SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Graham Capital Management, L.P.

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

Reported Value
$1.9B
Q1 2019
Positions
75
Filings on Record
30
2019–present window
Filed
May 15, 2019
original filing

Summary

Graham Capital Management, L.P. reported $1.9B in U.S.-listed holdings across 75 positions for Q1 2019.

Its largest position, Tesla, represents 7.7% of the portfolio.

Compared with Q4 2018, the fund opened 34 new positions and exited 22.

Portfolio Metrics

Turnover
+23.9%
vs prior filed quarter
Top-10 Concentration
+33.0%
share of reported value
Largest Position
+7.7%
Tesla
New / Exited
34 / 22
positions this quarter

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: 50.0%US DOMESTIC: 34.5%Common Stock: 7.1%Other: 2.9%ADR: 2.7%Other: 2.8%
  • ETP · 50.0% · $930M
  • US DOMESTIC · 34.5% · $643M
  • Common Stock · 7.1% · $132M
  • Other · 2.9% · $53M
  • ADR · 2.7% · $50M
  • Other · 2.8% · $53M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+1.46M1.46M+$65M$65M
VVISA INCNEW+240.0K240.0K+$37M$37M
CRMSALESFORCE COM INCNEW+160.0K160.0K+$25M$25M
MEDICINES CONEW+19.55M19.55M+$20M$20M
ZILLOW GROUP INCNEW+16.90M16.90M+$17M$17M
CLOVIS ONCOLOGY INCNEW+14.50M14.50M+$13M$13M
UNITI GROUP INCNEW+1.00M1.00M+$11M$11M
CATCATERPILLAR INC DELNEW+80.0K80.0K+$11M$11M

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

Holdings — Q1 2019

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TESLA INCNote7.68%$143M138.83M
2ADVANCED MICRO DEVICES INCNote6.93%$129M39.45M
3ISHARES TRCHINA LG-CAP ETF · US HOME CONS ETF · MSCI INDIA ETF4.36%$81M1.93M
4AK STL CORPNote3.65%$68M67.32M
5XLESELECT SECTOR SPDR TRENERGY · SBI INT-FINL2.75%$51M893.9K
6VVISA INChistory →COM CL A2.01%$37M240.0K
7BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.96%$36M200.0K
8RESTORATION HARDWARE HLDGS IDBCV 7/11.66%$31M28.18M
9GOPRO INCNote1.62%$30M30.45M
10CHESAPEAKE ENERGY CORPNote1.53%$28M30.75M
11MSFTMICROSOFT CORPhistory →COM1.46%$27M230.0K
12CRMSALESFORCE COM INChistory →COM1.36%$25M160.0K
13SILVER STD RES INCNote1.07%$20M19.87M
14MEDICINES CONote1.05%$20M19.55M
15ARRAY BIOPHARMA INCNote0.95%$18M10.00M
16ZILLOW GROUP INCNote0.93%$17M16.90M
17KAMAN CORPNote0.91%$17M15.38M
18PRETIUM RES INCNote0.86%$16M17.00M
19GOLAR LNG LTDNote0.84%$16M16.40M
20CONTURA ENERGY INCCOM0.83%$15M266.0K
21RWT HLDGS INCNote0.82%$15M15.07M
22COLONY CAP INCNote0.75%$14M14.57M
23INTREXON CORPNote0.74%$14M23.00M
24CLOVIS ONCOLOGY INCNote0.72%$13M14.50M
25SHIP FIN INTL LTDNote0.71%$13M13.32M
26REDWOOD TR INCNote0.66%$12M12.50M
27INTERCEPT PHARMACEUTICALS INNote0.64%$12M12.00M
28CATCATERPILLAR INC DELhistory →COM0.58%$11M80.0K
29RSX1USDVANECK VECTORS ETF TRRUSSIA ETF0.52%$10M470.0K
30SCORPIO TANKERS INCNote0.48%$9M10.00M
31SUNPOWER CORPDBCV 0.875% 6/00.45%$8M9.94M
32WISDOMTREE TRINDIA ERNGS FD0.41%$8M290.3K
33OPKO HEALTH INCNote0.38%$7M7.50M
34ENCORE CAP EUROPE FIN LTDNote0.37%$7M7.85M
35DHT HOLDINGS INCDEBT 4.500%10/00.31%$6M5.78M
36CMECME GROUP INCCOM CL A0.27%$5M30.0K
37SPDR SERIES TRUSTS&P METALS MNG0.24%$4M150.0K

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 ↗.