Fund HoldingsGraham Capital Management, L.P.

Total Portfolio Value
$6.70B
Total Bought
$2.13B
Total Sold
$1.74B
Net Transaction
+$396.65M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
MICROSTRATEGY INC(MSTR)(Put)04,237,200+4,237,20001,712,803+1,712,803
SPDR S&P 500 ETF TR(SPY)(Put)0350,000+350,0000216,248+216,248
INVESCO QQQ TR(Put)0275,000+275,0000151,701+151,701
FIDELITY WISE ORIGIN BITCOIN(FBTC)(Put)01,075,400+1,075,4000101,077+101,077
BLOOM ENERGY CORP(BE)044,760,000+44,760,000063,4480.95%+63,448
ISHARES BITCOIN TRUST ETF(IBIT)02,555,708+2,555,7080156,4352.34%+156,435
ISHARES BITCOIN TRUST ETF(IBIT)(Put)02,507,600+2,507,6000153,490+153,490
PURECYCLE TECHNOLOGIES INC(PCT)062,567,000+62,567,00033,53977,1591.15%+43,619
PURECYCLE TECHNOLOGIES INC(PCT)(Put)03,475,800+3,475,800047,618+47,618
EOS ENERGY ENTERPRISES INC(EOSE)(Put)07,601,100+7,601,100038,918+38,918
SUNRUN INC(RUN)031,529,000+31,529,000022,5130.34%+22,513
SUNRUN INC(RUN)(Put)02,377,700+2,377,700019,450+19,450
VANGUARD INDEX FDS0110,000+110,000019,4410.29%+19,441
CIPHER MINING INC(CIFR)014,765,000+14,765,000019,0310.28%+19,031
TRAVERE THERAPEUTICS INC(TVTX)041,667,000+41,667,00020,74939,7480.59%+18,999
APPLE INC(AAPL)(Put)090,000+90,000018,465+18,465
CALUMET INC(CLMT)(Put)1,999,4002,610,100+610,70025,35241,135+15,783
INTERCONTINENTAL EXCHANGE IN(ICE)088,878+88,878016,3060.24%+16,306
ISHARES TR0318,425+318,425015,3610.23%+15,361
CATERPILLAR INC(CAT)040,582+40,582015,7540.24%+15,754
GROUPON INC(GRPN)(Put)0425,000+425,000014,216+14,216
BOSTON SCIENTIFIC CORP(BSX)55,788180,075+124,2875,62819,3420.29%+13,714
MONSTER BEVERAGE CORP NEW(MNST)0217,471+217,471013,6220.20%+13,622
COINBASE GLOBAL INC(COIN)075,500,000+75,500,00073,99487,4281.31%+13,434
SELECT SECTOR SPDR TR
ST STR UTIL ETF
355,000506,950+151,95027,99241,3980.62%+13,406
APPLIED DIGITAL CORP(Put)01,320,200+1,320,200013,294+13,294
ANALOG DEVICES INC(ADI)055,753+55,753013,2700.20%+13,270
ECHOSTAR CORP(ECHO)(Put)0432,900+432,900011,991+11,991
AMAZON COM INC(AMZN)0116,754+116,754025,6150.38%+25,615
CHEVRON CORP NEW(CVX)086,618+86,618012,4030.19%+12,403
NOVAVAX INC(NVAX)074,177,000+74,177,00063,20974,8351.12%+11,626
MARA HOLDINGS INC(MARA)(Put)02,731,000+2,731,000042,822+42,822
SCHWAB CHARLES CORP(SCHW)0140,487+140,487012,8180.19%+12,818
DOLLAR GEN CORP NEW(DG)136,339195,389+59,05011,98822,3490.33%+10,360
PURECYCLE TECHNOLOGIES INC(PCT)(Call)0853,400+853,400011,692+11,692
ARCH CAP GROUP LTD
ORD
0109,408+109,40809,9620.15%+9,962
SPDR S&P 500 ETF TR(SPY)10,60025,152+14,5525,93015,5400.23%+9,611
BRIDGEBIO PHARMA INC(BBIO)058,241,000+58,241,00063,64772,8301.09%+9,183
BANK AMERICA CORP0187,947+187,94708,8940.13%+8,894
AUTOMATIC DATA PROCESSING IN027,002+27,00208,3270.12%+8,327
BROADCOM INC(AVGO)029,620+29,62008,1650.12%+8,165
VEEVA SYS INC(VEEV)036,925+36,925010,6340.16%+10,634
PROSHARES TR(Put)
BITCOIN ETF
02,499,900+2,499,900053,773+53,773
BLACKSTONE INC(BX)40,45089,723+49,2735,65413,4210.20%+7,767
GREEN PLAINS INC(GPRE)(Put)01,287,000+1,287,00007,761+7,761
COMCAST CORP NEW(CCZ)0215,816+215,81607,7020.12%+7,702
BERKSHIRE HATHAWAY INC DEL015,761+15,76107,6560.11%+7,656
