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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
+3.72%
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
$3.29B
AUM Growth
+$764M
Cap. Flow
-$274M
Cap. Flow %
-8.32%
Top 10 Hldgs %
41.92%
Holding
1,449
New
408
Increased
282
Reduced
291
Closed
435

Top Buys

Rank Stock Value
1
RGA icon
Reinsurance Group of America
RGA
+$18.3M
2
SMH icon
VanEck Semiconductor ETF
SMH
+$13.7M
3
VNO icon
Vornado Realty Trust
VNO
+$11.3M
4
IYT icon
iShares US Transportation ETF
IYT
+$8.96M
5
GDX icon
VanEck Gold Miners ETF
GDX
+$8.95M

Top Sells

Rank Stock Value
1
ASO icon
Academy Sports + Outdoors
ASO
+$33.7M
2
INDA icon
iShares MSCI India ETF
INDA
+$20.4M
3
NEOG icon
Neogen
NEOG
+$17.9M
4
V icon
Visa
V
+$14.1M
5
AGR
Avangrid, Inc.
AGR
+$11.1M

Sector Composition

Rank Sector Weight
1 Technology 10.16%
2 Industrials 6.11%
3 Financials 5.96%
4 Consumer Discretionary 5.66%
5 Healthcare 4.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASO icon
151
Academy Sports + Outdoors
ASO
$2.98B
$2.66M 0.08%
50,600
-706,654
-93% -$33.7M
MXL icon
152
MaxLinear
MXL
$6.8B
$2.65M 0.08%
78,100
+61,173
+361% +$2.07M
PAYX icon
153
Paychex
PAYX
$42.7B
$2.64M 0.08%
22,834
-3,036
-12% -$355K
ELF icon
154
e.l.f. Beauty
ELF
$5.81B
$2.62M 0.08%
47,384
+30,088
+174% +$1.47M
BFH icon
155
Bread Financial
BFH
$4.38B
$2.62M 0.08%
69,442
-18,706
-21% -$675K
LBRT icon
156
Liberty Energy
LBRT
$3.25B
$2.61M 0.08%
163,238
-73,903
-31% -$1.18M
MCY icon
157
Mercury Insurance
MCY
$6.07B
$2.61M 0.08%
76,411
+41,027
+116% +$1.36M
ILMN icon
158
Illumina
ILMN
$28.4B
$2.61M 0.08%
13,274
+9,821
+284% +$2.04M
LPLA icon
159
LPL Financial
LPLA
$28.6B
$2.61M 0.08%
12,075
+10,972
+995% +$2.56M
HGV icon
160
Hilton Grand Vacations
HGV
$3.55B
$2.61M 0.08%
67,601
+18,888
+39% +$747K
NATI
161
DELISTED
National Instruments Corp
NATI
$2.6M 0.08%
+70,546
New +$2.76M
AYI icon
162
Acuity Brands
AYI
$10.8B
$2.59M 0.08%
15,635
+780
+5% +$138K
FLGT icon
163
Fulgent Genetics
FLGT
$527M
$2.58M 0.08%
+86,703
New +$3.1M
CALX icon
164
Calix
CALX
$2.39B
$2.58M 0.08%
+37,680
New +$2.53M
PCTY icon
165
Paylocity
PCTY
$7.98B
$2.58M 0.08%
+13,268
New +$2.85M
GOOG icon
166
Alphabet (Google) Class C
GOOG
$4.32T
$2.58M 0.08%
29,040
+12,429
+75% +$1.19M
V icon
167
Visa
V
$677B
$2.57M 0.08%
12,379
-69,876
-85% -$14.1M
DAL icon
168
Delta Air Lines
DAL
$60.1B
$2.56M 0.08%
78,020
+51,736
+197% +$1.71M
CPE
169
DELISTED
Callon Petroleum Company
CPE
$2.55M 0.08%
+68,757
New +$2.82M
AIRC
170
DELISTED
Apartment Income REIT Corp.
AIRC
$2.55M 0.08%
74,255
+61,145
+466% +$2.24M
TSE
171
DELISTED
Trinseo
TSE
$2.55M 0.08%
+112,074
New +$2.47M
THO icon
172
Thor Industries
THO
$4.14B
$2.53M 0.08%
33,560
-1,379
-4% -$111K
AMCX icon
173
AMC Global Media
AMCX
$489M
$2.53M 0.08%
+161,198
New +$3.19M
FRG
174
DELISTED
Franchise Group, Inc.
FRG
$2.52M 0.08%
105,907
+93,965
+787% +$2.45M
CHRD icon
175
Chord Energy
CHRD
$7.39B
$2.5M 0.08%
+18,256
New +$2.68M
5 6
7
8 9

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ZP
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Graham Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Graham Capital Management held 1,449 positions worth $3.29B, up 30% from $2.53B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Graham Capital Management withdrew a net $274M in Q4 2022, closing 435 positions and reducing 291 holdings. Its most notable exit was iShares MSCI India ETF, an estimated $20.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 10% of assets, down from 10% a quarter earlier, followed by Industrials and Financials.

Against the trend, Graham Capital Management opened a new position in VanEck Semiconductor ETF worth $13.7M.

  • Graham Capital Management's largest Q4 2022 buy was VanEck Semiconductor ETF: 135,000 shares worth $13.7M.
  • Graham Capital Management added most to Reinsurance Group of America in Q4 2022, an estimated $18.3M increase.
  • Graham Capital Management's biggest Q4 2022 reduction was Academy Sports + Outdoors, cutting an estimated $33.7M.
  • Graham Capital Management fully exited iShares MSCI India ETF in Q4 2022, selling an estimated $20.4M.
  • Graham Capital Management's ten largest holdings make up 42% of its $3.29B portfolio in Q4 2022.
  • Graham Capital Management opened 408 new positions and closed 435 in Q4 2022.
  • Graham Capital Management's portfolio value rose 30% quarter-over-quarter to $3.29B.

Based on Graham Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.