BH
Brevan Howard Capital Management LP 13F Filing (Q2 2026) — Top Positions & Stock Picks
Brevan Howard Capital Management LPCIK: 0001512857
Diversified strategyHigh-turnover traderMomentum follower
Total reported value
$13.5B
Reporting period: 2026-06-30 · Number of holdings: 2241
Brevan Howard Capital Management LP disclosed 2241 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $13.5B and a quarterly turnover rate of 78.4%.
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Personality snowflake
- Concentration
- 8.7
- Portfolio Stability
- 78.43
- Momentum
- 65.66
- Sector conviction
- 51.01
- Diversification
- 100
- Sizing Uniformity
- 35.98
Brevan Howard Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 46 equally-sized positions, well below its 2241 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 6.40), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 56% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy IVV
Trim IBIT
-18.9% -$277.7M
Trim QQQ
-48.1% -$288.7M
Trim HYG
-41.1% -$289.8M
Add KRE
+36265.6% $419.6M
Sold out FXI
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 2241 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 6.65% | +6.65% | NEW | |
| 2 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 6.07% | +1.47% | +58.23% | |
| 3 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 4.86% | -3.40% | -18.91% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.20% | -3.36% | -48.08% | |
| 5 | TSLA | Tesla Inc | Stock-Consumer Disc | 4.17% | +0.48% | +19.16% | |
| 6 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 4.04% | -0.51% | +5.93% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 3.76% | -0.69% | -14.29% | |
| 8 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 3.11% | +3.10% | +36265.63% | |
| 9 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 3.11% | -3.17% | -41.14% | |
| 10 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.20% | +1.88% | +618.96% | |
| 11 | MSFT | Microsoft CORP | Stock-Tech | 2.08% | +1.57% | -53.31% | |
| 12 | AAPL | Apple Inc | Stock-Tech | 1.76% | +1.15% | +203.10% | |
| 13 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.57% | +1.36% | +632.48% | |
| 14 | BA | Boeing Co/the | Stock-Industrials | 1.00% | +0.08% | +18.80% | |
| 15 | AMD | Advanced Micro Devices | Stock-Tech | 0.94% | +0.92% | +2194.40% | |
| 16 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.87% | +0.37% | +7.10% | |
| 17 | KWEB | Kranesh Csi China Internet | ETF-Emerging Markets | 0.86% | +0.58% | +326.85% | |
| 18 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.79% | -0.23% | -8.89% | |
| 19 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.77% | -0.22% | +13.21% | |
| 20 | PDD | Pdd Holdings Inc | Stock-Consumer Disc | 0.76% | -1.85% | -53.13% | |
| 21 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.68% | +0.54% | +350.34% | |
| 22 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.64% | +0.12% | +88.20% | |
| 23 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.60% | -0.04% | +12.41% | |
| 24 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 0.57% | +0.15% | +83.09% | |
| 25 | UBER | Uber Technologies Inc | Stock-Industrials | 0.56% | -0.14% | -5.60% | |
