GRAHAM CAPITAL MANAGEMENT, L.P.

Filed: 8/14/2024ACC: 0001041062-24-000122

📋 What this filing means

GRAHAM CAPITAL MANAGEMENT, L.P. filed this quarterly 13F‑HR report disclosing 992 equity positions with a total reported market value of $4.60B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

992

Positions

$4.60B

Total AUM (reported)

1.21B

Total Shares

Allocation by class

COM$1.09B23.8%

CL A NEW$860.80M18.7%

RUSSELL 2000 ETF$630.07M13.7%

NOTE 3.250% 4/0$193.90M4.2%

NOTE 2/1$167.57M3.6%

SHS$155.76M3.4%

CL A$148.69M3.2%

Portfolio Concentration

Top 3$1.68B36.6%

4–10$703.63M15.3%

11–25$559.09M12.2%

Rest$1.65B36.0%

Top 3 weight

36.6%

Top 10 weight

51.9%

Voting Authority Distribution

Total shares with voting rights: 1.21B

Sole

Full voting authority

1.21B

% 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)

Sole992

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings992

Rows:

MICROSTRATEGY INC

SOLE

CL A NEW

Shares622.50K

TypeSH

Market value$857.49M

18.65%

Sole

622.50K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares3.11M

TypeSH

Market value$630.07M

13.70%

Sole

3.11M

Shared

0.00

None

0.00

PERMIAN RESOURCES CORP

SOLE

NOTE 3.250% 4/0

Shares70.18M

TypePRN

Market value$193.90M

4.22%

Sole

70.18M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 2/1

Shares139.50M

TypePRN

Market value$167.57M

3.64%

Sole

139.50M

Shared

0.00

None

0.00

ZILLOW GROUP INC

SOLE

NOTE 0.750% 9/0

Shares114.88M

TypePRN

Market value$125.09M

2.72%

Sole

114.88M

Shared

0.00

None

0.00

ISHARES BITCOIN TR

SOLE

SHS

Shares2.76M

TypeSH

Market value$94.15M

2.05%

Sole

2.76M

Shared

0.00

None

0.00

PEABODY ENGR CORP

SOLE

NOTE 3.250% 3/0

Shares65.51M

TypePRN

Market value$86.55M

1.88%

Sole

65.51M

Shared

0.00

None

0.00

TILRAY BRANDS INC

SOLE

NOTE 5.200% 6/1

Shares89.50M

TypePRN

Market value$86.18M

1.87%

Sole

89.50M

Shared

0.00

None

0.00

BRIDGEBIO PHARMA INC

SOLE

NOTE 2.500% 3/1

Shares73.24M

TypePRN

Market value$73.86M

1.61%

Sole

73.24M

Shared

0.00

None

0.00

INSMED INC

SOLE

NOTE 0.750% 6/0

Shares33.21M

TypePRN

Market value$70.24M

1.53%

Sole

33.21M

Shared

0.00

None

0.00

NOVAVAX INC

SOLE

NOTE 5.000%12/1

Shares56.28M

TypePRN

Market value$70.09M

1.52%

Sole

56.28M

Shared

0.00

None

0.00

COINBASE GLOBAL INC

SOLE

NOTE 0.500% 6/0

Shares60M

TypePRN

Market value$61.83M

1.34%

Sole

60M

Shared

0.00

None

0.00

TRANSOCEAN INC

SOLE

DEB 4.000%12/1

Shares46.58M

TypePRN

Market value$59.61M

1.30%

Sole

46.58M

Shared

0.00

None

0.00

BLOOM ENERGY CORP

SOLE

NOTE 2.500% 8/1

Shares47.88M

TypePRN

Market value$51.42M

1.12%

Sole

47.88M

Shared

0.00

None

0.00

PENN ENTERTAINMENT INC

SOLE

NOTE 2.750% 5/1

Shares37.18M

TypePRN

Market value$40.90M

0.89%

Sole

37.18M

Shared

0.00

None

0.00

GREEN PLAINS INC

SOLE

NOTE 2.250% 3/1

Shares43.76M

TypePRN

Market value$38.80M

0.84%

Sole

