Graham Capital Management, L.P.
•CIK: 1315421•Filing: Q4 2025
Graham Capital Management, L.P., led by Jonathan "Jon" A. Graham, is known for its concentrated, high-conviction investment strategy, currently managing $3.9 billion in assets across 1,174 positions. The fund recently made notable moves by adding NDQ and UPS with significant increases, while exiting positions in BK-PK and SLV, reflecting its focus on sectors like technology and logistics.
Total AUM
$1.9B
+ $1.1B in options
QoQ Performance
+16.2%
Positions
1,115
+ 16 options
Top 10 Concentration
49.0%
Latest Filing
Q4 2025
Top Holdings Allocation
MIGA
MIGA20.7%
NDQ3.8%
IBIT3.5%
FBTC2.9%
AMZN1.9%
CLMT1.7%
META1.6%
EWC1.4%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other78.0%
Technology7.6%
Consumer5.0%
Industrial3.3%
Financial2.3%
Communication2.0%
Consumer Staples0.5%
Materials0.4%
🚪 Exited Positionssold since Q3 2025
+1024 more exited positions
Changes from Q3 2025
NEW61 new positions
↑90 increased
↓46 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023