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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
-0.11%
1 Year Est. Return
+17.82%
3 Year Est. Return
+41.13%
5 Year Est. Return
+43.39%
10 Year Est. Return
+148.36%
AUM
$4.14B
AUM Growth
-$38.8M
Cap. Flow
-$605M
Cap. Flow %
-14.61%
Top 10 Hldgs %
30.31%
Holding
1,593
New
402
Increased
336
Reduced
352
Closed
473

Top Buys

Rank Stock Value
1
EWY icon
iShares MSCI South Korea ETF
EWY
+$45.4M
2
AMZN icon
Amazon
AMZN
+$35.5M
3
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$34.4M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$26.3M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$24.6M

Top Sells

Rank Stock Value
1
EWC icon
iShares MSCI Canada ETF
EWC
+$43.5M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$26.9M
3
MCD icon
McDonald's
MCD
+$19.7M
4
EOSE icon
Eos Energy Enterprises
EOSE
+$19.3M
5
META icon
Meta Platforms (Facebook)
META
+$18.8M

Sector Composition

Rank Sector Weight
1 Technology 9.27%
2 Financials 6.94%
3 Industrials 6.85%
4 Consumer Discretionary 6.52%
5 Communication Services 3.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTZ icon
1376
MasTec
MTZ
$24.7B
– –
-4,500
Closed -$978K
NBHC icon
1377
National Bank Holdings
NBHC
$1.9B
– –
-6,831
Closed -$260K
NBIX icon
1378
Neurocrine Biosciences
NBIX
$18.4B
– –
-1,829
Closed -$259K
NCLH icon
1379
Norwegian Cruise Line
NCLH
$9.74B
– –
-60,000
Closed -$1.34M
NCMI icon
1380
National CineMedia
NCMI
$371M
– –
-10,271
Closed -$40K
NEWT icon
1381
NewtekOne
NEWT
$425M
– –
-33,034
Closed -$375K
NFBK
1382
DELISTED
Northfield Bancorp
NFBK
– –
-20,128
Closed -$230K
NMRA icon
1383
Neumora Therapeutics
NMRA
$311M
– –
-191,416
Closed -$343K
NOW icon
1384
ServiceNow
NOW
$114B
– –
-14,699
Closed -$2.25M
NPWR icon
1385
NET Power
NPWR
$126M
– –
-59,786
Closed -$136K
NTLA icon
1386
Intellia Therapeutics
NTLA
$1.52B
– –
-29,346
Closed -$264K
NVCR icon
1387
NovoCure
NVCR
$1.89B
– –
-38,857
Closed -$502K
NVRI icon
1388
Enviri
NVRI
$623M
– –
-26,258
Closed -$471K
NWBI icon
1389
Northwest Bancshares
NWBI
$2.33B
– –
-62,032
Closed -$744K
OIH icon
1390
VanEck Oil Services ETF
OIH
$1.99B
– –
-48,000
Closed -$13.7M
OLPX
1391
DELISTED
Olaplex Holdings
OLPX
– –
-73,218
Closed -$98.1K
OM icon
1392
Outset Medical
OM
$87.5M
– –
-51,070
Closed -$189K
OMER icon
1393
Omeros
OMER
$816M
– –
-13,222
Closed -$227K
ONDS icon
1394
CALL
Ondas Inc
ONDS
$4.48B
– –
-100,000
Closed -$976K
ONEW icon
1395
OneWater Marine
ONEW
$217M
– –
-38,642
Closed -$418K
OOMA icon
1396
Ooma
OOMA
$608M
– –
-35,588
Closed -$417K
OPRA
1397
Opera Ltd
OPRA
$1.71B
– –
-18,715
Closed -$265K
ORLA
1398
Orla Mining
ORLA
$3.42B
– –
-13,752
Closed -$185K
OSK icon
1399
Oshkosh
OSK
$9.51B
– –
-3,351
Closed -$421K
OTIS icon
1400
Otis Worldwide
OTIS
$28B
– –
-9,282
Closed -$811K
54 55
56
57 58

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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
BT
Banque Transatlantique Paris, France $4.17B AUM 28.5% 1-Year Est. Return
BHC
Bowen Hanes & Co Ponte Vedra Beach, Florida $4.11B AUM 41.61% 1-Year Est. Return
HIP
HUB Investment Partners Austin, Texas $4.18B AUM 24.76% 1-Year Est. Return

Graham Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Graham Capital Management held 1,593 positions worth $4.14B, down 0.93% from $4.18B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Graham Capital Management withdrew a net $605M in Q1 2026, closing 473 positions and reducing 352 holdings. Its most notable exit was iShares MSCI Canada ETF, an estimated $43.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.3% of assets, up from 8.9% a quarter earlier, followed by Financials and Industrials.

Against the trend, Graham Capital Management opened a new position in iShares MSCI South Korea ETF worth $44.6M.

  • Graham Capital Management's largest Q1 2026 buy was iShares MSCI South Korea ETF: 362,700 shares worth $44.6M.
  • Graham Capital Management added most to Amazon in Q1 2026, an estimated $35.5M increase.
  • Graham Capital Management's biggest Q1 2026 reduction was iShares Bitcoin Trust, cutting an estimated $26.9M.
  • Graham Capital Management fully exited iShares MSCI Canada ETF in Q1 2026, selling an estimated $43.5M.
  • Graham Capital Management's ten largest holdings make up 30% of its $4.14B portfolio in Q1 2026.
  • Graham Capital Management opened 402 new positions and closed 473 in Q1 2026.
  • Graham Capital Management's portfolio value fell 0.93% quarter-over-quarter to $4.14B.

Based on Graham Capital Management's 13F filing for Q1 2026, filed 15 May 2026.