Brevan Howard Capital Management LP
13F Reported Value
ⓘ$13.5B
incl. option notional
Equity Holdings
ⓘ$7.1B
Option Notional
ⓘ$6.4B
$2.8B puts / $3.5B calls
Holdings
2,030
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Brevan Howard Capital Management LP disclosed 2,030 positions worth $13.5B in its Form 13F-HR for Q2 2026 — $7.1B in common stock plus $6.4B of put/call option positions (reported at underlying notional value, not premium at risk), followed by $QQQ. During the quarter the fund opened 608 new positions and exited 694 and a full exit from $PDD. The portfolio is most concentrated in Technology (24.5% of disclosed assets). All figures are sourced directly from Brevan Howard Capital Management LP’s Form 13F-HR filing with the SEC under CIK 1512857.
AI Fund Analysis
Diversifying
$IBIT
$AAPL
$MSFT
$NVDA
$RKT
$SHW
$BOX
$UGI
$BOKFSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
ISHARES TR - CORE S&P500 ETF
—Quality
$898.2M1,202,676 sh- $491.3M667,200 sh
ISHARES TR - 20 YR TR BD ETF PUT
—Quality
$461.1M5,335,000 shISHARES TR - IBOXX HI YD ETF PUT
—Quality
$399.9M5,000,000 shISHARES TR - 20 YR TR BD ETF CALL
—Quality
$331.4M3,835,000 shISHARES TR - IBOXX INV CP ETF PUT
—Quality
$305.9M2,805,000 sh- 53.9
Quality
$263.6M626,800 sh SPDR SERIES TRUST - ST STR SP REGBNK PUT
—Quality
$263.2M3,515,700 sh- 53.9
Quality
$253.8M603,400 sh - $240.7M7,230,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ISHARES TR - CORE S&P500 ETF | — | $898.2M | 1,202,676 |
 INVESCO QQQ TRUST, SERIES 1$QQQCALL | — | $491.3M | 667,200 |
| ISHARES TR - 20 YR TR BD ETF PUT | — | $461.1M | 5,335,000 |
| ISHARES TR - IBOXX HI YD ETF PUT | — | $399.9M | 5,000,000 |
| ISHARES TR - 20 YR TR BD ETF CALL | — | $331.4M | 3,835,000 |
| ISHARES TR - IBOXX INV CP ETF PUT | — | $305.9M | 2,805,000 |
 Tesla, Inc.$TSLAPUT | 53.9 | $263.6M | 626,800 |
| SPDR SERIES TRUST - ST STR SP REGBNK PUT | — | $263.2M | 3,515,700 |
| Tesla, Inc.$TSLACALL | 53.9 | $253.8M | 603,400 |
| iShares Bitcoin Trust ETF$IBITCALL | — | $240.7M | 7,230,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Brevan Howard Capital Management LP's 2,030 positions.
Showing top 10 of 2,030 holdings.
Sector Allocation
Technology
$1.7B
Other
$1.3B
Financials
$1.1B
Industrials
$685.1M
Healthcare
$569.3M
Consumer Discretionary
$460.7M
Energy
$307.7M
Materials
$249.8M
Top Holdings — Brevan Howard Capital Management LP (Q2 2026)
Top 150 of 2,030 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | ISHARES TR - CORE S&P500 ETF | $898.2M | 12.6% | NEW | — |
| 2 | $QQQCALL | INVESCO QQQ TRUST, SERIES 1 | $491.3M | — | NEW | — |
