Vault-13

GRAHAM HLDGS CO GHC

COM CL B · Common Stock · CUSIP 384637104 · ISIN US3846371041

Diversified American conglomerate

251 institutional holders -9 vs Q1 2023
2,904,9062.9m shares reported held*
$1.7bnreported value*
23 new 73 added 104 reduced 31 sold out net sold ≈ $57.9m (-314.2k shares)

* 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

0100200300Q3 22: 252Q4 22: 271Q1 23: 260Q2 23: 251251Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022252
Q4 2022271
Q1 2023260
Q2 2023251

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 118 bought or addedQ4 22: 103 cut or sold outQ4 22Q1 23: 97 bought or addedQ1 23: 135 cut or sold outQ1 23Q2 23: 96 bought or addedQ2 23: 135 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022118103
Q1 202397135
Q2 202396135

Biggest buyers

IVY LANE CAPITAL MANAGEMENT, LLC New +8,000+8.0k
Wallace Capital Management Inc. Added +7,092+7.1k
MILLENNIUM MANAGEMENT LLC Added +6,943+6.9k
DEUTSCHE BANK AG\ Added +6,472+6.5k
Cubist Systematic Strategies, LLC New +5,354+5.4k
Illinois Municipal Retirement Fund New +4,612+4.6k
Qube Research & Technologies Ltd Added +4,120+4.1k
JANE STREET GROUP, LLC New +3,668+3.7k
WINTON GROUP Ltd Added +3,650+3.6k
GEODE CAPITAL MANAGEMENT, LLC Added +3,311+3.3k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -219,762-219.8k
Capital Research Global Investors Sold out -25,000-25.0k
SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Reduced -24,207-24.2k
GOLDMAN SACHS GROUP INC Reduced -20,996-21.0k
Brandywine Global Investment Management, LLC Reduced -13,104-13.1k
Nuveen Asset Management, LLC Reduced -8,174-8.2k
JPMORGAN CHASE & CO Reduced -7,992-8.0k
ACADIAN ASSET MANAGEMENT LLC Reduced -7,312-7.3k
Man Group plc Sold out -6,803-6.8k
VANGUARD GROUP INC Reduced -4,408-4.4k

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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-29 11.7% 397.1k≈ $453.3m 2025-04-29
Madison Avenue Partners, LP 13G · passive investor new · filed 2026-08-14 7.5% new 246.4k≈ $281.2m 2026-08-14
DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2026-01-21 7.0% 237.6k≈ $271.2m 2026-01-21
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.2% new 175.5k≈ $200.3m 2026-04-29
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.0% new 170.9k≈ $195.1m 2026-04-30

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)

