Graham Capital Wealth Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Graham Capital Wealth Management, LLC reported 72 stock positions worth $115.4 million. Its top holding was Cheniere Energy (LNG) at 5.4% of the portfolio, followed by iShares Gold Trust (IAU, 4.8%) and Aldel Financial II (ALDFU, 4.0%). Compared with Q3 2024, it opened 21 new positions, sold out of 6, added to 24 and reduced 18. The biggest buy was a new position in Aldel Financial II (ALDFU) and the biggest sale iShares Gold Trust (IAU, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- WASHINGTON, DC
- CIK
- 0001907528
- Portfolio Value
- $115.4M (Q4 2024)
- SEC Filing
- 0001951757-25-000124 ↗ filed Jan 24, 2025
Holdings Value
Holdings 72 stocks · $115.4M
| LNG Cheniere Energy Inc. | 5.44% | 29,235 | $6.3M | Reduce -0.7% |
| IAU iShares Gold Trust | 4.79% | 111,582 | $5.5M | Reduce -64.1% |
| ALDFU Aldel Financial II Inc. | 3.96% | 454,185 | $4.6M | New |
| SILA Sila Realty Trust Inc. | 3.57% | 169,614 | $4.1M | Reduce -0.3% |
| CFBK CF Bankshares Inc. | 3.28% | 148,174 | $3.8M | Reduce -0.4% |
| CHCT Community Healthcare Trust I | 3.20% | 192,233 | $3.7M | Add +31.6% |
| MAA Mid-America Apartment Comm | 2.99% | 22,353 | $3.5M | Reduce -0.3% |
| NVGS Navigator Holdings Ltd. | 2.90% | 217,979 | $3.3M | Add +1.7% |
| REXR Rexford Industrial Realty Inc. | 2.71% | 80,948 | $3.1M | Add +83.8% |
| EOG EOG Resources Inc. | 2.66% | 25,035 | $3.1M | Add +28.1% |
| SMC Summit Midstream Corp. | 2.65% | 81,023 | $3.1M | New |
| XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP | 2.60% | 168,706 | $3.0M | New |
| VTOL Bristow Group Inc. | 2.57% | 86,568 | $3.0M | New |
| HSPTU Horizon Space Acquisition II | 2.53% | 291,368 | $2.9M | New |
| WPC WP Carey Inc. | 2.50% | 53,058 | $2.9M | Add +4.2% |
| KNTK Kinetik Holdings Inc. | 2.40% | 48,834 | $2.8M | Reduce -0.6% |
| UDR Udr Inc. | 2.38% | 63,241 | $2.7M | New |
| CPT Camden Property Trust | 2.34% | 23,285 | $2.7M | Reduce -0.3% |
| ENB Enbridge Inc. | 2.29% | 62,232 | $2.6M | Add +0.3% |
| AMT American Tower Corp. | 2.27% | 14,274 | $2.6M | New |
| HCC Warrior Met Coal Inc. | 2.25% | 47,818 | $2.6M | Add +0.6% |
| FNV Franco-Nevada Corp. | 2.24% | 21,945 | $2.6M | Reduce -0.1% |
| D Dominion Energy Inc. | 2.22% | 47,554 | $2.6M | Reduce -0.4% |
| KOS Kosmos Energy Ltd. | 2.21% | 746,698 | $2.6M | Add +23.2% |
| CTRA Coterra Energy Inc. | 2.07% | 93,675 | $2.4M | Add +12.1% |
| COOP Mr Cooper Group Inc. | 1.97% | 23,707 | $2.3M | New |
| ASPCU A Spac III Acquisition Corp. | 1.95% | 223,716 | $2.3M | New |
| SITC Site Centers Corp. filed as SITE CTRS CORP | 1.93% | 145,583 | $2.2M | New |
| CLST Catalyst Bancorp Inc. | 1.86% | 182,506 | $2.1M | Add +1.4% |
| DVN Devon Energy Corp. | 1.81% | 63,925 | $2.1M | New |
| GOOGL Alphabet Inc. Class A | 1.76% | 10,736 | $2.0M | Reduce -0.6% |
| USMV iShares MSCI USA Min Vol Fac | 1.75% | 22,796 | $2.0M | Reduce -63.6% |
| CCIRU Cohen Circle Acquisition Cor | 1.49% | 169,746 | $1.7M | New |
| BRBS Blue Ridge Bankshares Inc. | 1.46% | 522,478 | $1.7M | Add +1446.2% |
| FACTU Fact II Acquisition Corp. | 1.24% | 143,523 | $1.4M | New |
| VET Vermilion Energy Inc. | 0.90% | 111,009 | $1.0M | Reduce -5.8% |
| AAPL Apple Inc. | 0.68% | 3,150 | $789K | No change |
| MSFT Microsoft Corp. | 0.63% | 1,715 | $723K | Add +0.2% |
| FTW.U Eqv Ventures Acquisition Cor | 0.57% | 65,374 | $659K | Reduce -0.2% |
