Vault-13

GRAHAM HLDGS CO GHC

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

Diversified American conglomerate

310 institutional holders +15 vs Q1 2025
2,726,5862.7m shares reported held*
$2.6bnreported value*
39 new 101 added 93 reduced 28 sold out net bought ≈ $78.6m (+83.5k 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $946.95.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 252Q4 22: 271Q1 23: 260Q2 23: 251Q3 23: 248Q4 23: 246Q1 24: 247Q2 24: 250Q3 24: 262Q4 24: 286Q1 25: 295Q2 25: 310310Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022252
Q4 2022271
Q1 2023260
Q2 2023251
Q3 2023248
Q4 2023246
Q1 2024247
Q2 2024250
Q3 2024262
Q4 2024286
Q1 2025295
Q2 2025310

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 94 bought or addedQ3 23: 114 cut or sold outQ4 23: 77 bought or addedQ4 23: 121 cut or sold outQ4 23Q1 24: 96 bought or addedQ1 24: 109 cut or sold outQ2 24: 94 bought or addedQ2 24: 122 cut or sold outQ2 24Q3 24: 98 bought or addedQ3 24: 125 cut or sold outQ4 24: 115 bought or addedQ4 24: 122 cut or sold outQ4 24Q1 25: 139 bought or addedQ1 25: 116 cut or sold outQ2 25: 140 bought or addedQ2 25: 121 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202394114
Q4 202377121
Q1 202496109
Q2 202494122
Q3 202498125
Q4 2024115122
Q1 2025139116
Q2 2025140121

Biggest buyers

AQR CAPITAL MANAGEMENT LLC Added +34,524+34.5k
Pacer Advisors, Inc. New +21,920+21.9k
FIRST TRUST ADVISORS LP Added +20,932+20.9k
HENNESSY ADVISORS INC New +10,787+10.8k
GOLDMAN SACHS GROUP INC Added +9,517+9.5k
Invesco Ltd. Added +7,628+7.6k
STATE STREET CORP Added +6,021+6.0k
BRIDGEWAY CAPITAL MANAGEMENT, LLC New +4,255+4.3k
Qube Research & Technologies Ltd Added +3,302+3.3k
HUSSMAN STRATEGIC ADVISORS, INC. New +3,150+3.1k

Biggest sellers

SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Reduced -12,258-12.3k
DIMENSIONAL FUND ADVISORS LP Reduced -7,990-8.0k
VOYA INVESTMENT MANAGEMENT LLC Reduced -5,311-5.3k
Corebridge Financial, Inc. Sold out -5,264-5.3k
BNP PARIBAS FINANCIAL MARKETS Reduced -5,197-5.2k
ALGERT GLOBAL LLC Reduced -4,369-4.4k
NORGES BANK Reduced -3,833-3.8k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -3,081-3.1k
MORGAN STANLEY Reduced -3,074-3.1k
Wallace Capital Management Inc. Reduced -2,727-2.7k

