Brevan Howard Capital Management LP
Follow13F filer, CIK 1512857, ST. HELIER, Jersey
Brevan Howard Capital Management LP reported $11,308,446,667 across 2,114 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 43.6% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000905148-26-002360
- Period
- 2026-03-31
- Reported value
- $11.3B
- Holdings
- 2,114
- Top 10 weight
- 43.6%
- New
- 895
- Sold out
- 495
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| QQQadded | +1,460,035 | $843M |
| IBITadded | +18,756,030 | $721M |
| HYGnew | +6,420,000 | $511M |
| NVDAadded | +2,456,276 | $418M |
| TSLAadded | +986,711 | $367M |
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 |
|---|---|---|
| FTKIexited | -57,081,120 | -$452M |
| GOOGLreduced | -468,900 | -$135M |
| GOOGreduced | -428,459 | -$123M |
| IVVexited | -162,970 | -$112M |
| WMTreduced | -731,128 | -$90.9M |
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 1,997 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 |
|---|---|---|---|---|
| LQDISHARES TR SHS | put | 2,750,000 | $300M | +150,000 |
| TLTISHARES TR 20 YR TR BD ETF | call | 3,250,000 | $282M | +2,250,000 |
| HYGISHARES TR IBOXX HI YD ETF | call | 2,500,000 | $199M | +2,000,000 |
| AGNCAGNC INVT CORP REIT | put | 9,524,200 | $95.5M | +4,024,200 |
| AGNCAGNC INVT CORP REIT | call | 3,000,000 | $30.1M | new |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | call | 233,300 | $28.5M | -14,900 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | put | 233,200 | $28.5M | -379,800 |
| EEMISHARES TR MSCI EMG MKT ETF | put | 500,000 | $28.4M | new |
| AMZNAMAZON COM INC COM | call | 100,000 | $20.8M | new |
| ASMLASML HLDG NV STOK | call | 15,000 | $19.8M | new |
| ABNBAIRBNB INC COM | put | 143,300 | $17.7M | new |
| ABNBAIRBNB INC COM | call | 143,100 | $17.7M | new |
| XLFSELECT SECTOR SPDR TR SHS | put | 332,358 | $16.4M | new |
| EEMISHARES TR MSCI EMG MKT ETF | call | 279,453 | $15.9M | new |
| AAPLAPPLE INC COM | put | 60,000 | $15.2M | new |
| AAPLAPPLE INC COM | call | 60,000 | $15.2M | new |
| DISDISNEY WALT CO COM | put | 154,100 | $14.5M | new |
| MDLNMEDLINE INC Stock | put | 242,602 | $10.8M | new |
| NOWSERVICENOW INC COM | call | 92,331 | $9.65M | new |
| XLESELECT SECTOR SPDR TR SHS | call | 150,000 | $9.19M | new |
| PEPPEPSICO INC COM | put | 55,501 | $8.62M | new |
| RLRALPH LAUREN CORP CL A | call | 19,837 | $6.82M | new |
| CITHE CIGNA GROUP COM | put | 24,745 | $6.6M | new |
| BACBANK OF AMER CORP COM | put | 135,200 | $6.43M | new |
| BACBANK OF AMER CORP COM | call | 135,200 | $6.43M | -2,214,800 |
| SYYSYSCO CORP COM | put | 72,778 | $5.19M | new |
| AMATAPPLIED MATLS INC COM | call | 15,000 | $5.13M | new |
| SRESEMPRA Stock | call | 46,488 | $4.52M | new |
| JCIJOHNSON CONTROLS INTERNATION Stock | call | 29,772 | $3.9M | new |
| TIGOMILLICOM INTL CELLULAR S A COM STK | call | 40,700 | $3.05M | new |
