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
-2.99%
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
$5.72B
AUM Growth
-$941M
Cap. Flow
-$1.63B
Cap. Flow %
-28.57%
Top 10 Hldgs %
49.29%
Holding
1,579
New
380
Increased
586
Reduced
258
Closed
326

Top Buys

Rank Stock Value
1
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$22M
2
MA icon
Mastercard
MA
+$16.9M
3
C icon
Citigroup
C
+$16.6M
4
ICOW icon
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
+$15.3M
5
MELI icon
Mercado Libre
MELI
+$13.2M

Top Sells

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$37.4M
2
HPE icon
Hewlett Packard
HPE
+$18.5M
3
PEP icon
PepsiCo
PEP
+$18.1M
4
TIP icon
iShares TIPS Bond ETF
TIP
+$15.7M
5
SO icon
Southern Company
SO
+$15M

Sector Composition

Rank Sector Weight
1 Financials 5.71%
2 Technology 5.51%
3 Industrials 4.33%
4 Consumer Discretionary 4.17%
5 Healthcare 3.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PL icon
576
Planet Labs
PL
$8.45B
$869K 0.02%
256,998
+143,043
+126% +$670K
SXC icon
577
SunCoke Energy
SXC
$802M
$866K 0.02%
+94,184
New +$904K
WING icon
578
Wingstop
WING
$3.22B
$865K 0.02%
3,833
+2,955
+337% +$769K
CMRC
579
Commerce.com Inc Series 1
CMRC
$176M
$862K 0.02%
149,593
+51,486
+52% +$327K
AAT
580
American Assets Trust
AAT
$1.37B
$861K 0.02%
42,736
+25,961
+155% +$585K
CHE icon
581
Chemed
CHE
$7.22B
$859K 0.02%
+1,396
New +$793K
MAXN
582
PUT
DELISTED
Maxeon Solar Technologies
MAXN
$853K 0.01%
289,000
– –
PTCT icon
583
PTC Therapeutics
PTCT
$6.14B
$852K 0.01%
16,725
+1,727
+12% +$86.2K
TDG icon
584
TransDigm Group
TDG
$67.7B
$851K 0.01%
615
+384
+166% +$512K
ALEX
585
DELISTED
Alexander & Baldwin
ALEX
$851K 0.01%
49,362
+12,568
+34% +$222K
MITK icon
586
Mitek Systems
MITK
$836M
$850K 0.01%
103,089
+43,312
+72% +$421K
NUS icon
587
Nu Skin
NUS
$257M
$850K 0.01%
117,103
+13,160
+13% +$95.7K
VCYT icon
588
Veracyte
VCYT
$3.72B
$841K 0.01%
28,363
+6,576
+30% +$251K
OPLN
589
Openlane
OPLN
$4.58B
$837K 0.01%
43,409
+21,597
+99% +$446K
PLMR icon
590
Palomar
PLMR
$3.43B
$836K 0.01%
+6,101
New +$723K
ALGN icon
591
Align Technology
ALGN
$12.5B
$836K 0.01%
5,263
+732
+16% +$144K
CERT icon
592
Certara
CERT
$1.22B
$833K 0.01%
84,156
-16,114
-16% -$196K
KREF
593
KKR Real Estate Finance Trust
KREF
$489M
$832K 0.01%
77,063
+32,374
+72% +$349K
NEM icon
594
Newmont
NEM
$122B
$825K 0.01%
+17,081
New +$750K
HDB icon
595
HDFC Bank
HDB
$120B
$822K 0.01%
24,744
+6,230
+34% +$190K
CMA
596
DELISTED
Comerica
CMA
$820K 0.01%
13,885
-42,863
-76% -$2.69M
BLDP
597
Ballard Power Systems
BLDP
$763M
$814K 0.01%
739,973
+414,068
+127% +$582K
KNTK icon
598
Kinetik
KNTK
$8.23B
$811K 0.01%
15,606
-19,940
-56% -$1.17M
AA icon
599
Alcoa
AA
$13.6B
$809K 0.01%
26,521
+15,476
+140% +$542K
ELF icon
600
e.l.f. Beauty
ELF
$5.67B
$806K 0.01%
12,839
+5,029
+64% +$438K
22 23
24
25 26

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
CA
CSM Advisors Warrendale, Pennsylvania $4.07B AUM 29.62% 1-Year Est. Return

Graham Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Graham Capital Management held 1,579 positions worth $5.72B, down 14% from $6.66B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Graham Capital Management withdrew a net $1.63B in Q1 2025, closing 326 positions and reducing 258 holdings. Its most notable exit was Strategy Inc, an estimated $37.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 5.7% of assets, up from 3.5% a quarter earlier, followed by Technology and Industrials.

Against the trend, Graham Capital Management opened a new position in Mastercard worth $17M.

  • Graham Capital Management's largest Q1 2025 buy was Mastercard: 31,082 shares worth $17M.
  • Graham Capital Management added most to State Street Utilities Select Sector SPDR ETF in Q1 2025, an estimated $22M increase.
  • Graham Capital Management's biggest Q1 2025 reduction was Netflix, cutting an estimated $13.5M.
  • Graham Capital Management fully exited Strategy Inc in Q1 2025, selling an estimated $37.4M.
  • Graham Capital Management's ten largest holdings make up 49% of its $5.72B portfolio in Q1 2025.
  • Graham Capital Management opened 380 new positions and closed 326 in Q1 2025.
  • Graham Capital Management's portfolio value fell 14% quarter-over-quarter to $5.72B.

Based on Graham Capital Management's 13F filing for Q1 2025, filed 15 May 2025.