BuyingSelling
404Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 3 buyingQ4 21: 1 sellingQ4 21Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 0 sellingQ2 22Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 1 sellingQ2 23: 1 buyingQ2 23: 0 sellingQ2 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20210—0——
Q4 20213$105.6k1$77.4k—
Q1 20220—0——
Q2 20220—0——
Q3 20221$55.6k0——
Q4 20220—0——
Q1 20230—1$123.1k—
Q2 20231$58.2k0——
DateInsiderTradeSharesPrice ValueTheir holding
2023-05-09 GAYNER THOMAS SINNICKSON Director Bought 100 $581.63 $58.2k100 shares +2%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.01% of their portfolio New York, NY 454,600454.6k $259.8m $259.8m 0.01% Reduced -3.5k -3,550
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 368,794368.8k $210.8m $210.8m 0.00% Reduced -4.4k -4,408
3 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 294,668294.7k $168.4m $168.4m 0.05% Reduced -3.0k -2,965
4 Madison Avenue Partners, LP 25.00% of their portfolio NEW YORK, NY 200,484200.5k $114.6m $114.6m 25.00% Added +100 +100
5 Wallace Capital Management Inc. 15.52% of their portfolio DALLAS, TX 175,954176.0k $100.6m $100.6m 15.52% Added +7.1k +7,092
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 129,227129.2k $73.9m $73.9m 0.00% Reduced -3.9k -3,919
7 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 1.81% of their portfolio MEMPHIS, TN 89,82889.8k $51.3m $51.3m 1.81% Reduced -24.2k -24,207
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 75,62575.6k $43.2m $43.2m 0.01% Added +3.3k +3,311
9 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 66,85266.9k $38.2m $38.2m 0.01% Reduced -694 -694
10 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 54,41954.4k $31.1m $31.1m 0.01% Reduced -368 -368
11 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 46,14946.1k $26.4m $26.4m 0.01% Reduced -676 -676
12 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 44,04844.0k $25.2m $25.2m 0.01% Reduced -3.0k -2,956
13 Select Equity Group, L.P. 0.09% of their portfolio NEW YORK, NY 39,98240.0k $22.8m $22.8m 0.09% Reduced -1.6k -1,584
14 THOMPSON SIEGEL & WALMSLEY LLC 0.33% of their portfolio RICHMOND, VA 36,27436.3k $20.7m $20.7m 0.33% Added +2.6k +2,629
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 32,38032.4k $18.5m $18.5m 0.00% Reduced -21.0k -20,996
16 NORGES BANK 0.00% of their portfolio OSLO, Q8 31,96232.0k $18.3m $18.3m 0.00% Reduced -1.8k -1,805
17 AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio Greenwich, CT 31,09531.1k $17.8m $17.8m 0.04% Added +2.8k +2,826
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 27,09727.1k $15.5m $15.5m 0.00% Reduced -321 -321
19 SEIZERT CAPITAL PARTNERS, LLC 0.80% of their portfolio BIRMINGHAM, MI 25,97526.0k $14.8m $14.8m 0.80% Reduced -1.2k -1,197
20 Bronte Capital Management Pty Ltd. 1.33% of their portfolio Bondi Junction, C3 24,14124.1k $13.8m $13.8m 1.33% Added +195 +195
21 LONDON CO OF VIRGINIA 0.07% of their portfolio RICHMOND, VA 23,12923.1k $13.2m $13.2m 0.07% Added +212 +212
22 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 22,43122.4k $12.8m $12.8m 0.02% Added +569 +569
23 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 20,37220.4k $11.6m $11.6m 0.01% Unchanged
24 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 19,03619.0k $10.9m $10.9m 0.00% Reduced -870 -870
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,86317.9k $10.2m $10.2m 0.00% Reduced -8.0k -7,992
26 ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio Boston, MA 16,04716.0k $9.2m $9.2m 0.04% Reduced -7.3k -7,312
27 GAMCO INVESTORS, INC. ET AL 0.10% of their portfolio GREENWICH, CT 16,04616.0k $9.2m $9.2m 0.10% Added +745 +745
28 State of Alaska, Department of Revenue 0.11% of their portfolio JUNEAU, AK 15,64115.6k $8.9m $8.9m 0.11% Reduced -58 -58
