Brevan Howard Capital Management LP

Top Holdings194 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
??ISHARES TR PUT Delisted	14M	$1B	21.9%	—	—	—	—	New —
??INVESCO QQQ TR PUT	2.2M	$830.5M	17.3%	—	—	—	—	New —
??ISHARES TR CALL	7.9M	$808.1M	16.9%	—	—	—	—	New —
??ISHARES TR CALL	4.8M	$357.9M	7.5%	—	—	—	—	New —
??SPDR S&P 500 ETF TR PUT	450,000	$199.5M	4.2%	—	—	—	—	New —
??ISHARES TR CALL Delisted	4.2M	$160.2M	3.3%	—	—	—	—	New —
??MICROSOFT CORP CALL	380,000	$129.4M	2.7%	—	—	—	—	New —
SLV CALL ISHARES SILVER TR	5.3M	$111.7M	2.3%	—	—	—	—	New —
??ISHARES TR PUT Delisted	561,000	$105.1M	2.2%	—	—	—	—	New —
TLT ETF ISHARES TR	842,930	$86.8M	1.8%	—	$90.58	-0.38%	3 qtrssince 2022-Q4	Increased 69
??ISHARES TR CALL Delisted	425,000	$79.6M	1.7%	—	—	—	—	New —
??ISHARES TR CALL Delisted	900,000	$77.9M	1.6%	—	—	—	—	New —
??NEWMONT CORP CALL Delisted	1.5M	$64M	1.3%	—	—	—	—	New —
EMB ETF ISHARES TR	734,035	$63.5M	1.3%	—	$70.76	+5.67%	4 qtrssince 2022-Q3	Increased 48
EWZ ETF ISHARES INC	1.8M	$58.5M	1.2%	—	$27.23	0.00%	1 qtr	New 67
??ISHARES TR CALL Delisted	518,000	$55.7M	1.2%	—	—	—	—	New —
??INVESCO QQQ TR CALL Delisted	132,500	$48.9M	1.0%	—	—	—	—	New —
??SPDR SER TR PUT	800,000	$32.7M	0.7%	—	—	—	—	New —
??ISHARES TR PUT Delisted	300,000	$32.3M	0.7%	—	—	—	—	New —
??ISHARES TR PUT Delisted	1M	$27.2M	0.6%	—	—	—	—	New —

$4.8B

AUM

194

Positions

Q2 2023

Filing

HI score · 1.5/5

Quarterly 13F Value Change

FilingEquity

Activity profile

$ moved · Q2'23

New55%Increased1%Decreased1%Exited43%

Composition

Equity vs derivatives

Equity11%Puts49%Calls40%

Holding period

Avg 2.1 quarters

<1Q62%1-4Q21%1-2Y13%2Y+5%

Brevan Howard Capital Management LP manages $4.8B across 194 positions as of Q2 2023. Top holdings: ISHARES TR puts (21.9%), INVESCO QQQ TR puts (17.3%), ISHARES TR calls (16.9%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1.5/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CD1Q held

CHINDATA GROUP HLDGS LTD

Avg $2.37 · $730,083 est. P&L

—

Est. P&L

+269.62%

FSLR5Q held

FIRST SOLAR INC

Avg $68.13 · $291,972 est. P&L

—

Est. P&L

+179.01%

CME18Q held

CME GROUP INC

Avg $64.90 · $10.1M est. P&L

—

Est. P&L

+151.05%

Top Losers

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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.