WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q1 2026

Hedge fundSEC filingsCompare with another fundHoldings as of 2026-03-31, filed 2026-05-15

Brevan Howard Capital Management LP disclosed 2006 US equity positions worth $10.0bn in its Q1 2026 13F filing. Its largest position is IBIT at 9.3% of the reported book, followed by QQQ and HYG. Versus Q4 2025 it opened 796 new positions, added to 637, reduced 564 and exited 408.

$10.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
2,006
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.3%
Largest position
The largest single position as a share of the reported equity book.
43.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
37
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 2025: 796 new, 637 added, 564 reduced, 408 exited

50 of 2,006
IBIT ISHARES BITCOIN TRUST ETF–9.3%$934m24.30m+338%added
QQQ INVESCO QQQ TR–8.5%$855m1.48m+6637%added
HYG ISHARES TR–5.1%$511m6.42m–new
NVDA NVIDIA CORPORATIONTechnology5.0%$503m2.96m+487%added
TSLA TESLA INCConsumer Cyclical4.2%$418m1.12m+719%added
PDD PDD HOLDINGS INCConsumer Cyclical2.9%$295m180,500–new
TLT ISHARES TR–2.4%$238m2.75m+1619%added
FXI ISHARES TR–2.2%$216m6.03m–new
LQD ISHARES TR–2.1%$215m1.98m+527%added
GLD SPDR GOLD TRUST–1.8%$184m427,603+42875%added
XLF SELECT SECTOR SPDR TR–1.2%$123m2.50m–new
EWZ ISHARES INC–1.2%$118m3.07m–new
META META PLATFORMS INCCommunication Services1.2%$115m208,822+10737%added
PLTR PALANTIR TECHNOLOGIES INCTechnology1.1%$112m791,246+1645%added
BA BOEING COIndustrials1.0%$102m511,019+9206%added
SNDK SANDISK CORPTechnology0.8%$83.6m131,559+6.6%added
UBER UBER TECHNOLOGIES INCTechnology0.8%$78.6m1.12m+1764%added
NFLX NETFLIX INC.Communication Services0.8%$76.6m811,542+621%added
MU MICRON TECHNOLOGY INCTechnology0.7%$75.2m222,516+1278%added
SCHW SCHWAB CHARLES CORPFinancial Services0.7%$72.3m781,655+24699%added
XLU SELECT SECTOR SPDR TR–0.7%$68.8m1.50m+1150%added
GM General Motors CorpConsumer Cyclical0.7%$67.8m910,166+22318%added
MSFT MICROSOFT CORPTechnology0.6%$57.8m1.61m+17070%added
CRWD CROWDSTRIKE HLDGS INCTechnology0.6%$56.2m143,829–new
ALIBABA GROUP HLDG LTD no ticker–0.5%$51.1m37.50m+32%added
XLB SELECT SECTOR SPDR TR–0.5%$50.0m1.00m–new
XLP SELECT SECTOR SPDR TR–0.5%$49.2m600,000–new
JD JD.COM INCConsumer Cyclical0.5%$47.8m1.65m–new
ORCL ORACLE CORPTechnology0.5%$46.7m317,233+26%added
GDX VANECK ETF TRUST–0.5%$45.6m496,884+83%added
COIN COINBASE GLOBAL INCFinancial Services0.4%$42.0m253,685+1894%added
COP CONOCOPHILLIPSEnergy0.4%$40.4m306,002–new
AAPL APPLE INCTechnology0.4%$38.5m151,567−45%reduced
EWY ISHARES INC–0.4%$36.0m292,385–new
EVRG EVERGY INCUtilities0.4%$35.1m25.02m−0.1%held
PPTA PERPETUA RESOURCES CORP–0.3%$32.9m1.23m+149%added
KWEB KRANESHARES TRUST–0.3%$31.8m1.12m+3753%added
EEM ISHARES TR–0.3%$31.6m556,362–new
SNOW SNOWFLAKE INCTechnology0.3%$30.5m25.00m+66%added
CME CME GROUP INCFinancial Services0.3%$30.3m102,706−8.3%reduced
MTZ MASTEC INCIndustrials0.3%$29.5m94,669+995%added
FTI TECHNIPFMC PLCEnergy0.3%$28.9m417,708–new
MCD MCDONALDS CORPConsumer Cyclical0.3%$28.6m92,740+7700%added
NB NIOCORP DEVS LTD–0.3%$28.0m6.49m+153%added
CMCSA COMCAST CORP NEWCommunication Services0.3%$27.1m942,356+559%added
EA ELECTRONIC ARTS INCCommunication Services0.3%$26.2m128,540+26%added
NET CLOUDFLARE INCTechnology0.3%$25.8m20.01m+235777%added
XLY SELECT SECTOR SPDR TR–0.3%$25.2m230,944–new
DIS DISNEY WALT COCommunication Services0.2%$24.0m254,345+6567%added
GLOBAL PMTS INC no ticker–0.2%$23.6m27.00m–new

