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Graham Capital Management Portfolio holdings
AUM
$5.5B
Turnover
50.64%
1-Year Est. Return
26.66%
This Fund
S&P 500
This Quarter
Est. Return
-0.11%
1 Year Est. Return
+26.66%
3 Year Est. Return
+60.37%
5 Year Est. Return
+53.44%
10 Year Est. Return
+161.9%
AUM
$4.14B
AUM Growth
-$38.8M
(-0.93%)
Cap. Flow
-$608M
Cap. Flow
% of AUM
-14.69%
Top 10 Holdings %
Top 10 Hldgs %
30.31%
Holding
1,593
New
402
Increased
336
Reduced
352
Closed
473
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI South Korea ETF
EWY
|
+$45.4M |
| 2 |
Amazon
AMZN
|
+$35.5M |
| 3 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$34.4M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$26.3M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$24.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Canada ETF
EWC
|
+$43.5M |
| 2 |
iShares Bitcoin Trust
IBIT
|
+$26.9M |
| 3 |
McDonald's
MCD
|
+$19.7M |
| 4 |
Eos Energy Enterprises
EOSE
|
+$19.3M |
| 5 |
Meta Platforms (Facebook)
META
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.66% |
| 2 | Technology | 9.27% |
| 3 | Financials | 6.94% |
| 4 | Industrials | 6.85% |
| 5 | Consumer Discretionary | 6.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PUT
iShares Russell 2000 ETF
IWM
$76.2B
| $315M | 7.61% |
+1,270,400
| New | +$328M |
2026 Q1
0 quarters
|
|
2
CALL
VanEck Gold Miners ETF
GDX
$26.3B
| $213M | 5.14% |
+2,320,000
| New | +$229M |
2026 Q1
0 quarters
|
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $192M | 4.63% |
2,410,900
+2,010,900
| +503% | +$162M |
2025 Q3
2 quarters
|
|
|
4
PUT
iShares Bitcoin Trust
IBIT
$65.6B
| $89.5M | 2.16% |
2,328,800
+167,100
| +8% | +$7.24M |
2024 Q4
5 quarters
|
|
|
5
Amazon
AMZN
$2.7T
| $85M | 2.05% |
408,024
+161,152
| +65% | +$35.5M |
2021 Q4
17 quarters
|
|
6
PUT
Calumet Specialty Products
CLMT
$5.08B
| $61.5M | 1.49% |
1,713,400
-896,700
| -34% | -$23.2M |
2025 Q1
4 quarters
|
|
7
NVIDIA
NVDA
$5.17T
| $51.3M | 1.24% |
293,871
+71,592
| +32% | +$13.1M |
2023 Q2
11 quarters
|
|
|
8
Alphabet (Google) Class C
GOOG
$4.12T
| $47.1M | 1.14% |
164,235
+83,581
| +104% | +$26.3M |
2021 Q4
17 quarters
|
|
|
9
iShares MSCI South Korea ETF
EWY
$21.4B
| $44.6M | 1.08% |
+362,700
| New | +$45.4M |
2026 Q1
0 quarters
|
|
10
Citigroup
C
$208B
| $44.1M | 1.07% |
389,193
+148,099
| +61% | +$16.9M |
2023 Q2
11 quarters
|
|
11
PUT
Fidelity Wise Origin Bitcoin Fund
FBTC
$15.1B
| $41.1M | 0.99% |
696,200
-470,600
| -40% | -$31.3M |
2025 Q2
3 quarters
|
|
12
PUT
GameStop
GME
$13.5B
| $38.6M | 0.93% |
1,675,300
+200
| +0% | +$4.64K |
2025 Q2
3 quarters
|
|
|
13
CALL
iShares Russell 2000 ETF
IWM
$76.2B
| $37.2M | 0.9% |
+150,000
| New | +$38.7M |
2026 Q1
0 quarters
|
|
|
14
iShares Bitcoin Trust
IBIT
$65.6B
| $35.6M | 0.86% |
925,862
-621,993
| -40% | -$26.9M |
2024 Q1
8 quarters
|
|
15
PUT
Lucid Motors
LCID
$1.23B
| $34.6M | 0.83% |
3,625,500
+3,282,180
| +956% | +$34.1M |
2023 Q3
10 quarters
|
|
16
Invesco S&P 500 Equal Weight ETF
RSP
$97.8B
| $34.5M | 0.83% |
179,869
+121,069
| +206% | +$24M |
2024 Q3
6 quarters
|
|
17
Netflix
NFLX
$294B
| $33.4M | 0.81% |
346,906
-47,017
| -12% | -$4.14M |
2023 Q3
10 quarters
|
|
|
18
State Street Financial Select Sector SPDR ETF
XLF
$51.6B
| $32.5M | 0.79% |
+659,300
| New | +$34.4M |
2026 Q1
0 quarters
|
|
19
Salesforce
CRM
$198B
| $31.3M | 0.76% |
167,792
+84,040
| +100% | +$17.4M |
2025 Q2
3 quarters
|
|
20
Cipher Digital
CIFR
$3.73B
| $28M | 0.68% |
2,178,594
-79,448
| -4% | -$1.26M |
2025 Q4
1 quarter
|
|
|
21
Meta Platforms (Facebook)
META
$1.81T
| $26.3M | 0.63% |
45,936
-29,301
| -39% | -$18.8M |
2021 Q4
17 quarters
|
|
22
Embraer S.A. ADS
EMBJ
$12.9B
| $23.8M | 0.58% |
401,632
+156,360
| +64% | +$10.7M |
2024 Q2
7 quarters
|
|
23
Boeing
BA
$150B
| $23.7M | 0.57% |
119,056
+1,000
| +0.8% | +$228K |
2024 Q4
5 quarters
|
|
|
24
iShares Russell 2000 ETF
IWM
$76.2B
| $23.6M | 0.57% |
+95,300
| New | +$24.6M |
2026 Q1
0 quarters
|
|
25
CME Group
CME
$106B
| $23M | 0.56% |
77,801
-2,231
| -3% | -$663K |
2013 Q2
51 quarters
|
|
Similar funds
MC
SCM
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 $608M 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 Miscellaneous at 55% of assets, down from 59% a quarter earlier, followed by Technology and Financials.
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.