III Capital Management Hedge Fund

CIK: 0001783139 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $552,379 (74.2% shares, 25.8% debt)

Holdings (44)

HYG ISHARES TR 21.4%

Value ($000) $117,952 Shares 1,500,000 Est. Cost $78.89 Unrealized —

HYG ISHARES TR 19.0%

Value ($000) $104,924 Shares 1,330,000 Est. Cost $78.89 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 17.7%

Value ($000) $97,696 Shares 4,719,614 Est. Cost $21.11 Unrealized —

— BOOKING HOLDINGS INC 12.3%

Value ($000) $68,120 Shares 27,714,000 Est. Cost $1.79 Unrealized —

— BENTLEY SYS INC 6.2%

Value ($000) $34,379 Shares 35,605,000 Est. Cost $1.00 Unrealized —

— INNOVIVA INC 6.0%

Value ($000) $33,182 Shares 29,842,000 Est. Cost $1.09 Unrealized —

— LUCID GROUP INC 1.1%

Value ($000) $5,896 Shares 2,436,300 Est. Cost $3.02 Unrealized —

CHTR CHARTER COMMUNICATIONS INC N 0.9%

Value ($000) $4,975 Shares 13,500 Est. Cost $355.17 Unrealized +0.7%

HRI HERC HLDGS INC 0.9%

Value ($000) $4,951 Shares 36,872 Est. Cost $147.27 Unrealized +13.1%

PCG PG&E CORP 0.9%

Value ($000) $4,879 Shares 284,000 Est. Cost — Unrealized —

WDC WESTERN DIGITAL CORP 0.8%

Value ($000) $4,601 Shares 113,800 Est. Cost $44.92 Unrealized +5.2%

DRVN DRIVEN BRANDS HLDGS INC 0.8%

Value ($000) $4,285 Shares 250,000 Est. Cost $16.35 Unrealized 0.0%

— SEAGATE HDD CAYMAN 0.8%

Value ($000) $4,274 Shares 3,547,000 Est. Cost $1.44 Unrealized —

FUN SIX FLAGS ENTERTAINMENT CORP 0.8%

Value ($000) $4,263 Shares 119,516 Est. Cost $44.41 Unrealized -4.2%

VSTS VESTIS CORPORATION 0.7%

Value ($000) $4,071 Shares 411,241 Est. Cost $13.97 Unrealized -5.0%

ACI ALBERTSONS COS INC 0.7%

Value ($000) $4,068 Shares 185,000 Est. Cost $18.22 Unrealized +9.6%

META META PLATFORMS INC 0.7%

Value ($000) $4,035 Shares 7,000 Est. Cost $532.21 Unrealized +20.9%

BWA BORGWARNER INC 0.7%

Value ($000) $4,011 Shares 140,000 Est. Cost $29.92 Unrealized 0.0%

OUT OUTFRONT MEDIA INC 0.7%

Value ($000) $3,629 Shares 224,874 Est. Cost $16.14 Unrealized —

RTO RENTOKIL INITIAL PLC 0.7%

Value ($000) $3,596 Shares 157,030 Est. Cost $28.35 Unrealized —

CAR AVIS BUDGET GROUP 0.6%

Value ($000) $3,416 Shares 45,000 Est. Cost $86.62 Unrealized -7.2%

WYNN WYNN RESORTS LTD 0.5%

Value ($000) $2,505 Shares 30,000 Est. Cost $91.07 Unrealized -7.1%

— BEYOND MEAT INC 0.4%

Value ($000) $2,388 Shares 19,546,000 Est. Cost $0.37 Unrealized —

CRH CRH PLC 0.4%

Value ($000) $2,334 Shares 26,534 Est. Cost $66.80 Unrealized +46.2%

UBER UBER TECHNOLOGIES INC 0.4%

