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GCM
Graham Capital Management Portfolio holdings
AUM
$4.14B
1-Year Est. Return
17.82%
This Fund
S&P 500
This Quarter
Est. Return
-2.73%
1 Year Est. Return
+17.82%
3 Year Est. Return
+41.13%
5 Year Est. Return
+43.39%
10 Year Est. Return
+148.36%
AUM
$2.27B
AUM Growth
-$2.54B
(-53%)
Cap. Flow
-$3.12B
Cap. Flow
% of AUM
-137.36%
Top 10 Holdings %
Top 10 Hldgs %
80.99%
Holding
130
New
23
Increased
5
Reduced
5
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$33M |
| 2 |
Alibaba
BABA
|
+$29.4M |
| 3 |
Microsoft
MSFT
|
+$18M |
| 4 |
Bank of America
BAC
|
+$13.3M |
| 5 |
Alpha Metallurgical Resources
AMR
|
+$9.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.58B |
| 2 |
SPDR Gold Trust
GLD
|
+$1.16B |
| 3 |
Invesco QQQ Trust
QQQ
|
+$259M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$213M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$138M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 1.33% |
| 2 | Financials | 0.9% |
| 3 | Technology | 0.9% |
| 4 | Materials | 0.42% |
| 5 | Industrials | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Lee Enterprises
LEE
$175M
| $1.41M | 0.06% |
66,613
+20,000
| +43% | +$495K |
|
27
PUT
Teekay
TK
$1.03B
| $984K | 0.04% |
+294,800
| New | +$1.62M |
|
28
Talos Energy
TALO
$2.48B
| $858K | 0.04% |
+52,620
| New | +$1.24M |
|
|
GMLP
29
PUT
DELISTED
Golar LNG Partners LP
GMLP
| $810K | 0.04% |
+75,000
| New | +$986K |
|
30
Precigen
PGEN
$2.36B
| $789K | 0.03% |
120,700
| – | – |
|
|
NIHD
31
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $643K | 0.03% |
+146,000
| New | +$808K |
|
32
PUT
Carvana
CVNA
$72.7B
| $588K | 0.03% |
+90,000
| New | +$758K |
|
|
33
CALL
Teekay
TK
$1.03B
| $567K | 0.03% |
+170,000
| New | +$932K |
|
|
SDRL
34
DELISTED
Seadrill Limited Common Stock
SDRL
| $450K | 0.02% |
+46,199
| New | +$803K |
|
|
ACB
35
Aurora Cannabis
ACB
$175M
| $188K | 0.01% |
+317
| New | +$234K |
|
36
Apple
AAPL
$4.46T
| – | – |
-61,920
| Closed | -$3.49M |
|
37
Adobe
ADBE
$99.9B
| – | – |
-13,073
| Closed | -$3.53M |
|
38
Autodesk
ADSK
$49.6B
| – | – |
-22,946
| Closed | -$3.58M |
|
39
Ally Financial
ALLY
$13.4B
| – | – |
-127,671
| Closed | -$3.38M |
|
40
Amazon
AMZN
$3.06T
| – | – |
-35,200
| Closed | -$3.52M |
|
41
Baidu
BIDU
$38.3B
| – | – |
-15,821
| Closed | -$3.62M |
|
42
Booking.com
BKNG
$149B
| – | – |
-45,225
| Closed | -$3.59M |
|
43
Berkshire Hathaway Class B
BRK.B
$1.11T
| – | – |
-15,949
| Closed | -$3.41M |
|
44
Peabody Energy
BTU
$2.65B
| – | – |
-20,000
| Closed | -$712K |
|
45
Citigroup
C
$224B
| – | – |
-48,593
| Closed | -$3.49M |
|
46
Charter Communications
CHTR
$17.2B
| – | – |
-11,180
| Closed | -$3.64M |
|
47
Comcast
CMCSA
$87.2B
| – | – |
-94,722
| Closed | -$3.35M |
|
48
Salesforce
CRM
$152B
| – | – |
-22,788
| Closed | -$3.62M |
|
49
Delta Air Lines
DAL
$60.2B
| – | – |
-59,614
| Closed | -$3.45M |
|
50
DuPont de Nemours
DD
$19.1B
| – | – |
-19,478
| Closed | -$3.17M |
|
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Graham Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Graham Capital Management held 130 positions worth $2.27B, down 53% from $4.81B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Graham Capital Management withdrew a net $3.12B in Q4 2018, closing 65 positions and reducing 5 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $1.58B position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 1.3% of assets, up from 0.55% a quarter earlier, followed by Financials and Technology.
Against the trend, Graham Capital Management opened a new position in Alpha Metallurgical Resources worth $9.5M.
- Graham Capital Management's largest Q4 2018 buy was Alpha Metallurgical Resources: 144,584 shares worth $9.5M.
- Graham Capital Management added most to State Street Energy Select Sector SPDR ETF in Q4 2018, an estimated $33M increase.
- Graham Capital Management's biggest Q4 2018 reduction was iShares MSCI Brazil ETF, cutting an estimated $213M.
- Graham Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q4 2018, selling an estimated $1.58B.
- Graham Capital Management's ten largest holdings make up 81% of its $2.27B portfolio in Q4 2018.
- Graham Capital Management opened 23 new positions and closed 65 in Q4 2018.
- Graham Capital Management's portfolio value fell 53% quarter-over-quarter to $2.27B.
Based on Graham Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.