Funds › Brevan Howard Capital Management LP › Q3 2022Brevan Howard Capital Management LP 13F holdings, Q3 2022 Brevan Howard Capital Management LP disclosed 59 US equity positions worth $262.6m in its Q3 2022 13F filing. Its largest position is MRNA at 22.5% of the reported book, followed by XLE and EMB. Versus Q2 2022 it opened 32 new positions, added to 18, reduced 3 and exited 9.
$263m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
59 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.5% Largest position The largest single position as a share of the reported equity book.
74.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
11 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 Q2 2022: 32 new , 18 added , 3 reduced , 9 exited
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Stock Sector Weight Value Shares Δ shares Action MRNA MODERNA INC Healthcare 22.5% $59.1m 500,000 +79% added XLE SELECT SECTOR SPDR TR – 9.2% $24.1m 334,000 – new EMB ISHARES TR – 9.0% $23.6m 297,000 – new HYG ISHARES TR – 7.6% $20.0m 280,000 – new CME CME GROUP INC Financial Services 6.9% $18.2m 102,553 0.0% held URA GLOBAL X FDS – 6.9% $18.1m 915,000 −47% reduced LQD ISHARES TR – 3.9% $10.2m 100,000 +1567% added GDS HLDGS LTD no ticker – 3.2% $8.5m 9.00m – new ATVIEUR ACTIVISION BLIZZARD INC – 3.2% $8.3m 111,543 +2131% added TRTX TPG RE FIN TR INC Real Estate 1.9% $5.0m 707,942 0.0% held IYR ISHARES TR – 1.6% $4.2m 51,486 – new VDE VANGUARD WORLD FD – 1.5% $4.1m 40,000 – new BILIBILI INC no ticker – 1.4% $3.7m 4.00m – new SGFYGBP SIGNIFY HEALTH INC – 1.4% $3.6m 123,719 – new GOOGL ALPHABET INC Communication Services 1.1% $2.9m 30,000 – new NOW SERVICENOW INC Technology 1.1% $2.8m 7,500 +178% added MSFT MICROSOFT CORP Technology 1.1% $2.8m 12,000 +109% added META META PLATFORMS INC Communication Services 1.0% $2.7m 20,000 +233% added IOVA IOVANCE BIOTHERAPEUTICS INC Healthcare 1.0% $2.7m 279,832 +37% added Concord Acquisition Corp no ticker – 0.9% $2.4m 4.03m +12% added DDOG DATADOG INC Technology 0.8% $2.2m 25,000 – new CTXSEUR CITRIX SYS INC – 0.8% $2.1m 20,000 – new 0C3 ENDEAVOR GROUP HLDGS INC – 0.8% $2.0m 100,000 +122% added DOCN DIGITALOCEAN HLDGS INC Technology 0.8% $2.0m 55,000 +57% added GTM ZOOMINFO TECHNOLOGIES INC Technology 0.7% $1.9m 45,000 – new IQ IQIYI INC Communication Services 0.7% $1.8m 660,000 – new TPICQEUR TPI COMPOSITES INC – 0.6% $1.7m 148,663 +78% added ASML ASML HLDG NV Technology 0.6% $1.7m 4,000 – new IQIYI INC no ticker – 0.6% $1.5m 2.10m – new SNAP SNAP INC Communication Services 0.6% $1.5m 2.00m – new EFA ISHARES TR – 0.5% $1.3m 23,292 −46% reduced KRBN KRANESHARES TR – 0.5% $1.3m 35,055 +310% added MRVL MARVELL TECHNOLOGY INC Technology 0.5% $1.3m 30,000 +30% added EZA ISHARES INC – 0.5% $1.3m 35,095 0.0% held BHC BAUSCH HEALTH COS INC Healthcare 0.4% $1.1m 155,000 – new BLCO BAUSCH PLUS LOMB CORP Healthcare 0.4% $1.0m 67,000 – new DHR DANAHER CORP DEL Healthcare 0.3% $856k 3,314 +84% added SEDG SOLAREDGE TECHNOLOGIES INC Technology 0.3% $846k 3,653 +339% added RUN SUNRUN INC Technology 0.3% $790k 28,621 – new A AGILENT TECHNOLOGIES INC Healthcare 0.3% $762k 6,273 +189% added ADBE ADOBE INC Technology 0.3% $733k 2,663 – new OC Owens Corning Inc Industrials 0.3% $721k 9,170 – new MLM MARTIN MARIETTA MATLS INC Basic Materials 0.2% $608k 1,888 +41% added LKQ LKQ CORP Consumer Cyclical 0.2% $490k 10,383 +50% added XIFR XPLR INFRASTRUCTURE LP Utilities 0.2% $468k 6,466 – new IHRT IHEARTMEDIA INC Communication Services 0.2% $440k 60,000 – new FSLR FIRST SOLAR INC Technology 0.2% $407k 3,076 0.0% held NEM NEWMONT CORP Basic Materials 0.2% $398k 9,467 0.0% held TRMB TRIMBLE INC Technology 0.1% $342k 6,299 – new VALE VALE S A Basic Materials 0.1% $338k 25,396 −87% reduced
Exited since Q2 2022 Sector mix Unclassified 54.1% Healthcare 25.0% Technology 7.0% Financial Services 6.9% Communication Services 3.5% Real Estate 1.9% Basic Materials 0.6% Industrials 0.5% Consumer Cyclical 0.3% Utilities 0.2% Book over time Every quarter on file (40) Where Brevan Howard Capital Management LP was early 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