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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 (2015Q1)
Original 13F HR (0001140361-15-019984) filed in 2015.05.15
#
Name
Shares
Value ($)
%
Options
Notes
1 YY INC 670,000 36,555 1.79% Put
2 YAHOO INC 35,650 1,584 0.08%
3 Walter Energy, Inc. 550,000 341 0.02% Put
4 WILLIAMS COS INC DEL 110,000 5,565 0.27%
5 WEIGHT WATCHERS INTL INC NEW 155,800 1,089 0.05% Put
6 WALTER INVT MGMT CORP 439,100 7,091 0.35% Put
7 VIPSHOP HLDGS LTD 2,086,000 61,412 3.02% Put
8 VIPSHOP HLDGS LTD 35,000,000 54,658 2.68%
9 VERIZON COMMUNICATIONS INC 47,431 2,307 0.11%
10 VALERO ENERGY CORP NEW 232,645 14,801 0.73%
11 UNITED STATES OIL FUND LP 50,000 842 0.04%
12 UNITED RENTALS INC 87,751 7,999 0.39%
13 TRINA SOLAR ADR REPTG 50 ORD 500,000 6,045 0.30% Put
14 SunEdison Inc 32,500,000 55,879 2.74%
15 Solarcity Corp 36,500,000 38,310 1.88%
16 SUPERIOR ENERGY SVCS INC 410,000 9,159 0.45%
17 SUNTRUST BKS INC 229,793 9,442 0.46%
18 SUNEDISON INC 562,500 13,500 0.66% Put
19 SUNCOR ENERGY INC NEW 450,000 13,163 0.65%
20 STARWOOD PPTY TR INC 12,500,000 13,755 0.68%
21 SPDR S&P 500 ETF TR 107,799 22,253 1.09%
22 SPDR S&P 500 ETF TR 2,000,000 412,860 20.27% Put
23 SOUFUN HLDGS LTD 10,000,000 8,795 0.43%
24 SOLARCITY CORP 100,000 5,128 0.25% Put
25 SOLARCITY CORP 330,000 16,922 0.83% Put
26 SINA CORP 125,000 4,020 0.20% Put
27 SINA CORP 20,000,000 18,142 0.89%
28 SHIP FINANCE INTERNATIONAL L 7,100,000 7,072 0.35%
29 SELECT SECTOR SPDR TR 450,000 10,850 0.53%
30 SEADRILL LIMITED 450,000 4,208 0.21% Put
31 RPC INC 232,714 2,981 0.15%
32 RITE AID CORP 9,372,000 31,573 1.55%
33 RANGE RES CORP 440,000 22,898 1.12%
34 RADIAN GROUP INC 20,600,000 33,019 1.62%
35 QUIKSILVER INC COM 800,000 1,480 0.07% Put
36 QUIKSILVER INC COM 800,000 1,480 0.07% Put
37 QIHOO 360 TECHNOLOGY CO LTD 220,000 11,264 0.55% Put
38 QIHOO 360 TECHNOLOGY CO LTD 75,000 3,840 0.19% Put
39 QIHOO 360 TECHNOLOGY CO LTD 40,000,000 38,011 1.87%
40 Peabody Energy Corp 400,000 1,968 0.10% Put
41 PRECISION DRILLING CORP 862,498 5,468 0.27%
42 POWERSHARES QQQ TRUST 486,001 51,322 2.52%
43 PDC ENERGY INC 106,450 5,753 0.28%
44 PATTERSON UTI ENERGY INC 461,442 8,664 0.43%
45 PARSLEY ENERGY CLA A 1,147,826 18,342 0.90%
46 NEWFIELD EXPL CO 554,591 19,461 0.96%
47 NABORS INDUSTRIES LTD 597,900 8,161 0.40%
48 Market Vectors Gold 102,790 1,875 0.09%
49 Mannkind 21,500,000 22,235 1.09%
50 MRC Global Inc 255,000 3,022 0.15%
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