Latest III Capital Management Stock Portfolio

III Capital Management Performance:

2025 Q4: 2.22%YTD: 6.75%2024: 4.1%

Performance for 2025 Q4 is 2.22%, and YTD is 6.75%, and 2024 is 4.1%.

About III Capital Management and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, III Capital Management reported an equity portfolio of $679.4 Millions as of 31 Dec, 2025.

The top stock holdings of III Capital Management are SPY, IJR, RTO. The fund has invested 44% of it's portfolio in SPDR S&P 500 ETF TR and 3.7% of portfolio in ISHARES TR.

The fund managers got completely rid off ISHARES TR (IJR), IAC INC (IAC) and AT&T INC (T) stocks. They significantly reduced their stock positions in SELECT SECTOR SPDR TR (XLB), OUTFRONT MEDIA INC (OUT) and WESTERN DIGITAL CORP (WDC). III Capital Management opened new stock positions in ISHARES TR (IJR), COMMSCOPE HLDG CO INC (COMM) and BOOKING HOLDINGS INC (BKNG). The fund showed a lot of confidence in some stocks as they added substantially to SPDR GOLD TR (GLD), LUCID GROUP INC (LCID) and WYNDHAM HOTELS & RESORTS INC (WH).

III Capital Management Annual Return Estimates Vs S&P 500

Our best estimate is that III Capital Management made a return of 2.22% in the last quarter. In trailing 12 months, it's portfolio return was 6.75%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ishares tr	25,233,500
commscope hldg co inc	5,076,400
booking holdings inc	4,284,260
boyd gaming corp	4,176,760
t-mobile us inc	4,060,800
kraneshares trust	3,915,750
pitney bowes inc	2,959,600
kimberly-clark corp	2,623,140

New stocks bought by III Capital Management

Additions

Ticker	% Inc.
spdr gold tr	333
lucid group inc	261
wyndham hotels & resorts inc	135
norwegian cruise line hldg l	88.15
albertsons cos inc	78.92
meta platforms inc	75.00
mohawk inds inc	40.2
uber technologies inc	35.8

Additions to existing portfolio by III Capital Management

Reductions

Ticker	% Reduced
select sector spdr tr	-91.61
outfront media inc	-83.3
western digital corp	-55.63
kraft heinz co	-36.24
charter communications inc n	-25.00
ralph lauren corp	-17.93
borgwarner inc	-9.45
hyatt hotels corp	-5.57

III Capital Management reduced stake in above stock

Sold off

Ticker	$ Sold
iac inc	-6,132,600
at&t inc	-4,618,650
ishares tr	-7,309,120
caesars entertainment inc ne	-2,138,650
carnival corp	-1,734,600
warner bros discovery inc	-1,171,800
dollar tree inc	-3,302,950
pinterest inc	-1,125,950

III Capital Management got rid off the above stocks

Sector Distribution

III Capital Management has about 81.2% of it's holdings in Others sector.

Sector	%
Others	81.2
Consumer Cyclical	9.7
Technology	3.5
Communication Services	2.5
Consumer Defensive	1.8

Market Cap. Distribution

III Capital Management has about 8.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	81.2
MID-CAP	8.7
LARGE-CAP	7.1
MEGA-CAP	1.6

Stocks belong to which Index?

About 12.8% of the stocks held by III Capital Management either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	87.2
S&P 500	8.6
RUSSELL 2000	4.2

Top 5 Winners (%)		%
XLB	select sector spdr tr	53.2 %
SATS	echostar corp	42.4 %
WDC	western digital corp	31.4 %
OUT	outfront media inc	18.4 %
MAT	mattel inc	17.4 %

Top 5 Winners ($)		$
SPY	spdr s&p 500 etf tr	6.7 M
WDC	western digital corp	1.6 M
XLB	select sector spdr tr	1.5 M
SATS	echostar corp	0.8 M
OUT	outfront media inc	0.8 M

Top 5 Losers (%)		%
LCID	lucid group inc	-44.4 %
	six flags entertainment corp	-31.8 %
BBAI	bigbear ai hldgs inc	-23.9 %
CHTR	charter communications inc n	-21.1 %
CAR	avis budget group	-19.3 %

Top 5 Losers ($)		$
MHK	mohawk inds inc	-0.7 M
CHTR	charter communications inc n	-0.7 M
UBER	uber technologies inc	-0.7 M
	six flags entertainment corp	-0.6 M
CNK	cinemark hldgs inc	-0.4 M

III Capital Management Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of III Capital Management

III Capital Management has 40 stocks in it's portfolio. About 53.4% of the portfolio is in top 10 stocks. MHK proved to be the most loss making stock for the portfolio. SPY was the most profitable stock for III Capital Management last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACI	albertsons cos inc	0.54	215,370	3,697,900	added	78.92

BBAI	bigbear ai hldgs inc	0.01	34,000	54,570	unchanged	0.00

BIL	spdr series trust	0.00	0.00	0.00	sold off	-100

BKNG	booking holdings inc	0.63	800	4,284,260	new

BNDD	kraneshares trust	0.58	115,000	3,915,750	new

BOX	box inc	0.26	1,820,000	1,775,470	unchanged	0.00

BWA	borgwarner inc	0.64	95,810	4,317,200	reduced	-9.45

BYD	boyd gaming corp	0.62	49,000	4,176,760	new

CAR	avis budget group	0.19	10,000	1,283,200	added	11.11

CCL	carnival corp	0.00	0.00	0.00	sold off	-100

CHTR	charter communications inc n	0.28	9,000	1,878,750	reduced	-25.00

CNK	cinemark hldgs inc	0.29	85,000	1,975,400	unchanged	0.00

COMM	commscope hldg co inc	0.75	280,000	5,076,400	new

CRH	crh plc	0.00	0.00	0.00	sold off	-100

CZR	caesars entertainment inc ne	0.00	0.00	0.00	sold off	-100

DIS	disney walt co	0.00	0.00	0.00	sold off	-100

DLTR	dollar tree inc	0.00	0.00	0.00	sold off	-100

ETSY	etsy inc	0.16	20,000	1,108,800	new

GDEN	golden entmt inc	0.00	0.00	0.00	sold off	-100

GLD	spdr gold tr	0.12	2,066	818,776	added	333