Graham Capital Management, L.P.
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$4.14B
Q ending 2026-03-31
Prior quarter
$4.18B
Q ending 2025-12-31
Change
-0.9% QoQ · -27.6% YoY
Positions
1,120
reported holdings
Largest positions
Top 100 of 1,120 reported positions by value, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Ishares Tr | IWM | Put | $315.1M | 1.3M |
| Vaneck Etf Trust | GDX | Call | $212.9M | 2.3M |
| Ishares Tr | HYG | Put | $191.8M | 2.4M |
| Applied Digital Corp | APLD 2.75 06/01/30 | Principal | $96.5M | 36.3M |
| Ishares Bitcoin Trust Etf | IBIT | Put | $89.5M | 2.3M |
| Amazon Com Inc | AMZN | Shares | $85.0M | 408K |
| Green Plains Inc | GPRE 5.25 11/01/30 UNRS | Principal | $82.2M | 58.3M |
| Calumet Inc | CLMT | Put | $61.5M | 1.7M |
| Sunrun Inc | RUN 4 03/01/30 | Principal | $60.7M | 50.9M |
| Tilray Brands Inc | TLRY 5.2 06/15/27 | Principal | $59.7M | 59.0M |
| Purecycle Technologies Inc | PCT 7.25 08/15/30 | Principal | $59.4M | 68.2M |
| Rivian Automotive Inc | RIVN 3.625 10/15/30 | Principal | $57.4M | 59.8M |
| Groupon Inc | GRPN 4.875 06/30/30 UNRS | Principal | $54.1M | 65.5M |
| Nvidia Corporation | NVDA | Shares | $51.3M | 294K |
| The Realreal Inc | REAL 4 02/15/31 | Principal | $49.5M | 41.4M |
| Alphabet Inc | GOOG | Shares | $47.1M | 164K |
| Ishares Inc | EWY | Shares | $44.6M | 363K |
| Citigroup Inc | C | Shares | $44.1M | 389K |
| Ramaco Res Inc | METC 0 11/01/31 | Principal | $43.2M | 56.3M |
| Fidelity Wise Origin Bitcoin | FBTC | Put | $41.1M | 696K |
| Bridgebio Pharma Inc | BBIO 2.5 03/15/27 | Principal | $40.1M | 22.2M |
| Gamestop Corp | GME | Put | $38.6M | 1.7M |
| Ishares Tr | IWM | Call | $37.2M | 150K |
| Ishares Bitcoin Trust Etf | IBIT | Shares | $35.6M | 926K |
| Lucid Group Inc | LCID | Put | $34.6M | 3.6M |
| Invesco Exchange Traded Fd T | RSP | Shares | $34.5M | 180K |
| Netflix Inc. | NFLX | Shares | $33.4M | 347K |
| Select Sector Spdr Tr | XLF | Shares | $32.5M | 659K |
| Salesforce Inc | CRM | Shares | $31.3M | 168K |
| Cleanspark Inc | CLSK 0 06/15/30 | Principal | $28.7M | 29.5M |
| Cipher Digital Inc | CIFR | Shares | $28.0M | 2.2M |
| Meta Platforms Inc | META | Shares | $26.3M | 46K |
| Embraer S.A. | EMBJ | Shares | $23.8M | 402K |
| Boeing Co | BA | Shares | $23.7M | 119K |
| Ishares Tr | IWM | Shares | $23.6M | 95K |
| Cme Group Inc | CME | Shares | $23.0M | 78K |
| Micron Technology Inc | MU | Shares | $21.9M | 65K |
| Intel Corp | INTC | Shares | $21.9M | 496K |
| Travere Therapeutics Inc | TVTX 2.25 03/01/29 | Principal | $21.4M | 16.9M |
| Procter & Gamble Co | PG | Shares | $20.5M | 142K |
| Ishares Tr | HYG | Shares | $19.6M | 247K |
| First Solar Inc | FSLR | Shares | $19.6M | 99K |
| Green Plains Inc | GPRE 2.25 03/15/27 | Principal | $19.3M | 19.2M |
| Ishares Inc | EWW | Shares | $18.7M | 248K |
| Ishares Inc | EWZ | Shares | $17.9M | 467K |
| Purecycle Technologies Inc | PCT | Put | $17.5M | 3.4M |