43.76M

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

SBI CONS DISCR

Shares200K

TypeSH

Market value$36.48M

0.79%

Sole

200K

Shared

0.00

None

0.00

SPIRIT AIRLS INC

SOLE

COM

Shares8.52M

TypeSH

Market value$31.19M

0.68%

Sole

8.52M

Shared

0.00

None

0.00

MANNKIND CORP

SOLE

NOTE 2.500% 3/0

Shares21.90M

TypePRN

Market value$26.52M

0.58%

Sole

21.90M

Shared

0.00

None

0.00

ENTERPRISE PRODS PARTNERS L

SOLE

COM

Shares900K

TypeSH

Market value$26.08M

0.57%

Sole

900K

Shared

0.00

None

0.00

VIRGIN GALACTIC HOLDINGS INC

SOLE

COM NEW

Shares3.09M

TypeSH

Market value$26.08M

0.57%

Sole

3.09M

Shared

0.00

None

0.00

PLUG PWR INC

SOLE

NOTE 3.750% 6/0

Shares25.91M

TypePRN

Market value$24.44M

0.53%

Sole

25.91M

Shared

0.00

None

0.00

BLACKSTONE MORTGAGE TRUST IN

SOLE

NOTE 5.500% 3/1

Shares26.39M

TypePRN

Market value$23.92M

0.52%

Sole

26.39M

Shared

0.00

None

0.00

REVANCE THERAPEUTICS INC

SOLE

NOTE 1.750% 2/1

Shares36.43M

TypePRN

Market value$23.86M

0.52%

Sole

36.43M

Shared

0.00

None

0.00

GROUPON INC

SOLE

NOTE 1.125% 3/1

Shares21M

TypePRN

Market value$17.88M

0.39%

Sole

21M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
MICROSTRATEGY INCSOLE	CL A NEW	622.50K	SH	$857.49M 18.65%	622.50K
ISHARES TRSOLE	RUSSELL 2000 ETF	3.11M	SH	$630.07M 13.70%	3.11M
PERMIAN RESOURCES CORPSOLE	NOTE 3.250% 4/0	70.18M	PRN	$193.90M 4.22%	70.18M
MICROSTRATEGY INCSOLE	NOTE 2/1	139.50M	PRN	$167.57M 3.64%	139.50M
ZILLOW GROUP INCSOLE	NOTE 0.750% 9/0	114.88M	PRN	$125.09M 2.72%	114.88M
ISHARES BITCOIN TRSOLE	SHS	2.76M	SH	$94.15M 2.05%	2.76M
PEABODY ENGR CORPSOLE	NOTE 3.250% 3/0	65.51M	PRN	$86.55M 1.88%	65.51M
TILRAY BRANDS INCSOLE	NOTE 5.200% 6/1	89.50M	PRN	$86.18M 1.87%	89.50M
BRIDGEBIO PHARMA INCSOLE	NOTE 2.500% 3/1	73.24M	PRN	$73.86M 1.61%	73.24M
INSMED INCSOLE	NOTE 0.750% 6/0	33.21M	PRN	$70.24M 1.53%	33.21M
NOVAVAX INCSOLE	NOTE 5.000%12/1	56.28M	PRN	$70.09M 1.52%	56.28M
COINBASE GLOBAL INCSOLE	NOTE 0.500% 6/0	60M	PRN	$61.83M 1.34%	60M
TRANSOCEAN INCSOLE	DEB 4.000%12/1	46.58M	PRN	$59.61M 1.30%	46.58M
BLOOM ENERGY CORPSOLE	NOTE 2.500% 8/1	47.88M	PRN	$51.42M 1.12%	47.88M
PENN ENTERTAINMENT INCSOLE	NOTE 2.750% 5/1	37.18M	PRN	$40.90M 0.89%	37.18M
GREEN PLAINS INCSOLE	NOTE 2.250% 3/1	43.76M	PRN	$38.80M 0.84%	43.76M
SELECT SECTOR SPDR TRSOLE	SBI CONS DISCR	200K	SH	$36.48M 0.79%	200K
SPIRIT AIRLS INCSOLE	COM	8.52M	SH	$31.19M 0.68%	8.52M
MANNKIND CORPSOLE	NOTE 2.500% 3/0	21.90M	PRN	$26.52M 0.58%	21.90M
ENTERPRISE PRODS PARTNERS LSOLE	COM	900K	SH	$26.08M 0.57%	900K
VIRGIN GALACTIC HOLDINGS INCSOLE	COM NEW	3.09M	SH	$26.08M 0.57%	3.09M
PLUG PWR INCSOLE	NOTE 3.750% 6/0	25.91M	PRN	$24.44M 0.53%	25.91M
BLACKSTONE MORTGAGE TRUST INSOLE	NOTE 5.500% 3/1	26.39M	PRN	$23.92M 0.52%	26.39M
REVANCE THERAPEUTICS INCSOLE	NOTE 1.750% 2/1	36.43M	PRN	$23.86M 0.52%	36.43M
GROUPON INCSOLE	NOTE 1.125% 3/1	21M	PRN	$17.88M 0.39%	21M

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