Brevan Howard Capital Management LP
Institutional investor · Portfolio as of Q4 2025
Top Holdings1,714 positions
FIRST TR EXCHANGE TRADED FD | 57.1M | $452M | 4.9% | $17.62 | +11.65% | 1 qtr | New 87 |
ISHARES BITCOIN TRUST ETF | 8.1M | $400.1M | 4.4% | — | — | — | Increased — |
NVIDIA Corp. | 2.1M | $385.7M | 4.2% | — | — | — | Increased — |
ISHARES TR | 4.4M | $355M | 3.9% | — | — | — | Decreased — |
ISHARES TR | 3M | $330.6M | 3.6% | — | — | — | Unchanged — |
ISHARES TR | 2.6M | $286.5M | 3.1% | — | — | — | Decreased — |
ISHARES BITCOIN TRUST ETF | 5.5M | $275.5M | 3.0% | $56.52 | -12.15% | 5 qtrssince 2024-Q4 | Decreased 0 |
ISHARES BITCOIN TRUST ETF | 5M | $248.3M | 2.7% | — | — | — | Increased — |
Invesco QQQ Trust, Series 1 UNIT SER 1 | 378,000 | $232.2M | 2.5% | — | — | — | Decreased — |
PINDUODUO INC | 101,000 | $183.2M | 2.0% | — | — | — | Decreased — |
PINDUODUO INC | 96,000 | $174.2M | 1.9% | — | — | — | Decreased — |
Alphabet Inc. | 549,884 | $172.1M | 1.9% | $175.42 | +78.09% | 9 qtrssince 2023-Q4 | Decreased 0 |
Alphabet Inc. | 480,053 | $150.6M | 1.6% | $203.35 | +54.01% | 9 qtrssince 2023-Q4 | Increased 53 |
BK OF AMERICA CORP | 2.4M | $129.3M | 1.4% | — | — | — | New — |
iShares Trust CORE S&P500 ETF | 162,970 | $112M | 1.2% | $679.33 | 0.00% | 1 qtr | New 69 |
Walmart Inc | 875,623 | $97.6M | 1.1% | $109.17 | +1.41% | 5 qtrssince 2024-Q4 | Increased 76 |
NVIDIA Corp. | 504,152 | $94M | 1.0% | $177.14 | +5.04% | 6 qtrssince 2024-Q3 | Decreased 0 |
ALIBABA GROUP HLDG LTD | 613,000 | $89.4M | 1.0% | — | — | — | Increased — |
ISHARES TR | 1M | $87.2M | 1.0% | — | — | — | Unchanged — |
ISHARES TR | 1M | $87.2M | 1.0% | — | — | — | Unchanged — |
Brevan Howard Capital Management LP manages $9.2B across 1714 positions as of Q4 2025. Top holdings: FTKI (4.9%), IBIT calls (4.4%), NVDA puts (4.2%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1.5/5.0.
Active quarter - 431 new positions, 603 exits, 520 increased. Top move: FTKI (NEW, conviction 87). Portfolio: $9.2B across 1714 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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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.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
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