13F-HR filed by Graham Capital Management, L.P.
Graham Capital Management, L.P. filed this 13F-HR for the quarter ended 2025-12-31, filed 2026-02-17, with 1,189 holding rows worth $4,178,760,475.
- Accession
- 0001140361-26-005576
- Filer
- CIK 1315421
- Filed
- 2026-02-17
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q4 2025
A holdings report, 1,189 entries on the cover page, a total value of $4,178,760,475 stated on the cover page (in dollars after the unit check, H1), rows summing to $4,178,760,475 with VALUE read as dollars as filed, 13F file number 028-11610. The quarter's positions are built on this report. The resolved quarter.
The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).
| Issuer as filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| BICARA THERAPEUTICS INC | 055477103 | COM | 13,116 | $220,742 | dollars as filed | |
| STRATEGY INC CL A NEW | 594972408 | Stock | 1,452 | $220,631 | dollars as filed | |
| PERSPECTIVE THERAPEUTICS INC | 46489V302 | COMMON STOCK | 80,193 | $220,531 | dollars as filed | |
| TERRENO RLTY CORP | 88146M101 | COM | 3,751 | $220,221 | dollars as filed | |
| MFA FINL INC COM | 55272X607 | REIT | 23,642 | $220,107 | dollars as filed | |
| IHS HOLDING LIMITED | G4701H109 | ORD SHS | 29,392 | $219,264 | dollars as filed | |
| ARHAUS INC | 04035M102 | COMMON STOCK | 19,547 | $219,122 | dollars as filed | |
| JOBY AVIATION INC | g65163100 | COMMON STOCK | 16,576 | $218,803 | dollars as filed | |
| HARMONY GOLD MINING CO LTD SPONSORED ADR | 413216300 | ADR | 10,895 | $216,811 | dollars as filed | |
| ONESTREAM INC | 68278B107 | CL A | 11,785 | $216,608 | dollars as filed | |
| DOUGLAS DYNAMICS INC | 25960R105 | COM | 6,624 | $216,274 | dollars as filed | |
| APPIAN CORP | 03782L101 | CL A | 6,105 | $216,239 | dollars as filed | |
| NLIGHT INC | 65487K100 | COM | 5,762 | $216,133 | dollars as filed | |
| UNIQURE NV | N90064101 | SHS | 9,013 | $215,681 | dollars as filed | |
| FIRSTENERGY CORP | 337932107 | COM | 4,780 | $214,001 | dollars as filed | |
| PHATHOM PHARMACEUTICALS INC | 71722W107 | COMMON STOCK | 12,867 | $213,464 | dollars as filed | |
| TAIWAN SEMICONDUCTOR MFG | 874039100 | SPONSORED ADS | 702 | $213,331 | dollars as filed | |
| COVISTA INC | 00737L103 | COM | 2,060 | $213,148 | dollars as filed | |
| PENGUIN SOLUTIONS INC COM | 706915105 | Stock | 10,883 | $212,871 | dollars as filed | |
| EVERTEC INC | 30040P103 | COM | 7,310 | $212,648 | dollars as filed | |
| OPORTUN FINANCIAL CORP | 68376D104 | COMMON STOCK | 40,171 | $212,505 | dollars as filed | |
| ACHIEVE LIFE SCIENCES INC | 004468500 | COMMON STOCK | 42,723 | $212,333 | dollars as filed | |
| PYXIS ONCOLOGY INC COMMON STOCK | 747324101 | Stock | 183,942 | $211,533 | dollars as filed | |
| MERCER INTL INC | 588056101 | COM | 106,255 | $210,385 | dollars as filed | |
| BLACK DIAMOND THERAPEUTICS I | 09203E105 | COM | 86,556 | $210,331 | dollars as filed | |
