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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
+8.47%
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
$6.62B
AUM Growth
+$902M
Cap. Flow
+$1.08B
Cap. Flow %
16.3%
Top 10 Hldgs %
50.26%
Holding
1,697
New
464
Increased
345
Reduced
451
Closed
433

Top Buys

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$19.3M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$18.6M
3
ICE icon
Intercontinental Exchange
ICE
+$14.5M
4
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$14.3M
5
MNST icon
Monster Beverage
MNST
+$13.3M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$16.9M
2
JNJ icon
Johnson & Johnson
JNJ
+$16M
3
ICOW icon
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
+$15.6M
4
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$14.5M
5
VUG icon
Vanguard Morningstar Growth ETF
VUG
+$10.8M

Sector Composition

Rank Sector Weight
1 Technology 5.74%
2 Financials 5.16%
3 Industrials 4.35%
4 Consumer Discretionary 3.72%
5 Healthcare 3.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADNT icon
1026
Adient
ADNT
$1.5B
$259K ﹤0.01%
+13,302
New +$197K
BEPC icon
1027
Brookfield Renewable
BEPC
$6.26B
$259K ﹤0.01%
+7,889
New +$230K
CHCT
1028
Community Healthcare Trust
CHCT
$454M
$257K ﹤0.01%
+15,439
New +$255K
HTBK
1029
DELISTED
Heritage Commerce
HTBK
$256K ﹤0.01%
25,827
-24,121
-48% -$221K
G icon
1030
Genpact
G
$5.76B
$255K ﹤0.01%
5,802
-27,213
-82% -$1.23M
PRIM icon
1031
Primoris Services
PRIM
$4.45B
$254K ﹤0.01%
3,263
-15,868
-83% -$1.08M
HBM icon
1032
Hudbay
HBM
$12.3B
$253K ﹤0.01%
23,874
-14,399
-38% -$120K
BHC icon
1033
Bausch Health
BHC
$2.34B
$253K ﹤0.01%
37,927
-269,677
-88% -$1.39M
DCTH icon
1034
Delcath Systems
DCTH
$524M
$252K ﹤0.01%
18,558
-3,163
-15% -$44.1K
LOCO icon
1035
El Pollo Loco
LOCO
$462M
$252K ﹤0.01%
22,869
-7,202
-24% -$71.4K
EBS icon
1036
Emergent Biosolutions
EBS
$248M
$250K ﹤0.01%
+39,260
New +$225K
VIRT icon
1037
Virtu Financial
VIRT
$4.93B
$248K ﹤0.01%
+5,544
New +$223K
FSLR icon
1038
First Solar
FSLR
$26.9B
$248K ﹤0.01%
+1,500
New +$221K
ASC icon
1039
Ardmore Shipping
ASC
$683M
$246K ﹤0.01%
25,613
-23,111
-47% -$223K
PBA icon
1040
Pembina Pipeline
PBA
$27.6B
$245K ﹤0.01%
6,541
-5,178
-44% -$195K
ALGN icon
1041
Align Technology
ALGN
$12.3B
$245K ﹤0.01%
1,293
-3,970
-75% -$701K
TBLA icon
1042
Taboola.com
TBLA
$1.11B
$244K ﹤0.01%
66,736
-91,990
-58% -$300K
SHLS icon
1043
Shoals Technologies Group
SHLS
$1.5B
$243K ﹤0.01%
57,144
+44,444
+350% +$193K
NVO
1044
Novo Nordisk
NVO
$209B
$243K ﹤0.01%
3,518
-12,782
-78% -$869K
FBNC icon
1045
First Bancorp
FBNC
$2.68B
$242K ﹤0.01%
+5,484
New +$222K
TNL icon
1046
Travel + Leisure Co
TNL
$4.7B
$241K ﹤0.01%
+4,679
New +$220K
TTEK icon
1047
Tetra Tech
TTEK
$9.07B
$240K ﹤0.01%
6,669
-43,462
-87% -$1.45M
LKFT
1048
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.77B
$239K ﹤0.01%
+8,538
New +$229K
UTZ icon
1049
Utz Brands
UTZ
$1.25B
$239K ﹤0.01%
19,030
-18,688
-50% -$244K
CNI icon
1050
Canadian National Railway
CNI
$76.6B
$236K ﹤0.01%
+2,269
New +$231K
40 41
42
43 44

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Graham Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Graham Capital Management held 1,697 positions worth $6.62B, up 16% from $5.72B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Graham Capital Management deployed $1.08B of net new capital in Q2 2025, opening 464 new positions and adding to 345 existing holdings. Its largest new stake was Vanguard Morningstar Value ETF: 110,000 shares worth $19.4M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, up from 5.5% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Citigroup, an estimated $16.9M trimmed.

  • Graham Capital Management's largest Q2 2025 buy was Vanguard Morningstar Value ETF: 110,000 shares worth $19.4M.
  • Graham Capital Management added most to iShares Bitcoin Trust in Q2 2025, an estimated $19.3M increase.
  • Graham Capital Management's biggest Q2 2025 reduction was Citigroup, cutting an estimated $16.9M.
  • Graham Capital Management fully exited Pacer Developed Markets International Cash Cows 100 ETF in Q2 2025, selling an estimated $15.6M.
  • Graham Capital Management's ten largest holdings make up 50% of its $6.62B portfolio in Q2 2025.
  • Graham Capital Management opened 464 new positions and closed 433 in Q2 2025.
  • Graham Capital Management's portfolio value rose 16% quarter-over-quarter to $6.62B.

Based on Graham Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.