Graham Capital Management’s Iridium Communications IRDM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-41,369	Closed	-$722K	–	1412
2025 Q3	$722K	Buy	41,369 +5,100	+14%	+$126K	0.03%	475
2025 Q2	$1.09M	Buy	36,269 +3,695	+11%	+$96.1K	0.03%	559
2025 Q1	$890K	Buy	32,574 +9,121	+39%	+$267K	0.03%	590
2024 Q4	$681K	Sell	23,453 -34,326	-59%	-$1.02M	0.02%	621
2024 Q3	$1.76M	Buy	57,779 +25,650	+80%	+$699K	0.06%	313
2024 Q2	$855K	Sell	32,129 -12,435	-28%	-$350K	0.03%	448
2024 Q1	$1.17M	Buy	+44,564	New	+$1.45M	0.03%	381
2023 Q3	–	Sell	-3,320	Closed	-$206K	–	1156
2023 Q2	$206K	Buy	+3,320	New	+$205K	0.01%	808
2023 Q1	–	Sell	-11,074	Closed	-$569K	–	1189
2022 Q4	$569K	Buy	+11,074	New	+$556K	0.02%	726
2022 Q3	–	Sell	-10,507	Closed	-$394K	–	1173
2022 Q2	$394K	Sell	10,507 -12,953	-55%	-$483K	0.02%	747
2022 Q1	$945K	Buy	+23,460	New	+$883K	0.04%	325
2018 Q2	–	Hold	0	–	–	–	133
2018 Q1	–	Hold	0	–	–	–	127