III Capital Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), III Capital Management reported 43 stock positions worth $382.0 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 65.3% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 6.4%) and iShares Core S&P Midcap ETF (IJH, 2.5%). Compared with Q1 2026, it opened 16 new positions, sold out of 17, added to 17 and reduced 10. The biggest buy was a new position in Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) and the biggest sale an exit from iShares JP Morgan Usd Emergi (EMB).

Most Recent 13F
Q2 2026
Location
BOCA RATON, FL
CIK
0001783139
Portfolio Value
$382.0M (Q2 2026)
SEC Filing
0001783139-26-000004 ↗ filed Aug 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $246.4M Q1 2024 Q2 2024: $213.2M Q2 2024 Q3 2024: $182.5M Q3 2024 Q4 2024: $330.2M Q4 2024 Q1 2025: $281.2M Q1 2025 Q2 2025: $498.2M Q2 2025 Q3 2025: $388.0M Q3 2025 Q4 2025: $426.2M Q4 2025 Q1 2026: $241.7M Q1 2026 Q2 2026: $382.0M $382.0M Q2 2026

Holdings 43 stocks · $382.0M
SPY SS SPDR S&P 500 ETF Trust-US 65.28% 333,951 $249.4M Add +49.2%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 6.45% 308,000 $24.6M New
IJH iShares Core S&P Midcap ETF 2.52% 125,000 $9.6M New
RSP Invesco S&P 500 Equal Weight 2.23% 40,000 $8.5M New
CRH CRH PLC 1.19% 42,444 $4.5M Add +16.3%
GPC Genuine Parts Co. 1.17% 38,000 $4.5M New
VGNT Versigent PLC 1.12% 102,199 $4.3M New
H Hyatt Hotels Corp. Class A 1.04% 20,433 $4.0M Reduce -22.6%
TMUS T-Mobile US Inc. 0.99% 22,584 $3.8M Add +49.7%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.93% 24,742 $3.5M Add +21.5%
VISN Vistance Networks Inc. 0.91% 271,443 $3.5M Reduce -19.9%
BURL Burlington Stores Inc. 0.91% 10,930 $3.5M Add +45.7%
WYNN WYNN Resorts Ltd. 0.85% 33,405 $3.2M Add +19.1%
ECHO Echostar Corp. Class A 0.84% 31,637 $3.2M Add +196.2%
WDC Western Digital Corp. 0.84% 5,000 $3.2M Reduce -37.3%
BOOT Boot Barn Holdings Inc. 0.77% 18,000 $3.0M New
PPLI People Inc. 0.76% 63,000 $2.9M Add +28.6%
UBER Uber Technologies Inc. 0.76% 40,099 $2.9M Add +28.7%
RTO Rentokil Initial PLC-SP ADR 0.75% 100,684 $2.9M Add +3.6%
NXST Nexstar Media Group Inc. 0.72% 15,500 $2.8M New
URBN Urban Outfitters Inc. 0.71% 38,294 $2.7M Reduce -30.2%
MHK Mohawk Industries Inc. 0.66% 20,897 $2.5M Reduce -19.5%
CCL Carnival Corp. Ltd. 0.65% 86,820 $2.5M Add +19.1%
META Meta Platforms Inc. Class A 0.59% 4,000 $2.3M Add +0.2%
BYD Boyd Gaming Corp. 0.58% 25,000 $2.2M Add +28.6%
WMG Warner Music Group Corp. Class A 0.56% 79,000 $2.1M New
GLD SPDR Gold Shares 0.54% 5,566 $2.1M Add +422.1%
BKNG Booking Holdings Inc. 0.53% 11,450 $2.0M Reduce -36.6%
MAT Mattel Inc. 0.48% 132,109 $1.8M Reduce -8.6%
FOXA Fox Corp. Class A 0.44% 32,587 $1.7M New
DRVN Driven Brands Holdings Inc. 0.40% 109,020 $1.5M Add +45.8%
MU Micron Technology Inc. 0.39% 1,300 $1.5M New
AMD Advanced Micro Devices 0.33% 2,200 $1.3M New
VSNT Versant Media Group Inc. 0.28% 30,000 $1.1M Add +0.5%
SNDK Sandisk Corp. 0.28% 475 $1.1M New
MIDD Middleby Corp. 0.27% 6,000 $1.0M New
WH Wyndham Hotels & Resorts Inc. 0.27% 12,145 $1.0M Add +2.3%
CHTR Charter Communications Inc. Class A 0.25% 6,748 $960K Reduce -44.0%
IGV iShares Expanded Tech-Softwa 0.24% 10,000 $906K New
PENN Penn Entertainment Inc. 0.14% 25,330 $541K Reduce -74.9%
EXPE Expedia Group Inc. 0.13% 2,000 $512K New
RL Ralph Lauren Corp. 0.12% 1,127 $452K Reduce -82.4%
INTC Intel Corp. 0.11% 2,900 $405K New

