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Graham Capital Management, L.P.
Period ended Jun 30, 2026 · Latest filing Aug 14, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Jun 30, 2026: $5,495,138,580
More quarters will appear as history becomes available.
Top holdings
Top 10 at Jun 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- ISHARES TR · RUSSELL 2000 ETF · 464287655 · shares · PUT: $942,992,370
- VANECK ETF TRUST · GOLD MINERS ETF · 92189F106 · shares · CALL: $189,530,400
- GAMESTOP CORP · NOTE 6/1 · 36467WAG4 · principal: $150,110,830
- PENGUIN SOLUTIONS INC · NOTE 2.000% 8/1 · 83205YAE4 · principal: $119,862,616
- INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · CALL: $114,878,400
- APPLIED DIGITAL CORP · NOTE 2.750% 6/0 · 038169AB4 · principal: $97,120,817
- NVIDIA CORPORATION · COM · 67066G104 · shares: $82,373,051
- GREEN PLAINS INC · NOTE 5.250%11/0 · 393222AM6 · principal: $77,985,627
- AMAZON COM INC · COM · 023135106 · shares: $75,063,515
- GROUPON INC · NOTE 4.875% 6/3 · 399473AK3 · principal: $73,822,618
Reported holdings
1,222 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | PUT | 3,138,600 shares | $942,992,370 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | CALL | 2,512,000 shares | $189,530,400 |
| GAMESTOP CORP | NOTE 6/1 | 36467WAG4 | — | 147,647,000 principal | $150,110,830 |
| PENGUIN SOLUTIONS INC | NOTE 2.000% 8/1 | 83205YAE4 | — | 42,250,000 principal | $119,862,616 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | CALL | 156,000 shares | $114,878,400 |
| APPLIED DIGITAL CORP | NOTE 2.750% 6/0 | 038169AB4 | — | 24,363,000 principal | $97,120,817 |
| NVIDIA CORPORATION | COM | 67066G104 | — | 411,680 shares | $82,373,051 |
| GREEN PLAINS INC | NOTE 5.250%11/0 | 393222AM6 | — | 57,430,000 principal | $77,985,627 |
| AMAZON COM INC | COM | 023135106 | — | 314,943 shares | $75,063,515 |
| GROUPON INC | NOTE 4.875% 6/3 | 399473AK3 | — | 74,371,000 principal | $73,822,618 |
| RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 | — | 59,794,000 principal | $64,045,503 |
| CALUMET INC | COM | 131428104 | PUT | 1,713,400 shares | $61,716,668 |
| SUNRUN INC | NOTE 4.000% 3/0 | 86771WAD7 | — | 50,940,000 principal | $60,583,864 |
| THE REALREAL INC | DEBT 4.000% 2/1 | 88339PAJ0 | — | 41,375,000 principal | $58,237,898 |
| PURECYCLE TECHNOLOGIES INC | NOTE 4.750% 7/0 | 74623VAD5 | — | 57,250,000 principal | $58,063,414 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | PUT | 1,740,600 shares | $57,944,574 |
| ALPHABET INC | CAP STK CL C | 02079K107 | — | 162,787 shares | $57,517,531 |
| SPDR SERIES TRUST | ST STR SP METAL | 78464A755 | CALL | 500,000 shares | $53,465,000 |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 | 03823UAF9 | — | 14,006,000 principal | $49,904,448 |
| CITIGROUP INC | COM NEW | 172967424 | — | 341,021 shares | $47,729,299 |
| TILRAY BRANDS INC | NOTE 5.200% 6/1 | 88688TAC4 | — | 46,500,000 principal | $46,985,925 |
| MARA HOLDINGS INC | NOTE 3/0 | 565788AF3 | — | 45,909,000 principal | $46,096,116 |
| RAMACO RES INC | NOTE 11/0 | 75134PAB1 | — | 56,300,000 principal | $41,749,969 |
| BRIDGEBIO PHARMA INC | NOTE 2.500% 3/1 | 10806XAB8 | — | 22,241,000 principal | $39,650,143 |
| CLEANSPARK INC | NOTE 6/1 | 18452BAC4 | — | 29,519,000 principal | $38,604,621 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | — | 478,500 shares | $38,265,645 |
| KEEL INFRASTRUCTURE CORP | COM SHS | 486917107 | — | 6,611,174 shares | $37,948,139 |
| STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | PUT | 100,000 shares | $37,930,000 |
| GAMESTOP CORP | CL A | 36467W109 | PUT | 1,682,100 shares | $37,140,768 |
| CIPHER DIGITAL INC | COM | 17253J106 | — | 1,510,141 shares | $36,998,455 |
| GORILLA TECHNOLOGY GROUP INC | SHS NEW | G4000K175 | PUT | 1,800,700 shares | $35,797,916 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 | PUT | 696,200 shares | $35,541,010 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 | — | 504,172 shares | $32,166,174 |
| SUPER MICRO COMPUTER INC | NOTE 6/1 | 86800UAF1 | — | 35,625,000 principal | $31,775,911 |
| META PLATFORMS INC | CL A | 30303M102 | — | 50,076 shares | $28,207,310 |
| MICRON TECHNOLOGY INC | COM | 595112103 | — | 22,779 shares | $26,293,572 |
| SPDR SERIES TRUST | ST STR SP HOME | 78464A888 | — | 226,500 shares | $26,174,340 |
| SUPER MICRO COMPUTER INC | 7 DEP CM SR A WI | 86800U500 | — | 500,000 shares | $25,641,855 |
| TRAVERE THERAPEUTICS INC | COM | 89422G107 | — | 446,696 shares | $25,376,800 |
| SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | — | 155,000 shares | $24,592,300 |
