III Capital Management
Follow13F filer, CIK 1783139, BOCA RATON, FL
III Capital Management reported $620,946,902 across 37 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 86.59% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001783139-25-000003
- Period
- 2024-12-31
- Reported value
- $621M
- Holdings
- 37
- Top 10 weight
- 86.59%
- New
- 7
- Sold out
- 56
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SPYnew | +220,385 | $129M |
| ACInew | +300,000 | $5.89M |
| Hnew | +28,000 | $4.4M |
| PPLInew | +100,000 | $4.31M |
| WYNNadded | +46,058 | $3.97M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NEEexited | -555,000 | -$30.9M |
| BWAexited | -115,334 | -$4.19M |
| OUTFRONT MEDIA INCexited | -225,459 | -$4.14M |
| WDCreduced | -42,350 | -$2.53M |
| BYDexited | -38,000 | -$2.46M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2024
Share positions as resolved from 13F-HR 0001783139-25-000003, largest first. % of portfolio is the value over $595,977,674, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 220,385 | $129M | 21.67% | new | Timeline | ||
| BKLNINVESCO EXCH TRADED FD TR II | 5,585,614 | $118M | 19.75% | 0 | Timeline | ||
| EXPEEXPEDIA GROUP INC | 34,480 | $6.42M | 1.08% | +1,240 | Timeline | ||
| ACIALBERTSONS COMPANIES INC | 300,000 | $5.89M | 0.99% | new | Timeline | ||
| CRHCRH PLC | 56,534 | $5.23M | 0.88% | +4,267 | Timeline | ||
| HRIHERC HLDGS INC | 27,520 | $5.21M | 0.87% | -4,240 | Timeline | ||
| XLPSELECT SECTOR SPDR TR | 64,300 | $5.05M | 0.85% | +32,150 | Timeline | ||
| RTORENTOKIL INITIAL PLC | 192,030 | $4.86M | 0.82% | -8,985 | Timeline | ||
| WYNNWYNN RESORTS LTD | 55,000 | $4.74M | 0.8% | +46,058 | Timeline | ||
| METAMETA PLATFORMS INC | 8,000 | $4.68M | 0.79% | +4,276 | Timeline | ||
| CZRCAESARS ENTERTAINMENT INC NE | 139,900 | $4.68M | 0.78% | +99,950 | Timeline | ||
| HHYATT HOTELS CORP | 28,000 | $4.4M | 0.74% | new | Timeline | ||
| PPLIPEOPLE INC | 100,000 | $4.31M | 0.72% | new | Timeline | ||
| VSTSVESTIS CORPORATION | 275,928 | $4.21M | 0.71% | +17,964 | Timeline | ||
| CHTRCHARTER COMMUNICATIONS INC | 12,000 | $4.11M | 0.69% | +10,000 | Timeline | ||
| FUNSIX FLAGS ENTERTAINMENT CORP | 69,516 | $3.35M | 0.56% | -49,084 | Timeline | ||
| LANDSEA HOMES CORPLANDSEA HOMES CORP | 363,444 | $3.09M | 0.52% | +211,476 | |||
| NXSTNEXSTAR MEDIA GROUP INC | 16,000 | $2.53M | 0.42% | +13,000 | Timeline | ||
| CARAVIS BUDGET GROUP INC | 26,000 | $2.1M | 0.35% | new | Timeline | ||
| NCLHNORWEGIAN CRUISE LINE HLDGS | 75,600 | $1.95M | 0.33% | +17,800 | Timeline | ||
| WWAYFAIR INC | 38,000 | $1.68M | 0.28% | +13,400 | Timeline | ||
| GDENGOLDEN ENTMT INC | 52,028 | $1.64M | 0.28% | +11,014 | Timeline | ||
| KHCKRAFT HEINZ CO | 41,830 | $1.28M | 0.22% | +20,915 | Timeline | ||
| WDCWESTERN DIGITAL CORP | 21,300 | $1.27M | 0.21% | -42,350 | Timeline | ||
| LUCID GROUP INCLUCID GROUP INC | 115,527 | $349K | 0.06% | new | |||
| BELFBBEL FUSE INC | 3,869 | $319K | 0.05% | -2,131 | Timeline | ||
| BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC | 52,382 | $83.3K | 0.01% | 0 |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| PCGPG&E CORP Stock | put | 655,100 | $13.2M | -763,700 |
| LUCID GROUP INCLUCID GROUP INC COM | put | 3,890,500 | $11.7M | -2,374,300 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| BOOKING HOLDINGS INCBOOKING HOLDINGS INC NOTE 0.750% 5/0 | principal | 35,487,000 | $93.8M | -20,760,000 |
| INSIGHT ENTERPRISES INCINSIGHT ENTERPRISES INC NOTE 0.750% 2/1 | principal | 21,595,000 | $48.6M | -20,015,000 |
| BENTLEY SYSTEMS INCBENTLEY SYSTEMS INC NOTE 0.125% 1/1 | principal | 35,605,000 | $34.6M | -6,832,000 |
| ETSY INCETSY INC NOTE 0.125%10/0 | principal | 29,119,000 | $28.2M | -1,227,000 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 23,468,000 | $25.5M | new |
| INNOVIVA INCINNOVIVA INC NOTE 2.500% 8/1 | principal | 17,842,000 | $19.7M | -17,994,000 |
