III Capital Management

Q3 2025 13F-HR Holdings

Location
Boca Raton, FL
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
47
Total value ($000)
$416,059
Net value change ($000)
-141,744 (-25.4%)
New positions
15
Sold out positions
16
Turnover %
65.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPY 73,602 36.2%
IJH 7,309 NEW
IAC 6,133 NEW
T 3,751 432.1%
GOOGL 3,444 NEW
MAT 3,366 NEW
CNK 2,382 NEW
MHK 2,275 144.6%
SATS 1,909 NEW
RL 1,852 112.5%
Top Reduces (Value $000, Stocks/ETFs)
VCSH -171,720 -100.0%
HYG -20,082 -100.0%
RSP -9,087 -100.0%
HRI -5,264 -100.0%
FUN -3,130 -64.7%
META -2,960 -66.8%
WYNN -2,342 -100.0%
ACI -2,280 -52.0%
WSM -2,124 -100.0%
VZ -1,947 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,646 (0.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type