| Novavax Inc | NVAX | Put | $17.0M | 2.1M |
| Visa Inc | V | Shares | $16.6M | 55K |
| Solaris Energy Infras Inc | SEI 0.25 10/01/31 | Principal | $16.6M | 13.2M |
| Ishares Tr | EEM | Shares | $16.5M | 290K |
| Salesforce Inc | CRM | Call | $16.3M | 88K |
| Bloom Energy Corp | BE | Shares | $15.8M | 117K |
| Okta Inc | OKTA | Shares | $15.8M | 200K |
| Spotify Technology S A | Shares | $15.6M | 32K | |
| Automatic Data Processing In | ADP | Shares | $15.1M | 74K |
| Mara Holdings Inc | MARA 0 03/01/30 | Principal | $15.1M | 17.0M |
| Applied Optoelectronics Inc | Principal | $14.6M | 6.5M | |
| Mastercard Incorporated | MA | Shares | $14.6M | 29K |
| Cloudflare Inc | NET | Shares | $14.2M | 69K |
| Metlife Inc | MET | Shares | $13.7M | 193K |
| United Parcel Svcs Inc | UPS | Shares | $13.2M | 134K |
| Green Plains Inc | GPRE 5.25 11/01/30 144A | Principal | $13.2M | 9.3M |
| Eos Energy Enterprises Inc | EOSE | Put | $13.2M | 2.7M |
| Southern Co | SO | Shares | $12.5M | 129K |
| Ishares Tr | TLT | Put | $12.1M | 140K |
| Oreilly Automotive Inc | ORLY | Shares | $11.8M | 128K |
| Goldman Sachs Group Inc | GS | Shares | $11.6M | 14K |
| Opendoor Technologies Inc | OPEN | Shares | $11.6M | 2.5M |
| Invesco Qqq Tr | QQQ | Call | $11.5M | 20K |
| Idex Corp | IEX | Shares | $11.4M | 60K |
| T1 Energy Inc | TE 5.25 12/01/30 | Principal | $11.1M | 10.5M |
| Spdr Gold Tr | GLD | Call | $10.8M | 25K |
| Select Sector Spdr Tr | XLB | Call | $10.3M | 206K |
| Vaneck Etf Trust | GDX | Shares | $10.1M | 110K |
| Ishares Tr | IVE | Shares | $10.1M | 48K |
| Marriott Intl Inc New | MAR | Shares | $9.7M | 30K |
| Microsoft Corp | MSFT | Shares | $9.7M | 26K |
| Ishares Tr | IGV | Shares | $9.0M | 112K |
| Walmart Inc | WMT | Shares | $8.6M | 69K |
| Citizens Finl Group Inc | CFG | Shares | $8.4M | 141K |
| Palo Alto Networks Inc | PANW | Shares | $8.4M | 52K |
| Tjx Cos Inc New | TJX | Shares | $8.3M | 52K |
| Kraneshares Trust | KWEB | Shares | $7.9M | 279K |
| Public Svc Enterprise Group | PEG | Shares | $7.8M | 96K |
| Iqvia Hldgs Inc | IQV | Shares | $7.8M | 45K |
| Mongodb Inc | MDB | Shares | $7.7M | 31K |
| Prudential Finl Inc | PRU | Shares | $7.6M | 78K |
| Analog Devices Inc | ADI | Shares | $7.4M | 23K |
| Cencora Inc | COR | Shares | $7.4M | 23K |
| Consolidated Edison Inc | ED | Shares | $6.9M | 61K |
| Kraft Heinz Co | KHC | Shares | $6.9M | 306K |
| Tapestry Inc | TPR | Shares | $6.8M | 48K |
| Dominion Energy Inc | D | Shares | $6.7M | 109K |
| Pinnacle West Cap Corp | PNW | Shares | $6.7M | 66K |
| Ecolab Inc | ECL | Shares | $6.7M | 25K |
| Bank New York Mellon Corp | BNY | Shares | $6.6M | 56K |
| Datadog Inc | DDOG | Shares | $6.6M | 56K |
| Fastenal Co | FAST | Shares | $6.6M | 142K |
| Dynatrace Inc | DT | Shares | $6.5M | 176K |
| State Str Spdr S&P 500 Etf T | SPY | Call | $6.5M | 10K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.