| CSXCSX CORP COM | put | 72,341 | $2.97M | new |
| OSKOSHKOSH CORP Stock | put | 19,319 | $2.84M | new |
| JBLJABIL INC Stock | call | 10,119 | $2.69M | new |
| DLTRDOLLAR TREE INC Stock | put | 24,308 | $2.66M | new |
| FDSFACTSET RESH SYS INC Stock | call | 9,666 | $2.1M | new |
| UAAUNDER ARMOUR INC CL A | put | 337,312 | $1.99M | new |
| BHPBHP BILLITON LIMITED ADR | put | 25,000 | $1.77M | new |
| BHPBHP BILLITON LIMITED ADR | call | 25,000 | $1.77M | new |
| KDKYNDRYL HLDGS INC COMMON STOCK | put | 132,294 | $1.74M | new |
| CHYMCHIME FINL INC Stock | call | 89,117 | $1.67M | new |
| TTDTHE TRADE DESK INC STOK | put | 67,792 | $1.54M | new |
| BTSGBRIGHTSPRING HEALTH SVCS INC COM | put | 31,482 | $1.34M | new |
| CRAICRA INTL INC COM | put | 8,286 | $1.34M | new |
| BABOEING CO COM | call | 6,357 | $1.27M | -48,943 |
| SENEASENECA FOODS CORP NEW CL A | call | 7,891 | $1.19M | new |
| LSTRLANDSTAR SYS INC Stock | call | 7,335 | $1.18M | new |
| BABOEING CO COM | put | 5,500 | $1.09M | -27,500 |
| JXNJACKSON FINANCIAL INC Stock | put | 9,308 | $984K | new |
| JHGJANUS HENDERSON GROUP PLC Stock | call | 18,730 | $962K | new |
| IQIQIYI INC ADR | call | 670,146 | $901K | new |
| VRSKVERISK ANALYTICS INC Stock | call | 4,578 | $869K | new |
| GFLGFL ENVIRONMENTAL INC Stock | put | 20,698 | $864K | new |
| CRKCOMSTOCK RES INC Stock | call | 34,625 | $730K | new |
| STSENSATA TECHNOLOGIES HLDG PL SHS | put | 20,723 | $730K | new |
| BCCBOISE CASCADE CO DEL COM | call | 9,557 | $725K | new |
| JACKJACK IN THE BOX INC COM | put | 74,192 | $717K | new |
| MEDPMEDPACE HLDGS INC Stock | call | 1,404 | $674K | new |
| PLAYDAVE & BUSTERS ENTMT INC COM | call | 61,946 | $671K | new |
| ITBISHARES TR US HOME CONS ETF | put | 6,885 | $624K | new |
| MRPMILLROSE PPTYS INC REIT | call | 21,949 | $615K | new |
| OGEOGE ENERGY CORP COM | call | 12,548 | $602K | new |
| DDOMINION ENERGY INC Stock | call | 9,026 | $558K | new |
| KYTXKYVERNA THERAPEUTICS INC COMMON STOCK | call | 63,516 | $548K | new |
| IPGPIPG PHOTONICS CORP COM | put | 4,635 | $531K | new |
| JHXJAMES HARDIE INDS PLC Stock | put | 25,836 | $489K | new |
| EFCELLINGTON FINANCIAL INC COM | call | 38,994 | $462K | new |
| CIGICOLLIERS INTL GROUP INC Stock | call | 3,996 | $427K | new |
| STWDSTARWOOD PPTY TR INC REIT | put | 24,540 | $423K | new |
| MARAMARA HOLDINGS INC Stock | call | 51,417 | $420K | new |
| AEPAMERICAN ELEC PWR CO INC Stock | put | 3,100 | $404K | new |
| LZLEGALZOOM COM INC COM | put | 68,735 | $390K | new |
| GTYGETTY RLTY CORP NEW REIT | call | 10,954 | $348K | new |
| RBLXROBLOX CORP Stock | call | 5,507 | $311K | new |
| KIDSORTHOPEDIATRICS CORP COMMON STOCK | call | 19,586 | $311K | new |
| SNXTD SYNNEX CORPORATION Stock | call | 1,782 | $301K | new |
| AEPAMERICAN ELEC PWR CO INC Stock | call | 2,300 | $299K | new |
| IOVAIOVANCE BIOTHERAPEUTICS INC COM | call | 80,353 | $282K | new |
