Fund HoldingsBrevan Howard Capital Management LP

Total Portfolio Value
$17.27B
Total Bought
$13.05B
Total Sold
$6.18B
Net Transaction
+$6.87B
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
ISHARES BITCOIN TRUST ETF(IBIT)037,506,057+37,506,05702,295,74613.29%+2,295,746
META PLATFORMS INC(META)(Call)01,600,000+1,600,00001,180,944+1,180,944
AMAZON COM INC(AMZN)(Call)04,470,000+4,470,0000980,673+980,673
ALPHABET INC(GOOG)(Call)04,080,000+4,080,0000723,751+723,751
MICROSOFT CORP(MSFT)(Call)01,249,900+1,249,9000621,713+621,713
BLACKROCK ETF TRUST II060,706,457+60,706,4570460,5262.67%+460,526
ALPHABET INC(GOOG)(Call)02,409,500+2,409,5000424,626+424,626
INVESCO QQQ TR(Call)0675,000+675,0000372,357+372,357
ISHARES TR(Put)07,400,000+7,400,0000356,976+356,976
ISHARES INC(Call)08,660,000+8,660,0000249,841+249,841
ISHARES TR(Put)5,217,8008,000,000+2,782,200411,632645,200+233,568
ISHARES TR(Call)02,062,000+2,062,0000166,300+166,300
ALPHABET INC(GOOG)0889,880+889,8800156,8240.91%+156,824
MICROSOFT CORP(MSFT)(Put)0249,800+249,8000124,253+124,253
ISHARES TR01,455,000+1,455,0000117,3460.68%+117,346
PALANTIR TECHNOLOGIES INC(PLTR)276,705941,874+665,16923,354128,3960.74%+105,042
AMAZON COM INC(AMZN)0477,123+477,1230104,6760.61%+104,676
JPMORGAN CHASE & CO.(JPM)(Call)0328,500+328,500095,235+95,235
WELLS FARGO CO NEW(WFC)(Call)01,175,400+1,175,400094,714+94,714
APPLOVIN CORP(APP)0263,755+263,755092,3350.53%+92,335
ISHARES TR(Call)01,000,000+1,000,000088,250+88,250
MICROSOFT CORP(MSFT)148,609260,505+111,89655,786129,5780.75%+73,791
VANGUARD SCOTTSDALE FDS
INT-TERM CORP
0750,000+750,000062,0440.36%+62,044
ISHARES TR(Put)1,400,0001,571,000+171,000279,286339,006+59,720
MORGAN STANLEY(MS)(Call)0394,200+394,200055,527+55,527
ALPHABET INC(GOOG)0328,929+328,929058,3490.34%+58,349
ISHARES TR(Put)0500,000+500,000054,805+54,805
AGNC INVT CORP(AGNC)(Put)1,000,0007,000,000+6,000,0009,58064,330+54,750
BANK AMERICA CORP(Call)01,031,200+1,031,200048,796+48,796
GOLDMAN SACHS GROUP INC(GS)(Call)067,200+67,200047,481+47,481
AMPHENOL CORP NEW0449,345+449,345044,3730.26%+44,373
ABRDN PLATINUM ETF TRUST(Call)0360,000+360,000044,233+44,233
BANK AMERICA CORP01,117,901+1,117,901052,8990.31%+52,899
COINBASE GLOBAL INC(COIN)(Call)0112,000+112,000039,255+39,255
SELECT SECTOR SPDR TR(Call)
ST STR MATER ETF
216,300624,900+408,60018,59754,872+36,275
ISHARES INC(Call)0500,000+500,000035,890+35,890
PDD HOLDINGS INC(PDD)(Call)021,375+21,375035,654+35,654
MERCK & CO INC(MRK)0448,919+448,919035,5360.21%+35,536
ROBINHOOD MKTS INC(HOOD)0362,988+362,988033,9870.20%+33,987
PROGRESSIVE CORP(PGR)0126,688+126,688033,8080.20%+33,808
GOLDMAN SACHS GROUP INC(GS)047,768+47,768033,7510.20%+33,751
SELECT SECTOR SPDR TR(Put)
ST STR STAPL ETF
0400,000+400,000032,388+32,388
T-MOBILE US INC(TMUS)41,263180,383+139,12011,00542,9780.25%+31,973
SPDR S&P 500 ETF TR(SPY)(Call)050,000+50,000030,893+30,893
MICROSTRATEGY INC(MSTR)075,116+75,116030,3640.18%+30,364
BOEING CO(BA)(Call)0149,200+149,200031,262+31,262
NVIDIA CORPORATION(NVDA)(Call)0183,375+183,375028,971+28,971
FISERV INC(FISV)0166,154+166,154028,6470.17%+28,647
