Brevan Howard Capital Management LP

Exempt adviser

CIK

1512857

Location

ST. HELIER, Y9

Portfolio Value

Large $13,044,426,225

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

#461 / 8,827 ▼ 2

Top Industry

Semiconductors 10.9%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Exempt adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 161292

Roster of Nov 1, 2026

Private funds

30 funds · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$295,879,090,557 gross assets

LEI

549300DASLBT7SF5OU09

Private funds on Schedule D 7.B.(1)

As filed Aug 8, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$155,949,335,550 gross assets in 38 funds Hedge funds $155,949,335,550 (38)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Aug 2026 to Nov 2026	—	—
Apr 2026 to Jul 2026	—	—
Jul 2025 to Mar 2026	—	—
Sep 2024 to Jun 2025	—	—
Jul 2024 to Aug 2024	—	—
Dec 2023 to Jun 2024	—	—

5 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 32.3%, 39.7 effective positions, active share 54.1% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

150.8% over the last four quarters (100%+)

Horizon

Medium horizon

Value-weighted holding period 4.4 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 54.1%; sector active share 13.2% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,903 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

21.3%

+3.0 pts

Top 5

38.9%

−4.9 pts

Top 10

50.5%

−0.5 pts

HHI

575

Diversified+37

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	37.3%	$4,869,434,537	36
Technology	18.6%	$2,420,567,114	296
Consumer Cyclical	11.2%	$1,463,131,888	209
Financial Services	8.0%	$1,049,076,711	301
Industrials	7.0%	$916,309,067	276
Communication Services	5.1%	$663,628,907	76
Healthcare	5.0%	$657,574,578	285
Energy	2.6%	$340,941,646	95
Consumer Defensive	1.6%	$211,688,451	87
Basic Materials	1.5%	$197,794,548	90
Real Estate	1.0%	$132,821,395	98
Utilities	0.9%	$121,457,383	54