| 3 | — | ISHARES TR - 20 YR TR BD ETF | $461.1M | — | NEW | — |
| 4 | — | ISHARES TR - IBOXX HI YD ETF | $399.9M | — | NEW | — |
| 5 | — | ISHARES TR - 20 YR TR BD ETF | $331.4M | — | +18% | — |
| 6 | — | ISHARES TR - IBOXX INV CP ETF | $305.9M | — | +2% | — |
| 7 | $TSLAPUT | Tesla, Inc. | $263.6M | — | NEW | 53.9 |
| 8 | — | SPDR SERIES TRUST - ST STR SP REGBNK | $263.2M | — | NEW | — |
| 9 | $TSLACALL | Tesla, Inc. | $253.8M | — | NEW | 53.9 |
| 10 | $IBITCALL | iShares Bitcoin Trust ETF | $240.7M | — | NEW | — |
| 11 | — | ISHARES TR - IBOXX INV CP ETF | $240.0M | — | NEW | — |
| 12 | $IBIT | iShares Bitcoin Trust ETF | $239.9M | 3.4% | -70% | — |
| 13 | $NVDACALL | NVIDIA CORP | $214.9M | — | NEW | 85.9 |
| 14 |  $AMZNCALL | AMAZON COM INC | $214.5M | — | +800% | 68.7 |
| 15 | $IBITPUT | iShares Bitcoin Trust ETF | $175.6M | — | NEW | — |
| 16 | $AAPL | Apple Inc. | $168.7M | 2.4% | +285% | 76.4 |
| 17 | $NVDAPUT | NVIDIA CORP | $161.2M | — | NEW | 85.9 |
| 18 | $MSFT | MICROSOFT CORP | $156.1M | 2.2% | -74% | 79.8 |
| 19 | — | SPDR SERIES TRUST - ST STR SP REGBNK | $148.1M | 2.1% | NEW | — |
| 20 |  $GOOGCALL | Alphabet Inc. | $142.9M | — | NEW | 78.2 |
| 21 | $NVDA | NVIDIA CORP | $131.6M | 1.9% | -78% | 85.9 |
| 22 |  $AMD | ADVANCED MICRO DEVICES INC | $126.4M | 1.8% | +2194% | 79.8 |
| 23 | $MSFTCALL | MICROSOFT CORP | $124.5M | — | NEW | 79.8 |
| 24 | — | KRANESHARES TRUST - CSI CHI INTERNET | $116.7M | — | NEW | — |
| 25 |  $PDDCALL | PDD Holdings Inc. | $103.3M | — | NEW | — |
| 26 |  $LLY | ELI LILLY & Co | $92.5M | 1.3% | +350% | 87.5 |
| 27 | $AMZN | AMAZON COM INC | $83.0M | 1.2% | +373% | 68.7 |
| 28 | $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $73.6M | — | NEW | — |
| 29 |  $BAPUT | BOEING CO | $70.7M | — | +5842% | 61.6 |
| 30 |  $JDCALL | JD.com, Inc. | $69.4M | — | NEW | — |
| 31 |  $CVX | CHEVRON CORP | $67.1M | 0.9% | +316% | 62.8 |
| 32 | — | ISHARES INC - MSCI STH KOR ETF | $62.6M | — | NEW | — |
| 33 | $BACALL | BOEING CO | $58.7M | — | +4168% | 61.6 |
| 34 |  $SNDK | Sandisk Corp | $57.8M | 0.8% | -81% | 87.7 |
| 35 |  $CRWDPUT | CrowdStrike Holdings, Inc. | $57.5M | — | NEW | 67.7 |
| 36 | $CRWDCALL | CrowdStrike Holdings, Inc. | $57.5M | — | NEW | 67.7 |
| 37 |  $BE | Bloom Energy Corp | $57.1M | 0.8% | +921% | 66.2 |
| 38 | — | SELECT SECTOR SPDR TR - ST STR DISCR ETF | $56.6M | 0.8% | +109% | — |
| 39 |  $PLTRCALL | Palantir Technologies Inc. | $47.4M | — | NEW | 84.6 |
| 40 |  $MU | MICRON TECHNOLOGY INC | $46.8M | 0.7% | -82% | 86.2 |
| 41 | $GOOGPUT | Alphabet Inc. | $46.5M | — | NEW | 78.2 |
