2026 Q1 Portfolio Activity
In 2026 Q1, Graham Capital Management, L.P. maintained a portfolio of 1592 distinct positions. The most significant new addition was ISHARES TR, now representing 7.61% of the total fund value. They heavily accumulated shares in VANECK ETF TRUST, increasing the position by 9180.0%. Conversely, Graham Capital Management, L.P. completely exited their position in STRATEGY INC.
Position History
hover any row below to update
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Total Positions
1592
Quarter
2026 Q1
Top Holding
IWM (7.6%)
Top 10 Concentration
30.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 1592
Graham Capital Management, L.P. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
IWM
PUT
ISHARES TR
|
PUT Option | 7.61% | — |
#1
Prev: #—
|
8.5 |
—
|
1,270,400 | — |
NEW
|
1,270,400 | $315,059,200 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GDX
CALL
VANECK ETF TRUS...
|
CALL Option | 5.14% | — |
#2
Prev: #—
|
7.1 |
—
|
2,320,000 | — |
NEW
|
2,320,000 | $212,906,400 | 2016 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HYG
PUT
ISHARES TR
|
PUT Option | 4.63% | 0.77% |
#3
23
Prev: #26
|
5.9 |
—
|
2,010,900 | 502.7% |
P
S
|
2,410,900 | $191,811,204 | 2012 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
APPLIED DIGITAL...
|
|
Bond/Debt | 2.33% | 4.11% |
#4
2
Prev: #2
|
1.4 |
—
|
-27,400,000 | -43.0% |
P
S
|
36,338,000 | $96,469,821 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
IBIT
PUT
ISHARES BITCOIN...
|
PUT Option | 2.16% | 2.57% |
#5
1
Prev: #4
|
3.4 |
—
|
167,100 | 7.7% |
P
S
|
2,328,800 | $89,472,496 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 2.05% | 1.36% |
#6
8
Prev: #14
|
3.8 |
—
|
161,152 | 65.3% |
P
S
|
408,024 | $84,979,158 | 2006 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
GREEN PLAINS IN...
|
|
Bond/Debt | 1.98% | 1.47% |
#7
3
Prev: #10
|
1.8 |
—
|
no change | no change |
P
S
|
58,308,000 | $82,157,121 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
CLMT
PUT
CALUMET INC
|
PUT Option | 1.49% | 1.24% |
#8
7
Prev: #15
|
0.6 |
—
|
-896,700 | -34.4% |
P
S
|
1,713,400 | $61,511,060 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
SUNRUN INC
|
|
Bond/Debt | 1.47% | 1.79% |
#9
2
Prev: #7
|
1.1 |
—
|
-2,000,000 | -3.8% |
P
S
|
50,940,000 | $60,673,641 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
TILRAY BRANDS I...
|
|
Bond/Debt | 1.44% | 1.46% |
#10
1
Prev: #11
|
1.1 |
—
|
-500,000 | -0.8% |
P
S
|
59,000,000 | $59,688,884 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
PURECYCLE TECHN...
|
|
Bond/Debt | 1.44% | 1.65% |
#11
3
Prev: #8
|
1.6 |
—
|
no change | no change |
P
S
|
68,167,000 | $59,442,892 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
RIVIAN AUTOMOTI...
|
|
Bond/Debt | 1.39% | 1.61% |
#12
3
Prev: #9
|
1.6 |
—
|
no change | no change |
P
S
|
59,794,000 | $57,364,869 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
GROUPON INC
|
|
Bond/Debt | 1.31% | 1.39% |
#13
Prev: #13
|
1.5 |
—
|
no change | no change |
P
S
|
65,471,000 | $54,051,614 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 1.24% | 0.99% |
#14
5
Prev: #19
|
3.0 |
—
|
71,592 | 32.2% |
P
S
|
293,871 | $51,251,102 | 2005 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
THE REALREAL IN...
