Graham Capital Management, L.P. Portfolio Stock Holdings

Graham Capital Management, L.P. disclosed 1080 stock positions valued at approximately $3.0 billion in its latest SEC 13F filing. The largest holdings include AMAZON COM INC, NVIDIA CORPORATION, and ALPHABET INC. The filing reflects positions held as of March 31, 2026 and was filed on May 15, 2026.

Report Period
March 31, 2026
No. of Stocks
1080
Portfolio Value
$3.0B
Holdings by Sector
Graham Capital Management, L.P. Portfolio Holdings in Q1 2026

1000 holdings in the latest reporting period.

Page 1 of 10
CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
AMAZON COM INCAMZNConsumer Cyclical2.87%408,024+161,152+65.28%$84,979,158
NVIDIA CORPORATIONNVDATechnology1.73%293,871+71,592+32.21%$51,251,102
ALPHABET INCGOOGCommunication Services1.59%164,235+83,581+103.63%$47,112,452
ISHARES INCEWYOther1.51%362,700+362,700+100.00%$44,615,727
CITIGROUP INCCFinancial Services1.49%389,193+148,099+61.43%$44,138,378
ISHARES BITCOIN TRUST ETFIBITOther1.20%925,862-621,993-40.18%$35,571,618
INVESCO EXCHANGE TRADED FD TRSPOther1.17%179,869+121,069+205.90%$34,520,458
NETFLIX INC.NFLXCommunication Services1.13%346,906-47,017-11.94%$33,355,012
SELECT SECTOR SPDR TRXLFOther1.10%659,300+659,300+100.00%$32,549,641
SALESFORCE INCCRMTechnology1.06%167,792+84,040+100.34%$31,321,733
CIPHER DIGITAL INCCIFRFinancial Services0.95%2,178,594-79,448-3.52%$28,038,505
META PLATFORMS INCMETACommunication Services0.89%45,936-29,301-38.94%$26,281,364
EMBRAER S.A.ERJIndustrials0.81%401,632+156,360+63.75%$23,832,843
BOEING COBAIndustrials0.80%119,056+1,000+0.85%$23,695,716
ISHARES TRIWMOther0.80%95,300+95,300+100.00%$23,634,400
CME GROUP INCCMEFinancial Services0.78%77,801-2,231-2.79%$22,978,525
MICRON TECHNOLOGY INCMUTechnology0.74%64,873-31,241-32.50%$21,916,694
INTEL CORPINTCTechnology0.74%495,755+128,631+35.04%$21,877,668
PROCTER & GAMBLE COPGConsumer Defensive0.69%142,191+62,572+78.59%$20,538,068
ISHARES TRHYGOther0.66%246,900+216,800+720.27%$19,643,364
FIRST SOLAR INCFSLRTechnology0.66%99,320+1,246+1.27%$19,591,863
ISHARES INCEWWOther0.63%247,908+192,908+350.74%$18,650,119
ISHARES INCEWZOther0.61%467,477+420,477+894.63%$17,946,442
VISA INCVFinancial Services0.56%55,008+26,976+96.23%$16,625,618
ISHARES TREEMOther0.56%290,087+290,087+100.00%$16,474,041
BLOOM ENERGY CORPBEIndustrials0.54%116,921+116,921+100.00%$15,841,626
OKTA INCOKTATechnology0.53%200,305+200,305+100.00%$15,766,007
SPOTIFY TECHNOLOGY S ASPOTOther0.53%32,164+27,015+524.66%$15,596,645
AUTOMATIC DATA PROCESSING INADPTechnology0.51%74,299+34,328+85.88%$15,096,071
MASTERCARD INCORPORATEDMAFinancial Services0.49%29,127+29,127+100.00%$14,553,597
CLOUDFLARE INCNETTechnology0.48%68,903+64,171+1356.11%$14,217,445
METLIFE INCMETFinancial Services0.46%193,190+115,680+149.25%$13,662,397
UNITED PARCEL SVCS INCUPSIndustrials0.45%134,414-167,000-55.41%$13,223,649
SOUTHERN COSOUtilities0.42%129,217+129,217+100.00%$12,472,025
OREILLY AUTOMOTIVE INCORLYConsumer Cyclical0.40%127,894+116,014+976.55%$11,805,895
GOLDMAN SACHS GROUP INCGSFinancial Services0.39%13,743+13,743+100.00%$11,626,441
OPENDOOR TECHNOLOGIES INCOPENReal Estate0.39%2,474,330-293,878-10.62%$11,579,864
IDEX CORPIEXIndustrials0.38%59,914+12,809+27.19%$11,356,699
VANECK ETF TRUSTGDXOther0.34%110,000+85,000+340.00%$10,094,700
ISHARES TRIVEOther0.34%47,750+47,750+100.00%$10,082,413
MARRIOTT INTL INC NEWMARConsumer Cyclical0.33%29,733+29,733+100.00%$9,724,772
MICROSOFT CORPMSFTTechnology0.33%26,270+1,787+7.30%$9,724,366
ISHARES TRIGVOther0.30%112,318+29,818+36.14%$8,991,056
WALMART INCWMTConsumer Defensive0.29%69,070+5,050+7.89%$8,584,020
CITIZENS FINL GROUP INCCFGFinancial Services0.29%140,716+102,309+266.38%$8,438,739
PALO ALTO NETWORKS INCPANWTechnology0.28%52,214+52,214+100.00%$8,370,948