Value ($000) $2,186 Shares 30,000 Est. Cost $72.04 Unrealized 0.0%

H HYATT HOTELS CORP 0.4%

Value ($000) $2,144 Shares 17,500 Est. Cost $154.42 Unrealized -7.2%

URBN URBAN OUTFITTERS INC 0.4%

Value ($000) $2,096 Shares 40,000 Est. Cost $54.81 Unrealized 0.0%

CZR CAESARS ENTERTAINMENT INC NE 0.4%

Value ($000) $1,998 Shares 79,900 Est. Cost $39.75 Unrealized -18.2%

TPR TAPESTRY INC 0.3%

Value ($000) $1,901 Shares 27,000 Est. Cost $74.57 Unrealized 0.0%

NXST NEXSTAR MEDIA GROUP INC 0.3%

Value ($000) $1,792 Shares 10,000 Est. Cost $158.07 Unrealized -1.9%

WBD WARNER BROS DISCOVERY INC 0.3%

Value ($000) $1,663 Shares 155,000 Est. Cost $10.46 Unrealized 0.0%

— LANDSEA HOMES CORP 0.3%

Value ($000) $1,642 Shares 255,815 Est. Cost $9.47 Unrealized —

XLP SELECT SECTOR SPDR TR 0.3%

Value ($000) $1,576 Shares 19,300 Est. Cost $77.05 Unrealized —

CCOI COGENT COMMUNICATIONS HLDGS 0.2%

Value ($000) $1,226 Shares 20,000 Est. Cost $69.28 Unrealized 0.0%

DLTR DOLLAR TREE INC 0.2%

Value ($000) $1,126 Shares 15,000 Est. Cost $71.51 Unrealized 0.0%

EXPE EXPEDIA GROUP INC 0.2%

Value ($000) $1,009 Shares 6,000 Est. Cost $132.83 Unrealized +36.1%

KHC KRAFT HEINZ CO 0.2%

Value ($000) $969 Shares 31,830 Est. Cost $31.31 Unrealized -9.5%

NCLH NORWEGIAN CRUISE LINE HLDG L 0.2%

Value ($000) $865 Shares 45,600 Est. Cost $19.45 Unrealized +23.8%

BKNG BOOKING HOLDINGS INC 0.1%

Value ($000) $461 Shares 100 Est. Cost $4749.08 Unrealized 0.0%

GDEN GOLDEN ENTMT INC 0.1%

Value ($000) $449 Shares 17,028 Est. Cost $29.77 Unrealized -0.3%

LZ LEGALZOOM COM INC 0.1%

Value ($000) $431 Shares 50,000 Est. Cost $8.95 Unrealized 0.0%

— LUCID GROUP INC 0.1%

Value ($000) $280 Shares 115,527 Est. Cost $3.02 Unrealized —

BYND BEYOND MEAT INC 0.0%

Value ($000) $101 Shares 33,100 Est. Cost — Unrealized —

BBAI/WS BIGBEAR AI HLDGS INC 0.0%

Value ($000) $36 Shares 42,900 Est. Cost $0.88 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	1,500,000	$117,952	21.4%	$78.89	—	Call	464288513
HYG	ISHARES TR	1,330,000	$104,924	19.0%	$78.89	—	IBOXX HI YD ETF	464288513
BKLN	INVESCO EXCH TRADED FD TR II	4,719,614	$97,696	17.7%	$21.11	—	SR LN ETF	46138G508
—	BOOKING HOLDINGS INC	27,714,000	$68,120	12.3%	$1.79	—	NOTE 0.750% 5/0	09857LAN8
—	BENTLEY SYS INC	35,605,000	$34,379	6.2%	$1.00	—	NOTE 0.125% 1/1	08265TAB5
—	INNOVIVA INC	29,842,000	$33,182	6.0%	$1.09	—	NOTE 2.500% 8/1	45781MAB7
—	LUCID GROUP INC	2,436,300	$5,896	1.1%	$3.02	—	Put	549498103
CHTR	CHARTER COMMUNICATIONS INC N	13,500	$4,975	0.9%	$355.17	+0.7%	CL A	16119P108