| 42 | $TSLA | Tesla, Inc. | $45.9M | 0.6% | -90% | 53.9 |
| 43 | $PLTRPUT | Palantir Technologies Inc. | $45.2M | — | NEW | 84.6 |
| 44 |  $METAPUT | Meta Platforms, Inc. | $42.0M | — | NEW | 79.6 |
| 45 | $METACALL | Meta Platforms, Inc. | $40.6M | — | NEW | 79.6 |
| 46 |  $BABACALL | Alibaba Group Holding Ltd | $39.9M | — | +79% | — |
| 47 | $AAPLCALL | Apple Inc. | $39.1M | — | +125% | 76.4 |
| 48 |  $BACPUT | BANK OF AMERICA CORP /DE/ | $38.4M | — | +398% | 67.6 |
| 49 |  $AGNCPUT | AGNC Investment Corp. | $38.1M | — | -63% | — |
| 50 |  $SCHWPUT | SCHWAB CHARLES CORP | $37.3M | — | NEW | 79.4 |
| 51 |  $GS | GOLDMAN SACHS GROUP INC | $36.8M | 0.5% | +845% | 73.5 |
| 52 |  $UBERPUT | Uber Technologies, Inc | $36.2M | — | NEW | 73.5 |
| 53 |  $NFLXCALL | NETFLIX INC | $35.6M | — | NEW | 78.8 |
| 54 |  $GOOGLCALL | Alphabet Inc. | $35.3M | — | NEW | 78.2 |
| 55 |  $NB | NIOCORP DEVELOPMENTS LTD | $34.1M | 0.5% | +9% | — |
| 56 | — | SELECT SECTOR SPDR TR - ST STR UTIL ETF | $34.0M | — | NEW | — |
| 57 | — | SELECT SECTOR SPDR TR - ST STR UTIL ETF | $34.0M | — | NEW | — |
| 58 | $UBERCALL | Uber Technologies, Inc | $33.9M | — | NEW | 73.5 |
| 59 |  $TMUS | T-Mobile US, Inc. | $32.3M | 0.5% | +120% | 69.1 |
| 60 |  $NET | Cloudflare, Inc. | $32.2M | 0.5% | +25% | 56.4 |
| 61 | — | ISHARES TR - ISHARES SEMICDTR | $32.0M | — | NEW | — |
| 62 | $BABA | Alibaba Group Holding Ltd | $31.3M | 0.4% | -29% | — |
| 63 |  $WMT | Walmart Inc. | $30.5M | 0.4% | +86% | 60.2 |
| 64 | $AAPLPUT | Apple Inc. | $30.4M | — | +75% | 76.4 |
| 65 | $BABAPUT | Alibaba Group Holding Ltd | $29.8M | — | +34% | — |
| 66 | $SCHWCALL | SCHWAB CHARLES CORP | $29.7M | — | NEW | 79.4 |
| 67 |  $ABBV | AbbVie Inc. | $29.0M | 0.4% | +57% | 72.6 |
| 68 | — | ISHARES TR - 20 YR TR BD ETF | $28.0M | 0.4% | -88% | — |
| 69 | $MUCALL | MICRON TECHNOLOGY INC | $27.9M | — | NEW | 86.2 |
| 70 |  $C | CITIGROUP INC | $27.7M | 0.4% | +40% | 65 |
| 71 |  $BRK.B | BERKSHIRE HATHAWAY INC | $26.8M | 0.4% | +206% | 73.8 |
| 72 |  $CSCOCALL | CISCO SYSTEMS, INC. | $26.8M | — | NEW | 70.3 |
| 73 |  $GMPUT | General Motors Co | $26.7M | — | NEW | 54.3 |
| 74 |  $HOOD | Robinhood Markets, Inc. | $26.6M | 0.4% | +32% | 82.1 |
| 75 |  $XOM.R34088 | EXXON MOBIL CORP | $26.6M | 0.4% | +63% | 57.9 |
| 76 |  $STRL | STERLING INFRASTRUCTURE, INC. | $26.4M | 0.4% | +3206% | 70.6 |
| 77 | $BAC | BANK OF AMERICA CORP /DE/ | $26.4M | 0.4% | +159% | 67.6 |
| 78 |  $MKSI | MKS INC | $25.9M | 0.4% | +604% | 61.2 |
| 79 |  $CRS | CARPENTER TECHNOLOGY CORP | $25.6M | 0.4% | +335% | 64.6 |
