Brevan Howard Capital Management LP

CIK

1512857

Location

ST. HELIER, Y9

Portfolio Value

Mid $8,752,955,497

Diversification

Diversified

Reports for

Brevan Howard Investment Products Ltd Brevan Howard Investment Management Ltd Brevan Howard US Investment Management, LP Brevan Howard (Hong Kong) Ltd

Filing Date

Global Rank

#460 / 8,629 ▲ 143 · as of Mar 2026

Top Industry

Software - Infrastructure 13.7%

3Y Alpha vs SPY

-14.5%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

22 quarters · since Dec 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Brevan Howard Capital Management LP's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 46% that is ordinary stock — as little as 0% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+18.1%

SPY

+78.8%

Annualised alpha

-15.7%

Max drawdown

−23.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 46% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

2,016 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

10.7%

−4.9 pts

Top 5

37.9%

+4.0 pts

Top 10

46.2%

+3.6 pts

HHI

341

Diversified−36

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	25.0%	$2,190,069,880	312
Unclassified	24.7%	$2,159,349,513	8
Consumer Cyclical	11.5%	$1,002,905,822	222
Financial Services	10.0%	$872,853,048	325
Industrials	7.2%	$631,532,526	292
Communication Services	5.1%	$447,589,211	71
Healthcare	4.6%	$399,268,172	338
Energy	3.7%	$326,954,495	107
Basic Materials	2.7%	$233,518,739	112
Real Estate	2.4%	$213,505,931	89
Consumer Defensive	2.1%	$184,887,311	86
Utilities	1.0%	$90,520,849	54

