Ken Tropin's portfolio
In the Q2 2026 13F, filed August 14, 2026, Graham Capital Management reported 1137 US stock positions worth $2.6B. The largest was NVIDIA (NVDA) at 3.2% of the portfolio. New positions: Keel Infrastructure (KEEL), Super Micro Computer (SMCI 7 06/01/29) and Travere Therapeutics (TVTX). Added to: NVIDIA (NVDA) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Keel InfrastructureKEEL$38M
- Super Micro ComputerSMCI 7 06/01/29$26M
- Travere TherapeuticsTVTX$25M
- Eos Energy EnterprisesEOSE$21M
- Spdr S&P 500 ETF TrustSPY$21M
- BroadcomAVGO$19M
- Cerebras SystemsCBRS$12M
- NiSourceNI$11M
- Berkshire Hathaway Inc-Cl BBRK/B$9M
- T-Mobile USTMUS$8M
Added to
Trimmed
- Amazon.comAMZN$75M
- AlphabetGOOG$58M
- CitigroupC$48M
- Cipher DigitalCIFR$37M
- Micron TechnologyMU$26M
- IntelINTC$24M
- First SolarFSLR$23M
- BoeingBA$23M
- iShares MSCI South Korea ETFEWY$23M
- Invesco S&P 500® Equal Weight ETFRSP$23M
Sold out
None this quarter.
Holdings
1137 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| NVIDIANVDA | 3.15% | $82M | 411,680 | Added |
| Amazon.comAMZN | 2.87% | $75M | 314,943 | Trimmed |
| AlphabetGOOG | 2.20% | $58M | 162,787 | Trimmed |
| CitigroupC | 1.83% | $48M | 341,021 | Trimmed |
| iShares iBoxx $ High Yield Corporate Bond ETFHYG | 1.47% | $38M | 478,500 | Added |
| Keel InfrastructureKEEL | 1.45% | $38M | 6,611,174 | New |
| Cipher DigitalCIFR | 1.42% | $37M | 1,510,141 | Trimmed |
| EmbraerEMBJ | 1.23% | $32M | 504,172 | Added |
| State StreetSTT | 1.18% | $31M | 253,421 | Added |
| Meta PlatformsMETA | 1.08% | $28M | 50,076 | Added |
| Micron TechnologyMU | 1.01% | $26M | 22,779 | Trimmed |
| Super Micro ComputerSMCI 7 06/01/29 | 0.98% | $26M | 500,000 | New |
| Travere TherapeuticsTVTX | 0.97% | $25M | 446,696 | New |
| Select Sector Spdr Tr | 0.94% | $25M | 155,000 | Held |
| BlockXYZ | 0.93% | $24M | 318,609 | Added |
| IntelINTC | 0.92% | $24M | 171,262 | Trimmed |
| First SolarFSLR | 0.90% | $23M | 99,200 | Trimmed |
| BoeingBA | 0.89% | $23M | 107,864 | Trimmed |
| Palo Alto NetworksPANW | 0.88% | $23M | 67,110 | Added |
| iShares MSCI South Korea ETFEWY | 0.87% | $23M | 112,004 | Trimmed |
| Invesco S&P 500® Equal Weight ETFRSP | 0.86% | $23M | 106,000 | Trimmed |
| Coca-ColaKO | 0.83% | $22M | 267,554 | Added |
| Eos Energy EnterprisesEOSE | 0.80% | $21M | 3,566,446 | New |
| Spdr S&P 500 ETF TrustSPY | 0.80% | $21M | 27,900 | New |
| Spdr Series Trust | 0.77% | $20M | 268,000 | Held |
| BroadcomAVGO | 0.72% | $19M | 50,016 | New |
| CMECME | 0.71% | $19M | 84,553 | Added |
| Ishares Tr | 0.71% | $19M | 62,000 | Held |
| XLEXLE | 0.71% | $19M | 350,000 | Added |
| iShares MSCI Brazil ETFEWZ | 0.61% | $16M | 462,000 | Trimmed |
| Costco WholesaleCOST | 0.60% | $16M | 16,688 | Added |
| OktaOKTA | 0.60% | $16M | 114,400 | Trimmed |
| Sherwin-WilliamsSHW | 0.58% | $15M | 44,299 | Added |
| iShares MSCI Mexico ETFEWW | 0.55% | $14M | 192,048 | Trimmed |
| IDEXIEX | 0.52% | $14M | 59,798 | Trimmed |
| Select Sector Spdr Tr | 0.47% | $12M | 66,240 | Held |
| CloudflareNET | 0.46% | $12M | 49,237 | Trimmed |
| Lowe's CompaniesLOW | 0.44% | $12M | 52,565 | Added |
| Cerebras SystemsCBRS | 0.44% | $12M | 52,420 | New |
| Select Sector Spdr Tr | 0.44% | $11M | 225,000 | Held |
| MongoDBMDB | 0.43% | $11M | 33,561 | Added |
| Home DepotHD | 0.43% | $11M | 31,921 | Added |
| NiSourceNI | 0.41% | $11M | 223,547 | New |
| MastercardMA | 0.40% | $10M | 20,169 | Trimmed |
| Hilton WorldwideHLT | 0.39% | $10M | 30,466 | Added |
| RTXRTX | 0.38% | $10M | 52,871 | Added |
| FortiveFTV | 0.38% | $10M | 163,335 | Added |
| Enphase EnergyENPH | 0.38% | $10M | 199,018 | Added |
| Opendoor TechnologiesOPEN | 0.38% | $10M | 2,120,412 | Trimmed |
| GE AerospaceGE | 0.37% | $10M | 25,900 | Added |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Ken Tropin own?
In the Q2 2026 13F, Graham Capital Management reported 1137 US stock positions worth $2.6B. The largest: NVIDIA (NVDA) 3.2%, Amazon.com (AMZN) 2.9%, Alphabet (GOOG) 2.2%, Citigroup (C) 1.8%, iShares iBoxx $ High Yield Corporate Bond ETF (HYG) 1.5%.
What did Ken Tropin buy last quarter?
In Q2 2026: new position in Keel Infrastructure (KEEL); new position in Super Micro Computer (SMCI 7 06/01/29); new position in Travere Therapeutics (TVTX); added to NVIDIA (NVDA); added to iShares iBoxx $ High Yield Corporate Bond ETF (HYG); added to Embraer (EMBJ).
What did Ken Tropin sell last quarter?
In Q2 2026: cut Amazon.com (AMZN); cut Alphabet (GOOG); cut Citigroup (C).
When is Ken Tropin's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.