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Asset Manager ← All Institutions

Brevan Howard Capital Management LP

Q3 2025 · Filed 2025-11-14
Market Value
$6.8B
-24.0%
Holdings
2,161
+264
New Purchases
470
Added To
475
Closed
402
Reduced
812
Top 10 Concentration
49.2%
Turnover
40.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBIT 34.91% 25.49% +9.42% $2.4B
META 2.08% 0.50% +1.58% $142M
NVDA 1.64% 0.12% +1.52% $112M
MSFT 2.85% 1.44% +1.41% $195M
GOOGL 2.81% 1.74% +1.07% $192M
AAPL 1.44% 0.41% +1.03% $98M
GOOG 1.56% 0.65% +0.91% $106M
TSLA 0.68% 0.05% +0.63% $47M
GLD 0.48% 0.00% +0.48% $33M
FIX 0.58% 0.10% +0.48% $40M
ALAB 0.53% 0.07% +0.46% $37M
EEM 0.43% 0.00% +0.43% $30M
NEM 0.52% 0.10% +0.42% $36M
INSM 0.62% 0.23% +0.39% $42M
AEM 0.38% 0.00% +0.38% $26M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVVB 0.00% 5.11% -5.11% $0
HYG 0.00% 1.30% -1.30% $0
PLTR 0.24% 1.43% -1.18% $17M
APP 0.00% 1.03% -1.03% $0
AMZN 0.41% 1.16% -0.75% $28M
VCIT 0.00% 0.69% -0.69% $0
APH 0.05% 0.49% -0.44% $4M
TMUS 0.05% 0.48% -0.43% $3M
HOOD 0.01% 0.38% -0.36% $959K
CRM 0.06% 0.39% -0.33% $4M
HES 0.00% 0.32% -0.32% $0
BAC 0.27% 0.59% -0.32% $19M
PGR 0.06% 0.38% -0.32% $4M
WELL 0.00% 0.29% -0.29% $0
MRK 0.11% 0.39% -0.28% $8M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $1.4B 20.3%
Large Cap 672 $4.3B 63.2%
Mid Cap 769 $818M 11.9%
Small Cap 575 $286M 4.2%
Micro Cap 84 $24M 0.3%

Portfolio Analytics

Avg Market Cap
$40.1B
Median Market Cap
$4.6B
Avg P/E
34.1
Median P/E
21.1
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
2,121
# ETFs / Funds
40