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AGNC	AGNC Investment Corp.	+7,146,414	12,695,770	$127,338,573
IBIT	iShares Bitcoin Trust ETF	+5,697,230	24,304,788	$933,789,954
NB	Niocorp Developments Ltd	+3,714,584	6,485,000	$28,923,100
OPEN	Opendoor Technologies Inc.	+1,614,989	1,647,734	$7,711,395
MSFT	Microsoft Corp	+1,594,225	1,611,410	$596,495,639
JD	JD.com, Inc.	+1,513,700	1,649,000	$48,760,930
QQQ	Invesco Qqq Trust, Series 1	+1,082,035	1,482,035	$855,400,961
CAN	Canaan Inc.	+1,060,565	8,060,565	$3,482,163
UBER	Uber Technologies, Inc	+1,056,929	1,116,853	$80,335,236
TSLA	Tesla, Inc.	+976,311	1,123,875	$417,800,531
GM	General Motors Co	+839,806	910,166	$67,807,366
SCHW	Schwab Charles Corp	+778,503	781,655	$73,459,936
PLTR	Palantir Technologies Inc.	+742,892	791,246	$115,743,464
KVUE	Kenvue Inc.	+741,482	841,248	$14,503,115
PPTA	Perpetua Resources Corp.	+732,800	1,225,000	$34,447,000
ONDS	Ondas Inc.	+712,800	746,124	$6,744,960
UUUU	Energy Fuels Inc	+652,227	668,755	$12,204,778
NFLX	Netflix Inc	+638,981	811,542	$78,029,763
CVBF	Cvb Financial Corp	+595,386	895,386	$17,361,534
SNAP	Snap Inc	+516,560	778,603	$3,581,573
GTM	ZoomInfo Technologies Inc.	+467,192	548,108	$3,277,685
BA	Boeing Co	+429,085	522,876	$104,068,009
F	Ford Motor Co	+428,100	451,949	$5,215,490
GLD	Spdr Gold Trust	+411,608	427,603	$183,993,294
AVTR	Avantor, Inc.	+406,190	418,432	$3,280,506
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NAKA	Nakamoto Inc.	−4,349,867	4,181,956	$0
WU	Western Union CO	−4,186,054	546,901	$4,774,445
BAC	Bank Of America Corp /De/	−2,613,635	449,324	$21,904,545
B	Barrick Mining Corp	−1,492,589	6,912	$281,940
WMT	Walmart Inc.	−831,128	144,495	$17,957,838
BABA	Alibaba Group Holding Ltd	−758,172	482,378	$60,519,143
GOOGL	Alphabet Inc.	−468,900	80,984	$23,287,759
AAL	American Airlines Group Inc.	−459,070	91,600	$983,784
IOVA	Iovance Biotherapeutics, Inc.	−445,166	80,353	$282,039
KEY	Keycorp /New/	−425,872	135,708	$2,720,945
SLB	Slb Limited/Nv	−408,738	65,165	$3,348,829
NEM	NEWMONT Corp /DE/	−390,431	13,976	$1,512,902
AA	Alcoa Corp	−347,260	40,231	$2,668,522
GDOT	Green Dot Corp	−328,240	21,760	$244,147
SNDX	Syndax Pharmaceuticals Inc	−310,284	204,845	$4,785,179
EMPD	Empery Digital Inc.	−297,488	655,314	$2,771,977
OCUL	Ocular Therapeutix, Inc	−293,519	12,296	$104,147
PFE	Pfizer Inc	−286,343	28,847	$810,023
SOFI	SoFi Technologies, Inc.	−264,789	119,085	$1,891,069
EQX	Equinox Gold Corp.	−257,450	35,478	$513,011
FWDI	Forward Industries, Inc.	−241,494	111,965	$496,004
GUTS	Fractyl Health, Inc.	−232,369	232,369	$106,425
ADMA	Adma Biologics, Inc.	−225,980	20,792	$187,335
TBBK	Bancorp, Inc.	−223,875	35,585	$1,911,982
GDRX	GoodRx Holdings, Inc.	−220,856	27,233	$53,376
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
USO	United States Oil Fund, LP	1,400,000	$178,150,000
CRWD	CrowdStrike Holdings, Inc.	143,829	$56,152,279
COP	Conocophillips	306,002	$40,392,264
FTI	TechnipFMC plc	417,708	$28,876,154
ASML	Asml Holding NV	17,608	$23,257,174
XPO	XPO, Inc.	85,603	$16,654,063
ABBV	AbbVie Inc.	73,583	$16,003,566
SPOT	Spotify Technology S.A.	32,363	$15,693,142
MDLN	Medline Inc.	314,202	$13,981,989
LRCX	Lam Research Corp	60,065	$12,833,487
NU	Nu Holdings Ltd.	834,449	$11,991,032
BAP	Credicorp Ltd	33,802	$11,464,962
TIGO	Millicom International Cellular SA	125,125	$9,376,867
LHX	L3harris Technologies, Inc. /De/	26,169	$9,032,230
TFIN	Triumph Financial, Inc.	150,000	$8,949,000
SU	Suncor Energy Inc	135,000	$8,924,850
WBD	Warner Bros. Discovery, Inc.	308,378	$8,468,059
BBD	Bank Bradesco	2,154,711	$7,864,695
VZLA	Vizsla Silver Corp.	2,300,000	$7,590,000
GD	General Dynamics Corp	20,909	$7,176,386
KEEL	Keel Infrastructure Corp.	3,499,900	$6,824,805
LIN	Linde PLC	13,663	$6,773,568
CI	Cigna Group	24,745	$6,600,728
HLT	Hilton Worldwide Holdings Inc.	21,373	$6,499,101
ESLT	Elbit Systems Ltd	7,588	$6,442,894
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BIDU	Baidu, Inc.	613,003	$80,094,971
BIIB	Biogen Inc.	71,017	$12,498,281
IBM	International Business Machines Corp	33,300	$9,863,793
TEVA	Teva Pharmaceutical Industries Ltd	300,500	$9,378,605
ASTS	AST SpaceMobile, Inc.	110,546	$8,028,955
FCNCA	First Citizens Bancshares Inc /De/	3,500	$7,511,629
ETHA	iShares Ethereum Trust ETF	289,408	$6,491,421
UHS	Universal Health Services Inc	20,381	$4,443,465
CPNG	Coupang, Inc.	153,972	$3,632,199
FITB	Fifth Third Bancorp	74,695	$3,496,472
SPXC	SPX Technologies, Inc.	16,697	$3,340,401
CAR	Avis Budget Group, Inc.	23,092	$2,963,165
GAP	Gap Inc	111,112	$2,844,467
OLMA	Olema Pharmaceuticals, Inc.	107,950	$2,698,750
AFRM	Affirm Holdings, Inc.	35,000	$2,605,050
CARR	CARRIER GLOBAL Corp	48,843	$2,580,864
WST	West Pharmaceutical Services Inc	9,108	$2,505,975
NWSA	News Corp	95,605	$2,497,202
HDB	Hdfc Bank Ltd	66,616	$2,434,148
UTHR	UNITED THERAPEUTICS Corp	4,454	$2,170,211
MDGL	Madrigal Pharmaceuticals, Inc.	3,632	$2,115,058
CALX	Calix, Inc	37,697	$1,995,302
BRKR	Bruker Corp	41,629	$1,961,142
RNG	RingCentral, Inc.	66,704	$1,926,411
ILMN	Illumina, Inc.	14,371	$1,884,900
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,016 tracked positions · $8,752,955,497 total · filing declares 2,477 positions · $11,308,446,667 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,016 positions by value · page 1 of 41