| VLGEAVILLAGE SUPER MKT INC Stock | call | 6,603 | $279K | new |
| ASMLASML HLDG NV STOK | put | 200 | $264K | new |
| TTANSERVICETITAN INC Stock | put | 4,076 | $259K | new |
| JXNJACKSON FINANCIAL INC Stock | call | 2,365 | $250K | new |
| CTASCINTAS CORP Stock | call | 1,477 | $250K | new |
| SENSSENSEONICS HLDGS INC COMMON STOCK | put | 34,264 | $228K | new |
| PKBKPARKE BANCORP INC COMMON STOCK | call | 7,950 | $226K | new |
| IEIVANHOE ELECTRIC INC COMMON STOCK | call | 19,063 | $225K | new |
| LGNLEGENCE CORP CL A | call | 3,925 | $222K | new |
| NBNNORTHEAST BK PORTLAND ME COM | call | 1,854 | $208K | new |
| MTXMINERALS TECHNOLOGIES INC Stock | call | 2,918 | $207K | new |
| VGVENTURE GLOBAL INC COM CL A | call | 12,979 | $205K | new |
| CNCKCOINCHECK GROUP NV SHS | call | 136,571 | $202K | new |
| CTOCTO RLTY GROWTH INC NEW REIT | call | 10,055 | $186K | new |
| GENBGENERATE BIOMEDICINES INC COMMON STOCK | call | 12,571 | $157K | new |
| JBIJANUS INTERNATIONAL GROUP IN COMMON STOCK | call | 29,762 | $153K | new |
| UMACUNUSUAL MACHS INC COM SHS | call | 10,746 | $133K | new |
| SENSSENSEONICS HLDGS INC COMMON STOCK | call | 16,900 | $113K | new |
| SPTSPROUT SOCIAL INC Stock | call | 19,197 | $109K | new |
| CNTXCONTEXT THERAPEUTICS INC COM | put | 41,100 | $108K | new |
| MBOTMICROBOT MED INC COM NEW | call | 35,931 | $86.6K | new |
| CAMPCAMP4 THERAPEUTICS CORP COM | call | 14,608 | $64.4K | new |
| VENUVENU HLDG CORP COM | put | 17,571 | $58.2K | new |
| VERIVERITONE INC COM | call | 29,213 | $57.5K | new |
| CNTXCONTEXT THERAPEUTICS INC COM | call | 20,220 | $53K | new |
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 |
|---|---|---|---|---|
| ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | principal | 37,500,000 | $51.1M | +9,000,000 |
| EVERGY INCEVERGY INC NOTE 4.500%12/1 | principal | 25,000,000 | $33.5M | 0 |
| SNOWFLAKE INCSNOWFLAKE INC NOTE 10/0 | principal | 25,000,000 | $30.2M | +15,000,000 |
| GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0 | principal | 27,000,000 | $23.6M | new |
| CENTERPOINT ENERGY INCCENTERPOINT ENERGY INC NOTE 4.250% 8/1 | principal | 20,000,000 | $23.6M | 0 |
| CLOUDFLARE INCCLOUDFLARE INC NOTE 8/1 | principal | 20,000,000 | $22.9M | new |
| SOUTHERN COSOUTHERN CO NOTE 4.500% 6/1 | principal | 20,000,000 | $22.2M | +10,000,000 |
| JAZZ INVESTMENTS I LTDJAZZ INVESTMENTS I LTD Convertible | principal | 15,000,000 | $21.1M | 0 |
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 20,000,000 | $20.8M | +7,500,000 |
| WEC ENERGY GROUP INCWEC ENERGY GROUP INC NOTE 4.375% 6/0 | principal | 15,000,000 | $18M | 0 |
| ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 0.500% 3/0 | principal | 18,000,000 | $17.4M | new |
| FIRSTENERGY CORPFIRSTENERGY CORP NOTE 4.000% 5/0 | principal | 15,000,000 | $16.3M | -5,000,000 |
