ICM

III Capital Management Portfolio holdings

AUM $554M
This Quarter Return
+3.93%
1 Year Return
+6.46%
3 Year Return
+7.97%
5 Year Return
+12.62%
10 Year Return
–
AUM
$401M
AUM Growth
+$401M
Cap. Flow
+$2.34M
Cap. Flow %
0.58%
Top 10 Hldgs %
67.12%
Holding
89
New
12
Increased
5
Reduced
9
Closed
7

Top Buys

1
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$11.3M
2
ZEN
ZENDESK INC
ZEN
$3.67M
3
COUP
Coupa Software Incorporated
COUP
$3.44M
4
CHNGU
Change Healthcare Inc. Tangible Equity Units
CHNGU
$2.16M
5
DELL icon
Dell
DELL
$1.65M

Top Sells

1
SOLN
The Southern Company
SOLN
$9.26M
2
CFXA
Colfax Corporation 5.75% Tangible Equity Units
CFXA
$4.59M
3
GFLU
GFL Environmental Inc. Tangible Equity Units
GFLU
$2.74M
4
META icon
Meta Platforms (Facebook)
META
$1.77M
5
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$1.22M

Sector Composition

1 Technology 2.18%
2 Real Estate 1.19%
3 Consumer Discretionary 1%
4 Industrials 0.84%
5 Communication Services 0.84%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
GSAH.U
26
DELISTED
GS Acquisition Holdings Corp II Units, each consisting of one share of Class A Common Stock and one-
GSAH.U
$52K 0.01%
+5,000
New +$52K
WWE
27
DELISTED
World Wrestling Entertainment
WWE
$43K 0.01%
1,010
– –
SD icon
28
SandRidge Energy
SD
$435M
$3K ﹤0.01%
10,472
– –
TSLA icon
29
Tesla
TSLA
$1.08T
– –
0
– –
UNIT
30
Uniti Group
UNIT
$1.55B
– –
0
– –
X
31
DELISTED
US Steel
X
– –
0
– –
AMPY icon
32
Amplify Energy
AMPY
$165M
$0 ﹤0.01%
+211
New –
BMRN icon
33
BioMarin Pharmaceuticals
BMRN
$11.2B
– –
0
– –
BURL icon
34
Burlington
BURL
$18.3B
– –
0
– –
CAR icon
35
Avis
CAR
$5.57B
– –
-24,222
Closed -$336K
CNK icon
36
Cinemark Holdings
CNK
$2.97B
– –
-108,431
Closed -$1.1M
ETSY icon
37
Etsy
ETSY
$5.25B
– –
0
– –
ILMN icon
38
Illumina
ILMN
$15.8B
– –
0
– –
IQ icon
39
iQIYI
IQ
$2.55B
– –
0
– –
LYV icon
40
Live Nation Entertainment
LYV
$38.6B
– –
0
– –
NCMI icon
41
National CineMedia
NCMI
$411M
– –
-50,000
Closed -$162K
ON icon
42
ON Semiconductor
ON
$20.3B
– –
0
– –
PDD icon
43
Pinduoduo
PDD
$171B
– –
0
– –
SPY icon
44
SPDR S&P 500 ETF Trust
SPY
$658B
– –
0
– –
SYNA icon
45
Synaptics
SYNA
$2.7B
– –
0
– –
XIFR
46
XPLR Infrastructure, LP
XIFR
$996M
– –
0
– –
SOLN
47
DELISTED
The Southern Company
SOLN
– –
-200,000
Closed -$9.26M
MGP
48
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
– –
-41,000
Closed -$970K
CFXA
49
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
– –
-50,000
Closed -$4.59M
LK
50
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
– –
0
– –
1
2
3