WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q1 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-03-31, filed 2022-05-16

Brevan Howard Capital Management LP disclosed 25 US equity positions worth $132.9m in its Q1 2022 13F filing. Its largest position is CME at 18.4% of the reported book, followed by URA and BIDU. Versus Q4 2021 it opened 16 new positions, added to 5, reduced 1 and exited 8.

$133m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
25
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.4%
Largest position
The largest single position as a share of the reported equity book.
85.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 2021: 16 new, 5 added, 1 reduced, 8 exited

25 rows
CME CME GROUP INCFinancial Services18.4%$24.4m102,5530.0%held
URA GLOBAL X FDS–16.2%$21.5m962,776+141%added
BIDU BAIDU INCCommunication Services11.7%$15.5m117,1000.0%held
IJH ISHARES TR–10.4%$13.8m51,262+266%added
MRNA MODERNA INCHealthcare7.1%$9.5m55,000–new
XLE SELECT SECTOR SPDR TR–6.7%$9.0m117,100+395%added
TRTX TPG RE FIN TR INCReal Estate4.5%$6.0m508,734–new
EWY ISHARES INC–4.0%$5.3m75,000+233%added
CONCORD ACQUISITION CORP no ticker–3.5%$4.6m463,541–new
ICLN ISHARES TR–2.9%$3.8m176,211–new
EWH ISHARES INC–2.7%$3.5m157,000–new
KRE SPDR SERIES TRUST–2.6%$3.5m50,139–new
DBC INVESCO DB COMMDY INDX TRCK–2.2%$2.9m111,911–new
XOP SPDR SERIES TRUST–1.8%$2.4m18,112–new
EZA ISHARES INC–1.5%$1.9m35,095+119%added
ATOM ATOMERA INC–1.0%$1.3m97,9040.0%held
TPICQEUR TPI COMPOSITES INC–0.9%$1.2m83,630–new
VALE VALE S ABasic Materials0.5%$653k32,679−96%reduced
ALB ALBEMARLE CORPBasic Materials0.4%$556k2,515–new
DHR DANAHER CORP DELHealthcare0.3%$412k1,405–new
A AGILENT TECHNOLOGIES INCHealthcare0.2%$288k2,173–new
DAR DARLING INGREDIENTS INCConsumer Defensive0.2%$252k3,141–new
MLM MARTIN MARIETTA MATLS INCBasic Materials0.2%$236k612–new
APTV APTIV PLCConsumer Cyclical0.2%$223k1,865–new
XIFR XPLR INFRASTRUCTURE LPUtilities0.2%$208k2,499–new

Exited since Q4 2021

8 rows
GDX VANECK ETF TRUST28.1%$32.0m
SCHF SCHWAB STRATEGIC TR2.3%$2.7m
SCZ ISHARES TR2.2%$2.4m
EZU ISHARES INC1.9%$2.2m
LICYUSD LI-CYCLE HOLDINGS CORP1.5%$1.8m
OIH VANECK ETF TRUST0.9%$981k
VDE VANGUARD WORLD FD0.5%$514k
IREN IREN LIMITED0.3%$319k

Sector mix

  • Unclassified56.2%
  • Financial Services18.4%
  • Communication Services11.7%
  • Healthcare7.7%
  • Real Estate4.5%
  • Basic Materials1.1%
  • Consumer Defensive0.2%
  • Consumer Cyclical0.2%
  • Utilities0.2%

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