# EDGAR Filing Document

**Accession Number:** 0001907528
**File Stem:** 0001951757-26-000825
**Filing Date:** 2026-5
**Character Count:** 9233
**Document Hash:** 8bafe7263727ccc48d106a6927f95ed9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-26-000825.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001951757-26-000825

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**EFFECTIVENESS DATE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRAHAM CAPITAL WEALTH MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001907528

**ORGANIZATION NAME:**
- **EIN:** 474907140
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22200
- **FILM NUMBER:** 26966248

**BUSINESS ADDRESS:**
- **STREET 1:** 1120 CONNECTICUT AVE. NW
- **STREET 2:** SUITE 1021
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 202-780-7726

**MAIL ADDRESS:**
- **STREET 1:** 1120 CONNECTICUT AVE. NW
- **STREET 2:** SUITE 1021
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** GRAHAM CAPITAL WEALTH MANAGEMENT LLC<br>**Address:** 1120 CONNECTICUT AVE. NW<br>SUITE 1021<br>WASHINGTON, DC 20036

**Form 13F File Number:** 028-22200

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Stash Graham<br>**Title:** Chief Compliance Officer<br>**Phone:** (202) 780-7726

**Signature, Place, and Date of Signing:**

Stash Graham  Washington, DC  05-12-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 56

**Form 13F Information Table Value Total:** $112616086

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMERICAN EXCEPTIONALISM ACQU | ORD CL A | G0273J101 |  | 8901220 | 821904 | SH |  | SOLE |  | 821904 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 6808190 | 150424 | SH |  | SOLE |  | 150424 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S 500A EQL | 46137Y609 |  | 5296284 | 141604 | SH |  | SOLE |  | 141604 | 0 | 0 |
| CMB.TECH NV | SHS | B38564108 |  | 4916772 | 388678 | SH |  | SOLE |  | 388678 | 0 | 0 |
| EAGLE FINL SVCS INC | COM | 26951R104 |  | 4793472 | 137035 | SH |  | SOLE |  | 137035 | 0 | 0 |
| SOUND FINL BANCORP INC | COM | 83607A100 |  | 4747623 | 108616 | SH |  | SOLE |  | 108616 | 0 | 0 |
| CANTOR EQUITY PARTNERS IV IN | SHS CL A | G1828E100 |  | 4741427 | 465302 | SH |  | SOLE |  | 465302 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 4423301 | 15588 | SH |  | SOLE |  | 15588 | 0 | 0 |
| BLUE RIDGE BANKSHARES INC VA | COM | 095825105 |  | 4271113 | 1016932 | SH |  | SOLE |  | 1016932 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL IND | 46137V324 |  | 4147547 | 72031 | SH |  | SOLE |  | 72031 | 0 | 0 |
| TRANSUNION | COM | 89400J107 |  | 4024506 | 58166 | SH |  | SOLE |  | 58166 | 0 | 0 |
| COASTAL FINL CORP WA | COM NEW | 19046P209 |  | 3795792 | 49879 | SH |  | SOLE |  | 49879 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 3568510 | 24684 | SH |  | SOLE |  | 24684 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 3404788 | 42060 | SH |  | SOLE |  | 42060 | 0 | 0 |
| CATALYST BANCORP INC | COMMON STOCK | 14888L101 |  | 3267040 | 197285 | SH |  | SOLE |  | 197285 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 3197391 | 90990 | SH |  | SOLE |  | 90990 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 3066004 | 56631 | SH |  | SOLE |  | 56631 | 0 | 0 |
| CENTRAL PLAINS BANCSHARES IN | COM | 15486W100 |  | 3039626 | 177652 | SH |  | SOLE |  | 177652 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 3026892 | 48963 | SH |  | SOLE |  | 48963 | 0 | 0 |
| OKEANIS ECO TANKERS COR | SHS | Y64177101 |  | 2660781 | 52595 | SH |  | SOLE |  | 52595 | 0 | 0 |
| PUBLIC POL HLDG CO INC | ORD SHS | 744430208 |  | 2467385 | 188638 | SH |  | SOLE |  | 188638 | 0 | 0 |
| CF BANKSHARES INC | COM | 12520L109 |  | 2257899 | 80899 | SH |  | SOLE |  | 80899 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 2185058 | 19611 | SH |  | SOLE |  | 19611 | 0 | 0 |
| STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 |  | 1712436 | 74551 | SH |  | SOLE |  | 74551 | 0 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 |  | 1703437 | 36328 | SH |  | SOLE |  | 36328 | 0 | 0 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 1228906 | 12584 | SH |  | SOLE |  | 12584 | 0 | 0 |
| NSTS BANCORP INC | COM | 6293JP109 |  | 1175818 | 100842 | SH |  | SOLE |  | 100842 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1171839 | 4075 | SH |  | SOLE |  | 4075 | 0 | 0 |
| LAKE SHORE BANCORP INC | COM | 510704109 |  | 1141391 | 75190 | SH |  | SOLE |  | 75190 | 0 | 0 |
| UDR INC | COM | 902653104 |  | 1100695 | 32584 | SH |  | SOLE |  | 32584 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 1036577 | 11758 | SH |  | SOLE |  | 11758 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 967194 | 3811 | SH |  | SOLE |  | 3811 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 659371 | 5399 | SH |  | SOLE |  | 5399 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 658984 | 7095 | SH |  | SOLE |  | 7095 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 605675 | 2059 | SH |  | SOLE |  | 2059 | 0 | 0 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 |  | 571439 | 11024 | SH |  | SOLE |  | 11024 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 547852 | 1480 | SH |  | SOLE |  | 1480 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 486925 | 2792 | SH |  | SOLE |  | 2792 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 470262 | 787 | SH |  | SOLE |  | 787 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 434247 | 759 | SH |  | SOLE |  | 759 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 413458 | 636 | SH |  | SOLE |  | 636 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 357528 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 353856 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 350594 | 2821 | SH |  | SOLE |  | 2821 | 0 | 0 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 327345 | 4804 | SH |  | SOLE |  | 4804 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 276925 | 842 | SH |  | SOLE |  | 842 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 262590 | 402 | SH |  | SOLE |  | 402 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 256171 | 1328 | SH |  | SOLE |  | 1328 | 0 | 0 |
| FIDELITY COVINGTON TRUST | MSCI UTILS INDEX | 316092865 |  | 239580 | 4056 | SH |  | SOLE |  | 4056 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 223375 | 837 | SH |  | SOLE |  | 837 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 218182 | 1405 | SH |  | SOLE |  | 1405 | 0 | 0 |
| DWS MUN INCOME TR | COM | 233368109 |  | 215282 | 23657 | SH |  | SOLE |  | 23657 | 0 | 0 |
| INVESCO ACTVELY MNGD ETC FD | OPTIMUM YIELD | 46090F100 |  | 206645 | 11931 | SH |  | SOLE |  | 11931 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 205761 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| OKTA INC | NOTE 0.375% 6/1 | 679295AF2 |  | 17820 | 18000 | PRN |  | SOLE |  | 18000 | 0 | 0 |
| ETSY INC | NOTE 0.125% 9/0 | 29786AAL0 |  | 9305 | 10000 | PRN |  | SOLE |  | 10000 | 0 | 0 |

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