WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q1 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-03-31, filed 2021-05-14

Brevan Howard Capital Management LP disclosed 33 US equity positions worth $150.5m in its Q1 2021 13F filing. Its largest position is GDX at 21.6% of the reported book, followed by PBR and CME. Versus Q4 2020 it opened 18 new positions, added to 0, reduced 13 and exited 4.

$150m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
33
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.6%
Largest position
The largest single position as a share of the reported equity book.
72.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
9
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
40
Quarters on file since Q3 2013
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2020: 18 new, 0 added, 13 reduced, 4 exited

33 rows
GDX VANECK ETF TRUST–21.6%$32.5m1.00m0.0%held
PBR PETROLEO BRASILEIRO S AEnergy19.7%$29.7m3.50m–new
CME CME GROUP INCFinancial Services13.9%$20.9m102,5530.0%held
KOPN KOPIN CORP–2.7%$4.0m385,927–new
NET CLOUDFLARE INCTechnology2.7%$4.0m57,100−49%reduced
QCLN FIRST TR EXCHANGE-TRADED FD–2.6%$4.0m57,900−60%reduced
FSLY FASTLY INCTechnology2.5%$3.7m55,635−38%reduced
KB KB FINANCIAL GROUP INCFinancial Services2.3%$3.5m70,000–new
EMGA EMAGIN CORP–2.1%$3.2m839,455–new
ICLN ISHARES TR–2.1%$3.1m129,100−30%reduced
NTLA INTELLIA THERAPEUTICS INCHealthcare2.0%$3.0m36,788−37%reduced
PBW INVESCO EXCHANGE TRADED FD T–1.9%$2.9m29,256−70%reduced
TWST TWIST BIOSCIENCE CORPHealthcare1.9%$2.8m22,711−80%reduced
XYZ BLOCK INCTechnology1.8%$2.7m12,100−37%reduced
ATOM ATOMERA INC–1.8%$2.7m108,782–new
NVTA1EUR INVITAE CORP–1.7%$2.5m65,820−29%reduced
BEAM BEAM THERAPEUTICS INCHealthcare1.6%$2.4m30,000–new
DDOG DATADOG INCTechnology1.5%$2.2m26,750–new
EDIT EDITAS MEDICINE INCHealthcare1.3%$2.0m47,176−38%reduced
DESKTOP METAL INC no ticker–1.3%$2.0m131,850–new
BE BLOOM ENERGY CORPIndustrials1.3%$1.9m70,700−56%reduced
XONECHF EXONE CO–1.2%$1.9m59,400–new
BLDP BALLARD PWR SYS INC NEWIndustrials1.2%$1.8m75,200−58%reduced
CRSP CRISPR THERAPEUTICS AGHealthcare1.2%$1.8m14,911−36%reduced
II-VI INC no ticker–1.1%$1.6m23,620–new
NNOX NANO X IMAGING LTD–0.8%$1.2m28,400–new
DDD 3D SYS CORP DELTechnology0.7%$1.1m40,600–new
U UNITY SOFTWARE INCTechnology0.7%$1.0m10,200–new
SSYS STRATASYS LTDTechnology0.6%$909k35,100–new
AI C3 AI INCTechnology0.6%$882k13,380–new
VERI VERITONE INCTechnology0.6%$877k36,585–new
MTLS MATERIALISE NV–0.5%$809k22,500–new
PRLB PROTO LABS INCIndustrials0.5%$804k6,600–new

Exited since Q4 2020

4 rows
TUR ISHARES INC6.5%$11.3m
ARKG ARK ETF TR5.6%$9.7m
JD JD.COM INC3.8%$6.5m
TTCFQ TATTOOED CHEF INC2.0%$3.4m

Sector mix

  • Unclassified41.4%
  • Energy19.7%
  • Financial Services16.2%
  • Technology11.7%
  • Healthcare8.0%
  • Industrials3.0%

