Fund Holdings

Brevan Howard Capital Management LP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
INVESCO QQQ TR22,0001,482,035+1,460,03513,514,820855,400,9618.53%+841,886,141
ISHARES BITCOIN TRUST ETF(IBIT)5,548,75824,304,788+18,756,030275,495,835933,789,9559.31%+658,294,120
ISHARES TR06,420,000+6,420,0000510,775,2005.10%+510,775,200
NVIDIA CORPORATION(NVDA)504,1522,960,428+2,456,27694,024,349503,405,9795.02%+409,381,630
TESLA INC(TSLA)137,1641,123,875+986,71161,685,394417,800,5314.17%+356,115,137
PDD HOLDINGS INC(PDD)0180,500+180,5000295,095,8402.94%+295,095,840
ISHARES TR160,0002,750,000+2,590,00013,945,600238,397,5002.38%+224,451,900
ISHARES TR06,030,000+6,030,0000216,477,0002.16%+216,477,000
ISHARES TR(Call)1,000,0003,250,000+2,250,00087,160,000281,742,500+194,582,500
SPDR GOLD TR(GLD)995427,603+426,608394,328183,993,2951.84%+183,598,967
ISHARES TR315,0001,975,000+1,660,00034,709,850215,255,2502.15%+180,545,400
ISHARES TR(Call)500,0002,500,000+2,000,00040,315,000198,900,000+158,585,000
SELECT SECTOR SPDR TR
ST STR FINL ETF
02,500,000+2,500,0000123,425,0001.23%+123,425,000
ISHARES INC03,070,495+3,070,4950117,876,3031.18%+117,876,303
META PLATFORMS INC(META)1,927208,822+206,8951,271,994115,302,1121.15%+114,030,118
PALANTIR TECHNOLOGIES INC(PLTR)45,354791,246+745,8928,061,674112,048,3461.12%+103,986,672
BOEING CO(BA)5,491511,019+505,5281,192,206101,708,1121.01%+100,515,906
UBER TECHNOLOGIES INC(UBER)59,9241,116,853+1,056,9294,896,39078,615,2820.78%+73,718,892
SCHWAB CHARLES CORP(SCHW)3,152781,655+778,503314,91672,283,5460.72%+71,968,630
MICRON TECHNOLOGY INC(MU)16,145222,516+206,3714,644,02975,174,8050.75%+70,530,776
GENERAL MTRS CO(GM)4,060910,166+906,106330,15967,807,3680.68%+67,477,209
NETFLIX INC.(NFLX)112,561811,542+698,98110,553,71976,581,1620.76%+66,027,443
SELECT SECTOR SPDR TR
ST STR UTIL ETF
120,0001,500,000+1,380,0005,122,80068,835,0000.69%+63,712,200
CROWDSTRIKE HLDGS INC(CRWD)0143,829+143,829056,152,2800.56%+56,152,280
SANDISK CORP(SNDK)123,362131,559+8,19729,283,67283,584,6950.83%+54,301,023
MICROSOFT CORP(MSFT)9,3851,611,410+1,602,0254,538,77457,787,2390.58%+53,248,465
ALIBABA GROUP HLDG LTD(BABA)000051,130,5620.51%+51,130,562
SELECT SECTOR SPDR TR
ST STR MATER ETF
01,000,000+1,000,000049,970,0000.50%+49,970,000
SELECT SECTOR SPDR TR
ST STR STAPL ETF
0600,000+600,000049,188,0000.49%+49,188,000
JD.COM INC(JD)01,649,000+1,649,000047,779,7760.48%+47,779,776
CONOCOPHILLIPS(COP)0306,002+306,002040,392,2640.40%+40,392,264
COINBASE GLOBAL INC(COIN)12,722253,685+240,9632,876,95341,995,0150.42%+39,118,062
AGNC INVT CORP(AGNC)(Put)5,500,0009,524,200+4,024,20059,152,50095,527,726+36,375,226
ISHARES INC0292,385+292,385035,966,2790.36%+35,966,279
EVERGY INC(EVRG)000033,537,0000.33%+33,537,000
ISHARES TR0556,362+556,362031,595,7980.32%+31,595,798
KRANESHARES TRUST29,0001,117,500+1,088,500987,30531,770,5250.32%+30,783,220
SNOWFLAKE INC(SNOW)000030,224,4060.30%+30,224,406
AGNC INVT CORP(AGNC)(Call)03,000,000+3,000,000030,090,000+30,090,000
TECHNIPFMC PLC(FTI)0417,708+417,708028,876,1540.29%+28,876,154
ISHARES TR(Put)0500,000+500,000028,395,000+28,395,000
MCDONALDS CORP(MCD)1,18992,740+91,551363,39428,552,3280.28%+28,188,934
MASTEC INC(MTZ)8,64994,669+86,0201,880,03329,488,4470.29%+27,608,414
SELECT SECTOR SPDR TR
ST STR DISCR ETF
0230,944+230,944025,168,2770.25%+25,168,277
GLOBAL PMTS INC(GPN)000023,635,2600.24%+23,635,260
CENTERPOINT ENERGY INC(CNP)000023,565,6000.24%+23,565,600
DISNEY WALT CO(DIS)3,815254,345+250,530434,03323,987,2770.24%+23,553,244
CLOUDFLARE INC(NET)000022,890,6000.23%+22,890,600
