Graham Capital Management, L.p.

CIK Number: 0001315421

6.62B

Market Value

1,178

# of Holdings

4 months

Avg. Holding Period

Win Rate

Peformance 3-Years

Main Sectors:

Top Industries:

Filing Date: May 15, 2025

Rank	Symbol	Name	Price	% Change	Shares	% Change Shares	Market Value	Avg. Price Paid	% Weight	Asset Type
1	MSTR	MicroStrategy I...	309.06	+2.78%	4.62M	-40.2%	1.33B	96.52	23.29%	Put
2	IWM	iShares Russell...	241.36	+0.87%	2.65M	-19.58%	528.03M	198.48	9.24%	Put
3	HYG	iShares iBoxx $...	81.06	+0.17%	3.32M	+100.00%	262.14M	78.89	4.59%	Put
4	IBIT	iShares Bitcoin...	61.94	-0.26%	2.3M	+12.19%	107.68M	52.37	1.88%	Put
5	COIN	Coinbase Global...	312.59	+1.92%	75.5M	0.00%	73.99M	1.08	1.29%	Share
6	TLT	iShares 20+ Yea...	88.90	-0.09%	774.1K	+100.00%	70.47M	91.03	1.23%	Put
7	PENN	PENN Entertainm...	19.80	+1.33%	62.18M	0.00%	63.87M	1.09	1.12%	Share
8	BBIO	BridgeBio Pharm...	50.05	+2.14%	55.74M	0.00%	63.65M	1.02	1.11%	Share
9	NVAX	Novavax, Inc.	8.55	+2.52%	67.83M	0.00%	63.21M	1.02	1.11%	Share
10	TLRY	Tilray Brands, ...	1.15	-3.36%	64.5M	-27.12%	60.68M	1.13	1.06%	Share
11	RIVN	Rivian Automoti...	15.59	-0.95%	69.79M	0.00%	60.64M	0.89501	1.06%	Share
12	BITO	ProShares Bitco...	18.76	-0.23%	2.5M	-0.00%	45.8M	22.78	0.80%	Put
13	GRPN	Groupon, Inc.	22.74	+0.80%	35.5M	+69.05%	37.33M	0.99806	0.65%	Share
14	PCTTW	PureCycle Techn...	3.55	-2.2%	40.52M	+9.31%	33.54M	0.92583	0.59%	Share
15	GPRE	Green Plains In...	9.21	+0.22%	37.8M	-26.96%	31.66M	1.07	0.55%	Share
16	MARA	Marathon Digita...	16.13	+0.37%	2.73M	0.00%	31.41M	16.33	0.55%	Put
17	GDX	VanEck Gold Min...	74.68	+2.12%	663.7K	+194.98%	30.51M	43.89	0.53%	Call
18	SPY	SPDR S&P 500 ET...	661.75	+0.56%	50.8K	+100.00%	28.42M	559.39	0.50%	Call
19	XLU	Utilities Selec...	86.80	+1.62%	355K	+379.73%	27.99M	79.14	0.49%	Share
20	CLMT	Calumet, Inc.	18.75	-0.35%	2M	+100.00%	25.35M	12.68	0.44%	Put

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