Graham Capital Management, L.P.

Position in USAR — USA Rare Earth, Inc.

CIK 1315421 ROWAYTON, CT

Position in USAR

as of Mar 31, 2026 · filed May 15, 2026 Compact

Position Value

$177,140

New position

Shares Held

11,704

first reported quarter

Ownership

0.005%

of shares outstanding

% of Portfolio

0.01%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2026

1 quarter on record

Voting authority Sole 100.ToString("F0")% Shared 0.ToString("F0")% None 0.ToString("F0")%

Basic Materials · as of Mar 31, 2026

Graham Capital Management, L.P. holds $7,901,137 across 8 Other Industrial Metals & Mining names. USAR ranks #6 (2.2% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	BHP	BHP Group Ltd	64,878	$4,719,225
2	MP	MP Materials Corp. / DE	21,197	$1,022,967
3	TECK	Teck Resources Ltd	16,924	$875,817
4	VALE	Vale S.A.	49,672	$790,281
5	LAR	Lithium Argentina AG	35,123	$234,621
6	USAR	USA Rare Earth, Inc. This page	11,704	$177,140
7	SLI	Standard Lithium Ltd.	20,176	$68,800
8	OMEX	Odyssey Marine Exploration Inc	14,732	$12,286

1 filing row on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$177,140	11,704	—	Shares	Sole	2026-05-15
No filing history on record for this holder in this stock.