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Asset Manager ← All Institutions

Brevan Howard Capital Management LP

Q2 2025 · Filed 2025-08-14
Market Value
$9.0B
+158.1%
Holdings
1,897
+442
New Purchases
845
Added To
611
Closed
206
Reduced
232
Top 10 Concentration
40.0%
Turnover
55.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVVB 5.11% 0.00% +5.11% $461M
GOOGL 1.74% 0.06% +1.68% $157M
HYG 1.30% 0.11% +1.19% $117M
AMZN 1.16% 0.13% +1.03% $105M
APP 1.03% 0.00% +1.03% $92M
PLTR 1.43% 0.67% +0.76% $128M
VCIT 0.69% 0.00% +0.69% $62M
GOOG 0.65% 0.08% +0.57% $58M
APH 0.49% 0.00% +0.49% $44M
MRK 0.39% 0.00% +0.39% $36M
HOOD 0.38% 0.00% +0.38% $34M
PGR 0.38% 0.00% +0.38% $34M
GS 0.37% 0.00% +0.37% $34M
MSTR 0.34% 0.00% +0.34% $30M
FI 0.32% 0.00% +0.32% $29M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EEM 0.00% 5.26% -5.26% $0
IBIT 25.49% 29.31% -3.82% $2.3B
AAPL 0.41% 2.33% -1.92% $37M
NVDA 0.12% 1.95% -1.83% $11M
PFE 0.09% 1.77% -1.67% $8M
BLK 0.00% 1.18% -1.18% $0
META 0.50% 1.53% -1.03% $45M
FCX 0.03% 0.79% -0.76% $3M
USB 0.14% 0.85% -0.71% $12M
MA 0.33% 0.85% -0.53% $30M
TPR 0.13% 0.58% -0.45% $12M
GM 0.04% 0.46% -0.42% $4M
FYBR 0.20% 0.59% -0.39% $18M
MTB 0.10% 0.47% -0.37% $9M
DFS 0.00% 0.36% -0.36% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 53 $1.4B 15.9%
Large Cap 619 $5.6B 62.4%
Mid Cap 669 $1.2B 13.5%
Small Cap 470 $257M 2.8%
Micro Cap 86 $478M 5.3%

Portfolio Analytics

Avg Market Cap
$41.9B
Median Market Cap
$5.1B
Avg P/E
33.7
Median P/E
21.0
Avg Dividend Yield
0.02%
Avg Beta
1.10
# Stocks
1,859
# ETFs / Funds
38

