III Capital Management
•CIK: 1783139•Filing: Q4 2025
**III Capital Management** manages $563M across a concentrated portfolio of 49 positions. The fund exhibits significant exposure to broad market indices, notably holding $299.3M in SPY. Sector allocation is evident through substantial positions in energy (XLE at $40.9M) and technology/internet (KWEB at $29.0M). The remaining holdings suggest a tactical tilt across fixed income (LQD at $25.2M) and financials (XLF at $23.4M).
Total AUM
$420.1M
+ $117.5M in options
QoQ Performance
+8.3%
Positions
38
+ 6 options
Top 10 Concentration
83.4%
Latest Filing
Q4 2025
Top Holdings Allocation
SPY
XLE
KWEB
SPY55.7%
XLE7.6%
KWEB5.4%
LQD4.7%
XLF4.4%
XLU1.7%
RTO1.0%
H1.0%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
ETF55.7%
Other39.0%
Consumer2.6%
Technology1.4%
Communication1.2%
Consumer Staples0.2%
🚪 Exited Positionssold since Q3 2025
+11 more exited positions
Changes from Q3 2025
NEW19 new positions
↑15 increased
↓8 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023