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ORBS	Eightco Holdings Inc.	+3,504,533	3,893,208	$2,709,672
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	+1,962,603	1,978,054	$148,057,341
FLG	Flagstar Bank, National Association	+1,544,802	1,559,228	$23,294,866
GUTS	Fractyl Health, Inc.	+683,952	916,321	$727,558
NB	Niocorp Developments Ltd	+590,000	7,075,000	$34,101,500
VNET	VNET Group, Inc.	+512,465	1,284,531	$10,327,629
RKT	Rocket Companies, Inc.	+480,478	1,132,512	$17,837,063
CRGY	Crescent Energy Co	+470,532	490,256	$4,814,313
PATH	UiPath, Inc.	+438,419	699,880	$7,607,695
AAPL	Apple Inc.	+431,560	583,127	$168,733,628
ROIV	Roivant Sciences Ltd.	+401,019	517,621	$18,318,607
CDE	Coeur Mining, Inc.	+371,500	525,098	$8,569,599
AUR	Aurora Innovation, Inc.	+356,967	407,100	$2,776,422
ARRY	Array Technologies, Inc.	+335,261	382,013	$2,830,716
BANC	Banc Of California, Inc.	+314,656	363,400	$7,424,262
ARI	Apollo Commercial Real Estate Finance, Inc.	+309,344	614,316	$6,560,894
OWL	Blue Owl Capital Inc.	+307,436	404,406	$3,538,552
CVX	Chevron Corp	+307,368	404,553	$67,058,705
SUPV	Grupo Supervielle S.A.	+302,096	697,057	$6,733,570
BAC	Bank Of America Corp	+284,724	463,648	$26,418,663
QS	QuantumScape Corp	+283,756	498,973	$3,772,235
DNOW	DNOW Inc.	+278,879	313,994	$4,072,502
AMZN	Amazon Com Inc	+274,764	348,404	$83,038,609
ALIT	Alight, Inc. / Delaware	+254,966	382,304	$214,090
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF	+251,737	482,681	$56,608,827
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IBIT	iShares Bitcoin Trust ETF	−17,099,784	7,205,004	$239,854,583
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	−6,170,000	250,000	$19,992,500
KEEL	Keel Infrastructure Corp.	−3,457,871	42,029	$241,246
XLF	State Street Corp	−2,494,715	5,285	$283,328
TLT	iShares 20+ Year Treasury Bond ETF	−2,426,170	323,830	$27,985,388
NVDA	Nvidia Corp	−2,302,880	657,548	$131,568,778
JD	JD.com, Inc.	−1,596,604	52,396	$1,335,050
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−1,480,230	19,770	$896,371
QQQ	Invesco Qqq Trust, Series 1	−1,479,697	2,338	$1,721,703
MSFT	Microsoft Corp	−1,192,818	418,592	$156,143,187
SVIA	Silvia, Inc.	−1,130,909	267,456	$411,882
UBER	Uber Technologies, Inc	−1,034,613	82,240	$5,934,437
TSLA	Tesla, Inc.	−1,014,817	109,058	$45,869,794
—		−985,087	14,913	$758,027
PPTA	Perpetua Resources Corp.	−834,160	390,840	$8,113,838
GM	General Motors Co	−814,403	95,763	$7,381,411
CMCSA	Comcast Corp	−813,933	128,423	$3,152,784
CORZ	Core Scientific, Inc.	−805,632	77,800	$1,990,902
NU	Nu Holdings Ltd.	−715,045	119,404	$1,595,237
PLTR	Palantir Technologies Inc.	−689,082	102,164	$11,919,473
SCHW	Schwab Charles Corp	−624,924	156,731	$14,461,569
—		−591,211	8,789	$730,102
WULF	Terawulf Inc.	−581,557	193,809	$4,787,082
NFLX	Netflix Inc	−579,820	231,722	$16,544,950
INTR	Inter & Co, Inc.	−569,969	60,307	$327,467
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IVV	iShares Core S&P 500 ETF	1,202,676	$900,672,029
MTSI	MACOM Technology Solutions Holdings, Inc.	61,932	$23,557,074
BPOP	Popular, Inc.	100,000	$16,418,000
ETN	Eaton Corp plc	37,610	$16,026,373
ALAB	Astera Labs, Inc.	33,091	$15,983,614
EC	Ecopetrol S.A.	828,314	$11,795,191
OFG	Ofg Bancorp	225,000	$11,040,750
SPCX	Space Exploration Technologies Corp	62,400	$10,661,664
ECH	iShares MSCI Chile ETF	250,976	$9,963,747
CARR	CARRIER GLOBAL Corp	129,967	$9,533,079
SYY	Sysco Corp	113,411	$9,478,891
SNX	Td Synnex Corp	34,509	$9,225,636
GDS	GDS Holdings Ltd	295,573	$8,876,057
SITM	SITIME Corp	11,812	$8,806,554
QCOM	Qualcomm Inc	45,461	$8,400,738
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	77,807	$8,319,901
AXSM	Axsome Therapeutics, Inc.	31,928	$7,815,015
—		226,932	$7,538,681
ENSG	Ensign Group, Inc	45,462	$7,287,558
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	66,979	$7,175,460
NBHC	National Bank Holdings Corp	150,000	$6,664,500
—		25,371	$6,246,593
SPXC	SPX Technologies, Inc.	24,524	$6,012,549
SEIC	Sei Investments Co	66,482	$5,831,136
CI	Cigna Group	21,050	$5,803,064
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FXI	iShares China Large-Cap ETF	6,030,000	$216,477,000
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	1,975,000	$215,255,250
GLD	Spdr Gold Trust	427,603	$183,993,294
EWZ	iShares MSCI Brazil ETF	3,070,495	$117,876,303
GDX	VanEck Gold Miners ETF	496,884	$45,599,044
—		1,117,500	$31,770,525
EEM	iShares MSCI Emerging Markets ETF	556,362	$31,595,797
FTI	TechnipFMC plc	417,708	$28,876,154
PDD	PDD Holdings Inc.	180,500	$18,443,490
CSCO	Cisco Systems, Inc.	221,143	$17,158,485
UUUU	Energy Fuels Inc	668,755	$12,204,778
NBIS	Nebius Group N.V.	99,400	$10,313,744
SII	Sprott Inc.	70,000	$10,003,000
BBD	Bank Bradesco	2,154,711	$7,864,695
HBM	Hudbay Minerals Inc.	374,816	$7,833,654
OPEN	Opendoor Technologies Inc.	1,647,734	$7,711,395
VZLA	Vizsla Silver Corp.	2,300,000	$7,590,000
BHF	Brighthouse Financial, Inc.	120,793	$7,233,084
ONDS	Ondas Inc.	746,124	$6,744,960
ESLT	Elbit Systems Ltd	7,588	$6,442,894
TIGO	Millicom International Cellular SA	84,425	$6,326,809
GEV	GE Vernova Inc.	7,221	$6,303,210
SUNB	Sunbelt Rentals Holdings, Inc.	93,672	$6,097,110
SYNA	SYNAPTICS Inc	76,968	$5,390,838
F	Ford Motor Co	451,949	$5,215,490
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,903 tracked positions · $13,044,426,225 total · filing declares 2,241 positions · $13,506,242,488 · as of Jun 30, 2026

