Graham Capital Management, L.P. Top Holdings and 13F Report (2026)

About Graham Capital Management, L.P.

Investment Activity

Graham Capital Management, L.P. has $5.50 billion in total holdings as of June 30, 2026.
Graham Capital Management, L.P. owns shares of 1,182 different stocks, but just 139 companies or ETFs make up 80% of its holdings.
Approximately 43.62% of the portfolio was purchased this quarter.
About 27.64% of the portfolio was sold this quarter.
This quarter, Graham Capital Management, L.P. has purchased 1,093 new stocks and bought additional shares in 358 stocks.
Graham Capital Management, L.P. sold shares of 385 stocks and completely divested from 335 stocks this quarter.

Largest Holdings

iShares Russell 2000 ETF: $961,620,270
VanEck Gold Miners ETF: $192,171,150
GAMESTOP CORP: $150,110,830
PENGUIN SOLUTIONS INC: $119,862,616
Invesco QQQ: $114,878,400

Largest New Holdings this Quarter

36467WAG4 - GAMESTOP CORP: $150,110,830 Holding
83205YAE4 - PENGUIN SOLUTIONS INC: $119,862,616 Holding
74623VAD5 - PURECYCLE TECHNOLOGIES INC: $58,063,414 Holding
03823UAF9 - APPLIED OPTOELECTRONICS INC: $49,904,448 Holding
486917107 - KEEL INFRASTRUCTURE CORP: $37,948,139 Holding

Largest Purchases this Quarter

iShares Russell 2000 ETF: 1,684,900 shares (about $506.23M)
GAMESTOP CORP: 147,647,000 shares (about $150.11M)
PENGUIN SOLUTIONS INC: 42,250,000 shares (about $119.86M)
Invesco QQQ: 136,000 shares (about $100.15M)
PURECYCLE TECHNOLOGIES INC: 57,250,000 shares (about $58.06M)