|
|
Bond/Debt | 1.20% | 1.44% |
#15
3
Prev: #12
|
2.5 |
—
|
5,879,000 | 16.6% |
P
S
|
41,375,000 | $49,481,645 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
GOOG
ALPHABET INC
|
Communication Services | 1.14% | 0.61% |
#16
21
Prev: #37
|
3.5 |
—
|
83,581 | 103.6% |
P
S
|
164,235 | $47,112,452 | 2006 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EWY
ISHARES INC
|
ETF | 1.08% | — |
#17
Prev: #—
|
3.9 |
—
|
362,700 | — |
NEW
|
362,700 | $44,615,727 | 2007 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
C
CITIGROUP INC
|
Financial Services | 1.07% | 0.67% |
#18
14
Prev: #32
|
3.4 |
—
|
148,099 | 61.4% |
P
S
|
389,193 | $44,138,378 | 2007 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
RAMACO RES INC
|
|
Bond/Debt | 1.04% | 0.96% |
#19
1
Prev: #20
|
2.4 |
—
|
9,000,000 | 19.0% |
P
S
|
56,300,000 | $43,171,409 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
FBTC
PUT
FIDELITY WISE O...
|
PUT Option | 0.99% | 2.13% |
#20
15
Prev: #5
|
0.4 |
—
|
-470,600 | -40.3% |
P
S
|
696,200 | $41,096,686 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
BRIDGEBIO PHARM...
|
|
Bond/Debt | 0.97% | 1.00% |
#21
3
Prev: #18
|
1.4 |
—
|
no change | no change |
P
S
|
22,241,000 | $40,117,204 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
GME
PUT
GAMESTOP CORP
|
PUT Option | 0.93% | 0.80% |
#22
2
Prev: #24
|
0.9 |
—
|
200 | 0.0% |
P
S
|
1,675,300 | $38,598,912 | 2007 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IWM
CALL
ISHARES TR
|
CALL Option | 0.90% | — |
#23
Prev: #—
|
3.9 |
—
|
150,000 | — |
NEW
|
150,000 | $37,200,000 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IBIT
ISHARES BITCOIN...
|
Bond/Debt | 0.86% | 1.84% |
#24
18
Prev: #6
|
0.3 |
—
|
-621,993 | -40.2% |
P
S
|
925,862 | $35,571,618 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LCID
PUT
LUCID GROUP INC
|
PUT Option | 0.83% | 0.09% |
#25
126
Prev: #151
|
3.3 |
—
|
3,282,180 | 956.0% |
P
S
|
3,625,500 | $34,551,015 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RSP
INVESCO EXCHANG...
|
Unknown | 0.83% | 0.27% |
#26
33
Prev: #59
|
3.3 |
—
|
121,069 | 205.9% |
P
S
|
179,869 | $34,520,458 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NFLX
NETFLIX INC.
|
Communication Services | 0.81% | 0.88% |
#27
5
Prev: #22
|
0.8 |
—
|
-47,017 | -11.9% |
P
S
|
346,906 | $33,355,012 | 2007 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
XLF
SELECT SECTOR S...
|
Unknown | 0.79% | — |
#28
Prev: #—
|
3.8 |
—
|
659,300 | — |
NEW
|
659,300 | $32,549,641 | 2006 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CRM
SALESFORCE INC
|
Technology | 0.76% | 0.53% |
#29
10
Prev: #39
|
3.3 |
—
|
84,040 | 100.3% |
P
S
|
167,792 | $31,321,733 | 2013 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
CLEANSPARK INC
|
|
Bond/Debt | 0.69% | 0.86% |
#30
7
Prev: #23
|
0.8 |
—
|
-5,000,000 | -14.5% |
P
S
|
29,519,000 | $28,726,415 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
CIFR
CIPHER DIGITAL ...
|
Technology | 0.68% | 0.80% |
#31
6
Prev: #25
|
0.8 |
—
|
-79,448 | -3.5% |
P
S
|
2,178,594 | $28,038,505 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
META
META PLATFORMS ...
|
Communication Services | 0.63% | 1.19% |
#32
16
Prev: #16
|
0.3 |
—
|
-29,301 | -38.9% |
P
S
|
45,936 | $26,281,364 | 2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ERJ
EMBRAER S.A.
