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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 | |
|---|---|---|---|---|---|---|
51
Dell
DELL
$302B
| – | – |
-127,528
| Closed | -$3.48M |
|
52
Dollar Tree
DLTR
$25.1B
| – | – |
-41,344
| Closed | -$3.37M |
|
53
GrafTech
EAF
$200M
| – | – |
-4,000
| Closed | -$780K |
|
54
Elevance Health
ELV
$82B
| – | – |
-12,814
| Closed | -$3.51M |
|
55
iShares MSCI South Korea ETF
EWY
$24.8B
| – | – |
-15,000
| Closed | -$1.02M |
|
56
iShares China Large-Cap ETF
FXI
$4.33B
| – | – |
-2,300,000
| Closed | -$98.5M |
|
57
GoDaddy
GDDY
$11.3B
| – | – |
-42,889
| Closed | -$3.58M |
|
58
VanEck Gold Miners ETF
GDX
$23.8B
| – | – |
-115,000
| Closed | -$2.13M |
|
|
59
SPDR Gold Trust
GLD
$132B
| – | – |
-10,000,000
| Closed | -$1.16B |
|
60
General Motors
GM
$77.5B
| – | – |
-99,465
| Closed | -$3.35M |
|
61
Alphabet (Google) Class A
GOOGL
$4.62T
| – | – |
-58,160
| Closed | -$3.51M |
|
62
Intel
INTC
$509B
| – | – |
-36,785
| Closed | -$1.74M |
|
63
IQVIA
IQV
$37.6B
| – | – |
-27,162
| Closed | -$3.52M |
|
64
JPMorgan Chase
JPM
$950B
| – | – |
-30,005
| Closed | -$3.38M |
|
65
Cheniere Energy
LNG
$53.9B
| – | – |
-52,152
| Closed | -$3.62M |
|
66
Mastercard
MA
$500B
| – | – |
-16,202
| Closed | -$3.61M |
|
67
Mattel
MAT
$4.32B
| – | – |
-250,000
| Closed | -$3.31M |
|
68
Meta Platforms (Facebook)
META
$1.5T
| – | – |
-20,909
| Closed | -$3.44M |
|
69
Netflix
NFLX
$306B
| – | – |
-98,490
| Closed | -$3.68M |
|
70
NXP Semiconductors
NXPI
$59.9B
| – | – |
-80,852
| Closed | -$6.91M |
|
71
PayPal
PYPL
$50.1B
| – | – |
-38,517
| Closed | -$3.38M |
|
|
72
Invesco QQQ Trust
QQQ
$485B
| – | – |
-1,394,877
| Closed | -$259M |
|
73
RH
RH
$3.56B
| – | – |
-14,000
| Closed | -$1.83M |
|
74
Southern Copper
SCCO
$163B
| – | – |
-43,148
| Closed | -$1.73M |
|
75
Sherwin-Williams
SHW
$87.8B
| – | – |
-12,600
| Closed | -$1.91M |
|
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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.