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III Capital Management Portfolio holdings
AUM
$344M
1-Year Est. Return
11.22%
This Fund
S&P 500
This Quarter
Est. Return
-1.78%
1 Year Est. Return
+11.22%
3 Year Est. Return
+12.16%
5 Year Est. Return
+12.02%
10 Year Est. Return
–
AUM
$552M
AUM Growth
-$68.6M
(-11%)
Cap. Flow
-$91.9M
Cap. Flow
% of AUM
-16.64%
Top 10 Holdings %
Top 10 Hldgs %
86.35%
Holding
48
New
14
Increased
6
Reduced
18
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$106M |
| 2 |
BorgWarner
BWA
|
+$4.25M |
| 3 |
Driven Brands
DRVN
|
+$4.09M |
| 4 |
Western Digital
WDC
|
+$4.06M |
| 5 |
Outfront Media
OUT
|
+$4.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$129M |
| 2 |
Invesco Senior Loan ETF
BKLN
|
+$18.2M |
| 3 |
Expedia Group
EXPE
|
+$5.19M |
| 4 |
PPLI
People Inc
PPLI
|
+$4.31M |
| 5 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$3.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 4.75% |
| 2 | Industrials | 2.98% |
| 3 | Communication Services | 2.48% |
| 4 | Technology | 1.23% |
| 5 | Consumer Staples | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Warner Bros
WBD
$66.2B
| $1.66M | 0.3% |
+155,000
| New | +$1.62M |
|
|
LSEA
27
DELISTED
Landsea Homes
LSEA
| $1.64M | 0.3% |
255,815
-107,629
| -30% | -$834K |
|
|
28
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $1.58M | 0.29% |
19,300
-45,000
| -70% | -$3.59M |
|
29
Cogent Communications
CCOI
$546M
| $1.23M | 0.22% |
+20,000
| New | +$1.47M |
|
30
Dollar Tree
DLTR
$24.9B
| $1.13M | 0.2% |
+15,000
| New | +$1.07M |
|
|
31
Expedia Group
EXPE
$36.8B
| $1.01M | 0.18% |
6,000
-28,480
| -83% | -$5.19M |
|
32
Kraft Heinz
KHC
$29.6B
| $969K | 0.18% |
31,830
-10,000
| -24% | -$299K |
|
33
Norwegian Cruise Line
NCLH
$8.89B
| $865K | 0.16% |
45,600
-30,000
| -40% | -$722K |
|
34
Booking.com
BKNG
$156B
| $461K | 0.08% |
+2,500
| New | +$478K |
|
|
GDEN
35
DELISTED
Golden Entertainment
GDEN
| $449K | 0.08% |
17,028
-35,000
| -67% | -$1.08M |
|
36
LegalZoom.com
LZ
$973M
| $431K | 0.08% |
+50,000
| New | +$448K |
|
37
Lucid Motors
LCID
$2.75B
| $280K | 0.05% |
11,553
| – | – |
|
38
PUT
Beyond Meat
BYND
$272M
| $101K | 0.02% |
+33,100
| New | +$122K |
|
39
BigBear.ai Holdings Warrant
BBAI.WS
$40.9M
| $36.3K | 0.01% |
42,900
-9,482
| -18% | -$13.7K |
|
|
BELFB
40
Bel Fuse Inc Class B
BELFB
$4.18B
| – | – |
-3,869
| Closed | -$319K |
|
|
PPLI
41
People Inc
PPLI
$3.2B
| – | – |
-121,900
| Closed | -$4.31M |
|
|
42
State Street SPDR S&P 500 ETF Trust
SPY
$818B
| – | – |
-220,385
| Closed | -$129M |
|
43
Wayfair
W
$14.3B
| – | – |
-38,000
| Closed | -$1.68M |
|
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III Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, III Capital Management held 48 positions worth $552M, down 11% from $621M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
III Capital Management withdrew a net $91.9M in Q1 2025, closing 4 positions and reducing 18 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 4.8% of assets, up from 4.7% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, III Capital Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $105M.
- III Capital Management's largest Q1 2025 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,330,000 shares worth $105M.
- III Capital Management added most to Western Digital in Q1 2025, an estimated $4.06M increase.
- III Capital Management's biggest Q1 2025 reduction was Invesco Senior Loan ETF, cutting an estimated $18.2M.
- III Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q1 2025, selling an estimated $129M.
- III Capital Management's ten largest holdings make up 86% of its $552M portfolio in Q1 2025.
- III Capital Management opened 14 new positions and closed 4 in Q1 2025.
- III Capital Management's portfolio value fell 11% quarter-over-quarter to $552M.
Based on III Capital Management's 13F filing for Q1 2025, filed 15 May 2025.