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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
+2.2%
1 Year Est. Return
+11.22%
3 Year Est. Return
+12.16%
5 Year Est. Return
+12.02%
10 Year Est. Return
–
AUM
$554M
AUM Growth
+$149M
Cap. Flow
-$200M
Cap. Flow %
-36.05%
Top 10 Hldgs %
60.83%
Holding
89
New
21
Increased
10
Reduced
4
Closed
13

Top Buys

Rank Stock Value
1
PCGU
PG&E Corporation
PCGU
+$12.2M
2
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$7.15M
3
BDX icon
Becton Dickinson
BDX
+$3.83M
4
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
+$2.81M
5
SOLN
The Southern Company
SOLN
+$2.29M

Top Sells

Rank Stock Value
1
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$9.76M
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
OUT icon
Outfront Media
OUT
+$1.14M

Sector Composition

Rank Sector Weight
1 Communication Services 1.24%
2 Consumer Discretionary 1.23%
3 Real Estate 0.97%
4 Industrials 0.76%
5 Healthcare 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
51
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$821B
– –
-300
Closed -$153K
UNG icon
52
United States Natural Gas Fund
UNG
$454M
– –
-6,000
Closed -$246K
WYNN icon
53
Wynn Resorts
WYNN
$10.6B
– –
-13,000
Closed -$968K
X
54
PUT
DELISTED
US Steel
X
– –
-6,900
Closed -$635K
PRKS icon
55
United Parks & Resorts
PRKS
$2.12B
– –
-40,000
Closed -$592K
COUP
56
DELISTED
Coupa Software Incorporated
COUP
– –
-12,400
Closed -$3.44M
ZEN
57
DELISTED
ZENDESK INC
ZEN
– –
-41,400
Closed -$3.67M
CHNGU
58
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
– –
-50,000
Closed -$2.16M
GSAH.U
59
DELISTED
GS Acquisition Holdings Corp II Units, each consisting of one share of Class A Common Stock and one-
GSAH.U
– –
-5,000
Closed -$52K
GIK.U
60
DELISTED
GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee
GIK.U
– –
-25,000
Closed -$251K
NEE.PRO
61
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
– –
-200,000
Closed -$9.76M
1 2
3

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III Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, III Capital Management held 89 positions worth $554M, up 37% from $404M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

III Capital Management withdrew a net $200M in Q3 2020, closing 13 positions and reducing 4 holdings. Its most notable exit was NextEra Energy, Inc. 4.872% Corporate Units, an estimated $9.76M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 1.2% of assets, up from 0.83% a quarter earlier, followed by Consumer Discretionary and Real Estate.

Against the trend, III Capital Management opened a new position in PG&E Corporation worth $12.3M.

  • III Capital Management's largest Q3 2020 buy was PG&E Corporation: 125,000 shares worth $12.3M.
  • III Capital Management added most to Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A in Q3 2020, an estimated $2.81M increase.
  • III Capital Management's biggest Q3 2020 reduction was Outfront Media, cutting an estimated $1.14M.
  • III Capital Management fully exited NextEra Energy, Inc. 4.872% Corporate Units in Q3 2020, selling an estimated $9.76M.
  • III Capital Management's ten largest holdings make up 61% of its $554M portfolio in Q3 2020.
  • III Capital Management opened 21 new positions and closed 13 in Q3 2020.
  • III Capital Management's portfolio value rose 37% quarter-over-quarter to $554M.

Based on III Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.