Graham Capital Wealth Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Graham Capital Wealth Management, LLC reported 57 stock positions worth $94.5 million. Its top holding was iShares Gold Trust (IAU) at 16.4% of the portfolio, followed by iShares MSCI USA Min Vol Fac (USMV, 6.1%) and Cheniere Energy (LNG, 5.6%). Compared with Q2 2024, it opened 15 new positions, sold out of 4, added to 18 and reduced 18. The biggest buy was a new position in Sila Realty Trust (SILA) and the biggest sale iShares Gold Trust (IAU, shares −2%).

Most Recent 13F
Q2 2026
Location
WASHINGTON, DC
CIK
0001907528
Portfolio Value
$94.5M (Q3 2024)
SEC Filing
0001951757-24-001124 ↗ filed Oct 24, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $55.3M Q1 2024 Q2 2024: $70.9M Q2 2024 Q3 2024: $94.5M $94.5M Q3 2024 Q4 2024: $115.4M Q4 2024 Q1 2025: $92.7M Q1 2025 Q2 2025: $89.2M Q2 2025 Q3 2025: $97.5M Q3 2025 Q4 2025: $108.2M Q4 2025 Q1 2026: $112.6M Q1 2026 Q2 2026: $129.3M Q2 2026

Holdings 57 stocks · $94.5M
IAU iShares Gold Trust 16.36% 311,104 $15.5M Reduce -1.7%
USMV iShares MSCI USA Min Vol Fac 6.06% 62,716 $5.7M Reduce -13.7%
LNG Cheniere Energy Inc. 5.60% 29,439 $5.3M Add +0.2%
SILA Sila Realty Trust Inc. 4.56% 170,190 $4.3M New
EQC Equity Commonwealth 4.43% 210,340 $4.2M Reduce -0.9%
MAA Mid-America Apartment Comm 3.77% 22,428 $3.6M Add +0.1%
NVGS Navigator Holdings Ltd. 3.64% 214,298 $3.4M New
CFBK CF Bankshares Inc. 3.41% 148,783 $3.2M Add +0.6%
WPC WP Carey Inc. 3.36% 50,926 $3.2M New
HCC Warrior Met Coal Inc. 3.22% 47,545 $3.0M Add +2.3%
CPT Camden Property Trust 3.05% 23,363 $2.9M Add +0.3%
D Dominion Energy Inc. 2.92% 47,735 $2.8M Add +2.7%
FNV Franco-Nevada Corp. 2.89% 21,955 $2.7M Add +3.6%
CHCT Community Healthcare Trust I 2.80% 146,016 $2.7M New
ENB Enbridge Inc. 2.67% 62,051 $2.5M Add +3.8%
KOS Kosmos Energy Ltd. 2.59% 606,104 $2.4M New
EOG EOG Resources Inc. 2.54% 19,550 $2.4M Add +2.3%
KNTK Kinetik Holdings Inc. 2.35% 49,143 $2.2M Reduce -1.5%
REXR Rexford Industrial Realty Inc. 2.34% 44,029 $2.2M New
CLST Catalyst Bancorp Inc. 2.17% 179,947 $2.1M Add +12.2%
CTRA Coterra Energy Inc. 2.12% 83,569 $2.0M Add +7.1%
GOOGL Alphabet Inc. Class A 1.90% 10,796 $1.8M Reduce -0.9%
DG Dollar General Corp. 1.57% 17,533 $1.5M Add +13.0%
VET Vermilion Energy Inc. 1.22% 117,886 $1.2M Reduce -2.1%
MSFT Microsoft Corp. 0.78% 1,711 $736K No change
AAPL Apple Inc. 0.78% 3,150 $734K Add +5.5%
OSBC Old Second Bancorp Inc. 0.73% 44,110 $688K Reduce -6.2%
BNIX Bannix Acquisition Corp. 0.69% 58,873 $653K Reduce -3.9%
FTW.U Eqv Ventures Acquisition Cor 0.69% 65,515 $651K New
NEE Nextera Energy Inc. 0.65% 7,211 $610K Reduce -1.0%
BAFN Bayfirst Financial Corp. 0.62% 44,694 $588K Reduce -1.5%
CXH MFS Investment Grade Muni 0.57% 65,155 $536K Reduce -1.2%
HD Home Depot Inc. 0.54% 1,252 $507K Reduce -1.6%
BKNG Booking Holdings Inc. 0.49% 110 $463K Add +1.9%
VACHU Voyager Acquisition Corp. 0.45% 42,325 $423K New
CI The Cigna Group 0.43% 1,184 $410K No change
IVV iShares Core S&P 500 ETF 0.39% 642 $370K New
PM Philip Morris International 0.39% 3,024 $367K Reduce -1.4%
JPM JPMorgan Chase & Co. 0.37% 1,672 $353K Add +1.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.34% 5,677 $322K No change
PEP Pepsico Inc. 0.33% 1,831 $311K Reduce -2.7%
XCMUX MFS High Yield Municipal TR 0.32% 81,353 $298K Reduce -2.2%
SFBC Sound Financial Bancorp Inc. 0.31% 5,530 $296K Reduce -5.2%
AMZN Amazon.com Inc. 0.29% 1,466 $273K Add +2.4%
VOO Vanguard S&P 500 ETF 0.27% 486 $256K Add +6.8%
BTU Peabody Energy Corp. 0.27% 9,528 $253K New
PG The Procter & Gamble Co. 0.25% 1,381 $239K No change
NVDA Nvidia Corp. 0.24% 1,894 $230K New
META Meta Platforms Inc. Class A 0.24% 398 $228K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.22% 1,800 $212K Reduce -2.7%
LPAAU Launch One Acquisition Corp. 0.19% 18,068 $181K New
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) 0.18% 171,000 $171K Reduce -5.5%
PDBC Invesco Optimum Yield Divers 0.18% 12,388 $166K New
OKTA INC (OKTA 0.125 09/01/25) 0.12% 119,000 $113K Add +21.4%
BRBS Blue Ridge Bankshares Inc. 0.10% 33,791 $95K New
OKTA INC (OKTA 0.375 06/15/26) 0.02% 23,000 $21K New
NUVASIVE INC (GMED 0.375 03/15/25) 0.01% 14,000 $14K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.2M (not counted above)
SecurityClassShares / PrincipalValueChange
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D 102,569$2.6MReduce -0.1%
SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) 2.75% CNV PFD C 25,054$595KReduce -0.6%

