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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
-2.99%
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
ENVA icon
726
Enova International
ENVA
$6.29B
$580K 0.01%
6,004
+165
+3% +$17K
SPTN
727
DELISTED
SpartanNash
SPTN
$579K 0.01%
28,581
+1,817
+7% +$34.9K
WEAV icon
728
Weave Communications
WEAV
$426M
$578K 0.01%
52,085
+8,483
+19% +$122K
ONT
729
Onterris Inc
ONT
$546M
$577K 0.01%
40,474
+3,135
+8% +$59.7K
DLX icon
730
Deluxe
DLX
$1.12B
$576K 0.01%
36,464
+17,549
+93% +$333K
BZH icon
731
Beazer Homes USA
BZH
$904M
$575K 0.01%
+28,205
New +$677K
HSII
732
DELISTED
Heidrick & Struggles
HSII
$573K 0.01%
+13,387
New +$592K
MHO icon
733
M/I Homes
MHO
$3.74B
$573K 0.01%
5,016
+891
+22% +$109K
HNI icon
734
HNI Corp
HNI
$3.54B
$572K 0.01%
12,893
-3,980
-24% -$188K
CNMD icon
735
CONMED
CNMD
$1.48B
$571K 0.01%
9,447
+2,233
+31% +$144K
OLED icon
736
Universal Display
OLED
$4.16B
$570K 0.01%
+4,089
New +$611K
BMY icon
737
Bristol-Myers Squibb
BMY
$132B
$568K 0.01%
+9,314
New +$543K
SRRK icon
738
Scholar Rock
SRRK
$6.32B
$567K 0.01%
+17,624
New +$678K
SBS icon
739
Sabesp
SBS
$18.3B
$564K 0.01%
162,745
-184,418
-53% -$587K
TTI icon
740
TETRA Technologies
TTI
$1.28B
$562K 0.01%
167,291
+19,524
+13% +$77.8K
FG icon
741
F&G Annuities & Life
FG
$3.55B
$559K 0.01%
+15,513
New +$651K
AAPL icon
742
Apple
AAPL
$4.5T
$555K 0.01%
2,500
-8,243
-77% -$1.91M
BPMC
743
DELISTED
Blueprint Medicines
BPMC
$552K 0.01%
6,237
-19,023
-75% -$1.86M
NPO icon
744
Enpro
NPO
$7.04B
$551K 0.01%
3,407
-495
-13% -$88.9K
BTDR icon
745
Bitdeer Technologies
BTDR
$2.12B
$551K 0.01%
+62,425
New +$932K
MTH icon
746
Meritage Homes
MTH
$4.69B
$550K 0.01%
7,754
+306
+4% +$23K
JPM icon
747
JPMorgan Chase
JPM
$956B
$549K 0.01%
+2,238
New +$571K
TEVA icon
748
Teva Pharmaceuticals
TEVA
$42.1B
$545K 0.01%
35,457
-40,775
-53% -$728K
MS icon
749
Morgan Stanley
MS
$338B
$542K 0.01%
+4,649
New +$599K
HRMY icon
750
Harmony Biosciences
HRMY
$2.27B
$541K 0.01%
16,315
+1,625
+11% +$58.3K
28 29
30
31 32

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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.