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 2025

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
101Q3 23: 1 buyingQ3 23: 0 sellingQ4 23: 1 buyingQ4 23: 1 sellingQ4 23Q1 24: 0 buyingQ1 24: 1 sellingQ2 24: 1 buyingQ2 24: 0 sellingQ2 24Q3 24: 1 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 1 sellingQ4 24Q1 25: 0 buyingQ1 25: 1 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20231$57.0k0——
Q4 20231$60.7k1$46.4k—
Q1 20240—1$396.4k—
Q2 20241$100.6k0——
Q3 20241$74.3k0——
Q4 20240—1$358.8k—
Q1 20250—1$140.1k$140.1k
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 421,956422.0k $399.2m $399.2m 0.01% Reduced -289 -289
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 333,855333.9k $315.9m $315.9m 0.01% Added +2.0k +2,010
3 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 262,620262.6k $248.5m $248.5m 0.06% Reduced -8.0k -7,990
4 Madison Avenue Partners, LP 15.49% of their portfolio NEW YORK, NY 245,271245.3k $232.1m $232.1m 15.49% Unchanged
5 Wallace Capital Management Inc. 20.89% of their portfolio DALLAS, TX 162,062162.1k $153.3m $153.3m 20.89% Reduced -2.7k -2,727
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 135,173135.2k $127.9m $127.9m 0.00% Added +6.0k +6,021
7 AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio Greenwich, CT 93,25393.3k $88.2m $88.2m 0.07% Added +34.5k +34,524
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 83,33083.3k $78.9m $78.9m 0.01% Added +1.3k +1,348
9 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 49,32949.3k $46.7m $46.7m 0.01% Reduced -3.1k -3,081
10 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 43,70343.7k $41.4m $41.4m 0.03% Added +20.9k +20,932
11 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 43,26543.3k $40.9m $40.9m 0.01% Added +626 +626
12 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 2.05% of their portfolio MEMPHIS, TN 42,89942.9k $40.6m $40.6m 2.05% Reduced -12.3k -12,258
13 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 42,47042.5k $40.2m $40.2m 0.01% Reduced -762 -762
14 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 36,68436.7k $34.7m $34.7m 0.01% Added +9.5k +9,517
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 30,30230.3k $28.7m $28.7m 0.00% Reduced -3.1k -3,074
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 29,30529.3k $27.7m $27.7m 0.00% Added +7.6k +7,628
17 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 28,90128.9k $27.3m $27.3m 0.01% Reduced -1.9k -1,937
18 LONDON CO OF VIRGINIA 0.14% of their portfolio RICHMOND, VA 27,04627.0k $25.6m $25.6m 0.14% Reduced -148 -148
19 Pacer Advisors, Inc. 0.05% of their portfolio Malvern, PA 21,92021.9k $20.7m $20.7m 0.05% New
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,33121.3k $20.2m $20.2m 0.00% Reduced -899 -899
21 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 19,09819.1k $18.1m $18.1m 0.01% Reduced -416 -416
22 Bronte Capital Management Pty Ltd. 1.55% of their portfolio Bondi Junction, C3 18,54418.5k $19.8m $19.8m 1.55% Added +2.3k +2,302
23 THOMPSON SIEGEL & WALMSLEY LLC 0.26% of their portfolio RICHMOND, VA 16,19316.2k $15.3m $15.3m 0.26% Reduced -998 -998
24 State of Alaska, Department of Revenue 0.16% of their portfolio JUNEAU, AK 15,55115.6k $14.7m $14.7m 0.16% Reduced -5 -5
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 15,51115.5k $14.7m $14.7m 0.00% Reduced -1.7k -1,738
26 GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio GREENWICH, CT 13,52913.5k $12.8m $12.8m 0.13% Reduced -122 -122
27 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 13,52213.5k $12.8m $12.8m 0.00% Added +94 +94
28 SEIZERT CAPITAL PARTNERS, LLC 0.51% of their portfolio BIRMINGHAM, MI 12,27912.3k $11.6m $11.6m 0.51% Reduced -14 -14
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 11,77411.8k $11.1m $11.1m 0.00% Added +2.0k +1,964