| SEAGATE HDD CAYMANSEAGATE HDD CAYMAN NOTE 3.500% 6/0 | principal | 10,312,000 | $12.4M | -23,188,000 |
| BEYOND MEAT INCBEYOND MEAT INC NOTE 3/1 | principal | 19,546,000 | $2.89M | -18,005,000 |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| CYBERARK SOFTWARE LTDCYBERARK SOFTWARE LTD | 69,801,000 | $129M | principal |
| SPOTIFY USA INCSPOTIFY USA INC | 82,300,000 | $82M | principal |
| CHART INDS INCCHART INDS INC | 31,640,000 | $66.4M | principal |
| SOUTHERN COSOUTHERN CO | 59,336,000 | $66.1M | principal |
| PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP | 37,429,000 | $46.4M | principal |
| LCI INDSLCI INDS | 35,856,000 | $36.4M | principal |
| VAIL RESORTS INCVAIL RESORTS INC | 37,630,000 | $35.4M | principal |
| NEENEXTERA ENERGY INC | 555,000 | $30.9M | shares |
| Dynavax Technologies Corp.Dynavax Technologies Corp. | 24,058,000 | $29.2M | principal |
| Shopify IncShopify Inc | 30,000,000 | $28.9M | principal |
| BOFA FIN LLCBOFA FIN LLC | 19,932,000 | $22.2M | principal |
| NIONIO INC | 2,879,300 | $19.2M | put |
| FFORD MTR CO | 1,753,100 | $18.5M | put |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 17,500,000 | $17.8M | principal |
| BABAALIBABA GROUP HLDG LTD | 96,800 | $10.3M | put |
| SPIRIT AIRLS INCSPIRIT AIRLS INC | 3,388,800 | $8.13M | put |
| NIO INCNIO INC | 7,967,000 | $7.2M | principal |
| FIRST MAJESTIC SILVER CORPFIRST MAJESTIC SILVER CORP | 7,544,000 | $6.57M | principal |
| PRGSPROGRESS SOFTWARE CORP | 95,000 | $6.4M | call |
| NIO INCNIO INC | 7,269,000 | $6.32M | principal |
| BYNDBEYOND MEAT INC | 876,500 | $5.94M | put |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 5,248,000 | $5.43M | principal |
| THE REALREAL INCTHE REALREAL INC | 9,613,000 | $4.43M | principal |
| SPIRIT AIRLS INCSPIRIT AIRLS INC | 14,041,000 | $4.26M | principal |
| BWABORGWARNER INC | 115,334 | $4.19M | shares |
| OUTFRONT MEDIA INCOUTFRONT MEDIA INC | 225,459 | $4.14M | shares |
| UNITI GROUP INCUNITI GROUP INC | 682,000 | $3.85M | put |
| BYDBOYD GAMING CORP | 38,000 | $2.46M | shares |
| AGFIRST MAJESTIC SILVER CORP | 245,800 | $1.47M | put |
| BRSLBRIGHTSTAR LOTTERY PLC | 67,600 | $1.44M | shares |
| WYNNWYNN RESORTS LTD | 15,000 | $1.44M | call |
| TAT&T INC | 61,995 | $1.36M | shares |
| WSMWILLIAMS SONOMA INC | 8,600 | $1.33M | shares |
| CTASCINTAS CORP | 5,000 | $1.03M | call |
| RCLROYAL CARIBBEAN GROUP | 4,000 | $709K | shares |
| FLUTFLUTTER ENTMT PLC | 2,000 | $475K | shares |
| NEENEXTERA ENERGY INC | 5,237 | $443K | shares |
| LBRDKLIBERTY BROADBAND CORP | 5,000 | $386K | shares |
| BURTECH ACQUISITION CORPBURTECH ACQUISITION CORP | 78,321 | $15.7K | shares |
| EON RESOURCES INCEON RESOURCES INC | 85,403 | $5.76K | shares |
| BLEUACACIA LTDBLEUACACIA LTD | 175,727 | $5.48K | shares |
| SILVERBOX CORP IIISILVERBOX CORP III | 42,964 | $4.75K | shares |
| CARTICA ACQUISITION CORPCARTICA ACQUISITION CORP | 25,298 | $3.95K | shares |
| OPTXWSYNTEC OPTICS HLDGS INC | 35,840 | $2.6K | shares |
| DENALI CAPITAL ACQUISITN CORDENALI CAPITAL ACQUISITN COR | 41,184 | $2.27K | shares |
| Aimfinity Investment Corp IAimfinity Investment Corp I | 91,548 | $2.17K | shares |
| BLEUACACIA LTDBLEUACACIA LTD | 91,851 | $1.93K | shares |
| Futuretech II Acquisition C…Futuretech II Acquisition Corp | 72,922 | $1.8K | shares |
| BTMWQBITCOIN DEPOT INC | 26,383 | $1.21K | shares |
| LibityLibity | 11,448 | $800 | shares |
| CACTUS ACQUISITION CORP 1 L…CACTUS ACQUISITION CORP 1 LTD | 20,684 | $621 | shares |
| PERCEPTION CAPITAL CORP IIIPERCEPTION CAPITAL CORP III | 19,485 | $569 | shares |
| Everest Consolidator Acquis…Everest Consolidator Acquisition … | 15,433 | $436 | shares |
| OIOWWOIO GROUP | 47,874 | $411 | shares |
| SBCWWSBC MED GROUP HLDGS INC | 1,091 | $162 | shares |
| PINSTRIPES HOLDINGS INCPINSTRIPES HOLDINGS INC | 7,325 | $98 | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001783139-25-000003 | base | 2025-02-14 | acceptance time not in the bulk data set |