| BLOCK INC | CL A | 852234103 | — | 318,609 shares | $24,214,284 |
| INTEL CORP | COM | 458140100 | — | 171,262 shares | $23,913,313 |
| GREEN PLAINS INC | NOTE 2.250% 3/1 | 393222AK0 | — | 23,694,000 principal | $23,781,412 |
| FIRST SOLAR INC | COM | 336433107 | — | 99,200 shares | $23,407,232 |
| BOEING CO | COM | 097023105 | — | 107,864 shares | $23,349,320 |
| PALO ALTO NETWORKS INC | COM | 697435105 | — | 67,110 shares | $22,885,852 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 | — | 112,004 shares | $22,613,608 |
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 46137V357 | — | 106,000 shares | $22,553,620 |
| UBER TECHNOLOGIES INC | NOTE 5/1 | 90353TAS9 | — | 19,000,000 principal | $22,009,013 |
| COCA COLA CO | COM | 191216100 | — | 267,554 shares | $21,744,114 |
| TESLA INC | COM | 88160R101 | PUT | 50,000 shares | $21,030,000 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 | — | 3,566,446 shares | $20,970,702 |
| STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | — | 27,900 shares | $20,834,883 |
| SPDR SERIES TRUST | ST STR SP REGBNK | 78464A698 | — | 268,000 shares | $20,059,800 |
| NOVAVAX INC | COM NEW | 670002401 | PUT | 2,086,600 shares | $19,655,772 |
| BROADCOM INC | COM | 11135F101 | — | 50,016 shares | $18,893,544 |
| CME GROUP INC | COM | 12572Q105 | — | 84,553 shares | $18,671,839 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | — | 62,000 shares | $18,627,900 |
| SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | — | 350,000 shares | $18,588,500 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | CALL | 50,000 shares | $18,419,000 |
| APPLE INC | COM | 037833100 | PUT | 58,500 shares | $16,927,560 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | — | 462,000 shares | $15,939,000 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | — | 16,688 shares | $15,611,123 |
| OKTA INC | CL A | 679295105 | — | 114,400 shares | $15,609,880 |
| SHERWIN WILLIAMS CO | COM | 824348106 | — | 44,299 shares | $15,253,032 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 | — | 192,048 shares | $14,455,453 |
| IDEX CORP | COM | 45167R104 | — | 59,798 shares | $13,571,156 |
| GREEN PLAINS INC | DEBT 5.250%11/0 | 393222AL8 | — | 9,350,000 principal | $12,696,598 |
| SELECT SECTOR SPDR TR | ST STR INDL ETF | 81369Y704 | — | 66,240 shares | $12,269,635 |
| CLOUDFLARE INC | CL A COM | 18915M107 | — | 49,237 shares | $12,076,851 |
| LOWES COS INC | COM | 548661107 | — | 52,565 shares | $11,590,057 |
| CEREBRAS SYSTEMS INC | COM CL A | 15675D103 | — | 52,420 shares | $11,584,820 |
| SELECT SECTOR SPDR TR | ST STR MATER ETF | 81369Y100 | — | 225,000 shares | $11,436,750 |
| MONGODB INC | CL A | 60937P106 | — | 33,561 shares | $11,273,140 |
| HOME DEPOT INC | COM | 437076102 | — | 31,921 shares | $11,257,898 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | PUT | 100,000 shares | $10,907,000 |
| NISOURCE INC | COM | 65473P105 | — | 223,547 shares | $10,629,660 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | — | 20,169 shares | $10,358,798 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | — | 30,466 shares | $10,067,794 |
| RTX CORPORATION | COM | 75513E101 | — | 52,871 shares | $10,031,215 |
| FORTIVE CORP | COM | 34959J108 | — | 163,335 shares | $9,978,135 |
| ENPHASE ENERGY INC | COM | 29355A107 | — | 199,018 shares | $9,799,646 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 | — | 2,120,412 shares | $9,796,303 |
| GE AEROSPACE | COM NEW | 369604301 | — | 25,900 shares | $9,679,607 |
| NVENT ELEC PLC | SHS | G6700G107 | — | 56,160 shares | $9,525,298 |
| FEDEX CORP | COM | 31428X106 | — | 30,091 shares | $9,422,395 |
| HUNT J B TRANS SVCS INC | COM | 445658107 | — | 30,819 shares | $8,919,943 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | — | 17,628 shares | $8,820,875 |
| MICROSOFT CORP | COM | 594918104 | CALL | 23,500 shares | $8,765,970 |
| HOWMET AEROSPACE INC | COM | 443201108 | — | 32,228 shares | $8,664,820 |
| DYNATRACE INC | COM NEW | 268150109 | — | 197,000 shares | $8,650,270 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | — | 259,000 shares | $8,622,110 |
| FASTENAL CO | COM | 311900104 | — | 175,804 shares | $8,443,866 |
| MICROSOFT CORP | COM | 594918104 | — | 22,479 shares | $8,385,117 |
| SMITH A O CORP | COM | 831865209 | — | 133,343 shares | $8,363,273 |
| CATERPILLAR INC | COM | 149123101 | — | 7,824 shares | $8,331,778 |
| T-MOBILE US INC | COM | 872590104 | — | 48,950 shares | $8,210,384 |
| TWILIO INC | CL A | 90138F102 | — | 39,388 shares | $8,126,926 |
| TEMPUS AI INC | CL A | 88023B103 | — | 139,000 shares | $8,052,270 |
| COGNEX CORP | COM | 192422103 | — | 110,803 shares | $8,024,353 |