Graham Capital Management, L.P. Q4 2020 Filing

Filed February 16, 2021

Portfolio Value

$2.7B

Holdings

112

Report Date

Q4 2020

Filing Type

13F-HR

All Holdings (112 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IWMISHARES TR	1,414,800	$277.4M	10.18%	Put
2	—NIO INC	53,160,000	$275.7M	10.12%
3	GQ9SPDR GOLD TR	766,000	$136.6M	5.01%	Call
4	ZZILLOW GROUP INC	842,257	$109.3M	4.01%
5	TSLATESLA INC	134,644	$95.0M	3.49%
6	—CLEVELAND-CLIFFS INC NEW	47,000,000	$91.7M	3.37%
7	PENN 2.75 05/15/26PENN NATL GAMING INC	24,000,000	$90.7M	3.33%
8	SPYSPDR S&P 500 ETF TR	220,000	$82.3M	3.02%	Call
9	—GOGO INC	44,619,000	$76.2M	2.80%
10	NIONIO INC	1,472,300	$71.8M	2.63%	Put
11	SPWR 4 01/15/23SUNPOWER CORP	50,933,000	$65.8M	2.41%
12	NVAX 3.75 02/01/23NOVAVAX INC	47,936,000	$60.8M	2.23%
13	NDQINVESCO QQQ TR	168,500	$52.9M	1.94%	Put
14	MMM3M CO	300,000	$52.4M	1.92%
15	NVDANVIDIA CORPORATION	100,000	$52.2M	1.92%
16	EMBISHARES TR	425,000	$49.3M	1.81%
17	OPK 4.5 02/15/25OPKO HEALTH INC	38,545,000	$48.7M	1.79%
18	EWZISHARES INC	1,300,000	$48.2M	1.77%	Call
19	ROKUROKU INC	125,000	$41.5M	1.52%
20	MSFTMICROSOFT CORP	178,940	$39.8M	1.46%
21	EEMISHARES TR	770,000	$39.8M	1.46%	Call
22	XOPSPDR SER TR	645,000	$37.7M	1.38%	Call
23	CATCATERPILLAR INC	180,000	$32.8M	1.20%
24	—GOLAR LNG LTD	33,821,000	$30.7M	1.13%
25	HYGISHARES TR	330,000	$28.8M	1.06%
26	—PRETIUM RES INC	26,518,000	$28.3M	1.04%
27	—INTREXON CORP	30,000,000	$25.8M	0.95%
28	XYZSQUARE INC	110,000	$23.9M	0.88%
29	OMER 5.25 02/15/26OMEROS CORP	21,000,000	$22.5M	0.83%
30	—BLACKSTONE MTG TR INC	22,212,000	$22.3M	0.82%
31	TSMTAIWAN SEMICONDUCTOR MFG LTD	190,000	$20.7M	0.76%
32	RIG 0.5 01/30/23TRANSOCEAN INC	40,331,000	$20.7M	0.76%
33	MARMARRIOTT INTL INC NEW	150,000	$19.8M	0.73%
34	BABOEING CO	90,000	$19.3M	0.71%
35	—SUNPOWER CORP	17,931,000	$18.4M	0.67%
36	RWT 5.75 10/01/25RWT HLDGS INC	19,187,000	$18.3M	0.67%
37	WLLWHITING PETE CORP NEW	730,280	$18.3M	0.67%
38	MIGAMICROSTRATEGY INC	45,803	$17.8M	0.65%
39	EXPEEXPEDIA GROUP INC	133,333	$17.7M	0.65%
40	—NIO INC	3,362,000	$17.4M	0.64%
41	SMHVANECK VECTORS ETF TR	70,000	$15.3M	0.56%
42	—FIRST MAJESTIC SILVER CORP	10,000,000	$14.8M	0.54%
43	—SHIP FINANCE INTERNATIONAL L	14,877,000	$14.6M	0.54%
44	WYWEYERHAEUSER CO MTN BE	436,000	$14.6M	0.54%
45	BALLBALL CORP	150,000	$14.0M	0.51%
46	CMECME GROUP INC	75,000	$13.7M	0.50%
47	—LONGVIEW ACQUISITION CORP	624,814	$12.4M	0.45%
48	—GOPRO INC	10,500,000	$12.0M	0.44%
49	GEGENERAL ELECTRIC CO	1,100,000	$11.9M	0.44%
