Brevan Howard Capital Management LP
Follow13F filer, CIK 1512857, ST. HELIER, Jersey
Brevan Howard Capital Management LP reported $15,552,778,447 across 993 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 52.73% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000905148-25-000632
- Period
- 2024-12-31
- Reported value
- $15.6B
- Holdings
- 993
- Top 10 weight
- 52.73%
- New
- 435
- Sold out
- 548
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| IBITnew | +25,567,302 | $1.39B |
| EEMadded | +6,349,000 | $266M |
| XLFnew | +3,132,268 | $151M |
| ETHAnew | +3,644,490 | $94.2M |
| SUPVadded | +1,106,497 | $16.8M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NVDAreduced | -602,649 | -$80.9M |
| MSFTreduced | -130,942 | -$55.2M |
| SPOTexited | -93,327 | -$34.4M |
| GOOGLreduced | -122,351 | -$23.2M |
| CMCSAexited | -402,505 | -$16.8M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 956 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| XLFSELECT SECTOR SPDR TR SHS | call | 71,860,000 | $3.47B | +51,282,300 |
| EEMISHARES TR MSCI EMG MKT ETF | put | 73,565,700 | $3.08B | +26,443,700 |
| XLFSELECT SECTOR SPDR TR SHS | put | 41,112,500 | $1.99B | +7,166,100 |
| MSFTMICROSOFT CORP COM | call | 2,286,700 | $964M | new |
| HYGISHARES TR IBOXX HI YD ETF | call | 4,700,000 | $370M | +2,550,000 |
| QQQINVESCO QQQ TR COM | call | 500,000 | $256M | -979,800 |
| XLUSELECT SECTOR SPDR TR SHS | call | 2,625,000 | $199M | new |
| GDXVANECK ETF TRUST GOLD MINERS ETF | call | 5,760,000 | $195M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 224,500 | $132M | +134,500 |
| XLVSELECT SECTOR SPDR TR SHS | call | 947,300 | $130M | -57,700 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | call | 1,315,000 | $111M | +555,000 |
| IWMISHARES TR SHS | put | 500,000 | $110M | 0 |
| EEMISHARES TR MSCI EMG MKT ETF | call | 2,500,000 | $105M | -60,658,700 |
| NEMNEWMONT CORP COM | call | 2,520,000 | $93.8M | new |
| XLKSELECT SECTOR SPDR TR SHS | call | 220,000 | $51.2M | new |
| AMZNAMAZON COM INC COM | call | 200,000 | $43.9M | new |
| XRTSPDR SERIES TRUST ETF | put | 520,000 | $41.4M | -55,000 |
| HYGISHARES TR IBOXX HI YD ETF | put | 500,000 | $39.3M | -1,750,000 |
| ASHRDBX ETF TR XTRACK HRVST CSI | call | 1,222,340 | $32.4M | new |
| QQQINVESCO QQQ TR COM | put | 59,000 | $30.2M | -454,000 |
| TLTISHARES TR 20 YR TR BD ETF | put | 240,000 | $21M | new |
| INTCINTEL CORP COM | call | 1,000,000 | $20.1M | -50,000 |
| XLBSELECT SECTOR SPDR TR SBI MATERIALS | put | 82,000 | $6.9M | -68,000 |
| KWEBKRANESHARES TRUST CSI CHI INTERNET | put | 199,600 | $5.84M | -1,575,400 |
| BABOEING CO COM | call | 23,000 | $4.07M | -149,100 |
| SMCISUPER MICRO COMPUTER INC COM NEW | call | 100,000 | $3.05M | new |
| NFENEW FORTRESS ENERGY INC COM CL A | call | 200,000 | $3.02M | -235,000 |
| KWEBKRANESHARES TRUST CSI CHI INTERNET | call | 90,400 | $2.64M | -1,000,000 |
| TACTRANSALTA CORP COM | call | 100,000 | $1.41M | new |
| WULFTERAWULF INC COM | call | 200,000 | $1.13M | -400,000 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| NIO INCNIO INC NOTE 0.500% 2/0 | principal | 23,500,000 | $21.5M | 0 |
| SEA LTDSEA LTD NOTE 2.375%12/0 | principal | 7,000,000 | $6.6M | -1,500,000 |
| NUTANIX INCNUTANIX INC Convertible | principal | 5,000,000 | $6.45M | new |
