WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q4 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-12-31, filed 2022-02-14

Brevan Howard Capital Management LP disclosed 17 US equity positions worth $113.9m in its Q4 2021 13F filing. Its largest position is GDX at 28.1% of the reported book, followed by CME and BIDU. Versus Q3 2021 it opened 11 new positions, added to 1, reduced 2 and exited 22.

$114m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
17
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
28.1%
Largest position
The largest single position as a share of the reported equity book.
93.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
6
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 Q3 2021: 11 new, 1 added, 2 reduced, 22 exited

17 rows
GDX VANECK ETF TRUST–28.1%$32.0m1.00m0.0%held
CME CME GROUP INCFinancial Services20.6%$23.4m102,5530.0%held
BIDU BAIDU INCCommunication Services15.3%$17.4m117,100−33%reduced
VALE VALE S ABasic Materials9.9%$11.2m800,000–new
URA GLOBAL X FDS–8.0%$9.1m400,000+95%added
IJH ISHARES TR–3.5%$4.0m14,000–new
SCHF SCHWAB STRATEGIC TR–2.3%$2.7m68,500–new
SCZ ISHARES TR–2.2%$2.4m33,500–new
EZU ISHARES INC–1.9%$2.2m45,000–new
ATOM ATOMERA INC–1.7%$2.0m97,9040.0%held
LICYUSD LI-CYCLE HOLDINGS CORP–1.5%$1.8m176,300−51%reduced
EWY ISHARES INC–1.5%$1.8m22,500–new
XLE SELECT SECTOR SPDR TR–1.2%$1.3m23,633–new
OIH VANECK ETF TRUST–0.9%$981k5,305–new
EZA ISHARES INC–0.7%$745k16,051–new
VDE VANGUARD WORLD FD–0.5%$514k6,623–new
IREN IREN LIMITEDFinancial Services0.3%$319k19,757–new

Exited since Q3 2021

22 rows
QQQ INVESCO QQQ TR21.7%$35.8m
EEM ISHARES TR4.6%$7.6m
NET CLOUDFLARE INC3.5%$5.8m
SPAQUSD FISKER INC2.3%$3.9m
DDOG DATADOG INC2.1%$3.4m
TWST TWIST BIOSCIENCE CORP1.3%$2.2m
PBW INVESCO EXCHANGE TRADED FD T1.2%$2.0m
FSLY FASTLY INC1.2%$2.0m
KOPN KOPIN CORP1.1%$1.8m
EMGA EMAGIN CORP1.0%$1.7m
NVTA1EUR INVITAE CORP1.0%$1.7m
II-VI INC no ticker0.8%$1.3m
XONECHF EXONE CO0.8%$1.3m
U UNITY SOFTWARE INC0.7%$1.2m
DDD 3D SYS CORP DEL0.6%$1.0m
TPG PACE BEN FIN CORP no ticker0.6%$934k
DESKTOP METAL INC no ticker0.5%$851k
VERI VERITONE INC0.5%$787k
SSYS STRATASYS LTD0.4%$680k
NNOX NANO X IMAGING LTD0.3%$575k
MTLS MATERIALISE NV0.2%$407k
PRLB PROTO LABS INC0.2%$396k

Sector mix

  • Unclassified54.0%
  • Financial Services20.9%
  • Communication Services15.3%
  • Basic Materials9.9%

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