Graham Capital Wealth Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 21, 2024), Graham Capital Wealth Management, LLC reported 46 stock positions worth $70.9 million. Its top holding was iShares Gold Trust (IAU) at 19.6% of the portfolio, followed by iShares MSCI USA Min Vol Fac (USMV, 8.6%) and Cheniere Energy (LNG, 7.2%). Compared with Q1 2024, it opened 11 new positions, sold out of 5, added to 14 and reduced 13. The biggest buy was a new position in Mid-America Apartment Comm (MAA) and the biggest sale iShares Gold Trust (IAU, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WASHINGTON, DC
- CIK
- 0001907528
- Portfolio Value
- $70.9M (Q2 2024)
- SEC Filing
- 0001951757-24-000914 ↗ filed Aug 21, 2024
Holdings Value
Holdings 46 stocks · $70.9M
| IAU iShares Gold Trust | 19.60% | 316,448 | $13.9M | Reduce -3.4% |
| USMV iShares MSCI USA Min Vol Fac | 8.60% | 72,630 | $6.1M | Add +95.9% |
| LNG Cheniere Energy Inc. | 7.24% | 29,390 | $5.1M | Add +4.9% |
| EQC Equity Commonwealth | 5.81% | 212,277 | $4.1M | Reduce -2.4% |
| MAA Mid-America Apartment Comm | 4.50% | 22,400 | $3.2M | New |
| HCC Warrior Met Coal Inc. | 4.11% | 46,474 | $2.9M | Add +2.0% |
| CFBK CF Bankshares Inc. | 3.91% | 147,860 | $2.8M | Add +0.0% |
| CPT Camden Property Trust | 3.58% | 23,288 | $2.5M | New |
| FNV Franco-Nevada Corp. | 3.54% | 21,183 | $2.5M | Add +0.4% |
| EOG EOG Resources Inc. | 3.39% | 19,109 | $2.4M | Add +2.9% |
| D Dominion Energy Inc. | 3.21% | 46,467 | $2.3M | Add +1.8% |
| ENB Enbridge Inc. | 3.00% | 59,785 | $2.1M | New |
| CTRA Coterra Energy Inc. | 2.93% | 78,017 | $2.1M | Add +1.3% |
| KNTK Kinetik Holdings Inc. | 2.92% | 49,894 | $2.1M | Reduce -5.8% |
| DG Dollar General Corp. | 2.89% | 15,513 | $2.1M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 2.80% | 10,891 | $2.0M | Reduce -1.2% |
| CLST Catalyst Bancorp Inc. | 2.62% | 160,331 | $1.9M | Add +165.4% |
| VET Vermilion Energy Inc. | 1.87% | 120,470 | $1.3M | Reduce -2.9% |
| MSFT Microsoft Corp. | 1.08% | 1,711 | $765K | Reduce -33.0% |
| OSBC Old Second Bancorp Inc. | 0.98% | 47,019 | $696K | New |
| BNIX Bannix Acquisition Corp. | 0.95% | 61,275 | $674K | Reduce -5.0% |
| AAPL Apple Inc. | 0.89% | 2,986 | $629K | Add +4.7% |
| BAFN Bayfirst Financial Corp. | 0.74% | 45,355 | $527K | Reduce -0.1% |
| CXH MFS Investment Grade Muni | 0.73% | 65,918 | $521K | New |
| NEE Nextera Energy Inc. | 0.73% | 7,287 | $516K | Add +1.3% |
| HD Home Depot Inc. | 0.62% | 1,272 | $438K | No change |
| BKNG Booking Holdings Inc. | 0.60% | 108 | $428K | No change |
| CI The Cigna Group | 0.55% | 1,184 | $391K | No change |
| JPM JPMorgan Chase & Co. | 0.47% | 1,650 | $334K | No change |
| PM Philip Morris International | 0.44% | 3,068 | $311K | Add +29.9% |
| PEP Pepsico Inc. | 0.44% | 1,881 | $310K | Reduce -5.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.42% | 3,785 | $297K | No change |
| XCMUX MFS High Yield Municipal TR | 0.40% | 83,168 | $285K | New |
| AMZN Amazon.com Inc. | 0.39% | 1,432 | $277K | Add +1.4% |
| SFBC Sound Financial Bancorp Inc. | 0.35% | 5,832 | $251K | Reduce -6.7% |
| BTI British American Tob-SP ADR | 0.34% | 7,758 | $240K | New |
| VOO Vanguard S&P 500 ETF | 0.33% | 455 | $237K | No change |
| PG The Procter & Gamble Co. | 0.32% | 1,381 | $228K | Reduce -1.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.29% | 1,850 | $204K | New |
| IUSG iShares Core S&P U.S. Growth | 0.28% | 1,583 | $202K | New |
| META Meta Platforms Inc. Class A | 0.28% | 398 | $201K | New |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | 0.25% | 181,000 | $180K | Add +64.5% |
| CULL Cullman Bancorp Inc. | 0.24% | 16,655 | $171K | New |
| TCBC TC Bancshares Inc. | 0.20% | 10,752 | $145K | Reduce -6.3% |
| OKTA INC (OKTA 0.125 09/01/25) | 0.13% | 98,000 | $92K | No change |
| NUVASIVE INC (GMED 0.375 03/15/25) | 0.02% | 14,000 | $13K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | 102,674 | $2.6M | Add +60.1% |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 25,199 | $586K | Add +2.6% |
Total filed on the 13F, all lines: $74.1M.