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

Showing 1–50 of 1,903 positions by value · page 1 of 39

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	NEW	1,202,676	NEW	$900,672,029	NEW	1	unpriced	6.90%
TLT	iShares 20+ Year Treasury Bond ETF PUT CALL + SHARES	Added	9,493,830	+3,493,830	$820,456,788	+57.7%	3	unpriced	6.29%
IBIT	iShares Bitcoin Trust ETF PUT CALL + SHARES	Reduced	19,708,704	-4,596,084	$656,102,756	−29.7%	7	$45.05	5.03%
QQQ	Invesco Qqq Trust, Series 1 PUT CALL + SHARES	Reduced	769,538	-712,497	$566,687,783	−33.8%	4	$606.98	4.34%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Added	1,339,258	+215,383	$563,291,914	+34.8%	5	$406.27	4.32%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF PUT CALL	Added	5,005,000	+280,000	$545,895,350	+6.0%	—	—	4.18%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Reduced	2,537,423	-423,005	$507,712,966	−1.7%	8	$180.94	3.89%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF PUT CALL + SHARES	Added	5,618,854	+5,603,403	$420,571,221	+41680.0%	4	$69.93	3.22%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF PUT + SHARES	Reduced	5,250,000	-3,670,000	$419,842,500	−40.8%	2	unpriced	3.22%
AMZN	Amazon Com Inc CALL + SHARES Consumer Cyclical	Added	1,248,404	+1,074,764	$297,544,609	+722.8%	7	$239.88	2.28%
MSFT	Microsoft Corp CALL + SHARES Technology	Reduced	752,397	-859,013	$280,659,128	+385.7%	8	unpriced	2.15%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Added	823,127	+551,560	$238,180,028	+245.6%	7	$271.11	1.83%
GOOGL	Alphabet Inc. PUT CALL + SHARES Communication Services	Added	593,194	+512,210	$211,989,739	+810.3%	11	$163.69	1.63%
BA	Boeing Co PUT CALL + SHARES Industrials	Added	621,166	+98,290	$134,463,803	+29.2%	5	$227.30	1.03%
AMD	Advanced Micro Devices Inc Technology	Added	217,647	+208,161	$126,433,318	+6451.8%	5	$398.75	0.97%
CRWD	CrowdStrike Holdings, Inc. PUT CALL + SHARES Technology	Added	154,040	+10,211	$117,554,085	+109.3%	2	$423.87	0.90%
	CALL	Added	4,770,000	+3,652,500	$116,721,900	+267.4%	—	—	0.89%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Reduced	190,249	-18,573	$107,165,358	−10.3%	13	$641.35	0.82%
PLTR	Palantir Technologies Inc. PUT CALL + SHARES Technology	Added	895,764	+104,518	$104,508,785	−9.7%	7	$150.35	0.80%
LLY	ELI LILLY & Co Healthcare	Added	77,094	+59,975	$92,468,863	+487.3%	9	$969.16	0.71%
BABA	Alibaba Group Holding Ltd PUT CALL + SHARES Consumer Cyclical	Added	907,845	+425,467	$87,134,963	+44.0%	8	$127.63	0.67%
SCHW	Schwab Charles Corp PUT CALL + SHARES Financial Services	Added	878,631	+96,976	$81,071,282	+10.4%	8	$98.00	0.62%
JD	JD.com, Inc. PUT CALL + SHARES Consumer Cyclical	Added	3,019,196	+1,370,196	$76,929,114	+57.8%	2	$28.27	0.59%
UBER	Uber Technologies, Inc PUT CALL + SHARES Technology	Reduced	1,054,340	-62,513	$76,081,173	−5.3%	6	$77.67	0.58%
