Brevan Howard Capital Management LP
CIK: 0001512857Latest portfolio: $9.2B · Q4 2025
Holdings
1,644
Total Value
$9.2B
New Positions
428
Closed Positions
600
Top Holdings
View All 1,644 Holdings →| # | Stock | Shares | Value | % Portfolio | Change | Type |
|---|---|---|---|---|---|---|
| 1 | IBITISHARES BITCOIN TRUST ETF | 18,607,558 | $922.0M | 10.07% | -23,345,690 | Put |
| 2 | LQDISHARES TR | 5,915,000 | $650.0M | 7.10% | -85,000 | Put |
| 3 | NVDANVIDIA CORPORATION | 2,603,652 | $482.0M | 5.26% | +583K | Put |
| 4 | FTKIFIRST TR EXCHANGE TRADED FD | 57,081,120 | $450.0M | 4.91% | NEW | |
| 5 | HYGISHARES TR | 4,903,200 | $394.0M | 4.30% | -3,708,600 | Put |
| 6 | PDDPDD HOLDINGS INC | 197,000 | $357.0M | 3.90% | -871,375 | Put |
| 7 | NDQINVESCO QQQ TR | 400,000 | $244.0M | 2.66% | NEW | Call |
| 8 | TLTISHARES TR | 2,160,000 | $187.0M | 2.04% | +160K | Put |
| 9 | BABAALIBABA GROUP HLDG LTD | 1,240,550 | $178.0M | 1.94% | +476K | Put |
| 10 | GOOGLALPHABET INC | 549,884 | $171.0M | 1.87% | NEW | |
| 11 | BACBANK AMERICA CORP | 3,062,959 | $167.0M | 1.82% | NEW | Call |
| 12 | GOOGALPHABET INC | 480,053 | $149.0M | 1.63% | NEW | |
| 13 | IVVISHARES TR | 162,970 | $112.0M | 1.22% | NEW | |
| 14 | WMTWALMART INC | 975,623 | $108.0M | 1.18% | NEW | Call |
| 15 | XLUSELECT SECTOR SPDR TR | 1,920,000 | $81.0M | 0.88% | NEW | Put |
| 16 | BIDUNBAIDU INC | 613,003 | $77.0M | 0.84% | -2,085,602 | Put |
| 17 | ORCLORACLE CORP | 402,175 | $77.0M | 0.84% | NEW | Call |
| 18 | AAPLAPPLE INC | 274,033 | $73.0M | 0.80% | NEW | |
| 19 | AVGOBROADCOM INC | 211,631 | $73.0M | 0.80% | +161K | |
| 20 | XHBSPDR SERIES TRUST | 660,000 | $67.0M | 0.73% | +496K | Call |
| 21 | BBARRICK MNG CORP | 1,499,501 | $65.0M | 0.71% | NEW | |
| 22 | TSLATESLA INC | 147,564 | $65.0M | 0.71% | NEW | Put |
| 23 | AGNCAGNC INVT CORP | 5,549,356 | $59.0M | 0.64% | +3.4M | Put |
| 24 | ASHRDBX ETF TR | 1,606,857 | $52.0M | 0.57% | -10,605,577 | Call |
| 25 | XLBSELECT SECTOR SPDR TR | 1,000,000 | $44.0M | 0.48% | NEW | Put |
Quarterly Changes
New Positions
Increased Positions
Sector Breakdown
Financial ServicesNaN% ($InfinityT)
TechnologyNaN% ($InfinityT)
Consumer CyclicalNaN% ($InfinityT)
UnknownNaN% ($InfinityT)
HealthcareNaN% ($InfinityT)
IndustrialsNaN% ($InfinityT)
Energy0.0% ($2.8000160001200067e+164T)
Real Estate0.0% ($5.9000500050004e+159T)
Basic Materials0.0% ($6.500040000190002e+152T)
Consumer Defensive0.0% ($1.080001100060006e+138T)
Communication Services0.0% ($1.710001490003e+132T)
Utilities0.0% ($1.4000600050004e+114T)
Filing History
| Quarter | Filing Date | Portfolio Value | Holdings |
|---|---|---|---|
| Q4 2025 | Feb 17, 2026 | $9.2B | 1,878 |
| Q3 2025 | Nov 14, 2025 | $22.4T | 2,007 |
| Q2 2025 | Aug 14, 2025 | $17.3T | 1,894 |
| Q1 2025 | May 15, 2025 | $10.4T | 1,752 |
| Q4 2024 | Feb 14, 2025 | $15.6T | 1,263 |
| Q3 2024 | Nov 14, 2024 | $14365.1T | 1,179 |
| Q2 2024 | Aug 14, 2024 | $11191.8T | 1,022 |
| Q1 2024 | May 15, 2024 | $11097.7T | 987 |
| Q4 2023 | Feb 14, 2024 | $8183.0T | 1,030 |
| Q3 2023 | Nov 14, 2023 | $7760.6T | 403 |
| Q2 2023 | Aug 14, 2023 | $4790.0T | 209 |
| Q1 2023 | May 15, 2023 | $3809.3T | 127 |
| Q4 2022 | Feb 14, 2023 | $2991.6T | 88 |
| Q3 2022 | Nov 14, 2022 | $2.7T | 76 |
| Q2 2022 | Aug 15, 2022 | $2.4T | 48 |
| Q1 2022 | May 16, 2022 | $1.9T | 34 |
| Q4 2021 | Feb 14, 2022 | $138.0B | 20 |
| Q3 2021 | Nov 12, 2021 | $769.6B | 36 |
| Q2 2021 | Aug 13, 2021 | $364.9B | 41 |
| Q1 2021 | May 14, 2021 | $680.6B | 55 |
| Q4 2020 | Feb 12, 2021 | $498.6B | 26 |
| Q3 2017 | Nov 14, 2017 | $43.5B | 30 |
| Q2 2017 | Aug 14, 2017 | $19.7B | 3 |
| Q1 2017 | May 15, 2017 | $20.5B | 2 |
| Q4 2016 | Feb 14, 2017 | $33.9B | 2 |
| Q3 2016 | Nov 14, 2016 | $1.2T | 13 |
| Q2 2016 | Aug 15, 2016 | $913.4B | 5 |
| Q1 2016 | May 16, 2016 | $1.3T | 17 |
| Q4 2015 | Feb 16, 2016 | $198.1B | 12 |
| Q3 2015 | Nov 16, 2015 | $198.4B | 19 |
| Q2 2015 | Aug 14, 2015 | $324.4B | 28 |
| Q1 2015 | May 15, 2015 | $277.1B | 20 |
| Q4 2014 | Feb 17, 2015 | $180.2B | 9 |
| Q3 2014 | Nov 14, 2014 | $287.6B | 13 |
| Q2 2014 | Aug 14, 2014 | $215.8B | 14 |
| Q1 2014 | May 15, 2014 | $207.4B | 14 |
| Q4 2013 | Feb 14, 2014 | $287.7B | 23 |
| Q3 2013 | Nov 14, 2013 | $214.3B | 32 |
| Q2 2013 | Aug 14, 2013 | $573.4B | 29 |
Fund Information
Brevan Howard Capital Management LP is an institutional investment manager that files 13F reports with the SEC. As of the Q4 2025 filing, the fund reported a portfolio valued at $9.2B across 1,644 holdings. The largest position is ISHARES BITCOIN TRUST ETF (IBIT), representing 10.1% of the portfolio. Compared to the previous quarter, the fund opened 486 new positions and closed 659 positions. 13F filings are required quarterly disclosures that provide transparency into the holdings of institutional investment managers with at least $100 million in qualifying assets.