| MARRIOTT VACATIONS WORLDWIDE C COM | 57164Y107 | Stock | 3,631 | $209,472 | dollars as filed | |
| OVID THERAPEUTICS INC | 690469101 | COMMON STOCK | 127,459 | $207,758 | dollars as filed | |
| AVIAT NETWORKS INC | 05366Y201 | COMMON STOCK | 9,664 | $206,616 | dollars as filed | |
| JAZZ PHARMACEUTICALS PLC SHS USD | G50871105 | Stock | 1,214 | $206,380 | dollars as filed | |
| IMMATICS N.V | N44445109 | SHS | 19,630 | $206,115 | dollars as filed | |
| HANOVER INS GROUP INC COM | 410867105 | Stock | 1,127 | $205,982 | dollars as filed | |
| COGNITION THERAPEUTICS INC | 19243B102 | COM | 151,870 | $205,025 | dollars as filed | |
| ADECOAGRO S A | L00849106 | COM | 25,770 | $204,356 | dollars as filed | |
| BANCO DE CHILE | 059520106 | SPONSORED ADS | 5,373 | $204,174 | dollars as filed | |
| VIANT TECHNOLOGY INC A | 92557A101 | COMMON STOCK | 16,921 | $203,729 | dollars as filed | |
| ALLOGENE THERAPEUTICS INC | 019770106 | COM | 148,671 | $203,679 | dollars as filed | |
| ST JOE CO | 790148100 | COM | 3,426 | $203,402 | dollars as filed | |
| VANDA PHARMACEUTICALS INC | 921659108 | COM | 23,060 | $203,389 | dollars as filed | |
| KKR REAL ESTATE FIN TR INC | 48251K100 | COM | 24,723 | $203,223 | dollars as filed | |
| ENOVA INTL INC | 29357K103 | COM | 1,288 | $202,474 | dollars as filed | |
| DOUGLAS EMMETT INC | 25960P109 | COM | 18,396 | $202,172 | dollars as filed | |
| IDEAYA BIOSCIENCES INC COM | 45166A102 | Stock | 5,841 | $201,923 | dollars as filed | |
| OCULAR THERAPEUTIX INC | 67576A100 | COM | 16,504 | $200,359 | dollars as filed | |
| HARMONY BIOSCIENCES HLDGS IN | 413197104 | COM | 5,345 | $200,010 | dollars as filed | |
| NERDWALLET INC CL A | 64082B102 | COMMON STOCK | 14,534 | $196,936 | dollars as filed | |
| VAREX IMAGING CORP | 92214X106 | COMMON STOCK | 16,880 | $196,652 | dollars as filed | |
| ORCHID IS CAP INC | 68571X301 | COM NEW | 27,251 | $196,207 | dollars as filed | |
| RELAY THERAPEUTICS INC COM | 75943R102 | Stock | 23,126 | $195,646 | dollars as filed | |
| FUNKO INC CLASS A | 361008105 | COMMON STOCK | 57,531 | $195,605 | dollars as filed | |
| C4 THERAPEUTICS INC | 12529R107 | COM STK | 102,198 | $195,198 | dollars as filed | |
| CONTINEUM THERAPEUTICS INC CL A | 21217B100 | Stock | 17,074 | $195,156 | dollars as filed | |
| DREAM FINDERS HOMES INC COM CL A | 26154D100 | Stock | 11,390 | $194,769 | dollars as filed | |
| CHEGG INC | 163092109 | COM | 208,863 | $194,243 | dollars as filed | |
| BANC OF CALIFORNIA INC | 05990K106 | COMMON STOCK | 10,046 | $193,787 | dollars as filed | |
| THERAVANCE BIOPHARMA INC | G8807B106 | COM | 10,296 | $192,638 | dollars as filed | |
| FATE THERAPEUTICS INC | 31189P102 | COM | 195,579 | $192,176 | dollars as filed | |
| GLADSTONE LAND CORP | 376549101 | REIT | 20,982 | $191,985 | dollars as filed | |
| BURFORD CAPITAL LIMITED | G17977110 | ORD SHS | 21,400 | $190,888 | dollars as filed | |
