GRAHAM CAPITAL WEALTH MANAGEMENT LLC's Q3 2025 13F: 11 new positions, 7 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Nov 7, 2025 · 71 reported positions · accession 0001951757-25-001348
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | INVESCO EXCHANGE TRADED FD T (RSPT) | — | 7.1% | +7.1 pts | +156K sh | new |
| Exited | ALDEL FINL II INC (ALDFU) | 5.2% | — | −5.2 pts | −441K sh | −100% |
| Exited | HORIZON SPACE ACQUISITION II (HSPTU) | 3.2% | — | −3.2 pts | −283K sh | −100% |
| New | CMB.TECH NV (CMBT) | — | 3.1% | +3.1 pts | +321K sh | new |
| New | FISERV INC (FISV) | — | 2.6% | +2.6 pts | +19,411 sh | new |
| Reduced | A SPAC III ACQUISITION CORP (ASPCU) | 2.5% | 1.2% | −1.3 pts | −108K sh | −49% |
| Reduced | FACT II ACQUISITION CORP (FACTU) | 1.6% | 0.4% | −1.2 pts | −104K sh | −74% |
| New | LAKE SHORE BANCORP INC (LSBK) | — | 1.0% | +1.0 pts | +76,031 sh | new |
| Increased | CENTRAL PLAINS BANCSHARES IN (CPBI) | 0.5% | 1.5% | +1.0 pts | +59,675 sh | +193% |
| Increased | SOUND FINL BANCORP INC (SFBC) | 0.3% | 1.1% | +0.9 pts | +18,807 sh | +358% |
| New | CANTOR EQUITY PARTNERS IV IN (CEPF) | — | 0.8% | +0.8 pts | +73,800 sh | new |
| Increased | BLUE RIDGE BANKSHARES INC VA (BRBS) | 3.3% | 4.4% | +1.0 pts | +176K sh | +21% |
| Exited | WILLOW LANE ACQUISITION CORP (WLACU) | 0.8% | — | −0.8 pts | −65,121 sh | −100% |
| Exited | EQV VENTURES ACQUISITION COR (FTWU) | 0.7% | — | −0.7 pts | −60,574 sh | −100% |
| New | INVESCO EXCHANGE TRADED FD T (RSP) | — | 0.6% | +0.6 pts | +3,090 sh | new |
| Exited | DYNAMIX CORP (ETHMU) | 0.5% | — | −0.5 pts | −48,000 sh | −100% |
| New | AMERICAN EXCEPTIONALISM ACQU (AEXA) | — | 0.5% | +0.5 pts | +42,400 sh | new |
| Exited | ISHARES TR (TIP) | 0.3% | — | −0.3 pts | −2,195 sh | −100% |
| Increased | EAGLE FINL SVCS INC (EFSI) | 4.2% | 5.0% | +0.8 pts | +6,580 sh | +5% |
| Exited | VISA INC (V) | 0.2% | — | −0.2 pts | −572 sh | −100% |
| New | TJX COS INC NEW (TJX) | — | 0.2% | +0.2 pts | +1,506 sh | new |
| New | TESLA INC (TSLA) | — | 0.2% | +0.2 pts | +475 sh | new |
| New | ISHARES SILVER TR (SLV) | — | 0.2% | +0.2 pts | +4,979 sh | new |
| New | ISHARES TR (IUSG) | — | 0.2% | +0.2 pts | +1,250 sh | new |
| Reduced | WP CAREY INC (WPC) | 2.5% | 2.3% | −0.2 pts | −2,840 sh | −8% |
| Reduced | KOSMOS ENERGY LTD (KOS) | 1.4% | 1.1% | −0.3 pts | −64,625 sh | −9% |
| Increased | JANUS DETROIT STR TR (JAAA) | 0.7% | 0.7% | 0.0 pts | +1,700 sh | +15% |
| Reduced | WARRIOR MET COAL INC (HCC) | 2.3% | 2.9% | +0.5 pts | −1,306 sh | −3% |
| Reduced | PEPSICO INC (PEP) | 0.3% | 0.2% | −0.1 pts | −538 sh | −24% |
| Reduced | AMERICAN TOWER CORP NEW (AMT) | 2.1% | 1.6% | −0.5 pts | −294 sh | −4% |
| Reduced | ENBRIDGE INC (ENB) | 3.0% | 3.0% | 0.0 pts | −1,103 sh | −2% |
| Increased | SPDR S&P 500 ETF TR (SPY) | 0.5% | 0.6% | 0.0 pts | +80 sh | +10% |
| Reduced | CF BANKSHARES INC (CFBK) | 3.9% | 3.5% | −0.4 pts | −2,121 sh | −1% |
| Reduced | SILA REALTY TRUST INC (CVMCA) | 1.9% | 1.8% | −0.1 pts | −1,646 sh | −2% |
| Reduced | CAMDEN PPTY TR (CPT) | 2.8% | 2.4% | −0.4 pts | −365 sh | −2% |
| Reduced | CATALYST BANCORP INC (CLST) | 2.7% | 2.6% | −0.1 pts | −2,683 sh | −1% |
| Increased | EOG RES INC (EOG) | 3.4% | 2.9% | −0.4 pts | +300 sh | +1% |
| Reduced | SPECIAL OPPORTUNITIES FD INC (SPEPRC) | 0.7% | 0.6% | −0.1 pts | −1,288 sh | −5% |
| Reduced | DWS MUN INCOME TR NEW (KTF) | 0.4% | 0.3% | 0.0 pts | −3,247 sh | −8% |
| Reduced | HOME DEPOT INC (HD) | 0.4% | 0.4% | 0.0 pts | −70 sh | −8% |
| Reduced | CANTOR EQUITY PARTNERS III I (CAEP) | 0.7% | 0.6% | −0.1 pts | −2,600 sh | −4% |
| Reduced | NET LEASE OFFICE PROPERTIES (NLOP) | 2.2% | 1.8% | −0.4 pts | −893 sh | −1% |
| Increased | COMMUNITY HEALTHCARE TR INC (CHCT) | 2.0% | 1.7% | −0.3 pts | +1,699 sh | +2% |
| Increased | COTERRA ENERGY INC (CTRA) | 2.6% | 2.3% | −0.4 pts | +1,031 sh | +1% |
| Increased | VANGUARD INDEX FDS (VOO) | 0.4% | 0.4% | 0.0 pts | +35 sh | +6% |
| Reduced | CANTOR EQUITY PARTNERS I INC (CEPO) | 1.8% | 1.4% | −0.4 pts | −1,928 sh | −1% |
| Reduced | KINETIK HOLDINGS INC (KNTK) | 1.1% | 1.0% | −0.1 pts | −445 sh | −2% |
| Reduced | NETFLIX INC (NFLX) | 0.3% | 0.3% | −0.1 pts | −15 sh | −6% |
| Reduced | BRISTOW GROUP INC (VTOL) | 3.6% | 3.6% | 0.0 pts | −484 sh | 0% |
| Reduced | MID-AMER APT CMNTYS INC (MAA) | 1.8% | 1.5% | −0.3 pts | −121 sh | −1% |
The 50 largest of 70 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 42.3% of the equity book
Changes in the top 10 this quarter: RSPT entered · CMBT entered · ENB entered · ALDFU left · EOG left · HSPTU left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INVESCO EXCHANGE TRADED FD T (RSPT) | 0.0% | 7.1% | Entered the top 10 |
| 2 | CHENIERE ENERGY INC (LNG) | 6.8% | 6.0% | |
| 3 | EAGLE FINL SVCS INC (EFSI) | 4.2% | 5.0% | |
| 4 | BLUE RIDGE BANKSHARES INC VA (BRBS) | 3.3% | 4.4% | |
| 5 | PUBLIC SVC ENTERPRISE GRP IN (PEG) | 4.1% | 3.7% | |
| 6 | BRISTOW GROUP INC (VTOL) | 3.6% | 3.6% | |
| 7 | CF BANKSHARES INC (CFBK) | 3.9% | 3.5% | |
| 8 | CMB.TECH NV (CMBT) | 0.0% | 3.1% | Entered the top 10 |
| 9 | DOMINION ENERGY INC (D) | 3.0% | 3.0% | |
| 10 | ENBRIDGE INC (ENB) | 3.0% | 3.0% | Entered the top 10 |
| — | ALDEL FINL II INC (ALDFU) | 5.2% | 0.0% | Left the top 10 |
| — | EOG RES INC (EOG) | 3.4% | 2.9% | Left the top 10 |
| — | HORIZON SPACE ACQUISITION II (HSPTU) | 3.2% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).