WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q2 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-06-30, filed 2024-08-14

Brevan Howard Capital Management LP disclosed 970 US equity positions worth $1.5bn in its Q2 2024 13F filing. Its largest position is HYG at 3.8% of the reported book, followed by AAPL and XLF. Versus Q1 2024 it opened 500 new positions, added to 328, reduced 135 and exited 443.

$1.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
970
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
3.8%
Largest position
The largest single position as a share of the reported equity book.
18.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
149
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 Q1 2024: 500 new, 328 added, 135 reduced, 443 exited

50 of 970
HYG ISHARES TR–3.8%$57.9m750,000–new
AAPL APPLE INCTechnology3.3%$50.2m238,299+113%added
XLF SELECT SECTOR SPDR TR–2.1%$31.9m775,000–new
EXMOC EXXON MOBIL CORP–1.6%$23.9m207,796+2690%added
UNH UNITEDHEALTH GROUP INCHealthcare1.5%$23.2m45,639+766%added
CME CME GROUP INCFinancial Services1.4%$22.1m112,295+9.5%added
SMCIUSD SUPER MICRO COMPUTER INC–1.3%$20.5m25,027–new
GOOG ALPHABET INCCommunication Services1.3%$20.0m108,931+77%added
WFC WELLS FARGO & COFinancial Services1.3%$19.6m329,874+1154%added
CAT CATERPILLAR INCIndustrials1.2%$18.2m54,666+914%added
Nio Inc no ticker–1.2%$18.1m20.00m+82%added
JPM JPMORGAN CHASE & COFinancial Services1.1%$16.9m83,745+558%added
BiliBili Inc no ticker–1.1%$16.8m20.00m0.0%held
COP CONOCOPHILLIPSEnergy0.9%$14.3m124,731–new
FCX FREEPORT MCMORAN INCBasic Materials0.9%$13.6m280,040–new
BAC BANK OF AMER CORPFinancial Services0.9%$13.5m340,132–new
TMO THERMO FISHER SCIENTIFIC INCHealthcare0.9%$13.5m24,340–new
HES HESS CORP–0.8%$12.8m86,999−33%reduced
SMH VANECK ETF TRUST–0.7%$10.9m41,786−51%reduced
XLU SELECT SECTOR SPDR TR–0.7%$10.8m158,996–new
META META PLATFORMS INCCommunication Services0.7%$10.7m21,288−36%reduced
CI THE CIGNA GROUPHealthcare0.7%$10.2m30,858–new
IWM ISHARES TR–0.7%$10.0m49,391–new
BRK/B BERKSHIRE HATHAWAY INC DEL–0.6%$9.9m24,397–new
CTAS CINTAS CORPIndustrials0.6%$9.8m13,927+365%added
LMT LOCKHEED MARTIN CORPIndustrials0.6%$9.6m20,559+1500%added
SE SEA LTDConsumer Cyclical0.6%$9.4m10.00m0.0%held
S9Q SPIRIT AEROSYSTEMS HLDGS INC–0.6%$9.2m280,419+139%added
ICLR ICON PLCHealthcare0.6%$8.7m27,877–new
FIS FIDELITY NATL INFORMATION SVTechnology0.5%$8.3m109,683+833%added
TT TRANE TECHNOLOGIES PLCIndustrials0.5%$7.8m23,658+442%added
CEG CONSTELLATION ENERGY CORPUtilities0.5%$7.7m38,686+1932%added
APH AMPHENOL CORPTechnology0.5%$7.6m113,110–new
MPC Marathon Petroleum CorpEnergy0.5%$7.6m43,849+165%added
V VISA INCFinancial Services0.5%$7.5m28,727+20%added
PRU PRUDENTIAL FINL INCFinancial Services0.5%$7.2m61,745–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.5%$7.0m15,512–new
F FORD MTR COConsumer Cyclical0.4%$6.6m525,307+12%added
PH PARKER-HANNIFIN CORPIndustrials0.4%$6.5m12,853+156%added
NOC NORTHROP GRUMMAN CORPIndustrials0.4%$6.1m13,923–new
ILMN ILLUMINA INCHealthcare0.4%$6.1m58,023–new
CORZ CORE SCIENTIFIC INC NEWTechnology0.4%$5.9m636,223+200%added
MSTR STRATEGY INCTechnology0.4%$5.9m4,291+158%added
PYPL PAYPAL HLDGS INCFinancial Services0.4%$5.9m101,803–new
IQV IQVIA HLDGS INCHealthcare0.4%$5.9m27,739–new
HD HOME DEPOT INCConsumer Cyclical0.4%$5.8m16,992+127%added
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical0.4%$5.8m92,961+51545%added
APO APOLLO GLOBAL MGMT INCFinancial Services0.4%$5.7m48,189−57%reduced
ELV ELEVANCE HEALTH INCHealthcare0.4%$5.7m10,465+255%added
FYBR FRONTIER COMMUNICATIONS PARE–0.4%$5.7m216,588+106%added

