We are live on ! Find out more
GCM

Graham Capital Management Portfolio holdings

AUM $4.14B
1-Year Est. Return 17.82%
This Fund
S&P 500
This Quarter Est. Return
+7.17%
1 Year Est. Return
+17.82%
3 Year Est. Return
+41.13%
5 Year Est. Return
+43.39%
10 Year Est. Return
+274.46%
AUM
$6.32B
AUM Growth
-$299M
Cap. Flow
-$1.27B
Cap. Flow %
-20.09%
Top 10 Hldgs %
55.44%
Holding
1,726
New
458
Increased
249
Reduced
476
Closed
529

Top Buys

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$42.9M
2
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$20.3M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$13.4M
4
BBIO icon
BridgeBio Pharma
BBIO
+$12.4M
5
EWY icon
iShares MSCI South Korea ETF
EWY
+$12.3M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$16M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$15.8M
3
CAT icon
Caterpillar
CAT
+$15.8M
4
ICE icon
Intercontinental Exchange
ICE
+$13.1M
5
CVX icon
Chevron
CVX
+$12.9M

Sector Composition

Rank Sector Weight
1 Industrials 3.84%
2 Technology 3.72%
3 Financials 3.06%
4 Consumer Discretionary 2.78%
5 Healthcare 2.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TTAN
376
ServiceTitan Inc
TTAN
$8.19B
$990K 0.02%
9,821
-4,465
-31% -$490K
WSM icon
377
Williams-Sonoma
WSM
$29.6B
$987K 0.02%
+5,050
New +$965K
AEVA
378
Aeva Technologies
AEVA
$1.86B
$984K 0.02%
+67,867
New +$1.29M
CRH icon
379
CRH
CRH
$66.8B
$984K 0.02%
8,207
-14,834
-64% -$1.57M
W icon
380
Wayfair
W
$14.6B
$980K 0.02%
+10,976
New +$804K
BKU icon
381
Bankunited
BKU
$3.36B
$980K 0.02%
+25,671
New +$972K
PSIX
382
Power Solutions International
PSIX
$942M
$971K 0.02%
+9,890
New +$877K
RBRK icon
383
Rubrik
RBRK
$18.5B
$971K 0.02%
11,800
-65,702
-85% -$5.65M
NRG icon
384
NRG Energy
NRG
$24.8B
$970K 0.02%
+5,990
New +$933K
ENPH icon
385
Enphase Energy
ENPH
$5.53B
$966K 0.02%
27,305
-37,309
-58% -$1.39M
DV icon
386
DoubleVerify
DV
$2.03B
$959K 0.02%
80,054
+65,460
+449% +$971K
CELC icon
387
Celcuity
CELC
$4.52B
$956K 0.02%
+19,346
New +$774K
EL icon
388
Estee Lauder
EL
$32B
$943K 0.01%
+10,704
New +$953K
RARE icon
389
Ultragenyx Pharmaceutical
RARE
$2.55B
$943K 0.01%
31,334
-78,754
-72% -$2.36M
ASM
390
Avino Silver & Gold Mines
ASM
$1.2B
$942K 0.01%
+179,454
New +$723K
APTV icon
391
Aptiv
APTV
$10.3B
$926K 0.01%
10,745
-13,306
-55% -$1M
UE icon
392
Urban Edge Properties
UE
$2.73B
$922K 0.01%
+45,047
New +$898K
ADM icon
393
Archer Daniels Midland
ADM
$36.9B
$922K 0.01%
+15,428
New +$903K
TDS icon
394
Telephone and Data Systems
TDS
$3.75B
$919K 0.01%
+23,427
New +$902K
NMIH icon
395
NMI Holdings
NMIH
$3.36B
$916K 0.01%
23,886
-11,201
-32% -$438K
MARA icon
396
CALL
Marathon Digital Holdings
MARA
$3.9B
$913K 0.01%
+50,000
New +$843K
EFX icon
397
Equifax
EFX
$21.4B
$910K 0.01%
3,548
-11,748
-77% -$2.95M
SNA icon
398
Snap-on
SNA
$21.5B
$907K 0.01%
+2,616
New +$856K
WH icon
399
Wyndham Hotels & Resorts
WH
$5.48B
$906K 0.01%
+11,336
New +$976K
TMDX icon
400
Transmedics
TMDX
$2.91B
$904K 0.01%
8,055
-12,558
-61% -$1.47M
14 15
16
17 18

Similar funds

SP
Stockbridge Partners Boston, Massachusetts $4.14B AUM 16.9% 1-Year Est. Return
BOK
Bank of Korea Seoul, South Korea $4.13B AUM
ZP
Zimmer Partners New York $4.15B AUM 14.2% 1-Year Est. Return
SHCM
Sachem Head Capital Management New York $4.15B AUM 48.05% 1-Year Est. Return
AP
Altarock Partners West Palm Beach, Florida $4.13B AUM 0.04% 1-Year Est. Return
BHC
Bowen Hanes & Co Ponte Vedra Beach, Florida $4.11B AUM 41.61% 1-Year Est. Return
BG
Bellevue Group Kuesnacht, Switzerland $4.2B AUM 54.85% 1-Year Est. Return
MGP
Metis Global Partners San Diego, California $4.07B AUM 30.82% 1-Year Est. Return

Graham Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Graham Capital Management held 1,726 positions worth $6.32B, down 4.5% from $6.62B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Graham Capital Management withdrew a net $1.27B in Q3 2025, closing 529 positions and reducing 476 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $16M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Technology and Financials.

Against the trend, Graham Capital Management opened a new position in iShares Russell 2000 ETF worth $14.1M.

  • Graham Capital Management's largest Q3 2025 buy was iShares Russell 2000 ETF: 58,400 shares worth $14.1M.
  • Graham Capital Management added most to VanEck Gold Miners ETF in Q3 2025, an estimated $42.9M increase.
  • Graham Capital Management's biggest Q3 2025 reduction was iShares Bitcoin Trust, cutting an estimated $15.8M.
  • Graham Capital Management fully exited iShares MSCI Emerging Markets ETF in Q3 2025, selling an estimated $16M.
  • Graham Capital Management's ten largest holdings make up 55% of its $6.32B portfolio in Q3 2025.
  • Graham Capital Management opened 458 new positions and closed 529 in Q3 2025.
  • Graham Capital Management's portfolio value fell 4.5% quarter-over-quarter to $6.32B.

Based on Graham Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.