Brevan Howard Capital Management LP

CIK

1512857

Location

ST. HELIER, Y9

Portfolio Value

Mid $8,772,340,485

Diversification

Diversified

Filing Date

Global Rank

#461 / 8,603 ▲ 135 · as of Mar 2026

Top Industry

Software - Infrastructure 13.1%

3Y Alpha vs SPY

-16.0%

Period ended 3 months ago

Filed May 15, 2026 · 55d

22 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+12.4%

SPY

+76.5%

Annualised alpha

-16.9%

Max drawdown

−26.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

2,012 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

10.6%

−4.5 pts

Top 5

37.8%

+4.8 pts

Top 10

46.1%

+3.9 pts

HHI

339

Diversified−22

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	24.6%	$2,159,349,513	8
Technology	24.5%	$2,151,735,862	312
Consumer Cyclical	11.4%	$1,004,046,422	222
Financial Services	10.4%	$915,246,176	325
Industrials	7.2%	$633,740,790	291
Communication Services	5.1%	$447,589,209	71
Healthcare	4.8%	$416,898,899	337
Energy	3.5%	$309,639,977	106
Basic Materials	2.8%	$246,927,151	112
Real Estate	2.4%	$213,505,930	89
Consumer Defensive	2.1%	$183,139,710	85
Utilities	1.0%	$90,520,846	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	$80,335,235
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	$36,968,490
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	$1,512,901
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
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
CRWD	CrowdStrike Holdings, Inc.	143,829	$14,038,069
MDLN	Medline Inc.	314,202	$13,981,989
LRCX	Lam Research Corp	60,065	$12,833,487
NU	Nu Holdings Ltd.	834,449	$11,991,031
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
HOLX	HOLOGIC INC	65,513	$4,880,063
UHS	Universal Health Services Inc	20,381	$4,443,465
ACLX	Arcellx, Inc.	60,178	$3,923,604
CPNG	Coupang, Inc.	153,972	$3,632,199
EXAS	EXACT SCIENCES CORP	35,637	$3,619,293
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
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,012 positions · $8,772,340,485 total · 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 2,012 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%	10.64%
QQQ	Invesco Qqq Trust, Series 1	Added	1,482,035	+1,082,035	$855,400,961	+248.1%	9.75%
MSFT	Microsoft Corp Technology	Added	1,611,410	+1,594,225	$596,495,639	+7077.2%	6.80%
NVDA	Nvidia Corp Technology	Added	2,960,428	+356,776	$516,298,643	+6.3%	5.89%
TSLA	Tesla, Inc. Consumer Cyclical	Added	1,123,875	+976,311	$417,800,531	+529.6%	4.76%
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	2.03%
AGNC	AGNC Investment Corp. 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 Industrials	Added	522,876	+429,085	$104,068,009	+411.0%	1.19%
SNDK	Sandisk Corp Technology	Added	131,559	+8,197	$83,584,694	+185.4%	0.95%
UBER	Uber Technologies, Inc Technology	Added	1,116,853	+1,056,929	$80,335,235	+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. 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 Consumer Cyclical	Reduced	482,378	-758,172	$60,519,143	−66.7%	0.69%
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%	0.50%
COP	Conocophillips Energy	NEW	306,002	NEW	$40,392,264	NEW	0.46%
DIS	Walt Disney Co Communication Services	Added	408,445	+338,530	$39,365,929	+394.9%	0.45%
ABNB	Airbnb, Inc. Consumer Cyclical	Added	309,740	+258,932	$39,113,967	+467.2%	0.45%
NAKA	Nakamoto Inc. Financial Services	Reduced	4,181,956	-4,349,867	$36,968,490	−69.1%	0.42%
AMZN	Amazon Com Inc 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	−7.4%	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 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/ Financial Services	Reduced	449,324	-2,613,635	$21,904,545	−87.0%	0.25%
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%
DD	DuPont de Nemours, Inc. Basic Materials	Added	141,296	+38,674	$19,414,070	+56.9%	0.22%
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%	0.20%
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%