Options reported separately and not counted above: WYNN calls ($2.9M).

Other holdings (5): bonds, preferreds, convertibles and warrants · $9.0M (not counted above)
SecurityClassShares / PrincipalValueChange
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 3,200,000$3.1MNo change
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 50,000$2.4MNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.25 05/15/33) NOTE 0.250% 5/1 · principal 1,000,000$1.5MNew
SOUTHERN CO (SO 3.25 06/15/28) NOTE 3.250% 6/1 · principal 1,089,000$1.1MNew
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 1,000,000$1.0MNew

Total filed on the 13F, all lines: $391.1M.

Portfolio Sells Q1 2026 → Q2 2026
EMB iShares JP Morgan Usd Emergi Sold out 0.00% −4.08
EEM iShares MSCI Emerging Market Sold out 0.00% −2.23
VISN Vistance Networks Inc. Reduce -19.9% 0.91% −1.64
RRR Red Rock Resorts Inc. Class A Sold out 0.00% −0.96
FLUT Flutter Entertainment PLC-Di Sold out 0.00% −0.91
ETSY Etsy Inc. Sold out 0.00% −0.83
CHTR Charter Communications Inc. Class A Reduce -44.0% 0.25% −0.82
RL Ralph Lauren Corp. Reduce -82.4% 0.12% −0.79
KMB Kimberly-Clark Corp. Sold out 0.00% −0.77
URBN Urban Outfitters Inc. Reduce -30.2% 0.71% −0.73
BKNG Booking Holdings Inc. Reduce -36.6% 0.53% −0.72
PBI Pitney Bowes Inc. Sold out 0.00% −0.71
DLTR Dollar Tree Inc. Sold out 0.00% −0.68
PRKS United Parks & Resorts Inc. Sold out 0.00% −0.61
ACI Albertsons Cos Inc. Class A Sold out 0.00% −0.56
CZR Caesars Entertainment Inc. Sold out 0.00% −0.54
H Hyatt Hotels Corp. Class A Reduce -22.6% 1.04% −0.53
PENN Penn Entertainment Inc. Reduce -74.9% 0.14% −0.49
LTH Life Time Group Holdings Inc. Sold out 0.00% −0.40
MHK Mohawk Industries Inc. Reduce -19.5% 0.66% −0.39
MAT Mattel Inc. Reduce -8.6% 0.48% −0.39
XLV SS Health Care Select Sector Sold out 0.00% −0.36
NCLH Norwegian Cruise Line Holdin Sold out 0.00% −0.32
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.14
CAR Avis Budget Group Inc. Sold out 0.00% −0.11
WDC Western Digital Corp. Reduce -37.3% 0.84% −0.06
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.01