| PINNACLE WEST CAP CORPPINNACLE WEST CAP CORP CNV | principal | 12,500,000 | $14.3M | -10,000,000 |
| DUKE ENERGY CORP NEWDUKE ENERGY CORP NEW CONV BND | principal | 10,000,000 | $11M | -13,000,000 |
| IQIYI INCIQIYI INC CNV | principal | 1,000,000 | $947K | new |
Sold out in Q1 2026
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 495. All 495
| Security | Shares before | Value before | Type |
|---|---|---|---|
| FTKIFIRST TR EXCHANGE TRADED FD | 57,081,120 | $452M | shares |
| IBITISHARES BITCOIN TRUST ETF | 8,058,800 | $400M | call |
| NVDANVIDIA CORPORATION | 2,068,000 | $386M | put |
| HYGISHARES TR | 4,403,200 | $355M | put |
| LQDISHARES TR | 3,000,000 | $331M | call |
| IBITISHARES BITCOIN TRUST ETF | 5,000,000 | $248M | put |
| QQQINVESCO QQQ TR | 378,000 | $232M | call |
| PDDPDD HOLDINGS INC | 101,000 | $183M | call |
| PDDPDD HOLDINGS INC | 96,000 | $174M | put |
| IVVISHARES TR | 162,970 | $112M | shares |
| TLTISHARES TR | 1,000,000 | $87.2M | put |
| XHBSPDR SERIES TRUST | 660,000 | $68M | call |
| BIDUBAIDU INC | 445,800 | $57.8M | call |
| XLUSELECT SECTOR SPDR TR | 1,300,000 | $55.5M | put |
| ASHRDBX ETF TR | 1,575,000 | $51.7M | call |
| WUWESTERN UN CO | 4,311,200 | $40.1M | call |
| SPOTIFY USA INCSPOTIFY USA INC | 33,000,000 | $37.4M | principal |
| FORD MOTOR COMPANYFORD MOTOR COMPANY | 30,000,000 | $31.4M | principal |
| ORCLORACLE CORP | 150,000 | $29.4M | call |
| SNOWSNOWFLAKE INC | 131,300 | $28.8M | put |
| XLKSELECT SECTOR SPDR TR | 200,000 | $28.8M | put |
| IWMISHARES TR | 116,000 | $28.6M | call |
| CMCSACOMCAST CORP NEW | 900,000 | $26.9M | call |
| KBESPDR SERIES TRUST | 400,000 | $24.3M | call |
| AKAMAI TECHNOLOGIES INCAKAMAI TECHNOLOGIES INC | 24,000,000 | $23.8M | principal |
| XLBSELECT SECTOR SPDR TR | 500,000 | $22.7M | put |
| XLBSELECT SECTOR SPDR TR | 500,000 | $22.7M | call |
| LLYELI LILLY & CO | 20,000 | $21.6M | call |
| XLUSELECT SECTOR SPDR TR | 500,000 | $21.3M | call |
| ALLIANT ENERGY CORPALLIANT ENERGY CORP | 20,000,000 | $20.9M | principal |
| JBT MAREL CORPORATIONJBT MAREL CORPORATION | 20,000,000 | $20.7M | principal |
| FYBRFRONTIER COMMUNICATIONS PARE | 525,494 | $20M | shares |
| ANI PHARMACEUTICALS INCANI PHARMACEUTICALS INC | 15,000,000 | $19.1M | principal |
| AMDADVANCED MICRO DEVICES INC | 74,900 | $16M | call |
| XOMEXXON MOBIL CORP | 116,000 | $14M | put |
| XOMEXXON MOBIL CORP | 116,000 | $14M | call |
| NOWSERVICENOW INC | 81,760 | $12.5M | shares |
| BIIBBIOGEN INC | 71,017 | $12.5M | shares |
| BIDUBAIDU INC | 92,203 | $11.9M | shares |
| FCXFREEPORT MCMORAN INC | 225,000 | $11.4M | call |
| WMTWALMART INC | 100,000 | $11.1M | call |
| WORLD KINECT CORPORATIONWORLD KINECT CORPORATION | 10,000,000 | $10.6M | principal |
| Q2 HLDGS INCQ2 HLDGS INC | 10,000,000 | $10.2M | principal |
| DAYFORCE INCDAYFORCE INC | 10,000,000 | $9.9M | principal |
| IBMINTERNATIONAL BUSINESS MACHS | 33,300 | $9.86M | call |