Largest Sales this Quarter

iShares iBoxx $ High Yield Corporate Bond ETF: 2,179,300 shares (about $174.28M)
APPLIED DIGITAL CORP: 11,975,000 shares (about $47.74M)
Micron Technology: 39,594 shares (about $45.70M)
Intel: 324,493 shares (about $45.31M)
iShares MSCI South Korea ETF: 215,596 shares (about $43.53M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
IWM iShares Russell 2000 ETF	$961,620,270	$506,228,205 ▲	111.2%	3,200,600	17.5%	ETF
GDX VanEck Gold Miners ETF	$192,171,150	$8,827,650 ▲	4.8%	2,547,000	3.5%	ETF
GAMESTOP CORP	$150,110,830	$150,110,830 ▲	New Holding	147,647,000	2.7%	NOTE 6/1
PENGUIN SOLUTIONS INC	$119,862,616	$119,862,616 ▲	New Holding	42,250,000	2.2%	NOTE 2.000% 8/1
QQQ Invesco QQQ	$114,878,400	$100,150,400 ▲	680.0%	156,000	2.1%	ETF
APPLIED DIGITAL CORP	$97,120,817	$47,737,216 ▼	-33.0%	24,363,000	1.8%	NOTE 2.750% 6/0
NVDA NVIDIA	$84,373,951	$23,572,403 ▲	38.8%	421,680	1.5%	Technology
GREEN PLAINS INC	$77,985,627	$1,192,258 ▼	-1.5%	57,430,000	1.4%	NOTE 5.250%11/0
AMZN Amazon.com	$75,778,535	$24,043,978 ▼	-24.1%	317,943	1.4%	Consumer Discretionary
GROUPON INC	$73,822,618	$8,834,375 ▲	13.6%	74,371,000	1.3%	NOTE 4.875% 6/3
ISHARES BITCOIN TRUST ETF	$66,566,684	$41,781,014 ▼	-38.6%	1,999,600	1.2%	SHS BEN INT
RIVIAN AUTOMOTIVE INC	$64,045,503		0.0%	59,794,000	1.2%	NOTE 3.625%10/1
CALUMET INC	$61,716,668		0.0%	1,713,400	1.1%	COM
SUNRUN INC	$60,583,864		0.0%	50,940,000	1.1%	NOTE 4.000% 3/0
GOOG Alphabet	$59,284,181	$1,255,028 ▲	2.2%	167,787	1.1%	Communication Services
SPY SPDR S&P 500 ETF Trust	$58,764,883	$35,791,903 ▲	155.8%	127,900	1.1%	ETF
THE REALREAL INC	$58,237,898		0.0%	41,375,000	1.1%	DEBT 4.000% 2/1
PURECYCLE TECHNOLOGIES INC	$58,063,414	$58,063,414 ▲	New Holding	57,250,000	1.1%	NOTE 4.750% 7/0
XME SPDR S&P Metals & Mining ETF	$53,465,000	$48,653,150 ▲	1,011.1%	500,000	1.0%	ETF
APPLIED OPTOELECTRONICS INC	$49,904,448	$49,904,448 ▲	New Holding	14,006,000	0.9%	NOTE 2.750% 1/1
C Citigroup	$47,729,299	$6,742,153 ▼	-12.4%	341,021	0.9%	Finance
TILRAY BRANDS INC	$46,985,925	$12,630,625 ▼	-21.2%	46,500,000	0.9%	NOTE 5.200% 6/1
MARA HOLDINGS INC	$46,096,116	$29,026,827 ▲	170.1%	45,909,000	0.8%	NOTE 3/0
RAMACO RES INC	$41,749,969		0.0%	56,300,000	0.8%	NOTE 11/0
BRIDGEBIO PHARMA INC	$39,650,143		0.0%	22,241,000	0.7%	NOTE 2.500% 3/1
CLEANSPARK INC	$38,604,621		0.0%	29,519,000	0.7%	NOTE 6/1
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$38,265,645	$174,278,621 ▼	-82.0%	478,500	0.7%	ETF
KEEL INFRASTRUCTURE CORP	$37,948,139	$37,948,139 ▲	New Holding	6,611,174	0.7%	COM SHS
GME GameStop	$37,375,390	$384,766 ▲	1.0%	1,692,726	0.7%	Consumer Discretionary
CIFR Cipher Mining	$36,998,455	$16,377,099 ▼	-30.7%	1,510,141	0.7%	Technology
GORILLA TECHNOLOGY GROUP INC	$35,797,916	$35,797,916 ▲	New Holding	1,800,700	0.7%	SHS NEW
FIDELITY WISE ORIGIN BITCOIN	$35,541,010		0.0%	696,200	0.6%	SHS
EMBRAER S.A.	$32,166,174	$6,542,052 ▲	25.5%	504,172	0.6%	SPONSORED ADS
SUPER MICRO COMPUTER INC	$31,775,911	$31,775,911 ▲	New Holding	35,625,000	0.6%	NOTE 6/1
EWY iShares MSCI South Korea ETF	$29,700,298	$43,528,833 ▼	-59.4%	147,104	0.5%	ETF
MU Micron Technology	$29,179,297	$45,702,958 ▼	-61.0%	25,279	0.5%	Technology
META Meta Platforms	$28,207,310	$2,332,021 ▲	9.0%	50,076	0.5%	Communication Services
XHB SPDR S&P Homebuilders ETF	$26,174,340	$21,436,380 ▲	452.4%	226,500	0.5%	ETF
SUPER MICRO COMPUTER INC	$25,641,855	$25,641,855 ▲	New Holding	500,000	0.5%	7 DEP CM SR A WI
TVTX Travere Therapeutics	$25,376,800	$25,376,800 ▲	New Holding	446,696	0.5%	Healthcare
XLV Health Care Select Sector SPDR Fund	$24,592,300	$20,292,614 ▲	472.0%	155,000	0.4%	ETF
BLOCK INC	$24,214,284	$21,706,284 ▲	865.5%	318,609	0.4%	CL A
INTC Intel	$23,913,313	$45,308,957 ▼	-65.5%	171,262	0.4%	Technology
GREEN PLAINS INC	$23,781,412	$4,535,672 ▲	23.6%	23,694,000	0.4%	NOTE 2.250% 3/1
FSLR First Solar	$23,407,232	$28,315 ▼	-0.1%	99,200	0.4%	Technology
BA Boeing	$23,349,320	$3,180,377 ▼	-12.0%	107,864	0.4%	Industrials
PANW Palo Alto Networks	$22,885,852	$5,079,834 ▲	28.5%	67,110	0.4%	Technology
RSP Invesco S&P 500 Equal Weight ETF	$22,553,620	$15,717,107 ▼	-41.1%	106,000	0.4%	ETF
UBER TECHNOLOGIES INC	$22,009,013	$22,009,013 ▲	New Holding	19,000,000	0.4%	NOTE 5/1
KO CocaCola	$21,744,114	$18,431,386 ▲	556.4%	267,554	0.4%	Consumer Staples