| 26 | NFLX | Netflix Inc | Stock-Comm Services | 0.56% | -0.12% | +29.87% | |
| 27 | MU | Micron Technology Inc | Stock-Tech | 0.55% | -0.11% | -70.90% | |
| 28 | BAC | Bank Of America CORP | Stock-Financials | 0.55% | +0.36% | +191.56% | |
| 29 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.52% | +0.49% | +1706.30% | |
| 30 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.51% | -0.10% | +1.32% | |
| 31 | CVX | Chevron CORP | Stock-Energy | 0.50% | +0.32% | +316.27% | |
| 32 | EWY | Ishares Msci South Korea ETF | ETF-Other | 0.46% | +0.14% | +6.02% | |
| 33 | SNDK | Sandisk CORP | Stock-Tech | 0.43% | -0.31% | -80.69% | |
| 34 | BE | Bloom Energy Corp- A | Stock-Industrials | 0.42% | +0.40% | +921.02% | |
| 35 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.42% | +0.20% | +109.00% | |
| 36 | GM | General Motors Co | Stock-Consumer Disc | 0.42% | -0.18% | -19.95% | |
| 37 | XLB | Ss Materials Select Sector | ETF-Other | 0.38% | -0.06% | +1.49% | |
| 38 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.37% | +0.37% | NEW | |
| 39 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.35% | +0.22% | +160.20% | |
| 40 | COP | Conocophillips | Stock-Energy | 0.32% | -0.04% | +34.90% | |
| 41 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 0.31% | -0.03% | -6.07% | |
| 42 | AGNC | Agnc Investment CORP | Stock-Real Estate | 0.30% | -0.83% | -71.03% | |
| 43 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.30% | -0.04% | +1.37% | |
| 44 | COIN | Coinbase Global Inc -class A | Stock-Financials | 0.28% | -0.09% | +0.95% | |
| 45 | C | Citigroup Inc | Stock-Financials | 0.27% | +0.13% | +84.17% | |
| 46 | NB | Niocorp Developments LTD | Stock-Other | 0.25% | — | +9.10% | |
| 47 | TMUS | T-mobile US Inc | Stock-Comm Services | 0.24% | +0.08% | +119.85% | |
| 48 | NET 0 08-15-26Bond | Cloudflare Inc | Bond | 0.24% | +0.04% | +25.00% | |
| 49 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.24% | +0.24% | NEW | |
| 50 | BABA 0.5 06-01-31Bond | Alibaba Group Holding | Bond | 0.23% | -0.22% | -29.07% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.1%
Performance Last 4 Quarters
+12.1%
- Stdev
- +13%
- Beta
- +0.89
- Alpha
- -2%
- Max Drawdown
- -8%
- Annualized Perf
- +16.1%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.31
- Stutzer
- +0.36
- Treynor
- +0.18
- Sterling
- +1.07
- Calmar
- +2.01
- Information Ratio
- -0.67
- Tracking Error
- +6.2%
- Stdev Down
- +6.9%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +30%
- Worst 12 Months
- +8%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.22
- Stdev Sectors
- +8.5%
- Skewness
- -0.04
- Kurtosis
- -0.19
- Upside Potential
- +4.07
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 2241 | $13.5B | 78 | ||
| 2026 Q1 | 2477 | $11.3B | 91 | ||
| 2025 Q4 | 1878 | $9.2B | 100 | ||
| 2025 Q3 | 2007 | $22.4B | 100 | ||
| 2025 Q2 | 1894 | $17.3B | 0 | ||
| 2025 Q1 | 1752 | $10.4B | 100 | ||
| 2024 Q4 | 1263 | $15.6B | 0 | ||
| 2024 Q3 | 1179 | $14.4B | 0 | ||
| 2024 Q2 | 1022 | $11.2B | 0 | ||
| 2024 Q1 | 987 | $11.1B | 0 | ||
| 2023 Q4 | 1030 | $8.2B | 0 | ||
| 2023 Q3 | 403 | $7.8B | 0 | ||
| 2023 Q2 | 209 | $4.8B | 0 | ||
| 2023 Q1 | 127 | $3.8B | 0 | ||
| 2022 Q4 | 88 | $3.0B | 0 | ||