Total filed on the 13F, all lines: $97.7M.

Portfolio Sells Q2 2024 → Q3 2024
IAU iShares Gold Trust Reduce -1.7% 16.36% −3.23
USMV iShares MSCI USA Min Vol Fac Reduce -13.7% 6.06% −2.54
EQC Equity Commonwealth Reduce -0.9% 4.43% −1.38
GOOGL Alphabet Inc. Class A Reduce -0.9% 1.90% −0.90
VET Vermilion Energy Inc. Reduce -2.1% 1.22% −0.65
KNTK Kinetik Holdings Inc. Reduce -1.5% 2.35% −0.56
BTI British American Tob-SP ADR Sold out 0.00% −0.34
IUSG iShares Core S&P U.S. Growth Sold out 0.00% −0.28
BNIX Bannix Acquisition Corp. Reduce -3.9% 0.69% −0.26
OSBC Old Second Bancorp Inc. Reduce -6.2% 0.73% −0.25
CULL Cullman Bancorp Inc. Sold out 0.00% −0.24
TCBC TC Bancshares Inc. Sold out 0.00% −0.20
CXH MFS Investment Grade Muni Reduce -1.2% 0.57% −0.17
BAFN Bayfirst Financial Corp. Reduce -1.5% 0.62% −0.12
PEP Pepsico Inc. Reduce -2.7% 0.33% −0.11
XCMUX MFS High Yield Municipal TR Reduce -2.2% 0.32% −0.09
NEE Nextera Energy Inc. Reduce -1.0% 0.65% −0.08
HD Home Depot Inc. Reduce -1.6% 0.54% −0.08
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) Reduce -5.5% 0.18% −0.07
TJX TJX Companies Inc. Reduce -2.7% 0.22% −0.06
PM Philip Morris International Reduce -1.4% 0.39% −0.05
SFBC Sound Financial Bancorp Inc. Reduce -5.2% 0.31% −0.04