| PRIORITY TECHNOLOGY HOLDINGS | 74275G107 | COMMON STOCK | 34,866 | $190,020 | dollars as filed | |
| TASKUS INC | 87652V109 | CLASS A COM | 16,090 | $189,701 | dollars as filed | |
| OUTSET MED INC | 690145206 | COM NEW | 51,070 | $189,470 | dollars as filed | |
| LANTRONIX INC | 516548203 | COMMON STOCK | 32,278 | $189,149 | dollars as filed | |
| COMMERCE.COM INC | 08975P108 | COM SER 1 | 45,120 | $185,894 | dollars as filed | |
| ORLA MNG LTD NEW | 68634K106 | COM | 13,752 | $185,239 | dollars as filed | |
| MYRIAD GENETICS INC | 62855J104 | COM | 30,097 | $185,097 | dollars as filed | |
| VERASTEM INC | 92337C203 | COMMON STOCK | 23,438 | $180,941 | dollars as filed | |
| ARES COML REAL ESTATE CORP | 04013V108 | COM | 37,660 | $180,015 | dollars as filed | |
| DIAMONDROCK HOSPITALITY CO | 252784301 | COM | 20,091 | $180,015 | dollars as filed | |
| ALLOT LTD | M0854Q105 | SHS | 18,157 | $178,483 | dollars as filed | |
| A10 NETWORKS INC | 002121101 | COM | 10,054 | $177,855 | dollars as filed | |
| SHENANDOAH TELECOMMUNICATION | 82312B106 | COMMON STOCK | 15,317 | $177,065 | dollars as filed | |
| FLYWIRE CORPORATION | 302492103 | COM VTG | 12,442 | $176,179 | dollars as filed | |
| VERMILION ENERGY INC COM | 923725105 | Stock | 21,034 | $175,424 | dollars as filed | |
| PUBMATIC INC CLASS A | 74467Q103 | COMMON STOCK | 19,751 | $175,191 | dollars as filed | |
| TITAN MACHY INC | 88830R101 | COM | 11,640 | $175,066 | dollars as filed | |
| REKOR SYSTEMS INC | 759419104 | COM | 124,142 | $171,316 | dollars as filed | |
| CARIBOU BIOSCIENCES INC COM | 142038108 | Stock | 107,253 | $170,532 | dollars as filed | |
| SWEETGREEN INC | 87043Q108 | COM CL A | 25,144 | $169,973 | dollars as filed | |
| VERIS RESIDENTIAL INC | 554489104 | COM | 11,292 | $168,025 | dollars as filed | |
| VENTURE GLOBAL INC | 92333F101 | COM CL A | 24,618 | $167,895 | dollars as filed | |
| BUMBLE INC | 12047B105 | COM CL A | 46,735 | $166,844 | dollars as filed | |
| DIVERSIFIED HEALTHCARE TR | 25525P107 | COM SH BEN INT | 34,347 | $166,583 | dollars as filed | |
| EVENTBRITE INC | 029975E11 | COM CL A | 37,301 | $165,989 | dollars as filed | |
| TRINITY CAP INC | 896442308 | COM | 11,234 | $164,578 | dollars as filed | |
| ALECTOR INC | 014442107 | COMMON STOCK | 104,851 | $163,568 | dollars as filed | |
| ENERGY FUELS INC | 292671708 | COM NEW | 11,080 | $161,103 | dollars as filed | |
| LARIMAR THERAPEUTICS INC | 517125100 | COM | 42,255 | $160,992 | dollars as filed | |
| ARDMORE SHIPPING CORP | Y0207T100 | COM | 15,038 | $159,252 | dollars as filed | |
| CLEAN ENERGY FUELS CORP | 184499101 | COMMON STOCK | 75,732 | $159,037 | dollars as filed | |
| FUBOTV INC | 35953D104 | COM | 63,099 | $159,009 | dollars as filed | |
| FORRESTER RESH INC | 346563109 | COM | 19,522 | $158,519 | dollars as filed | |