30 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 11,54311.5k $10.9m $10.9m 0.01% Added +341 +341
31 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 11,28011.3k $10.7m $10.7m 0.04% Added +34 +34
32 HENNESSY ADVISORS INC 0.34% of their portfolio NOVATO, CA 10,78710.8k $10.2m $10.2m 0.34% New
33 Brandywine Global Investment Management, LLC 0.07% of their portfolio PHILADELPHIA, PA 10,07210.1k $9.5m $9.5m 0.07% Reduced -400 -400
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,6839.7k $9.2m $9.2m 0.00% Added +1.2k +1,173
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,6759.7k $9.2m $9.2m 0.00% Reduced -663 -663
36 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 9,5139.5k $9.0m $9.0m 0.00% Reduced -299 -299
37 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 9,4229.4k $8.9m $8.9m 0.00% Added +2.7k +2,657
38 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 9,1509.2k $8.7m $8.7m 0.06% Reduced -150 -150
39 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 8,4938.5k $8.0m $8.0m 0.00% Reduced -126 -126
40 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 8,0768.1k $7.6m $7.6m 0.00% Reduced -1.7k -1,699
41 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 7,4097.4k $7.0m $7.0m 0.00% Reduced -1.3k -1,282
42 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 7,2547.3k $6.9m $6.9m 0.01% Added +3.3k +3,302
43 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 7,0287.0k $6.6m $6.6m 0.01% Reduced -1.2k -1,222
44 VELA Investment Management, LLC 1.96% of their portfolio NEW ALBANY, OH 6,9777.0k $6.6m $6.6m 1.96% Reduced -1.4k -1,366
45 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 6,9757.0k $6.6m $6.6m 0.01% Added +2.9k +2,905
46 FMR LLC 0.00% of their portfolio BOSTON, MA 6,8496.8k $6.5m $6.5m 0.00% Reduced -445 -445
47 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 6,4556.5k $6.0m $6.0m 0.01% Added +507 +507
48 Swiss National Bank 0.00% of their portfolio ZURICH, V8 6,2006.2k $5.9m $5.9m 0.00% Unchanged
49 Legal & General Group Plc 0.00% of their portfolio London, X0 5,7125.7k $5.4m $5.4m 0.00% Added +116 +116
50 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 5,6655.7k $5.4m $5.4m 0.02% Added +383 +383
51 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 5,2265.2k $4.9m $4.9m 0.00% Added +501 +501
52 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 5,2115.2k $4.9m $4.9m 0.00% Reduced -5.3k -5,311
53 Markel Group Inc. 0.04% of their portfolio Glen Allen, VA 5,2005.2k $4.9m $4.9m 0.04% Unchanged
54 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 5,1105.1k $4.8m $4.8m 0.01% Added +1.2k +1,225
55 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 4,7284.7k $4.5m $4.5m 0.01% Added +300 +300
56 LEE DANNER & BASS INC 0.33% of their portfolio NASHVILLE, TN 4,5004.5k $4.3m $4.3m 0.33% Unchanged
57 Lafayette Investments, Inc. 0.83% of their portfolio ASHTON, MD 4,3504.3k $4.1m $4.1m 0.83% Unchanged
58 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.10% of their portfolio HOUSTON, TX 4,2554.3k $4.0m $4.0m 0.10% New
59 Retirement Systems of Alabama 0.01% of their portfolio MONTGOMERY, AL 4,1514.2k $3.9m $3.9m 0.01% Added +50 +50
60 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio Stamford, CT 4,0944.1k $3.9m $3.9m 0.03% Added +1.2k +1,214
61 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,9083.9k $3.7m $3.7m 0.01% Reduced -1.2k -1,220
62 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,8483.8k $3.6m $3.6m 0.00% Added +267 +267
63 Mraz, Amerine & Associates, Inc. 0.56% of their portfolio Modesto, CA 3,7223.7k $3.5m $3.5m 0.56% Reduced -38 -38
64 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 3,6853.7k $3.5m $3.5m 0.02% Added +20 +20