Exited since Q1 2024

443 rows
WDAY WORKDAY INC2.9%$31.5m
PXDEUR PIONEER NAT RES CO2.0%$22.2m
KKR KKR & CO INC1.6%$18.0m
QQQ INVESCO QQQ TR1.6%$17.4m
CRWD CROWDSTRIKE HLDGS INC1.4%$16.0m
MRK MERCK & CO. INC1.2%$13.0m
MSFT MICROSOFT CORP1.2%$12.9m
WSC WILLSCOT HLDGS CORP1.1%$12.5m
DOCU DOCUSIGN INC0.9%$10.4m
FTI TECHNIPFMC PLC0.8%$9.3m
RHP RYMAN HOSPITALITY PPTYS INC0.8%$9.2m
AME AMETEK INC0.8%$8.7m
NVDA NVIDIA CORPORATION0.7%$7.7m
CPE* CALLON PETE CO DEL0.7%$7.3m
ADP AUTOMATIC DATA PROCESSING IN0.6%$7.0m
MSGE MADISON SQUARE GARDEN ENTMT0.6%$6.4m
DUOL DUOLINGO INC0.6%$6.3m
YOU CLEAR SECURE INC0.5%$5.8m
APG API GROUP CORP0.5%$5.2m
NXT NEXTPOWER INC0.4%$4.7m
M Macy's, Inc0.4%$4.6m
HP5A EQUITY COMWLTH0.4%$4.3m
MP MP MATERIALS CORP0.4%$4.0m
8L8C LIBERTY BROADBAND CORP0.4%$3.9m
BUR BURFORD CAPITAL LIMITED0.4%$3.9m
IYR ISHARES TR0.3%$3.8m
DELL DELL TECHNOLOGIES INC0.3%$3.6m
VTY VERINT SYS INC0.3%$3.5m
DDOG DATADOG INC0.3%$3.4m
EWZ ISHARES INC0.3%$3.2m
LEG LEGGETT & PLATT INC0.3%$3.1m
RIOT RIOT PLATFORMS INC0.3%$3.1m
REGN REGENERON PHARMACEUTICALS0.3%$3.0m
DOCN DIGITALOCEAN HLDGS INC0.3%$2.9m
ECL ECOLAB INC0.2%$2.7m
ESRT EMPIRE ST RLTY TR INC0.2%$2.7m
KRYS KRYSTAL BIOTECH INC0.2%$2.5m
PEP PEPSICO INC0.2%$2.4m
VIRT VIRTU FINL INC0.2%$2.4m
EEM ISHARES TR0.2%$2.3m
HTZ HERTZ GLOBAL HLDGS INC0.2%$2.2m
LRCX LAM RESEARCH CORP0.2%$2.2m
AGM FEDERAL AGRIC MTG CORP0.2%$2.1m
AZEK AZEK CO INC0.2%$2.0m
RIG TRANSOCEAN LTD0.2%$2.0m
AD ARRAY DIGITAL INFRASTRUCTURE0.2%$2.0m
MS MORGAN STANLEY0.2%$2.0m
MDC1USD M D C HLDGS INC0.2%$2.0m
CVS CVS HEALTH CORP0.2%$1.9m
MCO MOODYS CORP0.2%$1.9m

Sector mix

  • Unclassified21.9%
  • Financial Services13.9%
  • Industrials13.5%
  • Technology12.1%
  • Healthcare11.0%
  • Consumer Cyclical8.5%
  • Energy4.6%
  • Communication Services4.6%
  • Basic Materials3.2%
  • Consumer Defensive3.1%
  • Real Estate2.1%
  • Utilities1.7%

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