Graham Capital Management, L.P.
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| APPLIED DIGITAL CORP | 0 | 0 | 0 | 0 | 171,702,472 | +171,702,472 |
| SUNRUN INC | 0 | 0 | 0 | 0 | 74,928,280 | +74,928,280 |
| PURECYCLE TECHNOLOGIES INC | 0 | 0 | 0 | 0 | 68,903,960 | +68,903,960 |
| RIVIAN AUTOMOTIVE INC | 0 | 0 | 0 | 0 | 67,106,412 | +67,106,412 |
| GREEN PLAINS INC | 0 | 0 | 0 | 0 | 61,402,627 | +61,402,627 |
| TILRAY BRANDS INC | 0 | 0 | 0 | 0 | 60,853,690 | +60,853,690 |
| THE REALREAL INC | 0 | 0 | 0 | 0 | 60,246,253 | +60,246,253 |
| GROUPON INC | 0 | 0 | 0 | 0 | 58,214,633 | +58,214,633 |
| BRIDGEBIO PHARMA INC | 0 | 0 | 0 | 0 | 41,986,375 | +41,986,375 |
| RAMACO RES INC | 0 | 0 | 0 | 0 | 40,036,650 | +40,036,650 |
| ISHARES INC | 0 | 806,849 | +806,849 | 0 | 43,513,367 | +43,513,367 |
| CLEANSPARK INC | 0 | 0 | 0 | 0 | 35,771,705 | +35,771,705 |
| CIPHER MINING INC | 0 | 2,258,042 | +2,258,042 | 0 | 33,328,700 | +33,328,700 |
| NETFLIX INC | 0 | 393,923 | +393,923 | 0 | 36,934,220 | +36,934,220 |
| ISHARES TR(Put) | 0 | 450,000 | +450,000 | 0 | 39,222,000 | +39,222,000 |
| KRANESHARES TRUST(Call) | 0 | 865,000 | +865,000 | 0 | 29,453,250 | +29,453,250 |
| MARA HOLDINGS INC | 0 | 0 | 0 | 0 | 28,442,485 | +28,442,485 |
| UNITED PARCEL SERVICE INC | 0 | 301,414 | +301,414 | 0 | 29,897,255 | +29,897,255 |
| APPLIED OPTOELECTRONICS INC | 0 | 0 | 0 | 0 | 26,510,031 | +26,510,031 |
| NVIDIA CORPORATION | 0 | 222,279 | +222,279 | 0 | 41,455,034 | +41,455,034 |
| META PLATFORMS INC | 0 | 75,237 | +75,237 | 0 | 49,663,191 | +49,663,191 |
| EOS ENERGY ENTERPRISES INC | 0 | 1,791,515 | +1,791,515 | 0 | 20,530,762 | +20,530,762 |
| BLACKSTONE MORTGAGE TRUST IN | 0 | 0 | 0 | 0 | 20,483,215 | +20,483,215 |
| AMAZON COM INC | 166,698 | 246,872 | +80,174 | 36,601,880 | 56,982,995 | +20,381,115 |
| SOLARIS ENERGY INFRAS INC | 0 | 0 | 0 | 0 | 19,751,519 | +19,751,519 |
| BLOOM ENERGY CORP | 0 | 194,563 | +194,563 | 0 | 16,905,579 | +16,905,579 |
| CITIGROUP INC | 0 | 241,094 | +241,094 | 0 | 28,133,259 | +28,133,259 |
| SALESFORCE INC | 0 | 83,752 | +83,752 | 0 | 22,186,742 | +22,186,742 |
| OPENDOOR TECHNOLOGIES INC | 0 | 2,768,208 | +2,768,208 | 0 | 16,138,653 | +16,138,653 |
| SELECT SECTOR SPDR TR | 0 | 377,830 | +377,830 | 0 | 16,129,563 | +16,129,563 |
| MCDONALDS CORP | 0 | 68,737 | +68,737 | 0 | 21,008,089 | +21,008,089 |
| VANECK ETF TRUST | 0 | 48,000 | +48,000 | 0 | 13,668,960 | +13,668,960 |