Top Holdings (2,161 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IBIT 34.91% 36,752,748 $2.4B $65.00 $93M -753,309 -2.0%
2 MSFT 2.85% 376,572 $195M $517.95 $65M +116,067 +44.5%
3 GOOGL 2.81% 790,620 $192M $243.10 $35M -99,260 -11.2%
4 META 2.08% 193,944 $142M $734.38 $97M +132,838 +217.4%
5 NVDA 1.64% 602,172 $112M $186.58 $101M +531,792 +755.6%
6 GOOG 1.56% 437,044 $106M $243.55 $48M +108,115 +32.9%
7 AAPL 1.44% 386,334 $98M $254.63 $62M +207,232 +115.7%
8 TSLA 0.68% 104,691 $47M $444.72 $42M +91,715 +706.8%
9 INSM 0.62% 294,047 $42M $144.01 $22M +91,453 +45.1%
10 FIX 0.58% 48,062 $40M $825.18 $31M +31,503 +190.2%
11 JPM 0.55% 119,793 $38M $315.43 -$2M -18,228 -13.2%
12 ALAB 0.53% 186,984 $37M $195.80 $30M +112,518 +151.1%
13 NEM 0.52% 423,603 $36M $84.31 $26M +262,269 +162.6%
14 GLD 0.48% 93,000 $33M $355.47 +93,000 NEW
15 C 0.45% 302,030 $31M $101.50 $11M +76,355 +33.8%
16 EEM 0.43% 554,190 $30M $53.40 +554,190 NEW
17 CME 0.42% 105,580 $29M $270.19 -$20M -69,136 -39.6%
18 AMZN 0.41% 128,541 $28M $219.57 -$76M -348,582 -73.1%
19 AEM 0.38% 155,018 $26M $168.56 +155,018 NEW
20 NFLX 0.30% 17,060 $20M $1,198.92 $3M +4,011 +30.7%
21 BABA 0.30% 114,105 $20M $178.73 $17M +88,046 +337.9%
22 CIEN 0.29% 137,727 $20M $145.67 $19M +130,649 +1845.8%
23 MSTR 0.29% 62,129 $20M $322.21 -$10M -12,987 -17.3%
24 GDX 0.29% 259,721 $20M $76.40 $18M +218,718 +533.4%
25 WFC 0.29% 236,401 $20M $83.82 -$8M -111,193 -32.0%
26 RCAT 0.29% 1,907,122 $20M $10.35 +1,907,122 NEW
27 FYBR 0.28% 518,477 $19M $37.35 $1M +23,059 +4.7%
28 BAC 0.27% 358,869 $19M $51.59 -$34M -759,032 -67.9%
29 GS 0.26% 22,080 $18M $796.35 -$16M -25,688 -53.8%
30 BIDU 0.25% 130,505 $17M $131.77 +130,505 NEW
31 AVGO 0.25% 51,013 $17M $329.91 +51,013 NEW
32 PLTR 0.24% 91,251 $17M $182.42 -$112M -850,623 -90.3%
33 V 0.24% 48,161 $16M $341.38 -$8M -20,442 -29.8%
34 K 0.24% 198,962 $16M $82.02 $12M +148,101 +291.2%
35 IWV 0.23% 41,937 $16M $377.09 +41,937 NEW
36 LLY 0.23% 20,561 $16M $763.00 -$40K +385 +1.9%
37 JNJ 0.23% 83,645 $16M $185.42 -$6M -58,074 -41.0%
38 CSCO 0.22% 220,487 $15M $68.42 $2M +33,285 +17.8%
39 BRK-B 0.22% 29,847 $15M $502.74 $1M +1,801 +6.4%
40 QQQ 0.22% 24,875 $15M $600.37 +24,875 NEW
41 XOM 0.22% 131,297 $15M $112.75 -$19M -182,899 -58.2%
42 B 0.22% 444,016 $15M $33.32 +444,016 NEW
43 CRWV 0.21% 107,137 $15M $136.85 +107,137 NEW
44 SPR 0.20% 354,742 $14M $38.60 $1M +33,418 +10.4%
45 UUUU 0.19% 836,768 $13M $15.92 +836,768 NEW
46 SLB 0.19% 380,394 $13M $34.37 $4M +111,083 +41.2%
47 RDDT 0.17% 51,073 $12M $229.99 +51,073 NEW
48 AMD 0.17% 71,490 $12M $161.79 $10M +58,800 +463.4%
49 IONQ 0.17% 187,269 $12M $61.50 +187,269 NEW
50 PG 0.17% 74,710 $11M $153.65 -$13M -77,601 -51.0%
51 HD 0.16% 27,359 $11M $405.19 -$509K -4,264 -13.5%
52 CASY 0.16% 19,501 $11M $565.32 $2M +1,028 +5.6%
53 KEY 0.16% 584,471 $11M $18.69 $7M +330,967 +130.6%
54 CVNA 0.16% 28,939 $11M $377.24 $5M +11,809 +68.9%
55 PEP 0.16% 75,670 $11M $140.44 -$14M -109,307 -59.1%
56 HBAN 0.15% 613,111 $11M $17.27 -$3M -183,011 -23.0%
57 MO 0.15% 159,349 $11M $66.06 -$809K -33,985 -17.6%
58 ETHA 0.15% 327,395 $10M $31.51 $10M +283,720 +649.6%
59 UNP 0.15% 43,585 $10M $236.37 -$16M -70,782 -61.9%
60 MTB 0.15% 50,765 $10M $197.62 $819K +3,273 +6.9%
61 PYPL 0.15% 148,530 $10M $67.06 -$4M -43,407 -22.6%
62 CPNG 0.14% 306,770 $10M $32.20 $8M +259,583 +550.1%
63 QRVO 0.14% 108,001 $10M $91.08 $8M +86,064 +392.3%
64 VST 0.14% 50,146 $10M $195.92 $9M +43,969 +711.8%
65 AFL 0.14% 87,319 $10M $111.70 -$16M -158,136 -64.4%
66 CMI 0.14% 23,069 $10M $422.37 $6M +10,921 +89.9%
67 WMT 0.14% 93,268 $10M $103.06 -$19M -204,267 -68.7%
68 CMCSA 0.14% 304,615 $10M $31.42 -$8M -176,179 -36.6%
69 LMT 0.14% 19,108 $10M $499.21 -$8M -18,542 -49.2%
70 PLD 0.14% 82,804 $9M $114.52 $4M +25,957 +45.7%
71 SCHW 0.14% 97,931 $9M $95.47 -$3M -34,578 -26.1%
72 LRCX 0.13% 67,703 $9M $133.90 -$2M -51,022 -43.0%
73 WBD 0.13% 458,385 $9M $19.53 -$3M -605,596 -56.9%
74 MELI 0.13% 3,791 $9M $2,359.24 $8M +3,391 +847.8%
75 HON 0.13% 41,984 $9M $210.50 -$9M -33,120 -44.1%
76 TRV 0.13% 31,512 $9M $279.22 $5M +15,694 +99.2%
77 VRT 0.13% 56,834 $9M $150.86 $4M +21,090 +59.0%
78 PFE 0.13% 336,462 $9M $25.48 $160K -10,614 -3.1%
79 LNG 0.12% 36,215 $9M $234.98 -$3M -10,238 -22.0%
80 QCOM 0.12% 50,542 $8M $166.36 -$14M -89,695 -64.0%
81 SO 0.12% 87,982 $8M $94.77 $6M +62,972 +251.8%
82 ADI 0.12% 33,409 $8M $245.70 $7M +27,349 +451.3%
83 FSLR 0.12% 37,173 $8M $220.53 $5M +18,228 +96.2%
84 KSA 0.12% 200,249 $8M $40.58 +200,249 NEW
85 SATS 0.12% 105,750 $8M $76.36 $8M +92,422 +693.4%
86 CMG 0.12% 202,562 $8M $39.19 $497K +70,026 +52.8%
87 COP 0.12% 83,748 $8M $94.59 -$117K -5,835 -6.5%
88 MRK 0.11% 93,117 $8M $83.93 -$28M -355,802 -79.3%
89 PM 0.11% 47,969 $8M $162.20 -$8M -40,247 -45.6%
90 AXP 0.11% 23,416 $8M $332.16 $826K +1,623 +7.5%
91 WDC 0.11% 64,773 $8M $120.06 $3M -15,990 -19.8%
92 GD 0.11% 22,804 $8M $341.00 -$4M -18,650 -45.0%
93 ROK 0.11% 22,166 $8M $349.53 $5M +13,969 +170.4%
94 USFD 0.11% 100,763 $8M $76.62 -$385K -4,490 -4.3%
95 PANW 0.11% 37,889 $8M $203.62 $1M +5,113 +15.6%
96 BK 0.11% 70,439 $8M $108.96 $4M +29,902 +73.8%
97 COIN 0.11% 22,639 $8M $337.49 -$9M -24,613 -52.1%
98 TJX 0.11% 52,562 $8M $144.54 -$14M -122,227 -69.9%
99 KBE 0.11% 127,284 $8M $59.42 +127,284 NEW
100 EIX 0.11% 136,813 $8M $55.28 -$4M -78,311 -36.4%

