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.
Latest 13F Filing Activity
III Capital Management filed their most recent 13F report on Jun 30, 2025 disclosing 43 equity positions and 3 options positions with a total 13F market value of $558M. The fund increased holdings in SPDR S&P 500 Etf TR, Vanguard Scottsdale FDS, Invesco Exchange Traded FD T among other positions. III Capital Management reduced exposure to Invesco Exch Traded FD TR II, Ishares TR, Vestis Corporation among others.
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)
Industry Allocation
Investment Team (9)
| Name | Role | Location | |
|---|---|---|---|
C Chris Wren | Rates Trader | Delray Beach, FL , United States | |
G Garth Friesen | Portfolio Manager | Boca Raton, FL , United States | |
 | Portfolio Manager | Boca Raton, FL , United States | |
A Amit Gandhi | Principal and Portfolio Manager | New York, NY , United States | |
G Gang Ning | Senior Quant Analyst, Rates Trading Desk | Boca Raton, FL , United States | |
 | Equity Derivatives Trader | New York, NY , United States | |
S Surya Kalia | Quantitative Analyst | Chicago, IL , United States | |
W Wesley W | Quantitative Researcher | Boca Raton, FL , United States | |
 | Quantitative Analyst | United States |