HRI	HERC HLDGS INC	36,872	$4,951	0.9%	$147.27	+13.1%	COM	42704L104
PCG	PG&E CORP	284,000	$4,879	0.9%	—	—	Put	69331C108
WDC	WESTERN DIGITAL CORP	113,800	$4,601	0.8%	$44.92	+5.2%	COM	958102105
DRVN	DRIVEN BRANDS HLDGS INC	250,000	$4,285	0.8%	$16.35	0.0%	COM	26210V102
—	SEAGATE HDD CAYMAN	3,547,000	$4,274	0.8%	$1.44	—	NOTE 3.500% 6/0	81180WBL4
FUN	SIX FLAGS ENTERTAINMENT CORP	119,516	$4,263	0.8%	$44.41	-4.2%	COM	83001C108
VSTS	VESTIS CORPORATION	411,241	$4,071	0.7%	$13.97	-5.0%	COM SHS	29430C102
ACI	ALBERTSONS COS INC	185,000	$4,068	0.7%	$18.22	+9.6%	COMMON STOCK	013091103
META	META PLATFORMS INC	7,000	$4,035	0.7%	$532.21	+20.9%	CL A	30303M102
BWA	BORGWARNER INC	140,000	$4,011	0.7%	$29.92	0.0%	COM	099724106
OUT	OUTFRONT MEDIA INC	224,874	$3,629	0.7%	$16.14	—	COM NEW	69007J304
RTO	RENTOKIL INITIAL PLC	157,030	$3,596	0.7%	$28.35	—	SPONSORED ADR	760125104
CAR	AVIS BUDGET GROUP	45,000	$3,416	0.6%	$86.62	-7.2%	COM	053774105
WYNN	WYNN RESORTS LTD	30,000	$2,505	0.5%	$91.07	-7.1%	COM	983134107
—	BEYOND MEAT INC	19,546,000	$2,388	0.4%	$0.37	—	NOTE 3/1	08862EAB5
CRH	CRH PLC	26,534	$2,334	0.4%	$66.80	+46.2%	ORD	G25508105
UBER	UBER TECHNOLOGIES INC	30,000	$2,186	0.4%	$72.04	0.0%	COM	90353T100
H	HYATT HOTELS CORP	17,500	$2,144	0.4%	$154.42	-7.2%	COM CL A	448579102
URBN	URBAN OUTFITTERS INC	40,000	$2,096	0.4%	$54.81	0.0%	COM	917047102
CZR	CAESARS ENTERTAINMENT INC NE	79,900	$1,998	0.4%	$39.75	-18.2%	COM	12769G100
TPR	TAPESTRY INC	27,000	$1,901	0.3%	$74.57	0.0%	COM	876030107
NXST	NEXSTAR MEDIA GROUP INC	10,000	$1,792	0.3%	$158.07	-1.9%	COMMON STOCK	65336K103
WBD	WARNER BROS DISCOVERY INC	155,000	$1,663	0.3%	$10.46	0.0%	COM SER A	934423104
—	LANDSEA HOMES CORP	255,815	$1,642	0.3%	$9.47	—	COM	51509P103
XLP	SELECT SECTOR SPDR TR	19,300	$1,576	0.3%	$77.05	—	SBI CONS STPLS	81369Y308
CCOI	COGENT COMMUNICATIONS HLDGS	20,000	$1,226	0.2%	$69.28	0.0%	COM NEW	19239V302
DLTR	DOLLAR TREE INC	15,000	$1,126	0.2%	$71.51	0.0%	COM	256746108
EXPE	EXPEDIA GROUP INC	6,000	$1,009	0.2%	$132.83	+36.1%	COM NEW	30212P303
KHC	KRAFT HEINZ CO	31,830	$969	0.2%	$31.31	-9.5%	COM	500754106
NCLH	NORWEGIAN CRUISE LINE HLDG L	45,600	$865	0.2%	$19.45	+23.8%	SHS	G66721104
BKNG	BOOKING HOLDINGS INC	100	$461	0.1%	$4749.08	0.0%	COM	09857L108
GDEN	GOLDEN ENTMT INC	17,028	$449	0.1%	$29.77	-0.3%	COM	381013101
LZ	LEGALZOOM COM INC	50,000	$431	0.1%	$8.95	0.0%	COM	52466B103
—	LUCID GROUP INC	115,527	$280	0.1%	$3.02	—	COM	549498103
BYND	BEYOND MEAT INC	33,100	$101	0.0%	—	—	Put	08862E109
BBAI/WS	BIGBEAR AI HLDGS INC	42,900	$36	0.0%	$0.88	—	*W EXP 12/08/202	08975B117