| TTDTHE TRADE DESK INC | 259,224 | $9.84M | shares |
| BIDUBAIDU INC | 75,000 | $9.8M | put |
| WISDOMTREE INCWISDOMTREE INC | 7,000,000 | $8.21M | principal |
| ASTSAST SPACEMOBILE INC | 110,546 | $8.03M | shares |
| CORZCORE SCIENTIFIC INC NEW | 550,000 | $8.01M | call |
| EWYISHARES INC | 80,000 | $7.78M | call |
| SLBSLB LIMITED | 200,000 | $7.68M | put |
| SNOWFLAKE INCSNOWFLAKE INC | 5,000,000 | $7.55M | principal |
| DISDISNEY WALT CO | 66,100 | $7.52M | call |
| FCNCAFIRST CTZNS BANCSHARES INC D | 3,500 | $7.51M | shares |
| SYYSYSCO CORP | 98,377 | $7.25M | shares |
| CCITIGROUP INC | 62,100 | $7.25M | call |
| BHFBRIGHTHOUSE FINL INC | 111,000 | $7.19M | put |
| PEPPEPSICO INC | 48,461 | $6.96M | shares |
| ETHAISHARES ETHEREUM TR | 289,408 | $6.52M | shares |
| CSXCSX CORP | 177,842 | $6.45M | shares |
| TEVATEVA PHARMACEUTICAL INDS LTD | 200,000 | $6.25M | shares |
| JNJJOHNSON & JOHNSON | 30,000 | $6.21M | call |
| GLDSPDR GOLD TR | 15,000 | $5.94M | call |
| NVDANVIDIA CORPORATION | 31,500 | $5.87M | call |
| KSAISHARES TR | 158,013 | $5.75M | shares |
| CCJCAMECO CORP | 61,400 | $5.66M | call |
| NFLXNETFLIX INC. | 60,000 | $5.63M | call |
| SNOWSNOWFLAKE INC | 25,500 | $5.59M | call |
| GMGENERAL MTRS CO | 66,300 | $5.39M | call |
| CATCATERPILLAR INC | 9,300 | $5.35M | call |
| MMM3M CO | 32,300 | $5.17M | call |
| HOLXHOLOGIC INC | 65,513 | $4.88M | shares |
| CONFLUENT INCCONFLUENT INC | 5,000,000 | $4.87M | principal |
| QBTSD-WAVE QUANTUM INC | 181,500 | $4.75M | call |
| TERTERADYNE INC | 23,100 | $4.47M | call |
| UHSUNIVERSAL HLTH SVCS INC | 20,381 | $4.44M | shares |
| NBISNEBIUS GROUP N.V. | 50,000 | $4.24M | call |
| COINCOINBASE GLOBAL INC | 18,000 | $4.07M | put |
| TANINVESCO EXCH TRADED FD TR II | 81,000 | $3.98M | call |
| ARKKARK ETF TR | 51,400 | $3.95M | call |
| IWMISHARES TR | 16,000 | $3.94M | put |
| ACLXARCELLX INC | 60,178 | $3.92M | shares |
| JDJD.COM INC | 135,300 | $3.88M | call |
| RGTIRIGETTI COMPUTING INC | 174,600 | $3.87M | call |
| MSFTMICROSOFT CORP | 7,800 | $3.77M | put |
| CMICUMMINS INC | 7,200 | $3.68M | call |
| CORZCORE SCIENTIFIC INC NEW | 250,000 | $3.64M | put |
| CPNGCOUPANG INC | 153,972 | $3.63M | shares |
| EXASEXACT SCIENCES CORP | 35,637 | $3.62M | shares |
| MMACYS INC | 155,100 | $3.42M | call |
| SPXCSPX TECHNOLOGIES INC | 16,697 | $3.34M | shares |
| REVGREV GROUP INC | 53,878 | $3.28M | shares |
| TEVATEVA PHARMACEUTICAL INDS LTD | 100,500 | $3.14M | call |
| CARAVIS BUDGET GROUP INC | 23,092 | $2.96M | shares |
| SEA LTDSEA LTD | 3,023,000 | $2.93M | principal |
| SILGLOBAL X FDS | 33,840 | $2.89M | shares |
| WULFTERAWULF INC | 250,000 | $2.87M | put |
| WULFTERAWULF INC | 250,000 | $2.87M | call |
| GAPGAP INC | 111,112 | $2.84M | shares |
How Q1 2026 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 0000905148-26-002360 | base | 2026-05-15 | acceptance time not in the bulk data set |