# EDGAR Filing Document

**Accession Number:** 0001783139
**File Stem:** 0001783139-25-000006
**Filing Date:** 2025-8
**Character Count:** 9589
**Document Hash:** b60a95d408251148cd97ec2055befc03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001783139-25-000006.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001783139-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** III Capital Management
- **CENTRAL INDEX KEY:** 0001783139

**ORGANIZATION NAME:**
- **EIN:** 880302775
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19553
- **FILM NUMBER:** 251217374

**BUSINESS ADDRESS:**
- **STREET 1:** 777 YAMATO ROAD
- **STREET 2:** SUITE 300
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431
- **BUSINESS PHONE:** 561-544-4400

**MAIL ADDRESS:**
- **STREET 1:** 777 YAMATO ROAD
- **STREET 2:** SUITE 300
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** III Capital Management<br>**Address:** 777 YAMATO ROAD<br>SUITE 300<br>BOCA RATON, FL 33431

**Form 13F File Number:** 028-19553

**CRD Number (if applicable):** 000113539

**SEC File Number (if applicable):** 801-60505

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Scott Wyler<br>**Title:** Authorized Signatory<br>**Phone:** 561-544-4600

**Signature, Place, and Date of Signing:**

/s/ Scott Wyler  Boca Raton, FL  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 52

**Form 13F Information Table Value Total:** $557803404

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 | BBG009KG1750 | 4388040 | 204000 | SH |  | SOLE |  | 204000 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 | BBG006HFPX77 | 700160 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG000BSJK37 | 868200 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 | BBG000FLPRH1 | 1775025 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 | BBG003CVJP50 | 104002 | 29800 | SH | Put | SOLE |  | 29800 | 0 | 0 |
| BEYOND MEAT INC | NOTE 3/1 | 08862EAB5 | BBG00ZHF0G31 | 1438341 | 17405000 | PRN |  | SOLE |  | 17405000 | 0 | 0 |
| BIGBEAR AI HLDGS INC | *W EXP 12/08/202 | 08975B117 | BBG00ZVNPL58 | 98355 | 41588 | SH |  | SOLE |  | 41588 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 | BBG000BJ49H3 | 4419360 | 132000 | SH |  | SOLE |  | 132000 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 | BBG000BHX9P6 | 1173450 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CABLE ONE INC | COM | 12685J105 | BBG000F02T51 | 543240 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 | BBG0074Q3NK6 | 2836161 | 99900 | SH |  | SOLE |  | 99900 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 | BBG000VPGNR2 | 3474885 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| CRH PLC | ORD | G25508105 | BBG000D3JXM1 | 5098021 | 55534 | SH |  | SOLE |  | 55534 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 | BBG000BSC0K9 | 3961600 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| DRIVEN BRANDS HLDGS INC | COM | 26210V102 | BBG00YN8NCD6 | 4390000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 | BBG000QY3XZ2 | 843400 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| GOLDEN ENTMT INC | COM | 381013101 | BBG000BCV1L0 | 501134 | 17028 | SH |  | SOLE |  | 17028 | 0 | 0 |
| HERC HLDGS INC | COM | 42704L104 | BBG000FNRZ69 | 5263517 | 39969 | SH |  | SOLE |  | 39969 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 | BBG000CVRFS4 | 4817925 | 34500 | SH |  | SOLE |  | 34500 | 0 | 0 |
| INNOVIVA INC | NOTE 2.500% 8/1 | 45781MAB7 | BBG00HBWGVV9 | 26233289 | 22543000 | PRN |  | SOLE |  | 22543000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2MY7 | 9087000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG000R2T3H9 | 20081850 | 249000 | SH |  | SOLE |  | 249000 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTQ2 | 1983750 | 76830 | SH |  | SOLE |  | 76830 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 | BBG00W7F99V5 | 2187859 | 1036900 | SH | Put | SOLE |  | 1036900 | 0 | 0 |
| LUCID GROUP INC | COM | 549498103 | BBG00W7F99V5 | 198340 | 94000 | SH |  | SOLE |  | 94000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 4428540 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 | BBG000GQJPZ0 | 238495 | 590 | SH |  | SOLE |  | 590 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 | BBG000FLZN98 | 1572600 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 | BBG000DZJVH0 | 1556550 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 | BBG000BSRN78 | 1735968 | 85600 | SH |  | SOLE |  | 85600 | 0 | 0 |
| OUTFRONT MEDIA INC | COM NEW | 69007J304 | BBG004S69ZX4 | 4729846 | 289819 | SH |  | SOLE |  | 289819 | 0 | 0 |
| PG CORP | COM | 69331C108 | BBG000BQWPC5 | 1115200 | 80000 | SH | Put | SOLE |  | 80000 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 | BBG000BS0ZF1 | 1645680 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| RENTOKIL INITIAL PLC | SPONSORED ADR | 760125104 | BBG000BVPG41 | 2688720 | 112030 | SH |  | SOLE |  | 112030 | 0 | 0 |
| SEAGATE HDD CAYMAN | NOTE 3.500% 6/0 | 81180WBL4 | BBG01J7F45G3 | 4586424 | 2547000 | PRN |  | SOLE |  | 2547000 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | BBG000BJ29X7 | 418960 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 | BBG000BJ10N8 | 1562721 | 19300 | SH |  | SOLE |  | 19300 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 | BBG000BJ7HX4 | 326640 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| SIX FLAGS ENTERTAINMENT CORP | COM | 83001C108 | BBG01K8GRMX6 | 4833775 | 158849 | SH |  | SOLE |  | 158849 | 0 | 0 |
| SOUTHERN CO | NOTE 4.500% 6/1 | 842587DZ7 | BBG01MRBPYK2 | 18116920 | 16482000 | PRN |  | SOLE |  | 16482000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG000BDTBL9 | 203396220 | 329200 | SH |  | SOLE |  | 329200 | 0 | 0 |
| SPIRIT AVIATION HLDGS INC | COM | 84863V101 | BBG01SWN9252 | 487388 | 97673 | SH |  | SOLE |  | 97673 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 | BBG000BY29C7 | 1844010 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 2393798 | 25657 | SH |  | SOLE |  | 25657 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 | BBG000BL79J3 | 3989700 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG000PWXXY5 | 171720000 | 2160000 | SH |  | SOLE |  | 2160000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG000HS77T5 | 1947150 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| VESTIS CORPORATION | COM SHS | 29430C102 | BBG000FJWF20 | 465510 | 81241 | SH |  | SOLE |  | 81241 | 0 | 0 |
| WEC ENERGY GROUP INC | NOTE 4.375% 6/0 | 92939UAR7 | BBG01N0Q5D97 | 5765354 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 | BBG000BWNFZ9 | 5304771 | 82900 | SH |  | SOLE |  | 82900 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 | BBG000FSMWC3 | 2123810 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 | BBG000LD9JQ8 | 2341750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |

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