| AMTECH SYSTEMS INC | 032332504 | COMMON STOCK | 12,608 | $158,230 | dollars as filed | |
| TELEFONICA BRASIL SA | 87936R205 | SPONSORED ADS | 13,048 | $154,749 | dollars as filed | |
| SELECT MED HLDGS CORP | 81619Q105 | COM | 10,390 | $154,292 | dollars as filed | |
| PRIMIS FINANCIAL CORP | 74167B109 | COMMON STOCK | 11,084 | $154,178 | dollars as filed | |
| CLAROS MORTGAGE TRUST INC | 18270D106 | REIT | 50,202 | $153,618 | dollars as filed | |
| FRONTIER GROUP HLDGS INC COM | 35909R108 | Stock | 32,313 | $152,194 | dollars as filed | |
| AMERICAN BATTERY TECHNOLOGY | 02451V309 | COM NEW | 45,337 | $151,426 | dollars as filed | |
| CERTARA INC COM | 15687V109 | Stock | 17,163 | $151,206 | dollars as filed | |
| OPKO HEALTH INC | 68375N103 | COM | 119,654 | $150,764 | dollars as filed | |
| SILVERCORP METALS INC COMP | 82835P103 | EQUITY | 18,052 | $150,554 | dollars as filed | |
| MANNKIND CORP COM NEW | 56400P706 | Stock | 26,548 | $150,527 | dollars as filed | |
| POET TECHNOLOGIES INC | 73044W302 | COM NEW | 23,634 | $149,603 | dollars as filed | |
| CORVUS PHARMACEUTICALS INC | 221015100 | COM | 19,274 | $148,410 | dollars as filed | |
| ALTO INGREDIENTS INC | 021513106 | COMMON STOCK | 50,714 | $146,056 | dollars as filed | |
| ARVINAS INC | 04335A105 | COM | 12,143 | $144,016 | dollars as filed | |
| W & T OFFSHORE INC | 92922P106 | COM | 87,530 | $142,674 | dollars as filed | |
| PERMIAN RESOURCES CORP CLASS A COM | 71424F105 | Stock | 10,132 | $142,152 | dollars as filed | |
| GOGO INC | 38046C109 | COM | 30,477 | $142,023 | dollars as filed | |
| AUDIOCODES LTD | M15342104 | ORD | 16,137 | $140,876 | dollars as filed | |
| REPLIMUNE GROUP INC | 76029N106 | COMMON STOCK | 14,357 | $139,550 | dollars as filed | |
| VALENS SEMICONDUCTOR LTD | M9607U115 | ORDINARY SHARES | 98,084 | $139,279 | dollars as filed | |
| GEOPARK LTD USD SHS | G38327105 | Stock | 18,739 | $138,856 | dollars as filed | |
| INNOVIZ TECHNOLOGIES LTD | M5R635108 | SHS | 162,548 | $138,670 | dollars as filed | |
| DIGITAL TURBINE INC | 25400W102 | COM NEW | 27,659 | $138,295 | dollars as filed | |
| NET POWER INC | 64107A105 | COMMON STOCK | 59,786 | $136,312 | dollars as filed | |
| SANGAMO THERAPEUTICS INC | 800677106 | COM | 321,837 | $135,172 | dollars as filed | |
| DIGIMARC CORP NEW COM | 25381B101 | COM | 20,486 | $134,388 | dollars as filed | |
| PAYSIGN INC | 70451A104 | COM | 25,711 | $132,412 | dollars as filed | |
| LITHIUM AMERS CORP NEW COM SHS | 53681J103 | Stock | 29,890 | $130,320 | dollars as filed | |
| NCR VOYIX CORPORATION | 062886E11 | COM | 12,591 | $128,428 | dollars as filed | |
| TENAYA THERAPEUTICS INC | 87990A106 | COM | 178,764 | $127,191 | dollars as filed | |
| LEXICON PHARMACEUTICALS INC | 528872302 | COMMON STOCK | 109,900 | $126,385 | dollars as filed | |
| Atossa Therapeutics Inc | 04962H506 | Common Stock | 211,369 | $124,708 | dollars as filed | |