COMCAST CORP NEW(CCZ)143,013942,356+799,3434,274,65927,055,0410.27%+22,780,382
SOUTHERN CO(SO)000022,186,2000.22%+22,186,200
VANECK ETF TRUST
GOLD MINERS ETF
272,053496,884+224,83123,675,41245,599,0450.45%+21,923,633
JAZZ INVESTMENTS I LTD(JAZZ)000021,105,3470.21%+21,105,347
AMAZON COM INC(AMZN)(Call)0100,000+100,000020,827,000+20,827,000
PG&E CORP(PCG)000020,817,4000.21%+20,817,400
PERPETUA RESOURCES CORP(PPTA)492,2001,225,000+732,80012,066,28432,854,5000.33%+20,788,216
CHEVRON CORPORATION(CVX)1,85497,185+95,331282,56820,107,5770.20%+19,825,009
ASML HLDG NV(Call)
N Y REGISTRY SHS
015,000+15,000019,812,450+19,812,450
DIAMONDBACK ENERGY INC(FANG)2,450100,192+97,742368,30919,816,9760.20%+19,448,667
WEC ENERGY GROUP INC(WEC)000018,030,0000.18%+18,030,000
AIRBNB INC(Put)0143,300+143,300017,703,999+17,703,999
AIRBNB INC(Call)0143,100+143,100017,679,290+17,679,290
ON SEMICONDUCTOR CORP(ON)000017,431,7400.17%+17,431,740
COSTCO WHOLESALE CORPORATION(COST)6,96123,483+16,5226,002,74923,399,1660.23%+17,396,417
T-MOBILE US INC(TMUS)5,21587,616+82,4011,058,85418,401,9880.18%+17,343,134
EXXON MOBIL CORP26,617119,450+92,8333,203,08920,265,8870.20%+17,062,798
CHENIERE ENERGY INC(LNG)9,61065,278+55,6681,868,08818,523,2850.18%+16,655,197
XPO INC(XPO)085,603+85,603016,654,0640.17%+16,654,064
SELECT SECTOR SPDR TR(Put)
ST STR FINL ETF
0332,358+332,358016,408,514+16,408,514
FIRSTENERGY CORP(FE)000016,273,9500.16%+16,273,950
ABBVIE INC(ABBV)073,583+73,583016,003,5670.16%+16,003,567
ISHARES TR(Call)0279,453+279,453015,870,136+15,870,136
SPOTIFY TECHNOLOGY S A(SPOT)032,363+32,363015,460,9380.15%+15,460,938
APPLE INC(AAPL)(Call)060,000+60,000015,227,400+15,227,400
APPLE INC(AAPL)(Put)060,000+60,000015,227,400+15,227,400
DISNEY WALT CO(DIS)(Put)0154,100+154,100014,533,171+14,533,171
NIOCORP DEVS LTD2,560,4166,485,000+3,924,58413,570,20528,047,6250.28%+14,477,420
PINNACLE WEST CAP CORP(PNW)000014,257,3750.14%+14,257,375
ENOVA INTL INC(ENVA)5,000109,793+104,793792,72514,913,1830.15%+14,120,458
ROBINHOOD MKTS INC(HOOD)2,921200,508+197,587330,36513,895,2050.14%+13,564,840
ISHARES TR(Put)2,600,0002,750,000+150,000286,494,000299,722,500+13,228,500
LAM RESEARCH CORP(LRCX)060,065+60,065012,833,4880.13%+12,833,488
KENVUE INC(KVUE)99,766841,248+741,4821,720,96414,503,1160.14%+12,782,152
NU HLDGS LTD(NU)0834,449+834,449011,991,0320.12%+11,991,032
ENERGY FUELS INC(UUUU)16,528668,755+652,227242,87912,204,7790.12%+11,961,900
CVB FINL CORP(CVBF)300,000895,386+595,3865,584,50017,361,5350.17%+11,777,035
CREDICORP LTD(BAP)033,802+33,802011,464,9620.11%+11,464,962
SERVISFIRST BANCSHARES INC(SFBS)11,454170,000+158,546822,28312,225,5500.12%+11,403,267
DUKE ENERGY CORP NEW(DUK)000011,020,9000.11%+11,020,900
MEDLINE INC(MDLN)(Put)0242,602+242,602010,795,789+10,795,789
FREEPORT MCMORAN INC(FCX)100,799268,503+167,7045,119,58115,782,6060.16%+10,663,025
FIGURE TECHNOLOGY SOLUTIO(FGRS)42,436350,157+307,7211,733,08611,887,8310.12%+10,154,745
SERVICENOW INC(NOW)(Call)092,331+92,33109,653,206+9,653,206
TERAWULF INC(WULF)147,600775,366+627,7661,695,92411,188,5320.11%+9,492,608
AXOS FINANCIAL INC(AX)25,000135,129+110,1292,145,37511,498,1270.11%+9,352,752
COREWEAVE INC(CRWV)7,706126,776+119,070551,8279,821,3370.10%+9,269,510
SELECT SECTOR SPDR TR(Call)
ST STR ENERG ETF
0150,000+150,00009,189,000+9,189,000
SUNCOR ENERGY INC NEW(SU)0135,000+135,00009,055,8000.09%+9,055,800
L3HARRIS TECHNOLOGIES INC(LHX)026,169+26,16909,032,2300.09%+9,032,230
TRIUMPH FINANCIAL INC0150,000+150,00008,949,0000.09%+8,949,000
BWX TECHNOLOGIES INC(BWXT)4,92347,453+42,530854,2649,703,6640.10%+8,849,400
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