Graham Capital Wealth Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Graham Capital Wealth Management, LLC reported 54 stock positions worth $112.6 million. Its top holding was American Exceptionalism Class A (AEXA) at 7.9% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSPT, 6.0%) and Invesco S&P 500 Equal Weig C (RSPC, 4.7%). Compared with Q4 2025, it opened 8 new positions, sold out of 13, added to 13 and reduced 27. The biggest buy was American Exceptionalism Class A (AEXA, shares +1866%) and the biggest sale an exit from Invesco S&P 500 Equal Weight (RSP).
- Most Recent 13F
- Q2 2026
- Location
- WASHINGTON, DC
- CIK
- 0001907528
- Portfolio Value
- $112.6M (Q1 2026)
- SEC Filing
- 0001951757-26-000825 ↗ filed May 12, 2026
Holdings Value
Holdings 54 stocks · $112.6M
| AEXA American Exceptionalism Class A | 7.91% | 821,904 | $8.9M | Add +1866.3% |
| RSPT Invesco S&P 500 Equal Weight | 6.05% | 150,424 | $6.8M | Reduce -16.6% |
| RSPC Invesco S&P 500 Equal Weig C | 4.70% | 141,604 | $5.3M | Add +56.7% |
| CMBT CMB Tech NV | 4.37% | 388,678 | $4.9M | Reduce -11.1% |
| EFSI Eagle Financial Services Inc. | 4.26% | 137,035 | $4.8M | Add +6.8% |
| SFBC Sound Financial Bancorp Inc. | 4.22% | 108,616 | $4.7M | Add +20.2% |
| CEPF Cantor Equity Partners Class A | 4.21% | 465,302 | $4.7M | Add +131.5% |
| LNG Cheniere Energy Inc. | 3.93% | 15,588 | $4.4M | Reduce -37.3% |
| BRBS Blue Ridge Bankshares Inc. | 3.79% | 1,016,932 | $4.3M | Add +1.8% |
| RSPN Invesco S&P 500 Equal Weight | 3.68% | 72,031 | $4.1M | Add +16.7% |
| TRU Transunion | 3.57% | 58,166 | $4.0M | New |
| CCB Coastal Financial Corp. | 3.37% | 49,879 | $3.8M | New |
| EOG EOG Resources Inc. | 3.17% | 24,684 | $3.6M | Reduce -1.6% |
| PEG Public Service Enterprise GP | 3.02% | 42,060 | $3.4M | Reduce -1.2% |
| CLST Catalyst Bancorp Inc. | 2.90% | 197,285 | $3.3M | Add +1.1% |
| CTRA Coterra Energy Inc. | 2.84% | 90,990 | $3.2M | Reduce -1.6% |
| ENB Enbridge Inc. | 2.72% | 56,631 | $3.1M | Reduce -1.1% |
| CPBI Central Plains Bancshares Inc. | 2.70% | 177,652 | $3.0M | Reduce -1.3% |
| D Dominion Energy Inc. | 2.69% | 48,963 | $3.0M | Reduce -1.7% |
| ECO Okeanis Eco Tankers Corp. | 2.36% | 52,595 | $2.7M | New |
| PPHC Public Policy Holding Co. Inc. | 2.19% | 188,638 | $2.5M | New |
| CFBK CF Bankshares Inc. | 2.01% | 80,899 | $2.3M | Reduce -47.1% |
| APO Apollo Global Management Inc. | 1.94% | 19,611 | $2.2M | New |
| SBLK Star Bulk Carriers Corp. | 1.52% | 74,551 | $1.7M | New |
| VTOL Bristow Group Inc. | 1.51% | 36,328 | $1.7M | Reduce -63.0% |
| CPT Camden Property Trust | 1.09% | 12,584 | $1.2M | Reduce -42.5% |
| NSTS NSTS Bancorp Inc. | 1.04% | 100,842 | $1.2M | Add +45.0% |
| GOOGL Alphabet Inc. Class A | 1.04% | 4,075 | $1.2M | Reduce -2.6% |
| LSBK Lake Shore Bancorp Inc. | 1.01% | 75,190 | $1.1M | Reduce -2.9% |
| UDR Udr Inc. | 0.98% | 32,584 | $1.1M | Reduce -48.0% |
| IAU iShares Gold Trust | 0.92% | 11,758 | $1.0M | Reduce -2.3% |