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 3,5923.6k $3.4m $3.4m 0.00% Reduced -104 -104
66 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 3,5443.5k $3.4m $3.4m 0.01% Unchanged
67 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 3,5293.5k $3.3m $3.3m 0.01% Reduced -46 -46
68 ALGERT GLOBAL LLC 0.07% of their portfolio SAN FRANCISCO, CA 3,3363.3k $3.2m $3.2m 0.07% Reduced -4.4k -4,369
69 HUSSMAN STRATEGIC ADVISORS, INC. 0.68% of their portfolio ELLICOTT CITY, MD 3,1503.1k $3.0m $3.0m 0.68% New
70 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 3,1133.1k $2.9m $2.9m 0.02% Unchanged
71 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 3,0693.1k $2.9m $2.9m 0.00% Added +1.6k +1,582
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 3,0143.0k $2.9m $2.9m 0.00% Added +12 +12
73 AMI INVESTMENT MANAGEMENT INC 0.72% of their portfolio KENDALLVILLE, IN 2,9613.0k $2.8m $2.8m 0.72% Reduced -110 -110
74 BEACON INVESTMENT ADVISORS LLC 1.21% of their portfolio Gaithersburg, MD 2,9172.9k $2.8m $2.8m 1.21% Added +2 +2
75 Edgestream Partners, L.P. 0.08% of their portfolio Princeton, NJ 2,8832.9k $2.7m $2.7m 0.08% New
76 NORGES BANK 0.00% of their portfolio OSLO, Q8 2,8192.8k $2.7m $2.7m 0.00% Reduced -3.8k -3,833
77 MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio BOSTON, MA 2,7662.8k $2.6m $2.6m 0.06% Unchanged
78 INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio WEST PALM BEACH, FL 2,6762.7k $2.5m $2.5m 0.02% Reduced -1.3k -1,302
79 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 2,6702.7k $2.5m $2.5m 0.00% Added +191 +191
80 Insight Inv LLC 1.67% of their portfolio EL SEGUNDO, CA 2,6262.6k $2.5m $2.5m 1.67% Reduced -92 -92
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,5612.6k $2.4m $2.4m 0.00% Added +855 +855
82 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,4872.5k $2.4m $2.4m 0.00% Added +155 +155
83 ONTARIO TEACHERS PENSION PLAN BOARD 0.05% of their portfolio Toronto, A6 2,4562.5k $2.3m $2.3m 0.05% Added +925 +925
84 Linden Thomas Advisory Services, LLC 0.25% of their portfolio Charlotte, NC 2,4282.4k $2.3m $2.3m 0.25% Added +2.1k +2,115
85 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 2,3812.4k $2.3m $2.3m 0.01% Added +1.8k +1,755
86 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,3232.3k $2.2m $2.2m 0.00% Reduced -1.9k -1,913
87 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 2,3002.3k $2.2m $2.2m 0.00% Added +2.2k +2,200
88 Cohen Klingenstein LLC 0.07% of their portfolio NEW YORK, NY 2,2902.3k $2.2m $2.2m 0.07% Unchanged
89 TBH Global Asset Management, LLC 0.45% of their portfolio Brentwood, TN 2,2282.2k $2.1m $2.1m 0.45% Reduced -159 -159
90 Vest Financial, LLC 0.03% of their portfolio MCLEAN, VA 2,2032.2k $2.1m $2.1m 0.03% Added +1.4k +1,358
91 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,1822.2k $2.1m $2.1m 0.00% Added +1.3k +1,263
92 Horizon Investments, LLC 0.03% of their portfolio Charlotte, NC 2,1822.2k $2.1m $2.1m 0.03% New
93 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,1712.2k $2.1m $2.1m 0.00% Reduced -1.1k -1,075
94 Autumn Glory Partners, LLC 0.96% of their portfolio DALLAS, TX 2,1712.2k $2.1m $2.1m 0.96% Unchanged
95 Roundview Capital LLC 0.14% of their portfolio PRINCETON, NJ 2,1582.2k $2.0m $2.0m 0.14% Unchanged
96 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 2,1032.1k $2.0m $2.0m 0.01% Reduced -445 -445
97 GABELLI & Co INVESTMENT ADVISERS, INC. 0.30% of their portfolio Rye, NY 2,0972.1k $2.0m $2.0m 0.30% Reduced -25 -25
98 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 2,0962.1k $2.0m $2.0m 0.00% Reduced -211 -211
99 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 2,0782.1k $2.0m $2.0m 0.00% Reduced -73 -73
100 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 2,0592.1k $1.9m $1.9m 0.01% Added +744 +744