XLE Energy Select Sector SPDR Fund	$21,244,000	$21,031,560 ▲	9,900.0%	400,000	0.4%	ETF
TSLA Tesla	$21,137,674	$21,137,674 ▲	New Holding	50,256	0.4%	Consumer Discretionary
EOSE Eos Energy Enterprises	$20,970,702	$5,358,714 ▲	34.3%	3,566,446	0.4%	Industrials
OKTA Okta	$20,931,430	$10,493,687 ▼	-33.4%	153,400	0.4%	Technology
KRE SPDR S&P Regional Banking ETF	$20,059,800	$16,317,300 ▲	436.0%	268,000	0.4%	ETF
NVAX Novavax	$19,742,634	$95,283 ▼	-0.5%	2,095,821	0.4%	Healthcare
MSFT Microsoft	$19,650,321	$7,239,945 ▲	58.3%	52,679	0.4%	Technology
AAPL Apple	$19,531,800	$18,287,552 ▲	1,469.8%	67,500	0.4%	Technology
CEREBRAS SYSTEMS INC	$19,319,820	$19,319,820 ▲	New Holding	87,420	0.4%	COM CL A
AVGO Broadcom	$18,893,544	$18,893,544 ▲	New Holding	50,016	0.3%	Technology
CME CME Group	$18,671,839	$1,491,044 ▲	8.7%	84,553	0.3%	Finance
GLD SPDR Gold Shares	$18,419,000	$9,209,500 ▲	100.0%	50,000	0.3%	ETF
EWW iShares MSCI Mexico ETF	$18,218,953	$441,082 ▼	-2.4%	242,048	0.3%	ETF
EWZ iShares MSCI Brazil ETF	$17,664,000	$1,536,044 ▲	9.5%	512,000	0.3%	ETF
XLB Materials Select Sector SPDR Fund	$16,519,750	$2,033,200 ▲	14.0%	325,000	0.3%	ETF
COST Costco Wholesale	$15,611,123	$10,015,142 ▲	179.0%	16,688	0.3%	Consumer Staples
SHW Sherwin-Williams	$15,253,032	$14,082,344 ▲	1,202.9%	44,299	0.3%	Materials
IEX IDEX	$13,571,156	$26,326 ▼	-0.2%	59,798	0.2%	Industrials
GREEN PLAINS INC	$12,696,598		0.0%	9,350,000	0.2%	DEBT 5.250%11/0
TLT iShares 20+ Year Treasury Bond ETF	$12,444,480	$5,876,560 ▼	-32.1%	144,000	0.2%	ETF
XLI Industrial Select Sector SPDR Fund	$12,269,635	$8,657,650 ▲	239.7%	66,240	0.2%	ETF
NET Cloudflare	$12,076,851	$4,823,676 ▼	-28.5%	49,237	0.2%	Technology
LOW Lowe's Companies	$11,590,057	$7,130,206 ▲	159.9%	52,565	0.2%	Consumer Discretionary
MDB MongoDB	$11,273,140	$747,378 ▲	7.1%	33,561	0.2%	Technology
HD Home Depot	$11,257,898	$4,458,580 ▲	65.6%	31,921	0.2%	Consumer Discretionary
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$10,907,000	$10,907,000 ▲	New Holding	100,000	0.2%	ETF
CRM Salesforce	$10,695,805	$29,298,240 ▼	-73.3%	68,274	0.2%	Technology
NI NiSource	$10,629,660	$10,629,660 ▲	New Holding	223,547	0.2%	Utilities
MA Mastercard	$10,358,798	$4,600,829 ▼	-30.8%	20,169	0.2%	Finance
DDOG Datadog	$10,311,037	$4,305,313 ▼	-29.5%	39,603	0.2%	Technology
HLT Hilton Worldwide	$10,067,794	$7,754,574 ▲	335.2%	30,466	0.2%	Consumer Discretionary
RTX RTX	$10,031,215	$6,895,737 ▲	219.9%	52,871	0.2%	Industrials
FTV Fortive	$9,978,135	$6,589,778 ▲	194.5%	163,335	0.2%	Industrials
SMH VanEck Semiconductor ETF	$9,969,528	$4,197,696 ▲	72.7%	15,200	0.2%	ETF
ENPH Enphase Energy	$9,799,646	$9,260,616 ▲	1,718.0%	199,018	0.2%	Technology
OPEN Opendoor Technologies	$9,796,303	$1,635,101 ▼	-14.3%	2,120,412	0.2%	Real Estate
DT Dynatrace	$9,748,020	$1,277,035 ▼	-11.6%	222,000	0.2%	Technology
GE GE Aerospace	$9,679,607	$8,184,687 ▲	547.5%	25,900	0.2%	Industrials
NVT nVent Electric	$9,525,298	$5,200,243 ▲	120.2%	56,160	0.2%	Industrials
FDX FedEx	$9,422,395	$6,313,327 ▲	203.1%	30,091	0.2%	Industrials
JBHT J.B. Hunt Transport Services	$8,919,943	$4,397,020 ▲	97.2%	30,819	0.2%	Industrials
BRK.B Berkshire Hathaway	$8,820,875	$8,820,875 ▲	New Holding	17,628	0.2%	Finance
HWM Howmet Aerospace	$8,664,820	$5,686,927 ▲	191.0%	32,228	0.2%	Industrials
FAST Fastenal	$8,443,866	$1,634,797 ▲	24.0%	175,804	0.2%	Industrials
AOS A. O. Smith	$8,363,273	$7,394,312 ▲	763.1%	133,343	0.2%	Industrials
CAT Caterpillar	$8,331,778	$1,622,908 ▲	24.2%	7,824	0.2%	Industrials
TMUS T-Mobile US	$8,210,384	$8,210,384 ▲	New Holding	48,950	0.1%	Communication Services
TWLO Twilio	$8,126,926	$1,568,108 ▲	23.9%	39,388	0.1%	Technology
TEMPUS AI INC	$8,052,270	$8,052,270 ▲	New Holding	139,000	0.1%	CL A
CGNX Cognex	$8,024,353	$8,024,353 ▲	New Holding	110,803	0.1%	Technology

Showing largest 100 holdings. View all holdings.

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Graham Capital Management, L.P. Top Holdings and 13F Report (2026)

About Graham Capital Management, L.P.

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

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Graham Capital Management, L.P. Top Holdings and 13F Report (2026)

About Graham Capital Management, L.P.

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofGraham Capital Management, L.P.

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools