GRAHAM CAPITAL WEALTH MANAGEMENT, LLC

CIK 0001907528 · Q2 2026

13F Equity AUM

$129.4M

+14.9% QoQ

Positions

+6 QoQ

AUM Rank

#9,735

Top 78%

Skill Alpha (FF)

+2.9%/yr^ns

No Clear Edge

Rank #1,090 · Top 13%

vs S&P -3.0%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 26.9%Top 10: 43.8%Top 20: 70.9%

AEXA8.6%

RSPT6.1%

EFSI4.3%

CEPF4.1%

RSPC3.8%

SFBC3.8%

EURN3.6%

TRU3.3%

RSPN3.2%

CCB3.0%

Others (52)56.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services55.3%

Energy17.4%

Industrials7.9%

Utilities5.9%

Unclassified4.8%

Real Estate3.6%

Other5.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 62Median: 1.03%Avg: 1.61%

0–0.5%

22(5.6%)

0.5–1%

8(5.4%)

1–3%

22(45.2%)

3–5%

8(29.2%)

5%+

2(14.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 62vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New11Increased18Decreased28Exited5

New Positions

NMM3.0%

+55K

WMB2.6%

+46K

HYNE2.3%

+176K

DVN2.1%

+67K

ELME1.1%

+961K

FNRN0.6%

+44K

SPACE EXPLORATION TE…0.6%

+4K

FBCG0.2%

+4K

IUSG0.2%

+1K

FDVV0.2%

+4K

Increased

AEXA8.6%

+117K(+14%)

PUBLIC POL HLDG CO I…1.6%

+94K(+50%)

CEPF4.1%

+49K(+10%)

OKEANIS ECO TANKERS …2.7%

+16K(+31%)

BRBS2.8%

+9K(+1%)

NSTS1.2%

+9K(+9%)

CLOA0.8%

+8K(+72%)

SFBC3.8%

+5K(+4%)

PEG2.7%

+1K(+3%)

D2.7%

+1K(+3%)

Decreased

EURN3.6%

-52,847(-14%)

RSPT6.1%

-28,839(-19%)

RSPN3.2%

-7,266(-10%)

UDR0.9%

-2,866(-9%)

RSPC3.8%

-2,812(-2%)

CPBI2.6%

-1,580(-1%)

EFSI4.3%

-1,412(-1%)

CLST2.5%

-1,346(-1%)

CPT1.0%

-959(-8%)

LSBK1.0%

-647(-1%)

Exited

-90,990

-80,899

-1,405

-2,140

-18,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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