| INTEL CORP | 0 | 367,124 | +367,124 | 0 | 13,546,876 | +13,546,876 |
| MICRON TECHNOLOGY INC | 0 | 96,114 | +96,114 | 0 | 27,431,897 | +27,431,897 |
| T1 ENERGY INC | 0 | 0 | 0 | 0 | 13,409,599 | +13,409,599 |
| ALPHABET INC | 50,783 | 80,654 | +29,871 | 12,368,200 | 25,309,225 | +12,941,025 |
| FIRST SOLAR INC | 0 | 98,074 | +98,074 | 0 | 25,619,871 | +25,619,871 |
| KRANESHARES TRUST | 0 | 555,390 | +555,390 | 0 | 18,911,030 | +18,911,030 |
| VERIZON COMMUNICATIONS INC | 0 | 284,227 | +284,227 | 0 | 11,576,566 | +11,576,566 |
| CAPITAL ONE FINL CORP | 0 | 44,664 | +44,664 | 0 | 10,824,767 | +10,824,767 |
| AUTOMATIC DATA PROCESSING IN | 0 | 39,971 | +39,971 | 0 | 10,281,740 | +10,281,740 |
| TJX COS INC NEW | 0 | 65,468 | +65,468 | 0 | 10,056,539 | +10,056,539 |
| PROCTER AND GAMBLE CO | 0 | 79,619 | +79,619 | 0 | 11,410,199 | +11,410,199 |
| GREEN PLAINS INC | 0 | 0 | 0 | 0 | 9,846,240 | +9,846,240 |
| IREN LIMITED | 0 | 242,729 | +242,729 | 0 | 9,167,874 | +9,167,874 |
| SPDR SERIES TRUST | 0 | 87,200 | +87,200 | 0 | 8,978,112 | +8,978,112 |
| BOEING CO | 77,618 | 118,056 | +40,438 | 16,752,293 | 25,632,319 | +8,880,026 |
| ISHARES TR | 0 | 82,500 | +82,500 | 0 | 8,719,425 | +8,719,425 |
| SSGA ACTIVE ETF TR | 0 | 200,000 | +200,000 | 0 | 8,254,000 | +8,254,000 |
| IDEX CORP | 0 | 47,105 | +47,105 | 0 | 8,381,864 | +8,381,864 |
| BROADCOM INC | 0 | 25,000 | +25,000 | 0 | 8,652,500 | +8,652,500 |
| SELECT SECTOR SPDR TR | 0 | 49,500 | +49,500 | 0 | 7,662,600 | +7,662,600 |
| ABRDN ETFS | 0 | 350,000 | +350,000 | 0 | 6,835,500 | +6,835,500 |
| EATON CORP PLC | 0 | 21,042 | +21,042 | 0 | 6,702,087 | +6,702,087 |
| MICROSOFT CORP | 0 | 24,483 | +24,483 | 0 | 11,840,468 | +11,840,468 |
| BEYOND MEAT INC | 0 | 0 | 0 | 0 | 6,145,488 | +6,145,488 |
| METLIFE INC | 0 | 77,510 | +77,510 | 0 | 6,118,639 | +6,118,639 |
| SABRE CORP | 0 | 4,451,200 | +4,451,200 | 0 | 6,053,632 | +6,053,632 |
| PRUDENTIAL FINL INC | 0 | 52,320 | +52,320 | 0 | 5,905,882 | +5,905,882 |
| GREEN PLAINS INC | 0 | 0 | 0 | 0 | 5,882,874 | +5,882,874 |
| CHECK POINT SOFTWARE TECH LT | 0 | 40,770 | +40,770 | 0 | 7,565,281 | +7,565,281 |
| CATERPILLAR INC | 0 | 10,000 | +10,000 | 0 | 5,728,700 | +5,728,700 |
| RALPH LAUREN CORP | 0 | 18,178 | +18,178 | 0 | 6,427,923 | +6,427,923 |
| WALMART INC | 0 | 64,020 | +64,020 | 0 | 7,132,468 | +7,132,468 |
| CANADIAN NATL RY CO | 0 | 59,880 | +59,880 | 0 | 5,919,138 | +5,919,138 |
| ISHARES TR(Put) | 0 | 50,000 | +50,000 | 0 | 5,509,500 | +5,509,500 |
