GRAHAM HLDGS CO GHC
COM CL B · Common Stock · CUSIP 384637104 · ISIN US3846371041
Diversified American conglomerate
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($8.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1141.53.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 252 |
| Q4 2022 | 271 |
| Q1 2023 | 260 |
| Q2 2023 | 251 |
| Q3 2023 | 248 |
| Q4 2023 | 246 |
| Q1 2024 | 247 |
| Q2 2024 | 250 |
| Q3 2024 | 262 |
| Q4 2024 | 286 |
| Q1 2025 | 295 |
| Q2 2025 | 310 |
| Q3 2025 | 325 |
| Q4 2025 | 350 |
| Q1 2026 | 331 |
| Q2 2026 | 337 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 98 | 125 |
| Q4 2024 | 115 | 122 |
| Q1 2025 | 139 | 116 |
| Q2 2025 | 140 | 121 |
| Q3 2025 | 144 | 143 |
| Q4 2025 | 148 | 146 |
| Q1 2026 | 139 | 154 |
| Q2 2026 | 142 | 136 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +36.6k |
| BlackRock, Inc. | Added | +9.6k |
| UBS Group AG | Added | +8.4k |
| ALGERT GLOBAL LLC | Added | +7.3k |
| STATE STREET CORP | Added | +3.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +3.2k |
| Allspring Global Investments Holdings, LLC | Added | +2.7k |
| Quadrature Capital Ltd | Added | +2.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +2.6k |
| SEIZERT CAPITAL PARTNERS, LLC | Added | +2.5k |
Biggest sellers
| HENNESSY ADVISORS INC | Sold out | -9.0k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | Reduced | -8.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -7.1k |
| CITADEL ADVISORS LLC | Reduced | -6.8k |
| DEUTSCHE BANK AG\ | Reduced | -5.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -3.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -3.3k |
| FMR LLC | Reduced | -3.3k |
| Kingsview Wealth Management, LLC | Sold out | -3.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Sold out | -2.9k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-29 | 11.7% |
| Madison Avenue Partners, LP 13G · passive investor new · filed 2026-08-14 | 7.5% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2026-01-21 | 7.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), Weymouth Elizabeth G. (0.0%, 2025-11-13)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $358.8k | — |
| Q1 2025 | 0 | — | 1 | $140.1k | $140.1k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $6.6k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 425.3k $485.4m | Added +9.6k |
| Madison Avenue Partners, LP 12.11% of their portfolio | 246.4k $281.2m | Added +539 |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 237.0k $270.5m | Added +2.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 174.8k $199.5m | Added +865 |
| Wallace Capital Management Inc. 19.57% of their portfolio | 156.4k $178.5m | Added +1.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 144.6k $165.0m | Reduced -1.0k |
| STATE STREET CORP 0.00% of their portfolio | 127.8k $145.9m | Added +3.2k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 92.5k $105.5m | Reduced -42 |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 91.0k $103.9m | Added +3.2k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 90.1k $102.9m | Reduced -2.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 64.6k $73.8m | Added +36.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 42.0k $47.9m | Added +1.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 40.8k $46.6m | Reduced -3.3k |
| MORGAN STANLEY 0.00% of their portfolio | 37.4k $42.7m | Added +884 |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 29.2k $33.4m | Reduced -46 |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 1.74% of their portfolio | 29.2k $33.3m | Reduced -8.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 28.0k $31.9m | Reduced -1.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 27.8k $32.3m | Added +2.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 27.4k $31.3m | Reduced -3.8k |
| Invesco Ltd. 0.00% of their portfolio | 24.9k $28.4m | Reduced -548 |
| LONDON CO OF VIRGINIA 0.15% of their portfolio | 23.0k $26.3m | Reduced -1.1k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 21.9k $25.0m | Added +152 |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 21.8k $24.9m | Reduced -598 |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 18.5k $21.7m | Added +2.7k |
| SEIZERT CAPITAL PARTNERS, LLC 0.72% of their portfolio | 15.2k $17.4m | Added +2.5k |
| State of Alaska, Department of Revenue 0.17% of their portfolio | 14.7k $16.7m | Reduced -1.6k |
| UBS Group AG 0.00% of their portfolio | 13.6k $15.5m | Added +8.4k |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 13.3k $15.1m | Added +7.3k |
| GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio | 13.1k $14.9m | Reduced -380 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 12.9k $14.7m | Reduced -404 |
| Bronte Capital Management Pty Ltd. 1.47% of their portfolio | 11.5k $13.1m | Reduced -1.3k |
| Pathstone Holdings, LLC 0.04% of their portfolio | 11.3k $12.9m | Added +24 |
