Fund HoldingsBrevan Howard Capital Management LP

Total Portfolio Value
$10.39B
Total Bought
$6.54B
Total Sold
$11.70B
Net Transaction
-$5.16B
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
ISHARES TR(Call)077,842,000+77,842,00003,401,695+3,401,695
DBX ETF TR(Call)1,222,34016,484,540+15,262,20032,355437,994+405,639
ISHARES TR(Put)05,217,800+5,217,8000411,632+411,632
SELECT SECTOR SPDR TR(Put)
ST STR CARE ETF
01,247,300+1,247,3000182,118+182,118
ISHARES TR(Put)01,400,000+1,400,0000279,286+279,286
ALIBABA GROUP HLDG LTD(BABA)(Call)1,315,0001,900,000+585,000111,499247,722+136,223
SPDR S&P 500 ETF TR(SPY)(Put)224,500400,000+175,500131,575223,756+92,181
APPLE INC(AAPL)0365,687+365,687081,2300.78%+81,230
NVIDIA CORPORATION(NVDA)0651,090+651,090068,1560.66%+68,156
PFIZER INC(PFE)02,432,498+2,432,498061,6400.59%+61,640
ISHARES TR(Put)01,500,000+1,500,000053,760+53,760
ISHARES TR(Put)0600,000+600,000049,038+49,038
BLACKROCK INC(BLK)043,499+43,499041,1710.40%+41,171
META PLATFORMS INC(META)092,908+92,908053,5480.52%+53,548
MICROSOFT CORP(MSFT)0148,609+148,609055,7860.54%+55,786
US BANCORP DEL(USB)0701,545+701,545029,6190.29%+29,619
SPDR SER TR(Call)
ST STR SP BANK
0500,000+500,000026,480+26,480
SALESFORCE INC(CRM)(Put)0100,000+100,000026,261+26,261
ALIBABA GROUP HLDG LTD(BABA)(Put)0200,000+200,000026,076+26,076
ALBERTSONS COS INC(Call)01,181,000+1,181,000025,970+25,970
ISHARES INC(Put)01,000,000+1,000,000025,850+25,850
KRANESHARES TRUST(Call)0800,000+800,000027,928+27,928
SELECT SECTOR SPDR TR(Call)
ST STR TECHN ETF
220,000365,000+145,00051,15475,365+24,211
FREEPORT-MCMORAN INC(FCX)0725,601+725,601027,4710.26%+27,471
PALANTIR TECHNOLOGIES INC(PLTR)0276,705+276,705023,3540.22%+23,354
TAPESTRY INC(TPR)0288,634+288,634020,3230.20%+20,323
SELECT SECTOR SPDR TR(Call)
ST STR MATER ETF
0216,300+216,300018,597+18,597
SCHLUMBERGER LTD(SLB)(Call)0400,000+400,000016,720+16,720
HUNTINGTON BANCSHARES INC(HBAN)01,117,730+1,117,730016,7770.16%+16,777
M & T BK CORP(MTB)091,384+91,384016,3350.16%+16,335
MASTERCARD INCORPORATED(MA)27,35455,466+28,11214,40429,8300.29%+15,426
SPIRIT AEROSYSTEMS HLDGS INC0443,416+443,416015,3240.15%+15,324
JPMORGAN CHASE & CO.(JPM)060,800+60,800014,9140.14%+14,914
ABBVIE INC(ABBV)066,543+66,543013,9420.13%+13,942
MASTERCARD INCORPORATED(MA)(Call)025,000+25,000013,445+13,445
MP MATERIALS CORP(MP)0532,925+532,925013,0090.13%+13,009
CISCO SYS INC(CSCO)0228,993+228,993014,1310.14%+14,131
DISCOVER FINL SVCS075,000+75,000012,5030.12%+12,503
T-MOBILE US INC(TMUS)041,263+41,263011,0050.11%+11,005
ADVANCED MICRO DEVICES INC(AMD)(Call)0108,000+108,000010,940+10,940
JOHNSON & JOHNSON(JNJ)064,025+64,025010,6180.10%+10,618
AKAMAI TECHNOLOGIES INC(AKAM)000010,4130.10%+10,413
CATERPILLAR INC(CAT)031,261+31,261010,3100.10%+10,310
ENTERGY CORP NEW(ETR)0128,888+128,888011,0190.11%+11,019
UBER TECHNOLOGIES INC(UBER)(Put)0133,000+133,00009,690+9,690
