Largest positions
| Issuer | Class | Value | Share |
|---|---|---|---|
| iShares TR (put option)RUSSELL 2000 ETF | RUSSELL 2000 ETF | $942,992,370 | 17.2% |
| Vaneck ETF Trust (call option)GOLD MINERS ETF | GOLD MINERS ETF | $189,530,400 | 3.4% |
| Gamestop Corp.NOTE 6/1 | NOTE 6/1 | $150,110,830 | 2.7% |
| Penguin Solutions Inc.NOTE 2.000% 8/1 | NOTE 2.000% 8/1 | $119,862,616 | 2.2% |
| Invesco Qqq TR (call option)UNIT SER 1 | UNIT SER 1 | $114,878,400 | 2.1% |
| Applied Digital Corp.NOTE 2.750% 6/0 | NOTE 2.750% 6/0 | $97,120,817 | 1.8% |
| Nvidia CorporationCOM | COM | $82,373,051 | 1.5% |
| Green Plains Inc.NOTE 5.250%11/0 | NOTE 5.250%11/0 | $77,985,627 | 1.4% |
| Amazon Com Inc.COM | COM | $75,063,515 | 1.4% |
| Groupon Inc.NOTE 4.875% 6/3 | NOTE 4.875% 6/3 | $73,822,618 | 1.3% |
| Rivian Automotive Inc.NOTE 3.625%10/1 | NOTE 3.625%10/1 | $64,045,503 | 1.2% |
| Calumet Inc. (put option)COM | COM | $61,716,668 | 1.1% |
| Sunrun Inc.NOTE 4.000% 3/0 | NOTE 4.000% 3/0 | $60,583,864 | 1.1% |
| The Realreal Inc.DEBT 4.000% 2/1 | DEBT 4.000% 2/1 | $58,237,898 | 1.1% |
| Purecycle Technologies Inc.NOTE 4.750% 7/0 | NOTE 4.750% 7/0 | $58,063,414 | 1.1% |
| iShares Bitcoin Trust ETF (put option)SHS BEN INT | SHS BEN INT | $57,944,574 | 1.1% |
| Alphabet Inc.CAP STK CL C | CAP STK CL C | $57,517,531 | 1.0% |
| SPDR Series Trust (call option)ST STR SP METAL | ST STR SP METAL | $53,465,000 | 1.0% |
| Applied Optoelectronics Inc.NOTE 2.750% 1/1 | NOTE 2.750% 1/1 | $49,904,448 | 0.9% |
| Citigroup Inc.COM NEW | COM NEW | $47,729,299 | 0.9% |
| Tilray Brands Inc.NOTE 5.200% 6/1 | NOTE 5.200% 6/1 | $46,985,925 | 0.9% |
| Mara Holdings Inc.NOTE 3/0 | NOTE 3/0 | $46,096,116 | 0.8% |
| Ramaco Res Inc.NOTE 11/0 | NOTE 11/0 | $41,749,969 | 0.8% |
| Bridgebio Pharma Inc.NOTE 2.500% 3/1 | NOTE 2.500% 3/1 | $39,650,143 | 0.7% |
| Cleanspark Inc.NOTE 6/1 | NOTE 6/1 | $38,604,621 | 0.7% |
| iShares TRIBOXX HI YD ETF | IBOXX HI YD ETF | $38,265,645 | 0.7% |
| Keel Infrastructure Corp.COM SHS | COM SHS | $37,948,139 | 0.7% |
| State Str SPDR S&P 500 ETF T (put option)TR UNIT | TR UNIT | $37,930,000 | 0.7% |
| Gamestop Corp. (put option)CL A | CL A | $37,140,768 | 0.7% |
| Cipher Digital Inc.COM | COM | $36,998,455 | 0.7% |
| Gorilla Technology Group Inc. (put option)SHS NEW | SHS NEW | $35,797,916 | 0.7% |
| Fidelity Wise Origin Bitcoin (put option)SHS | SHS | $35,541,010 | 0.6% |
| Embraer S.A.SPONSORED ADS | SPONSORED ADS | $32,166,174 | 0.6% |
| Super Micro Computer Inc.NOTE 6/1 | NOTE 6/1 | $31,775,911 | 0.6% |
| Meta Platforms Inc.CL A | CL A | $28,207,310 | 0.5% |
| Micron Technology Inc.COM | COM | $26,293,572 | 0.5% |
| SPDR Series TrustST STR SP HOME | ST STR SP HOME | $26,174,340 | 0.5% |
| Super Micro Computer Inc.7 DEP CM SR A WI | 7 DEP CM SR A WI | $25,641,855 | 0.5% |
| Travere Therapeutics Inc.COM | COM | $25,376,800 | 0.5% |
| Select Sector SPDR TRST STR CARE ETF | ST STR CARE ETF | $24,592,300 | 0.4% |
| Block Inc.CL A | CL A | $24,214,284 | 0.4% |
| Intel Corp.COM | COM | $23,913,313 | 0.4% |
