Graham Capital Management, L.P.

Q2 2025 13F-HR Holdings

Location
Rowayton, CT
Holdings as of
6/30/2025
Date filed
8/14/2025
Form type
13F-HR
Num holdings
1,264
Total value ($000)
$6,617,276
Net value change ($000)
+902,003 (15.8%)
New positions
424
Sold out positions
418
Turnover %
46.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/15/2025 Next filing: 11/14/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IBIT 52,898 51.1%
RIG 27,769 NEW
VTV 19,441 NEW
ICE 15,558 2079.9%
EEM 15,361 NEW
CAT 14,754 1475.4%
BSX 13,714 243.7%
MNST 13,622 NEW
XLU 13,406 47.9%
ADI 13,270 NEW
Top Reduces (Value $000, Stocks/ETFs)
JNJ -17,363 -91.4%
C -15,934 -79.9%
ICOW -15,562 -100.0%
HYG -14,532 -100.0%
VUG -10,754 -100.0%
MMM -9,783 -51.2%
CARR -9,272 -88.2%
PG -8,718 -94.1%
MRK -8,670 -100.0%
DIS -8,613 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 3,333,252 (50.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type