GRAHAM CAPITAL WEALTH MANAGEMENT LLC's Q4 2025 13F: 5 new positions, 15 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Jan 21, 2026 · 60 reported positions · accession 0001951757-26-000250
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | INVESCO EXCHANGE TRADED FD T (RSP) | 0.6% | 6.0% | +5.4 pts | +30,901 sh | +1000% |
| New | INVESCO EXCHANGE TRADED FD T (RSPC) | — | 3.3% | +3.3 pts | +90,378 sh | new |
| New | INVESCO EXCHANGE TRADED FD T (RSPN) | — | 3.2% | +3.2 pts | +61,727 sh | new |
| Increased | SOUND FINL BANCORP INC (SFBC) | 1.1% | 3.6% | +2.5 pts | +66,280 sh | +275% |
| Exited | WP CAREY INC (WPC) | 2.3% | — | −2.3 pts | −33,624 sh | −100% |
| Exited | SILA REALTY TRUST INC (CVMCA) | 1.8% | — | −1.8 pts | −69,139 sh | −100% |
| New | GENCO SHIPPING & TRADING LTD (GNK) | — | 1.6% | +1.6 pts | +94,519 sh | new |
| Exited | AMERICAN TOWER CORP NEW (AMT) | 1.6% | — | −1.6 pts | −8,054 sh | −100% |
| Exited | CANTOR EQUITY PARTNERS I INC (CEPO) | 1.4% | — | −1.4 pts | −132K sh | −100% |
| Increased | CENTRAL PLAINS BANCSHARES IN (CPBI) | 1.5% | 2.8% | +1.3 pts | +89,327 sh | +99% |
| Exited | SUMMIT MIDSTREAM CORPORATION (SMC) | 1.2% | — | −1.2 pts | −58,972 sh | −100% |
| Exited | A SPAC III ACQUISITION CORP (ASPCU) | 1.2% | — | −1.2 pts | −114K sh | −100% |
| Increased | CANTOR EQUITY PARTNERS IV IN (CEPF) | 0.8% | 1.9% | +1.1 pts | +127K sh | +172% |
| Exited | KOSMOS ENERGY LTD (KOS) | 1.1% | — | −1.1 pts | −655K sh | −100% |
| Increased | CMB.TECH NV (CMBT) | 3.1% | 3.9% | +0.8 pts | +117K sh | +36% |
| Increased | INVESCO EXCHANGE TRADED FD T (RSPT) | 7.1% | 7.5% | +0.5 pts | +24,599 sh | +16% |
| New | NSTS BANCORP INC (NSTS) | — | 0.8% | +0.8 pts | +69,535 sh | new |
| Exited | CANTOR EQUITY PARTNERS III I (CAEP) | 0.6% | — | −0.6 pts | −59,700 sh | −100% |
| Increased | NET LEASE OFFICE PROPERTIES (NLOP) | 1.8% | 2.0% | +0.2 pts | +24,899 sh | +42% |
| Exited | NEWBURY STR II ACQUISITION C (NTWOU) | 0.5% | — | −0.5 pts | −49,172 sh | −100% |
| Exited | VOYAGER ACQUISITION CORP (VACHU) | 0.4% | — | −0.4 pts | −40,701 sh | −100% |
| Exited | FACT II ACQUISITION CORP (FACTU) | 0.4% | — | −0.4 pts | −35,975 sh | −100% |
| New | CANTOR EQUITY PARTNERS V INC (CEPV) | — | 0.4% | +0.4 pts | +38,800 sh | new |
| Exited | NETFLIX INC (NFLX) | 0.3% | — | −0.3 pts | −217 sh | −100% |
| Increased | CF BANKSHARES INC (CFBK) | 3.5% | 3.5% | 0.0 pts | +9,491 sh | +7% |
| Exited | PROCTER AND GAMBLE CO (PG) | 0.2% | — | −0.2 pts | −1,382 sh | −100% |
| Exited | LAUNCH ONE ACQUISITION CORP (LPAAU) | 0.2% | — | −0.2 pts | −16,353 sh | −100% |
| Reduced | FISERV INC (FISV) | 2.6% | 1.0% | −1.5 pts | −2,604 sh | −13% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 0.6% | 0.4% | −0.2 pts | −208 sh | −25% |
| Exited | TAVIA ACQUISITION CORP (TAVIU) | 0.1% | — | −0.1 pts | −10,000 sh | −100% |
| Reduced | BERKLEY W R CORP (WRB) | 0.3% | 0.2% | −0.1 pts | −1,400 sh | −33% |
| Reduced | UDR INC (UDR) | 2.5% | 2.1% | −0.4 pts | −2,373 sh | −4% |
| Increased | DOMINION ENERGY INC (D) | 3.0% | 2.7% | −0.3 pts | +1,301 sh | +3% |
| Reduced | PUBLIC SVC ENTERPRISE GRP IN (PEG) | 3.7% | 3.1% | −0.6 pts | −833 sh | −2% |
| Reduced | EOG RES INC (EOG) | 2.9% | 2.4% | −0.5 pts | −632 sh | −2% |
| Reduced | EAGLE FINL SVCS INC (EFSI) | 5.0% | 4.7% | −0.3 pts | −1,638 sh | −1% |
| Reduced | PHILIP MORRIS INTL INC (PM) | 0.4% | 0.3% | −0.1 pts | −367 sh | −14% |
| Reduced | JANUS DETROIT STR TR (JAAA) | 0.7% | 0.6% | −0.1 pts | −1,160 sh | −9% |
| Reduced | SPECIAL OPPORTUNITIES FD INC (SPEPRC) | 0.6% | 0.5% | −0.1 pts | −2,261 sh | −10% |
| Reduced | WARRIOR MET COAL INC (HCC) | 2.9% | 3.5% | +0.7 pts | −633 sh | −1% |
| Reduced | BLUE RIDGE BANKSHARES INC VA (BRBS) | 4.4% | 3.9% | −0.4 pts | −12,914 sh | −1% |
| Increased | BLACKROCK ETF TRUST II (CLOA) | 0.5% | 0.5% | 0.0 pts | +911 sh | +10% |
| Reduced | ENBRIDGE INC (ENB) | 3.0% | 2.5% | −0.5 pts | −851 sh | −1% |
| Reduced | MID-AMER APT CMNTYS INC (MAA) | 1.6% | 1.4% | −0.2 pts | −254 sh | −2% |
| Reduced | COTERRA ENERGY INC (CTRA) | 2.3% | 2.2% | 0.0 pts | −1,326 sh | −1% |
| Reduced | CHENIERE ENERGY INC (LNG) | 6.0% | 4.4% | −1.6 pts | −179 sh | −1% |
| Reduced | AMAZON COM INC (AMZN) | 0.4% | 0.4% | −0.1 pts | −149 sh | −8% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 0.7% | 0.6% | −0.1 pts | −93 sh | −4% |
| Reduced | ISHARES GOLD TR (IAU) | 0.9% | 0.9% | 0.0 pts | −320 sh | −3% |
| Reduced | KINETIK HOLDINGS INC (KNTK) | 1.0% | 0.7% | −0.3 pts | −599 sh | −3% |
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 — 44.4% of the equity book
Changes in the top 10 this quarter: RSP entered · SFBC entered · HCC entered · RSPC entered · PEG left · VTOL left · D left · ENB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INVESCO EXCHANGE TRADED FD T (RSPT) | 7.1% | 7.5% | |
| 2 | INVESCO EXCHANGE TRADED FD T (RSP) | 0.6% | 6.0% | Entered the top 10 |
| 3 | EAGLE FINL SVCS INC (EFSI) | 5.0% | 4.7% | |
| 4 | CHENIERE ENERGY INC (LNG) | 6.0% | 4.4% | |
| 5 | BLUE RIDGE BANKSHARES INC VA (BRBS) | 4.4% | 3.9% | |
| 6 | CMB.TECH NV (CMBT) | 3.1% | 3.9% | |
| 7 | SOUND FINL BANCORP INC (SFBC) | 1.1% | 3.6% | Entered the top 10 |
| 8 | WARRIOR MET COAL INC (HCC) | 2.9% | 3.5% | Entered the top 10 |
| 9 | CF BANKSHARES INC (CFBK) | 3.5% | 3.5% | |
| 10 | INVESCO EXCHANGE TRADED FD T (RSPC) | 0.0% | 3.3% | Entered the top 10 |
| — | PUBLIC SVC ENTERPRISE GRP IN (PEG) | 3.7% | 3.1% | Left the top 10 |
| — | BRISTOW GROUP INC (VTOL) | 3.6% | 3.3% | Left the top 10 |
| — | DOMINION ENERGY INC (D) | 3.0% | 2.7% | Left the top 10 |
| — | ENBRIDGE INC (ENB) | 3.0% | 2.5% | 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).