| WLACU Willow Lane Acquisition Corp. | 0.57% | 65,857 | $657K | New |
| BNIX Bannix Acquisition Corp. | 0.56% | 57,496 | $642K | Reduce -2.3% |
| NTWOU Newbury Street II Acquisitio | 0.48% | 55,230 | $552K | New |
| BKNG Booking Holdings Inc. | 0.47% | 110 | $547K | No change |
| NEE Nextera Energy Inc. | 0.45% | 7,219 | $518K | Add +0.1% |
| HD Home Depot Inc. | 0.42% | 1,253 | $487K | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.39% | 839 | $452K | Add +72.6% |
| VACHU Voyager Acquisition Corp. | 0.37% | 42,082 | $425K | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 0.35% | 1,675 | $402K | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.33% | 642 | $378K | No change |
| PM Philip Morris International | 0.31% | 2,935 | $353K | Reduce -2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 600 | $351K | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.29% | 5,677 | $332K | No change |
| CI The Cigna Group | 0.29% | 1,199 | $331K | Add +1.3% |
| AMZN Amazon.com Inc. | 0.28% | 1,466 | $322K | No change |
| DYNCU Dynamix Corp. | 0.26% | 30,500 | $303K | New |
| SFBC Sound Financial Bancorp Inc. | 0.25% | 5,439 | $286K | Reduce -1.6% |
| PEP Pepsico Inc. | 0.24% | 1,833 | $279K | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 2,138 | $258K | Add +18.8% |
| NVDA Nvidia Corp. | 0.22% | 1,901 | $255K | Add +0.4% |
| BTU Peabody Energy Corp. | 0.22% | 12,072 | $253K | Add +26.7% |
| TIP iShares Tips Bond ETF | 0.22% | 2,365 | $252K | New |
| META Meta Platforms Inc. Class A | 0.20% | 398 | $233K | No change |
| PG The Procter & Gamble Co. | 0.20% | 1,384 | $232K | Add +0.2% |
| EQT Eqt Corp. | 0.19% | 4,724 | $218K | New |
| NFLX Netflix Inc. | 0.18% | 227 | $202K | New |
| PDBC Invesco Optimum Yield Divers | 0.17% | 14,737 | $191K | Add +19.0% |
| LPAAU Launch One Acquisition Corp. | 0.16% | 18,015 | $182K | Reduce -0.3% |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | 0.15% | 171,000 | $169K | No change |
| OKTA INC (OKTA 0.125 09/01/25) | 0.11% | 134,000 | $129K | Add +12.6% |
| TAVIU Tavia Acquisition Corp. | 0.09% | 10,000 | $100K | New |
| OKTA INC (OKTA 0.375 06/15/26) | 0.02% | 23,000 | $21K | No change |
| NUVASIVE INC (GMED 0.375 03/15/25) | 0.01% | 14,000 | $14K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $602K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 25,054 | $602K | No change |
Total filed on the 13F, all lines: $116.0M.
Portfolio Sells Q3 2024 → Q4 2024
| IAU iShares Gold Trust | Reduce -64.1% | 4.79% | −11.58 |
| EQC Equity Commonwealth | Sold out | 0.00% | −4.43 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -63.6% | 1.75% | −4.31 |
| DG Dollar General Corp. | Sold out | 0.00% | −1.57 |
| SILA Sila Realty Trust Inc. | Reduce -0.3% | 3.57% | −0.98 |
| MAA Mid-America Apartment Comm | Reduce -0.3% | 2.99% | −0.78 |
| OSBC Old Second Bancorp Inc. | Sold out | 0.00% | −0.73 |
| CPT Camden Property Trust | Reduce -0.3% | 2.34% | −0.71 |
| D Dominion Energy Inc. | Reduce -0.4% | 2.22% | −0.70 |
| FNV Franco-Nevada Corp. | Reduce -0.1% | 2.24% | −0.65 |
| BAFN Bayfirst Financial Corp. | Sold out | 0.00% | −0.62 |
| CXH MFS Investment Grade Muni | Sold out | 0.00% | −0.57 |
| XCMUX MFS High Yield Municipal TR | Sold out | 0.00% | −0.32 |
| VET Vermilion Energy Inc. | Reduce -5.8% | 0.90% | −0.31 |
