III Capital Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
III Capital Management disclosed 43 US equity positions worth $451.5m in its Q4 2025 13F filing. The largest position was SPY at 66.3% of the reported book, followed by LQD and SOUTHERN CO. Against the Q3 2025 filing, it opened 14 new positions, added to 14 and reduced 8 among the top 43 holdings.
What did III Capital Management own in Q4 2025? Top 43 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 66.3% | $299.3m | 438,886 | 6% | added | |
| 2 | LQD ISHARES TR | 5.6% | $25.2m | 229,000 | – | new | |
| 3 | SOUTHERN CO | 3.9% | $17.6m | 16,482,000 | 0% | held | |
| 4 | WEC ENERGY GROUP INC | 1.3% | $5.8m | 5,000,000 | 0% | held | |
| 5 | RTO RENTOKIL INITIAL PLC | 1.2% | $5.5m | 185,132 | 16% | added | |
| 6 | H HYATT HOTELS CORP | Consumer Cyclical | 1.2% | $5.4m | 33,875 | -6% | reduced |
| 7 | VISN COMMSCOPE HLDG CO INC | Technology | 1.1% | $5.1m | 280,000 | – | new |
| 8 | DRVN DRIVEN BRANDS HLDGS INC | Consumer Cyclical | 1.1% | $4.9m | 330,625 | 12% | added |
| 9 | MHK MOHAWK INDS INC | Consumer Cyclical | 1.0% | $4.6m | 41,850 | 40% | added |
| 10 | BWA BORGWARNER INC | Consumer Cyclical | 1.0% | $4.3m | 95,810 | -9% | reduced |
| 11 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 0.9% | $4.3m | 800 | – | new |
| 12 | URBN URBAN OUTFITTERS INC | Consumer Cyclical | 0.9% | $4.3m | 56,550 | 0% | held |
| 13 | BYD BOYD GAMING CORP | Consumer Cyclical | 0.9% | $4.2m | 49,000 | – | new |
| 14 | MAT MATTEL INC | Consumer Cyclical | 0.9% | $4.2m | 210,000 | 5% | added |
| 15 | TMUS T-MOBILE US INC | Communication Services | 0.9% | $4.1m | 20,000 | – | new |
| 16 | UBER UBER TECHNOLOGIES INC | Technology | 0.9% | $4.0m | 49,313 | 36% | added |
| 17 | KWEB KRANESHARES TRUST | 0.9% | $3.9m | 115,000 | – | new | |
| 18 | ACI ALBERTSONS COS INC | Consumer Defensive | 0.8% | $3.7m | 215,370 | 79% | added |
| 19 | RL RALPH LAUREN CORP | Consumer Cyclical | 0.7% | $3.2m | 9,155 | -18% | reduced |
| 20 | WDC WESTERN DIGITAL CORP | Technology | 0.7% | $3.2m | 18,506 | -56% | reduced |
| 21 | NCLH NORWEGIAN CRUISE LINE HLDG L | Consumer Cyclical | 0.7% | $3.1m | 138,734 | 88% | added |
| 22 | PBI PITNEY BOWES INC | Industrials | 0.7% | $3.0m | 280,000 | – | new |
| 23 | ECHO ECHOSTAR CORP | Communication Services | 0.6% | $2.7m | 25,000 | 0% | held |
| 24 | KMB KIMBERLY-CLARK CORP | Consumer Defensive | 0.6% | $2.6m | 26,000 | – | new |
| 25 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 0.6% | $2.5m | 33,000 | 136% | added |
| 26 | META META PLATFORMS INC | Communication Services | 0.5% | $2.3m | 3,500 | 75% | added |
| 27 | XLE SELECT SECTOR SPDR TR | 0.5% | $2.2m | 50,000 | – | new | |
| 28 | FLUTTER ENTMT PLC | 0.5% | $2.2m | 10,000 | – | new | |
| 29 | CNK CINEMARK HLDGS INC | Communication Services | 0.4% | $2.0m | 85,000 | 0% | held |
| 30 | CHTR CHARTER COMMUNICATIONS INC N | Communication Services | 0.4% | $1.9m | 9,000 | -25% | reduced |
| 31 | BOX INC | 0.4% | $1.8m | 1,820,000 | 0% | held | |
| 32 | CAR AVIS BUDGET GROUP | Industrials | 0.3% | $1.3m | 10,000 | 11% | added |
| 33 | KHC KRAFT HEINZ CO | Consumer Defensive | 0.3% | $1.3m | 52,779 | -36% | reduced |
| 34 | FUN SIX FLAGS ENTERTAINMENT CORP | 0.3% | $1.2m | 80,000 | 7% | added | |
| 35 | ETSY ETSY INC | Consumer Cyclical | 0.2% | $1.1m | 20,000 | – | new |
| 36 | OUT OUTFRONT MEDIA INC | Real Estate | 0.2% | $947.1k | 39,300 | -83% | reduced |
| 37 | GLD SPDR GOLD TR | 0.2% | $818.8k | 2,066 | 333% | added | |
| 38 | NFLX NETFLIX INC | Communication Services | 0.1% | $562.6k | 6,000 | – | new |
| 39 | XLP SELECT SECTOR SPDR TR | 0.1% | $470.0k | 6,051 | -83% | reduced | |
| 40 | SLV ISHARES SILVER TR | 0.1% | $418.7k | 6,500 | – | new | |
| 41 | PENN PENN ENTERTAINMENT INC | Consumer Cyclical | 0.1% | $295.0k | 20,000 | – | new |
| 42 | LCID LUCID GROUP INC | 0.0% | $96.2k | 9,100 | 261% | added | |
| 43 | BIGBEAR AI HLDGS INC | 0.0% | $54.6k | 34,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.