SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Graham Capital Management, L.P.

CIK 0001315421 · 40 HIGHLAND AVENUE, ROWAYTON, CT, 06853 · 203.899.3400

Reported Value
$2.3B
Q4 2018
Positions
65
Filings on Record
30
2019–present window
Filed
Feb 14, 2019
original filing

Summary

Graham Capital Management, L.P. reported $2.3B in U.S.-listed holdings across 65 positions for Q4 2018.

Its largest position, Tesla, represents 4.4% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+23.7%
share of reported value
Largest Position
+4.4%
Tesla

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.3BQ4 ’18Q1 ’19: $1.9BQ2 ’19: $3.4BQ3 ’19: $3.1BQ4 ’19: $2.7BQ4 ’19Q1 ’20: $1.4BQ2 ’20: $2.1BQ3 ’20: $2.9BQ4 ’20: $2.7BQ4 ’20Q1 ’21: $2.2BQ2 ’21: $1.9BQ3 ’21: $2.0BQ4 ’21: $2.3BQ4 ’21Q1 ’22: $2.9BQ2 ’22: $2.5BQ3 ’22: $2.5BQ4 ’22: $3.3BQ4 ’22Q1 ’23: $3.3BQ2 ’23: $3.5BQ3 ’23: $4.3BQ4 ’23: $4.5BQ4 ’23Q1 ’24: $5.3BQ2 ’24: $4.6BQ3 ’24: $5.8BQ4 ’24: $6.7BQ4 ’24Q1 ’25: $5.7BQ2 ’25: $6.6BQ3 ’25: $6.3BQ4 ’25: $4.2BQ4 ’25Q1 ’26: $4.1Bfilingsflow.com

Portfolio Composition

By security type
ETP: 63.2%US DOMESTIC: 28.3%Common Stock: 2.9%GLOBAL: 2.0%ADR: 1.7%Other: 1.9%
  • ETP · 63.2% · $1.4B
  • US DOMESTIC · 28.3% · $642M
  • Common Stock · 2.9% · $66M
  • GLOBAL · 2.0% · $46M
  • ADR · 1.7% · $38M
  • Other · 1.9% · $43M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
GQ9SPDR GOLD TRUSTNEW+10.00M10.00M+$1.2B$1.2B
ISHARES TRNEW+1.13M1.13M+$151M$151M
TESLA INCNEW+82.40M82.40M+$100M$100M
ADVANCED MICRO DEVICES INCNEW+38.50M38.50M+$94M$94M
TESLA INCNEW+62.50M62.50M+$70M$70M
AK STL CORPNEW+67.89M67.89M+$67M$67M
CHESAPEAKE ENERGY CORPNEW+78.00M78.00M+$63M$63M
SILVER STD RES INCNEW+35.97M35.97M+$36M$36M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TESLA INCNote8.43%$191M164.90M
2ADVANCED MICRO DEVICES INCNote4.12%$94M38.50M
3AK STL CORPNote2.97%$67M67.89M
4CHESAPEAKE ENERGY CORPNote2.79%$63M78.00M
5SILVER STD RES INCNote1.58%$36M35.97M
6XLESELECT SECTOR SPDR TRhistory →ENERGY · SBI INT-FINL1.55%$35M718.5K
7BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.33%$30M220.0K
8GOPRO INCNote1.09%$25M30.00M
9RESTORATION HARDWARE HLDGS IDBCV 7/10.98%$22M19.00M
10ISHARES TRRUSSELL 2000 ETF · MSCI EMG MKT ETF0.92%$21M226.0K
11MSFTMICROSOFT CORPhistory →COM0.90%$20M200.0K
12REDWOOD TR INCNote0.83%$19M19.80M
13PRETIUM RES INCNote0.79%$18M20.00M
14INTREXON CORPNote0.72%$16M23.00M
15CANADIAN SOLAR INCNote0.70%$16M16.00M
16RTW HLDGS INCNote0.66%$15M14.75M
17BACBANK AMER CORPhistory →COM0.65%$15M600.0K
18KAMAN CORPNote0.60%$14M12.88M
19INTERCEPT PHARMACEUTICALS INNote0.60%$14M14.64M
20RADIUS HEALTH INCNote0.59%$13M17.50M
21ARRAY BIOPHARMA INCNote0.54%$12M10.00M
22SHIP FIN INTL LTDNote0.52%$12M13.00M
23COLONY CAP INCNote0.49%$11M12.00M
24SUNPOWER CORPDBCV 4.000% 1/1 · DBCV 0.875% 6/00.48%$11M13.94M
25ISHARES INCMSCI BRAZIL ETF0.42%$10M250.0K
26CONTURA ENERGY INCCOM0.42%$10M144.6K
27GOLAR LNG LTDNote0.37%$8M8.90M
28DERMIRA INCNote0.29%$7M8.50M
29ENCORE CAP EUROPE FIN LTDNote0.27%$6M7.50M
30DHT HOLDINGS INCDEBT 4.500%10/00.25%$6M5.78M
31CMECME GROUP INCCOM CL A0.25%$6M30.0K
32PANDORA MEDIA INCNote0.18%$4M4.25M
33VERASTEM INCNote0.12%$3M3.50M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$4.1B1,120May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.2B1,189Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$6.3B1,208Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$6.6B1,264Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.7B1,253May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.7B1,199Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$5.8B1,067Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.6B1,002Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$5.3B1,027May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.5B960Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.3B980Nov 22, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.5B930Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.3B1,019May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.3B1,013Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.5B1,036Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.5B972Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.9B872May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.3B526Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.0B109Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.9B117Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.2B140May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.7B115Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.9B88Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.1B79Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.4B67May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.7B82Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.1B94Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.4B87Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.9B75May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.3B65Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.