SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Granger Management LLC

CIK 0001842881 · 510 MADISON AVENUE, SUITE 2700, NEW YORK, NY, 10022 · 9144716204

Reported Value
$227M
Q1 2023
Positions
24
Filings on Record
23
2019–present window
Filed
May 2, 2023
original filing

Summary

Granger Management LLC reported $227M in U.S.-listed holdings across 24 positions for Q1 2023.

The portfolio is heavily concentrated: ACWI alone accounts for 29.5% of reported value.

Compared with Q4 2022, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+17.0%
vs prior filed quarter
Top-10 Concentration
+97.1%
share of reported value
Largest Position
+29.5%
Ishares Tr
New / Exited
2 / 1
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 ’20: $794MQ4 ’20Q1 ’21: $648MQ2 ’21: $494MQ3 ’21: $575MQ3 ’21Q4 ’21: $609MQ1 ’22: $380MQ2 ’22: $296MQ2 ’22Q3 ’22: $324MQ4 ’22: $229MQ1 ’23: $227MQ1 ’23Q2 ’23: $243MQ3 ’23: $237MQ4 ’23: $274MQ4 ’23Q1 ’24: $501MQ2 ’24: $600MQ3 ’24: $508MQ3 ’24Q4 ’24: $440MQ1 ’25: $277MQ2 ’25: $268MQ2 ’25Q3 ’25: $343MQ4 ’25: $378MQ1 ’26: $358MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 84.1%Common Stock: 15.4%REIT: 0.5%
  • ETP · 84.1% · $190M
  • Common Stock · 15.4% · $35M
  • REIT · 0.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSLATESLA INCNEW+1.7K1.7K+$347,703$347,703
BXBLACKSTONE INCNEW+2.6K2.6K+$228,384$228,384
XLESELECT SECTOR SPDR TRADDED+351.4K364.1K+$29M$30M
ISHARES TRSOLD OUT−222.7K0−$22M$0
NDQINVESCO QQQ TRTRIMMED−6.4K15.2K−$861,750$5M
ISHARES TRTRIMMED−1.0K2.6K−$129,217$393,463
SPDR S&P 500 ETF TRTRIMMED−41.2K114.2K−$13M$47M
ACWIISHARES TRTRIMMED−124.9K732.0K−$6M$67M

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

Holdings — Q1 2023

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACWIISHARES TRMSCI ACWI ETF · RUS 1000 VAL ETF · S&P 500 VAL ETF46.93%$106M992.0K
2SPDR S&P 500 ETF TRTR UNIT20.72%$47M114.2K
3XLESELECT SECTOR SPDR TRENERGY · FINANCIAL13.50%$31M377.3K
4DKNGDRAFTKINGS INC NEWhistory →COM CL A6.38%$14M746.6K
5AMZNAMAZON COM INChistory →COM4.87%$11M106.8K
6NDQINVESCO QQQ TRhistory →UNIT SER 12.16%$5M15.2K
7AAPLAPPLE INChistory →COM1.55%$4M21.3K
8MSFTMICROSOFT CORPCOM0.83%$2M6.6K
9GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.69%$2M15.1K
10SPGSIMON PPTY GROUP INC NEWCOM0.53%$1M10.7K
11FIRST TR EXCHANGE TRADED FDWTR ETF0.39%$894,08810.7K
12VUGVANGUARD INDEX FDSGROWTH ETF0.23%$525,4322.1K
13DYHTARGET CORPCOM0.22%$501,0313.0K
14DWDMORGAN STANLEYCOM NEW0.16%$363,1414.1K
15SNOWSNOWFLAKE INCCL A0.16%$353,6332.3K
16BACBANK AMERICA CORPCOM0.15%$350,77912.3K
17TSLATESLA INCCOM0.15%$347,7031.7K
18SPDR SER TRS&P BK ETF0.14%$307,7928.3K
19GSGOLDMAN SACHS GROUP INCCOM0.13%$298,324912
20BXBLACKSTONE INCCOM0.10%$228,3842.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$358M6May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$378M6Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$343M6Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$268M6Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$277M5May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$440M7Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$508M22Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$600M23Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$501M21May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$274M27Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$237M22Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$243M23Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$227M24May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$229M23Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$324M27Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$296M29Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$380M30Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$609M31Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$575M32Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$494M33Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$648M33Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$794M39Feb 8, 202113F-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 ↗.