Top Holdings (1,897 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IBIT 25.49% 37,506,057 $2.3B $61.21 $1.3B +15,938,935 +73.9%
2 IVVB 5.11% 60,706,457 $461M $7.59 +60,706,457 NEW
3 GOOGL 1.74% 889,880 $157M $176.23 $155M +876,800 +6703.4%
4 MSFT 1.44% 260,505 $130M $497.41 $74M +111,896 +75.3%
5 PLTR 1.43% 941,874 $128M $136.32 $105M +665,169 +240.4%
6 HYG 1.30% 1,455,000 $117M $80.65 $113M +1,405,895 +2863.0%
7 AMZN 1.16% 477,123 $105M $219.39 $100M +452,800 +1861.6%
8 APP 1.03% 263,755 $92M $350.08 +263,755 NEW
9 VCIT 0.69% 750,000 $62M $82.73 +750,000 NEW
10 GOOG 0.65% 328,929 $58M $177.39 $55M +310,532 +1688.0%
11 BAC 0.59% 1,117,901 $53M $47.32 $41M +836,948 +297.9%
12 CME 0.53% 174,716 $48M $275.62 $20M +67,438 +62.9%
13 META 0.50% 61,106 $45M $738.09 -$8M -31,802 -34.2%
14 APH 0.49% 449,345 $44M $98.75 +449,345 NEW
15 TMUS 0.48% 180,383 $43M $238.26 $32M +139,120 +337.1%
16 JPM 0.44% 138,021 $40M $289.91 $25M +77,221 +127.0%
17 AAPL 0.41% 179,102 $37M $205.17 -$44M -186,585 -51.0%
18 MRK 0.39% 448,919 $36M $79.16 +448,919 NEW
19 CRM 0.39% 129,798 $35M $272.69 $19M +66,479 +105.0%
20 HOOD 0.38% 362,988 $34M $93.63 +362,988 NEW
21 XOM 0.38% 314,196 $34M $107.80 $11M +117,814 +60.0%
22 PGR 0.38% 126,688 $34M $266.86 +126,688 NEW
23 GS 0.37% 47,768 $34M $706.56 +47,768 NEW
24 MSTR 0.34% 75,116 $30M $404.23 +75,116 NEW
25 MA 0.33% 53,333 $30M $553.78 -$295K -2,133 -3.9%
26 HES 0.32% 211,061 $29M $138.54 $6M +65,211 +44.7%
27 WMT 0.32% 297,535 $29M $97.78 $27M +279,382 +1539.0%
28 CVX 0.32% 200,526 $29M $143.19 $28M +195,273 +3717.4%
29 FI 0.32% 166,154 $29M $172.41 +166,154 NEW
30 WFC 0.31% 347,594 $28M $80.58 $9M +83,676 +31.7%
31 CAT 0.30% 68,638 $27M $388.21 $16M +37,377 +119.6%
32 KR 0.30% 371,327 $27M $71.73 $26M +356,586 +2419.0%
33 UNP 0.29% 114,367 $26M $230.08 $18M +80,123 +234.0%
34 WELL 0.29% 169,844 $26M $153.73 $19M +122,113 +255.8%
35 AFL 0.29% 245,455 $26M $105.46 $21M +204,762 +503.2%
36 PEP 0.27% 184,977 $24M $132.04 $24M +180,116 +3705.3%
37 V 0.27% 68,603 $24M $355.05 +68,603 NEW
38 PG 0.27% 152,311 $24M $159.32 $23M +144,357 +1814.9%
39 UNH 0.27% 76,575 $24M $311.97 $20M +69,877 +1043.2%
40 WMB 0.26% 374,202 $24M $62.81 $23M +366,843 +4985.0%
41 CI 0.25% 69,373 $23M $330.58 $16M +46,934 +209.2%
42 APO 0.25% 155,602 $22M $142.74 $20M +142,842 +1119.5%
43 QCOM 0.25% 140,237 $22M $158.32 $17M +102,719 +273.8%
44 ADBE 0.24% 56,388 $22M $386.88 $16M +40,741 +260.4%
45 JNJ 0.24% 141,719 $22M $152.75 $11M +77,694 +121.3%
46 TJX 0.24% 174,789 $22M $123.49 $16M +125,019 +251.2%
47 XLP 0.24% 265,431 $21M $80.97 $18M +227,746 +604.3%
48 BKNG 0.24% 3,703 $21M $5,789.24 $20M +3,291 +798.8%
49 INSM 0.23% 202,594 $20M $100.64 +202,594 NEW
50 C 0.21% 225,675 $19M $85.12 $13M +138,652 +159.3%
51 GWRE 0.20% 76,660 $18M $235.45 $14M +54,160 +240.7%
52 FYBR 0.20% 495,418 $18M $36.40 -$3M -81,935 -14.2%
53 HON 0.19% 75,104 $17M $232.88 +75,104 NEW
54 NFLX 0.19% 13,049 $17M $1,339.13 $13M +7,652 +141.8%
55 LMT 0.19% 37,650 $17M $463.14 $14M +29,485 +361.1%
56 SFM 0.19% 105,545 $17M $164.64 $16M +93,659 +788.0%
57 CMCSA 0.19% 480,794 $17M $35.69 $13M +366,981 +322.4%
58 T 0.19% 588,179 $17M $28.94 $8M +278,745 +90.1%
59 CSX 0.19% 515,401 $17M $32.63 $14M +432,752 +523.6%
60 AJG 0.18% 51,969 $17M $320.12 +51,969 NEW
61 BX 0.18% 110,977 $17M $149.80 $13M +85,793 +340.7%
62 COIN 0.18% 47,252 $17M $350.49 $12M +18,901 +66.7%
63 ECL 0.18% 61,441 $17M $269.44 $10M +34,258 +126.0%
64 AMAT 0.18% 90,180 $17M $183.07 $8M +34,348 +61.5%
65 BA 0.18% 78,531 $16M $209.53 +78,531 NEW
66 EQT 0.18% 279,716 $16M $58.32 $16M +267,371 +2165.8%
67 DIS 0.18% 131,471 $16M $124.01 $10M +69,212 +111.2%
68 PM 0.18% 88,216 $16M $182.13 $10M +47,659 +117.5%
69 AIT 0.18% 68,575 $16M $232.45 +68,575 NEW
70 LLY 0.17% 20,176 $16M $779.53 $15M +18,718 +1283.8%
71 NDAQ 0.17% 172,058 $15M $89.42 +172,058 NEW
72 CRS 0.17% 54,995 $15M $276.38 +54,995 NEW
73 ANET 0.17% 148,366 $15M $102.31 $14M +127,925 +625.8%
74 KMI 0.17% 516,233 $15M $29.40 $13M +448,958 +667.4%
75 AAL 0.16% 1,324,318 $15M $11.22 $7M +601,507 +83.2%
76 CTAS 0.16% 66,403 $15M $222.87 $9M +39,534 +147.1%
77 MSCI 0.16% 25,554 $15M $576.74 $11M +19,557 +326.1%
78 MGM 0.16% 422,983 $15M $34.39 $13M +382,456 +943.7%
79 MLI 0.16% 182,515 $15M $79.47 $13M +162,391 +807.0%
80 EXE 0.16% 122,140 $14M $116.94 +122,140 NEW
81 PYPL 0.16% 191,937 $14M $74.32 $4M +38,404 +25.0%
82 WM 0.16% 61,186 $14M $228.82 +61,186 NEW
83 CARR 0.15% 190,206 $14M $73.19 $8M +90,650 +91.0%
84 ANTM 0.15% 35,471 $14M $388.96 +35,471 NEW
85 ODFL 0.15% 84,357 $14M $162.30 $13M +81,613 +2974.2%
86 BRK-B 0.15% 28,046 $14M $485.77 +28,046 NEW
87 ABNB 0.15% 102,726 $14M $132.34 $11M +82,976 +420.1%
88 DELL 0.15% 110,190 $14M $122.60 $12M +89,679 +437.2%
89 ETR 0.15% 161,204 $13M $83.12 $2M +32,316 +25.1%
90 HBAN 0.15% 796,122 $13M $16.76 -$3M -321,608 -28.8%
91 HCA 0.15% 34,112 $13M $383.10 +34,112 NEW
92 SYK 0.14% 32,870 $13M $395.63 +32,870 NEW
93 CSCO 0.14% 187,202 $13M $69.38 -$1M -41,791 -18.2%
94 XLU 0.14% 156,625 $13M $81.00 +156,625 NEW
95 DHI 0.14% 97,569 $13M $128.92 $6M +44,156 +82.7%
96 SPR 0.14% 321,324 $12M $38.44 -$3M -122,092 -27.5%
97 USB 0.14% 272,450 $12M $45.25 -$17M -429,095 -61.2%
98 WBD 0.14% 1,063,981 $12M $11.46 $7M +541,430 +103.6%
99 PCG 0.13% 867,462 $12M $13.94 $11M +793,014 +1065.2%
100 GD 0.13% 41,454 $12M $291.66 $8M +25,696 +163.1%

