Brevan Howard Capital Management LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Brevan Howard Capital Management LP disclosed 1728 US equity positions worth $9.1bn in its Q2 2025 13F filing. The largest position was IBIT at 25.3% of the reported book, followed by BLACKROCK ETF TRUST II and GOOGL. Against the Q1 2025 filing, it opened 12 new positions, added to 35 and reduced 3 among the top 50 holdings.
What did Brevan Howard Capital Management LP own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | IBIT ISHARES BITCOIN TRUST ETF | 25.3% | $2.3bn | 37,506,057 | 74% | added | |
| 2 | BLACKROCK ETF TRUST II | 5.1% | $460.5m | 60,706,457 | – | new | |
| 3 | GOOGL ALPHABET INC | Communication Services | 1.7% | $156.8m | 889,880 | 6703% | added |
| 4 | MSFT MICROSOFT CORP | Technology | 1.4% | $129.6m | 260,505 | 75% | added |
| 5 | PLTR PALANTIR TECHNOLOGIES INC | Technology | 1.4% | $128.4m | 941,874 | 240% | added |
| 6 | HYG ISHARES TR | 1.3% | $117.3m | 1,455,000 | 2863% | added | |
| 7 | AMZN AMAZON COM INC | Consumer Cyclical | 1.2% | $104.7m | 477,123 | 1862% | added |
| 8 | APP APPLOVIN CORP | Communication Services | 1.0% | $92.3m | 263,755 | – | new |
| 9 | VCIT VANGUARD SCOTTSDALE FDS | 0.7% | $62.0m | 750,000 | – | new | |
| 10 | GOOG ALPHABET INC | Communication Services | 0.6% | $58.3m | 328,929 | 1688% | added |
| 11 | BAC BANK AMERICA CORP | Financial Services | 0.6% | $52.9m | 1,117,901 | 298% | added |
| 12 | CME CME GROUP INC | Financial Services | 0.5% | $48.2m | 174,716 | 63% | added |
| 13 | META META PLATFORMS INC | Communication Services | 0.5% | $45.1m | 61,106 | -34% | reduced |
| 14 | APH AMPHENOL CORP NEW | Technology | 0.5% | $44.4m | 449,345 | – | new |
| 15 | TMUS T-MOBILE US INC | Communication Services | 0.5% | $43.0m | 180,383 | 337% | added |
| 16 | JPM JPMORGAN CHASE & CO. | Financial Services | 0.4% | $40.0m | 138,021 | 127% | added |
| 17 | AAPL APPLE INC | Technology | 0.4% | $36.7m | 179,102 | -51% | reduced |
| 18 | MRK MERCK & CO INC | Healthcare | 0.4% | $35.5m | 448,919 | – | new |
| 19 | CRM SALESFORCE INC | Technology | 0.4% | $35.4m | 129,798 | 105% | added |
| 20 | HOOD ROBINHOOD MKTS INC | Financial Services | 0.4% | $34.0m | 362,988 | – | new |
| 21 | EXMOC EXXON MOBIL CORP | 0.4% | $33.9m | 314,196 | 60% | added | |
| 22 | PGR PROGRESSIVE CORP | Financial Services | 0.4% | $33.8m | 126,688 | – | new |
| 23 | GS GOLDMAN SACHS GROUP INC | Financial Services | 0.4% | $33.8m | 47,768 | – | new |
| 24 | MSTR MICROSTRATEGY INC | Technology | 0.3% | $30.4m | 75,116 | – | new |
| 25 | MA MASTERCARD INCORPORATED | Financial Services | 0.3% | $29.5m | 53,333 | -4% | reduced |
| 26 | HES HESS CORP | 0.3% | $29.2m | 211,061 | 45% | added | |
| 27 | WMT WALMART INC | Consumer Defensive | 0.3% | $29.1m | 297,535 | 1539% | added |
| 28 | CVX CHEVRON CORP NEW | Energy | 0.3% | $28.7m | 200,526 | 3717% | added |
| 29 | FISV FISERV INC | 0.3% | $28.6m | 166,154 | – | new | |
| 30 | WFC WELLS FARGO CO NEW | Financial Services | 0.3% | $28.0m | 347,594 | 32% | added |
| 31 | CAT CATERPILLAR INC | Industrials | 0.3% | $26.6m | 68,638 | 120% | added |
| 32 | KR KROGER CO | Consumer Defensive | 0.3% | $26.6m | 371,327 | 2419% | added |
| 33 | UNP UNION PAC CORP | Industrials | 0.3% | $26.3m | 114,367 | 234% | added |
| 34 | WELL WELLTOWER INC | Real Estate | 0.3% | $26.1m | 169,844 | 256% | added |
| 35 | AFL AFLAC INC | Financial Services | 0.3% | $25.9m | 245,455 | 503% | added |
| 36 | PEP PEPSICO INC | Consumer Defensive | 0.3% | $24.4m | 184,977 | 3705% | added |
| 37 | V VISA INC | Financial Services | 0.3% | $24.4m | 68,603 | – | new |
| 38 | PG PROCTER AND GAMBLE CO | Consumer Defensive | 0.3% | $24.3m | 152,311 | 1815% | added |
| 39 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.3% | $23.9m | 76,575 | 1043% | added |
| 40 | WMB WILLIAMS COS INC | Energy | 0.3% | $23.5m | 374,202 | 4985% | added |
| 41 | CI THE CIGNA GROUP | Healthcare | 0.3% | $22.9m | 69,373 | 209% | added |
| 42 | APO APOLLO GLOBAL MGMT INC | Financial Services | 0.2% | $22.2m | 155,602 | 1119% | added |
| 43 | QCOM QUALCOMM INC | Technology | 0.2% | $22.2m | 140,237 | 274% | added |
| 44 | ADBE ADOBE INC | Technology | 0.2% | $21.8m | 56,388 | 260% | added |
| 45 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $21.6m | 141,719 | 121% | added |
| 46 | TJX TJX COS INC NEW | Consumer Cyclical | 0.2% | $21.6m | 174,789 | 251% | added |
| 47 | XLP SELECT SECTOR SPDR TR | 0.2% | $21.5m | 265,431 | 604% | added | |
| 48 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 0.2% | $21.4m | 3,703 | 799% | added |
| 49 | INSM INSMED INC | Healthcare | 0.2% | $20.4m | 202,594 | – | new |
| 50 | C CITIGROUP INC | Financial Services | 0.2% | $19.2m | 225,675 | 159% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.