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ICM

III Capital Management Portfolio holdings

AUM $394M
1-Year Est. Return 19.89%
This Fund
S&P 500
This Quarter Est. Return
+6.5%
1 Year Est. Return
+19.89%
3 Year Est. Return
+28.67%
5 Year Est. Return
+27.97%
10 Year Est. Return
–
AUM
$558M
AUM Growth
+$5.42M
Cap. Flow
+$151M
Cap. Flow %
27.1%
Top 10 Hldgs %
84.27%
Holding
59
New
15
Increased
11
Reduced
18
Closed
7

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$188M
2
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$170M
3
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$8.63M
4
CRH icon
CRH
CRH
+$2.65M
5
DLTR icon
Dollar Tree
DLTR
+$2.16M

Top Sells

Rank Stock Value
1
BKLN icon
Invesco Senior Loan ETF
BKLN
+$97.7M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$85.2M
3
CAR icon
Avis
CAR
+$3.72M
4
VSTS icon
Vestis
VSTS
+$2.32M
5
CHTR icon
Charter Communications
CHTR
+$1.91M

Sector Composition

Rank Sector Weight
1 Miscellaneous 83.58%
2 Consumer Discretionary 7.04%
3 Communication Services 2.42%
4 Industrials 1.91%
5 Consumer Staples 1.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$812B
$203M 36.46%
+329,200
New +$188M
VCSH icon
2
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
$172M 30.79%
+2,160,000
New +$170M
HYG icon
3
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.4B
$20.1M 3.6%
249,000
-1,081,000
-81% -$85.2M
RSP icon
4
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
$9.09M 1.63%
+50,000
New +$8.63M
WDC icon
5
Western Digital
WDC
$169B
$5.3M 0.95%
82,900
-30,900
-27% -$1.47M
HRI icon
6
Herc Holdings
HRI
$4.95B
$5.26M 0.94%
39,969
+3,097
+8% +$376K
CRH icon
7
CRH
CRH
$62B
$5.1M 0.91%
55,534
+29,000
+109% +$2.65M
FUN icon
8
Cedar Fair
FUN
$1.61B
$4.83M 0.87%
158,849
+39,333
+33% +$1.32M
H icon
9
Hyatt Hotels
H
$15.8B
$4.82M 0.86%
34,500
+17,000
+97% +$2.12M
OUT icon
10
Outfront Media
OUT
$5.09B
$4.73M 0.85%
289,819
+64,945
+29% +$1.01M
META icon
11
Meta Platforms (Facebook)
META
$1.58T
$4.43M 0.79%
6,000
-1,000
-14% -$618K
BWA icon
12
BorgWarner
BWA
$13.7B
$4.42M 0.79%
132,000
-8,000
-6% -$245K
DRVN icon
13
Driven Brands
DRVN
$2.2B
$4.39M 0.79%
250,000
– –
ACI icon
14
Albertsons Companies
ACI
$6B
$4.39M 0.79%
204,000
+19,000
+10% +$413K
URBN icon
15
Urban Outfitters
URBN
$7.02B
$3.99M 0.72%
55,000
+15,000
+38% +$901K
DLTR icon
16
Dollar Tree
DLTR
$23.8B
$3.96M 0.71%
40,000
+25,000
+167% +$2.16M
CHTR icon
17
Charter Communications
CHTR
$17.8B
$3.47M 0.62%
8,500
-5,000
-37% -$1.91M
CZR icon
18
Caesars Entertainment
CZR
$6.05B
$2.84M 0.51%
99,900
+20,000
+25% +$544K
RTO icon
19
Rentokil
RTO
$11.9B
$2.69M 0.48%
112,030
-45,000
-29% -$1.04M
UBER icon
20
Uber
UBER
$151B
$2.39M 0.43%
25,657
-4,343
-14% -$358K
WYNN icon
21
Wynn Resorts
WYNN
$9.37B
$2.34M 0.42%
25,000
-5,000
-17% -$424K
LCID icon
22
PUT
Lucid Motors
LCID
$1.84B
$2.19M 0.39%
103,690
-139,940
-57% -$3.35M
WSM icon
23
Williams-Sonoma
WSM
$26.6B
$2.12M 0.38%
+13,000
New +$2.04M
KHC icon
24
Kraft Heinz
KHC
$28.9B
$1.98M 0.36%
76,830
+45,000
+141% +$1.25M
VZ icon
25
Verizon
VZ
$210B
$1.95M 0.35%
+45,000
New +$1.95M
1
2 3

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III Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, III Capital Management held 59 positions worth $558M, up 0.98% from $552M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

III Capital Management deployed $151M of net new capital in Q2 2025, opening 15 new positions and adding to 11 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 329,200 shares worth $203M.

By sector, the portfolio is most concentrated in Miscellaneous at 84% of assets, down from 86% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $85.2M trimmed.

  • III Capital Management's largest Q2 2025 buy was State Street SPDR S&P 500 ETF Trust: 329,200 shares worth $203M.
  • III Capital Management added most to CRH in Q2 2025, an estimated $2.65M increase.
  • III Capital Management's biggest Q2 2025 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $85.2M.
  • III Capital Management fully exited Invesco Senior Loan ETF in Q2 2025, selling an estimated $97.7M.
  • III Capital Management's ten largest holdings make up 84% of its $558M portfolio in Q2 2025.
  • III Capital Management opened 15 new positions and closed 7 in Q2 2025.
  • III Capital Management's portfolio value rose 0.98% quarter-over-quarter to $558M.

Based on III Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.