Options Breakdown

74 Calls $6.1B Call Value 39 Puts $2.1B Put Value 0.35 P/C Ratio

Top Calls

SymbolSharesValueStatus
META 1,600,000 $1.2B NEW
AMZN 4,470,000 $981M NEW
GOOG 4,080,000 $724M NEW
MSFT 1,249,900 $622M NEW
GOOGL 2,409,500 $425M NEW
EEM 7,950,000 $384M
QQQ 675,000 $372M NEW
EWZ 8,660,000 $250M NEW
HYG 2,062,000 $166M NEW
JPM 328,500 $95M NEW

Top Puts

SymbolSharesValueStatus
HYG 8,000,000 $645M
EEM 7,400,000 $357M NEW
IWM 1,571,000 $339M
SPY 320,000 $198M
MSFT 249,800 $124M NEW
FXI 2,000,000 $74M
AGNCZ 7,000,000 $64M
LQD 500,000 $55M NEW
XLV 267,100 $36M
XLP 400,000 $32M NEW

New Positions

SymbolValue% Port
IVVB $461M 5.11%
APP $92M 1.03%
VCIT $62M 0.69%
APH $44M 0.49%
MRK $36M 0.39%
HOOD $34M 0.38%
PGR $34M 0.38%
GS $34M 0.37%
MSTR $30M 0.34%
FI $29M 0.32%
V $24M 0.27%
INSM $20M 0.23%
HON $17M 0.19%
AJG $17M 0.18%
BA $16M 0.18%

Sold Out Positions

SymbolValue% Port
CCS —%
UAMY —%
AAP —%
BKD —%
WNC —%
ETD —%
PB —%
AA —%
CPS —%
NUS —%
RYAN —%
TPVG —%
GDOT —%
XIFR —%
KOP —%
View SEC EDGAR Filings for Brevan Howard Capital Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms