# Brevan Howard Capital Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1512857. Source: https://holderbook.com/funds/1512857-brevan-howard-capital-management-lp/

- Reported value: $13.5B
- Positions: 1,929
- Weight of the ten largest: 42.2%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $898.2M | 1,202,676 | 6.7% | 1 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $820.5M | 323,830 | 6.1% | 5 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $656.1M | 7,205,004 | 4.9% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $566.7M | 2,338 | 4.2% | 5 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $563.3M | 109,058 | 4.2% | 5 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $545.9M | 0 | 4.0% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $507.7M | 657,548 | 3.8% | 8 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $420.6M | 1,978,054 | 3.1% | 4 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $419.8M | 250,000 | 3.1% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $297.5M | 348,404 | 2.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $280.7M | 418,592 | 2.1% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $238.2M | 583,127 | 1.8% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $212.0M | 63,194 | 1.6% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $134.5M | 23,066 | 1.0% | 8 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $126.4M | 217,647 | 0.9% | 6 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $117.6M | 3,240 | 0.9% | 2 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $116.7M | 0 | 0.9% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $107.2M | 43,649 | 0.8% | 13 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $104.5M | 102,164 | 0.8% | 7 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $103.3M | 0 | 0.8% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $92.5M | 77,094 | 0.7% | 9 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $86.8M | 178,745 | 0.6% | 8 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $81.5M | 156,731 | 0.6% | 8 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $76.6M | 52,396 | 0.6% | 4 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $76.1M | 82,240 | 0.6% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $75.3M | 231,722 | 0.6% | 10 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $74.8M | 40,561 | 0.6% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $74.6M | 463,648 | 0.6% | 9 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $70.4M | 36,298 | 0.5% | 5 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $68.9M | 19,770 | 0.5% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $67.1M | 404,553 | 0.5% | 6 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $62.6M | 0 | 0.5% | 5 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $57.8M | 25,408 | 0.4% | 4 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $57.1M | 196,567 | 0.4% | 2 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $56.6M | 482,681 | 0.4% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $56.2M | 95,763 | 0.4% | 13 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $51.6M | 14,913 | 0.4% | 3 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $50.0M | 66,979 | 0.4% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $47.4M | 34,247 | 0.4% | 11 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $42.9M | 152,190 | 0.3% | 2 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $41.6M | 4,325 | 0.3% | 6 |
| AGNC INVT CORP | [AGNC](https://holderbook.com/stocks/AGNC/) | $40.1M | 178,499 | 0.3% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $39.9M | 65,837 | 0.3% | 3 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $37.4M | 68,096 | 0.3% | 11 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $36.5M | 196,119 | 0.3% | 12 |
| NIOCORP DEVS LTD | [NB](https://holderbook.com/stocks/NB/) | $34.1M | 7,075,000 | 0.3% | 4 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $32.3M | 192,627 | 0.2% | 6 |
| CLOUDFLARE INC | - | $32.2M | 25,000,000 | 0.2% | 2 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $32.0M | 0 | 0.2% | 1 |
| ALIBABA GROUP HLDG LTD | - | $31.3M | 26,600,000 | 0.2% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $31.1M | 57,290 | 0.2% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $30.5M | 269,063 | 0.2% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $30.1M | 0 | 0.2% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $29.9M | 194,607 | 0.2% | 12 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $29.0M | 115,264 | 0.2% | 2 |