CHEVRON CORP NEW(CVX)0200,526+200,526028,7130.17%+28,713
WALMART INC(WMT)0297,535+297,535029,0930.17%+29,093
KROGER CO(KR)0371,327+371,327026,6350.15%+26,635
JPMORGAN CHASE & CO.(JPM)60,800138,021+77,22114,91440,0140.23%+25,099
SELECT SECTOR SPDR TR(Call)
ST STR ENERG ETF
0295,200+295,200025,036+25,036
SPDR SERIES TRUST(Call)
ST STR SP HOME
0250,000+250,000024,643+24,643
ISHARES BITCOIN TRUST ETF(IBIT)(Put)0400,000+400,000024,484+24,484
VISA INC(V)068,603+68,603024,3570.14%+24,357
PEPSICO INC(PEP)0184,977+184,977024,4240.14%+24,424
WILLIAMS COS INC(WMB)0374,202+374,202023,5040.14%+23,504
PROCTER AND GAMBLE CO(PG)0152,311+152,311024,2660.14%+24,266
AFLAC INC(AFL)40,693245,455+204,7624,52525,8860.15%+21,361
APOLLO GLOBAL MGMT INC(APO)0155,602+155,602022,2110.13%+22,211
INSMED INC(INSM)0202,594+202,594020,3890.12%+20,389
UNITEDHEALTH GROUP INC(UNH)076,575+76,575023,8890.14%+23,889
ISHARES TR(Put)1,500,0002,000,000+500,00053,76073,520+19,760
CME GROUP INC(CME)0174,716+174,716048,1550.28%+48,155
BOOKING HOLDINGS INC(BKNG)03,703+3,703021,4380.12%+21,438
SELECT SECTOR SPDR TR(Call)
ST STR CARE ETF
0140,000+140,000018,871+18,871
WELLTOWER INC(WELL)47,731169,844+122,1137,31326,1100.15%+18,797
SALESFORCE INC(CRM)0129,798+129,798035,3950.20%+35,395
SELECT SECTOR SPDR TR
ST STR STAPL ETF
0265,431+265,431021,4920.12%+21,492
UNION PAC CORP(UNP)34,244114,367+80,1238,09026,3140.15%+18,224
ALIBABA GROUP HLDG LTD(BABA)000017,7700.10%+17,770
PDD HOLDINGS INC(PDD)(Put)010,500+10,500017,514+17,514
HONEYWELL INTL INC(HON)075,104+75,104017,4900.10%+17,490
GALLAGHER ARTHUR J & CO(AJG)051,969+51,969016,6360.10%+16,636
QUALCOMM INC(QCOM)0140,237+140,237022,2020.13%+22,202
BOEING CO(BA)078,531+78,531016,4550.10%+16,455
CATERPILLAR INC(CAT)31,26168,638+37,37710,31026,6460.15%+16,336
APPLIED INDL TECHNOLOGIES IN(AIT)068,575+68,575015,9400.09%+15,940
ADOBE INC(ADBE)056,388+56,388021,8150.13%+21,815
EQT CORP(EQT)0279,716+279,716016,3130.09%+16,313
SPROUTS FMRS MKT INC(SFM)0105,545+105,545017,3770.10%+17,377
THE CIGNA GROUP(CI)069,373+69,373022,9330.13%+22,933
BOEING CO(BA)(Put)074,100+74,100015,526+15,526
TJX COS INC NEW(TJX)0174,789+174,789021,5850.12%+21,585
NASDAQ INC(NDAQ)0172,058+172,058015,3850.09%+15,385
CARPENTER TECHNOLOGY CORP(CRS)054,995+54,995015,2000.09%+15,200
NVIDIA CORPORATION(NVDA)(Put)092,500+92,500014,614+14,614
ELI LILLY & CO(LLY)020,176+20,176015,7280.09%+15,728
CSX CORP(CSX)0515,401+515,401016,8180.10%+16,818
EXPAND ENERGY CORPORATION(EXE)0122,140+122,140014,2830.08%+14,283
WASTE MGMT INC DEL(WM)061,186+61,186014,0010.08%+14,001
GUIDEWIRE SOFTWARE INC(GWRE)076,660+76,660018,0500.10%+18,050
ELEVANCE HEALTH INC(ELV)035,471+35,471013,7970.08%+13,797
LOCKHEED MARTIN CORP(LMT)037,650+37,650017,4370.10%+17,437
BERKSHIRE HATHAWAY INC DEL028,046+28,046013,6240.08%+13,624
ARISTA NETWORKS INC(ANET)0148,366+148,366015,1790.09%+15,179
MGM RESORTS INTERNATIONAL(MGM)0422,983+422,983014,5460.08%+14,546
KINDER MORGAN INC DEL(KMI)0516,233+516,233015,1770.09%+15,177
OLD DOMINION FREIGHT LINE IN(ODFL)084,357+84,357013,6910.08%+13,691
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