SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Granger Management LLC

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

Reported Value
$243M
Q2 2023
Positions
23
Filings on Record
23
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Granger Management LLC reported $243M in U.S.-listed holdings across 23 positions for Q2 2023.

The portfolio is heavily concentrated: ACWI alone accounts for 28.9% of reported value.

Compared with Q1 2023, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+1.0%
vs prior filed quarter
Top-10 Concentration
+97.0%
share of reported value
Largest Position
+28.9%
Ishares Tr
New / Exited
1 / 2
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: 82.4%Common Stock: 17.1%REIT: 0.5%
  • ETP · 82.4% · $200M
  • Common Stock · 17.1% · $42M
  • REIT · 0.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+53.8K53.8K+$3M$3M
DYHTARGET CORPSOLD OUT−3.0K0−$501,031$0
SPDR SER TRSOLD OUT−8.3K0−$307,792$0
NDQINVESCO QQQ TRTRIMMED−4.0K11.3K−$728,518$4M
VUGVANGUARD INDEX FDSTRIMMED−5031.6K−$71,919$453,513
DKNGDRAFTKINGS INC NEWTRIMMED−91.2K655.4K+$3M$17M
DWDMORGAN STANLEYTRIMMED−2553.9K−$31,704$331,437
GOOGLALPHABET INCHELD−1075.1K+$70,699$613,103

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

Holdings — Q2 2023

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACWIISHARES TRMSCI ACWI ETF · RUS 1000 VAL ETF · MSCI ACWI EX US · S&P 500 VAL ETF46.90%$114M1.05M
2SPDR S&P 500 ETF TRTR UNIT20.88%$51M114.0K
3XLESELECT SECTOR SPDR TRENERGY · FINANCIAL12.35%$30M377.3K
4DKNGDRAFTKINGS INC NEWhistory →COM CL A7.17%$17M655.4K
5AMZNAMAZON COM INChistory →COM5.72%$14M106.6K
6NDQINVESCO QQQ TRhistory →UNIT SER 11.72%$4M11.3K
7AAPLAPPLE INChistory →COM1.70%$4M21.3K
8MSFTMICROSOFT CORPCOM0.91%$2M6.5K
9GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.74%$2M15.0K
10SPGSIMON PPTY GROUP INC NEWCOM0.50%$1M10.5K
11FIRST TR EXCHANGE TRADED FDWTR ETF0.39%$946,90210.7K
12VUGVANGUARD INDEX FDSGROWTH ETF0.19%$453,5131.6K
13TSLATESLA INCCOM0.18%$435,8471.7K
14SNOWSNOWFLAKE INCCL A0.17%$403,3462.3K
15BACBANK AMERICA CORPCOM0.14%$350,64912.2K
16DWDMORGAN STANLEYCOM NEW0.14%$331,4373.9K
17GSGOLDMAN SACHS GROUP INCCOM0.12%$294,156912
18BXBLACKSTONE INCCOM0.10%$241,7222.6K

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 ↗.