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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
-0.11%
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
$4.14B
AUM Growth
-$38.8M
Cap. Flow
-$605M
Cap. Flow %
-14.61%
Top 10 Hldgs %
30.31%
Holding
1,593
New
402
Increased
336
Reduced
352
Closed
473

Top Buys

Rank Stock Value
1
EWY icon
iShares MSCI South Korea ETF
EWY
+$45.4M
2
AMZN icon
Amazon
AMZN
+$35.5M
3
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$34.4M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$26.3M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$24.6M

Top Sells

Rank Stock Value
1
EWC icon
iShares MSCI Canada ETF
EWC
+$43.5M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$26.9M
3
MCD icon
McDonald's
MCD
+$19.7M
4
EOSE icon
Eos Energy Enterprises
EOSE
+$19.3M
5
META icon
Meta Platforms (Facebook)
META
+$18.8M

Sector Composition

Rank Sector Weight
1 Technology 9.27%
2 Financials 6.94%
3 Industrials 6.85%
4 Consumer Discretionary 6.52%
5 Communication Services 3.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FISI icon
701
Financial Institutions
FISI
$812M
$374K 0.01%
11,779
+2,045
+21% +$65.8K
ORIC icon
702
Oric Pharmaceuticals
ORIC
$1.17B
$373K 0.01%
29,434
-52,142
-64% -$592K
NG icon
703
NovaGold Resources
NG
$2.54B
$373K 0.01%
41,486
-6,353
-13% -$65.4K
BTI icon
704
British American Tobacco
BTI
$136B
$372K 0.01%
+6,366
New +$377K
REAL icon
705
The RealReal
REAL
$1.41B
$372K 0.01%
40,960
+15,314
+60% +$194K
KRMN
706
Karman Holdings
KRMN
$6.04B
$371K 0.01%
+4,638
New +$447K
VIR icon
707
Vir Biotechnology
VIR
$1.46B
$368K 0.01%
+41,120
New +$328K
CLF icon
708
Cleveland-Cliffs
CLF
$6.49B
$367K 0.01%
43,387
+21,268
+96% +$243K
COMP icon
709
Compass
COMP
$8.67B
$366K 0.01%
+50,000
New +$525K
CE icon
710
Celanese
CE
$4.82B
$365K 0.01%
5,557
-23,069
-81% -$1.2M
DRS icon
711
Leonardo DRS
DRS
$12.4B
$365K 0.01%
8,207
-2,709
-25% -$114K
GAU
712
Galiano Gold
GAU
$457M
$365K 0.01%
+145,349
New +$411K
SITM icon
713
SiTime
SITM
$13.8B
$364K 0.01%
+1,055
New +$388K
BDTX icon
714
Black Diamond Therapeutics
BDTX
$95.1M
$364K 0.01%
170,899
+84,343
+97% +$201K
RRX icon
715
Regal Rexnord
RRX
$12.5B
$364K 0.01%
1,942
-6,064
-76% -$1.13M
BFLY icon
716
Butterfly Network
BFLY
$1.86B
$364K 0.01%
+90,010
New +$348K
XRX icon
717
Xerox
XRX
$345M
$364K 0.01%
281,784
-45,458
-14% -$89.9K
VRDN icon
718
Viridian Therapeutics
VRDN
$2.2B
$362K 0.01%
18,485
-6,344
-26% -$188K
SAFE
719
Safehold
SAFE
$1.17B
$361K 0.01%
+26,710
New +$396K
AZN icon
720
AstraZeneca
AZN
$269B
$361K 0.01%
+1,832
New +$353K
CNC icon
721
Centene
CNC
$30.5B
$361K 0.01%
+11,023
New +$452K
CNDT icon
722
Conduent
CNDT
$253M
$360K 0.01%
281,471
-53,281
-16% -$81.2K
OMDA
723
Omada Health Inc
OMDA
$1.17B
$360K 0.01%
28,616
+3,043
+12% +$42K
CRWD icon
724
CrowdStrike
CRWD
$183B
$360K 0.01%
+3,684
New +$390K
VAC icon
725
Marriott Vacations Worldwide
VAC
$3.53B
$359K 0.01%
5,517
+1,886
+52% +$117K
27 28
29
30 31

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Graham Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Graham Capital Management held 1,593 positions worth $4.14B, down 0.93% from $4.18B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Graham Capital Management withdrew a net $605M in Q1 2026, closing 473 positions and reducing 352 holdings. Its most notable exit was iShares MSCI Canada ETF, an estimated $43.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.3% of assets, up from 8.9% a quarter earlier, followed by Financials and Industrials.

Against the trend, Graham Capital Management opened a new position in iShares MSCI South Korea ETF worth $44.6M.

  • Graham Capital Management's largest Q1 2026 buy was iShares MSCI South Korea ETF: 362,700 shares worth $44.6M.
  • Graham Capital Management added most to Amazon in Q1 2026, an estimated $35.5M increase.
  • Graham Capital Management's biggest Q1 2026 reduction was iShares Bitcoin Trust, cutting an estimated $26.9M.
  • Graham Capital Management fully exited iShares MSCI Canada ETF in Q1 2026, selling an estimated $43.5M.
  • Graham Capital Management's ten largest holdings make up 30% of its $4.14B portfolio in Q1 2026.
  • Graham Capital Management opened 402 new positions and closed 473 in Q1 2026.
  • Graham Capital Management's portfolio value fell 0.93% quarter-over-quarter to $4.14B.

Based on Graham Capital Management's 13F filing for Q1 2026, filed 15 May 2026.