Graham Capital Management, L.P.: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1315421) · Explore on the interactive board
Graham Capital Management, L.P. disclosed 1160 US equity positions worth $3.7bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is GAMESTOP CORP at 4.0% of the reported book, followed by PENGUIN SOLUTIONS INC, APLD. The top ten holdings are 23.0% of the book, and the portfolio behaves like about 108 equal-weight positions. Versus the prior filing it opened 418 new positions, added to 345, reduced 368 and exited 25. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Graham Capital Management, L.P. own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 418 new, 345 added, 368 reduced, 25 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | GAMESTOP CORP | 4.0% | $150.1m | 147,647,000 | – | new | |
| 2 | PENGUIN SOLUTIONS INC | 3.2% | $119.9m | 42,250,000 | – | new | |
| 3 | APLD APPLIED DIGITAL CORP | Technology | 2.6% | $97.1m | 24,363,000 | -33% | reduced |
| 4 | NVDA NVIDIA CORPORATION | Technology | 2.2% | $82.4m | 411,680 | 40% | added |
| 5 | GREEN PLAINS INC | 2.1% | $78.0m | 57,430,000 | -2% | reduced | |
| 6 | AMZN AMAZON COM INC | Consumer Cyclical | 2.0% | $75.1m | 314,943 | -23% | reduced |
| 7 | GROUPON INC | 2.0% | $73.8m | 74,371,000 | 14% | added | |
| 8 | RIVIAN AUTOMOTIVE INC | 1.7% | $64.0m | 59,794,000 | 0% | held | |
| 9 | SUNRUN INC | 1.6% | $60.6m | 50,940,000 | 0% | held | |
| 10 | THE REALREAL INC | 1.6% | $58.2m | 41,375,000 | 0% | held | |
| 11 | PURECYCLE TECHNOLOGIES INC | 1.6% | $58.1m | 57,250,000 | – | new | |
| 12 | GOOG ALPHABET INC | Communication Services | 1.5% | $57.5m | 162,787 | -1% | reduced |
| 13 | APPLIED OPTOELECTRONICS INC | 1.3% | $49.9m | 14,006,000 | – | new | |
| 14 | C CITIGROUP INC | Financial Services | 1.3% | $47.7m | 341,021 | -12% | reduced |
| 15 | TILRAY BRANDS INC | 1.3% | $47.0m | 46,500,000 | -21% | reduced | |
| 16 | MARA MARA HOLDINGS INC | Financial Services | 1.2% | $46.1m | 45,909,000 | 170% | added |
| 17 | RAMACO RES INC | 1.1% | $41.7m | 56,300,000 | 0% | held | |
| 18 | BBIO BRIDGEBIO PHARMA INC | Healthcare | 1.1% | $39.7m | 22,241,000 | 0% | held |
| 19 | CLEANSPARK INC | 1.0% | $38.6m | 29,519,000 | 0% | held | |
| 20 | HYG ISHARES TR | 1.0% | $38.3m | 478,500 | 94% | added | |
| 21 | KEEL KEEL INFRASTRUCTURE CORP | Technology | 1.0% | $37.9m | 6,611,174 | – | new |
| 22 | CIFR CIPHER DIGITAL INC | Technology | 1.0% | $37.0m | 1,510,141 | -31% | reduced |
| 23 | EMBJ EMBRAER S.A. | Industrials | 0.9% | $32.2m | 504,172 | 26% | added |
| 24 | SUPER MICRO COMPUTER INC | 0.9% | $31.8m | 35,625,000 | – | new | |
| 25 | META META PLATFORMS INC | Communication Services | 0.8% | $28.2m | 50,076 | 9% | added |
| 26 | MU MICRON TECHNOLOGY INC | Technology | 0.7% | $26.3m | 22,779 | -65% | reduced |
| 27 | XHB SPDR SERIES TRUST | 0.7% | $26.2m | 226,500 | 452% | added | |
| 28 | SUPER MICRO COMPUTER INC | 0.7% | $25.6m | 500,000 | – | new | |
| 29 | TVTX TRAVERE THERAPEUTICS INC | Healthcare | 0.7% | $25.4m | 446,696 | – | new |
| 30 | XLV SELECT SECTOR SPDR TR | 0.7% | $24.6m | 155,000 | 472% | added | |
| 31 | XYZ BLOCK INC | Technology | 0.6% | $24.2m | 318,609 | 865% | added |
