Investment adviser · CRD 160925

GRAHAM CAPITAL MANAGEMENT, L.P.

Investment adviser filing (IA)

ROWAYTON, CT, United States · Form ADV filed Jul 7, 2026

Regulatory AUM: $42.9B
Client accounts: 35
Employees: 209
Advisory professionals: 98

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	28	$42,865,979,000	100.0%
Investment companies	7	$0	0.0%

Filing source

Form ADV 2117692 · Jul 7, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

41 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

GRAHAM MACRO STRATEGIC LTD.Hedge Fund · Last reported Jul 7, 2026$31.1BGross asset value

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian BANK OF AMERICA NA NEW YORK, New York, United States Related to adviser: No

Custodian BARCLAYS BANK PLC LONDON, United Kingdom Related to adviser: No

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian BARCLAYS CAPITAL SECURITIES LIMITED LONDON, United Kingdom Related to adviser: No

Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: Yes

Custodian SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No

Custodian SOCIETE GENERALE SA NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No

Prime broker BANK OF AMERICA NA NEW YORK, New York, United States

Prime broker BARCLAYS BANK PLC LONDON, United Kingdom

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker BARCLAYS CAPITAL SECURITIES LIMITED LONDON, United Kingdom

Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Prime broker SG AMERICAS SECURITIES, LLC NEW YORK, New York, United States

Prime broker SOCIETE GENERALE SA NEW YORK, New York, United States

Prime broker WELLS FARGO SECURITIES, LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BANK OF AMERICA NA
LEI B4TYDEB6GKMZO031MB27

BARCLAYS BANK PLC
LEI G5GSEF7VJP5I7OUK5573

BARCLAYS CAPITAL INC.
SEC 8-41342

BOFA SECURITIES, INC.
SEC 8-69787

MORGAN STANLEY & CO. LLC
SEC 8-15869

SG AMERICAS SECURITIES, LLC
SEC 8-66125

SOCIETE GENERALE SA
LEI 254900J6B390XMPVLV82

WELLS FARGO SECURITIES, LLC
SEC 8-65876

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

SG AMERICAS SECURITIES, LLC
CRD 128351 · SEC 8-66125

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source

Fund ID: 805-1108323941
Reported beneficial owners: 7
Minimum commitment: $0

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRAHAM CASH ASSETS LLCLiquidity Fund · Last reported Jul 7, 2026$7.13BGross asset value

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian BANK OF AMERICA, N.A. NEW YORK, New York, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO BANK , N.A. SAN FRANCISCO, California, United States Related to adviser: No

Prime broker BANK OF AMERICA, N.A. NEW YORK, New York, United States

Prime broker JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE

WELLS FARGO BANK , N.A.
LEI KB1H1DSPRFMYMCUFXT09

Fund details & source

Fund ID: 805-8311245510
Reported beneficial owners: 48
Minimum commitment: $0

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRAHAM MARKET NEUTRAL QUANTITATIVE EQUITIES LTD.Hedge Fund · Last reported Jul 7, 2026$1.39BGross asset value

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian BANC OF AMERICA SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian BARCLAYS BANK PLC LONDON, United Kingdom Related to adviser: No

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker BANC OF AMERICA SECURITIES LLC NEW YORK, New York, United States

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BANC OF AMERICA SECURITIES LLC
SEC 8-42263

BARCLAYS BANK PLC
LEI G5GSEF7VJP5I7OUK5573

BARCLAYS CAPITAL INC.
SEC 8-41342

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MORGAN STANLEY & CO. LLC
SEC 8-15869

BANC OF AMERICA SECURITIES LLC
CRD 26091 · SEC 8-42263

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-2659526393
Reported beneficial owners: 5
Minimum commitment: $0

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRAHAM CREDIT OPPORTUNITIES LTD.Hedge Fund · Last reported Jul 7, 2026$378MGross asset value

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO SECURITIES, LLC NEW YORK, New York, United States Related to adviser: No

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker WELLS FARGO SECURITIES, LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BARCLAYS CAPITAL INC.
SEC 8-41342

WELLS FARGO SECURITIES, LLC
SEC 8-65876

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source

Fund ID: 805-7395512767
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRAHAM DIVERSIFIED ALPHA FUND I LTD.Hedge Fund · Last reported Jul 7, 2026$286MGross asset value

Feeder funds

GRAHAM DIVERSIFIED ALPHA FUND II LTD.

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-7869471179
Reported beneficial owners: 2
Minimum commitment: $500M

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRAHAM MULTI-STRATEGY TRADING LTD.Hedge Fund · Last reported Jul 7, 2026$235MGross asset value

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian BARCLAYS BANK PLC LONDON, United Kingdom Related to adviser: No

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BARCLAYS BANK PLC
LEI G5GSEF7VJP5I7OUK5573

BARCLAYS CAPITAL INC.
SEC 8-41342

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

Fund details & source

Fund ID: 805-2312698731
Reported beneficial owners: 8
Minimum commitment: $0

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GRAHAM ABSOLUTE RETURN TRADING LTD.Hedge Fund · Last reported Jul 7, 2026$161MGross asset value

Form D fundraising filings

Graham Absolute Return Trading Ltd.

Feeder funds

GRAHAM ABSOLUTE RETURN LTD.

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer MORGAN STANLEY PURCHASE, New York, United States Related to adviser: No

Marketer UBS FINANCIAL SERVICES INC. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

MORGAN STANLEY
CRD 149777 · SEC 801-70103

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163

Fund details & source

Fund ID: 805-9658624380
Reported beneficial owners: 1,911
Minimum commitment: $250K
Form D file number: 021-208208

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 7, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

40 HIGHLAND AVENUE
ROWAYTON, CT, 06853, United States

CRD 160925

Filing source

Form ADV 2117692 · Jul 7, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.