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
+7.17%
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
$6.32B
AUM Growth
-$299M
Cap. Flow
-$1.27B
Cap. Flow %
-20.09%
Top 10 Hldgs %
55.44%
Holding
1,726
New
458
Increased
249
Reduced
476
Closed
529

Top Buys

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$42.9M
2
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$20.3M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$13.4M
4
BBIO icon
BridgeBio Pharma
BBIO
+$12.4M
5
EWY icon
iShares MSCI South Korea ETF
EWY
+$12.3M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$16M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$15.8M
3
CAT icon
Caterpillar
CAT
+$15.8M
4
ICE icon
Intercontinental Exchange
ICE
+$13.1M
5
CVX icon
Chevron
CVX
+$12.9M

Sector Composition

Rank Sector Weight
1 Industrials 3.82%
2 Technology 3.72%
3 Financials 3.06%
4 Consumer Discretionary 2.78%
5 Healthcare 2.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNY icon
1601
Sanofi
SNY
$104B
– –
-9,622
Closed -$465K
SPB icon
1602
Spectrum Brands
SPB
$2.02B
– –
-26,437
Closed -$1.4M
SPHR icon
1603
Sphere Entertainment
SPHR
$5.84B
– –
-11,144
Closed -$466K
SPLV icon
1604
Invesco S&P 500 Low Volatility ETF
SPLV
$7.17B
– –
-24,500
Closed -$1.78M
SQM icon
1605
Sociedad Química y Minera de Chile
SQM
$20.8B
– –
-32,956
Closed -$1.16M
SR icon
1606
Spire
SR
$4.79B
– –
-22,630
Closed -$1.65M
SRG
1607
Seritage Growth Properties
SRG
$136M
– –
-17,850
Closed -$55K
SRI icon
1608
Stoneridge
SRI
$203M
– –
-19,040
Closed -$134K
ST icon
1609
Sensata Technologies
ST
$6.66B
– –
-28,334
Closed -$853K
SSYS icon
1610
Stratasys
SSYS
$769M
– –
-39,579
Closed -$454K
STM icon
1611
STMicroelectronics
STM
$48.5B
– –
-16,368
Closed -$498K
STN icon
1612
Stantec
STN
$8.35B
– –
-5,672
Closed -$616K
STNE icon
1613
StoneCo
STNE
$2.52B
– –
-10,395
Closed -$167K
SUPN icon
1614
Supernus Pharmaceuticals
SUPN
$2.74B
– –
-10,480
Closed -$330K
SUZ icon
1615
Suzano
SUZ
$10B
– –
-66,811
Closed -$629K
SVC
1616
Service Properties Trust
SVC
$1.05B
– –
-8,256
Closed -$98.7K
SWX icon
1617
Southwest Gas
SWX
$6.56B
– –
-25,119
Closed -$1.87M
TALO icon
1618
Talos Energy
TALO
$2.6B
– –
-588,200
Closed -$4.99M
TARS icon
1619
Tarsus Pharmaceuticals
TARS
$2.97B
– –
-24,774
Closed -$1M
TDG icon
1620
TransDigm Group
TDG
$67.6B
– –
-2,108
Closed -$3.21M
TDW icon
1621
Tidewater
TDW
$4.46B
– –
-6,210
Closed -$286K
TDY icon
1622
Teledyne Technologies
TDY
$32B
– –
-710
Closed -$364K
TECH icon
1623
Bio-Techne
TECH
$11.2B
– –
-6,243
Closed -$321K
TENB icon
1624
Tenable Holdings
TENB
$4.04B
– –
-12,257
Closed -$414K
TFC icon
1625
Truist Financial
TFC
$63.4B
– –
-16,100
Closed -$692K
63 64
65
66 67

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
CA
CSM Advisors Warrendale, Pennsylvania $4.07B AUM 29.62% 1-Year Est. Return

Graham Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Graham Capital Management held 1,726 positions worth $6.32B, down 4.5% from $6.62B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Graham Capital Management withdrew a net $1.27B in Q3 2025, closing 529 positions and reducing 476 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $16M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 3.8% of assets, down from 4.3% a quarter earlier, followed by Technology and Financials.

Against the trend, Graham Capital Management opened a new position in iShares Russell 2000 ETF worth $14.1M.

  • Graham Capital Management's largest Q3 2025 buy was iShares Russell 2000 ETF: 58,400 shares worth $14.1M.
  • Graham Capital Management added most to VanEck Gold Miners ETF in Q3 2025, an estimated $42.9M increase.
  • Graham Capital Management's biggest Q3 2025 reduction was iShares Bitcoin Trust, cutting an estimated $15.8M.
  • Graham Capital Management fully exited iShares MSCI Emerging Markets ETF in Q3 2025, selling an estimated $16M.
  • Graham Capital Management's ten largest holdings make up 55% of its $6.32B portfolio in Q3 2025.
  • Graham Capital Management opened 458 new positions and closed 529 in Q3 2025.
  • Graham Capital Management's portfolio value fell 4.5% quarter-over-quarter to $6.32B.

Based on Graham Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.