Portfolio Buys Q1 2026 → Q2 2026
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 6.45% +6.45
SPY SS SPDR S&P 500 ETF Trust-US Add +49.2% 65.28% +5.03
IJH iShares Core S&P Midcap ETF New 2.52% +2.52
RSP Invesco S&P 500 Equal Weight New 2.23% +2.23
GPC Genuine Parts Co. New 1.17% +1.17
VGNT Versigent PLC New 1.12% +1.12
BOOT Boot Barn Holdings Inc. New 0.77% +0.77
NXST Nexstar Media Group Inc. New 0.72% +0.72
WMG Warner Music Group Corp. Class A New 0.56% +0.56
FOXA Fox Corp. Class A New 0.44% +0.44
MU Micron Technology Inc. New 0.39% +0.39
GLD SPDR Gold Shares Add +422.1% 0.54% +0.35
AMD Advanced Micro Devices New 0.33% +0.33
ECHO Echostar Corp. Class A Add +196.2% 0.84% +0.32
SNDK Sandisk Corp. New 0.28% +0.28
MIDD Middleby Corp. New 0.27% +0.27
IGV iShares Expanded Tech-Softwa New 0.24% +0.24
EXPE Expedia Group Inc. New 0.13% +0.13
INTC Intel Corp. New 0.11% +0.11
HRI Herc Holdings Inc. Add +21.5% 0.93% +0.09
DRVN Driven Brands Holdings Inc. Add +45.8% 0.40% +0.01
PPLI People Inc. Add +28.6% 0.76% −0.05
BYD Boyd Gaming Corp. Add +28.6% 0.58% −0.08
BURL Burlington Stores Inc. Add +45.7% 0.91% −0.10
WH Wyndham Hotels & Resorts Inc. Add +2.3% 0.27% −0.13
CCL Carnival Corp. Ltd. Add +19.1% 0.65% −0.13
UBER Uber Technologies Inc. Add +28.7% 0.76% −0.17
VSNT Versant Media Group Inc. Add +0.5% 0.28% −0.17
TMUS T-Mobile US Inc. Add +49.7% 0.99% −0.32
WYNN WYNN Resorts Ltd. Add +19.1% 0.85% −0.33
META Meta Platforms Inc. Class A Add +0.2% 0.59% −0.36
CRH CRH PLC Add +16.3% 1.19% −0.40
RTO Rentokil Initial PLC-SP ADR Add +3.6% 0.75% −0.51

Options Activity Q1 2026 → Q2 2026
GDX Vaneck Gold Miners ETF call Sold out 270,584 $24.8Mbefore exit
EWJ iShares MSCI Japan ETF put Sold out 236,608 $20.0Mbefore exit
TSLA Tesla Inc. put Sold out 40,000 $14.9Mbefore exit
TSLA Tesla Inc. call Sold out 40,000 $14.9Mbefore exit
COPX Global X Copper Miners ETF call Sold out 82,000 $6.2Mbefore exit
XLP SS Consumer Staples Sel Sect put Sold out 45,732 $3.7Mbefore exit
KWEB Kranesh Csi China Internet call Sold out 126,800 $3.6Mbefore exit
WYNN WYNN Resorts Ltd. call New 30,000 $2.9M
SLV iShares Silver Trust call Sold out 39,684 $2.7Mbefore exit
KWEB Kranesh Csi China Internet put Sold out 84,576 $2.4Mbefore exit
BX Blackstone Inc. call Sold out 16,814 $1.9Mbefore exit
CSGP Costar Group Inc. call Sold out 35,444 $1.4Mbefore exit
KKR & CO INC (KKR 6.25 03/01/28 D) call Sold out 17,465 $701Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2026 → Q2 2026
AKAMAI TECHNOLOGIES INC (AKAM 0.25 05/15/33) NOTE 0.250% 5/1 · principal New 1,000,000 $1.5M
SOUTHERN CO (SO 3.25 06/15/28) NOTE 3.250% 6/1 · principal New 1,089,000 $1.1M
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal New 1,000,000 $1.0M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 43$382.0MSPY, HYG, IJH, RSP, CRH
Q1 2026 44$241.7MSPY, EMB, VISN, EEM, CRH
Q4 2025 39$426.2MSPY, LQD, RTO, H, VISN
Q3 2025 42$388.0MSPY, IJH, PPLI, H, WDC
Q2 2025 43$498.2MSPY, VCSH, HYG, RSP, WDC
Q1 2025 34$281.2MHYG, BKLN, CHTR, HRI, WDC
Q4 2024 26$330.2MSPY, BKLN, EXPE, ACI, CRH
Q3 2024 31$182.5MBKLN, HRI, RTO, EXPE, CRH
Q2 2024 38$213.2MBKLN, WDC, IEF, NEE, T
Q1 2024 41$246.4MBKLN, IEF, NEE, WDC, ECHO