| CINTAS CORP | 0 | 35,285 | +35,285 | 0 | 6,636,050 | +6,636,050 |
| NATERA INC | 0 | 25,747 | +25,747 | 0 | 5,898,380 | +5,898,380 |
| ADOBE INC | 13,948 | 28,824 | +14,876 | 4,920,157 | 10,088,112 | +5,167,955 |
| REPUBLIC SVCS INC | 0 | 23,100 | +23,100 | 0 | 4,895,583 | +4,895,583 |
| STARBUCKS CORP | 0 | 61,493 | +61,493 | 0 | 5,178,326 | +5,178,326 |
| HESAI GROUP | 0 | 204,871 | +204,871 | 0 | 4,589,110 | +4,589,110 |
| FLOWSERVE CORP | 0 | 65,494 | +65,494 | 0 | 4,543,974 | +4,543,974 |
| RTX CORPORATION | 0 | 30,890 | +30,890 | 0 | 5,665,226 | +5,665,226 |
| ISHARES TR | 0 | 333,000 | +333,000 | 0 | 12,750,570 | +12,750,570 |
| AT&T INC | 31,253 | 215,797 | +184,544 | 882,585 | 5,360,397 | +4,477,812 |
| FEDEX CORP | 0 | 15,224 | +15,224 | 0 | 4,397,605 | +4,397,605 |
| FORTIVE CORP | 0 | 77,318 | +77,318 | 0 | 4,268,727 | +4,268,727 |
| SELECT SECTOR SPDR TR | 0 | 27,500 | +27,500 | 0 | 4,265,800 | +4,265,800 |
| RALLIANT CORP | 0 | 83,512 | +83,512 | 0 | 4,251,596 | +4,251,596 |
| CALUMET INC(Put) | 0 | 2,610,100 | +2,610,100 | 0 | 51,862,687 | +51,862,687 |
| VULCAN MATLS CO | 0 | 14,750 | +14,750 | 0 | 4,206,995 | +4,206,995 |
| EMBRAER S.A. | 0 | 245,272 | +245,272 | 0 | 15,788,159 | +15,788,159 |
| SLB LIMITED | 0 | 105,000 | +105,000 | 0 | 4,029,900 | +4,029,900 |
| SPDR SERIES TRUST | 0 | 31,150 | +31,150 | 0 | 3,932,999 | +3,932,999 |
| RELX PLC | 0 | 96,787 | +96,787 | 0 | 3,912,131 | +3,912,131 |
| CENCORA INC | 0 | 21,715 | +21,715 | 0 | 7,334,241 | +7,334,241 |
| ISHARES INC | 0 | 55,000 | +55,000 | 0 | 3,813,150 | +3,813,150 |
| TRANSDIGM GROUP INC | 0 | 2,800 | +2,800 | 0 | 3,723,580 | +3,723,580 |
| EMERSON ELEC CO | 0 | 27,900 | +27,900 | 0 | 3,702,888 | +3,702,888 |
| DOVER CORP | 0 | 18,900 | +18,900 | 0 | 3,690,036 | +3,690,036 |
| TILRAY BRANDS INC(Call) | 0 | 405,400 | +405,400 | 0 | 3,660,762 | +3,660,762 |
| VISA INC | 0 | 28,032 | +28,032 | 0 | 9,831,103 | +9,831,103 |
| ISHARES TR | 0 | 30,400 | +30,400 | 0 | 3,341,264 | +3,341,264 |
| 3M CO | 0 | 20,585 | +20,585 | 0 | 3,295,659 | +3,295,659 |
| HOME DEPOT INC | 0 | 32,408 | +32,408 | 0 | 11,151,593 | +11,151,593 |
| TILRAY BRANDS INC | 0 | 359,540 | +359,540 | 0 | 3,246,646 | +3,246,646 |
| AMERICAN ELEC PWR CO INC | 0 | 27,955 | +27,955 | 0 | 3,223,491 | +3,223,491 |
| TOPBUILD CORP | 0 | 7,533 | +7,533 | 0 | 3,142,692 | +3,142,692 |
| RESMED INC | 0 | 21,477 | +21,477 | 0 | 5,173,165 | +5,173,165 |