| 32 | INTC INTEL CORP | Technology | 0.6% | $23.9m | 171,262 | -65% | reduced |
| 33 | GREEN PLAINS INC | 0.6% | $23.8m | 23,694,000 | 24% | added | |
| 34 | FSLR FIRST SOLAR INC | Technology | 0.6% | $23.4m | 99,200 | -0% | held |
| 35 | BA BOEING CO | Industrials | 0.6% | $23.3m | 107,864 | -9% | reduced |
| 36 | PANW PALO ALTO NETWORKS INC | Technology | 0.6% | $22.9m | 67,110 | 29% | added |
| 37 | EWY ISHARES INC | 0.6% | $22.6m | 112,004 | -69% | reduced | |
| 38 | RSP INVESCO EXCHANGE TRADED FD T | 0.6% | $22.6m | 106,000 | -41% | reduced | |
| 39 | UBER TECHNOLOGIES INC | 0.6% | $22.0m | 19,000,000 | – | new | |
| 40 | KO COCA COLA CO | Consumer Defensive | 0.6% | $21.7m | 267,554 | 556% | added |
| 41 | EOSE EOS ENERGY ENTERPRISES INC | Industrials | 0.6% | $21.0m | 3,566,446 | – | new |
| 42 | SPY STATE STR SPDR S&P 500 ETF T | 0.6% | $20.8m | 27,900 | – | new | |
| 43 | KRE SPDR SERIES TRUST | 0.5% | $20.1m | 268,000 | 436% | added | |
| 44 | AVGO BROADCOM INC | Technology | 0.5% | $18.9m | 50,016 | – | new |
| 45 | CME CME GROUP INC | Financial Services | 0.5% | $18.7m | 84,553 | 9% | added |
| 46 | IWM ISHARES TR | 0.5% | $18.6m | 62,000 | -35% | reduced | |
| 47 | XLE SELECT SECTOR SPDR TR | 0.5% | $18.6m | 350,000 | 8650% | added | |
| 48 | EWZ ISHARES INC | 0.4% | $15.9m | 462,000 | -1% | reduced | |
| 49 | COST COSTCO WHOLESALE CORPORATION | Consumer Defensive | 0.4% | $15.6m | 16,688 | 179% | added |
| 50 | OKTA OKTA INC | Technology | 0.4% | $15.6m | 114,400 | -43% | reduced |
What did Graham Capital Management, L.P. sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| PURECYCLE TECHNOLOGIES INC | 13.3% | $59.4m |
| XLF SELECT SECTOR SPDR TR | 7.3% | $32.5m |
| TVTX TRAVERE THERAPEUTICS INC | 4.8% | $21.4m |
| SOLARIS ENERGY INFRAS INC | 3.7% | $16.6m |
| APPLIED OPTOELECTRONICS INC | 3.3% | $14.6m |
| UPS UNITED PARCEL SVCS INC | 3.0% | $13.2m |
| TE T1 ENERGY INC | 2.5% | $11.1m |
| IVE ISHARES TR | 2.3% | $10.1m |
| TJX TJX COS INC NEW | 1.9% | $8.3m |
| KHC KRAFT HEINZ CO | 1.5% | $6.9m |
| MS MORGAN STANLEY | 1.4% | $6.3m |
| AON AON PLC | 1.2% | $5.2m |
| HONGBP HONEYWELL INTL INC | 1.1% | $4.8m |
| A AGILENT TECHNOLOGIES INC | 1.1% | $4.8m |
| WWD WOODWARD INC | 1.0% | $4.6m |
| TGT TARGET CORP | 0.9% | $4.1m |
| BCE BCE INC | 0.9% | $4.0m |
| MMM 3M CO | 0.8% | $3.5m |
| CNI CANADIAN NATL RY CO | 0.7% | $3.3m |
| ODFL OLD DOMINION FREIGHT LINE IN | 0.7% | $3.3m |
| INVH INVITATION HOMES INC | 0.7% | $3.2m |
| EMR EMERSON ELEC CO | 0.7% | $3.2m |
| CI THE CIGNA GROUP | 0.7% | $3.1m |
| NYT NEW YORK TIMES CO MTN BE | 0.6% | $2.9m |
| HDB HDFC BANK LTD | 0.6% | $2.8m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 17.8% |
| Industrials | 10.7% |
| Financial Services | 7.7% |
| Consumer Cyclical | 7.6% |
| Healthcare | 4.2% |
| Consumer Defensive | 3.5% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Graham Capital Management, L.P.'s portfolio?
Across every quarter Graham Capital Management, L.P. has filed, its median largest position is 3.6% of the book and its median top-ten weight is 22.6%, which WhaleCreep classifies as diversified (the gate is a median largest position of 5%). Of 336.0 completed holding spells, the median lasted 1.0 quarters; 1160.0 positions are still open and their final length is unknown.