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 ($861.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $699.58.
Trends to Q2 2024
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 |
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 |
| Q3 2023 | 94 | 114 |
| Q4 2023 | 77 | 121 |
| Q1 2024 | 96 | 109 |
| Q2 2024 | 94 | 122 |
Biggest buyers
| Madison Avenue Partners, LP | Added | +22.8k |
| AMERICAN CENTURY COMPANIES INC | Added | +9.0k |
| JANE STREET GROUP, LLC | Added | +8.9k |
| Raymond James Financial Services Advisors, Inc. | Added | +7.2k |
| Qube Research & Technologies Ltd | Added | +5.1k |
| MILLENNIUM MANAGEMENT LLC | New | +3.9k |
| JPMORGAN CHASE & CO | Added | +3.9k |
| HRT FINANCIAL LP | New | +3.9k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +3.0k |
| Invesco Ltd. | Added | +2.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -70.2k |
| VANGUARD GROUP INC | Reduced | -29.1k |
| BlackRock Inc. | Reduced | -15.4k |
| SageView Advisory Group, LLC | Sold out | -8.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -7.0k |
| AMERICAN INTERNATIONAL GROUP, INC. | Sold out | -6.4k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | Reduced | -5.5k |
| NORGES BANK | Reduced | -4.8k |
| AMERIPRISE FINANCIAL INC | Reduced | -4.4k |
| BARCLAYS PLC | Reduced | -3.6k |
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 2024
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 2022 | 1 | $55.6k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $123.1k | — |
| Q2 2023 | 1 | $58.2k | 0 | — | — |
| Q3 2023 | 1 | $57.0k | 0 | — | — |
| Q4 2023 | 1 | $60.7k | 1 | $46.4k | — |
| Q1 2024 | 0 | — | 1 | $396.4k | — |
| Q2 2024 | 1 | $100.6k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-28 | MULCAHY ANNE M Director · Revocable Trutst | Bought | $100.6k135 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 432.9k $302.8m | Reduced -15.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 342.1k $239.3m | Reduced -29.1k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 289.9k $202.8m | Reduced -959 |
| Madison Avenue Partners, LP 20.63% of their portfolio | 233.5k $163.3m | Added +22.8k |
| Wallace Capital Management Inc. 17.11% of their portfolio | 168.8k $118.1m | Reduced -1.5k |
| STATE STREET CORP 0.00% of their portfolio | 127.6k $89.2m | Reduced -1.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 90.6k $63.4m | Added +2.6k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 2.51% of their portfolio | 82.3k $57.6m | Reduced -5.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 56.3k $39.4m | Reduced -332 |
| Bank of New York Mellon Corp 0.01% of their portfolio | 51.1k $35.7m | Reduced -2.3k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 40.6k $28.4m | Reduced -456 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 40.1k $28.0m | Added +702 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 38.4k $26.8m | Added +3.9k |
| Invesco Ltd. 0.01% of their portfolio | 34.8k $24.3m | Added +2.9k |
| Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio | 30.3k $21.2m | Added +7.2k |
| MORGAN STANLEY 0.00% of their portfolio | 28.9k $20.2m | Reduced -70.2k |
| LONDON CO OF VIRGINIA 0.11% of their portfolio | 27.1k $19.0m | Added +269 |
| THOMPSON SIEGEL & WALMSLEY LLC 0.26% of their portfolio | 22.9k $16.0m | Reduced -1.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 22.1k $15.5m | Added +199 |
| Bronte Capital Management Pty Ltd. 1.18% of their portfolio | 21.5k $15.1m | Reduced -868 |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 20.1k $14.1m | Added +9.0k |
| SEIZERT CAPITAL PARTNERS, LLC 0.67% of their portfolio | 19.3k $13.5m | Reduced -1.3k |
| NORGES BANK 0.00% of their portfolio | 18.1k $12.7m | Reduced -4.8k |
| GAMCO INVESTORS, INC. ET AL 0.12% of their portfolio | 15.9k $11.1m | Reduced -2.2k |
| State of Alaska, Department of Revenue 0.12% of their portfolio | 15.6k $10.9m | Unchanged |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 12.0k $8.4m | Reduced -418 |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 11.6k $8.1m | Reduced -1.9k |
| Pathstone Holdings, LLC 0.04% of their portfolio | 11.3k $7.9m | Reduced -19 |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 11.0k $7.7m | Reduced -502 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 10.9k $7.6m | Reduced -4.4k |
| BARCLAYS PLC 0.00% of their portfolio | 10.3k $7.2m | Reduced -3.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 9.8k $6.9m | Added +8.9k |
| VELA Investment Management, LLC 2.44% of their portfolio | 9.8k $6.9m | Added +1.2k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 9.5k $6.6m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 9.5k $6.6m | Added +2.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 9.0k $6.3m | Added +50 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 8.9k $6.2m | Reduced -20 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 8.5k $5.9m | Added +1.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 8.3k $5.8m | Reduced -7.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 8.0k $5.6m | Reduced -185 |
