Graham Capital Management’s Appian APPN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-6,105	Closed	-$216K	–	1150
2025 Q4	$216K	Sell	6,105 -5,049	-45%	-$180K	0.01%	1012
2025 Q3	$341K	Sell	11,154 -18,150	-62%	-$545K	0.01%	800
2025 Q2	$875K	Sell	29,304 -6,477	-18%	-$194K	0.01%	620
2025 Q1	$1.03M	Buy	35,781 +8,935	+33%	+$292K	0.02%	537
2024 Q4	$885K	Buy	26,846 +106	+0.4%	+$3.79K	0.01%	532
2024 Q3	$913K	Buy	+26,740	New	+$866K	0.02%	489
2023 Q4	–	Sell	-12,283	Closed	-$560K	–	989
2023 Q3	$560K	Buy	+12,283	New	+$588K	0.01%	529
2023 Q1	–	Sell	-56,122	Closed	-$1.83M	–	1044
2022 Q4	$1.83M	Buy	56,122 +42,522	+313%	+$1.68M	0.06%	312
2022 Q3	$555K	Sell	13,600 -869	-6%	-$42.2K	0.02%	717
2022 Q2	$685K	Buy	+14,469	New	+$727K	0.03%	559