WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q1 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-03-31, filed 2024-05-15

Brevan Howard Capital Management LP disclosed 913 US equity positions worth $1.1bn in its Q1 2024 13F filing. Its largest position is WDAY at 2.9% of the reported book, followed by PXDEUR and CME. Versus Q4 2023 it opened 407 new positions, added to 263, reduced 238 and exited 452.

$1.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
913
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
2.9%
Largest position
The largest single position as a share of the reported equity book.
18.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
152
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 2023: 407 new, 263 added, 238 reduced, 452 exited

50 of 913
WDAY WORKDAY INCTechnology2.9%$31.5m115,500+3228%added
PXDEUR PIONEER NAT RES CO–2.0%$22.2m84,676+5801%added
CME CME GROUP INCFinancial Services2.0%$22.1m102,553–new
HES HESS CORP–1.8%$20.0m130,702+184%added
AAPL APPLE INCTechnology1.7%$19.2m111,790+130%added
SMH VANECK ETF TRUST–1.7%$19.0m84,597–new
KKR KKR & CO INCFinancial Services1.6%$18.0m178,906–new
QQQ INVESCO QQQ TR–1.6%$17.4m39,106−35%reduced
BiliBili Inc no ticker–1.5%$16.8m20.00m+11%added
META META PLATFORMS INCCommunication Services1.5%$16.0m33,028+145%added
CRWD CROWDSTRIKE HLDGS INCTechnology1.4%$16.0m49,758+2775%added
GM General Motors CorpConsumer Cyclical1.2%$13.3m292,772+851%added
MRK MERCK & CO. INCHealthcare1.2%$13.0m98,883+228%added
MSFT MICROSOFT CORPTechnology1.2%$12.9m30,652+677%added
WSC WILLSCOT HLDGS CORPIndustrials1.1%$12.5m269,410+429%added
APO APOLLO GLOBAL MGMT INCFinancial Services1.1%$12.5m111,322–new
AVGO BROADCOM INCTechnology1.0%$11.1m8,356+662%added
ESTC ELASTIC N VTechnology1.0%$10.9m108,301–new
DOCU DOCUSIGN INCTechnology0.9%$10.4m175,286+1561%added
NIO 0.5 02/27 no ticker–0.9%$9.7m11.00m+267%added
RTX RTX CORPORATIONIndustrials0.9%$9.5m96,971+1638%added
SE SEA LTDConsumer Cyclical0.9%$9.4m10.00m+33%added
GOOG ALPHABET INCCommunication Services0.8%$9.3m61,408+56%added
FTI TECHNIPFMC PLCEnergy0.8%$9.3m371,366–new
RHP RYMAN HOSPITALITY PPTYS INCReal Estate0.8%$9.2m79,397+522%added
AME AMETEK INCIndustrials0.8%$8.7m9.60m–new
GOOGL ALPHABET INCCommunication Services0.7%$7.8m51,383+183%added
NVDA NVIDIA CORPORATIONTechnology0.7%$7.7m8,518−62%reduced
MMM 3M COIndustrials0.7%$7.5m70,875+2144%added
CPE* CALLON PETE CO DEL–0.7%$7.3m203,174+644%added
ADP AUTOMATIC DATA PROCESSING INTechnology0.6%$7.0m28,052+311%added
ALL ALLSTATE CORPFinancial Services0.6%$6.7m38,999+337%added
V VISA INCFinancial Services0.6%$6.7m23,961+5.4%added
MSGE MADISON SQUARE GARDEN ENTMTCommunication Services0.6%$6.4m163,596–new
DUOL DUOLINGO INCTechnology0.6%$6.3m28,365–new
F FORD MTR COConsumer Cyclical0.6%$6.2m470,030+967%added
ITW ILLINOIS TOOL WKS INCIndustrials0.6%$6.2m23,189+1651%added
NFLX NETFLIX INC.Communication Services0.5%$5.9m9,739–new
YOU CLEAR SECURE INCTechnology0.5%$5.8m274,319+251%added
DIS DISNEY WALT COCommunication Services0.5%$5.7m46,761−3.8%reduced
TRTX TPG RE FIN TR INCReal Estate0.5%$5.4m704,7380.0%held
APG API GROUP CORPIndustrials0.5%$5.2m131,501+469%added
AXP AMERICAN EXPRESS COFinancial Services0.4%$4.8m21,098+632%added
NXT NEXTPOWER INCTechnology0.4%$4.7m83,327–new
SWN1EUR SOUTHWESTERN ENERGY CO–0.4%$4.7m618,295+3912%added
EME EMCOR GROUP INCIndustrials0.4%$4.7m13,289+57%added
M Macy's, IncConsumer Cyclical0.4%$4.6m230,000–new
HP5A EQUITY COMWLTH–0.4%$4.3m229,365+1059%added
S9Q SPIRIT AEROSYSTEMS HLDGS INC–0.4%$4.2m117,299−54%reduced
MP MP MATERIALS CORPBasic Materials0.4%$4.0m278,041–new

