Madison Avenue Partners’s Graham Holdings Company GHC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$260M	Hold	245,829	–	–	11.3%	2
2025 Q4	$270M	Hold	245,829	–	–	11.6%	2
2025 Q3	$289M	Buy	245,829 +558	+0.2%	+$577K	17.27%	1
2025 Q2	$232M	Hold	245,271	–	–	15.49%	1
2025 Q1	$236M	Buy	245,271 +10,000	+4%	+$9.31M	20.01%	1
2024 Q4	$205M	Hold	235,271	–	–	21.72%	1
2024 Q3	$193M	Buy	235,271 +1,787	+0.8%	+$1.36M	17.93%	2
2024 Q2	$163M	Buy	233,484 +22,767	+11%	+$16.6M	20.63%	1
2024 Q1	$162M	Buy	210,717 +1,316	+0.6%	+$942K	26.1%	1
2023 Q4	$146M	Hold	209,401	–	–	20.59%	2
2023 Q3	$122M	Buy	209,401 +8,917	+4%	+$5.17M	17.32%	2
2023 Q2	$115M	Buy	200,484 +100	+0%	+$57.9K	25%	1
2023 Q1	$119M	Hold	200,384	–	–	25.68%	1
2022 Q4	$121M	Sell	200,384 -8,337	-4%	-$5.08M	21.45%	1
2022 Q3	$112M	Buy	208,721 +2,984	+1%	+$1.71M	24.09%	1
2022 Q2	$117M	Buy	205,737 +4,779	+2%	+$2.84M	23.86%	1
2022 Q1	$123M	Buy	200,958 +24,441	+14%	+$14.7M	22.94%	1
2021 Q4	$111M	Buy	176,517 +20,754	+13%	+$12.2M	24.07%	1
2021 Q3	$91.8M	Buy	155,763 +27,718	+22%	+$17.3M	20.34%	1
2021 Q2	$81.2M	Buy	128,045 +17,847	+16%	+$11.5M	24.24%	1
2021 Q1	$62M	Sell	110,198 -3,610	-3%	-$2.09M	18.99%	2
2020 Q4	$60.7M	Buy	113,808 +49,507	+77%	+$21.9M	22.08%	2
2020 Q3	$26M	Buy	64,301 +11,429	+22%	+$4.58M	9.32%	4
2020 Q2	$18.1M	Buy	52,872 +27,186	+106%	+$9.56M	7.14%	5
2020 Q1	$8.76M	Buy	+25,686	New	+$13M	4.35%	8