| AAPL Apple Inc. | 0.86% | 3,811 | $967K | Add +2.7% |
| MAA Mid-America Apartment Comm | 0.59% | 5,399 | $659K | Reduce -49.2% |
| NEE Nextera Energy Inc. | 0.59% | 7,095 | $659K | No change |
| JPM JPMorgan Chase & Co. | 0.54% | 2,059 | $606K | No change |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.51% | 11,024 | $571K | Add +13.7% |
| MSFT Microsoft Corp. | 0.49% | 1,480 | $548K | No change |
| NVDA Nvidia Corp. | 0.43% | 2,792 | $487K | No change |
| VOO Vanguard S&P 500 ETF | 0.42% | 787 | $470K | Add +15.7% |
| META Meta Platforms Inc. Class A | 0.39% | 759 | $434K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 636 | $413K | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.32% | 1,717 | $358K | No change |
| PM Philip Morris International | 0.31% | 2,140 | $354K | Reduce -8.6% |
| WMT Walmart Inc. | 0.31% | 2,821 | $351K | Add +2.2% |
| SLV iShares Silver Trust | 0.29% | 4,804 | $327K | Reduce -3.5% |
| HD Home Depot Inc. | 0.25% | 842 | $277K | Reduce -2.3% |
| IVV iShares Core S&P 500 ETF | 0.23% | 402 | $263K | Reduce -6.1% |
| RTX RTX Corp. | 0.23% | 1,328 | $256K | Reduce -1.9% |
| FUTY Fidelity MSCI US Utilities | 0.21% | 4,056 | $240K | New |
| CI The Cigna Group | 0.20% | 837 | $223K | Reduce -86.2% |
| PEP Pepsico Inc. | 0.19% | 1,405 | $218K | Reduce -18.8% |
| KTF DWS Municipal Income Trust | 0.19% | 23,657 | $215K | Reduce -32.9% |
| PDBC Invesco Optimum Yield Divers | 0.18% | 11,931 | $207K | Reduce -10.1% |
| NFLX Netflix Inc. | 0.18% | 2,140 | $206K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $27K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 18,000 | $18K | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 10,000 | $9K | Reduce -60.0% |
Total filed on the 13F, all lines: $112.6M.
Portfolio Sells Q4 2025 → Q1 2026
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −6.02 |
| HCC Warrior Met Coal Inc. | Sold out | 0.00% | −3.54 |
| NLOP Net Lease Office Property | Sold out | 0.00% | −2.02 |
| VTOL Bristow Group Inc. | Reduce -63.0% | 1.51% | −1.81 |
| CHCT Community Healthcare Trust I | Sold out | 0.00% | −1.66 |
| GNK Genco Shipping & Trading Ltd. | Sold out | 0.00% | −1.61 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -16.6% | 6.05% | −1.54 |
| CFBK CF Bankshares Inc. | Reduce -47.1% | 2.01% | −1.52 |
| CI The Cigna Group | Reduce -86.2% | 0.20% | −1.35 |
| UDR Udr Inc. | Reduce -48.0% | 0.98% | −1.14 |
| CPT Camden Property Trust | Reduce -42.5% | 1.09% | −1.14 |
| FISV Fiserv Inc. | Sold out | 0.00% | −1.04 |
| MAA Mid-America Apartment Comm | Reduce -49.2% | 0.59% | −0.78 |
| KNTK Kinetik Holdings Inc. | Sold out | 0.00% | −0.73 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −0.57 |
| LNG Cheniere Energy Inc. | Reduce -37.3% | 3.93% | −0.54 |
| CEPV Cantor Equity Partners Class A | Sold out | 0.00% | −0.37 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.20 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.20 |