29 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 14,30514.3k $8.2m $8.2m 0.01% Reduced -922 -922
30 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 13,90413.9k $7.9m $7.9m 0.01% Added +340 +340
31 Brandywine Global Investment Management, LLC 0.06% of their portfolio PHILADELPHIA, PA 13,12213.1k $7.5m $7.5m 0.06% Reduced -13.1k -13,104
32 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 12,31012.3k $7.0m $7.0m 0.01% Added +6.9k +6,943
33 PATHSTONE FAMILY OFFICE, LLC 0.09% of their portfolio ENGLEWOOD, NJ 10,92710.9k $6.2m $6.2m 0.09% Reduced -1 -1
34 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 10,62010.6k $6.1m $6.1m 0.00% Added +6.5k +6,472
35 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 9,4399.4k $5.4m $5.4m 0.00% Reduced -8.2k -8,174
36 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 9,3009.3k $5.3m $5.3m 0.04% Unchanged
37 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 8,9128.9k $5.1m $5.1m 0.00% Reduced -281 -281
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,7148.7k $5.0m $5.0m 0.00% Reduced -1.0k -1,028
39 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 8,6188.6k $4.9m $4.9m 0.01% Reduced -2.0k -1,992
40 IVY LANE CAPITAL MANAGEMENT, LLC 3.37% of their portfolio WINTER PARK, FL 8,0008.0k $4.6m $4.6m 3.37% New
41 Swiss National Bank 0.00% of their portfolio ZURICH, V8 7,9007.9k $4.5m $4.5m 0.00% Reduced -400 -400
42 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 7,7097.7k $4.4m $4.4m 0.01% Added +2.7k +2,698
43 AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio New York, NY 7,4537.5k $4.3m $4.3m 0.03% Reduced -209 -209
44 AMI INVESTMENT MANAGEMENT INC 1.77% of their portfolio KENDALLVILLE, IN 6,9897.0k $4.0m $4.0m 1.77% Reduced -1.3k -1,315
45 VELA Investment Management, LLC 1.84% of their portfolio NEW ALBANY, OH 6,9667.0k $4.0m $4.0m 1.84% Reduced -970 -970
46 DENALI ADVISORS LLC 1.36% of their portfolio SAN DIEGO, CA 6,7566.8k $3.9m $3.9m 1.36% Reduced -4 -4
47 Bridgewater Associates, LP 0.02% of their portfolio Westport, CT 6,5396.5k $3.7m $3.7m 0.02% Reduced -1.1k -1,084
48 WINTON GROUP Ltd 0.30% of their portfolio LONDON, X0 6,2986.3k $3.6m $3.6m 0.30% Added +3.6k +3,650
49 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 6,2706.3k $3.6m $3.6m 0.01% Added +4.1k +4,120
50 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 6,2006.2k $3.5m $3.5m 0.01% Reduced -2.7k -2,700
51 Legal & General Group Plc 0.00% of their portfolio London, X0 6,0796.1k $3.5m $3.5m 0.00% Added +128 +128
52 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 5,8855.9k $3.4m $3.4m 0.00% Reduced -372 -372
53 ALGERT GLOBAL LLC 0.15% of their portfolio SAN FRANCISCO, CA 5,8715.9k $3.4m $3.4m 0.15% Unchanged
54 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 5,5845.6k $3.2m $3.2m 0.01% Reduced -93 -93
55 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 5,4785.5k $3.1m $3.1m 0.01% Reduced -3.5k -3,452
56 TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio STAMFORD, CT 5,4645.5k $3.1m $3.1m 0.05% Added +1.0k +1,005
57 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 5,3985.4k $3.1m $3.1m 0.00% Added +494 +494
58 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 5,3875.4k $3.1m $3.1m 0.01% Reduced -100 -100
59 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 5,3545.4k $3.1m $3.1m 0.03% New
60 Markel Group Inc. 0.04% of their portfolio Glen Allen, VA 5,2005.2k $3.0m $3.0m 0.04% Unchanged
61 LEE DANNER & BASS INC 0.25% of their portfolio NASHVILLE, TN 5,1005.1k $2.9m $2.9m 0.25% Unchanged
62 Retirement Systems of Alabama 0.01% of their portfolio MONTGOMERY, AL 4,8704.9k $2.8m $2.8m 0.01% Reduced -145 -145
63 Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio Boston, MA 4,7764.8k $2.7m $2.7m 0.01% Reduced -1.4k -1,382
64 JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio London, X0 4,7364.7k $2.7m $2.7m 0.03% Reduced -751 -751
