§ 13F · FUND PROFILE
Graham Capital Management, L.P..
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · — (13F)Positions · 1189Turnover · — · Q4Filed · Feb 17, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$4178.8T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | MSTR | STRATEGY INC | 4.16M | $632.2T | 15.1% | NEW |
| 2 | APLD 2.75 06/01/30 | APPLIED DIGITAL CORP | 63.74M | $171.7T | 4.1% | NEW |
| 3 | QQQ | INVESCO QQQ TR | 190K | $116.7T | 2.8% | NEW |
| 4 | IBIT | ISHARES BITCOIN TRUST ETF | 2.16M | $107.3T | 2.6% | NEW |
| 5 | FBTC | FIDELITY WISE ORIGIN BITCOIN | 1.17M | $88.9T | 2.1% | NEW |
| 6 | IBIT | ISHARES BITCOIN TRUST ETF | 1.55M | $76.9T | 1.8% | NEW |
| 7 | RUN 4 03/01/30 | SUNRUN INC | 52.94M | $74.9T | 1.8% | NEW |
| 8 | PCT 7.25 08/15/30 | PURECYCLE TECHNOLOGIES INC | 68.17M | $68.9T | 1.6% | NEW |
| 9 | RIVN 3.625 10/15/30 | RIVIAN AUTOMOTIVE INC | 59.79M | $67.1T | 1.6% | NEW |
| 10 | GPRE 5.25 11/01/30 UNRS | GREEN PLAINS INC | 58.31M | $61.4T | 1.5% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE GRAHAM SIGNAL
AC read
Graham Capital Management, L.P. is classified as a Other fund.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed