Brevan Howard Capital Management LP Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$17.3T

Holdings

1,749

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (1,749 positions)

#StockSharesValue% PortfolioType
1
IBITISHARES BITCOIN TRUST ETF
37,906,057$2.3T13.43%Put
2
METAMETA PLATFORMS INC
1,661,106$1.2T7.10%Call
3
AMZNAMAZON COM INC
4,947,123$1.1T6.28%Call
4
HYGISHARES TR
11,517,000$928.8B5.38%Put
5
MSFTMICROSOFT CORP
1,760,205$875.5B5.07%Put
6
GOOGALPHABET INC
4,408,929$782.1B4.53%Call
7
EEMISHARES TR
15,350,000$740.5B4.29%Put
8
GOOGLALPHABET INC
3,299,380$581.4B3.37%Call
9
IVVBBLACKROCK ETF TRUST II
60,706,457$460.5B2.67%
10
NDQINVESCO QQQ TR
675,000$372.4B2.16%Call
11
IWMISHARES TR
1,571,000$339.0B1.96%Put
12
EWZISHARES INC
9,560,000$275.8B1.60%Put
13
SPYSPDR S&P 500 ETF TR
370,000$228.6B1.32%Put
14
JPMJPMORGAN CHASE & CO.
466,521$135.2B0.78%Call
15
PLTRPALANTIR TECHNOLOGIES INC
941,874$128.4B0.74%
16
WFCWELLS FARGO CO NEW
1,522,994$122.7B0.71%Call
17
BACBANK AMERICA CORP
2,149,101$101.7B0.59%Call
18
APPAPPLOVIN CORP
263,755$92.3B0.53%
19
TLTISHARES TR
1,002,480$88.5B0.51%Call
20
GSGOLDMAN SACHS GROUP INC
114,968$81.2B0.47%Call
21
AGNCAGNC INVT CORP
8,188,280$75.3B0.44%Put
22
FXIISHARES TR
2,000,000$73.5B0.43%Put
23
BABOEING CO
301,831$63.2B0.37%Put
24
XLVSELECT SECTOR SPDR TR
466,063$62.8B0.36%Put
25
VCITVANGUARD SCOTTSDALE FDS
750,000$62.0B0.36%
26
COINCOINBASE GLOBAL INC
168,252$59.0B0.34%Put
27
LQDISHARES TR
535,000$58.6B0.34%Put
28
DWDMORGAN STANLEY
394,200$55.5B0.32%Call
29
XLBSELECT SECTOR SPDR TR
624,900$54.9B0.32%Call
30
NVDANVIDIA CORPORATION
346,255$54.7B0.32%Put
31
XLFISELECT SECTOR SPDR TR
665,431$53.9B0.31%Put
32
PDDPDD HOLDINGS INC
31,875$53.2B0.31%Put
33
CMECME GROUP INC
174,716$48.2B0.28%
34
APHAMPHENOL CORP NEW
449,345$44.4B0.26%
35
PPLTABRDN PLATINUM ETF TRUST
360,000$44.2B0.26%Call
36
TMUST-MOBILE US INC
180,383$43.0B0.25%
37
AAPLAPPLE INC
179,102$36.7B0.21%
38
EWYISHARES INC
500,000$35.9B0.21%Call
39
MRKMERCK & CO INC
448,919$35.5B0.21%
40
CRMSALESFORCE INC
129,798$35.4B0.20%
41
MAMASTERCARD INCORPORATED
63,333$35.1B0.20%Put
42
HOODROBINHOOD MKTS INC
362,988$34.0B0.20%
43
XOMEXXON MOBIL CORP
314,196$33.9B0.20%
44
PGRPROGRESSIVE CORP
126,688$33.8B0.20%
45
MIGAMICROSTRATEGY INC
75,116$30.4B0.18%
46
HESHESS CORP
211,061$29.2B0.17%
47
WMTWALMART INC
297,535$29.1B0.17%
48
CVXCHEVRON CORP NEW
200,526$28.7B0.17%
49
FISVFISERV INC
166,154$28.6B0.17%
50
UNHUNITEDHEALTH GROUP INC
91,575$28.6B0.17%Put
51
ADBEADOBE INC
71,488$27.7B0.16%Put
52
CATCATERPILLAR INC
68,638$26.6B0.15%
53
KRKROGER CO
371,327$26.6B0.15%
54
UNPUNION PAC CORP
114,367$26.3B0.15%
55
WELLWELLTOWER INC
169,844$26.1B0.15%
56
AFLAFLAC INC
245,455$25.9B0.15%
57
BIDUNBAIDU INC
300,000$25.7B0.15%Put
58
QCOMQUALCOMM INC
160,237$25.4B0.15%Put
59
XLESELECT SECTOR SPDR TR
295,200$25.0B0.14%Call
60
XHBSPDR SERIES TRUST
250,000$24.6B0.14%Call
61
SCHWSCHWAB CHARLES CORP
269,609$24.6B0.14%Put
62
PEPPEPSICO INC
184,977$24.4B0.14%
63
VVISA INC
68,603$24.4B0.14%
64
PGPROCTER AND GAMBLE CO
152,311$24.3B0.14%
65
WMBWILLIAMS COS INC
374,202$23.5B0.14%
66
CITHE CIGNA GROUP
69,373$22.9B0.13%
67
KBESPDR SERIES TRUST
400,000$22.3B0.13%Call
68
APOAPOLLO GLOBAL MGMT INC
155,602$22.2B0.13%
69
XLKSELECT SECTOR SPDR TR
87,300$22.1B0.13%Call
70
JNJJOHNSON & JOHNSON
141,719$21.6B0.13%
71
TJXTJX COS INC NEW
174,789$21.6B0.12%
72
BKNGBOOKING HOLDINGS INC
3,703$21.4B0.12%
73
PYPLPAYPAL HLDGS INC
276,937$20.6B0.12%Put
74
IM8NINSMED INC
202,594$20.4B0.12%
75
AMDADVANCED MICRO DEVICES INC
139,565$19.8B0.11%Put
76
TRVCCITIGROUP INC
225,675$19.2B0.11%
77
GWREGUIDEWIRE SOFTWARE INC
76,660$18.0B0.10%
78
FYBRFRONTIER COMMUNICATIONS PARE
495,418$18.0B0.10%
79
BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD
14,000,000$17.8B0.10%
80
HONHONEYWELL INTL INC
75,104$17.5B0.10%
81
NFLXNETFLIX INC
13,049$17.5B0.10%
82
LMTLOCKHEED MARTIN CORP
37,650$17.4B0.10%
83
SFMSPROUTS FMRS MKT INC
105,545$17.4B0.10%
84
CMCSACOMCAST CORP NEW
480,794$17.2B0.10%
85
TAT&T INC
588,179$17.0B0.10%
86
CSXCSX CORP
515,401$16.8B0.10%
87
AJGGALLAGHER ARTHUR J & CO
51,969$16.6B0.10%
88
BXBLACKSTONE INC
110,977$16.6B0.10%
89
ECLECOLAB INC
61,441$16.6B0.10%
90
AMATAPPLIED MATLS INC
90,180$16.5B0.10%
91
EQTEQT CORP
279,716$16.3B0.09%
92
DISDISNEY WALT CO
131,471$16.3B0.09%
93
4I1PHILIP MORRIS INTL INC
88,216$16.1B0.09%
94
AITAPPLIED INDL TECHNOLOGIES IN
68,575$15.9B0.09%
95
SLBSCHLUMBERGER LTD
469,311$15.9B0.09%Put
96
LLYELI LILLY & CO
20,176$15.7B0.09%
97
NDAQNASDAQ INC
172,058$15.4B0.09%
98
NKENIKE INC
216,065$15.3B0.09%Put
99
NEMNEWMONT CORP
261,334$15.2B0.09%Call
100
CRSCARPENTER TECHNOLOGY CORP
54,995$15.2B0.09%
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