Graham Capital Management’s SPDR Gold Trust GLD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Hold	0	–	–	–	1306
2025 Q2	–	Hold	0	–	–	–	1410
2025 Q1	–	Hold	0	–	–	–	1374
2024 Q4	–	Hold	0	–	–	–	1330
2021 Q1	–	Hold	0	–	–	–	153
2020 Q4	–	Hold	0	–	–	–	126
2020 Q3	–	Hold	0	–	–	–	97
2020 Q2	–	Sell	-20,000	Closed	-$3.23M	–	87
2020 Q1	$2.96M	Buy	+20,000	New	+$2.98M	0.37%	52
2019 Q4	–	Hold	0	–	–	–	89
2019 Q3	–	Hold	0	–	–	–	103
2019 Q2	–	Hold	0	–	–	–	98
2019 Q1	–	Hold	0	–	–	–	91
2018 Q4	–	Sell	-10,000,000	Closed	-$1.16B	–	95
2018 Q3	$1.13B	Buy	+10,000,000	New	+$1.15B	23.47%	2
2018 Q2	–	Hold	0	–	–	–	129
2018 Q1	–	Hold	0	–	–	–	121
2017 Q4	–	Hold	0	–	–	–	124
2017 Q3	–	Hold	0	–	–	–	74
2017 Q2	–	Hold	0	–	–	–	96
2017 Q1	–	Hold	0	–	–	–	109
2016 Q4	–	Hold	0	–	–	–	97
2016 Q3	–	Hold	0	–	–	–	114
2016 Q2	–	Hold	0	–	–	–	115
2016 Q1	–	Hold	0	–	–	–	113
2014 Q2	–	Sell	-2,000	Closed	-$247K	–	167
2014 Q1	$247K	Buy	+2,000	New	+$249K	0.02%	100
2013 Q4	–	Hold	0	–	–	–	135
2013 Q3	–	Sell	-40,100	Closed	-$5.15M	–	117
2013 Q2	$4.78M	Buy	+40,100	New	+$5.49M	0.62%	41