| THOMPSON SIEGEL & WALMSLEY LLC 0.22% of their portfolio | 10.8k $12.3m | Reduced -1.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 10.5k $12.0m | Added +298 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 9.6k $10.9m | Reduced -2.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 9.4k $10.0m | Added +120 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 9.3k $10.6m | Reduced -90 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 9.2k $10.5m | Added +130 |
| GABELLI FUNDS LLC 0.07% of their portfolio | 9.0k $10.3m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 8.8k $10.1m | Reduced -125 |
| LEE DANNER & BASS INC 0.58% of their portfolio | 8.8k $10.0m | Reduced -400 |
| Edgestream Partners, L.P. 0.29% of their portfolio | 8.4k $9.6m | Reduced -1.7k |
| Nuveen, LLC 0.00% of their portfolio | 7.9k $9.0m | Added +537 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 7.1k $8.1m | Reduced -406 |
| Quantinno Capital Management LP 0.01% of their portfolio | 6.9k $7.8m | Added +810 |
| Vest Financial, LLC 0.08% of their portfolio | 6.7k $7.7m | Added +125 |
| Swiss National Bank 0.00% of their portfolio | 6.5k $7.4m | Added +80 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 5.8k $6.7m | Added +2.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 5.7k $6.5m | Reduced -28 |
| Creative Planning 0.00% of their portfolio | 5.5k $6.2m | Added +408 |
| Markel Group Inc. 0.05% of their portfolio | 5.2k $5.9m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 4.6k $5.2m | Reduced -57 |
| Quadrature Capital Ltd 0.04% of their portfolio | 4.3k $4.9m | Added +2.7k |
| VELA Investment Management, LLC 1.20% of their portfolio | 4.3k $4.9m | Reduced -35 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.3k $4.9m | Reduced -858 |
| Lafayette Investments, Inc. 0.89% of their portfolio | 4.2k $4.8m | Reduced -6 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 4.2k $4.8m | Reduced -322 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 4.1k $4.6m | Added +560 |
| CITIGROUP INC 0.00% of their portfolio | 4.0k $4.5m | Added +1.4k |
| Linden Thomas Advisory Services, LLC 0.35% of their portfolio | 3.8k $4.3m | Added +259 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 3.8k $4.3m | Reduced -164 |
| XTX Topco Ltd 0.06% of their portfolio | 3.8k $4.3m | Added +1.8k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 3.6k $4.2m | Added +34 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 3.6k $4.1m | Added +95 |
| Retirement Systems of Alabama 0.01% of their portfolio | 3.5k $3.9m | Reduced -709 |
| Insight Inv LLC 1.85% of their portfolio | 3.4k $3.9m | Added +53 |
| MetLife Investment Management, LLC 0.02% of their portfolio | 3.4k $3.9m | Added +38 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 3.4k $3.9m | Reduced -5.4k |
| Mraz, Amerine & Associates, Inc. 0.55% of their portfolio | 3.4k $3.8m | Reduced -86 |
| Susquehanna Portfolio Strategies, LLC 0.06% of their portfolio | 3.3k $3.8m | Unchanged |
| ALPS ADVISORS INC 0.02% of their portfolio | 3.2k $3.7m | Added +121 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 3.2k $3.7m | Added +1.6k |
| BARCLAYS PLC 0.00% of their portfolio | 3.2k $3.6m | Reduced -1.2k |
| Eagle Strategies LLC 0.36% of their portfolio | 3.2k $3.6m | Added +5 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 3.0k $3.4m | Reduced -84 |
| BEACON INVESTMENT ADVISORS LLC 1.04% of their portfolio | 2.9k $3.3m | Added +1 |
| MARTINGALE ASSET MANAGEMENT L P 0.08% of their portfolio | 2.9k $3.3m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 2.8k $3.2m | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 2.8k $3.2m | Added +162 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 2.7k $3.1m | Reduced -1.2k |
| CenterBook Partners LP 0.15% of their portfolio | 2.7k $3.1m | Added +1.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 2.6k $3.0m | Reduced -1.1k |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 2.6k $2.9m | Unchanged |
| AMI INVESTMENT MANAGEMENT INC 0.62% of their portfolio | 2.6k $2.9m | Reduced -208 |
| Cerity Partners LLC 0.00% of their portfolio | 2.5k $2.9m | Added +251 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 2.2k $2.5m | Reduced -6.8k |
| Autumn Glory Partners, LLC 0.70% of their portfolio | 2.2k $2.5m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 2.2k $2.5m | Reduced -319 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 2.1k $2.4m | Added +1.4k |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.35% of their portfolio | 2.1k $2.4m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 2.0k $2.3m | Added +436 |
| Cohen Klingenstein LLC 0.07% of their portfolio | 2.0k $2.3m | Unchanged |
| TBH Global Asset Management, LLC 0.41% of their portfolio | 2.0k $2.3m | Reduced -214 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 2.0k $2.2m | Reduced -62 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 2.0k $2.2m | Added +467 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 1.9k $2.2m | Added +14 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 1.9k $2.2m | Reduced -2.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.9k $2.1m | Reduced -7.1k |
| KLP KAPITALFORVALTNING AS 0.01% of their portfolio | 1.8k $2.1m | Added +110 |
| DENALI ADVISORS LLC 0.21% of their portfolio | 1.8k $2.1m | Unchanged |