| LNG Cheniere Energy Inc. | Reduce -0.7% | 5.44% | −0.16 |
| BNIX Bannix Acquisition Corp. | Reduce -2.3% | 0.56% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 1.76% | −0.13 |
| CFBK CF Bankshares Inc. | Reduce -0.4% | 3.28% | −0.13 |
| FTW.U Eqv Ventures Acquisition Cor | Reduce -0.2% | 0.57% | −0.12 |
| PM Philip Morris International | Reduce -2.9% | 0.31% | −0.08 |
| VACHU Voyager Acquisition Corp. | Reduce -0.6% | 0.37% | −0.08 |
| SFBC Sound Financial Bancorp Inc. | Reduce -1.6% | 0.25% | −0.07 |
| LPAAU Launch One Acquisition Corp. | Reduce -0.3% | 0.16% | −0.03 |
| KNTK Kinetik Holdings Inc. | Reduce -0.6% | 2.40% | +0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| ALDFU Aldel Financial II Inc. | New | 3.96% | +3.96 |
| SMC Summit Midstream Corp. | New | 2.65% | +2.65 |
| XIFR XPLR Infrastructure LP | New | 2.60% | +2.60 |
| VTOL Bristow Group Inc. | New | 2.57% | +2.57 |
| HSPTU Horizon Space Acquisition II | New | 2.53% | +2.53 |
| UDR Udr Inc. | New | 2.38% | +2.38 |
| AMT American Tower Corp. | New | 2.27% | +2.27 |
| COOP Mr Cooper Group Inc. | New | 1.97% | +1.97 |
| ASPCU A Spac III Acquisition Corp. | New | 1.95% | +1.95 |
| SITC Site Centers Corp. | New | 1.93% | +1.93 |
| DVN Devon Energy Corp. | New | 1.81% | +1.81 |
| CCIRU Cohen Circle Acquisition Cor | New | 1.49% | +1.49 |
| BRBS Blue Ridge Bankshares Inc. | Add +1446.2% | 1.46% | +1.36 |
| FACTU Fact II Acquisition Corp. | New | 1.24% | +1.24 |
| WLACU Willow Lane Acquisition Corp. | New | 0.57% | +0.57 |
| NTWOU Newbury Street II Acquisitio | New | 0.48% | +0.48 |
| CHCT Community Healthcare Trust I | Add +31.6% | 3.20% | +0.39 |
| REXR Rexford Industrial Realty Inc. | Add +83.8% | 2.71% | +0.37 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.30% | +0.30 |
| DYNCU Dynamix Corp. | New | 0.26% | +0.26 |
| TIP iShares Tips Bond ETF | New | 0.22% | +0.22 |
| EQT Eqt Corp. | New | 0.19% | +0.19 |
| NFLX Netflix Inc. | New | 0.18% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +72.6% | 0.39% | +0.12 |
| EOG EOG Resources Inc. | Add +28.1% | 2.66% | +0.12 |
| TAVIU Tavia Acquisition Corp. | New | 0.09% | +0.09 |
| TJX TJX Companies Inc. | Add +18.8% | 0.22% | −0.00 |
| OKTA INC (OKTA 0.125 09/01/25) | Add +12.6% | 0.11% | −0.01 |
| PDBC Invesco Optimum Yield Divers | Add +19.0% | 0.17% | −0.01 |
| NVDA Nvidia Corp. | Add +0.4% | 0.22% | −0.02 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 0.35% | −0.03 |
| CTRA Coterra Energy Inc. | Add +12.1% | 2.07% | −0.05 |
| BTU Peabody Energy Corp. | Add +26.7% | 0.22% | −0.05 |
| PG The Procter & Gamble Co. | Add +0.2% | 0.20% | −0.05 |
| PEP Pepsico Inc. | Add +0.1% | 0.24% | −0.09 |
| HD Home Depot Inc. | Add +0.1% | 0.42% | −0.11 |
| CI The Cigna Group | Add +1.3% | 0.29% | −0.15 |
| MSFT Microsoft Corp. | Add +0.2% | 0.63% | −0.15 |
| NEE Nextera Energy Inc. | Add +0.1% | 0.45% | −0.20 |
| CLST Catalyst Bancorp Inc. | Add +1.4% | 1.86% | −0.31 |
| KOS Kosmos Energy Ltd. | Add +23.2% | 2.21% | −0.37 |
| ENB Enbridge Inc. | Add +0.3% | 2.29% | −0.38 |
| NVGS Navigator Holdings Ltd. | Add +1.7% | 2.90% | −0.75 |
| WPC WP Carey Inc. | Add +4.2% | 2.50% | −0.85 |
| HCC Warrior Met Coal Inc. | Add +0.6% | 2.25% | −0.97 |
Notes & Other Activity Q3 2024 → Q4 2024
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | Sold out | 102,569 | $2.6Mbefore exit |
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 |