Book over time

Every quarter on file (40)
QuarterPositionsEquity book
Q2 20261,908$7.1bn
Q1 20262,006$10.0bn
Q4 20251,618$5.2bn
Q3 20251,799$7.0bn
Q2 20251,727$9.1bn
Q1 20251,076$3.6bn
Q4 2024963$4.0bn
Q3 20241,049$2.1bn
Q2 2024970$1.5bn
Q1 2024913$1.1bn
Q4 2023958$994m
Q3 2023326$337m
Q2 2023153$544m
Q1 202391$454m
Q4 202271$343m
Q3 202259$263m
Q2 202236$137m
Q1 202225$133m
Q4 202117$114m
Q3 202128$165m
Q2 202129$120m
Q1 202133$150m
Q4 202019$172m
Q3 201730$43.5m
Q2 20173$19.7m
Q1 20171$12.2m
Q4 20162$33.9m
Q3 201612$102m
Q2 20163$35.2m
Q1 201613$208m
Q4 201512$198m
Q3 201519$198m
Q2 201527$302m
Q1 201516$161m
Q4 20148$170m
Q3 20149$238m
Q2 20149$127m
Q1 201411$144m
Q4 201314$207m
Q3 201318$61.7m

Where Brevan Howard Capital Management LP was early

25 rows
MCHI ISHARES TRQ4 20131 of 580.2%8.5%6Exited by Q2 2015+13%
XRT SPDR SER TRQ4 20132 of 7710.7%13.8%3Exited by Q1 2025+81%
EEM ISHARES TRQ4 20137 of 1344.0%71.1%16Exited by Q2 2026+36%
FXI ISHARES TRQ4 20138 of 13549.9%49.9%8Exited by Q2 2026−6.4%
GLD SPDR GOLD TRQ4 201313 of 19122.8%24.8%9Exited by Q2 2026+271%
RDN RADIAN GROUP INCQ1 20144 of 1202.3%4.1%10Held at last filing, Q2 2026+151%
AAXJ ISHARESQ4 20141 of 3111.6%11.6%2Exited by Q2 2015+5.0%
BMA BANCO MACRO S AQ1 20151 of 831.8%2.6%11Held at last filing, Q2 2026+62%
PAM PAMPA ENERGIA SAQ1 20151 of 725.1%16.1%13Held at last filing, Q2 2026+365%
AGRO ADECOAGRO S AQ1 20152 of 787.9%18.1%5Exited by Q2 2016+13%
GGAL GRUPO FINANCIERO GALICIA S.AQ1 20152 of 965.7%9.9%12Held at last filing, Q2 2026+116%
CRESY CRESUD S A C I F Y AQ1 20153 of 323.8%11.7%5Exited by Q2 2016−15%
EDN EMPRESA DIST Y COMERCIAL NORQ1 20153 of 291.0%2.4%10Held at last filing, Q2 2026+54%
TX TERNIUM SAQ1 20153 of 525.0%9.1%4Exited by Q1 2016−31%
NMIH NMI HLDGS INCQ1 20157 of 1131.4%1.4%11Held at last filing, Q2 2026+449%
CFG CITIZENS FINL GROUP INCQ1 201510 of 1715.0%5.0%13Held at last filing, Q2 2026+190%
IBB ISHARES NASDAQ BIOTECHQ3 201611 of 12023.5%65.1%5Exited by Q3 2024+42%
LQD ISHARES TRQ2 20176 of 10124.2%24.2%11Exited by Q2 2026−9.6%
KOPN KOPIN CORPQ1 20211 of 682.7%2.7%5Exited by Q2 2025−91%
ATOM Atomera IncQ1 20212 of 421.8%1.9%6Exited by Q3 2022−62%
DDOG DATADOG INCQ1 202123 of 2671.5%2.3%11Held at last filing, Q2 2026+212%
URA GLOBAL X FDSQ3 20212 of 823.0%23.3%13Exited by Q1 2026+80%
EWY ISHARES INCQ4 202112 of 1131.5%4.0%3Exited by Q2 2026+58%
DOCN DIGITALOCEAN HLDGS INCQ2 202210 of 1751.1%1.2%11Held at last filing, Q2 2026+280%
ETHA ISHARES ETHEREUM TRQ4 20243 of 642.3%2.3%4Exited by Q1 2026−11%

Concentration and tenure

23.1%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
76.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
1
Median completed holding, quarters