Portfolio Buys Q2 2024 → Q3 2024
SILA Sila Realty Trust Inc. New 4.56% +4.56
NVGS Navigator Holdings Ltd. New 3.64% +3.64
WPC WP Carey Inc. New 3.36% +3.36
CHCT Community Healthcare Trust I New 2.80% +2.80
KOS Kosmos Energy Ltd. New 2.59% +2.59
REXR Rexford Industrial Realty Inc. New 2.34% +2.34
FTW.U Eqv Ventures Acquisition Cor New 0.69% +0.69
VACHU Voyager Acquisition Corp. New 0.45% +0.45
IVV iShares Core S&P 500 ETF New 0.39% +0.39
BTU Peabody Energy Corp. New 0.27% +0.27
NVDA Nvidia Corp. New 0.24% +0.24
LPAAU Launch One Acquisition Corp. New 0.19% +0.19
PDBC Invesco Optimum Yield Divers New 0.18% +0.18
BRBS Blue Ridge Bankshares Inc. New 0.10% +0.10
OKTA INC (OKTA 0.375 06/15/26) New 0.02% +0.02
OKTA INC (OKTA 0.125 09/01/25) Add +21.4% 0.12% −0.01
VOO Vanguard S&P 500 ETF Add +6.8% 0.27% −0.06
JPM JPMorgan Chase & Co. Add +1.3% 0.37% −0.10
AMZN Amazon.com Inc. Add +2.4% 0.29% −0.10
AAPL Apple Inc. Add +5.5% 0.78% −0.11
BKNG Booking Holdings Inc. Add +1.9% 0.49% −0.11
D Dominion Energy Inc. Add +2.7% 2.92% −0.29
ENB Enbridge Inc. Add +3.8% 2.67% −0.33
CLST Catalyst Bancorp Inc. Add +12.2% 2.17% −0.45
CFBK CF Bankshares Inc. Add +0.6% 3.41% −0.50
CPT Camden Property Trust Add +0.3% 3.05% −0.53
FNV Franco-Nevada Corp. Add +3.6% 2.89% −0.65
MAA Mid-America Apartment Comm Add +0.1% 3.77% −0.73
CTRA Coterra Energy Inc. Add +7.1% 2.12% −0.82
EOG EOG Resources Inc. Add +2.3% 2.54% −0.85
HCC Warrior Met Coal Inc. Add +2.3% 3.22% −0.90
DG Dollar General Corp. Add +13.0% 1.57% −1.32
LNG Cheniere Energy Inc. Add +0.2% 5.60% −1.64

Notes & Other Activity Q2 2024 → Q3 2024
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D Reduce -0.1% 102,569 $2.6M
SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) 2.75% CNV PFD C Reduce -0.6% 25,054 $595K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 61$129.3MAEXA, RSPT, EFSI, CEPF, RSPC
Q1 2026 54$112.6MAEXA, RSPT, RSPC, CMBT, EFSI
Q4 2025 59$108.2MRSPT, RSP, EFSI, LNG, BRBS
Q3 2025 70$97.5MRSPT, LNG, EFSI, BRBS, PEG
Q2 2025 65$89.2MLNG, ALDFU, EFSI, PEG, CFBK
Q1 2025 63$92.7MLNG, ALDFU, CI, CFBK, EOG
Q4 2024 72$115.4MLNG, IAU, ALDFU, SILA, CFBK
Q3 2024 57$94.5MIAU, USMV, LNG, SILA, EQC
Q2 2024Amended 46$70.9MIAU, USMV, LNG, EQC, MAA
Q1 2024Amended 39$55.3MIAU, LNG, EQC, USMV, HCC