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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
+3.72%
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
$3.29B
AUM Growth
+$764M
Cap. Flow
-$274M
Cap. Flow %
-8.32%
Top 10 Hldgs %
41.92%
Holding
1,449
New
408
Increased
282
Reduced
291
Closed
435

Top Buys

Rank Stock Value
1
RGA icon
Reinsurance Group of America
RGA
+$18.3M
2
SMH icon
VanEck Semiconductor ETF
SMH
+$13.7M
3
VNO icon
Vornado Realty Trust
VNO
+$11.3M
4
IYT icon
iShares US Transportation ETF
IYT
+$8.96M
5
GDX icon
VanEck Gold Miners ETF
GDX
+$8.95M

Top Sells

Rank Stock Value
1
ASO icon
Academy Sports + Outdoors
ASO
+$33.7M
2
INDA icon
iShares MSCI India ETF
INDA
+$20.4M
3
NEOG icon
Neogen
NEOG
+$17.9M
4
V icon
Visa
V
+$14.1M
5
AGR
Avangrid, Inc.
AGR
+$11.1M

Sector Composition

Rank Sector Weight
1 Technology 10.16%
2 Industrials 6.11%
3 Financials 5.96%
4 Consumer Discretionary 5.66%
5 Healthcare 4.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSX icon
901
CSX Corp
CSX
$93.2B
$267K 0.01%
8,603
-42,015
-83% -$1.26M
ESTA icon
902
Establishment Labs
ESTA
$2.27B
$263K 0.01%
4,010
-11,921
-75% -$720K
TH icon
903
Target Hospitality
TH
$1.64B
$262K 0.01%
17,288
-89,813
-84% -$1.21M
UNVR
904
DELISTED
Univar Solutions Inc.
UNVR
$262K 0.01%
8,224
-168,362
-95% -$4.83M
ATSG
905
DELISTED
Air Transport Services Group
ATSG
$258K 0.01%
9,933
-10,420
-51% -$287K
STEP icon
906
StepStone Group
STEP
$3.78B
$258K 0.01%
+10,232
New +$286K
PLCE icon
907
Children's Place
PLCE
$59.2M
$257K 0.01%
7,047
-42,272
-86% -$1.58M
SLP icon
908
Simulations Plus
SLP
$371M
$255K 0.01%
6,963
-3,287
-32% -$138K
PAY icon
909
Paymentus
PAY
$4.86B
$254K 0.01%
+31,771
New +$311K
RBA icon
910
RB Global
RBA
$17.3B
$251K 0.01%
4,337
-17,403
-80% -$1.01M
BCC icon
911
Boise Cascade
BCC
$2.96B
$251K 0.01%
3,652
-10,587
-74% -$723K
CENX icon
912
Century Aluminum
CENX
$5.11B
$250K 0.01%
30,573
-121,453
-80% -$917K
WAFD icon
913
WaFd
WAFD
$2.75B
$250K 0.01%
7,439
-12,395
-62% -$433K
LLY icon
914
Eli Lilly
LLY
$1.08T
$247K 0.01%
675
-1,454
-68% -$516K
LSXMK
915
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$245K 0.01%
8,092
-42,159
-84% -$1.35M
JBHT icon
916
JB Hunt Transport Services
JBHT
$25B
$244K 0.01%
1,397
-12,040
-90% -$2.1M
CORT icon
917
Corcept Therapeutics
CORT
$12.3B
$243K 0.01%
+11,945
New +$299K
IP icon
918
International Paper
IP
$21.9B
$242K 0.01%
6,992
-159
-2% -$5.5K
QVCGA
919
DELISTED
QVC Group Inc Series A
QVCGA
$239K 0.01%
2,927
-4,297
-59% -$438K
TTMI icon
920
TTM Technologies
TTMI
$14B
$236K 0.01%
15,633
-21,930
-58% -$325K
IIIV icon
921
i3 Verticals
IIIV
$328M
$234K 0.01%
9,605
-16,398
-63% -$370K
LMND icon
922
Lemonade
LMND
$4.06B
$233K 0.01%
+17,060
New +$337K
STRA icon
923
Strategic Education
STRA
$1.88B
$232K 0.01%
+2,966
New +$220K
BWXT icon
924
BWX Technologies
BWXT
$15.6B
$232K 0.01%
+3,993
New +$229K
SRCE icon
925
1st Source
SRCE
$2.1B
$227K 0.01%
+4,268
New +$233K
35 36
37
38 39

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Graham Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Graham Capital Management held 1,449 positions worth $3.29B, up 30% from $2.53B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Graham Capital Management withdrew a net $274M in Q4 2022, closing 435 positions and reducing 291 holdings. Its most notable exit was iShares MSCI India ETF, an estimated $20.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 10% of assets, down from 10% a quarter earlier, followed by Industrials and Financials.

Against the trend, Graham Capital Management opened a new position in VanEck Semiconductor ETF worth $13.7M.

  • Graham Capital Management's largest Q4 2022 buy was VanEck Semiconductor ETF: 135,000 shares worth $13.7M.
  • Graham Capital Management added most to Reinsurance Group of America in Q4 2022, an estimated $18.3M increase.
  • Graham Capital Management's biggest Q4 2022 reduction was Academy Sports + Outdoors, cutting an estimated $33.7M.
  • Graham Capital Management fully exited iShares MSCI India ETF in Q4 2022, selling an estimated $20.4M.
  • Graham Capital Management's ten largest holdings make up 42% of its $3.29B portfolio in Q4 2022.
  • Graham Capital Management opened 408 new positions and closed 435 in Q4 2022.
  • Graham Capital Management's portfolio value rose 30% quarter-over-quarter to $3.29B.

Based on Graham Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.