Graham Holdings

GHC • NYSE

Graham Holdings is a education & training services company in the consumer defensive sector on NYSE, led by Timothy J. O'Shaughnessy, with a market cap of $4.9B. As of Q3 2025, 62% of shares are held by 318 institutional investors, with BlackRock, Inc. as the largest holder at 9.53%.

Chief Executive Officer and PresidentTimothy J. O'Shaughnessy

Market Cap$4.9B

Education & Training Services

Consumer Defensive

Employees19.9K

Websiteghco.com

Country

United States of America

Overview

Overview of institutional ownership in GHC as of Q3 2025 with a market cap of $5.1B

All Institutions

Institutions: 318
Value Held: $3.2B
Shares Held: 2.7M
Avg Position: $10.1M
Median Position: $944.3K

Hedge Funds

Hedge Funds: 28
Value Held: $666.4M
Shares Held: 564.8K
Avg Position: $23.8M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

49.31%

$2.5B

Hedge Funds

12.98%

$666.4M

Retail & Other

37.71%

$1.9B

Based on market cap of $5.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GHC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$489.1M 0.01% of portfolio	9.53% 415.4K shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$388.5M 0.01% of portfolio	7.57% 330.0K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$299.2M 0.06% of portfolio	5.83% 254.1K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Madison Avenue Partners, LP Hedge Fund•Value	Eli Jackson Samaha Managing Partner	$289.4M 15.18% of portfolio	5.64% 245.8K shares	Q1 2020 Held for 5y 8m	$1.9B
W Wallace Capital Management Inc. Hedge Fund•Multi-Strategy	Christopher Lee Thomason President	$191.0M 23.74% of portfolio	3.72% 162.2K shares	≤ Q2 2013 Held for 12y 5m+	$804.5M
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$152.0M 0.01% of portfolio	2.96% 129.1K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$106.4M 0.07% of portfolio	2.08% 90.7K shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$99.0M 0.01% of portfolio	1.93% 84.1K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$74.8M 0.06% of portfolio	1.46% 63.5K shares	Q4 2016 Held for 8y 11m	$134.11B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$55.7M 0.01% of portfolio	1.09% 47.3K shares	≤ Q2 2013 Held for 12y 5m+	$620.51B

Net Capital Flow

Institutional buying and selling activity for GHC in Q3 2025

Traded: −$14.1M
Buyers: 139
Sellers: 148
Total Bought: +$113.5M
Total Sold: −$127.6M
Avg Position: $9.2M

Biggest Buyers

Institution	Net Bought	Current Position
FIRST TRUST ADVISORS LP ETF Provider	+$23.3M +19.8K shares	$74.8M 63.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$7.9M +6.7K shares	$10.0M 8.5K shares
UBS Group AG Institution	+$7.8M +6.6K shares	$26.1M 22.1K shares
GOLDMAN SACHS GROUP INC Institution	+$6.8M +5.8K shares	$50.0M 42.5K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$5.9M +5.0K shares	$6.9M 5.9K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	+$4.8M +4.1K shares	$8.0M 6.8K shares
A ALPS ADVISORS INC ETF Provider	+$4.1M +3.5K shares	$4.1M 3.5K shares
JPMORGAN CHASE & CO Institution	+$3.9M +3.3K shares	$29.0M 24.6K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$3.3M +2.8K shares	$6.1M 5.2K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$3.2M +2.7K shares	$3.2M 2.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$10.0M −8.5K shares	$299.2M 254.1K shares
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	−$8.9M −7.5K shares	$41.6M 35.4K shares
B BlackRock, Inc. Institution	−$7.7M −6.5K shares	$489.1M 415.4K shares
STATE STREET CORP Institution	−$7.1M −6.1K shares	$152.0M 129.1K shares
Bronte Capital Management Pty Ltd. Hedge Fund•Long/Short	−$6.8M −5.1K shares	$17.6M 13.4K shares
P Pacer Advisors, Inc. Institution	−$6.3M −5.4K shares	$19.5M 16.5K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$4.7M −4.0K shares	$6.4M 5.4K shares
VANGUARD GROUP INC Institution	−$4.6M −3.9K shares	$388.5M 330.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$4.2M −3.6K shares	$1.8M 1.5K shares
J JANE STREET GROUP, LLC Institution	−$3.9M −3.3K shares	$4.3M 3.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GHC in Q3 2025