AGNC INVT CORP(AGNC)(Put)01,000,000+1,000,00009,580+9,580
SCHWAB CHARLES CORP(SCHW)(Put)0121,100+121,10009,425+9,425
EXXON MOBIL CORP0196,382+196,382023,3560.22%+23,356
HESS CORP0145,850+145,850023,2970.22%+23,297
SEA LTD(SE)00008,7400.08%+8,740
SHOPIFY INC(SHOP)093,782+93,78208,9540.09%+8,954
APPLIED MATLS INC055,832+55,83208,1020.08%+8,102
BORGWARNER INC0337,715+337,71509,6760.09%+9,676
AMERICAN INTL GROUP INC085,452+85,45207,4290.07%+7,429
JUNIPER NETWORKS INC0422,459+422,459015,2340.15%+15,234
DROPBOX INC(DBX)00007,3440.07%+7,344
WELLTOWER INC(WELL)047,731+47,73107,3130.07%+7,313
ISHARES INC0279,009+279,00907,2120.07%+7,212
TYLER TEX INDPT SCH DIST(TYL)00007,1990.07%+7,199
NEWMONT CORP(NEM)0146,405+146,40507,0680.07%+7,068
MAGNOLIA OIL & GAS CORP(MGY)0277,218+277,21807,0030.07%+7,003
CORNING INC(GLW)0229,038+229,038010,4850.10%+10,485
ABBOTT LABS052,640+52,64006,9830.07%+6,983
AMGEN INC(AMGN)022,056+22,05606,8720.07%+6,872
BENTLEY SYS INC(BSY)00006,8330.07%+6,833
FRONTIER COMMUNICATIONS PARE407,000577,353+170,35314,12320,7150.20%+6,593
AT&T INC(T)0309,434+309,43408,7510.08%+8,751
UNITED STATES STL CORP NEW(Call)0150,000+150,00006,339+6,339
PERPETUA RESOURCES CORP(PPTA)0592,407+592,40706,3330.06%+6,333
CARRIER GLOBAL CORPORATION(CARR)099,556+99,55606,3120.06%+6,312
KLA CORP(KLAC)012,690+12,69008,6270.08%+8,627
NEW FORTRESS ENERGY INC(Call)01,100,000+1,100,00009,141+9,141
WOLFSPEED INC(WOLF)00006,0250.06%+6,025
ECOLAB INC(ECL)027,183+27,18306,8910.07%+6,891
TRANSALTA CORP(TAC)(Call)0782,800+782,80007,269+7,269
WELLS FARGO CO NEW(WFC)0263,918+263,918018,9470.18%+18,947
BLOCK H & R INC0103,627+103,62705,6900.05%+5,690
RELIANCE INC(RS)018,939+18,93905,4690.05%+5,469
LENNAR CORP(LEN)066,465+66,46507,6290.07%+7,629
SLM CORP(SLM)0179,284+179,28405,2660.05%+5,266
PHILIP MORRIS INTL INC(PM)040,557+40,55706,4380.06%+6,438
ROPER TECHNOLOGIES INC(ROP)08,582+8,58205,0600.05%+5,060
VERISIGN INC019,477+19,47704,9450.05%+4,945
SYNOVUS FINL CORP0105,498+105,49804,9310.05%+4,931
REGIONS FINANCIAL CORP NEW(RF)0226,191+226,19104,9150.05%+4,915
BOOZ ALLEN HAMILTON HLDG COR44,753101,829+57,0765,76010,6490.10%+4,890
KEYCORP(KEY)0409,342+409,34206,5450.06%+6,545
AMERICAN TOWER CORP NEW(AMT)(Call)022,000+22,00004,776+4,776
COSTAR GROUP INC(CSGP)(Call)060,000+60,00004,754+4,754
OLD REP INTL CORP(ORI)0121,090+121,09004,7490.05%+4,749
MGIC INVT CORP WIS(MTG)0190,724+190,72404,7260.05%+4,726
EXELON CORP(EXC)0101,976+101,97604,6990.05%+4,699
PDD HOLDINGS INC(PDD)00009,4390.09%+9,439
OMNICOM GROUP INC(OMC)055,321+55,32104,5870.04%+4,587
UNION PAC CORP(UNP)034,244+34,24408,0900.08%+8,090
GENERAL MTRS CO(GM)214,596339,600+125,00411,43215,9710.15%+4,540
AFLAC INC(AFL)040,693+40,69304,5250.04%+4,525
GILEAD SCIENCES INC(GILD)040,175+40,17504,5020.04%+4,502
ISHARES TR(Call)050,000+50,00004,450+4,450
ISHARES TR0138,180+138,18004,9520.05%+4,952
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