Brevan Howard Capital Management LP
Institutional investor · Portfolio as of Q1 2026
Top Holdings2,114 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
ISHARES BITCOIN TRUST | 24.3M | $933.8M | 8.3% | $42.79 | -16.72% | 6 qtrssince 2024-Q4 | Increased 100 |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 1.5M | $855.4M | 7.6% | $601.53 | +21.54% | 3 qtrssince 2025-Q3 | Increased 100 |
ISHR IBX USD HIYLD CB ETF-UI | 6.4M | $510.8M | 4.5% | $77.62 | +2.69% | 1 qtr | New 87 |
NVIDIA CORP | 3M | $503.4M | 4.5% | $178.94 | +25.83% | 7 qtrssince 2024-Q3 | Increased 93 |
TESLA INC | 1.1M | $417.8M | 3.7% | $397.57 | -13.91% | 4 qtrssince 2025-Q2 | Increased 92 |
ISHARES IBOXX INVESTMENT GRA | 2.8M | $299.7M | 2.7% | — | — | — | Increased — |
PDD HOLDINGS INC | 180,500 | $295.1M | 2.6% | $100.71 | -15.81% | 1 qtr | New 80 |
ISHARES 20 PLUS YEAR TREASURY BD | 3.3M | $281.7M | 2.5% | — | — | — | Increased — |
ISHARES 20 PLUS YEAR TREASURY BD | 2.8M | $238.4M | 2.1% | $85.02 | -3.51% | 2 qtrssince 2025-Q4 | Increased 85 |
ISHARES TR | 6M | $216.5M | 1.9% | $36.06 | -3.24% | 1 qtr | New 70 |
ISHARES IBOXX INVESTMENT GRA | 2M | $215.3M | 1.9% | $106.94 | -0.76% | 2 qtrssince 2025-Q4 | Increased 78 |
ISHR IBX USD HIYLD CB ETF-UI | 2.5M | $198.9M | 1.8% | — | — | — | Increased — |
SPDR GOLD TRUST | 427,603 | $184M | 1.6% | $467.87 | -14.19% | 3 qtrssince 2025-Q3 | Increased 77 |
FINANCIAL SELECT SECTOR SPDR | 2.5M | $123.4M | 1.1% | $51.21 | +13.57% | 1 qtr | New 69 |
ISHARES MSCI BRAZIL ETF | 3.1M | $117.9M | 1.0% | $36.82 | -7.85% | 1 qtr | New 69 |
META PLATFORMS INC-CLASS A | 208,822 | $115.3M | 1.0% | $655.34 | -9.99% | 12 qtrssince 2023-Q2 | Increased 76 |
PALANTIR TECHNOLOGIES INC-A | 791,246 | $112M | 1.0% | $145.52 | +19.60% | 6 qtrssince 2024-Q4 | Increased 68 |
BOEING CO/THE | 511,019 | $101.7M | 0.9% | $224.02 | +3.42% | 4 qtrssince 2025-Q2 | Increased 68 |
AGNC INVESTMENT CORP | 9.5M | $95.5M | 0.8% | — | — | — | Increased — |
SANDISK CORP | 131,559 | $83.6M | 0.7% | $258.55 | +534.74% | 3 qtrssince 2025-Q3 | Increased 45 |
Brevan Howard Capital Management LP manages $11.3B across 2114 positions as of Q1 2026. Top holdings: IBIT (8.3%), QQQ (7.6%), HYG (4.5%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.
Active quarter - 801 new positions, 418 exits, 642 increased. Top move: IBIT (INCREASED, conviction 100). Portfolio: $11.3B across 2114 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer