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III Capital Management

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13F filer, CIK 1783139, BOCA RATON, FL

III Capital Management reported $344,351,733 across 58 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 75.86% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001783139-26-000003

Period
2026-03-31
Reported value
$344M
Holdings
58
Top 10 weight
75.86%
New
28
Sold out
25

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EMBnew+105,000$9.86M
EEMnew+95,000$5.4M
CRHnew+36,488$3.84M
WYNNnew+28,052$2.85M
NEEnew+50,000$2.51M

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

SecurityShares changeApprox. value
SPYreduced-215,011-$140M
LQDexited-229,000-$25.2M
BWAexited-95,810-$4.32M
KWEBexited-115,000-$3.92M
DRVNreduced-255,860-$3.23M

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, Q1 2026

Share positions as resolved from 13F-HR 0001783139-26-000003, largest first. % of portfolio is the value over $247,025,611, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 220,385 shares; 2025Q1: not reported; 2025Q2: 329,200 shares; 2025Q3: 415,800 shares; 2025Q4: 438,886 shares; 2026Q1: 223,875 shares 223,875$146M58.94%-215,011Timeline
EMBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 105,000 shares 105,000$9.86M3.99%newTimeline
VISNVISTANCE NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 280,000 shares; 2026Q1: 338,825 shares 338,825$6.17M2.5%+58,825Timeline
EEMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 95,000 shares 95,000$5.4M2.18%newTimeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 52,267 shares; 2024Q4: 56,534 shares; 2025Q1: 26,534 shares; 2025Q2: 55,534 shares; 2025Q3: 34,448 shares; 2025Q4: not reported; 2026Q1: 36,488 shares 36,488$3.84M1.55%newTimeline
HHYATT HOTELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 28,000 shares; 2025Q1: 17,500 shares; 2025Q2: 34,500 shares; 2025Q3: 35,875 shares; 2025Q4: 33,875 shares; 2026Q1: 26,386 shares 26,386$3.79M1.54%-7,489Timeline
URBNURBAN OUTFITTERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 40,000 shares; 2025Q2: 55,000 shares; 2025Q3: 56,550 shares; 2025Q4: 56,550 shares; 2026Q1: 54,837 shares 54,837$3.47M1.41%-1,713Timeline
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 20,000 shares; 2026Q1: 15,088 shares 15,088$3.17M1.28%-4,912Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 201,015 shares; 2024Q4: 192,030 shares; 2025Q1: 157,030 shares; 2025Q2: 112,030 shares; 2025Q3: 160,132 shares; 2025Q4: 185,132 shares; 2026Q1: 97,159 shares 97,159$3.06M1.24%-87,973Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 100 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 800 shares; 2026Q1: 722 shares 722$3.04M1.23%-78Timeline
WYNNWYNN RESORTS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 8,942 shares; 2024Q4: 55,000 shares; 2025Q1: 30,000 shares; 2025Q2: 25,000 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 28,052 shares 28,052$2.85M1.15%newTimeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,000 shares; 2024Q4: 12,000 shares; 2025Q1: 13,500 shares; 2025Q2: 8,500 shares; 2025Q3: 12,000 shares; 2025Q4: 9,000 shares; 2026Q1: 12,045 shares 12,045$2.6M1.05%+3,045Timeline
MHKMOHAWK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,000 shares; 2025Q3: 29,850 shares; 2025Q4: 41,850 shares; 2026Q1: 25,949 shares 25,949$2.55M1.03%-15,901Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 50,000 shares 50,000$2.51M1.02%newTimeline
BURLBURLINGTON STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 7,500 shares 7,500$2.44M0.99%newTimeline
RRRRED ROCK RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 29,087 shares; 2025Q4: not reported; 2026Q1: 43,442 shares 43,442$2.32M0.94%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,724 shares; 2024Q4: 8,000 shares; 2025Q1: 7,000 shares; 2025Q2: 6,000 shares; 2025Q3: 2,000 shares; 2025Q4: 3,500 shares; 2026Q1: 3,993 shares 3,993$2.28M0.92%+493Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 30,000 shares; 2025Q2: 25,657 shares; 2025Q3: 36,313 shares; 2025Q4: 49,313 shares; 2026Q1: 31,154 shares 31,154$2.24M0.91%-18,159Timeline
