Graham Capital Wealth Management, LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Graham Capital Wealth Management, LLC reported 39 stock positions worth $55.3 million . Its top holding was iShares Gold Trust (IAU) at 24.9% of the portfolio, followed by Cheniere Energy (LNG, 8.2% ) and Equity Commonwealth (EQC, 7.4% ). Compared with Q4 2023, it opened 9 new positions, sold out of 7, added to 9 and reduced 13. The biggest buy was Equity Commonwealth (EQC, shares +2046% ) and the biggest sale iShares Gold Trust (IAU, shares −2% ).
Location WASHINGTON, DC
CIK 0001907528
Portfolio Value $55.3M (Q1 2024) Holdings 39 stocks · $55.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 IAU iShares Gold Trust 327,585 $13.8M Reduce -1.7% LNG Cheniere Energy Inc. 28,010 $4.5M Add +97.0% EQC Equity Commonwealth 217,499 $4.1M Add +2045.6% USMV iShares MSCI USA Min Vol Fac 37,083 $3.1M New HCC Warrior Met Coal Inc. 45,573 $2.8M Add +56.7% FNV Franco-Nevada Corp. 21,097 $2.5M New DG Dollar General Corp. 15,891 $2.5M Reduce -0.2% EOG EOG Resources Inc. 18,566 $2.4M Add +18.6% D Dominion Energy Inc. 45,658 $2.2M Add +3.0% CTRA Coterra Energy Inc. 77,040 $2.1M New KNTK Kinetik Holdings Inc. 52,957 $2.1M Reduce -3.1% GOOGL Alphabet Inc. Class A 11,021 $1.7M Reduce -0.6% VET Vermilion Energy Inc. 124,049 $1.5M Add +0.0% MSFT Microsoft Corp. 2,552 $1.1M Reduce -0.7% AVHI Achari Ventures Holdings Cor 92,976 $1.0M Reduce -2.3% CLST Catalyst Bancorp Inc. 60,419 $716K New BNIX Bannix Acquisition Corp. 64,536 $699K Reduce -1.2% BAFN Bayfirst Financial Corp. 45,404 $588K New AAPL Apple Inc. 2,853 $489K Add +1.2% HD Home Depot Inc. 1,272 $488K No change NEE Nextera Energy Inc. 7,195 $460K Reduce -1.1% CI The Cigna Group 1,184 $430K No change BKNG Booking Holdings Inc. 108 $392K No change PEP Pepsico Inc. 1,987 $348K Add +4.8% WRB WR Berkley Corp. filed as BERKLEY W R CORP 3,785 $335K Reduce -19.2% JPM JPMorgan Chase & Co. 1,650 $330K No change SYK Stryker Corp. 920 $329K Reduce -1.1% SG Sweetgreen Inc. Class A 12,285 $310K No change JVSAU Jvspac Acquisition Corp. 25,000 $257K New AMZN Amazon.com Inc. 1,412 $255K Reduce -2.7% SFBC Sound Financial Bancorp Inc. 6,251 $254K Reduce -2.4% PG The Procter & Gamble Co. 1,398 $227K No change VOO Vanguard S&P 500 ETF 455 $219K New PM Philip Morris International 2,361 $216K New GMFI Aetherium Acquisition Corp. Class A 17,325 $191K Reduce -7.8% TCBC TC Bancshares Inc. 11,481 $158K New PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) 110,000 $109K Add +10.0% OKTA INC (OKTA 0.125 09/01/25) 98,000 $94K No change NUVASIVE INC (GMED 0.375 03/15/25) 14,000 $13K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.5M (not counted above) Lines left out (1) · $753K — a value with no share or principal amount Security Class Shares Value CFBK CF Bankshares Inc. COM 0 $753K
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $58.6M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ IAU iShares Gold Trust Reduce -1.7% 24.86% −9.39 CURR Currenc Group Inc. Sold out 0.00% −1.34 DG Dollar General Corp. Reduce -0.2% 4.48% −1.23 KRNL Kernel Group Holdings Inc. Class A Sold out 0.00% −1.17 GOOGL Alphabet Inc. Class A Reduce -0.6% 3.01% −1.08 KNTK Kinetik Holdings Inc. Reduce -3.1% 3.81% −1.00 GLOBAL PARTNER ACQISTN CORP Sold out 0.00% −0.91 AVHI Achari Ventures Holdings Cor Reduce -2.3% 1.85% −0.88 EAC Edify Acquisition Corp. Class A Sold out 0.00% −0.85 ADOC Edoc Acquisition Corp. Class A Sold out 0.00% −0.73 MSFT Microsoft Corp. Reduce -0.7% 1.94% −0.61 BNIX Bannix Acquisition Corp. Reduce -1.2% 1.26% −0.58 ARIZ Arisz Acquisition Corp. Sold out 0.00% −0.50 LIBY Liberty Resources Acqui Class A Sold out 0.00% −0.38 NEE Nextera Energy Inc. Reduce -1.1% 0.83% −0.33 WRB WR Berkley Corp. Reduce -19.2% 0.60% −0.27 SFBC Sound Financial Bancorp Inc. Reduce -2.4% 0.46% −0.20 GMFI Aetherium Acquisition Corp. Class A Reduce -7.8% 0.34% −0.19 SYK Stryker Corp. Reduce -1.1% 0.59% −0.13 AMZN Amazon.com Inc. Reduce -2.7% 0.46% −0.12
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ EQC Equity Commonwealth Add +2045.6% 7.42% +6.91 USMV iShares MSCI USA Min Vol Fac New 5.62% +5.62 FNV Franco-Nevada Corp. New 4.55% +4.55 CTRA Coterra Energy Inc. New 3.88% +3.88 LNG Cheniere Energy Inc. Add +97.0% 8.16% +1.76 CLST Catalyst Bancorp Inc. New 1.29% +1.29 BAFN Bayfirst Financial Corp. New 1.06% +1.06 JVSAU Jvspac Acquisition Corp. New 0.46% +0.46 VOO Vanguard S&P 500 ETF New 0.40% +0.40 PM Philip Morris International New 0.39% +0.39 HCC Warrior Met Coal Inc. Add +56.7% 5.00% +0.32 TCBC TC Bancshares Inc. New 0.29% +0.29 PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) Add +10.0% 0.20% −0.07 PEP Pepsico Inc. Add +4.8% 0.63% −0.22 AAPL Apple Inc. Add +1.2% 0.88% −0.55 EOG EOG Resources Inc. Add +18.6% 4.29% −0.70 VET Vermilion Energy Inc. Add +0.0% 2.79% −1.16 D Dominion Energy Inc. Add +3.0% 4.06% −1.44
Notes & Other Activity Q4 2023 → Q1 2024 Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 61 $129.3M AEXA, RSPT, EFSI, CEPF, RSPC Q1 2026 54 $112.6M AEXA, RSPT, RSPC, CMBT, EFSI Q4 2025 59 $108.2M RSPT, RSP, EFSI, LNG, BRBS Q3 2025 70 $97.5M RSPT, LNG, EFSI, BRBS, PEG Q2 2025 65 $89.2M LNG, ALDFU, EFSI, PEG, CFBK Q1 2025 63 $92.7M LNG, ALDFU, CI, CFBK, EOG Q4 2024 72 $115.4M LNG, IAU, ALDFU, SILA, CFBK Q3 2024 57 $94.5M IAU, USMV, LNG, SILA, EQC Q2 2024 Amended 46 $70.9M IAU, USMV, LNG, EQC, MAA Q1 2024 Amended 39 $55.3M IAU, LNG, EQC, USMV, HCC