Exited since Q4 2023

452 rows
EMB ISHARES TR11.1%$111m
HYG ISHARES TR3.9%$38.7m
VNET 0 02/26 no ticker1.9%$18.5m
NIO 0 02/26 no ticker1.7%$16.4m
SPIB SPDR SERIES TRUST1.2%$11.5m
LQD ISHARES TR0.9%$8.6m
SPLKCHF SPLUNK INC0.8%$8.1m
BA BOEING CO0.4%$4.1m
SCHD SCHWAB STRATEGIC TR0.4%$4.1m
KWEB KRANESHARES TRUST0.4%$4.0m
FXI ISHARES TR0.4%$3.7m
BAC BANK OF AMER CORP0.4%$3.6m
XLP SELECT SECTOR SPDR TR0.4%$3.5m
XLI SELECT SECTOR SPDR TR0.3%$3.4m
LOW LOWES COS INC0.3%$3.4m
LTHM1EUR LIVENT CORP0.3%$2.9m
KIE SPDR SERIES TRUST0.3%$2.7m
RUN SUNRUN INC0.3%$2.7m
WW6 WW INTL INC0.3%$2.6m
AMH AMERICAN HOMES 4 RENT0.3%$2.5m
NOBL PROSHARES TR0.2%$2.4m
COIN COINBASE GLOBAL INC0.2%$2.4m
LLY ELI LILLY & CO0.2%$2.4m
BRK/B BERKSHIRE HATHAWAY INC DEL0.2%$2.3m
COST COSTCO WHOLESALE CORPORATION0.2%$2.3m
SDY SPDR SERIES TRUST0.2%$2.0m
TSLA TESLA INC0.2%$2.0m
RBA RB GLOBAL INC0.2%$2.0m
NOW SERVICENOW INC0.2%$2.0m
ABBV ABBVIE INC0.2%$2.0m
TDG TRANSDIGM GROUP INC0.2%$1.9m
T AT&T INC0.2%$1.7m
EOG EOG Resources Inc0.2%$1.6m
DXCM DEXCOM INC0.2%$1.6m
KRBN KRANESHARES TR0.2%$1.6m
WMT WALMART INC0.1%$1.5m
LYV LIVE NATION ENTERTAINMENT IN0.1%$1.4m
CTSH COGNIZANT TECHNOLOGY SOLUTIO0.1%$1.4m
NI NISOURCE INC0.1%$1.4m
STZ CONSTELLATION BRANDS INC0.1%$1.4m
DHI D R HORTON INC0.1%$1.4m
CVX CHEVRON CORPORATION0.1%$1.3m
FLT1EUR FLEETCOR TECHNOLOGIES INC0.1%$1.3m
FISV FISERV INC0.1%$1.3m
SUI SUN CMNTYS INC0.1%$1.3m
COR CENCORA INC0.1%$1.3m
GDX VANECK ETF TRUST0.1%$1.3m
PFE PFIZER INC0.1%$1.2m
HCA HCA HEALTHCARE INC0.1%$1.2m
HTZ-WEUR HERTZ GLOBAL HLDGS INC0.1%$1.2m

Sector mix

  • Technology21.2%
  • Unclassified18.3%
  • Financial Services14.7%
  • Industrials11.8%
  • Consumer Cyclical8.9%
  • Healthcare6.4%
  • Communication Services6.1%
  • Real Estate4.5%
  • Energy3.0%
  • Basic Materials2.5%
  • Consumer Defensive1.6%
  • Utilities1.1%

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