| 80 | — | SELECT SECTOR SPDR TR - ST STR MATER ETF | $25.4M | — | NEW | — |
| 81 | — | SELECT SECTOR SPDR TR - ST STR MATER ETF | $25.4M | — | NEW | — |
| 82 | $GSPUT | GOLDMAN SACHS GROUP INC | $25.4M | — | NEW | 73.5 |
| 83 |  $EA | ELECTRONIC ARTS INC. | $25.1M | 0.3% | -5% | 62.9 |
| 84 | — | CYBERARK SOFTWARE LTD - NOTE6/1 | $24.7M | 0.3% | NEW | — |
| 85 | $META | Meta Platforms, Inc. | $24.6M | 0.3% | -79% | 79.6 |
| 86 |  $CNP | CENTERPOINT ENERGY INC | $24.3M | 0.3% | +0% | 53.2 |
| 87 |  $CAH | CARDINAL HEALTH INC | $24.1M | 0.3% | +609% | 62.4 |
| 88 |  $CME | CME GROUP INC. | $23.6M | 0.3% | +4% | 69.5 |
| 89 |  $MTSI | MACOM Technology Solutions Holdings, Inc. | $23.6M | 0.3% | NEW | 69.4 |
| 90 |  $CRDO | Credo Technology Group Holding Ltd | $23.4M | 0.3% | +1157% | 55.1 |
| 91 |  $FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $23.3M | 0.3% | NEW | 37.6 |
| 92 |  $ATI | ATI INC | $23.2M | 0.3% | +87% | 63.1 |
| 93 | $NFLXPUT | NETFLIX INC | $23.1M | — | NEW | 78.8 |
| 94 | $GOOG | Alphabet Inc. | $22.6M | 0.3% | -22% | 78.2 |
| 95 |  $WWD | Woodward, Inc. | $22.4M | 0.3% | +71% | 67.3 |
| 96 |  $GPN | GLOBAL PAYMENTS INC | $22.3M | 0.3% | -7% | 47 |
| 97 |  $COST | COSTCO WHOLESALE CORP /NEW | $22.3M | 0.3% | +1% | 66.2 |
| 98 | $GMCALL | General Motors Co | $22.1M | — | NEW | 54.3 |
| 99 |  $AVGO | Broadcom Inc. | $21.6M | 0.3% | +172% | 84.5 |
| 100 |  $PNW | PINNACLE WEST CAPITAL CORP | $21.6M | 0.3% | +44% | 53.6 |
| 101 |  $NVT | nVent Electric plc | $21.4M | 0.3% | +683% | — |
| 102 | — | SELECT SECTOR SPDR TR - ST STR SVC ETF | $21.4M | — | NEW | — |
| 103 | — | SELECT SECTOR SPDR TR - ST STR SVC ETF | $21.4M | — | NEW | — |
| 104 |  $CVBF | CVB FINANCIAL CORP | $21.4M | 0.3% | +6% | 55.3 |
| 105 |  $ABNBPUT | Airbnb, Inc. | $20.5M | — | +0% | 71 |
| 106 | $ABNBCALL | Airbnb, Inc. | $20.5M | — | +0% | 71 |
| 107 |  $DBX | DROPBOX, INC. | $20.2M | 0.3% | NEW | 63.4 |
| 108 | — | ISHARES TR - IBOXX HI YD ETF | $20.0M | 0.3% | -96% | — |
| 109 |  $ROIV | Roivant Sciences Ltd. | $18.3M | 0.3% | +344% | — |
| 110 |  $WEC | WEC ENERGY GROUP, INC. | $18.3M | 0.3% | +0% | 60.1 |
| 111 | $RKT | Rocket Companies, Inc. | $17.8M | 0.3% | +74% | 74.2 |
| 112 |  $BLD | QXO Insulation, LLC | $17.8M | 0.3% | +1090% | 56.4 |
| 113 | — | ROUNDHILL ETF TRUST - MEMORY ETF | $17.5M | 0.3% | NEW | — |
| 114 | $BABA | Alibaba Group Holding Ltd | $17.1M | 0.2% | +1026% | — |
| 115 |  $NSC | NORFOLK SOUTHERN CORP | $16.9M | 0.2% | -8% | 63.2 |
| 116 | — | JAZZ INVESTMENTS I LTD - NOTE 3.125% 9/1 | $16.8M | 0.2% | -33% | — |
| 117 |  $DISPUT | Walt Disney Co | $16.8M | — | +13% | 60.1 |