Options Breakdown

96 Calls $12.1B Call Value 48 Puts $3.3B Put Value 0.27 P/C Ratio

Top Calls

SymbolSharesValueStatus
GOOG 14,280,000 $3.5B
PDD 651,875 $1.4B
META 1,740,000 $1.3B
MSFT 2,279,600 $1.2B
EEM 19,950,000 $1.1B
ASHR 12,000,000 $396M NEW
COIN 1,054,000 $356M
LQD 3,000,000 $334M NEW
BIDU 2,493,100 $329M
QQQ 545,500 $328M

Top Puts

SymbolSharesValueStatus
PDD 416,500 $883M
HYG 8,611,800 $699M
LQD 3,000,000 $334M
GOOG 1,200,000 $292M NEW
NVDA 1,094,000 $204M
GLD 500,000 $178M NEW
SPY 200,000 $133M
IBIT 2,000,000 $130M
TLT 1,000,000 $89M NEW
MSFT 127,400 $66M

New Positions

SymbolValue% Port
GLD $33M 0.48%
EEM $30M 0.43%
AEM $26M 0.38%
RCAT $20M 0.29%
BIDU $17M 0.25%
AVGO $17M 0.25%
IWV $16M 0.23%
QQQ $15M 0.22%
B $15M 0.22%
CRWV $15M 0.21%
UUUU $13M 0.19%
RDDT $12M 0.17%
IONQ $12M 0.17%
KSA $8M 0.12%
KBE $8M 0.11%

Sold Out Positions

SymbolValue% Port
EQBK —%
AVB —%
EXR —%
HRB —%
RSI —%
DIS —%
WY —%
SA —%
QUAD —%
BKH —%
SLVM —%
SLGN —%
EGP —%
BRX —%
INN —%
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