We are live on ! Find out more
GCM

Graham Capital Management Portfolio holdings

AUM $4.14B
1-Year Est. Return 17.82%
This Fund
S&P 500
This Quarter Est. Return
+1.47%
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
$4.18B
AUM Growth
-$2.14B
Cap. Flow
-$1.72B
Cap. Flow %
-41.09%
Top 10 Hldgs %
35.08%
Holding
1,653
New
441
Increased
361
Reduced
355
Closed
464

Top Buys

Rank Stock Value
1
CIFR icon
Cipher Digital
CIFR
+$39.9M
2
NFLX icon
Netflix
NFLX
+$38M
3
EWC icon
iShares MSCI Canada ETF
EWC
+$35M
4
UPS icon
United Parcel Service
UPS
+$26.1M
5
EOSE icon
Eos Energy Enterprises
EOSE
+$25.7M

Top Sells

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$62.2M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$43.4M
3
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$39.5M
4
VTV icon
Vanguard Morningstar Value ETF
VTV
+$32.8M
5
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$20.4M

Sector Composition

Rank Sector Weight
1 Technology 8.87%
2 Industrials 7.53%
3 Financials 5.36%
4 Consumer Discretionary 5.16%
5 Communication Services 4.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRMT icon
1251
America's Car Mart
CRMT
$26.9M
– –
-6,948
Closed -$203K
CRNT icon
1252
Ceragon Networks
CRNT
$201M
– –
-54,502
Closed -$127K
CRON
1253
Cronos Group
CRON
$1.14B
– –
-66,344
Closed -$184K
CRS icon
1254
Carpenter Technology
CRS
$28.4B
– –
-3,255
Closed -$799K
CSAN icon
1255
Cosan
CSAN
$2.84B
– –
-18,478
Closed -$85K
CSCO icon
1256
Cisco
CSCO
$479B
– –
-49,648
Closed -$3.4M
CSGP icon
1257
CoStar Group
CSGP
$12.3B
– –
-20,024
Closed -$1.69M
CSX icon
1258
CSX Corp
CSX
$93.1B
– –
-52,855
Closed -$1.88M
CTS icon
1259
CTS Corp
CTS
$1.89B
– –
-5,440
Closed -$217K
CTSH icon
1260
Cognizant
CTSH
$26B
– –
-21,636
Closed -$1.45M
CTVA icon
1261
Corteva
CTVA
$51.3B
– –
-9,601
Closed -$649K
CUK
1262
DELISTED
Carnival PLC
CUK
– –
-12,006
Closed -$317K
CURI icon
1263
CuriosityStream
CURI
$161M
– –
-43,013
Closed -$228K
CVGW
1264
DELISTED
Calavo Growers
CVGW
– –
-10,824
Closed -$279K
CVNA icon
1265
Carvana
CVNA
$77.9B
– –
-28,045
Closed -$2.12M
CWK icon
1266
Cushman & Wakefield Ltd
CWK
$3.25B
– –
-16,234
Closed -$258K
CXDO icon
1267
Crexendo
CXDO
$222M
– –
-26,439
Closed -$172K
CXM icon
1268
Sprinklr
CXM
$1.61B
– –
-24,434
Closed -$189K
CZR icon
1269
Caesars Entertainment
CZR
$6.14B
– –
-7,861
Closed -$212K
DAN icon
1270
Dana Inc
DAN
$3.06B
– –
-13,717
Closed -$275K
DASH icon
1271
DoorDash
DASH
$93.7B
– –
-4,246
Closed -$1.15M
DAVA icon
1272
Endava
DAVA
$156M
– –
-37,064
Closed -$337K
DCTH icon
1273
Delcath Systems
DCTH
$524M
– –
-32,958
Closed -$354K
DEC
1274
Diversified Energy Company
DEC
$980M
– –
-15,349
Closed -$215K
DELL icon
1275
Dell
DELL
$293B
– –
-6,051
Closed -$858K
49 50
51
52 53

Similar funds

SP
Stockbridge Partners Boston, Massachusetts $4.14B AUM 16.9% 1-Year Est. Return
BOK
Bank of Korea Seoul, South Korea $4.13B AUM
ZP
Zimmer Partners New York $4.15B AUM 14.2% 1-Year Est. Return
SHCM
Sachem Head Capital Management New York $4.15B AUM 48.05% 1-Year Est. Return
AP
Altarock Partners West Palm Beach, Florida $4.13B AUM 0.04% 1-Year Est. Return
BHC
Bowen Hanes & Co Ponte Vedra Beach, Florida $4.11B AUM 41.61% 1-Year Est. Return
BG
Bellevue Group Kuesnacht, Switzerland $4.2B AUM 54.85% 1-Year Est. Return
MGP
Metis Global Partners San Diego, California $4.07B AUM 30.82% 1-Year Est. Return

Graham Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Graham Capital Management held 1,653 positions worth $4.18B, down 34% from $6.32B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Graham Capital Management withdrew a net $1.72B in Q4 2025, closing 464 positions and reducing 355 holdings. Its most notable exit was Vanguard Morningstar Value ETF, an estimated $32.8M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.9% of assets, up from 3.7% a quarter earlier, followed by Industrials and Financials.

Against the trend, Graham Capital Management opened a new position in Cipher Digital worth $33.3M.

  • Graham Capital Management's largest Q4 2025 buy was Cipher Digital: 2,258,042 shares worth $33.3M.
  • Graham Capital Management added most to Netflix in Q4 2025, an estimated $38M increase.
  • Graham Capital Management's biggest Q4 2025 reduction was VanEck Gold Miners ETF, cutting an estimated $62.2M.
  • Graham Capital Management fully exited Vanguard Morningstar Value ETF in Q4 2025, selling an estimated $32.8M.
  • Graham Capital Management's ten largest holdings make up 35% of its $4.18B portfolio in Q4 2025.
  • Graham Capital Management opened 441 new positions and closed 464 in Q4 2025.
  • Graham Capital Management's portfolio value fell 34% quarter-over-quarter to $4.18B.

Based on Graham Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.