| RELMADA THERAPEUTICS INC | 75955J402 | COMMON STOCK | 25,608 | $123,687 | dollars as filed | |
| CVRX INC | 126638105 | COMMON STOCK | 17,307 | $122,880 | dollars as filed | |
| ZENTALIS PHARMACEUTICALS INC | 98943L107 | COMMON STOCK | 90,910 | $122,729 | dollars as filed | |
| GRABHLDGSLTDFCLASSCLASSA | G4124C109 | STOK | 24,234 | $120,928 | dollars as filed | |
| GOSSAMER BIO INC COM | 38341P102 | Stock | 36,467 | $113,048 | dollars as filed | |
| LIFECOREBIOMEDICALINC | 514766104 | STOK | 13,580 | $111,084 | dollars as filed | |
| GOODYEAR TIRE & RUBBER CO | 382550101 | COM | 12,572 | $110,131 | dollars as filed | |
| 908 DEVICES INC COM | 65443P102 | Stock | 20,787 | $109,132 | dollars as filed | |
| THRYV HLDGS INC | 886029206 | COM NEW | 18,023 | $109,039 | dollars as filed | |
| PORTILLOS INC | 73642K106 | COM CL A | 23,683 | $107,521 | dollars as filed | |
| CAPITOL FED FINL INC COM | 14057J101 | Stock | 15,719 | $107,046 | dollars as filed | |
| ELEDON PHARMACEUTICALS INC | 28617k101 | COM | 70,260 | $106,093 | dollars as filed | |
| HAIN CELESTIAL GROUP INC | 405217100 | COM | 97,357 | $104,172 | dollars as filed | |
| ACCO BRANDS CORP COM | 00081T108 | Stock | 27,029 | $100,818 | dollars as filed | |
| AGENUS INC | 00847G804 | COM NEW | 31,706 | $99,557 | dollars as filed | |
| EVOLUTION PETROLEUM CORP | 30049A107 | COMMON STOCK | 27,890 | $98,731 | dollars as filed | |
| OLAPLEX HLDGS INC | 679369108 | COM | 73,218 | $98,112 | dollars as filed | |
| INFUSYSTEM HOLDINGS INC | 45685K102 | COMMON STOCK | 10,604 | $95,118 | dollars as filed | |
| PLAYTIKA HOLDING CORP | 72815L107 | COMMON STOCK | 23,286 | $91,980 | dollars as filed | |
| RESOURCES CONNECTION INC | 76122Q105 | COM | 18,212 | $91,788 | dollars as filed | |
| UNITED MICROELECTRONICS CORP SPON ADR NEW | 910873405 | ADR | 11,213 | $88,134 | dollars as filed | |
| MAXCYTE INC | 57777K106 | COM | 55,736 | $86,391 | dollars as filed | |
| SKINHEALTH SYSTEMS INC | 88331L108 | COM CL A | 62,089 | $86,304 | dollars as filed | |
| PANGAEA LOGISTICS SOLUTIONS | G6891L105 | COMMON STOCK | 12,419 | $85,443 | dollars as filed | |
| REZOLVE AI PLC ORD SHS | G75398100 | Stock | 33,183 | $85,280 | dollars as filed | |
| HELIX ENERGY SOLUTIONS GRP INC COM | 42330P107 | Stock | 13,562 | $85,034 | dollars as filed | |
| OPENDOOR TECHNOLOGIES INC WT EXP 112026 K | 683712129 | Stock | 92,869 | $83,582 | dollars as filed | |
| IMMUNITYBIO INC | 45256X103 | COM | 42,133 | $83,423 | dollars as filed | |
| CROSS CTRY HEALTHCARE INC | 227483104 | COM | 10,239 | $82,936 | dollars as filed | |
| ANIXA BIOSCIENCES INC | 03528H109 | COM | 26,082 | $81,376 | dollars as filed | |
| ADVANTAGE SOLUTIONS INC. | 00791N102 | COM CL A | 88,862 | $78,199 | dollars as filed | |
| COMPASS DIVERSIFIED HOLDINGS | 20451Q104 | COMMON STOCK | 16,290 | $78,192 | dollars as filed | |
| FUTUREFUEL CORP | 36116M106 | COMMON STOCK | 23,893 | $76,219 | dollars as filed | |