| Green Plains Inc.NOTE 2.250% 3/1 | NOTE 2.250% 3/1 | $23,781,412 | 0.4% |
| First Solar Inc.COM | COM | $23,407,232 | 0.4% |
| Boeing COCOM | COM | $23,349,320 | 0.4% |
| Palo Alto Networks Inc.COM | COM | $22,885,852 | 0.4% |
| iShares Inc.MSCI STH KOR ETF | MSCI STH KOR ETF | $22,613,608 | 0.4% |
| Invesco Exchange Traded FD TS&P500 EQL WGT | S&P500 EQL WGT | $22,553,620 | 0.4% |
| Uber Technologies Inc.NOTE 5/1 | NOTE 5/1 | $22,009,013 | 0.4% |
| Coca Cola COCOM | COM | $21,744,114 | 0.4% |
iShares TR (put option)RUSSELL 2000 ETF$942,992,370
- Class
- RUSSELL 2000 ETF
- Share
- 17.2%
Vaneck ETF Trust (call option)GOLD MINERS ETF$189,530,400
- Class
- GOLD MINERS ETF
- Share
- 3.4%
Gamestop Corp.NOTE 6/1$150,110,830
- Class
- NOTE 6/1
- Share
- 2.7%
Penguin Solutions Inc.NOTE 2.000% 8/1$119,862,616
- Class
- NOTE 2.000% 8/1
- Share
- 2.2%
Invesco Qqq TR (call option)UNIT SER 1$114,878,400
- Class
- UNIT SER 1
- Share
- 2.1%
Applied Digital Corp.NOTE 2.750% 6/0$97,120,817
- Class
- NOTE 2.750% 6/0
- Share
- 1.8%
Nvidia CorporationCOM$82,373,051
- Class
- COM
- Share
- 1.5%
Green Plains Inc.NOTE 5.250%11/0$77,985,627
- Class
- NOTE 5.250%11/0
- Share
- 1.4%
Amazon Com Inc.COM$75,063,515
- Class
- COM
- Share
- 1.4%
Groupon Inc.NOTE 4.875% 6/3$73,822,618
- Class
- NOTE 4.875% 6/3
- Share
- 1.3%
Rivian Automotive Inc.NOTE 3.625%10/1$64,045,503
- Class
- NOTE 3.625%10/1
- Share
- 1.2%
Calumet Inc. (put option)COM$61,716,668
- Class
- COM
- Share
- 1.1%
Sunrun Inc.NOTE 4.000% 3/0$60,583,864
- Class
- NOTE 4.000% 3/0
- Share
- 1.1%
The Realreal Inc.DEBT 4.000% 2/1$58,237,898
- Class
- DEBT 4.000% 2/1
- Share
- 1.1%
Purecycle Technologies Inc.NOTE 4.750% 7/0$58,063,414
- Class
- NOTE 4.750% 7/0
- Share
- 1.1%
iShares Bitcoin Trust ETF (put option)SHS BEN INT$57,944,574
- Class
- SHS BEN INT
- Share
- 1.1%
Alphabet Inc.CAP STK CL C$57,517,531
- Class
- CAP STK CL C
- Share
- 1.0%
SPDR Series Trust (call option)ST STR SP METAL$53,465,000
- Class
- ST STR SP METAL
- Share
- 1.0%
Applied Optoelectronics Inc.NOTE 2.750% 1/1$49,904,448
- Class
- NOTE 2.750% 1/1
- Share
- 0.9%
Citigroup Inc.COM NEW$47,729,299
- Class
- COM NEW
- Share
- 0.9%
Tilray Brands Inc.NOTE 5.200% 6/1$46,985,925
- Class
- NOTE 5.200% 6/1
- Share
- 0.9%
Mara Holdings Inc.NOTE 3/0$46,096,116
- Class
- NOTE 3/0
- Share
- 0.8%
Ramaco Res Inc.NOTE 11/0$41,749,969
- Class
- NOTE 11/0
- Share
- 0.8%
Bridgebio Pharma Inc.NOTE 2.500% 3/1$39,650,143
- Class
- NOTE 2.500% 3/1
- Share
- 0.7%
Cleanspark Inc.NOTE 6/1$38,604,621
- Class
- NOTE 6/1
- Share
- 0.7%
iShares TRIBOXX HI YD ETF$38,265,645
- Class
- IBOXX HI YD ETF
- Share
- 0.7%
Keel Infrastructure Corp.COM SHS$37,948,139
- Class
- COM SHS
- Share
- 0.7%
State Str SPDR S&P 500 ETF T (put option)TR UNIT$37,930,000
- Class
- TR UNIT
- Share
- 0.7%
Gamestop Corp. (put option)CL A$37,140,768
- Class
- CL A
- Share
- 0.7%
Cipher Digital Inc.COM$36,998,455
- Class
- COM
- Share
- 0.7%
Gorilla Technology Group Inc. (put option)SHS NEW$35,797,916
- Class
- SHS NEW
- Share
- 0.7%
Fidelity Wise Origin Bitcoin (put option)SHS$35,541,010
- Class
