GCM

Graham Capital Management Portfolio holdings

AUM $3.15B

This Quarter Return

-1.65%

1 Year Return

+1.81%

3 Year Return

+5.81%

5 Year Return

+41.96%

10 Year Return

+55.18%

AUM

$3.15B

AUM Growth

-$86.5M (-3%)

Cap. Flow

+$206M

Cap. Flow % of AUM

6.52%

Top 10 Holdings %Top 10 Hldgs %

25.78%

Holding

1,552

New

362

Increased

582

Reduced

247

Closed

316

Top Buys

1	Utilities Select Sector SPDR Fund XLU	$22.2M
2	Mastercard MA	$17M
3	Pacer Developed Markets International Cash Cows 100 ETF ICOW	$15.6M
4	Citigroup C	$15.4M
5	Mercado Libre MELI	$12.9M

Top Sells

1	MicroStrategy MSTR	$34.1M
2	Hewlett Packard HPE	$18.5M
3	PepsiCo PEP	$18.1M
4	iShares TIPS Bond ETF TIP	$15.7M
5	Southern Company SO	$15M

Sector Composition

1	Financials	10.32%
2	Technology	10.06%
3	Industrials	7.87%
4	Consumer Discretionary	7.56%
5	Healthcare	5.76%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 iShares Bitcoin Trust IBIT $81.8B	$104M	1.81%	2,211,852 -136,037	-6%	-$6.37M
2	2 Utilities Select Sector SPDR Fund XLU $19.7B	$28M	0.49%	355,000 +281,000	+380%	+$22.2M
3	3 Citigroup C $169B	$20M	0.35%	281,047 +217,454	+342%	+$15.4M
4	4 CME Group CME $99.1B	$19.9M	0.35%	75,000	–	–
5	5 Meta Platforms (Facebook) META $1.79T	$19.9M	0.35%	34,465 -3,505	-9%	-$2.02M
6	6 3M MMM $84.3B	$19.1M	0.33%	130,090 +21,404	+20%	+$3.14M
7	7 Johnson & Johnson JNJ $373B	$19M	0.33%	114,555 +3,230	+3%	+$536K
8	8 Mastercard MA $500B	$17M	0.3%	+31,082	New	+$17M
9	9 Pacer Developed Markets International Cash Cows 100 ETF ICOW $1.15B	$15.6M	0.27%	+495,435	New	+$15.6M
10	10 iShares iBoxx $ High Yield Corporate Bond ETF HYG $17.1B	$14.5M	0.25%	184,200 -137,433	-43%	-$10.8M
11	11 Boeing BA $173B	$14.3M	0.25%	83,706 +6,400	+8%	+$1.09M
12	12 Mercado Libre MELI $121B	$14.1M	0.25%	7,214 +6,628	+1,131%	+$12.9M
13	13 Amazon AMZN $2.4T	$13.7M	0.24%	72,052 -27,818	-28%	-$5.29M
14	14 NVIDIA NVDA $4.16T	$13.7M	0.24%	126,065 -75,339	-37%	-$8.17M
15	15 Nu Holdings NU $65.3B	$12.9M	0.23%	1,264,296 +754,149	+148%	+$7.72M
16	16 Canadian Natural Resources CNQ $65.5B	$12.9M	0.23%	419,001 +152,883	+57%	+$4.71M
17	17 Reinsurance Group of America RGA $12.7B	$12.5M	0.22%	63,631 +22,406	+54%	+$4.41M
18	18 Cisco CSCO $266B	$12.4M	0.22%	200,855 +95,985	+92%	+$5.92M
19	19 Dollar General DG $24.9B	$12M	0.21%	136,339 +86,055	+171%	+$7.57M
20	20 Alphabet (Google) Class C GOOG $2.22T	$11.8M	0.21%	75,600 +16,033	+27%	+$2.5M
21	21 Home Depot HD $357B	$11.5M	0.2%	31,293 +16,793	+116%	+$6.15M
22	22 BP BP $82.6B	$11.2M	0.2%	330,057 +101,359	+44%	+$3.42M
23	23 Vanguard Growth ETF VUG $178B	$10.8M	0.19%	+29,000	New	+$10.8M
24	24 CMS Energy CMS $21B	$10.6M	0.18%	140,669 +60,978	+77%	+$4.58M
25	25 Embraer ERJ $9.79B	$10.5M	0.18%	227,859 -46,068	-17%	-$2.13M