TJX COS INC NEWTJXConsumer Cyclical0.28%52,091-13,377-20.43%$8,318,933
KRANESHARES TRUSTKWEBOther0.27%279,000-276,390-49.77%$7,931,970
PUBLIC SVC ENTERPRISE GROUPPEGUtilities0.26%96,432+68,772+248.63%$7,806,170
IQVIA HLDGS INCIQVHealthcare0.26%45,475+45,475+100.00%$7,755,307
MONGODB INCMDBTechnology0.26%31,336+25,174+408.54%$7,670,113
PRUDENTIAL FINL INCPRUFinancial Services0.26%78,044+25,724+49.17%$7,624,118
ANALOG DEVICES INCADITechnology0.25%23,313+22,376+2388.05%$7,416,798
CENCORA INCCORHealthcare0.25%23,463+1,748+8.05%$7,370,667
CONSOLIDATED EDISON INCEDUtilities0.23%60,845+29,791+95.93%$6,886,437
KRAFT HEINZ COKHCConsumer Defensive0.23%305,664+305,664+100.00%$6,874,383
TAPESTRY INCTPRConsumer Cyclical0.23%48,335+48,335+100.00%$6,820,552
DOMINION ENERGY INCDUtilities0.23%108,509+93,055+602.14%$6,708,026
PINNACLE WEST CAP CORPPNWUtilities0.23%66,477+66,477+100.00%$6,697,558
ECOLAB INCECLBasic Materials0.22%25,010+25,010+100.00%$6,653,160
BANK NEW YORK MELLON CORPBKFinancial Services0.22%56,050+14,594+35.20%$6,649,212
DATADOG INCDDOGTechnology0.22%56,139+47,416+543.57%$6,627,209
FASTENAL COFASTIndustrials0.22%141,767+93,118+191.41%$6,577,989
DYNATRACE INCDTTechnology0.22%176,083+176,083+100.00%$6,511,549
REGENCY CTRS CORPREGReal Estate0.22%85,029+85,029+100.00%$6,433,294
BRIXMOR PPTY GROUP INCBRXReal Estate0.22%222,751+87,187+64.31%$6,415,229
ROSS STORES INCROSTConsumer Cyclical0.22%29,437+29,437+100.00%$6,376,937
HOME DEPOT INCHDConsumer Cyclical0.21%19,279-13,129-40.51%$6,340,670
MORGAN STANLEYMSFinancial Services0.21%38,133+38,133+100.00%$6,275,548
ISHARES TRTLTOther0.21%72,000+34,000+89.47%$6,241,680
MONSTER BEVERAGE CORP NEWMNSTConsumer Defensive0.20%83,152+29,964+56.34%$6,025,194
PARKER-HANNIFIN CORPPHIndustrials0.20%6,698+2,466+58.27%$5,996,318
D R HORTON INCDHIConsumer Cyclical0.20%43,503+36,403+512.72%$5,969,482
COSTCO WHOLESALE CORPORATIONCOSTConsumer Defensive0.20%5,982+2,289+61.98%$5,960,644
NVR INCNVRConsumer Cyclical0.19%870+561+181.55%$5,733,152
BIGBEAR AI HLDGS INCBBAITechnology0.19%1,627,417+1,627,417+100.00%$5,728,508
CANADIAN NAT RES LTD MED TERCNQEnergy0.19%115,954+88,678+325.11%$5,650,438
CAPITAL ONE FINL CORPCOFFinancial Services0.19%30,865-13,799-30.90%$5,630,702
SCHWAB CHARLES CORPSCHWFinancial Services0.19%58,635+20,380+53.27%$5,510,517
FIRSTENERGY CORPFEUtilities0.18%105,243+100,463+2101.74%$5,331,610
PERMIAN RESOURCES CORPPREnergy0.18%247,783+237,651+2345.55%$5,282,734
AON PLCAONFinancial Services0.18%16,254+16,254+100.00%$5,246,466
API GROUP CORPAPGIndustrials0.18%128,867+21,120+19.60%$5,221,691
ESSENTIAL PPTYS RLTY TR INCEPRTReal Estate0.18%171,206+108,215+171.79%$5,197,814
NATERA INCNTRAHealthcare0.17%25,746-1-0.00%$5,148,943
STARBUCKS CORPSBUXConsumer Cyclical0.17%56,751-4,742-7.71%$5,084,322
AGREE RLTY CORPADCReal Estate0.17%66,695+12,349+22.72%$5,027,469
FIVE BELOW INCFIVEConsumer Cyclical0.17%21,897+4,260+24.15%$5,003,027
AMETEK INCAMEIndustrials0.17%23,277-12,533-35.00%$4,989,658
HOST HOTELS & RESORTS INCHSTReal Estate0.17%257,750+136,536+112.64%$4,938,490
JOHNSON & JOHNSONJNJHealthcare0.17%20,059+13,530+207.23%$4,903,222
SPDR SERIES TRUSTXMEOther0.16%45,000+45,000+100.00%$4,860,450
HONEYWELL INTL INCHONIndustrials0.16%21,265+9,355+78.55%$4,806,528
AGILENT TECHNOLOGIES INCAHealthcare0.16%42,055+30,927+277.92%$4,793,429
LOWES COS INCLOWConsumer Cyclical0.16%20,227+20,227+100.00%$4,779,236
DARDEN RESTAURANTS INCDRIConsumer Cyclical0.16%24,282+24,282+100.00%$4,760,243
BHP BILLITON LIMITEDBHPBasic Materials0.16%64,878+25,633+65.32%$4,719,226
S&P GLOBAL INCSPGIFinancial Services0.15%10,759+10,759+100.00%$4,576,233
WOODWARD INCWWDIndustrials0.15%12,769+3,669+40.32%$4,570,280
SELECT SECTOR SPDR TRXLUOther0.15%98,830-279,000-73.84%$4,535,309
Graham Capital Management, L.P. Options Holdings in Q1 2026