|
Unknown | 0.58% | 0.38% |
#33
17
Prev: #50
|
3.2 |
—
|
156,360 | 63.7% |
P
S
|
401,632 | $23,832,843 | 2014 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BA
BOEING CO
|
Industrials | 0.57% | 0.61% |
#34
1
Prev: #35
|
0.7 |
—
|
1,000 | 0.8% |
P
S
|
119,056 | $23,695,716 | 2007 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IWM
ISHARES TR
|
ETF | 0.57% | — |
#35
Prev: #—
|
3.7 |
—
|
95,300 | — |
NEW
|
95,300 | $23,634,400 | 2006 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CME
CME GROUP INC
|
Financial Services | 0.56% | 0.52% |
#36
4
Prev: #40
|
0.7 |
—
|
-2,231 | -2.8% |
P
S
|
77,801 | $22,978,525 | 2007 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MU
MICRON TECHNOLO...
|
Technology | 0.53% | 0.66% |
#37
4
Prev: #33
|
0.2 |
—
|
-31,241 | -32.5% |
P
S
|
64,873 | $21,916,694 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
INTC
INTEL CORP
|
Technology | 0.53% | 0.32% |
#38
15
Prev: #53
|
2.7 |
—
|
128,631 | 35.0% |
P
S
|
495,755 | $21,877,668 | 2006 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
TRAVERE THERAPE...
|
|
Bond/Debt | 0.52% | — |
#39
Prev: #—
|
3.7 |
—
|
16,872,000 | — |
NEW
|
16,872,000 | $21,353,296 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
PG
PROCTER & GAMBL...
|
Consumer Defensive | 0.50% | 0.27% |
#40
18
Prev: #58
|
3.2 |
—
|
62,572 | 78.6% |
P
S
|
142,191 | $20,538,068 | 2006 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HYG
ISHARES TR
|
ETF | 0.47% | 0.06% |
#41
170
Prev: #211
|
3.2 |
—
|
216,800 | 720.3% |
P
S
|
246,900 | $19,643,364 | 2012 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FSLR
FIRST SOLAR INC
|
Technology | 0.47% | 0.61% |
#42
6
Prev: #36
|
0.7 |
—
|
1,246 | 1.3% |
P
S
|
99,320 | $19,591,863 | 2006 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
GREEN PLAINS IN...
|
|
Bond/Debt | 0.47% | 0.14% |
#43
57
Prev: #100
|
3.2 |
—
|
13,049,000 | 213.0% |
P
S
|
19,175,000 | $19,278,459 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
EWW
ISHARES INC
|
ETF | 0.45% | 0.09% |
#44
99
Prev: #143
|
3.2 |
—
|
192,908 | 350.7% |
P
S
|
247,908 | $18,650,119 | 2012 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EWZ
ISHARES INC
|
ETF | 0.43% | 0.04% |
#45
253
Prev: #298
|
3.2 |
—
|
420,477 | 894.6% |
P
S
|
467,477 | $17,946,442 | 2007 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PCT
PUT
PURECYCLE TECHN...
|
PUT Option | 0.42% | 0.54% |
#46
8
Prev: #38
|
2.7 |
—
|
756,100 | 29.0% |
P
S
|
3,365,700 | $17,467,983 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NVAX
PUT
NOVAVAX INC
|
PUT Option | 0.41% | 0.41% |
#47
1
Prev: #46
|
0.7 |
—
|
-444,000 | -17.5% |
P
S
|
2,086,600 | $16,984,924 | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
V
VISA INC
|
Financial Services | 0.40% | 0.24% |
#48
19
Prev: #67
|
3.2 |
—
|
26,976 | 96.2% |
P
S
|
55,008 | $16,625,618 | 2012 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
SOLARIS ENERGY ...
|
|
Bond/Debt | 0.40% | 0.47% |
#49
5
Prev: #44
|
0.2 |
—
|
-5,000,000 | -27.4% |
P
S
|
13,233,000 | $16,562,235 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
EEM
ISHARES TR
|
ETF | 0.40% | — |
#50
Prev: #—
|
3.7 |
—
|
290,087 | — |
NEW
|
290,087 | $16,474,041 | 2007 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 1592 holdings