Graham Capital Management, L.P. 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Graham Capital Management, L.P. disclosed 1217 US equity positions worth $3.2bn in its Q1 2025 13F filing. The largest position was PERMIAN RESOURCES CORP at 5.2% of the reported book, followed by BLOOM ENERGY CORP and IBIT. Against the Q4 2024 filing, it opened 7 new positions, added to 21 and reduced 14 among the top 50 holdings.
What did Graham Capital Management, L.P. own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | PERMIAN RESOURCES CORP | 5.2% | $165.4m | 67,381,000 | 0% | held | |
| 2 | BLOOM ENERGY CORP | 3.5% | $110.8m | 86,144,000 | 0% | held | |
| 3 | IBIT ISHARES BITCOIN TRUST ETF | 3.3% | $103.5m | 2,211,852 | -6% | reduced | |
| 4 | COIN COINBASE GLOBAL INC | 2.3% | $74.0m | 75,500,000 | 0% | held | |
| 5 | PENN PENN ENTERTAINMENT INC | 2.0% | $63.9m | 62,179,000 | 0% | held | |
| 6 | BBIO BRIDGEBIO PHARMA INC | 2.0% | $63.6m | 55,741,000 | 0% | held | |
| 7 | NVAX NOVAVAX INC | 2.0% | $63.2m | 67,827,000 | 0% | held | |
| 8 | TILRAY BRANDS INC | 1.9% | $60.7m | 64,500,000 | -27% | reduced | |
| 9 | RIVIAN AUTOMOTIVE INC | 1.9% | $60.6m | 69,794,000 | 0% | held | |
| 10 | BLOOM ENERGY CORP | 1.5% | $47.5m | 36,170,000 | – | new | |
| 11 | TRANSOCEAN INC | 1.3% | $39.9m | 39,076,000 | -6% | reduced | |
| 12 | GROUPON INC | 1.2% | $37.3m | 35,500,000 | 69% | added | |
| 13 | ECHOSTAR CORP | 1.2% | $36.9m | 33,000,000 | 53% | added | |
| 14 | PURECYCLE TECHNOLOGIES INC | 1.1% | $33.5m | 40,517,000 | 9% | added | |
| 15 | GREEN PLAINS INC | 1.0% | $31.7m | 37,803,000 | -27% | reduced | |
| 16 | PEABODY ENGR CORP | 1.0% | $30.6m | 29,510,000 | -55% | reduced | |
| 17 | XLU SELECT SECTOR SPDR TR | 0.9% | $28.0m | 355,000 | 380% | added | |
| 18 | PLUG PWR INC | 0.9% | $27.1m | 27,459,000 | -3% | reduced | |
| 19 | TVTX TRAVERE THERAPEUTICS INC | 0.7% | $20.7m | 20,762,000 | -46% | reduced | |
| 20 | C CITIGROUP INC | Financial Services | 0.6% | $20.0m | 281,047 | 342% | added |
| 21 | CME CME GROUP INC | Financial Services | 0.6% | $19.9m | 75,000 | 0% | held |
| 22 | META META PLATFORMS INC | Communication Services | 0.6% | $19.9m | 34,465 | -9% | reduced |
| 23 | MMM 3M CO | Industrials | 0.6% | $19.1m | 130,090 | 20% | added |
| 24 | JNJ JOHNSON & JOHNSON | Healthcare | 0.6% | $19.0m | 114,555 | 3% | added |
| 25 | MA MASTERCARD INCORPORATED | Financial Services | 0.5% | $17.0m | 31,082 | – | new |
| 26 | ICOW PACER FDS TR | 0.5% | $15.6m | 495,435 | – | new | |
| 27 | BLACKSTONE MORTGAGE TRUST IN | 0.5% | $15.5m | 15,888,000 | -37% | reduced | |
| 28 | HYG ISHARES TR | 0.5% | $14.5m | 184,200 | -43% | reduced | |
| 29 | BA BOEING CO | Industrials | 0.5% | $14.3m | 83,706 | 8% | added |
| 30 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.4% | $14.1m | 7,214 | 1131% | added |
| 31 | AMZN AMAZON COM INC | Consumer Cyclical | 0.4% | $13.7m | 72,052 | -28% | reduced |
| 32 | NVDA NVIDIA CORPORATION | Technology | 0.4% | $13.7m | 126,065 | -37% | reduced |
| 33 | NU NU HLDGS LTD | Financial Services | 0.4% | $12.9m | 1,264,296 | 148% | added |
| 34 | CNQ CANADIAN NAT RES LTD | Energy | 0.4% | $12.9m | 419,001 | 57% | added |
| 35 | RGA REINSURANCE GRP OF AMERICA I | Financial Services | 0.4% | $12.5m | 63,631 | 54% | added |
| 36 | CSCO CISCO SYS INC | Technology | 0.4% | $12.4m | 200,855 | 92% | added |
| 37 | DG DOLLAR GEN CORP NEW | Consumer Defensive | 0.4% | $12.0m | 136,339 | 171% | added |
| 38 | GOOG ALPHABET INC | Communication Services | 0.4% | $11.8m | 75,600 | 27% | added |
| 39 | HD HOME DEPOT INC | Consumer Cyclical | 0.4% | $11.5m | 31,293 | 116% | added |
| 40 | BP BP PLC | Energy | 0.4% | $11.2m | 330,057 | 44% | added |
| 41 | VUG VANGUARD INDEX FDS | 0.3% | $10.8m | 29,000 | – | new | |
| 42 | CMS CMS ENERGY CORP | Utilities | 0.3% | $10.6m | 140,669 | 77% | added |
| 43 | EMBJ EMBRAER S.A. | Industrials | 0.3% | $10.5m | 227,859 | -17% | reduced |
| 44 | CARR CARRIER GLOBAL CORPORATION | Industrials | 0.3% | $10.5m | 165,826 | 16% | added |
| 45 | D DOMINION ENERGY INC | Utilities | 0.3% | $10.2m | 181,917 | – | new |
| 46 | THE REALREAL INC | 0.3% | $10.1m | 12,100,000 | – | new | |
| 47 | NI NISOURCE INC | Utilities | 0.3% | $9.8m | 243,814 | – | new |
| 48 | HBAN HUNTINGTON BANCSHARES INC | Financial Services | 0.3% | $9.7m | 644,586 | 99% | added |
| 49 | NFLX NETFLIX INC | Communication Services | 0.3% | $9.6m | 10,258 | -58% | reduced |
| 50 | ALL ALLSTATE CORP | Financial Services | 0.3% | $9.3m | 45,007 | 43% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.