Dark
Light
System
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 (2014Q3)
Original 13F HR (0001140361-14-041712) filed in 2014.11.14
#
Name
Shares
Value ($)
%
Options
Notes
1 ARCH COAL INC 170,000 360 0.02%
2 ARCH COAL INC 1,100,000 2,332 0.10% Put
3 ARCH COAL INC 800,000 1,696 0.07% Put
4 FANG HOLDINGS LTD 142,500 1,418 0.06% Put
5 PEABODY ENERGY CORP 200,000 2,476 0.11% Put
6 AK STL CORP 7,500,000 12,721 0.56%
7 ALLIED NEVADA GOLD UTIL 2,570,000 8,507 0.38% Put
8 ALLIED NEVADA GOLD UTIL 160,000 530 0.02% Put
9 ALLIED NEVADA GOLD UTIL 329,400 1,090 0.05% Put
10 ALPHA NATURAL RESOURCES 1,450,000 3,596 0.16% Put
11 AMBEV SA 86,000 563 0.02%
12 AMERICAN INTL GROUP INC 40,700 2,199 0.10%
13 ANADARKO PETE CORP 300,999 30,533 1.35%
14 ANGLOGOLD ASHANTI LIMITED 300,000 3,600 0.16% Put
15 ANNALY CAP MGMT INC 4,500,000 4,635 0.20%
16 ATHLON ENERGY INC 94,302 5,491 0.24%
17 ATWOOD OCEANICS INC 192,991 8,432 0.37%
18 AXIALL CORPORATION 146,599 5,250 0.23%
19 BAIDU INC 5,000 1,091 0.05%
20 BAKER HUGHES INC 162,825 10,593 0.47%
21 BANK AMER CORP 1,172,300 19,988 0.88% Call
22 BANK AMER CORP 1,026,400 17,500 0.77% Call
23 BANK AMER CORP 355,600 6,063 0.27% Call
24 BANK AMER CORP 2,157,634 36,788 1.62%
25 BARRICK GOLD CORP 793,738 11,636 0.51%
26 BERKSHIRE HATHAWAY INC DEL 14,200 1,962 0.09%
27 BILL BARRETT CP 363,171 8,004 0.35%
28 BLACKBERRY LTD 721,100 7,168 0.32%
29 BRF SA SPONSORED ADR 25,000 595 0.03%
30 CABOT OIL & GAS CORP 281,100 9,189 0.41%
31 CAESARS ENTERTAINMENT 400,000 5,032 0.22% Put
32 CANADIAN NAT RES LTD 373,713 14,515 0.64%
33 CEMEX SAB DE CV 100,000 1,304 0.06%
34 CIMAREX ENERGY 139,171 17,609 0.78%
35 CITIGROUPINC 125,000 6,478 0.29% Call
36 CITIGROUPINC 632,471 32,775 1.45%
37 CITIGROUPINC 150,100 7,778 0.34% Call
38 CLAYMORE EXCHANGE TRD FD TR 36,000 1,463 0.06%
39 CME GROUP INC 30,300 2,423 0.11%
40 COBALT INTL ENERGY INC 60,000,000 49,706 2.19%
41 COBALT INTL ENERGY INC 850,000 11,560 0.51% Put
42 COEUR MNG INC 1,000,000 4,960 0.22% Put
43 COGNIZANT TECHNOLOGY SOLUTIO 22,300 998 0.04%
44 COMPANHIA BRASILEIRA DE DIST 9,500 414 0.02%
45 CONCHO RESOURCES 42,964 5,387 0.24%
46 CONOCOPHILLIPS 48,214 3,689 0.16%
47 COPA HOLDINGS SA 14,000 1,502 0.07%
48 CORNING INC 565,000 10,927 0.48%
49 COSTCO WHSL CORP NEW 17,100 2,143 0.09%
50 D R HORTON INC 640,348 13,140 0.58%
Page 1 of 4