Portfolio Sells Q1 2024 → Q2 2024
| IAU iShares Gold Trust | Reduce -3.4% | 19.60% | −5.26 |
| AVHI Achari Ventures Holdings Cor | Sold out | 0.00% | −1.85 |
| EQC Equity Commonwealth | Reduce -2.4% | 5.81% | −1.61 |
| DG Dollar General Corp. | Reduce -2.4% | 2.89% | −1.59 |
| VET Vermilion Energy Inc. | Reduce -2.9% | 1.87% | −0.92 |
| KNTK Kinetik Holdings Inc. | Reduce -5.8% | 2.92% | −0.90 |
| MSFT Microsoft Corp. | Reduce -33.0% | 1.08% | −0.86 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.59 |
| SG Sweetgreen Inc. Class A | Sold out | 0.00% | −0.56 |
| JVSAU Jvspac Acquisition Corp. | Sold out | 0.00% | −0.46 |
| GMFI Aetherium Acquisition Corp. Class A | Sold out | 0.00% | −0.34 |
| BAFN Bayfirst Financial Corp. | Reduce -0.1% | 0.74% | −0.32 |
| BNIX Bannix Acquisition Corp. | Reduce -5.0% | 0.95% | −0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 2.80% | −0.21 |
| PEP Pepsico Inc. | Reduce -5.3% | 0.44% | −0.19 |
| SFBC Sound Financial Bancorp Inc. | Reduce -6.7% | 0.35% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 0.32% | −0.09 |
| TCBC TC Bancshares Inc. | Reduce -6.3% | 0.20% | −0.08 |
Portfolio Buys Q1 2024 → Q2 2024
| MAA Mid-America Apartment Comm | New | 4.50% | +4.50 |
| CPT Camden Property Trust | New | 3.58% | +3.58 |
| ENB Enbridge Inc. | New | 3.00% | +3.00 |
| USMV iShares MSCI USA Min Vol Fac | Add +95.9% | 8.60% | +2.98 |
| CFBK CF Bankshares Inc. | Add +0.0% | 3.91% | +2.55 |
| CLST Catalyst Bancorp Inc. | Add +165.4% | 2.62% | +1.32 |
| OSBC Old Second Bancorp Inc. | New | 0.98% | +0.98 |
| CXH MFS Investment Grade Muni | New | 0.73% | +0.73 |
| XCMUX MFS High Yield Municipal TR | New | 0.40% | +0.40 |
| BTI British American Tob-SP ADR | New | 0.34% | +0.34 |
| TJX TJX Companies Inc. | New | 0.29% | +0.29 |
| IUSG iShares Core S&P U.S. Growth | New | 0.28% | +0.28 |
| META Meta Platforms Inc. Class A | New | 0.28% | +0.28 |
| CULL Cullman Bancorp Inc. | New | 0.24% | +0.24 |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | Add +64.5% | 0.25% | +0.06 |
| PM Philip Morris International | Add +29.9% | 0.44% | +0.05 |
| AAPL Apple Inc. | Add +4.7% | 0.89% | +0.00 |
| AMZN Amazon.com Inc. | Add +1.4% | 0.39% | −0.07 |
| NEE Nextera Energy Inc. | Add +1.3% | 0.73% | −0.10 |
| D Dominion Energy Inc. | Add +1.8% | 3.21% | −0.85 |
| HCC Warrior Met Coal Inc. | Add +2.0% | 4.11% | −0.89 |
| EOG EOG Resources Inc. | Add +2.9% | 3.39% | −0.90 |
| LNG Cheniere Energy Inc. | Add +4.9% | 7.24% | −0.92 |
| CTRA Coterra Energy Inc. | Add +1.3% | 2.93% | −0.95 |
| FNV Franco-Nevada Corp. | Add +0.4% | 3.54% | −1.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | Add +60.1% | 102,674 | $2.6M |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Add +2.6% | 25,199 | $586K |
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 2024Amended | 46 | $70.9M | IAU, USMV, LNG, EQC, MAA |
| Q1 2024Amended | 39 | $55.3M | IAU, LNG, EQC, USMV, HCC |