| REDFIN CORPREDFIN CORP NOTE 0.500% 4/0 | principal | 7,500,000 | $5.42M | 0 |
| PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0 | principal | 5,000,000 | $4.78M | +3,000,000 |
| ZTO EXPRESS CAYMAN INCZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0 | principal | 4,000,000 | $3.91M | +2,000,000 |
| HERBALIFE LTDHERBALIFE LTD NOTE 4.250% 6/1 | principal | 2,000,000 | $1.45M | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SRADSPORTRADAR GROUP AG | 12,425 | $150K | shares |
| HPKHIGHPEAK ENERGY INC | 10,304 | $143K | shares |
| UISUNISYS CORP | 24,937 | $142K | shares |
| EHABENHABIT INC | 17,869 | $141K | shares |
| MGNXMACROGENICS INC | 41,706 | $137K | shares |
| FFFUTUREFUEL CORP | 23,859 | $137K | shares |
| BLNDBLEND LABS INC | 36,122 | $135K | shares |
| CLVTCLARIVATE PLC | 18,890 | $134K | shares |
| TBITRUEBLUE INC | 16,784 | $132K | shares |
| ZUORA INCZUORA INC | 15,236 | $131K | shares |
| TERNTERNS PHARMACEUTICALS INC | 15,682 | $131K | shares |
| SGUSTAR GROUP LP | 10,759 | $126K | shares |
| NUVBNUVATION BIO INC | 53,632 | $123K | shares |
| RCREADY CAPITAL CORP | 16,091 | $123K | shares |
| SAGE THERAPEUTICS INCSAGE THERAPEUTICS INC | 16,847 | $122K | shares |
| TCPCBLACKROCK TCP CAPITAL CORP | 14,357 | $119K | shares |
| OISOIL STS INTL INC | 25,815 | $119K | shares |
| PLRXPLIANT THERAPEUTICS INC | 10,260 | $115K | shares |
| CRKCOMSTOCK RES INC | 10,184 | $113K | shares |
| LINDLINDBLAD EXPEDITIONS HLDGS I | 11,906 | $110K | shares |
| AGLAGILON HEALTH INC COM (DE) | 27,450 | $108K | shares |
| GRABGRAB HOLDINGS LIMITED | 28,020 | $106K | shares |
| 89BIO INC89BIO INC | 14,259 | $106K | shares |
| EDITEDITAS MEDICINE INC | 30,116 | $103K | shares |
| DBIDESIGNER BRANDS INC | 12,322 | $90.9K | shares |
| TBPHTHERAVANCE BIOPHARMA INC | 11,093 | $89.4K | shares |
| AVDAMERICAN VANGUARD CORP | 16,759 | $88.8K | shares |
| EYPTEYEPOINT INC | 10,780 | $86.1K | shares |
| MBIMBIA INC | 23,443 | $83.7K | shares |
| VLNVALENS SEMICONDUCTOR LTD | 37,532 | $82.6K | shares |
| ADTNADTRAN HOLDINGS INC | 13,781 | $81.7K | shares |
| SSRMSSR MINING IN | 13,942 | $79.2K | shares |
| OPTUOPTIMUM COMMUNICATIONS INC | 31,672 | $77.9K | shares |
| PGREPARAMOUNT GROUP INC | 14,359 | $70.6K | shares |
| TBLATABOOLA.COM LTD | 18,620 | $62.6K | shares |
| GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD … | 11,064 | $60.5K | shares |
| DHDEFINITIVE HEALTHCARE CORP | 12,373 | $55.3K | shares |
| EPMEVOLUTION PETE CORP | 10,347 | $54.9K | shares |
| POLESTAR AUTOMOTIVE HLDG UKPOLESTAR AUTOMOTIVE HLDG UK | 31,066 | $53.4K | shares |
| BFLYBUTTERFLY NETWORK INC | 29,307 | $51.9K | shares |
| EGHT8X8 INC NEW | 25,349 | $51.7K | shares |
| AVIRATEA PHARMACEUTICALS INC | 13,868 | $46.5K | shares |
| OXSQOXFORD SQUARE CAP CORP | 12,678 | $35.9K | shares |
| SLQTSELECTQUOTE INC | 15,487 | $33.6K | shares |
| DCDAKOTA GOLD CORP | 10,932 | $25.8K | shares |
| FUELCELL ENERGY INCFUELCELL ENERGY INC | 36,300 | $13.8K | shares |
| LUMINAR TECHNOLOGIES INCLUMINAR TECHNOLOGIES INC | 10,744 | $9.67K | shares |
| STEM INCSTEM INC | 14,252 | $4.96K | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000905148-25-000632 | base | 2025-02-14 | acceptance time not in the bulk data set |