GRAHAM CAPITAL MANAGEMENT, L.P.

Filed: 5/15/2024ACC: 0001041062-24-000090

📋 What this filing means

GRAHAM CAPITAL MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 1015 equity positions with a total reported market value of $5.31B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

1015

Positions

$5.31B

Total AUM (reported)

1.29B

Total Shares

Allocation by class

COM$1.28B24.2%

CL A NEW$927.88M17.5%

RUSSELL 2000 ETF$633.57M11.9%

NOTE 0.750%12/1$241.82M4.6%

NOTE 3.250% 4/0$210.99M4.0%

NOTE 0.750% 9/0$197.27M3.7%

SHS$177.67M3.3%

Portfolio Concentration

Top 3$1.80B33.9%

4–10$953.72M18.0%

11–25$613.75M11.6%

Rest$1.94B36.6%

Top 3 weight

33.9%

Top 10 weight

51.8%

Voting Authority Distribution

Total shares with voting rights: 1.29B

Sole

Full voting authority

1.29B

% 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)

Sole1015

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings1015

Rows:

MICROSTRATEGY INC

SOLE

CL A NEW

Shares541.34K

TypeSH

Market value$922.75M

17.38%

Sole

541.34K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares3.01M

TypeSH

Market value$633.57M

11.93%

Sole

3.01M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 0.750%12/1

Shares56.37M

TypePRN

Market value$241.82M

4.55%

Sole

56.37M

Shared

0.00

None

0.00

PERMIAN RESOURCES CORP

SOLE

NOTE 3.250% 4/0

Shares70.18M

TypePRN

Market value$210.99M

3.97%

Sole

70.18M

Shared

0.00

None

0.00

ZILLOW GROUP INC

SOLE

NOTE 0.750% 9/0

Shares166.84M

TypePRN

Market value$197.27M

3.72%

Sole

166.84M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 2/1

Shares104M

TypePRN

Market value$142.28M

2.68%

Sole

104M

Shared

0.00

None

0.00

PEABODY ENGR CORP

SOLE

NOTE 3.250% 3/0

Shares89.51M

TypePRN

Market value$126.64M

2.39%

Sole

89.51M

Shared

0.00

None

0.00

TILRAY BRANDS INC

SOLE

NOTE 5.200% 6/1

Shares83.50M

TypePRN

Market value$98.91M

1.86%

Sole

83.50M

Shared

0.00

None

0.00

ISHARES BITCOIN TR

SOLE

SHS

Shares2.44M

TypeSH

Market value$98.77M

1.86%

Sole

2.44M

Shared

0.00

None

0.00

BRIDGEBIO PHARMA INC

SOLE

NOTE 2.500% 3/1

Shares73.24M

TypePRN

Market value$78.85M

1.49%

Sole

73.24M

Shared

0.00

None

0.00

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares170.60K

TypeSH

Market value$75.75M

1.43%

Sole

170.60K

Shared

0.00

None

0.00

TRANSOCEAN INC

SOLE

DEB 4.000%12/1

Shares52.33M

TypePRN

Market value$74.94M

1.41%

Sole

52.33M

Shared

0.00

None

0.00

COINBASE GLOBAL INC

SOLE

NOTE 0.500% 6/0

Shares52.50M

TypePRN

Market value$57.69M

1.09%

Sole

52.50M

Shared

0.00

None

0.00

DOLLAR GEN CORP NEW

SOLE

COM

Shares271.33K

TypeSH

Market value$42.34M

0.80%

Sole

271.33K

Shared

0.00

None

0.00

GREEN PLAINS INC

SOLE

NOTE 2.250% 3/1

Shares41.26M

TypePRN

Market value$42.20M

0.79%

Sole

41.26M

Shared

0.00

None

0.00

INSMED INC

SOLE

NOTE 0.750% 6/0

Shares37.21M

TypePRN

Market value$40.01M

