III Capital Management
III Capital Management ('triple-eye') is a Boca Raton, FL-based multi-strategy and multi-asset class alternative investment advisor, founded over 40 years ago, with over $85 billion in assets under management as of March 2025. The firm specializes in capital preservation and is defined by a tradition of character, ethics, and social responsibility. III Capital Management serves institutional clients globally and emphasizes innovation and disciplined risk management.
Investment Strategy
III Capital Management pursues a multi-strategy approach focused on identifying asymmetric risk-reward profiles, cheap optionality, and market inefficiencies. The firm aims to deploy capital in areas where traditional valuations may have overlooked opportunity, emphasizing rigorous risk control and innovative structuring across credit, volatility, and other alternative investments. Strategies are designed to maximize return while preserving capital through diversified asset classes and sophisticated risk management frameworks.
Top Holdings
Equity Positions (43)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 36.46% | $203.4M | 329,200 | $617.85 | $617.85 | +$203.4M |
V VCSH | VANGUARD SCOTTSDALE FDS | 30.79% | $171.7M | 2,160,000 | $79.50 | $79.50 | +$171.7M |
H HYG | ISHARES TR | 3.60% | $20.1M | 249,000 | $78.89 | $80.65 | -$84.8M |
R RSP | INVESCO EXCHANGE TRADED FD T | 1.63% | $9.1M | 50,000 | $181.74 | $181.74 | +$9.1M |
W WDC | WESTERN DIGITAL CORP | 0.95% | $5.3M | 82,900 | $42.63 | $63.99 | +$703.8K |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
L LCID | LUCID GROUP INC | Sold | Put | $2.2M | 10,369 | $21.10 | $33.51 | -13,994 | -$3.7M |
P PCG | PG&E CORP | Sold | Put | $1.1M | 800 | $13.94 | $17.93 | -2,040 | -$3.8M |
B BYND | BEYOND MEAT INC | Sold | Put | $104.0K | 298 | $3.49 | $3.05 | -33 | +$3.0K |