Graham Holdings Company (GHC) reported second-quarter 2026 revenue of $1.30 billion, up 7% from $1.22 billion a year earlier. Operating income rose to $83.6 million from $72.8 million.
Net income attributable to common shares was $281.1 million, or $64.86 per diluted share, compared with $36.7 million, or $8.35 per diluted share, in the second quarter of 2025. Results included a pre-tax noncash pension settlement gain of $137.0 million and net gains on marketable equity securities of $101.9 million.
- Second-quarter revenue increased at television broadcasting, healthcare, manufacturing, automotive and other businesses, partially offset by a decline at education.
- First-half 2026 revenue was $2.54 billion, up 7% from $2.38 billion in the first six months of 2025.
- The company recorded a $5.2 million loss on the sale of Kaplan Languages Group in the second quarter.
- Cash, marketable equity securities and other investments totaled $1.30 billion at June 30, 2026.
- Borrowings outstanding were $900.4 million at June 30, 2026, at an average interest rate of 5.7%.
- Graham Holdings repurchased 110,471 Class B shares for $122.0 million during the first six months of 2026.
$GHC Hedge Fund Activity
We have seen 129 institutional investors add shares of $GHC stock to their portfolio, and 138 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF NEW YORK MELLON CORP removed 13,991 shares (-32.2%) from their portfolio in Q1 2026, for an estimated $14,792,124
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 9,585 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $10,133,837
- HENNESSY ADVISORS INC removed 8,987 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $10,257,941
- FRANKLIN RESOURCES INC added 8,975 shares (+66.9%) to their portfolio in Q1 2026, for an estimated $9,488,908
- RENAISSANCE TECHNOLOGIES LLC added 7,957 shares (+551.4%) to their portfolio in Q1 2026, for an estimated $8,412,617
- FIRST TRUST ADVISORS LP added 7,582 shares (+8.9%) to their portfolio in Q1 2026, for an estimated $8,016,145
- MORGAN STANLEY added 6,703 shares (+22.5%) to their portfolio in Q1 2026, for an estimated $7,086,813
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