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IBIT	iShares Bitcoin Trust ETF	Added	24,304,788	+5,697,230	$933,789,954	+1.1%	10.67%
QQQ	Invesco Qqq Trust, Series 1	Added	1,482,035	+1,082,035	$855,400,961	+248.1%	9.77%
MSFT	Microsoft Corp Technology	Added	1,611,410	+1,594,225	$596,495,639	+7077.2%	6.81%
NVDA	Nvidia Corp Technology	Added	2,960,428	+356,776	$516,298,643	+6.3%	5.90%
TSLA	Tesla, Inc. Consumer Cyclical	Added	1,123,875	+976,311	$417,800,531	+529.6%	4.77%
GLD	Spdr Gold Trust	Added	427,603	+411,608	$183,993,294	+2802.6%	2.10%
USO	United States Oil Fund, LP	NEW	1,400,000	NEW	$178,150,000	NEW	2.04%
AGNC	AGNC Investment Corp. PUT CALL + SHARES Real Estate	Added	12,695,770	+7,146,414	$127,338,573	+114.1%	1.45%
META	Meta Platforms, Inc. Communication Services	Added	208,822	+206,895	$119,473,330	+9292.6%	1.36%
PLTR	Palantir Technologies Inc. Technology	Added	791,246	+742,892	$115,743,464	+1246.6%	1.32%
BA	Boeing Co PUT CALL + SHARES Industrials	Added	522,876	+429,085	$104,068,009	+411.0%	1.19%
SNDK	Sandisk Corp Technology	Added	131,559	+8,197	$83,584,695	+185.4%	0.95%
UBER	Uber Technologies, Inc Technology	Added	1,116,853	+1,056,929	$80,335,236	+1540.7%	0.92%
NFLX	Netflix Inc Communication Services	Added	811,542	+638,981	$78,029,763	+382.3%	0.89%
MU	Micron Technology Inc Technology	Added	222,516	+206,371	$75,174,805	+1531.4%	0.86%
SCHW	Schwab Charles Corp Financial Services	Added	781,655	+778,503	$73,459,936	+23226.8%	0.84%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Reduced	271,567	-2,466	$68,920,988	−7.5%	0.79%
GM	General Motors Co Consumer Cyclical	Added	910,166	+839,806	$67,807,366	+1085.1%	0.77%
BABA	Alibaba Group Holding Ltd PUT CALL + SHARES Consumer Cyclical	Reduced	482,378	-758,172	$60,519,143	−66.7%	0.69%
CRWD	CrowdStrike Holdings, Inc. Technology	NEW	143,829	NEW	$56,152,279	NEW	0.64%
JD	JD.com, Inc. Consumer Cyclical	Added	1,649,000	+1,513,700	$48,760,930	+1155.7%	0.56%
ORCL	Oracle Corp Technology	Reduced	317,233	-84,942	$46,668,146	−40.5%	0.53%
COIN	Coinbase Global, Inc. Financial Services	Added	253,685	+213,963	$44,295,937	+393.1%	0.51%
COP	Conocophillips Energy	NEW	306,002	NEW	$40,392,264	NEW	0.46%
DIS	Walt Disney Co PUT + SHARES Communication Services	Added	408,445	+338,530	$39,365,929	+394.9%	0.45%
ABNB	Airbnb, Inc. PUT CALL + SHARES Consumer Cyclical	Added	309,740	+258,932	$39,113,967	+467.2%	0.45%
AMZN	Amazon Com Inc CALL + SHARES Consumer Cyclical	Added	173,640	+76,097	$36,164,002	+60.6%	0.41%
PPTA	Perpetua Resources Corp. Basic Materials	Added	1,225,000	+732,800	$34,447,000	+189.1%	0.39%
MTZ	Mastec Inc Industrials	Added	94,669	+86,020	$30,458,804	+1520.1%	0.35%
CME	Cme Group Inc. Financial Services	Reduced	102,706	-9,244	$30,334,217	−0.8%	0.35%
NB	Niocorp Developments Ltd Basic Materials	Added	6,485,000	+3,714,584	$28,923,100	+97.0%	0.33%
FTI	TechnipFMC plc Energy	NEW	417,708	NEW	$28,876,154	NEW	0.33%
MCD	Mcdonalds Corp Consumer Cyclical	Added	92,740	+91,551	$28,822,664	+7831.5%	0.33%
CMCSA	Comcast Corp Communication Services	Reduced	942,356	-100,657	$27,055,040	−13.2%	0.31%
EA	Electronic Arts Inc. Communication Services	Added	128,540	+26,540	$26,205,449	+25.7%	0.30%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	23,483	+16,522	$23,399,165	+289.8%	0.27%
GOOGL	Alphabet Inc. Communication Services	Reduced	80,984	-468,900	$23,287,759	−86.5%	0.27%
ASML	Asml Holding NV PUT CALL + SHARES Technology	NEW	17,608	NEW	$23,257,174	NEW	0.27%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	65,533	+24,662	$22,146,877	+78.3%	0.25%
BAC	Bank Of America Corp /De/ PUT CALL + SHARES Financial Services	Reduced	449,324	-2,613,635	$21,904,545	−87.0%	0.25%
XOM	ExxonMobil Holdings Corp Energy	Reduced	119,450	-139,167	$20,265,887	−34.9%	0.23%
CVX	Chevron Corp Energy	Added	97,185	+95,331	$20,107,575	+7016.0%	0.23%
FANG	Diamondback Energy, Inc. Energy	Added	100,192	+97,742	$19,816,975	+5280.5%	0.23%
LNG	Cheniere Energy, Inc. Energy	Added	65,278	+55,668	$18,523,285	+891.6%	0.21%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	180,500	-16,500	$18,443,490	−17.4%	0.21%
TMUS	T-Mobile US, Inc. Communication Services	Added	87,616	+82,401	$18,401,988	+1637.9%	0.21%
WMT	Walmart Inc. Consumer Defensive	Reduced	144,495	-831,128	$17,957,838	−83.5%	0.21%
CCJ	Cameco Corp Energy	Added	162,545	+4,920	$17,654,011	+22.4%	0.20%
CVBF	Cvb Financial Corp Financial Services	Added	895,386	+595,386	$17,361,534	+211.1%	0.20%
CSCO	Cisco Systems, Inc. Technology	Added	221,143	+108,631	$17,158,485	+98.0%	0.20%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.