RLRALPH LAUREN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,000 shares; 2025Q3: 11,155 shares; 2025Q4: 9,155 shares; 2026Q1: 6,406 shares 6,406$2.2M0.89%-2,749Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 10,000 shares; 2026Q1: 21,597 shares 21,597$2.2M0.89%+11,597Timeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 63,650 shares; 2024Q4: 21,300 shares; 2025Q1: 113,800 shares; 2025Q2: 82,900 shares; 2025Q3: 41,713 shares; 2025Q4: 18,506 shares; 2026Q1: 7,979 shares 7,979$2.16M0.87%-10,527Timeline
MATMATTEL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 200,000 shares; 2025Q4: 210,000 shares; 2026Q1: 144,519 shares 144,519$2.1M0.85%-65,481Timeline
HRIHERC HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 31,760 shares; 2024Q4: 27,520 shares; 2025Q1: 36,872 shares; 2025Q2: 39,969 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 20,360 shares 20,360$2.03M0.82%newTimeline
ETSYETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 20,000 shares; 2026Q1: 40,000 shares 40,000$2M0.81%+20,000Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 180,000 shares; 2025Q4: not reported; 2026Q1: 48,976 shares 48,976$1.96M0.79%newTimeline
CCLCARNIVAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 60,000 shares; 2025Q4: not reported; 2026Q1: 72,904 shares 72,904$1.89M0.76%newTimeline
KMBKIMBERLY-CLARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 26,000 shares; 2026Q1: 19,316 shares 19,316$1.86M0.75%-6,684Timeline
PBIPITNEY BOWES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 280,000 shares; 2026Q1: 154,442 shares 154,442$1.71M0.69%-125,558Timeline
DLTRDOLLAR TREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,000 shares; 2025Q2: 40,000 shares; 2025Q3: 35,000 shares; 2025Q4: not reported; 2026Q1: 15,102 shares 15,102$1.65M0.67%newTimeline
BYDBOYD GAMING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 38,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,000 shares; 2025Q3: not reported; 2025Q4: 49,000 shares; 2026Q1: 19,442 shares 19,442$1.6M0.65%-29,558Timeline
PENNPENN ENTERTAINMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 20,000 shares; 2026Q1: 101,046 shares 101,046$1.52M0.61%+81,046Timeline
PRKSUNITED PARKS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 45,000 shares 45,000$1.47M0.59%newTimeline
ACIALBERTSONS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 300,000 shares; 2025Q1: 185,000 shares; 2025Q2: 204,000 shares; 2025Q3: 120,370 shares; 2025Q4: 215,370 shares; 2026Q1: 79,085 shares 79,085$1.35M0.55%-136,285Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 39,950 shares; 2024Q4: 139,900 shares; 2025Q1: 79,900 shares; 2025Q2: 99,900 shares; 2025Q3: 79,136 shares; 2025Q4: not reported; 2026Q1: 49,210 shares 49,210$1.3M0.53%newTimeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 25,000 shares; 2025Q4: 25,000 shares; 2026Q1: 10,682 shares 10,682$1.25M0.51%-14,318Timeline
VSNTVERSANT MEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 29,856 shares 29,856$1.11M0.45%newTimeline
LTHLIFE TIME GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 36,000 shares 36,000$970K0.39%newTimeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,000 shares; 2025Q4: 33,000 shares; 2026Q1: 11,874 shares 11,874$965K0.39%-21,126Timeline
DRVNDRIVEN BRANDS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 250,000 shares; 2025Q2: 250,000 shares; 2025Q3: 295,625 shares; 2025Q4: 330,625 shares; 2026Q1: 74,765 shares 74,765$943K0.38%-255,860Timeline
XLVSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 6,000 shares 6,000$880K0.36%newTimeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 57,800 shares; 2024Q4: 75,600 shares; 2025Q1: 45,600 shares; 2025Q2: 85,600 shares; 2025Q3: 73,734 shares; 2025Q4: 138,734 shares; 2026Q1: 41,549 shares 41,549$777K0.31%-97,185Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 477 shares; 2025Q4: 2,066 shares; 2026Q1: 1,066 shares 1,066$459K0.19%-1,000Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWARQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,743 shares 1,743$344K0.14%newTimeline
CARAVIS BUDGET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 26,000 shares; 2025Q1: 45,000 shares; 2025Q2: 10,500 shares; 2025Q3: 9,000 shares; 2025Q4: 10,000 shares; 2026Q1: 1,873 shares 1,873$273K0.11%-8,127Timeline
XLUSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,000 shares; 2025Q3: 7,500 shares; 2025Q4: not reported; 2026Q1: 380 shares 380$17.4K0.01%newTimeline