| IUSG iShares Core S&P U.S. Growth | Sold out | 0.00% | −0.19 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.19 |
| GOOGL Alphabet Inc. Class A | Reduce -2.6% | 1.04% | −0.17 |
| PEG Public Service Enterprise GP | Reduce -1.2% | 3.02% | −0.14 |
| CPBI Central Plains Bancshares Inc. | Reduce -1.3% | 2.70% | −0.11 |
| KTF DWS Municipal Income Trust | Reduce -32.9% | 0.19% | −0.10 |
| IVV iShares Core S&P 500 ETF | Reduce -6.1% | 0.23% | −0.04 |
| PEP Pepsico Inc. | Reduce -18.8% | 0.19% | −0.04 |
| LSBK Lake Shore Bancorp Inc. | Reduce -2.9% | 1.01% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 0.37% | −0.03 |
| PM Philip Morris International | Reduce -8.6% | 0.31% | −0.03 |
| HD Home Depot Inc. | Reduce -2.3% | 0.25% | −0.03 |
| D Dominion Energy Inc. | Reduce -1.7% | 2.69% | −0.01 |
| SLV iShares Silver Trust | Reduce -3.5% | 0.29% | −0.01 |
| RTX RTX Corp. | Reduce -1.9% | 0.23% | −0.00 |
| IAU iShares Gold Trust | Reduce -2.3% | 0.92% | +0.02 |
| PDBC Invesco Optimum Yield Divers | Reduce -10.1% | 0.18% | +0.02 |
| ENB Enbridge Inc. | Reduce -1.1% | 2.72% | +0.19 |
| CMBT CMB Tech NV | Reduce -11.1% | 4.37% | +0.47 |
| CTRA Coterra Energy Inc. | Reduce -1.6% | 2.84% | +0.59 |
| EOG EOG Resources Inc. | Reduce -1.6% | 3.17% | +0.74 |
Portfolio Buys Q4 2025 → Q1 2026
| AEXA American Exceptionalism Class A | Add +1866.3% | 7.91% | +7.47 |
| TRU Transunion | New | 3.57% | +3.57 |
| CCB Coastal Financial Corp. | New | 3.37% | +3.37 |
| ECO Okeanis Eco Tankers Corp. | New | 2.36% | +2.36 |
| CEPF Cantor Equity Partners Class A | Add +131.5% | 4.21% | +2.30 |
| PPHC Public Policy Holding Co. Inc. | New | 2.19% | +2.19 |
| APO Apollo Global Management Inc. | New | 1.94% | +1.94 |
| SBLK Star Bulk Carriers Corp. | New | 1.52% | +1.52 |
| RSPC Invesco S&P 500 Equal Weig C | Add +56.7% | 4.70% | +1.38 |
| SFBC Sound Financial Bancorp Inc. | Add +20.2% | 4.22% | +0.57 |
| RSPN Invesco S&P 500 Equal Weight | Add +16.7% | 3.68% | +0.45 |
| FUTY Fidelity MSCI US Utilities | New | 0.21% | +0.21 |
| NSTS NSTS Bancorp Inc. | Add +45.0% | 1.04% | +0.21 |
| NFLX Netflix Inc. | New | 0.18% | +0.18 |
| CLST Catalyst Bancorp Inc. | Add +1.1% | 2.90% | +0.06 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Add +13.7% | 0.51% | +0.04 |
| WMT Walmart Inc. | Add +2.2% | 0.31% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +15.7% | 0.42% | +0.02 |
| AAPL Apple Inc. | Add +2.7% | 0.86% | −0.07 |
| BRBS Blue Ridge Bankshares Inc. | Add +1.8% | 3.79% | −0.15 |
| EFSI Eagle Financial Services Inc. | Add +6.8% | 4.26% | −0.46 |
Notes & Other Activity Q4 2025 → Q1 2026
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Sold out | 21,113 | $522Kbefore exit |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Sold out | 44,000 | $43Kbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Reduce -60.0% | 10,000 | $9K |
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 |