| Crawford Fund Management, LLC 4.38% of their portfolio | 7.9k $5.5m | Unchanged |
| Cetera Investment Advisers 0.01% of their portfolio | 7.6k $5.3m | Added +508 |
| DENALI ADVISORS LLC 1.40% of their portfolio | 7.3k $5.1m | Added +1.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 6.9k $4.8m | Reduced -434 |
| Swiss National Bank 0.00% of their portfolio | 6.5k $4.5m | Reduced -600 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 6.3k $4.4m | Added +5.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 6.3k $4.4m | Added +2.9k |
| Corebridge Financial, Inc. 0.02% of their portfolio | 6.1k $4.3m | First filing |
| Quantinno Capital Management LP 0.07% of their portfolio | 5.8k $4.1m | Reduced -360 |
| Legal & General Group Plc 0.00% of their portfolio | 5.7k $4.0m | Reduced -13 |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 5.7k $4.0m | Reduced -237 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 5.7k $4.0m | Reduced -249 |
| Bridgewater Associates, LP 0.02% of their portfolio | 5.3k $3.7m | Added +314 |
| Markel Group Inc. 0.04% of their portfolio | 5.2k $3.6m | Unchanged |
| LEE DANNER & BASS INC 0.28% of their portfolio | 5.1k $3.6m | First filing |
| ALGERT GLOBAL LLC 0.12% of their portfolio | 5.0k $3.5m | Added +85 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 4.8k $3.3m | Reduced -500 |
| Lafayette Investments, Inc. 0.72% of their portfolio | 4.5k $3.2m | Reduced -103 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 4.5k $3.1m | Reduced -83 |
| JUPITER ASSET MANAGEMENT LTD 0.03% of their portfolio | 4.4k $3.1m | Unchanged |
| Retirement Systems of Alabama 0.01% of their portfolio | 4.3k $3.0m | Reduced -208 |
| AMI INVESTMENT MANAGEMENT INC 1.03% of their portfolio | 4.2k $3.0m | Reduced -259 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 4.2k $2.9m | Added +3.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.0k $2.8m | Reduced -2 |
| Mraz, Amerine & Associates, Inc. 0.57% of their portfolio | 4.0k $2.8m | Reduced -18 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 3.9k $2.8m | Reduced -199 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 3.9k $2.7m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 3.9k $2.7m | New |
| MetLife Investment Management, LLC 0.02% of their portfolio | 3.7k $2.6m | Reduced -2 |
| Cohen Klingenstein LLC 0.09% of their portfolio | 3.5k $2.5m | Unchanged |
| West Family Investments, Inc. 0.73% of their portfolio | 3.5k $2.4m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 3.3k $2.3m | Reduced -1 |
| Creative Planning 0.00% of their portfolio | 3.3k $2.3m | Added +184 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 3.2k $2.3m | Reduced -337 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 3.0k $2.1m | Reduced -1.4k |
| BEACON INVESTMENT ADVISORS LLC 1.04% of their portfolio | 2.9k $2.0m | Reduced -49 |
| MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio | 2.8k $2.0m | Reduced -40 |
| Roundview Capital LLC 0.15% of their portfolio | 2.7k $1.9m | Reduced -6 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 2.7k $1.9m | Added +519 |
| Insight Inv LLC 1.59% of their portfolio | 2.6k $1.8m | Added +22 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.6k $1.8m | Added +811 |
| TBH Global Asset Management, LLC 0.39% of their portfolio | 2.5k $1.7m | Reduced -77 |
| Morningstar Investment Services LLC 0.02% of their portfolio | 2.4k $1.7m | Added +27 |
| Simplicity Wealth,LLC 0.04% of their portfolio | 2.4k $1.7m | Reduced -2 |
| Bleakley Financial Group, LLC 0.05% of their portfolio | 2.4k $1.7m | Reduced -2 |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 2.4k $1.7m | Reduced -700 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 2.4k $1.7m | Added +529 |
| DELPHI MANAGEMENT INC /MA/ 1.35% of their portfolio | 2.4k $1.7m | Added +34 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 2.4k $1.7m | Added +1.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 2.3k $1.6m | Reduced -1.3k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 2.2k $1.6m | Added +178 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 2.2k $1.6m | First filing |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 2.2k $1.5m | Reduced -200 |
| Autumn Glory Partners, LLC 0.78% of their portfolio | 2.2k $1.5m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.1k $1.5m | Reduced -209 |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.25% of their portfolio | 2.1k $1.5m | Added +297 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 2.0k $1.4m | Added +13 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 2.0k $1.4m | Reduced -142 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 2.0k $1.4m | Added +21 |
| Harrington Investments, INC 0.73% of their portfolio | 1.8k $1.3m | Added +25 |