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
+1.47%
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
$4.18B
AUM Growth
-$2.14B
Cap. Flow
-$1.72B
Cap. Flow %
-41.09%
Top 10 Hldgs %
35.08%
Holding
1,653
New
441
Increased
361
Reduced
355
Closed
464

Top Buys

Rank Stock Value
1
CIFR icon
Cipher Digital
CIFR
+$39.9M
2
NFLX icon
Netflix
NFLX
+$38M
3
EWC icon
iShares MSCI Canada ETF
EWC
+$35M
4
UPS icon
United Parcel Service
UPS
+$26.1M
5
EOSE icon
Eos Energy Enterprises
EOSE
+$25.7M

Top Sells

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$62.2M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$43.4M
3
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$39.5M
4
VTV icon
Vanguard Morningstar Value ETF
VTV
+$32.8M
5
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$20.4M

Sector Composition

Rank Sector Weight
1 Technology 8.87%
2 Industrials 7.53%
3 Financials 5.36%
4 Consumer Discretionary 5.16%
5 Communication Services 4.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DV icon
526
DoubleVerify
DV
$2.03B
$618K 0.01%
53,979
-26,075
-33% -$288K
HTZ icon
527
Hertz
HTZ
$809M
$615K 0.01%
119,657
+61,868
+107% +$338K
STNG icon
528
Scorpio Tankers
STNG
$3.81B
$612K 0.01%
12,045
+7,586
+170% +$433K
SHAK icon
529
Shake Shack
SHAK
$2.87B
$612K 0.01%
+7,534
New +$664K
GTM
530
ZoomInfo Technologies
GTM
$1.22B
$611K 0.01%
+60,126
New +$619K
PTEN icon
531
Patterson-UTI
PTEN
$3.76B
$610K 0.01%
99,863
-3,567
-3% -$21.3K
GDRX icon
532
GoodRx Holdings
GDRX
$1.26B
$607K 0.01%
+224,073
New +$736K
AKBA icon
533
Akebia Therapeutics
AKBA
$252M
$606K 0.01%
376,564
+146,588
+64% +$307K
NMIH icon
534
NMI Holdings
NMIH
$3.36B
$605K 0.01%
14,839
-9,047
-38% -$342K
ISRG icon
535
Intuitive Surgical
ISRG
$134B
$605K 0.01%
1,068
-710
-40% -$378K
TRU icon
536
TransUnion
TRU
$15.3B
$603K 0.01%
7,033
+2,128
+43% +$175K
IONS icon
537
Ionis Pharmaceuticals
IONS
$9.4B
$601K 0.01%
7,596
-9,567
-56% -$720K
ONDS icon
538
Ondas Inc
ONDS
$5.19B
$599K 0.01%
+61,416
New +$493K
VSXY
539
Victoria's Secret
VSXY
$7.83B
$598K 0.01%
+11,045
New +$439K
ESPR
540
DELISTED
Esperion Therapeutics
ESPR
$598K 0.01%
161,557
+146,443
+969% +$473K
ALGM icon
541
Allegro MicroSystems
ALGM
$8.16B
$594K 0.01%
22,533
+6,197
+38% +$171K
RDN icon
542
Radian Group
RDN
$4.93B
$592K 0.01%
+16,460
New +$575K
HLF icon
543
Herbalife
HLF
$1.29B
$592K 0.01%
45,955
-38,873
-46% -$412K
QNST icon
544
QuinStreet
QNST
$1.21B
$590K 0.01%
41,069
-15
-0% -$216
GEV icon
545
GE Vernova
GEV
$264B
$588K 0.01%
900
-2,432
-73% -$1.48M
ADTN icon
546
Adtran
ADTN
$616M
$588K 0.01%
67,670
+11,185
+20% +$97.1K
LTM
547
LATAM Airlines Group S.A.
LTM
$16.3B
$587K 0.01%
10,875
-13,967
-56% -$661K
WM icon
548
Waste Management
WM
$91B
$586K 0.01%
+2,667
New +$568K
NTRS icon
549
Northern Trust
NTRS
$33.9B
$582K 0.01%
4,262
-22,191
-84% -$2.91M
RWAY icon
550
Runway Growth Finance
RWAY
$287M
$579K 0.01%
64,798
+53,789
+489% +$510K
20 21
22
23 24

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 Q4 2025 Portfolio in Review

As of Q4 2025, Graham Capital Management held 1,653 positions worth $4.18B, down 34% from $6.32B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Graham Capital Management withdrew a net $1.72B in Q4 2025, closing 464 positions and reducing 355 holdings. Its most notable exit was Vanguard Morningstar Value ETF, an estimated $32.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.9% of assets, up from 3.7% a quarter earlier, followed by Industrials and Financials.

Against the trend, Graham Capital Management opened a new position in Cipher Digital worth $33.3M.

  • Graham Capital Management's largest Q4 2025 buy was Cipher Digital: 2,258,042 shares worth $33.3M.
  • Graham Capital Management added most to Netflix in Q4 2025, an estimated $38M increase.
  • Graham Capital Management's biggest Q4 2025 reduction was VanEck Gold Miners ETF, cutting an estimated $62.2M.
  • Graham Capital Management fully exited Vanguard Morningstar Value ETF in Q4 2025, selling an estimated $32.8M.
  • Graham Capital Management's ten largest holdings make up 35% of its $4.18B portfolio in Q4 2025.
  • Graham Capital Management opened 441 new positions and closed 464 in Q4 2025.
  • Graham Capital Management's portfolio value fell 34% quarter-over-quarter to $4.18B.

Based on Graham Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.