0.75%

Sole

37.21M

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares205.54K

TypeSH

Market value$37.08M

0.70%

Sole

205.54K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares82.94K

TypeSH

Market value$34.89M

0.66%

Sole

82.94K

Shared

0.00

None

0.00

PENN ENTERTAINMENT INC

SOLE

NOTE 2.750% 5/1

Shares31.18M

TypePRN

Market value$34.00M

0.64%

Sole

31.18M

Shared

0.00

None

0.00

GEO CORRECTIONS HOLDINGS INC

SOLE

NOTE 6.500% 2/2

Shares18.60M

TypePRN

Market value$31.91M

0.60%

Sole

18.60M

Shared

0.00

None

0.00

MAXEON SOLAR TECHNOLOGIES LT

SOLE

NOTE 6.500% 7/1

Shares56.57M

TypePRN

Market value$31.18M

0.59%

Sole

56.57M

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares60.86K

TypeSH

Market value$29.55M

0.56%

Sole

60.86K

Shared

0.00

None

0.00

RIVIAN AUTOMOTIVE INC

SOLE

COM CL A

Shares2.57M

TypeSH

Market value$28.14M

0.53%

Sole

2.57M

Shared

0.00

None

0.00

MANNKIND CORP

SOLE

NOTE 2.500% 3/0

Shares24.40M

TypePRN

Market value$27.25M

0.51%

Sole

24.40M

Shared

0.00

None

0.00

BLOOM ENERGY CORP

SOLE

NOTE 2.500% 8/1

Shares25.53M

TypePRN

Market value$26.81M

0.50%

Sole

25.53M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
MICROSTRATEGY INCSOLE	CL A NEW	541.34K	SH	$922.75M 17.38%	541.34K
ISHARES TRSOLE	RUSSELL 2000 ETF	3.01M	SH	$633.57M 11.93%	3.01M
MICROSTRATEGY INCSOLE	NOTE 0.750%12/1	56.37M	PRN	$241.82M 4.55%	56.37M
PERMIAN RESOURCES CORPSOLE	NOTE 3.250% 4/0	70.18M	PRN	$210.99M 3.97%	70.18M
ZILLOW GROUP INCSOLE	NOTE 0.750% 9/0	166.84M	PRN	$197.27M 3.72%	166.84M
MICROSTRATEGY INCSOLE	NOTE 2/1	104M	PRN	$142.28M 2.68%	104M
PEABODY ENGR CORPSOLE	NOTE 3.250% 3/0	89.51M	PRN	$126.64M 2.39%	89.51M
TILRAY BRANDS INCSOLE	NOTE 5.200% 6/1	83.50M	PRN	$98.91M 1.86%	83.50M
ISHARES BITCOIN TRSOLE	SHS	2.44M	SH	$98.77M 1.86%	2.44M
BRIDGEBIO PHARMA INCSOLE	NOTE 2.500% 3/1	73.24M	PRN	$78.85M 1.49%	73.24M
INVESCO QQQ TRSOLE	UNIT SER 1	170.60K	SH	$75.75M 1.43%	170.60K
TRANSOCEAN INCSOLE	DEB 4.000%12/1	52.33M	PRN	$74.94M 1.41%	52.33M
COINBASE GLOBAL INCSOLE	NOTE 0.500% 6/0	52.50M	PRN	$57.69M 1.09%	52.50M
DOLLAR GEN CORP NEWSOLE	COM	271.33K	SH	$42.34M 0.80%	271.33K
GREEN PLAINS INCSOLE	NOTE 2.250% 3/1	41.26M	PRN	$42.20M 0.79%	41.26M
INSMED INCSOLE	NOTE 0.750% 6/0	37.21M	PRN	$40.01M 0.75%	37.21M
AMAZON COM INCSOLE	COM	205.54K	SH	$37.08M 0.70%	205.54K
MICROSOFT CORPSOLE	COM	82.94K	SH	$34.89M 0.66%	82.94K
PENN ENTERTAINMENT INCSOLE	NOTE 2.750% 5/1	31.18M	PRN	$34.00M 0.64%	31.18M
GEO CORRECTIONS HOLDINGS INCSOLE	NOTE 6.500% 2/2	18.60M	PRN	$31.91M 0.60%	18.60M
MAXEON SOLAR TECHNOLOGIES LTSOLE	NOTE 6.500% 7/1	56.57M	PRN	$31.18M 0.59%	56.57M
META PLATFORMS INCSOLE	CL A	60.86K	SH	$29.55M 0.56%	60.86K
RIVIAN AUTOMOTIVE INCSOLE	COM CL A	2.57M	SH	$28.14M 0.53%	2.57M
MANNKIND CORPSOLE	NOTE 2.500% 3/0	24.40M	PRN	$27.25M 0.51%	24.40M
BLOOM ENERGY CORPSOLE	NOTE 2.500% 8/1	25.53M	PRN	$26.81M 0.50%	25.53M

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