GHC at a glance
Graham Holdings Co (GHC, SEC CIK 104889) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 5, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Graham Holdings Co (GHC) reported revenue of $4.9 billion (up 2.5% from FY2024) and net income of $292.3 million. Diluted EPS was $66.47.
- As of June 30, 2026, 36 institutional investment managers tracked by SignalX reported holding Graham Holdings Co (GHC) shares worth $1.7 billion in 13F-HR filings.
- Graham Holdings Co reported 5 positions worth $1.1 billion in its 13F-HR for Q2 2026, filed August 14, 2026. Its largest holdings were Berkshire Hathaway Inc (BRK-A) at 51.4%, Alphabet Inc (GOOGL) at 32.0% and Markel Group Inc (MKL) at 11.5%.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $4.9B
- +2.5% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 36 funds
- $1.7B · +1 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: diversified holding company with subsidiaries in education, media, and other services
- No new products, services, or segments introduced or emphasized in 2026 filing
- Maintained existing corporate governance with updated codes of conduct and compliance certifications
- Executed Third Amended and Restated Five Year Credit Agreement on November 24, 2025, updating financing arrangements
- Unusual: extensive use of incorporation by reference limiting direct disclosure of operational details in this filing
Risk Factors
- Cybersecurity risk overseen by Audit Committee with quarterly updates on vulnerability management and incident response capabilities
- Key-person dependency on VP of Information Security and Privacy with 30+ years experience, reporting to CFO and leading the security team
- Operational risk from quarterly phishing exercises required across all business units to prevent security breaches
- No geopolitical, competitive, or financial risks detailed in the text provided
Management Discussion & Analysis
- Revenue $4.912B, up 3% YoY from $4.791B; growth in education (+3%), healthcare (+33%), manufacturing (+10%), other businesses (+0%); declines in TV broadcasting (-21%), automotive (-6%)
- Operating income $234.9M vs $215.5M; TV broadcasting margin 26% vs 38%; automotive operating income down 54% to $17.4M from $38.0M; healthcare operating income +89% to $96.0M
- Best segment: Healthcare $815.0M revenue (+33%), operating income $96.0M (+89%); Worst segment: Television broadcasting $425.1M revenue (-21%), operating income $112.3M (-44%), margin decline from 38% to 26%
- Cash and investments $1.400B at 12/31/2025; borrowings $881M at 5.7% avg interest; issued $500M notes in Nov 2025; repaid $400M notes; automotive subsidiary borrowed $38.7M for acquisition; capital allocation includes share repurchases, dividends, acquisitions, no amounts specified
- Management notes continuing challenges from political ad revenue decline and cord cutting in TV broadcasting; healthcare growth via CSI acquisitions; automotive dealership closures and impairments; plans for new restaurant openings in 2026
AI summary of the GHC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $1,302.5M, up 7% YoY from $1,215.8M
- Operating income $83.6M vs $72.8M YoY
- Best segment healthcare revenue $247.7M, up 22%; worst education revenue $417.8M, down 4%
- Healthcare operating income $24.6M vs $25.1M; manufacturing operating income $7.1M vs $7.6M
AI summary of the GHC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Kaplan agreed to sell Dublin Business School to China Chunlai Education Group for $127.5 million, subject to deductions
- Transaction includes all shares of Accountancy & Business College (Ireland) Limited and certain intellectual property
Item EX-99.1: Item EX-99.1
- Kaplan agreed to sell Dublin Business School to China Chunlai for US$127.5 million
- Transaction remains conditional, with closing expected after completion conditions are satisfied
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 earnings release covers the quarter ended June 30, 2026
- Investor-relevant financial results and management commentary available in the furnished press-release exhibit
Item EX-99.1: Item EX-99.1
- Q2 revenue $1,302.5M, up 7%; operating income $83.6M, up 15%, showing improved core operating performance
- Adjusted diluted EPS $19.46 versus $14.33; adjusted operating cash flow $119.8M, up 8% year over year
Item 5.07: Submission of Matters to a Vote of Security Holders
- Ten director nominees elected at Graham Holdings’ May 5, 2026 annual meeting
- Class B support varied, with Christopher C. Davis receiving 1,630,311 votes for and 994,436 against
AI summaries of GHC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GHC
Don't miss the next GHC filing
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- Fund moves. Which tracked funds opened, added or cut GHC, by share count.
- Ask anything. An AI agent that reads every GHC filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| MULCAHY ANNE M | A | Oct 1, 2026 | 21 | $1139.10 |
| WAGONER G RICHARD JR | A | Oct 1, 2026 | 21 | $1139.10 |
| CONLEY DANIELLE Y. | A | Oct 1, 2026 | 19 | $1139.10 |
| Markell Jack A. | A | Oct 1, 2026 | 7 | $1139.10 |
| Davis Christopher C | A | Oct 1, 2026 | 24 | $1139.10 |
| Maas, Jacob | F | Aug 28, 2026 | 501 | $1159.23 |
| Maas, Jacob | A | Aug 28, 2026 | 1,000 | - |
| O'Shaughnessy Laura | J | Aug 13, 2026 | 4,211 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $4.8B | $4.9B |
| Operating Income | - | $215.5M | $234.9M |
| Net Income | $205.3M | $724.6M | $292.3M |
| Op. Margin | - | 4.5% | 4.8% |
| Net Margin | - | 15.1% | 6.0% |
| Balance Sheet | |||
| Total Assets | $7.2B | $7.7B | $8.4B |
| Equity | - | $4.3B | $4.8B |
| ROE | - | 17.0% | 6.1% |
| Per Share | |||
| EPS | $43.82 | $163.40 | $66.47 |
| Cash Flow | |||
| Operating CF | - | $407.0M | $347.2M |
| CapEx | $93.4M | $82.9M | $71.9M |
Source: XBRL data in Graham Holdings Co (GHC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GHC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 36 | $1.72B |
| Q1 2026 | 35 | $1.60B |
| Q4 2025 | 33 | $1.66B |
| Q3 2025 | 33 | $1.84B |
| Q2 2025 | 30 | $1.47B |
| Q1 2025 | 28 | $1.03B |
| Q4 2024 | 25 | $852.2M |
| Q3 2024 | 22 | $500.4M |
- BlackRock+9.6K (+2%)
- State Street Corp+3.2K (+3%)
- JPMorgan Chase & Co+2.0K (+8%)
- Dimensional Fund Advisors+2.0K (+1%)
- Wells Fargo & Co+1.6K (+102%)
- Millennium Management−7.1K (-79%)
- Citadel Advisors LLC−6.8K (-76%)
- Goldman Sachs Group−3.8K (-12%)
- FMR LLC (Fidelity)−3.3K (-70%)
- Prudential Financial−2.8K (-59%)
- Blackstone Group+541
Source: 13F-HR filings on SEC EDGAR (aggregated from 242 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
Graham Holdings Co top 13F holdings, Q2 2026
Largest reported positions by market value, from the 13F-HR filed Aug 14, 2026
| # | Company | Weight | Value | Shares | vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway IncBRK-A | 51.44% | $557.2M | 482,342 | Held |
| 2 | Alphabet IncGOOGL | 32.04% | $347.1M | 982,250 | Held |
| 3 | Markel Group IncMKL | 11.50% | $124.6M | 63,793 | Added |
| 4 | Pubmatic IncPUBM | 4.12% | $44.6M | 3,398,904 | Held |
| 5 | Cable One IncCABO | 0.90% | $9.7M | 182,439 | Held |
Source: Graham Holdings Co 13F-HR on SEC EDGAR. Long equity positions only (put and call options excluded); weights are shares of the reported 13F portfolio, not total assets. How 13F filings work
Graham Holdings Co biggest buys and sells, Q2 2026
Largest estimated position changes versus Q1 2026
| Company | Move | Est. flow | Shares now | Weight now |
|---|---|---|---|---|
| Markel Group IncMKL | Added | +$16.3M | 63,793 | 11.50% |
Estimated flow = change in share count × quarter-end price (0 new, 1 added, 0 trimmed, 0 sold out). 13F reports show holdings on the last day of the quarter, not the trade dates.
GHC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| SC 13G | Aug 14, 2026 | - | - | |
| 4 | Aug 14, 2026 | - | - | - |
| 13F-HR | Aug 14, 2026 | Jun 30, 2026 | - | |
| 4 | Aug 14, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | May 28, 2026 | - | - | |
| 4 | May 28, 2026 | - | - | |
| 4 | May 28, 2026 | - | - | |
| 13F-HR | May 15, 2026 | Mar 31, 2026 | - | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 8-K | May 1, 2026 | - | Analysis | - |
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GHC SEC filings: frequently asked questions
Which institutions hold GHC stock?
As of June 30, 2026, the largest Graham Holdings Co (GHC) holders among the 13F filers tracked by SignalX were BlackRock ($485.4 million), Dimensional Fund Advisors ($270.5 million), Vanguard Portfolio Management LLC ($199.5 million), Vanguard Capital Management LLC ($165.0 million), State Street Corp ($145.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GHC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Graham Holdings Co (GHC) reported revenue of $4.9 billion (up 2.5% from FY2024) and net income of $292.3 million. Diluted EPS was $66.47. The figures come from the XBRL data in the 10-K.
What are the main risks in GHC's latest 10-K?
In the 10-K filed February 25, 2026, Graham Holdings Co (GHC) flagged: Cybersecurity risk overseen by Audit Committee with quarterly updates on vulnerability management and incident response capabilities. Key-person dependency on VP of Information Security and Privacy with 30+ years experience, reporting to CFO and leading the security team. (AI summary of the Risk Factors section.)
What did GHC report in its latest 8-K?
Graham Holdings Co (GHC) filed an 8-K on August 5, 2026 reporting Item 8.01 (Other Events). Kaplan agreed to sell Dublin Business School to China Chunlai Education Group for $127.5 million, subject to deductions.
What stocks does Graham Holdings Co own?
In its 13F-HR for Q2 2026 (filed August 14, 2026), Graham Holdings Co reported 5 positions worth $1.1 billion. The largest were Berkshire Hathaway Inc (BRK-A), 51.4%; Alphabet Inc (GOOGL), 32.0%; Markel Group Inc (MKL), 11.5%; Pubmatic Inc (PUBM), 4.1%; Cable One Inc (CABO), 0.9%. The top 10 positions were 100.0% of the portfolio.
What did Graham Holdings Co buy in Q2 2026?
Compared with Q1 2026, Graham Holdings Co's largest estimated purchases were Markel Group Inc (MKL) (added, about $16.3 million). In total it opened 0 new positions and added to 1. Amounts are estimated from share-count changes at quarter-end prices.
When does Graham Holdings Co file 13F reports?
Graham Holdings Co's latest 13F-HR was filed August 14, 2026 and covers the quarter ended June 30, 2026. 13F-HR reports are due within 45 days of each quarter-end, so the Q3 2026 report is due by November 14, 2026.
What are the latest GHC SEC filings?
Graham Holdings Co (GHC) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on August 5, 2026 and a Form 4 insider filing on October 2, 2026.
What is GHC's SEC CIK number?
Graham Holdings Co (GHC)'s SEC Central Index Key (CIK) is 104889. EDGAR lists every GHC filing under that number.
Ask anything about GHC
The research agent reads GHC's filings, financials, insider trades and 13F holders, then answers with sources.