GRAHAM CAPITAL MANAGEMENT, L.P.

Filed: 2/14/2024ACC: 0001041062-24-000063

📋 What this filing means

GRAHAM CAPITAL MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 950 equity positions with a total reported market value of $4.51B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

950

Positions

$4.51B

Total AUM (reported)

1.24B

Total Shares

Allocation by class

COM$1.26B27.8%

RUSSELL 2000 ETF$732.09M16.2%

CL A NEW$336.63M7.5%

NOTE 0.750% 9/0$233.25M5.2%

NOTE 0.750%12/1$212.32M4.7%

NOTE 3.250% 4/0$163.14M3.6%

NOTE 3.250% 3/0$140.63M3.1%

Portfolio Concentration

Top 3$1.30B28.8%

4–10$833.84M18.5%

11–25$588.64M13.0%

Rest$1.79B39.7%

Top 3 weight

28.8%

Top 10 weight

47.2%

Voting Authority Distribution

Total shares with voting rights: 1.24B

Sole

Full voting authority

1.24B

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole950

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings950

Rows:

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares3.65M

TypeSH

Market value$732.09M

16.22%

Sole

3.65M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

CL A NEW

Shares527.40K

TypeSH

Market value$333.12M

7.38%

Sole

527.40K

Shared

0.00

None

0.00

ZILLOW GROUP INC

SOLE

NOTE 0.750% 9/0

Shares172.34M

TypePRN

Market value$233.25M

5.17%

Sole

172.34M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 0.750%12/1

Shares128.45M

TypePRN

Market value$212.32M

4.70%

Sole

128.45M

Shared

0.00

None

0.00

PERMIAN RESOURCES CORP

SOLE

NOTE 3.250% 4/0

Shares70.18M

TypePRN

Market value$163.14M

3.61%

Sole

70.18M

Shared

0.00

None

0.00

PEABODY ENGR CORP

SOLE

NOTE 3.250% 3/0

Shares98.01M

TypePRN

Market value$140.63M

3.11%

Sole

98.01M

Shared

0.00

None

0.00

TILRAY BRANDS INC

SOLE

NOTE 5.200% 6/1

Shares83.50M

TypePRN

Market value$92.53M

2.05%

Sole

83.50M

Shared

0.00

None

0.00

BRIDGEBIO PHARMA INC

SOLE

NOTE 2.500% 3/1

Shares73.24M

TypePRN

Market value$88.47M

1.96%

Sole

73.24M

Shared

0.00

None

0.00

TRANSOCEAN INC

SOLE

DEB 4.000%12/1

Shares52.33M

TypePRN

Market value$76.02M

1.68%

Sole

52.33M

Shared

0.00

None

0.00

BILL HOLDINGS INC

SOLE

NOTE 12/0

Shares64.57M

TypePRN

Market value$60.74M

1.35%

Sole

64.57M

Shared

0.00

None

0.00

OPKO HEALTH INC

SOLE

NOTE 4.500% 2/1

Shares54.52M

TypePRN

Market value$53.45M

1.18%

Sole

54.52M

Shared

0.00

None

0.00

BLOOM ENERGY CORP

SOLE

NOTE 2.500% 8/1

Shares42.53M

TypePRN

Market value$49.09M

1.09%

Sole

42.53M

Shared

0.00

None

0.00

MAXEON SOLAR TECHNOLOGIES LT

SOLE

SHS

Shares6.71M

TypeSH

Market value$48.13M

1.07%

Sole

6.71M

Shared

0.00

None

0.00

MAXEON SOLAR TECHNOLOGIES LT

SOLE

NOTE 6.500% 7/1

Shares56.57M

TypePRN

Market value$45.85M

1.02%

Sole

56.57M

Shared

0.00

None

0.00

ZSCALER INC

SOLE

NOTE 0.125% 7/0

Shares29.49M

TypePRN

Market value$44.82M

0.99%

Sole

29.49M

Shared

0.00

None

0.00

GREEN PLAINS INC

SOLE

NOTE 2.250% 3/1

Shares38.26M

