III Capital Management

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, III Capital Management maintained a portfolio of 72 distinct positions. The most significant new addition to the portfolio was SELECT SECTOR SPDR T, which now represents 9.48% of the total fund value. They heavily accumulated shares in SPDR S&P 500 ETF TR, increasing their position by 5.6%. Conversely, III Capital Management completely exited their position in ISHARES TR.
PCA Score Concentration Risk
Risk ENB
Total Positions
72
Quarter
2025 Q4
Top Holding
SPY (44.1%)
Top 10 Concentration
81.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 72
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SPY
SPDR S&P 500 ET...
ETF 44.05% 66.58% #1
Prev: #1
10.0 23,086 5.6%
P
S
438,886 $299,285,141 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XLE
SELECT SECTOR S...
PUT
PUT Option 9.48% #2
Prev: #—
5.8 1,435,744 no change
NEW
1,435,744 $64,431,294 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLE
SELECT SECTOR S...
CALL
CALL Option 6.02% #3
Prev: #—
4.4 911,680 no change
NEW
911,680 $40,913,089 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLF
SELECT SECTOR S...
PUT
PUT Option 4.95% #4
Prev: #—
4.0 608,198 no change
NEW
608,198 $33,662,670 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KWEB
KRANESHARES TRU...
CALL
CALL Option 4.26% #5
Prev: #—
3.7 850,900 no change
NEW
850,900 $28,973,131 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LQD
ISHARES TR
ETF 3.71% #6
Prev: #—
3.5 229,000 no change
NEW
229,000 $25,233,510 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XLF
SELECT SECTOR S...
CALL
CALL Option 3.45% #7
Prev: #—
3.4 423,099 no change
NEW
423,099 $23,417,772 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SOUTHERN CO
Bond/Debt 2.59% 4.41% #8 6
Prev: #2
1.0 no change no change
P
S
16,482,000 $17,616,640 13F Filing 2025-12-31 2026-02-14 (Est.)
KWEB
KRANESHARES TRU...
PUT
PUT Option 1.77% #9
Prev: #—
2.7 352,400 no change
NEW
352,400 $11,999,206 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XLU
SELECT SECTOR S...
PUT
PUT Option 1.38% #10
Prev: #—
2.6 219,800 no change
NEW
219,800 $9,403,819 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
WEC ENERGY GROU...
Bond/Debt 0.86% 1.47% #11 7
Prev: #4
0.3 no change no change
P
S
5,000,000 $5,837,847 13F Filing 2025-12-31 2026-02-14 (Est.)
RTO
RENTOKIL INITIA...
Industrials 0.80% 0.97% #12 1
Prev: #13
2.4 25,000 15.6%
P
S
185,132 $5,453,988 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
H
HYATT HOTELS CO...
Consumer Cyclical 0.80% 1.22% #13 7
Prev: #6
0.3 -2,000 -5.6%
P
S
33,875 $5,430,840 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
CALL
CALL Option 0.75% #14
Prev: #—
2.3 14,814 no change
NEW
14,814 $5,127,125 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COMM
COMMSCOPE HLDG ...
Technology 0.75% #15
Prev: #—
2.3 280,000 no change
NEW
280,000 $5,076,400 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GDX
VANECK ETF TRUS...
CALL
CALL Option 0.73% #16
Prev: #—
2.3 58,200 no change
NEW
58,200 $4,991,814 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DRVN
DRIVEN BRANDS H...
Consumer Cyclical 0.72% 1.14% #17 9
Prev: #8
2.3 35,000 11.8%
P
S
330,625 $4,899,862 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MHK
MOHAWK INDS INC
Consumer Cyclical 0.67% 0.92% #18 3
Prev: #15
2.4 12,000 40.2%
P
S
41,850 $4,574,205 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BWA
BORGWARNER INC
Consumer Cyclical 0.64% 1.12% #19 10
Prev: #9
0.3 -10,000 -9.5%
P
S
95,810 $4,317,198 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
BOOKING HOLDING...
Consumer Cyclical 0.63% #20
Prev: #—
2.3 800 no change
NEW
800 $4,284,264 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
URBN
URBAN OUTFITTER...
Consumer Cyclical 0.63% 0.97% #21 7
Prev: #14
0.3 no change no change
P
S
56,550 $4,255,953 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BYD
BOYD GAMING COR...
Consumer Cyclical 0.61% #22
Prev: #—
2.2 49,000 no change
NEW
49,000 $4,176,760 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MAT
MATTEL INC
Consumer Cyclical 0.61% 0.81% #23 4
Prev: #19
2.3 10,000 5.0%
P
S
210,000 $4,166,400 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TMUS
T-MOBILE US INC
Communication Services 0.60% #24
Prev: #—
2.2 20,000 no change
NEW
20,000 $4,060,800 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.59% 0.86% #25 9
Prev: #16
2.3 13,000 35.8%
P
S
49,313 $4,029,365 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IJH
ISHARES TR
ETF 0.00% 1.76%
Sold All 😨
(Was: #3)
0.3 -112,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IAC
IAC INC
Communication Services 0.00% 1.47%
Sold All 😨
(Was: #5)
0.3 -180,000 -100.0%
CLOSED
$— 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T INC
Communication Services 0.00% 1.11%
Sold All 😨
(Was: #10)
0.3 -163,550 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 0.00% 0.99%
Sold All 😨
(Was: #12)
0.3 -34,448 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.00% 0.83%
Sold All 😨
(Was: #18)
0.3 -14,140 -100.0%
CLOSED
$— 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DLTR
DOLLAR TREE INC
Consumer Defensive 0.00% 0.79%
Sold All 😨
(Was: #20)
0.3 -35,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CZR
CAESARS ENTERTA...
Consumer Cyclical 0.00% 0.51%
Sold All 😨
(Was: #25)
0.3 -79,136 -100.0%
CLOSED
$— 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NXST
NEXSTAR MEDIA G...
Communication Services 0.00% 0.46%
Sold All 😨
(Was: #27)
0.3 -9,710 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RRR
RED ROCK RESORT...
Consumer Cyclical 0.00% 0.43%
Sold All 😨
(Was: #31)
0.3 -29,087 -100.0%
CLOSED
$— 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CCL
CARNIVAL CORP
Consumer Cyclical 0.00% 0.42%
Sold All 😨
(Was: #32)
0.3 -60,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WBD
WARNER BROS DIS...
Communication Services 0.00% 0.28%
Sold All 😨
(Was: #37)
0.3 -60,000 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DIS
DISNEY WALT CO
Communication Services 0.00% 0.28%
Sold All 😨
(Was: #38)
0.3 -10,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PINS
PINTEREST INC
Communication Services 0.00% 0.27%
Sold All 😨
(Was: #39)
0.3 -35,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSTR
STRATEGY INC
Technology 0.00% 0.24%
Sold All 😨
(Was: #41)
0.3 -3,100 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XLU
SELECT SECTOR S...
Bond/Debt 0.00% 0.16%
Sold All 😨
(Was: #42)
0.3 -7,500 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GDEN
GOLDEN ENTMT IN...
Consumer Cyclical 0.00% 0.11%
Sold All 😨
(Was: #43)
0.3 -19,455 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KRE
SPDR SERIES TRU...
Unknown 0.00% 0.08%
Sold All 😨
(Was: #44)
0.3 -5,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 72 holdings

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