New Positions: 20
New Value: $2.4M
Exited Positions: 29
Exited Value: $17.5M

New Positions

Institution	Position Value
F FOX RUN MANAGEMENT, L.L.C. Hedge Fund•Quant	$515.7K 438.0 shares
A Abel Hall, LLC RIA/Wealth	$272.0K 231.0 shares
Monument Capital Management RIA/Wealth	$256.7K 218.0 shares
Live Oak Private Wealth LLC RIA/Wealth	$235.5K 200.0 shares
OPPENHEIMER & CO INC RIA/Wealth	$223.7K 190.0 shares
Warren Averett Asset Management, LLC RIA/Wealth	$223.7K 190.0 shares
Feltz Wealth PLAN Inc. RIA/Wealth	$209.6K 178.0 shares
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	$208.4K 177.0 shares
Sontag Advisory, LLC RIA/Wealth	$158.9K 135.0 shares
Frazier Financial Advisors, LLC RIA/Wealth	$36.5K 31.0 shares

Exited Positions

Institution	Previous Position
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$3.0M 3.2K shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$2.2M 2.3K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$1.8M 1.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.7M 1.8K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	$1.7M 1.8K shares
Summit Global Investments Long Only Manager	$1.1M 1.2K shares
V Virtu Financial LLC Institution	$1.1M 1.1K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$774.0K 818.0 shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$687.9K 727.0 shares
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	$539.3K 570.0 shares

Options Activity

Institutions with the largest Call and Put options positions in GHC as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with GHC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
W Wallace Capital Management Inc. Hedge Fund•Multi-Strategy	Christopher Lee Thomason President	23.74% $191.0M	3.72% 162.2K shares	≤ Q2 2013 Held for 12y 5m+	$804.5M
Madison Avenue Partners, LP Hedge Fund•Value	Eli Jackson Samaha Managing Partner	15.18% $289.4M	5.64% 245.8K shares	Q1 2020 Held for 5y 8m	$1.9B
VELA Investment Management, LLC Long Only Manager	Roderick Hadley Dillon CEO	2.35% $8.1M	0.16% 6.9K shares	Q4 2021 Held for 3y 11m	$347.1M
S SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Long Only Manager	Raymond Eugene Glotzbach CEO	2.12% $41.6M	0.81% 35.4K shares	≤ Q2 2013 Held for 12y 5m+	$2.0B
I Insight Inv LLC Institution	-	1.89% $3.2M	0.06% 2.7K shares	Q4 2021 Held for 3y 11m	$170.3M
Bronte Capital Management Pty Ltd. Hedge Fund•Long/Short	John Lawrence Hempton CIO	1.83% $17.6M	0.31% 13.4K shares	Q3 2020 Held for 5y 2m	$962.3M
DELPHI MANAGEMENT INC /MA/ Long Only Manager	Scott Myles Black President	1.62% $1.6M	0.03% 1.4K shares	Q2 2023 Held for 2y 5m	$100.5M
B BEACON INVESTMENT ADVISORS LLC RIA/Wealth	Eric Joseph Kleinschmidt CCO	1.40% $3.4M	0.07% 2.9K shares	Q4 2022 Held for 2y 11m	$245.3M
STEINBERG ASSET MANAGEMENT LLC Long Only Manager	Michael Alan Steinberg Managing Partner	1.27% $1.8M	0.03% 1.5K shares	Q1 2024 Held for 1y 8m	$139.2M
Harrington Investments, INC RIA/Wealth	John Charles Harrington CEO	1.07% $2.1M	0.04% 1.8K shares	Q4 2019 Held for 5y 11m	$200.3M

Hedge Fund Spotlight

Discover hedge funds investing in GHC

ALGERT COLDIRON INVESTORS LLC

Hedge Fund • Quant

Portfolio ManagerRyan Zentner Lafond

Portfolio Value: $6.0B
Positions: 1,110
Last Reported: Q3 2025

Sector Allocation

Position in Graham Holdings

Market Value: $572.2K
Shares Held: 486.0
Portfolio Weight: 0.01%
Owned Since: 2022-Q1

Top Holding	Sector	Market Value	Weight
1 Nextpower Inc. NXT	Solar Energy	$40.8M	0.68%
2 Mueller Industries MLI	Manufacturing - Metal Fabrication Industrials	$38.9M	0.65%
3 Credo Technology Group Holding Ltd CRDO	Communication Equipment Technology	$38.7M	0.64%