TypePRN

Market value$40.11M

0.89%

Sole

38.26M

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares260.43K

TypeSH

Market value$39.57M

0.88%

Sole

260.43K

Shared

0.00

None

0.00

DOLLAR GEN CORP NEW

SOLE

COM

Shares281.73K

TypeSH

Market value$38.30M

0.85%

Sole

281.73K

Shared

0.00

None

0.00

PEABODY ENERGY CORP

SOLE

COM

Shares1.57M

TypeSH

Market value$38.12M

0.84%

Sole

1.57M

Shared

0.00

None

0.00

RIVIAN AUTOMOTIVE INC

SOLE

COM CL A

Shares1.62M

TypeSH

Market value$38.00M

0.84%

Sole

1.62M

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL C

Shares254.98K

TypeSH

Market value$35.93M

0.80%

Sole

254.98K

Shared

0.00

None

0.00

BLACKSTONE MORTGAGE TRUST IN

SOLE

NOTE 5.500% 3/1

Shares35.53M

TypePRN

Market value$32.03M

0.71%

Sole

35.53M

Shared

0.00

None

0.00

CYTOKINETICS INC

SOLE

NOTE 3.500% 7/0

Shares17.10M

TypePRN

Market value$30.19M

0.67%

Sole

17.10M

Shared

0.00

None

0.00

UBER TECHNOLOGIES INC

SOLE

COM

Shares455.40K

TypeSH

Market value$28.04M

0.62%

Sole

455.40K

Shared

0.00

None

0.00

WOLFSPEED INC

SOLE

NOTE 1.875%12/0

Shares40.29M

TypePRN

Market value$27.01M

0.60%

Sole

40.29M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
ISHARES TRSOLE	RUSSELL 2000 ETF	3.65M	SH	$732.09M 16.22%	3.65M
MICROSTRATEGY INCSOLE	CL A NEW	527.40K	SH	$333.12M 7.38%	527.40K
ZILLOW GROUP INCSOLE	NOTE 0.750% 9/0	172.34M	PRN	$233.25M 5.17%	172.34M
MICROSTRATEGY INCSOLE	NOTE 0.750%12/1	128.45M	PRN	$212.32M 4.70%	128.45M
PERMIAN RESOURCES CORPSOLE	NOTE 3.250% 4/0	70.18M	PRN	$163.14M 3.61%	70.18M
PEABODY ENGR CORPSOLE	NOTE 3.250% 3/0	98.01M	PRN	$140.63M 3.11%	98.01M
TILRAY BRANDS INCSOLE	NOTE 5.200% 6/1	83.50M	PRN	$92.53M 2.05%	83.50M
BRIDGEBIO PHARMA INCSOLE	NOTE 2.500% 3/1	73.24M	PRN	$88.47M 1.96%	73.24M
TRANSOCEAN INCSOLE	DEB 4.000%12/1	52.33M	PRN	$76.02M 1.68%	52.33M
BILL HOLDINGS INCSOLE	NOTE 12/0	64.57M	PRN	$60.74M 1.35%	64.57M
OPKO HEALTH INCSOLE	NOTE 4.500% 2/1	54.52M	PRN	$53.45M 1.18%	54.52M
BLOOM ENERGY CORPSOLE	NOTE 2.500% 8/1	42.53M	PRN	$49.09M 1.09%	42.53M
MAXEON SOLAR TECHNOLOGIES LTSOLE	SHS	6.71M	SH	$48.13M 1.07%	6.71M
MAXEON SOLAR TECHNOLOGIES LTSOLE	NOTE 6.500% 7/1	56.57M	PRN	$45.85M 1.02%	56.57M
ZSCALER INCSOLE	NOTE 0.125% 7/0	29.49M	PRN	$44.82M 0.99%	29.49M
GREEN PLAINS INCSOLE	NOTE 2.250% 3/1	38.26M	PRN	$40.11M 0.89%	38.26M
AMAZON COM INCSOLE	COM	260.43K	SH	$39.57M 0.88%	260.43K
DOLLAR GEN CORP NEWSOLE	COM	281.73K	SH	$38.30M 0.85%	281.73K
PEABODY ENERGY CORPSOLE	COM	1.57M	SH	$38.12M 0.84%	1.57M
RIVIAN AUTOMOTIVE INCSOLE	COM CL A	1.62M	SH	$38.00M 0.84%	1.62M
ALPHABET INCSOLE	CAP STK CL C	254.98K	SH	$35.93M 0.80%	254.98K
BLACKSTONE MORTGAGE TRUST INSOLE	NOTE 5.500% 3/1	35.53M	PRN	$32.03M 0.71%	35.53M
CYTOKINETICS INCSOLE	NOTE 3.500% 7/0	17.10M	PRN	$30.19M 0.67%	17.10M
UBER TECHNOLOGIES INCSOLE	COM	455.40K	SH	$28.04M 0.62%	455.40K
WOLFSPEED INCSOLE	NOTE 1.875%12/0	40.29M	PRN	$27.01M 0.60%	40.29M

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