| 2022 Q3 | 76 | $2.7B | 0 | ||
| 2022 Q2 | 48 | $2.4B | 0 | ||
| 2022 Q1 | 34 | $1.9B | 0 | ||
| 2021 Q4 | 20 | $138.0M | 0 | ||
| 2021 Q3 | 36 | $769.6M | 0 | ||
| 2021 Q2 | 41 | $364.9M | 100 | ||
| 2021 Q1 | 55 | $680.6M | 100 | ||
| 2020 Q4 | 26 | $498.6M | 100 | ||
| 2017 Q3 | 30 | $43.5M | 78 | ||
| 2017 Q2 | 3 | $19.7M | 79 | ||
| 2017 Q1 | 2 | $20.5M | 100 | ||
| 2016 Q4 | 2 | $33.9M | 100 | ||
| 2016 Q3 | 13 | $1.2B | 50 | ||
| 2016 Q2 | 5 | $913.4M | 50 | ||
| 2016 Q1 | 17 | $1.3B | 100 | ||
| 2015 Q4 | 12 | $198.1M | 71 | ||
| 2015 Q3 | 19 | $198.4M | 91 | ||
| 2015 Q2 | 28 | $324.4M | 100 | ||
| 2015 Q1 | 20 | $277.1M | 100 | ||
| 2014 Q4 | 9 | $180.2M | 100 | ||
| 2014 Q3 | 13 | $287.6M | 100 | ||
| 2014 Q2 | 14 | $215.8M | 94 | ||
| 2014 Q1 | 14 | $207.4M | 100 | ||
| 2013 Q4 | 23 | $287.7M | 100 | ||
| 2013 Q3 | 32 | $214.3M | 100 | ||
| 2013 Q2 | 29 | $573.4M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Brevan Howard Capital Management LP's most significant position changes for 2026-06-30: New buy: Ishares Core S&p 500 ETF (IVV); Sold out: Ishares China Large-cap ETF (FXI); Sold out: Spdr Gold Shares (GLD); Sold out: Ishares Msci Emerging Market (EEM); New buy: Ss Comm Select Sector Spdr (XLC).
Showing top 200 changes by size (of 2558 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +6.7% | NEW | New buy |
| 2 | KRE | Ss Spdr S&p Regional Bank | +3.1% | +36265.63% | Add |
| 3 | AMZN | Amazon.com Inc | +1.9% | +618.96% | Add |
| 4 | MSFT | Microsoft CORP | +1.6% | -53.31% | Trim |
| 5 | TLT | Ishares 20+ Year Treasury Bd | +1.5% | +58.23% | Add |
| 6 | GOOGL | Alphabet Inc-cl A | +1.4% | +632.48% | Add |
| 7 | AAPL | Apple Inc | +1.2% | +203.10% | Add |
| 8 | AMD | Advanced Micro Devices | +0.9% | +2194.40% | Add |
| 9 | KWEB | Kranesh Csi China Internet | +0.6% | +326.85% | Add |
| 10 | LLY | Eli Lilly & Co | +0.5% | +350.34% | Add |
| 11 | GS | Goldman Sachs Group Inc | +0.5% | +1706.30% | Add |
| 12 | TSLA | Tesla Inc | +0.5% | +19.16% | Add |
| 13 | BE | Bloom Energy Corp- A | +0.4% | +921.02% | Add |
| 14 | CRWD | Crowdstrike Holdings Inc - A | +0.4% | +7.10% | Add |
| 15 | XLC | Ss Comm Select Sector Spdr | +0.4% | NEW | New buy |
| 16 | BAC | Bank Of America CORP | +0.4% | +191.56% | Add |
| 17 | CVX | Chevron CORP | +0.3% | +316.27% | Add |
| 18 | SOXX | Ishares Semiconductor ETF | +0.2% | NEW | New buy |
| 19 | GOOG | Alphabet Inc-cl C | +0.2% | +160.20% | Add |
| 20 | XLY | Ss Consumer Disc Select Sect | +0.2% | +109.00% | Add |
| 21 | ✓ | +0.2% | NEW | New buy | |
| 22 | STRL | Sterling Infrastructure Inc | +0.2% | +3206.30% | Add |
| 23 | ✓ | +0.2% | NEW | New buy | |
| 24 | AVGO | Broadcom Inc | +0.2% | +290.00% | Add |
| 25 | MKSI | Mks Inc | +0.2% | +603.62% | Add |
| 26 | MTSI | Macom Technology Solutions H | +0.2% | NEW | New buy |
| 27 | FLG | Flagstar Bank NA | +0.2% | +10708.46% | Add |
| 28 | XLK | Ss Technology Select Sector | +0.2% | NEW | New buy |
| 29 | CRDO | Credo Technology Group Holding Ltd | +0.2% | +1157.11% | Add |
| 30 | CRS | Carpenter Technology | +0.2% | +335.01% | Add |
| 31 | JD | Jd.com Inc-adr | +0.2% | +83.09% | Add |
| 32 | CAH | Cardinal Health Inc | +0.2% | +608.71% | Add |
