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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
+1.07%
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
$2.45B
AUM Growth
-$660M
(-21%)
Cap. Flow
-$560M
Cap. Flow
% of AUM
-22.9%
Top 10 Holdings %
Top 10 Hldgs %
80.73%
Holding
137
New
31
Increased
34
Reduced
9
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$10.9M |
| 2 |
iShares MSCI India ETF
INDA
|
+$10.6M |
| 3 |
WisdomTree India Earnings Fund ETF
EPI
|
+$10.4M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$9.04M |
| 5 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$8.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$68.7M |
| 2 |
Chevron
CVX
|
+$37.3M |
| 3 |
Suncor Energy
SU
|
+$35.6M |
| 4 |
Canadian Natural Resources
CNQ
|
+$29.9M |
| 5 |
Nabors Industries
NBR
|
+$27.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 0.71% |
| 2 | Industrials | 0.52% |
| 3 | Healthcare | 0.44% |
| 4 | Technology | 0.32% |
| 5 | Financials | 0.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCFA
51
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1M | 0.04% |
+35,800
| New | +$963K |
|
52
Procter & Gamble
PG
$338B
| $992K | 0.04% |
+11,800
| New | +$1.01M |
|
53
American International
AIG
$41.8B
| $989K | 0.04% |
+15,150
| New | +$951K |
|
|
54
Chevron
CVX
$385B
| $989K | 0.04% |
8,400
-342,311
| -98% | -$37.3M |
|
55
Citigroup
C
$224B
| $987K | 0.04% |
+16,600
| New | +$896K |
|
56
Union Pacific
UNP
$173B
| $985K | 0.04% |
+9,500
| New | +$934K |
|
57
Bristol-Myers Squibb
BMY
$134B
| $982K | 0.04% |
+16,800
| New | +$918K |
|
58
Kinder Morgan
KMI
$69.9B
| $973K | 0.04% |
+47,000
| New | +$993K |
|
|
DD
59
DELISTED
Du Pont De Nemours E I
DD
| $969K | 0.04% |
+13,200
| New | +$938K |
|
|
VRS
60
DELISTED
Verso Corporation
VRS
| $710K | 0.03% |
100,000
| – | – |
|
61
Gogo Inc
GOGO
$606M
| $705K | 0.03% |
+76,500
| New | +$755K |
|
62
Lee Enterprises
LEE
$175M
| $438K | 0.02% |
+15,113
| New | +$452K |
|
|
NADL
63
PUT
DELISTED
North Atlantic Drilling Ltd
NADL
| $430K | 0.02% |
+135,500
| New | +$410K |
|
64
Alerian MLP ETF
AMLP
$13B
| – | – |
-151,386
| Closed | -$9.61M |
|
65
Baxter International
BAX
$14.5B
| – | – |
-18,500
| Closed | -$881K |
|
|
66
Canadian Natural Resources
CNQ
$96.7B
| – | – |
-1,902,666
| Closed | -$29.9M |
|
67
ConocoPhillips
COP
$145B
| – | – |
-361,208
| Closed | -$15.7M |
|
68
Digi International
DGII
$2.65B
| – | – |
-41,700
| Closed | -$475K |
|
69
Devon Energy
DVN
$51.4B
| – | – |
-136,611
| Closed | -$6.03M |
|
70
iShares MSCI Emerging Markets ETF
EEM
$28.9B
| – | – |
-307,000
| Closed | -$11.5M |
|
71
PUT
iShares MSCI Germany ETF
EWG
$1.6B
| – | – |
-2,500,000
| Closed | -$65.7M |
|
72
Forum Energy Technologies
FET
$795M
| – | – |
-13,885
| Closed | -$5.51M |
|
73
TechnipFMC
FTI
$27.1B
| – | – |
-348,574
| Closed | -$7.7M |
|
74
iShares China Large-Cap ETF
FXI
$4.35B
| – | – |
-66,000
| Closed | -$2.43M |
|
|
75
VanEck Gold Miners ETF
GDX
$23.2B
| – | – |
-2,600,000
| Closed | -$68.7M |
|
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Graham Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Graham Capital Management held 137 positions worth $2.45B, down 21% from $3.11B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Graham Capital Management withdrew a net $560M in Q4 2016, closing 54 positions and reducing 9 holdings. Its most notable exit was VanEck Gold Miners ETF, an estimated $68.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 0.71% of assets, up from 0.2% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Graham Capital Management opened a new position in iShares Russell 2000 ETF worth $11.5M.
- Graham Capital Management's largest Q4 2016 buy was iShares Russell 2000 ETF: 85,000 shares worth $11.5M.
- Graham Capital Management added most to State Street Energy Select Sector SPDR ETF in Q4 2016, an estimated $9.04M increase.
- Graham Capital Management's biggest Q4 2016 reduction was Chevron, cutting an estimated $37.3M.
- Graham Capital Management fully exited VanEck Gold Miners ETF in Q4 2016, selling an estimated $68.7M.
- Graham Capital Management's ten largest holdings make up 81% of its $2.45B portfolio in Q4 2016.
- Graham Capital Management opened 31 new positions and closed 54 in Q4 2016.
- Graham Capital Management's portfolio value fell 21% quarter-over-quarter to $2.45B.
Based on Graham Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.