Graham Capital Management
Graham Capital Management reported 1,139 stocks worth $2.6B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are NVDA (3.1%), AMZN (2.9%) and GOOG (2.2%). Compared with Q1 2026, the fund opened new positions in KEEL, TVTX and EOSE, added to NVDA, HYG and EMBJ, trimmed AMZN, GOOG and C and sold out of XLF, UPS and IVE.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  NVDA Nvidia Corporation | $82.4M | 3.1% | 412K | +118K (+40%) | 8 of 8 | |
| 2 |  AMZN Amazon Com Inc | $75.1M | 2.9% | 315K | −93K (−23%) | 8 of 8 | |
| 3 |  GOOG Alphabet Inc | $57.5M | 2.2% | 163K | −1,448 (−1%) | 8 of 8 | |
| 4 |  C Citigroup Inc | $47.7M | 1.8% | 341K | −48K (−12%) | 8 of 8 | |
| 5 |  HYG Ishares TR | $38.3M | 1.5% | 479K | +232K (+94%) | 6 of 8 | |
| 6 |  KEEL Keel Infrastructure Corp Com Shs | $37.9M | 1.4% | 6.6M | New position | 1 of 8 | |
| 7 |  CIFR Cipher Mng Inc | $37M | 1.4% | 1.5M | −668K (−31%) | 3 of 8 | |
| 8 |  EMBJ Embraer S.a. | $32.2M | 1.2% | 504K | +103K (+26%) | 8 of 8 | |
| 9 |  META Meta Platforms Inc | $28.2M | 1.1% | 50K | +4,140 (+9%) | 8 of 8 | |
| 10 |  MU Micron Technology Inc | $26.3M | 1.0% | 23K | −42K (−65%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 XLF Select Sector Spdr TR | $32.5M | 659K |
 UPS United Parcel Service Inc | $13.2M | 134K |
 IVE Ishares TR | $10.1M | 48K |
 TJX Tjx Cos Inc New | $8.3M | 52K |
 KWEB Kraneshares Csi China | $7.9M | 279K |
🔒 Free account: see all 30.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
 IWM Ishares TR | Put | $943M | 3.1M | +1,868,200 |
 GDX Vaneck ETF Trust | Call | $190M | 2.5M | +192,000 |
 QQQ Invesco Qqq TR | Call | $115M | 156K | +136,000 |
 CLMT Calumet Inc | Put | $61.7M | 1.7M | 0 |
 IBIT Ishares Bitcoin Trust ETF | Put | $57.9M | 1.7M | −588,200 |
🔒 Free account: see all 20.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Graham Capital Management 13F FAQ
What does Graham Capital Management own?
Graham Capital Management reported 1,139 stocks worth $2.6B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are NVDA (3.1%), AMZN (2.9%) and GOOG (2.2%). The table above lists every position in the filing (the top 10 without an account).
What did Graham Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 412 new positions, 346 added to, 370 trimmed and 332 sold out. New positions include KEEL, TVTX and EOSE. It sold all of XLF, UPS and IVE.
When will Graham Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Graham Capital Management's portfolio worth?
The Q2 2026 filing reports $2.6B in US stocks ($4.4B including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.