| 33 | DBX 0 03-01-28Bond | Dropbox Inc | +0.2% | NEW | New buy |
| 34 | EWY | Ishares Msci South Korea ETF | +0.1% | +6.02% | Add |
| 35 | NVT | nVent Electric plc | +0.1% | +682.90% | Add |
| 36 | C | Citigroup Inc | +0.1% | +84.17% | Add |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +205.86% | Add |
| 38 | PANW | Palo Alto Networks Inc | +0.1% | NEW | New buy |
| 39 | ETN | Eaton Corporation plc | +0.1% | NEW | New buy |
| 40 | BABA | Alibaba Group Holding-sp Adr | +0.1% | +88.20% | Add |
| 41 | BPOP | Popular Inc | +0.1% | NEW | New buy |
| 42 | BLD | Topbuild CORP | +0.1% | +1090.10% | Add |
| 43 | ALAB | Astera Labs Inc | +0.1% | NEW | New buy |
| 44 | ✓ | +0.1% | NEW | New buy | |
| 45 | CRM | Salesforce Inc | +0.1% | +2029.72% | Add |
| 46 | ROIV | Roivant Sciences Ltd. | +0.1% | +343.92% | Add |
| 47 | ✓ | +0.1% | NEW | New buy | |
| 48 | FTNT | Fortinet Inc | +0.1% | +317.18% | Add |
| 49 | AMKR | Amkor Technology Inc | +0.1% | +671.74% | Add |
| 50 | ATI | Ati Inc | +0.1% | +87.45% | Add |
1–50 of 200
Filing History
FAQ
What is Brevan Howard Capital Management LP and what type of investor is it?
Brevan Howard Capital Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $13.5B, spread across 2241 disclosed positions.
What are Brevan Howard Capital Management LP's largest equity positions?
Based on the latest 13F filing, Brevan Howard Capital Management LP's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $898.2M (6.7%)
2. Ishares 20+ Year Treasury Bd (TLT) — $820.5M (6.1%)
3. Ishares Bitcoin Trust ETF (IBIT) — $656.1M (4.9%)
4. Invesco Qqq Trust Series 1 (QQQ) — $566.7M (4.2%)
5. Tesla Inc (TSLA) — $563.3M (4.2%)
What changes did Brevan Howard Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Brevan Howard Capital Management LP made 200 notable position adjustments: 38 new positions were initiated, 88 existing holdings were added to, 47 positions were partially reduced, and 27 were completely exited. The largest of these moves: New buy: Ishares Core S&p 500 ETF (IVV); Sold out: Ishares China Large-cap ETF (FXI); Sold out: Spdr Gold Shares (GLD); Sold out: Ishares Msci Emerging Market (EEM); New buy: Ss Comm Select Sector Spdr (XLC)
What sectors does Brevan Howard Capital Management LP focus on?
Brevan Howard Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.7%
• Consumer Discretionary: 20.3%
• Industrials: 11.6%
• Financials: 10.9%
• Communication Services: 8.4%
• Health Care: 7.2%
Investment Profile
Brevan Howard Capital Management LP returned an annualized 16.1% over the trailing 36 months — underperforming the S&P 500 by 2.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.89 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading.
Its turnover score has risen from 0 to 78 over the past 4 quarters — a shift toward more active trading.
It has added to its TLT position over the past two quarters (+$632.2M, now $820.5M), while trimming PDD over the same stretch (-$254.2M, still holding $103.3M).
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Developer Access
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REST API
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npx alphasmo institutions get brevan-howard-capital-management-lp