38 options positions in the latest reporting period.

Page 1 of 1
QuarterSymbolCompanyOptionContractsNotional Value
Q1 2026IWMiShares Russell 2000 ETFPUT1,270,400$315,059,200
Q1 2026GDXVanEck Gold Miners ETFCALL2,320,000$212,906,400
Q1 2026HYGiShares iBoxx $ High Yield CorpPUT2,410,900$191,811,204
Q1 2026IBITiShares Bitcoin Trust ETFPUT2,328,800$89,472,496
Q1 2026FBTCFidelity Wise Origin Bitcoin FuPUT696,200$41,096,686
Q1 2026GMEGameStop CorporationPUT1,675,300$38,598,912
Q1 2026IWMiShares Russell 2000 ETFCALL150,000$37,200,000
Q1 2026PCTPureCycle Technologies, Inc.PUT3,365,700$17,467,983
Q1 2026NVAXNovavax, Inc.PUT2,086,600$16,984,924
Q1 2026CRMSalesforce, Inc.CALL87,500$16,333,625
Q1 2026EOSEEos Energy Enterprises, Inc.PUT2,655,100$13,169,296
Q1 2026TLTiShares 20+ Year Treasury Bond PUT140,000$12,136,600
Q1 2026QQQInvesco QQQ Trust, Series 1CALL20,000$11,543,600
Q1 2026GLDSPDR Gold TrustCALL25,000$10,757,250
Q1 2026XLBMaterials Select Sector SPDRCALL206,000$10,293,820
Q1 2026SPYSPDR S&P 500CALL10,000$6,503,400
Q1 2026DALDelta Air Lines, Inc.CALL75,000$4,986,000
Q1 2026WFCWells Fargo & CompanyPUT50,000$3,980,500
Q1 2026COFCapital One Financial CorporatiCALL20,000$3,648,600
Q1 2026DTDynatrace, Inc.CALL75,000$2,773,500
Q1 2026MSFTMicrosoft CorporationCALL7,000$2,591,190
Q1 2026VRSNVeriSign, Inc.CALL10,000$2,483,600
Q1 2026ADBEAdobe Inc.CALL10,000$2,430,800
Q1 2026OKTAOkta, Inc.CALL30,000$2,361,300
Q1 2026MOSMosaic Company (The)CALL90,000$2,295,000
Q1 2026AMZNAmazon.com, Inc.CALL10,800$2,249,316
Q1 2026KNXKnight-Swift Transportation HolCALL37,700$2,170,766
Q1 2026NVDANVIDIA CorporationCALL10,000$1,744,000
Q1 2026ORCLOracle CorporationCALL10,000$1,471,100
Q1 2026OWLBlue Owl Capital Inc.CALL140,000$1,278,200
Q1 2026SPYSPDR S&P 500PUT40,000$1,265,200
Q1 2026TWLOTwilio Inc.CALL10,000$1,258,200
Q1 2026ACNAccenture plcCALL5,000$991,450
Q1 2026UNHUnitedHealth Group IncorporatedCALL3,600$974,124
Q1 2026BBAIBigBear.ai, Inc.PUT207,500$730,400
Q1 2026BABoeing Company (The)PUT3,500$696,605
Q1 2026CHTRCharter Communications, Inc.CALL3,000$647,640
Q1 2026CRKComstock Resources, Inc.CALL15,000$316,200

Notional value represents the total exposure of the options position.