- SHS
- Share
- 0.6%
Embraer S.A.SPONSORED ADS$32,166,174
- Class
- SPONSORED ADS
- Share
- 0.6%
Super Micro Computer Inc.NOTE 6/1$31,775,911
- Class
- NOTE 6/1
- Share
- 0.6%
Meta Platforms Inc.CL A$28,207,310
- Class
- CL A
- Share
- 0.5%
Micron Technology Inc.COM$26,293,572
- Class
- COM
- Share
- 0.5%
SPDR Series TrustST STR SP HOME$26,174,340
- Class
- ST STR SP HOME
- Share
- 0.5%
Super Micro Computer Inc.7 DEP CM SR A WI$25,641,855
- Class
- 7 DEP CM SR A WI
- Share
- 0.5%
Travere Therapeutics Inc.COM$25,376,800
- Class
- COM
- Share
- 0.5%
Select Sector SPDR TRST STR CARE ETF$24,592,300
- Class
- ST STR CARE ETF
- Share
- 0.4%
Block Inc.CL A$24,214,284
- Class
- CL A
- Share
- 0.4%
Intel Corp.COM$23,913,313
- Class
- COM
- Share
- 0.4%
Green Plains Inc.NOTE 2.250% 3/1$23,781,412
- Class
- NOTE 2.250% 3/1
- Share
- 0.4%
First Solar Inc.COM$23,407,232
- Class
- COM
- Share
- 0.4%
Boeing COCOM$23,349,320
- Class
- COM
- Share
- 0.4%
Palo Alto Networks Inc.COM$22,885,852
- Class
- COM
- Share
- 0.4%
iShares Inc.MSCI STH KOR ETF$22,613,608
- Class
- MSCI STH KOR ETF
- Share
- 0.4%
Invesco Exchange Traded FD TS&P500 EQL WGT$22,553,620
- Class
- S&P500 EQL WGT
- Share
- 0.4%
Uber Technologies Inc.NOTE 5/1$22,009,013
- Class
- NOTE 5/1
- Share
- 0.4%
Coca Cola COCOM$21,744,114
- Class
- COM
- Share
- 0.4%
The share class is shown on a wider screen.
The 50 largest of 1,222 positions by value, with holdings of the same security combined. The 200 largest are in this firm's machine-readable record. Share counts and quarter-on-quarter changes for each position are on EDGAR. View the full information table on EDGAR
This filing
- Form
- 13F-HR
- CIK
- 1315421
- File number
- 028-11610
- Options
- 36 call, 26 put
- In the 25 largest
- 49.2%
- Prior quarter
- $4,139,946,618 at 31 March 2026
- Positions opened
- 455
- Positions closed
- 353
Common questions
What are Graham Capital Management’s 13F holdings worth?
$5,495,138,580 across 1,222 positions for the quarter ended 30 June 2026.
What is Graham Capital Management’s largest 13F holding?
ISHARES TR (RUSSELL 2000 ETF) was the largest position at $942,992,370, or 17.2% of reported 13F value, as of 30 June 2026.
How concentrated is Graham Capital Management’s 13F portfolio?
The ten largest positions accounted for 35.0% of reported value and the twenty-five largest for 49.2%, across 1,222 positions as of 30 June 2026.
Does Form 13F show everything Graham Capital Management manages?
No. Form 13F covers only long positions in exchange-traded securities over which the manager has investment discretion, valued at quarter end. It excludes cash, most bonds, private funds, and any assets the firm does not have discretion over, so it is neither the firm's total assets nor any individual client's portfolio.
How often does Graham Capital Management file its 13F?
Every quarter. Managers file within 45 days of each quarter's end, so the figures are a snapshot that changes between filings. This page shows the quarter ended 30 June 2026.
Answered from this filing and the prior quarter's.