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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $571.54.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 252 |
| Q4 2022 | 271 |
| Q1 2023 | 260 |
| Q2 2023 | 251 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 118 | 103 |
| Q1 2023 | 97 | 135 |
| Q2 2023 | 96 | 135 |
Biggest buyers
| IVY LANE CAPITAL MANAGEMENT, LLC | New | +8.0k |
| Wallace Capital Management Inc. | Added | +7.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +6.9k |
| DEUTSCHE BANK AG\ | Added | +6.5k |
| Cubist Systematic Strategies, LLC | New | +5.4k |
| Illinois Municipal Retirement Fund | New | +4.6k |
| Qube Research & Technologies Ltd | Added | +4.1k |
| JANE STREET GROUP, LLC | New | +3.7k |
| WINTON GROUP Ltd | Added | +3.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +3.3k |
Biggest sellers
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -219.8k |
| Capital Research Global Investors | Sold out | -25.0k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | Reduced | -24.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -21.0k |
| Brandywine Global Investment Management, LLC | Reduced | -13.1k |
| Nuveen Asset Management, LLC | Reduced | -8.2k |
| JPMORGAN CHASE & CO | Reduced | -8.0k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -7.3k |
| Man Group plc | Sold out | -6.8k |
| VANGUARD GROUP INC | Reduced | -4.4k |
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)
Insider purchases and sales in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 3 | $105.6k | 1 | $77.4k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $55.6k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $123.1k | — |
| Q2 2023 | 1 | $58.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-09 | GAYNER THOMAS SINNICKSON Director | Bought | $58.2k100 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 454.6k $259.8m | Reduced -3.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 368.8k $210.8m | Reduced -4.4k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 294.7k $168.4m | Reduced -3.0k |
| Madison Avenue Partners, LP 25.00% of their portfolio | 200.5k $114.6m | Added +100 |
| Wallace Capital Management Inc. 15.52% of their portfolio | 176.0k $100.6m | Added +7.1k |
| STATE STREET CORP 0.00% of their portfolio | 129.2k $73.9m | Reduced -3.9k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 1.81% of their portfolio | 89.8k $51.3m | Reduced -24.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 75.6k $43.2m | Added +3.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 66.9k $38.2m | Reduced -694 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 54.4k $31.1m | Reduced -368 |
| NORTHERN TRUST CORP 0.01% of their portfolio | 46.1k $26.4m | Reduced -676 |
| Invesco Ltd. 0.01% of their portfolio | 44.0k $25.2m | Reduced -3.0k |
| Select Equity Group, L.P. 0.09% of their portfolio | 40.0k $22.8m | Reduced -1.6k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.33% of their portfolio | 36.3k $20.7m | Added +2.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 32.4k $18.5m | Reduced -21.0k |
| NORGES BANK 0.00% of their portfolio | 32.0k $18.3m | Reduced -1.8k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 31.1k $17.8m | Added +2.8k |
| MORGAN STANLEY 0.00% of their portfolio | 27.1k $15.5m | Reduced -321 |
| SEIZERT CAPITAL PARTNERS, LLC 0.80% of their portfolio | 26.0k $14.8m | Reduced -1.2k |
| Bronte Capital Management Pty Ltd. 1.33% of their portfolio | 24.1k $13.8m | Added +195 |
| LONDON CO OF VIRGINIA 0.07% of their portfolio | 23.1k $13.2m | Added +212 |
| Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio | 22.4k $12.8m | Added +569 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 20.4k $11.6m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 19.0k $10.9m | Reduced -870 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 17.9k $10.2m | Reduced -8.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 16.0k $9.2m | Reduced -7.3k |
| GAMCO INVESTORS, INC. ET AL 0.10% of their portfolio | 16.0k $9.2m | Added +745 |
| State of Alaska, Department of Revenue 0.11% of their portfolio | 15.6k $8.9m | Reduced -58 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 14.3k $8.2m | Reduced -922 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 13.9k $7.9m | Added +340 |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 13.1k $7.5m | Reduced -13.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 12.3k $7.0m | Added +6.9k |
| PATHSTONE FAMILY OFFICE, LLC 0.09% of their portfolio | 10.9k $6.2m | Reduced -1 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 10.6k $6.1m | Added +6.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 9.4k $5.4m | Reduced -8.2k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 9.3k $5.3m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 8.9k $5.1m | Reduced -281 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 8.7k $5.0m | Reduced -1.0k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 8.6k $4.9m | Reduced -2.0k |
| IVY LANE CAPITAL MANAGEMENT, LLC 3.37% of their portfolio | 8.0k $4.6m | New |
| Swiss National Bank 0.00% of their portfolio | 7.9k $4.5m | Reduced -400 |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 7.7k $4.4m | Added +2.7k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 7.5k $4.3m | Reduced -209 |
| AMI INVESTMENT MANAGEMENT INC 1.77% of their portfolio | 7.0k $4.0m | Reduced -1.3k |
| VELA Investment Management, LLC 1.84% of their portfolio | 7.0k $4.0m | Reduced -970 |
| DENALI ADVISORS LLC 1.36% of their portfolio | 6.8k $3.9m | Reduced -4 |
| Bridgewater Associates, LP 0.02% of their portfolio | 6.5k $3.7m | Reduced -1.1k |
| WINTON GROUP Ltd 0.30% of their portfolio | 6.3k $3.6m | Added +3.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 6.3k $3.6m | Added +4.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 6.2k $3.5m | Reduced -2.7k |
| Legal & General Group Plc 0.00% of their portfolio | 6.1k $3.5m | Added +128 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 5.9k $3.4m | Reduced -372 |
| ALGERT GLOBAL LLC 0.15% of their portfolio | 5.9k $3.4m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 5.6k $3.2m | Reduced -93 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 5.5k $3.1m | Reduced -3.5k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 5.5k $3.1m | Added +1.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 5.4k $3.1m | Added +494 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 5.4k $3.1m | Reduced -100 |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 5.4k $3.1m | New |
| Markel Group Inc. 0.04% of their portfolio | 5.2k $3.0m | Unchanged |
| LEE DANNER & BASS INC 0.25% of their portfolio | 5.1k $2.9m | Unchanged |
| Retirement Systems of Alabama 0.01% of their portfolio | 4.9k $2.8m | Reduced -145 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 4.8k $2.7m | Reduced -1.4k |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 4.7k $2.7m | Reduced -751 |
| Illinois Municipal Retirement Fund 0.05% of their portfolio | 4.6k $2.6m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.6k $2.6m | Reduced -500 |
| Lafayette Investments, Inc. 0.69% of their portfolio | 4.6k $2.6m | Reduced -65 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 4.5k $2.5m | Reduced -40 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 4.4k $2.5m | Added +335 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 4.4k $2.5m | Reduced -314 |
| UBS Group AG 0.00% of their portfolio | 4.4k $2.5m | Added +1.1k |
| Cetera Investment Advisers 0.02% of their portfolio | 4.4k $2.5m | Added +1.1k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 4.1k $2.4m | Reduced -84 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 4.1k $2.3m | Reduced -155 |
| Mraz, Amerine & Associates, Inc. 0.52% of their portfolio | 3.8k $2.2m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 3.8k $2.3m | Unchanged |
| Cohen Klingenstein LLC 0.09% of their portfolio | 3.8k $2.2m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 3.7k $2.1m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 3.7k $2.1m | Reduced -936 |
| West Family Investments, Inc. 0.77% of their portfolio | 3.5k $2.0m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 3.4k $2.0m | Reduced -2.0k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 3.3k $1.9m | Reduced -115 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 3.1k $1.8m | Added +479 |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 3.0k $1.7m | Reduced -1.7k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 3.0k $1.7m | Added +1.9k |
| BARCLAYS PLC 0.00% of their portfolio | 3.0k $1.7m | Added +34 |
| BEACON INVESTMENT ADVISORS LLC 1.15% of their portfolio | 3.0k $1.7m | Reduced -56 |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 2.9k $1.7m | Unchanged |
| Insight Inv LLC 1.62% of their portfolio | 2.8k $1.6m | Unchanged |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 2.8k $1.6m | Reduced -338 |
| Roundview Capital LLC 0.15% of their portfolio | 2.7k $1.6m | Unchanged |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.27% of their portfolio | 2.6k $1.5m | Unchanged |
| TBH Global Asset Management, LLC 0.29% of their portfolio | 2.6k $1.5m | Added +41 |
| Soltis Investment Advisors LLC 0.17% of their portfolio | 2.5k $1.4m | Added +1.0k |
| Creative Planning 0.00% of their portfolio | 2.5k $1.4m | Reduced -7 |
| Simplicity Solutions, LLC 0.04% of their portfolio | 2.4k $1.4m | Added +9 |
| Bleakley Financial Group, LLC 0.04% of their portfolio | 2.4k $1.4m | Added +9 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 2.4k $1.4m | Reduced -23 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.4k $1.3m | Added +681 |
| Quadrature Capital Ltd 0.03% of their portfolio | 2.3k $1.3m | New |