Exited since Q4 2025

408 rows
FIRST TR EXCHANGE TRADED FD no ticker8.6%$452m
IVV ISHARES TR2.1%$112m
SPOTIFY USA INC no ticker0.7%$37.4m
FORD MTR CO no ticker0.6%$31.4m
LNT ALLIANT ENERGY CORP0.4%$20.9m
FYBR FRONTIER COMMUNICATIONS PARE0.4%$20.0m
NOW SERVICENOW INC0.2%$12.5m
BIIB BIOGEN INC0.2%$12.5m
BIDU BAIDU INC0.2%$11.9m
DAY 0.25 03/26 no ticker0.2%$9.9m
TTD THE TRADE DESK INC0.2%$9.8m
ASTS AST SPACEMOBILE INC0.2%$8.0m
FCNCA FIRST CTZNS BANCSHARES INC N0.1%$7.5m
SYY SYSCO CORP0.1%$7.2m
PEP PEPSICO INC0.1%$7.0m
ETHA ISHARES ETHEREUM TR0.1%$6.5m
CSX CSX CORP0.1%$6.4m
TEVA TEVA PHARMACEUTICAL INDS LTD0.1%$6.2m
KSA ISHARES TR0.1%$5.8m
HO1 HOLOGIC INC0.09%$4.9m
CONFLUENT INC no ticker0.09%$4.9m
UHS UNIVERSAL HLTH SVCS INC0.09%$4.4m
SE SEA LTD0.08%$4.1m
ACLXGBX ARCELLX INC0.08%$3.9m
EXK ENDEAVOUR SILVER CORP0.07%$3.8m
CPNG COUPANG INC0.07%$3.6m
SPXC SPX TECHNOLOGIES INC0.06%$3.3m
1RG REV GROUP INC0.06%$3.3m
CAR AVIS BUDGET GROUP INC0.06%$3.0m
SIL GLOBAL X FDS0.06%$2.9m
GAP GAP INC0.05%$2.8m
BTSG BRIGHTSPRING HEALTH SVCS INC0.05%$2.8m
OLMA OLEMA PHARMACEUTICALS INC0.05%$2.7m
AFRM AFFIRM HLDGS INC0.05%$2.6m
CARR CARRIER GLOBAL CORPORATION0.05%$2.6m
JBL JABIL INC0.05%$2.6m
WST WEST PHARMACEUTICAL SVSC INC0.05%$2.5m
NWSA NEWS CORP NEW0.05%$2.5m
HDB HDFC BANK LTD0.05%$2.4m
CMA COMERICA INC0.04%$2.3m
23I FORWARD INDS INC N Y0.04%$2.3m
UTHR UNITED THERAPEUTICS CORP DEL0.04%$2.2m
FITB FIFTH THIRD BANCORP0.04%$2.1m
MDGL MADRIGAL PHARMACEUTICALS INC0.04%$2.1m
CALX CALIX INC0.04%$2.0m
BRKR BRUKER CORP0.04%$2.0m
RNG RINGCENTRAL INC0.04%$1.9m
ILMN ILLUMINA INC0.04%$1.9m
RGEN REPLIGEN CORP0.04%$1.9m
TRIN TRINITY CAP INC0.03%$1.8m

Sector mix

  • Unclassified42.1%
  • Technology16.1%
  • Consumer Cyclical11.4%
  • Financial Services8.0%
  • Industrials5.9%
  • Communication Services4.3%
  • Healthcare3.6%
  • Energy2.9%
  • Utilities1.7%
  • Consumer Defensive1.6%
  • Basic Materials1.4%
  • Real Estate0.8%

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