GCM

Graham Capital Management Portfolio holdings

AUM $3.15B

AUM

$3.15B

AUM Growth

-$86.5M (-3%)

Cap. Flow

+$701M

Cap. Flow % of AUM

22.24%

Top 10 Holdings %Top 10 Hldgs %

25.78%

Holding

1,552

New

362

Increased

582

Reduced

247

Closed

316

Top Buys

1	Utilities Select Sector SPDR Fund XLU	$22.2M
2	Mastercard MA	$17M
3	Pacer Developed Markets International Cash Cows 100 ETF ICOW	$15.6M
4	Citigroup C	$15.4M
5	Mercado Libre MELI	$12.9M

Top Sells

1	Netflix NFLX	$13.2M
2	iShares iBoxx $ High Yield Corporate Bond ETF HYG	$10.8M
3	Financial Select Sector SPDR Fund XLF	$10.3M
4	S&P Global SPGI	$9.05M
5	NVIDIA NVDA	$8.17M

Sector Composition

1	Financials	10.32%
2	Technology	10.21%
3	Industrials	7.85%
4	Consumer Discretionary	7.56%
5	Healthcare	5.76%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1251	1251 Zscaler ZS $47.2B	$0	0%	0 -8,023	Closed	–
1252	1252 Zumiez ZUMZ $206M	$0	0%	0 -22,203	Closed	–
1253	1253 Flutter Entertainment FLUT $44.1B	$0	0%	0 -4,812	Closed	–
1254	GRAL 1254 GRAIL, Inc. Common Stock GRAL $1.38B	$0	0%	0 -15,447	Closed	–
1255	LINE 1255 Lineage, Inc. Common Stock LINE $10.2B	$0	0%	0 -4,220	Closed	–
1256	SARO 1256 StandardAero, Inc. SARO $10.2B	$0	0%	0 -10,000	Closed	–
1257	EXE 1257 Expand Energy Corporation Common Stock EXE $27.9B	$0	0%	0 -22,499	Closed	–
1258	PENG 1258 Penguin Solutions, Inc. Ordinary Shares PENG $1.03B	$0	0%	0 -17,557	Closed	–
1259	MAGN 1259 Magnera Corporation MAGN $471M	$0	0%	0 -19,161	Closed	–
1260	PRSU 1260 Pursuit Attractions and Hospitality, Inc. PRSU $803M	$0	0%	0 -6,104	Closed	–
1261	XIFR 1261 XPLR Infrastructure, LP XIFR $838M	$0	0%	0 -13,958	Closed	–
1262	BECN 1262 DELISTED Beacon Roofing Supply, Inc. BECN	$0	0%	0 -23,800	Closed	–
1263	PYCR 1263 DELISTED Paycor HCM, Inc. Common Stock PYCR	$0	0%	0 -10,733	Closed	–
1264	LGTY 1264 DELISTED Logility Supply Chain Solutions, Inc. Common Stock LGTY	$0	0%	0 -26,038	Closed	–
1265	SASR 1265 DELISTED Sandy Spring Bancorp Inc SASR	$0	0%	0 -21,748	Closed	–
1266	ALTR 1266 DELISTED Altair Engineering Inc. Class A Common Stock ALTR	$0	0%	0 -5,000	Closed	–
1267	AZPN 1267 DELISTED Aspen Technology Inc AZPN	$0	0%	0 -6,682	Closed	–
1268	SUM 1268 DELISTED Summit Materials, Inc. Class A Common Stock SUM	$0	0%	0 -24,000	Closed	–
1269	RVNC 1269 DELISTED Revance Therapeutics, Inc. RVNC	$0	0%	0	–	–
1270	CDMO 1270 DELISTED Avid Bioservices, Inc. Common Stock CDMO	$0	0%	0 -20,713	Closed	–
1271	SMAR 1271 DELISTED Smartsheet Inc. SMAR	$0	0%	0 -46,081	Closed	–
1272	ML 1272 DELISTED MoneyLion Inc. ML	$0	0%	0 -6,344	Closed	–
1273	1273 Hillenbrand HI $1.43B	$0	0%	0 -30,200	Closed	–
1274	HIMX 1274 Himax Technologies HIMX $1.52B	$0	0%	0 -38,038	Closed	–
1275	HIVE 1275 HIVE Digital Technologies HIVE $362M	$0	0%	0 -165,217	Closed	–