Graham Capital Management’s Phibro Animal Health PAHC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-11,650	Closed	-$245K	–	1431
2024 Q4	$245K	Buy	+11,650	New	+$245K	﹤0.01%	989
2023 Q1	–	Sell	-24,942	Closed	-$334K	–	1252
2022 Q4	$334K	Sell	24,942 -40,638	-62%	-$545K	0.01%	851
2022 Q3	$871K	Buy	+65,580	New	+$871K	0.03%	533