| ROUNDHILL ETF TRUST | - | $27.1M | 237,290 | 0.2% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $26.8M | 53,556 | 0.2% | 5 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $26.7M | 45,320 | 0.2% | 5 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $26.6M | 265,119 | 0.2% | 5 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $26.4M | 31,476 | 0.2% | 2 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $25.9M | 58,288 | 0.2% | 5 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $25.6M | 41,535 | 0.2% | 2 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $25.1M | 122,639 | 0.2% | 6 |
| CYBERARK SOFTWARE LTD | - | $24.7M | 15,000,000 | 0.2% | 1 |
| CENTERPOINT ENERGY INC | - | $24.3M | 20,000,000 | 0.2% | 3 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $24.1M | 101,388 | 0.2% | 5 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $23.6M | 107,048 | 0.2% | 10 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $23.6M | 61,932 | 0.2% | 1 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $23.4M | 85,961 | 0.2% | 2 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $23.3M | 1,559,228 | 0.2% | 7 |
| ATI INC | [ATI](https://holderbook.com/stocks/ATI/) | $23.2M | 117,553 | 0.2% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $22.8M | 0 | 0.2% | 1 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $22.4M | 52,661 | 0.2% | 5 |
| GLOBAL PMTS INC | - | $22.3M | 25,000,000 | 0.2% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.3M | 23,800 | 0.2% | 9 |
| PINNACLE WEST CAP CORP | - | $21.6M | 18,000,000 | 0.2% | 3 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $21.4M | 126,407 | 0.2% | 2 |
| CVB FINL CORP | [CVBF](https://holderbook.com/stocks/CVBF/) | $21.4M | 950,000 | 0.2% | 5 |
| DROPBOX INC | - | $20.2M | 20,000,000 | 0.1% | 1 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $19.2M | 2,840 | 0.1% | 2 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $18.8M | 19,114 | 0.1% | 11 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $18.3M | 2,348 | 0.1% | 3 |
| ROIVANT SCIENCES LTD | [ROIV](https://holderbook.com/stocks/ROIV/) | $18.3M | 517,621 | 0.1% | 2 |
| WEC ENERGY GROUP INC | - | $18.3M | 15,000,000 | 0.1% | 3 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $17.8M | 1,132,512 | 0.1% | 6 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $17.8M | 50,139 | 0.1% | 5 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $17.7M | 6,965 | 0.1% | 1 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $17.7M | 37,610 | 0.1% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $17.4M | 115,157 | 0.1% | 9 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $17.0M | 16,079 | 0.1% | 6 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $16.9M | 53,634 | 0.1% | 5 |
| JAZZ INVESTMENTS I LTD | - | $16.8M | 10,000,000 | 0.1% | 3 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $16.8M | 38,823 | 0.1% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $16.6M | 106,039 | 0.1% | 7 |
| SOUTHERN CO | - | $16.6M | 15,000,000 | 0.1% | 3 |
| POPULAR INC | [BPOP](https://holderbook.com/stocks/BPOP/) | $16.4M | 100,000 | 0.1% | 1 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $16.0M | 33,091 | 0.1% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.9M | 62,412 | 0.1% | 6 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $15.8M | 6,712 | 0.1% | 6 |
| WEC ENERGY GROUP INC | - | $15.6M | 15,000,000 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.9% | +14.8% | -2.9% | 86% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 70% |
| Q3 2023 | -7.1% | -3.6% | -3.5% | 89% |
| Q2 2022 | -13.3% | -16.5% | +3.1% | 103% |
| Q1 2022 | +9.5% | -4.9% | +14.5% | 96% |
| Q3 2021 | -14.1% | +0.3% | -14.3% | 71% |
| Q1 2021 | -6.7% | +6.0% | -12.7% | 70% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $13.5B | 1,929 |
| Q1 2026 | $11.3B | 2,069 |
| Q4 2025 | $9.2B | 1,644 |
| Q3 2025 | $22.4B | 1,817 |
| Q2 2025 | $17.3B | 1,749 |
| Q1 2025 | $10.4B | 1,092 |
| Q4 2024 | $15.6B | 971 |
| Q3 2024 | $14.4B | 1,079 |
| Q2 2024 | $11.2B | 995 |
| Q1 2024 | $11.1B | 939 |
| Q4 2023 | $8.2B | 975 |
| Q3 2023 | $7.8B | 355 |