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Institutional Investment Manager
Graham Capital Management, L.P.
Graham Capital Management, L.P. (CIK: 0001315421) incorporated in Delaware, located at 40 Highland Avenue, Rowayton, CT. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Original 13F HR (0001140361-14-020884) filed in 2014.05.14
#
Name
Shares
Value ($)
%
Options
Notes
51 Vaneck Vectors Gold 294,700 6,955 0.38% Call
52 ATHLON ENERGY INC 205,106 7,271 0.40%
53 SPDR S&P MIDCAP 400 ETF TR 30,000 7,517 0.41%
54 MERITOR INC 5,000,000 7,604 0.42%
55 DIAMONDBACK ENERGY INC 117,332 7,898 0.43%
56 BARRICK GOLD CORP 455,859 8,128 0.44%
57 FREEPORT-MCMORAN INC 250,000 8,268 0.45% Call
58 FREEPORT-MCMORAN INC 250,000 8,268 0.45% Call
59 COBALT INTL ENERGY INC 467,352 8,562 0.47%
60 WEATHERFORDI 526,763 9,145 0.50%
61 CITIGROUPINC 198,945 9,470 0.52%
62 KIRBY CORP 93,571 9,474 0.52%
63 Mannkind 10,000,000 9,499 0.52%
64 CANADIAN SOLAR INC 302,100 9,679 0.53% Put
65 PDC ENERGY INC 159,868 9,953 0.54%
66 SINA CORP 170,000 10,270 0.56% Put
67 ISHARES TR 255,000 10,452 0.57% Call
68 WHITING PETE CORP NEW 153,281 10,636 0.58%
69 PRECISION DRILLING CORP 960,700 11,500 0.63%
70 TOTAL S A 191,009 12,530 0.68%
71 RITE AID CORP 5,000,000 12,593 0.69%
72 COBALT INTL ENERGY INC 700,000 12,824 0.70% Put
73 CABOT OIL & GAS CORP 382,031 12,943 0.71%
74 SELECT SECTOR SPDR TR 600,000 13,404 0.73%
75 SOLARCITY CORP 250,000 15,655 0.86% Put
76 APPLE INC 29,700 15,941 0.87%
77 NORTHERN OIL & GAS INC NEV 1,123,812 16,430 0.90%
78 GULFPORT ENERGY CORP 240,735 17,136 0.94%
79 AK STL CORP 11,500,000 17,612 0.96%
80 ISHARES 278,458 17,807 0.97%
81 HESS CORP 228,785 18,962 1.04%
82 ANGLOGOLD ASHANTI LIMITED 1,120,000 19,130 1.05% Put
83 DRYSHIPS INC. 5%14F DUE 12/01/14 DRYSHIPS INC. 20,000,000 19,805 1.08%
84 ISHARES TR 500,000 20,495 1.12% Call
85 ISHARES TR 500,000 20,495 1.12% Call
86 SUNPOWER CORP 14,000,000 21,245 1.16%
87 BANK AMER CORP 1,240,686 21,340 1.17%
88 FREEPORT-MCMORAN INC 651,369 21,541 1.18%
89 CANADIAN NAT RES LTD 585,000 22,446 1.23%
90 APACHE CORP 304,470 25,256 1.38%
91 SELECT SECTOR SPDR TR 289,777 25,808 1.41%
92 RADIAN GROUP INC 17,600,000 26,976 1.47%
93 VERIZON COMMUNICATIONS INC 569,583 27,095 1.48%
94 GENERAL MTRS CO 792,300 27,271 1.49%
95 SPDR S&P 500 ETF TR 150,000 28,056 1.53% Put
96 VIPSHOP HLDGS LTD 188,500 28,143 1.54% Put
97 ISHARES INC 467,821 28,771 1.57%
98 VIPSHOP HLDGS LTD 30,000,000 30,544 1.67%
99 CIMAREX ENERGY 257,365 30,655 1.68%
100 ANADARKO PETE CORP 370,811 31,430 1.72%
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