| EPSILON ENERGY LTD | 294375209 | COMMON STOCK | 16,385 | $76,026 | dollars as filed | |
| RAYONIER ADVANCED MATLS INC | 75508B104 | COM | 12,905 | $76,010 | dollars as filed | |
| DOCGO INC | 256086109 | COM | 85,435 | $74,995 | dollars as filed | |
| SELECTQUOTE INC | 816307300 | COM | 51,104 | $72,057 | dollars as filed | |
| GROUPON INC | 399473206 | COM NEW | 4,040 | $71,144 | dollars as filed | |
| KALTURA INC | 483467106 | COMMON STOCK | 41,859 | $68,649 | dollars as filed | |
| ULTRAPAR PARTICIPACOES SA | 90400P101 | SP ADR REP COM | 16,443 | $61,990 | dollars as filed | |
| SES AI CORPORATION | 78397Q109 | CL A COM | 34,365 | $61,857 | dollars as filed | |
| ORASURE TECHNOLOGIES INC | 68554V108 | COM | 25,339 | $61,320 | dollars as filed | |
| ZEVIA PBC | 98955K104 | CL A | 26,219 | $60,828 | dollars as filed | |
| NKARTA INC | 65487U108 | COMMON STOCK | 31,751 | $58,739 | dollars as filed | |
| AMERICAN VANGUARD CORP | 030371108 | COM | 15,261 | $58,297 | dollars as filed | |
| TECHTARGET INC | 87874R308 | COM NEW | 10,729 | $57,937 | dollars as filed | |
| Applied Therapeutics Inc | 03828A101 | Common Stock | 572,759 | $57,276 | dollars as filed | |
| D-MARKET ELECTR SVCS TRY 0.2 | 23292B104 | SPONSORED ADS | 21,995 | $54,548 | dollars as filed | |
| OPEN LENDING CORP | 68373J104 | COM | 32,324 | $50,102 | dollars as filed | |
| FULL HSE RESORTS INC | 359678109 | COM | 19,062 | $49,752 | dollars as filed | |
| MEREO BIOPHARMA GROUP PLC | 589492107 | CMN | 116,286 | $48,456 | dollars as filed | |
| OPENDOOR TECHNOLOGIES INC WT EXP 112026 A | 683712137 | Stock | 92,869 | $48,320 | dollars as filed | |
| ATEA PHARMACEUTICALS INC | 04683R106 | COMMON STOCK | 12,678 | $45,260 | dollars as filed | |
| AEMETIS INC | 00770K202 | COM NEW | 32,455 | $45,112 | dollars as filed | |
| GOLD ROYALTY CORP | 38071H106 | COMMON SHARES | 10,223 | $41,301 | dollars as filed | |
| NATIONAL CINEMEDIA INC | 635309206 | COMMON STOCK | 10,271 | $39,954 | dollars as filed | |
| AGILON HEALTH INC | 00857U107 | COM | 52,803 | $36,365 | dollars as filed | |
| OPENDOOR TECHNOLOGIES INC WT EXP 112026 Z | 683712145 | Stock | 79,421 | $31,721 | dollars as filed | |
| TREACE MED CONCEPTS INC | 89455T109 | COM | 11,007 | $26,967 | dollars as filed | |
| EXPENSIFY INC | 30219Q106 | COM CL A | 15,176 | $22,916 | dollars as filed | |
| ACCURAY INC DEL | 004397105 | COM | 23,748 | $19,583 | dollars as filed | |
| BRC INC A | 05601U105 | COMMON STOCK | 14,423 | $16,010 | dollars as filed | |
| QUANTUM SI INC | 74765K105 | COM CL A | 14,422 | $15,864 | dollars as filed | |
| GERON CORP | 374163103 | COM | 11,436 | $15,096 | dollars as filed | |
| WM TECHNOLOGY INC | 92971A109 | COM *D* | 12,814 | $10,573 | dollars as filed |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0001140361-26-005576 | this filing | 2026-02-17 | acceptance time not in the bulk data set |