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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
Cap. Flow
-$1.63B
Cap. Flow %
-28.57%
Top 10 Hldgs %
49.29%
Holding
1,579
New
380
Increased
586
Reduced
258
Closed
326

Top Buys

Rank Stock Value
1
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$22M
2
MA icon
Mastercard
MA
+$16.9M
3
C icon
Citigroup
C
+$16.6M
4
ICOW icon
Pacer Developed Markets International Cash Cows 100 ETF
ICOW
+$15.3M
5
MELI icon
Mercado Libre
MELI
+$13.2M

Top Sells

Rank Stock Value
1
MSTR icon
Strategy Inc
MSTR
+$37.4M
2
HPE icon
Hewlett Packard
HPE
+$18.5M
3
PEP icon
PepsiCo
PEP
+$18.1M
4
TIP icon
iShares TIPS Bond ETF
TIP
+$15.7M
5
SO icon
Southern Company
SO
+$15M

Sector Composition

Rank Sector Weight
1 Financials 5.71%
2 Technology 5.51%
3 Industrials 4.35%
4 Consumer Discretionary 4.17%
5 Healthcare 3.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRND icon
1351
Grindr
GRND
$2.95B
– –
-40,829
Closed -$728K
GRPN icon
1352
Groupon
GRPN
$1.02B
– –
-56,989
Closed -$692K
GSAT icon
1353
Globalstar
GSAT
$10.8B
– –
-15,681
Closed -$487K
GSL icon
1354
Global Ship Lease
GSL
$1.53B
– –
-56,060
Closed -$1.22M
GWRE icon
1355
Guidewire Software
GWRE
$14.2B
– –
-16,144
Closed -$2.72M
GXO icon
1356
GXO Logistics
GXO
$5.55B
– –
-18,000
Closed -$783K
HBI
1357
DELISTED
Hanesbrands
HBI
– –
-211,719
Closed -$1.72M
HESM icon
1358
Hess Midstream
HESM
$5.11B
– –
-79,066
Closed -$2.93M
HI
1359
DELISTED
Hillenbrand
HI
– –
-30,200
Closed -$930K
HIMX
1360
Himax Technologies
HIMX
$2.55B
– –
-38,038
Closed -$306K
HIVE
1361
HIVE Digital Technologies
HIVE
$777M
– –
-165,217
Closed -$471K
HLF icon
1362
Herbalife
HLF
$1.29B
– –
-133,526
Closed -$893K
HPE icon
1363
Hewlett Packard
HPE
$70.5B
– –
-865,028
Closed -$18.5M
HROW icon
1364
Harrow
HROW
$1.51B
– –
-11,671
Closed -$392K
HWM icon
1365
Howmet Aerospace
HWM
$112B
– –
-5,231
Closed -$572K
IDA icon
1366
Idacorp
IDA
$8.2B
– –
-31,833
Closed -$3.48M
IEX icon
1367
IDEX
IEX
$17.3B
– –
-20,300
Closed -$4.25M
INCY icon
1368
Incyte
INCY
$24.4B
– –
-3,673
Closed -$254K
INFA
1369
DELISTED
Informatica
INFA
– –
-15,849
Closed -$411K
INO icon
1370
Inovio Pharmaceuticals
INO
$69M
– –
-62,567
Closed -$114K
INSP icon
1371
Inspire Medical Systems
INSP
$1.74B
– –
-1,478
Closed -$274K
INZY
1372
DELISTED
Inozyme Pharma
INZY
– –
-12,044
Closed -$33.4K
IR icon
1373
Ingersoll Rand
IR
$33.7B
– –
-7,209
Closed -$652K
ISRG icon
1374
Intuitive Surgical
ISRG
$134B
– –
-7,182
Closed -$3.75M
ITT icon
1375
ITT
ITT
$19.1B
– –
-24,500
Closed -$3.5M
53 54
55
56 57

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ZP
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AP
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BHC
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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.