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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
MCK icon
1401
McKesson
MCK
$101B
– –
-3,971
Closed -$2.26M
MDT icon
1402
Medtronic
MDT
$112B
– –
-16,548
Closed -$1.32M
MET icon
1403
MetLife
MET
$62.1B
– –
-62,196
Closed -$5.09M
MGM icon
1404
MGM Resorts International
MGM
$11.2B
– –
-78,448
Closed -$2.72M
MHK icon
1405
Mohawk Industries
MHK
$9.22B
– –
-4,500
Closed -$536K
MKC icon
1406
McCormick & Company Non-Voting
MKC
$14.2B
– –
-6,294
Closed -$480K
MKSI icon
1407
MKS Inc
MKSI
$20.6B
– –
-9,110
Closed -$951K
MLI icon
1408
Mueller Industries
MLI
$15.2B
– –
-12,000
Closed -$476K
MNRO icon
1409
Monro
MNRO
$398M
– –
-30,667
Closed -$761K
MO icon
1410
Altria Group
MO
$114B
– –
-33,313
Closed -$1.74M
MODV
1411
DELISTED
ModivCare
MODV
– –
-23,157
Closed -$274K
MOH icon
1412
Molina Healthcare
MOH
$10.3B
– –
-961
Closed -$280K
MRC
1413
DELISTED
MRC Global
MRC
– –
-46,361
Closed -$592K
MRSN
1414
DELISTED
Mersana Therapeutics
MRSN
– –
-1,989
Closed -$71.1K
MSI icon
1415
Motorola Solutions
MSI
$77.4B
– –
-6,344
Closed -$2.93M
MSTR icon
1416
Strategy Inc
MSTR
$38.4B
– –
-117,912
Closed -$37.4M
MTN icon
1417
Vail Resorts
MTN
$5.3B
– –
-4,923
Closed -$923K
MWA icon
1418
Mueller Water Products
MWA
$4.16B
– –
-47,772
Closed -$1.07M
NET icon
1419
Cloudflare
NET
$107B
– –
-5,419
Closed -$584K
NFG icon
1420
National Fuel Gas
NFG
$7.65B
– –
-10,251
Closed -$622K
NMR icon
1421
Nomura Holdings
NMR
$29.1B
– –
-17,136
Closed -$99.2K
NOMD icon
1422
Nomad Foods
NOMD
$1.68B
– –
-30,109
Closed -$505K
NOV icon
1423
NOV
NOV
$7B
– –
-88,796
Closed -$1.3M
NPK icon
1424
National Presto Industries
NPK
$989M
– –
-2,625
Closed -$258K
NRG icon
1425
NRG Energy
NRG
$24.8B
– –
-3,059
Closed -$276K
55 56
57
58 59

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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.