NFLX	Netflix Inc PUT CALL + SHARES Communication Services	Added	1,053,922	+242,380	$75,250,030	−3.6%	10	$89.74	0.58%
MU	Micron Technology Inc CALL + SHARES Technology	Reduced	64,761	-157,755	$74,752,974	−0.6%	11	$369.94	0.57%
BAC	Bank Of America Corp PUT CALL + SHARES Financial Services	Added	1,310,048	+860,724	$74,646,535	+240.8%	9	$50.91	0.57%
GS	Goldman Sachs Group Inc PUT CALL + SHARES Financial Services	Added	69,398	+65,556	$70,187,055	+2059.4%	5	$933.08	0.54%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF PUT CALL + SHARES	Added	1,519,770	+19,770	$68,906,371	+0.1%	3	unpriced	0.53%
CVX	Chevron Corp Energy	Added	404,553	+307,368	$67,058,705	+233.5%	6	$185.03	0.51%
EWY	iShares Trust CALL	Added	310,000	+17,615	$62,589,000	—	—	—	0.48%
BE	Bloom Energy Corp Industrials	Added	196,567	+177,315	$59,500,830	+2181.1%	2	$245.49	0.46%
SNDK	Sandisk Corp Technology	Reduced	25,408	-106,151	$57,770,931	−30.9%	4	$220.84	0.44%
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF	Added	482,681	+251,737	$56,608,827	+124.9%	2	$116.79	0.43%
GM	General Motors Co PUT CALL + SHARES Consumer Cyclical	Reduced	728,563	-181,603	$56,157,635	−17.2%	13	$79.35	0.43%
	PUT CALL + SHARES	Added	1,014,913	+14,913	$51,588,027	+3.2%	2	$50.16	0.40%
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF PUT CALL + SHARES	NEW	466,979	NEW	$50,027,460	NEW	1	$113.96	0.38%
GOOG	Alphabet Inc. CALL + SHARES Communication Services	Added	134,247	+82,653	$47,433,492	+220.5%	11	$186.01	0.36%
COP	Conocophillips PUT CALL + SHARES Energy	Added	412,790	+106,788	$42,913,647	+6.2%	2	$110.73	0.33%
ABNB	Airbnb, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	290,925	-18,815	$41,631,367	+6.4%	6	$128.07	0.32%
AGNC	AGNC Investment Corp. PUT + SHARES Real Estate	Reduced	3,678,499	-9,017,271	$40,095,639	−68.5%	6	$10.60	0.31%
DIS	Walt Disney Co PUT CALL + SHARES Communication Services	Added	414,037	+5,592	$39,851,061	+1.2%	3	$105.76	0.31%
COIN	Coinbase Global, Inc. PUT CALL + SHARES Financial Services	Added	256,096	+2,411	$37,438,674	−15.5%	9	$198.36	0.29%
C	Citigroup Inc CALL + SHARES Financial Services	Added	258,519	+118,149	$36,182,319	+127.3%	12	$90.30	0.28%
NB	Niocorp Developments Ltd Basic Materials	Added	7,075,000	+590,000	$34,101,500	+17.9%	4	$5.58	0.26%
TMUS	T-Mobile US, Inc. Communication Services	Added	192,627	+105,011	$32,309,326	+75.6%	6	$197.71	0.25%
SOXX	iShares Semiconductor ETF CALL	NEW	50,000	NEW	$32,038,000	NEW	—	—	0.25%
AVGO	Broadcom Inc. CALL + SHARES Technology	Added	82,290	+61,190	$31,085,047	+376.0%	4	$380.48	0.24%
WMT	Walmart Inc. Consumer Defensive	Added	269,063	+124,568	$30,474,075	+69.7%	7	$114.41	0.23%
CSCO	Cisco Systems, Inc. PUT CALL Technology	Added	256,000	+34,857	$30,069,760	+75.2%	—	—	0.23%

Showing the top 50 of 1,903 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.