III Capital Management
SEC Form 13F institutional filer · CIK 0001783139
13F-HR · 18 reported holdings · 2026-03-31
Reported long-US-equity value
$0.18B
Top-10 concentration
95.2%
III Capital Management — $181M AUM allocation strategy
III Capital Management files SEC Form 13F and reports $181M of long US equity value across 18 reported holdings for 2026-03-31.
Its largest sector bet is Consumer Discretionary 7.1%, followed by Communication Services 5.3% and Materials 2.1%.
The top 10 holdings account for 95% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
III Capital Management — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$181M
total across 18 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
95% of value
higher = narrower conviction; lower = spread / hedging
Biggest trims (shares)
−$SPY −215K sh · −$154M−$NCLH −97.2K sh · −$2.32M−$RL −68.2K sh · −$3.1M
Exited to nil (held last quarter, gone now)
$XLE ($2.24M last qtr)$KHC ($1.28M last qtr)$NFLX ($563K last qtr)$XLP ($470K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Hotels, Resorts & Cruise Lines3.2%—
- Wireless Telecommunication Services2.4%—
- Apparel, Accessories & Luxury Goods2.4%—
- Construction Materials2.1%—
- Casinos & Gaming1.6%—
- Cable & Satellite1.4%—
- Interactive Media & Services1.3%—
- Passenger Ground Transportation1.2%—
- Other holdings84.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $RL | Ralph Lauren Corporation | 151K | $4.3M | -68.2K | 2.4% |
| $CRH | CRH PLC | 36.5K | $3.84M | — | 2.1% |
| $TMUS | T-Mobile US Inc | 15.1K | $3.17M | -4.91K | 1.8% |
| $BKNG | Booking Holdings Inc | 722 | $3.04M | -78 | 1.7% |
| $WYNN | Wynn Resorts Limited | 28.1K | $2.85M | — | 1.6% |
| $CHTR | Charter Communications Inc. Class A Common Stock New | 12K | $2.6M | +3.04K | 1.4% |
| $META | Meta Platforms Inc | 3.99K | $2.28M | +493 | 1.3% |
| $UBER | Uber Technologies Inc | 31.2K | $2.24M | -18.2K | 1.2% |
| $WDC | Western Digital Corporation | 7.98K | $2.16M | -10.5K | 1.2% |
…and 9 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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