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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
(-14%)
Cap. Flow
-$1.63B
Cap. Flow
% of AUM
-28.57%
Top 10 Holdings %
Top 10 Hldgs %
49.29%
Holding
1,579
New
380
Increased
586
Reduced
258
Closed
326
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$22M |
| 2 |
Mastercard
MA
|
+$16.9M |
| 3 |
Citigroup
C
|
+$16.6M |
| 4 |
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
|
+$15.3M |
| 5 |
Mercado Libre
MELI
|
+$13.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Strategy Inc
MSTR
|
+$37.4M |
| 2 |
Hewlett Packard
HPE
|
+$18.5M |
| 3 |
PepsiCo
PEP
|
+$18.1M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$15.7M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1251
Autoliv
ALV
$9B
| – | – |
-18,033
| Closed | -$1.69M |
|
1252
Antero Midstream
AM
$10.1B
| – | – |
-20,319
| Closed | -$307K |
|
|
OSG
1253
Octave Specialty Group
OSG
$222M
| – | – |
-51,489
| Closed | -$651K |
|
1254
Amkor Technology
AMKR
$13.7B
| – | – |
-9,300
| Closed | -$239K |
|
1255
AnaptysBio
ANAB
$1.68B
| – | – |
-18,954
| Closed | -$251K |
|
1256
Angi Inc
ANGI
$196M
| – | – |
-2,799
| Closed | -$46.5K |
|
1257
APA Corp
APA
$13.2B
| – | – |
-123,525
| Closed | -$2.85M |
|
1258
APi Group
APG
$18B
| – | – |
-100,512
| Closed | -$2.41M |
|
|
ARIS
1259
DELISTED
Aris Water Solutions
ARIS
| – | – |
-10,584
| Closed | -$253K |
|
1260
ASML
ASML
$669B
| – | – |
-3,190
| Closed | -$2.21M |
|
1261
Alphatec Holdings
ATEC
$1.44B
| – | – |
-53,069
| Closed | -$487K |
|
1262
A10 Networks
ATEN
$1.95B
| – | – |
-29,836
| Closed | -$549K |
|
1263
Atmus Filtration Technologies
ATMU
$4.18B
| – | – |
-27,511
| Closed | -$1.08M |
|
|
OPTU
1264
Optimum Communications Inc
OPTU
$301M
| – | – |
-125,287
| Closed | -$302K |
|
1265
Aviat Networks
AVNW
$273M
| – | – |
-11,811
| Closed | -$214K |
|
1266
American Express
AXP
$230B
| – | – |
-852
| Closed | -$253K |
|
1267
AXT Inc
AXTI
$5.8B
| – | – |
-49,947
| Closed | -$108K |
|
1268
AstraZeneca
AZN
$250B
| – | – |
-5,070
| Closed | -$664K |
|
1269
Alibaba
BABA
$308B
| – | – |
-41,137
| Closed | -$3.49M |
|
1270
Bank of America
BAC
$442B
| – | – |
-137,585
| Closed | -$6.05M |
|
1271
Banc of California
BANC
$2.97B
| – | – |
-44,188
| Closed | -$683K |
|
|
BASE
1272
DELISTED
Couchbase
BASE
| – | – |
-18,398
| Closed | -$287K |
|
1273
BridgeBio Pharma
BBIO
$16.5B
| – | – |
-4,725
| Closed | -$130K |
|
|
1274
PUT
BridgeBio Pharma
BBIO
$16.5B
| – | – |
-698,900
| Closed | -$19.2M |
|
1275
BCE
BCE
$21.2B
| – | – |
-54,871
| Closed | -$1.27M |
|
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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.