ISHARES TR023,800+23,80007,2440.11%+7,244
ENTERGY CORP NEW(ETR)085,835+85,83507,1350.11%+7,135
EMERSON ELEC CO(EMR)053,500+53,50007,1330.11%+7,133
EQUITABLE HLDGS INC0151,015+151,01508,4720.13%+8,472
METLIFE INC(MET)084,597+84,59706,8030.10%+6,803
ISHARES INC
MSCI JAPAN ETF
74,229158,200+83,9715,08911,8600.18%+6,771
NUTANIX INC(NTNX)0109,605+109,60508,3780.13%+8,378
SALESFORCE INC(CRM)023,916+23,91606,5220.10%+6,522
MCKESSON CORP(MCK)08,815+8,81506,4590.10%+6,459
PLUG POWER INC(PLUG)(Put)06,893,100+6,893,100010,271+10,271
OKTA INC(OKTA)49,011115,245+66,2345,15711,5210.17%+6,364
NEW FORTRESS ENERGY INC(Put)01,895,500+1,895,50006,293+6,293
BLOOM ENERGY CORP(BE)036,170,000+36,170,00047,45553,7260.80%+6,271
GREEN PLAINS INC(GPRE)(Call)01,005,500+1,005,50006,063+6,063
SPDR INDEX SHS FDS(Put)
ST STR EU 50 ETF
0100,000+100,00005,973+5,973
NVIDIA CORPORATION(NVDA)0122,737+122,737019,3910.29%+19,391
VANECK ETF TRUST
SEMICONDUCTR ETF
020,500+20,50005,7170.09%+5,717
AMCOR PLC(AMCR)0720,965+720,96506,6260.10%+6,626
CENCORA INC018,219+18,21905,4630.08%+5,463
PROCAP ACQUISITION CORP0500,000+500,00005,3600.08%+5,360
OCCIDENTAL PETE CORP(OXY)0126,844+126,84405,3290.08%+5,329
UNITED RENTALS INC(URI)08,502+8,50206,4050.10%+6,405
COGNIZANT TECHNOLOGY SOLUTIO(CTSH)070,316+70,31605,4870.08%+5,487
PARKER-HANNIFIN CORP(PH)07,500+7,50005,2390.08%+5,239
VANECK ETF TRUST
GOLD MINERS ETF
0100,000+100,00005,2060.08%+5,206
VANECK ETF TRUST(Put)
GOLD MINERS ETF
0100,000+100,00005,206+5,206
STRIDE INC(LRN)043,423+43,42306,3050.09%+6,305
GREEN PLAINS INC(GPRE)043,053,000+43,053,00031,65936,7550.55%+5,095
LENNAR CORP(LEN)057,939+57,93906,4090.10%+6,409
MICROCHIP TECHNOLOGY INC.(MCHP)070,432+70,43204,9560.07%+4,956
BITDEER TECHNOLOGIES GROUP(BTDR)(Put)0430,700+430,70004,944+4,944
BLACKSTONE MORTGAGE TRUST IN(BXMT)020,888,000+20,888,00015,51820,4300.31%+4,911
ADOBE INC(ADBE)012,646+12,64604,8920.07%+4,892
CONSOLIDATED EDISON INC(ED)58,352112,361+54,0096,45311,2750.17%+4,822
LAM RESEARCH CORP(LRCX)95,093120,407+25,3146,91311,7200.18%+4,807
BOEING CO(BA)090,924+90,924019,0510.28%+19,051
ICICI BANK LIMITED(IBN)0141,795+141,79504,7700.07%+4,770
TALOS ENERGY INC(TALO)0588,200+588,20004,9880.07%+4,988
GENERAL MTRS CO(GM)099,513+99,51304,8970.07%+4,897
ISHARES INC(Put)
MSCI TAIWAN ETF
080,500+80,50004,621+4,621
INVITATION HOMES INC(INVH)0139,305+139,30504,5690.07%+4,569
MERCADOLIBRE INC(MELI)7,2147,127-8714,07418,6270.28%+4,554
SPDR SERIES TRUST
ST STR SP HOME
086,000+86,00008,4770.13%+8,477
MARTIN MARIETTA MATLS INC(MLM)08,000+8,00004,3920.07%+4,392
MERITAGE HOMES CORP(MTH)073,675+73,67504,9340.07%+4,934
RESMED INC(RMD)016,991+16,99104,3840.07%+4,384
EATON CORP PLC(ETN)012,200+12,20004,3550.07%+4,355
CANTOR EQUITY PARTNERS II IN
CL A ORD SHS
0394,318+394,31804,3490.06%+4,349
AMER SPORTS INC(AS)0110,948+110,94804,3000.06%+4,300
ISHARES ETHEREUM TR(ETHA)0525,000+525,000010,0120.15%+10,012
BANK OZK LITTLE ROCK ARK(OZK)090,779+90,77904,2720.06%+4,272
ISHARES TR
MSCI INDIA ETF
0111,200+111,20006,1920.09%+6,192
CME GROUP INC(CME)087,349+87,349024,0750.36%+24,075
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