| 118 | $DISCALL | Walt Disney Co | $16.8M | — | NEW | 60.1 |
| 119 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETF | $16.7M | — | NEW | — |
| 120 |  $CRM | Salesforce, Inc. | $16.6M | 0.2% | +2030% | 77 |
| 121 |  $SO | SOUTHERN CO | $16.6M | 0.2% | -25% | 62 |
| 122 | $NFLX | NETFLIX INC | $16.5M | 0.2% | -71% | 78.8 |
| 123 |  $BPOP | POPULAR, INC. | $16.4M | 0.2% | NEW | 69.4 |
| 124 |  $ALAB | Astera Labs, Inc. | $16.0M | 0.2% | NEW | 75.1 |
| 125 |  $JNJ | JOHNSON & JOHNSON | $15.9M | 0.2% | +239% | 69 |
| 126 |  $COP | CONOCOPHILLIPS | $15.8M | 0.2% | -50% | 70.2 |
| 127 |  $ETN | Eaton Corp plc | $15.8M | 0.2% | NEW | — |
| 128 | $WEC | WEC ENERGY GROUP, INC. | $15.6M | 0.2% | NEW | 60.1 |
| 129 |  $GILD | GILEAD SCIENCES, INC. | $15.6M | 0.2% | +214% | 57.4 |
| 130 |  $PCG | PG&E Corp | $15.4M | 0.2% | -25% | 58.8 |
| 131 | — | DOORDASH INC - NOTE5/1 | $14.8M | 0.2% | NEW | — |
| 132 |  $AMKR | AMKOR TECHNOLOGY, INC. | $14.7M | 0.2% | +672% | 57.5 |
| 133 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | $14.6M | — | NEW | — |
| 134 | $SCHW | SCHWAB CHARLES CORP | $14.5M | 0.2% | -80% | 79.4 |
| 135 |  $HLT | Hilton Worldwide Holdings Inc. | $14.5M | 0.2% | +106% | 63.3 |
| 136 |  $KVUE | Kenvue Inc. | $14.2M | 0.2% | -11% | 60.3 |
| 137 |  $COINCALL | Coinbase Global, Inc. | $13.7M | — | NEW | 44.8 |
| 138 | $COINPUT | Coinbase Global, Inc. | $13.7M | — | NEW | 44.8 |
| 139 | $COPCALL | CONOCOPHILLIPS | $13.5M | — | NEW | 70.2 |
| 140 | $COPPUT | CONOCOPHILLIPS | $13.5M | — | NEW | 70.2 |
| 141 |  $PANWCALL | Palo Alto Networks Inc | $13.5M | — | NEW | 65.5 |
| 142 |  $WFC | WELLS FARGO & COMPANY/MN | $13.0M | 0.2% | +222% | 61.8 |
| 143 |  $MRNA | Moderna, Inc. | $12.7M | 0.2% | +102% | 21.2 |
| 144 |  $WTFC | WINTRUST FINANCIAL CORP | $12.6M | 0.2% | +4118% | 60.3 |
| 145 |  $AX | Axos Financial, Inc. | $12.5M | 0.2% | -5% | 60.3 |
| 146 |  $WBD | Warner Bros. Discovery, Inc. | $12.3M | 0.2% | +49% | 41.4 |
| 147 | $GOOGL | Alphabet Inc. | $12.1M | 0.2% | -34% | 78.2 |
| 148 |  $ECHO | EchoStar CORP | $12.0M | 0.2% | +196% | 32.8 |
| 149 | $PLTR | Palantir Technologies Inc. | $11.9M | 0.2% | -87% | 84.6 |
| 150 |  $EC | ECOPETROL S.A. | $11.9M | 0.2% | NEW | — |
New Positions (608)
$QQQCALL INVESCO QQQ TRUST, SERIES 1$491.3M$TSLAPUT Tesla, Inc.$263.6M$TSLACALL Tesla, Inc.$253.8M$IBITCALL iShares Bitcoin Trust ETF$240.7M$NVDACALL NVIDIA CORP$214.9M$IBITPUT iShares Bitcoin Trust ETF$175.6M$NVDAPUT NVIDIA CORP$161.2M$GOOGCALL Alphabet Inc.$142.9M$MSFTCALL MICROSOFT CORP$124.5M
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