50	BDXBECTON DICKINSON & CO	45,064	$11.3M	0.41%
51	DOCUDOCUSIGN INC	50,000	$11.1M	0.41%
52	—GREEN PLAINS INC	11,460,000	$11.0M	0.40%
53	—OMEROS CORP	10,005,000	$10.7M	0.39%
54	VVISA INC	47,500	$10.4M	0.38%
55	JPMJPMORGAN CHASE & CO	80,000	$10.2M	0.37%
56	VTVVANGUARD INDEX FDS	84,370	$10.0M	0.37%
57	FXIISHARES TR	200,000	$9.3M	0.34%	Call
58	DALDELTA AIR LINES INC DEL	225,000	$9.0M	0.33%
59	—GREENLIGHT CAP RE LTD	10,300,000	$8.9M	0.33%
60	ICLNISHARES TR	300,000	$8.5M	0.31%
61	KOCOCA COLA CO	150,000	$8.2M	0.30%
62	BLMNBLOOMIN BRANDS INC	416,889	$8.1M	0.30%
63	SEDGSOLAREDGE TECHNOLOGIES INC	25,000	$8.0M	0.29%
64	PMT 5.5 11/01/24PENNYMAC CORP	7,990,000	$7.9M	0.29%
65	ACBAURORA CANNABIS INC	931,462	$7.7M	0.28%	Put
66	LUV 1.25 05/01/25SOUTHWEST AIRLS CO	5,000,000	$7.3M	0.27%
67	TANINVESCO EXCH TRADED FD TR II	68,800	$7.1M	0.26%
68	ENPHENPHASE ENERGY INC	39,500	$6.9M	0.25%
69	GDXVANECK VECTORS ETF TR	180,000	$6.5M	0.24%
70	LUVSOUTHWEST AIRLS CO	136,800	$6.4M	0.23%
71	HSTHOST HOTELS & RESORTS INC	429,715	$6.3M	0.23%
72	—ALLEGHENY TECHNOLOGIES INC	4,500,000	$6.2M	0.23%
73	—DYCOM INDS INC	5,800,000	$6.0M	0.22%
74	ICEINTERCONTINENTAL EXCHANGE IN	50,000	$5.8M	0.21%
75	TALOTALOS ENERGY INC	675,317	$5.6M	0.20%
76	EWWISHARES INC	113,122	$4.9M	0.18%
77	PYPLPAYPAL HLDGS INC	20,000	$4.7M	0.17%
78	ATVIEURACTIVISION BLIZZARD INC	50,000	$4.6M	0.17%
79	NVTA1EURINVITAE CORP	101,649	$4.2M	0.16%
80	DGDOLLAR GEN CORP NEW	20,000	$4.2M	0.15%
81	NVV1NOVAVAX INC	37,562	$4.2M	0.15%
82	—CONTURA ENERGY INC	367,479	$4.2M	0.15%
83	LAC1EURLITHIUM AMERS CORP NEW	330,000	$4.1M	0.15%
84	VSTMVERASTEM INC	1,866,687	$4.0M	0.15%
85	—PIEDMONT LITHIUM LTD	145,272	$3.9M	0.14%
86	IBMINTERNATIONAL BUSINESS MACHS	30,000	$3.8M	0.14%
87	—EAGLE BULK SHIPPING INC	4,400,000	$3.6M	0.13%
88	RWT 5.625 07/15/24REDWOOD TR INC	3,563,000	$3.4M	0.12%
89	—SHIP FIN INTL LTD	3,656,000	$3.3M	0.12%
90	NNDMNANO DIMENSION LTD	300,000	$2.7M	0.10%
91	TWTRUSDTWITTER INC	50,000	$2.7M	0.10%
92	CCLCARNIVAL CORP	116,653	$2.5M	0.09%
93	EWHISHARES INC	100,000	$2.5M	0.09%
94	OPENOPENDOOR TECHNOLOGIES INC	106,360	$2.4M	0.09%
95	LCLENDINGCLUB CORP	208,000	$2.2M	0.08%
96	ATDALLEGHENY TECHNOLOGIES INC	118,781	$2.0M	0.07%
97	CRCCALIFORNIA RES CORP	82,162	$1.9M	0.07%
98	SICPQSILVERGATE CAP CORP	25,000	$1.9M	0.07%
99	TLRYEURTILRAY INC	193,190	$1.6M	0.06%
100	AXDX 2.5 03/15/23ACCELERATE DIAGNOSTICS INC	2,500,000	$1.5M	0.05%

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