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).

SecurityTypeAmountValueChange
GDXVANECK ETF TRUST GOLD MINERS ETFcall270,584$24.8M+212,384
EWJISHARES INC SHSput236,608$20Mnew
TSLATESLA INC COMput40,000$14.9Mnew
TSLATESLA INC COMcall40,000$14.9Mnew
COPXGLOBAL X FDS GLOBAL X COPPERcall82,000$6.25Mnew
XLPSELECT SECTOR SPDR TR STATE STREET CONput45,732$3.75Mnew
KWEBKRANESHARES TRUST CSI CHI INTERNETcall126,800$3.6M-724,100
SLVISHARES SILVER TR COMcall39,684$2.7Mnew
KWEBKRANESHARES TRUST CSI CHI INTERNETput84,576$2.4M-267,824
BXBLACKSTONE INC COMcall16,814$1.93Mnew
CSGPCOSTAR GROUP INC Stockcall35,444$1.43Mnew
KKR & CO INCKKR & CO INC CMNcall17,465$701Knew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
PROGRESS SOFTWARE CORPPROGRESS SOFTWARE CORP NOTE 3.500% 3/0principal3,200,000$2.85Mnew

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
XLESELECT SECTOR SPDR TR1,435,744$64.4Mput
XLESELECT SECTOR SPDR TR911,680$40.9Mcall
XLFSELECT SECTOR SPDR TR608,198$33.7Mput
LQDISHARES TR229,000$25.2Mshares
XLFSELECT SECTOR SPDR TR423,099$23.4Mcall
SOUTHERN COSOUTHERN CO16,482,000$17.6Mprincipal
XLUSELECT SECTOR SPDR TR219,800$9.4Mput
WEC ENERGY GROUP INCWEC ENERGY GROUP INC5,000,000$5.84Mprincipal
AVGOBROADCOM INC14,814$5.13Mcall
BWABORGWARNER INC95,810$4.32Mshares
KWEBKRANESHARES TRUST115,000$3.92Mshares
XMESPDR SERIES TRUST33,100$3.43Mcall
XLESELECT SECTOR SPDR TR50,000$2.24Mshares
CNKCINEMARK HLDGS INC85,000$1.98Mshares
BOX INCBOX INC1,820,000$1.78Mprincipal
PCGPG&E CORP80,000$1.29Mput
KHCKRAFT HEINZ CO52,779$1.28Mshares
FUNSIX FLAGS ENTERTAINMENT CORP80,000$1.23Mshares
OUTOUTFRONT MEDIA INC39,300$947Kshares
NFLXNETFLIX INC.6,000$563Kshares
XLPSELECT SECTOR SPDR TR6,051$470Kshares
SLVISHARES SILVER TR6,500$419Kshares
LCIDLUCID GROUP INC25,190$266Kput
LCIDLUCID GROUP INC9,100$96.2Kshares
BIGBEAR AI HLDGS INCBIGBEAR AI HLDGS INC34,000$54.6Kshares

How Q1 2026 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001783139-26-000003 base2026-05-15acceptance time not in the bulk data set