Private company

Graham Capital Management, L.P.

American company, incorporated in Delaware. Summary from the record

Last updated Oct 21, 2026.

Overview

  • HeadquartersDE1

Corporate structure

Graham Capital Management, L.P. is part of a group headed by Kgt Investment Partners, L.P.. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Graham Capital Management, L.P.

  • Kgt Capital Limited Partnership Owns 75% or more of Kgt Investment, since 06/1994 (Form ADV)
  • Kgt, Inc. Owns 75% or more of Kgt Gp LLC, since 01/2025 (Form ADV)
  • Kenneth G Tropin Owns control (general partner, trustee or manager) of Kenneth G., since 06/1994 (Form ADV)
  • Kenneth G. Tropin Revocable Trust Owns 75% or more of Kgt, Inc., since 06/1994 (Form ADV)
  • The Kenneth G. Tropin Family Owns 25% to 50% of Kgt Capital, since 08/2020 (Form ADV)
  • Paul George Sedlack Owns control (general partner, trustee or manager) of The Kenneth G., since 08/2020 (Form ADV)
  • Bachir P Karam Owns control (general partner, trustee or manager) of The Kenneth G., since 08/2020 (Form ADV)

Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (3 companies); owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Investment adviser

Graham Capital Management, L.P. is registered with the SEC as an investment adviser. This is what it reports on Form ADV, the registration every adviser files and keeps current.

  • Assets it manages$42.9B2 35 accounts, all with discretion
  • Employees209 98 in investment advice or research
  • ClientsPooled investment vehicles (other than investment companies and: 28 ($42.9B); Investment companies: 7
  • How it is paidA percentage of assets under its management; Performance-based fees; Other: PASS THROUGH EXPENSE REIMBURSEMENT
  • What it doesPortfolio management for investment companies; Portfolio management for pooled investment vehicles (other than investment companies)
  • Holds client assetsYes: cash and securities
  • RegistrationSEC 801-73422, CRD 160925 IAPD record

Who owns it

Owners of 5% or more as the firm lists them (Schedule A), and the owners of those owners up the chain (Schedule B).

  • KGT INVESTMENT PARTNERS, L.P.owns 75% or more, since 06/1994
  • Bachir P Karamowns general partner, trustee or manager of THE KENNETH G., since 08/2020
  • Paul George Sedlackowns general partner, trustee or manager of THE KENNETH G., since 08/2020
  • Kenneth G Tropinowns general partner, trustee or manager of KENNETH G., since 06/1994
  • KENNETH G. TROPIN REVOCABLE TRUSTowns 75% or more of KGT, INC., since 06/1994
  • KGT CAPITAL LIMITED PARTNERSHIPowns 75% or more of KGT INVESTMENT, since 06/1994
  • KGT, INC.owns 75% or more of KGT GP LLC, since 01/2025
  • THE KENNETH G. TROPIN FAMILYowns 25% to 50% of KGT CAPITAL, since 08/2020

Filings

23 filings to the SEC since October 2021: 23 other. The latest 20:

  1. Aug 28, 2026N-PX EDGAR
  2. Aug 14, 202613F-HR EDGAR
  3. May 15, 202613F-HR EDGAR
  4. Feb 17, 202613F-HR EDGAR
  5. Nov 14, 202513F-HR EDGAR
  6. Aug 29, 2025N-PX EDGAR
  7. Aug 14, 202513F-HR EDGAR
  8. May 15, 202513F-HR EDGAR
  9. Feb 14, 202513F-HR EDGAR
  10. Nov 14, 202413F-HR EDGAR
  11. Aug 30, 2024N-PX EDGAR
  12. Aug 14, 202413F-HR EDGAR
  13. May 15, 202413F-HR EDGAR
  14. Feb 14, 202413F-HR EDGAR
  15. Nov 22, 202313F-HR EDGAR
  16. Aug 14, 202313F-HR EDGAR
  17. May 15, 202313F-HR EDGAR
  18. Feb 14, 202313F-HR EDGAR
  19. Nov 14, 202213F-HR EDGAR
  20. Aug 15, 202213F-HR EDGAR

The 23 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Stakes it holds

Graham Capital Management, L.P. has told the SEC it owns more than 5% of 3 companies, latest first (Schedules 13D and 13G).