Brevan Howard Capital Management LP
Institutional investor · Portfolio as of Q4 2025
Top Holdings1,714 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
FIRST TR EXCHANGE TRADED FD | 57.1M | $452M | 4.9% | $17.62 | +15.81% | 1 qtr | New 87 |
ISHARES BITCOIN TRUST | 8.1M | $400.1M | 4.4% | — | — | — | Increased — |
NVIDIA CORP | 2.1M | $385.7M | 4.2% | — | — | — | Increased — |
ISHR IBX USD HIYLD CB ETF-UI | 4.4M | $355M | 3.9% | — | — | — | Decreased — |
ISHARES IBOXX INVESTMENT GRA | 3M | $330.6M | 3.6% | — | — | — | Unchanged — |
ISHARES IBOXX INVESTMENT GRA | 2.6M | $286.5M | 3.1% | — | — | — | Decreased — |
ISHARES BITCOIN TRUST | 5.5M | $275.5M | 3.0% | $56.60 | -11.96% | 5 qtrssince 2024-Q4 | Decreased 0 |
ISHARES BITCOIN TRUST | 5M | $248.3M | 2.7% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 378,000 | $232.2M | 2.5% | — | — | — | Decreased — |
PDD HOLDINGS INC | 101,000 | $183.2M | 2.0% | — | — | — | Decreased — |
PDD HOLDINGS INC | 96,000 | $174.2M | 1.9% | — | — | — | Decreased — |
ALPHABET INC-CL A | 549,884 | $172.1M | 1.9% | $177.99 | +76.33% | 9 qtrssince 2023-Q4 | Decreased 0 |
ALPHABET INC-CL C | 480,053 | $150.6M | 1.6% | $204.53 | +53.79% | 9 qtrssince 2023-Q4 | Increased 53 |
BANK OF AMERICA CORP | 2.4M | $129.3M | 1.4% | — | — | — | New — |
ISHARES CORE S&P 500 ETF | 162,970 | $112M | 1.2% | $689.92 | 0.00% | 1 qtr | New 69 |
WALMART INC | 875,623 | $97.6M | 1.1% | $110.27 | +1.50% | 5 qtrssince 2024-Q4 | Increased 76 |
NVIDIA CORP | 504,152 | $94M | 1.0% | $173.51 | +8.08% | 6 qtrssince 2024-Q3 | Decreased 0 |
ALIBABA GROUP HOLDING-SP ADR | 613,000 | $89.4M | 1.0% | — | — | — | Increased — |
ISHARES 20 PLUS YEAR TREASURY BD | 1M | $87.2M | 1.0% | — | — | — | Unchanged — |
ISHARES 20 PLUS YEAR TREASURY BD | 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 (4.4%), NVDA (4.2%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 2/5.0.
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
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