65 Illinois Municipal Retirement Fund 0.05% of their portfolio OAK BROOK, IL 4,6124.6k $2.6m $2.6m 0.05% New
66 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 4,5914.6k $2.6m $2.6m 0.00% Reduced -500 -500
67 Lafayette Investments, Inc. 0.69% of their portfolio ASHTON, MD 4,5814.6k $2.6m $2.6m 0.69% Reduced -65 -65
68 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 4,4614.5k $2.5m $2.5m 0.00% Reduced -40 -40
69 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio Los Angeles, CA 4,4454.4k $2.5m $2.5m 0.01% Added +335 +335
70 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 4,4284.4k $2.5m $2.5m 0.00% Reduced -314 -314
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,4174.4k $2.5m $2.5m 0.00% Added +1.1k +1,086
72 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 4,3514.4k $2.5m $2.5m 0.02% Added +1.1k +1,134
73 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 4,1474.1k $2.4m $2.4m 0.02% Reduced -84 -84
74 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 4,0944.1k $2.3m $2.3m 0.00% Reduced -155 -155
75 Mraz, Amerine & Associates, Inc. 0.52% of their portfolio Modesto, CA 3,8463.8k $2.2m $2.2m 0.52% Unchanged
76 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 3,8253.8k $2.3m $2.3m 0.00% Unchanged
77 Cohen Klingenstein LLC 0.09% of their portfolio NEW YORK, NY 3,7903.8k $2.2m $2.2m 0.09% Unchanged
78 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,6683.7k $2.1m $2.1m 0.00% New
79 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 3,6663.7k $2.1m $2.1m 0.00% Reduced -936 -936
80 West Family Investments, Inc. 0.77% of their portfolio CARLSBAD, CA 3,4753.5k $2.0m $2.0m 0.77% Unchanged
81 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 3,4163.4k $2.0m $2.0m 0.00% Reduced -2.0k -1,963
82 TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio AUSTIN, TX 3,3273.3k $1.9m $1.9m 0.02% Reduced -115 -115
83 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 3,0663.1k $1.8m $1.8m 0.00% Added +479 +479
84 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 2,9753.0k $1.7m $1.7m 0.00% Reduced -1.7k -1,747
85 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 2,9703.0k $1.7m $1.7m 0.00% Added +1.9k +1,867
86 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,9513.0k $1.7m $1.7m 0.00% Added +34 +34
87 BEACON INVESTMENT ADVISORS LLC 1.15% of their portfolio Gaithersburg, MD 2,9503.0k $1.7m $1.7m 1.15% Reduced -56 -56
88 MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio BOSTON, MA 2,8962.9k $1.7m $1.7m 0.03% Unchanged
89 Insight Inv LLC 1.62% of their portfolio EL SEGUNDO, CA 2,7572.8k $1.6m $1.6m 1.62% Unchanged
90 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio New York, NY 2,7522.8k $1.6m $1.6m 0.02% Reduced -338 -338
91 Roundview Capital LLC 0.15% of their portfolio PRINCETON, NJ 2,7372.7k $1.6m $1.6m 0.15% Unchanged
92 HUSSMAN STRATEGIC ADVISORS, INC. 0.27% of their portfolio ELLICOTT CITY, MD 2,6002.6k $1.5m $1.5m 0.27% Unchanged
93 TBH Global Asset Management, LLC 0.29% of their portfolio Brentwood, TN 2,5582.6k $1.5m $1.5m 0.29% Added +41 +41
94 Soltis Investment Advisors LLC 0.17% of their portfolio ST. GEORGE, UT 2,5002.5k $1.4m $1.4m 0.17% Added +1.0k +1,000
95 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 2,4882.5k $1.4m $1.4m 0.00% Reduced -7 -7
96 Simplicity Solutions, LLC 0.04% of their portfolio MINNEAPOLIS, MN 2,4312.4k $1.4m $1.4m 0.04% Added +9 +9
97 Bleakley Financial Group, LLC 0.04% of their portfolio PARSIPPANY, NJ 2,4312.4k $1.4m $1.4m 0.04% Added +9 +9
98 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 2,4142.4k $1.4m $1.4m 0.00% Reduced -23 -23
99 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,3562.4k $1.3m $1.3m 0.00% Added +681 +681
100 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 2,2772.3k $1.3m $1.3m 0.03% New