Brevan Howard Capital Management LP
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| ALPHABET INC(GOOG)(Call) | 4,080,000 | 14,280,000 | +10,200,000 | 723,751,200 | 3,477,894,000 | — | +2,754,142,800 |
| PDD HOLDINGS INC(PDD)(Call) | 21,375 | 651,875 | +630,500 | 35,653,500 | 1,382,183,600 | — | +1,346,530,100 |
| PDD HOLDINGS INC(PDD)(Put) | 10,500 | 416,500 | +406,000 | 17,514,000 | 883,113,280 | — | +865,599,280 |
| ISHARES TR(Call) | 7,950,000 | 19,950,000 | +12,000,000 | 383,508,000 | 1,065,330,000 | — | +681,822,000 |
| MICROSOFT CORP(MSFT)(Call) | 1,249,900 | 2,279,600 | +1,029,700 | 621,712,759 | 1,180,718,820 | — | +559,006,061 |
| DBX ETF TR(Call) | 0 | 12,000,000 | +12,000,000 | 0 | 395,760,000 | — | +395,760,000 |
| ISHARES TR(Call) | 0 | 3,000,000 | +3,000,000 | 0 | 334,410,000 | — | +334,410,000 |
| COINBASE GLOBAL INC(COIN)(Call) | 112,000 | 1,054,000 | +942,000 | 39,254,880 | 355,714,460 | — | +316,459,580 |
| BAIDU INC(Call) | 150,000 | 2,493,100 | +2,343,100 | 12,847,500 | 328,515,787 | — | +315,668,287 |
| ALPHABET INC(GOOG)(Put) | 0 | 1,200,000 | +1,200,000 | 0 | 292,260,000 | — | +292,260,000 |
| ISHARES TR(Put) | 500,000 | 3,000,000 | +2,500,000 | 54,805,000 | 334,410,000 | — | +279,605,000 |
| AGNICO EAGLE MINES LTD(AEM)(Call) | 0 | 1,440,000 | +1,440,000 | 0 | 242,481,191 | — | +242,481,191 |
| ISHARES BITCOIN TRUST ETF(IBIT)(Call) | 0 | 3,200,500 | +3,200,500 | 0 | 208,032,500 | — | +208,032,500 |
| NVIDIA CORPORATION(NVDA)(Put) | 92,500 | 1,094,000 | +1,001,500 | 14,614,075 | 204,118,520 | — | +189,504,445 |
| VANECK ETF TRUST(Call) | 0 | 2,400,000 | +2,400,000 | 0 | 183,360,000 | — | +183,360,000 |
| SPDR GOLD TR(GLD)(Put) | 0 | 500,000 | +500,000 | 0 | 177,735,000 | — | +177,735,000 |
| BARRICK MNG CORP(B)(Call) | 0 | 5,400,000 | +5,400,000 | 0 | 177,322,129 | — | +177,322,129 |
| NEWMONT CORP(NEM)(Call) | 100,000 | 2,100,000 | +2,000,000 | 5,826,000 | 177,051,000 | — | +171,225,000 |
| ISHARES TR(Call) | 0 | 4,000,000 | +4,000,000 | 0 | 164,560,000 | — | +164,560,000 |
| ISHARES BITCOIN TRUST ETF(IBIT)(Put) | 400,000 | 2,000,000 | +1,600,000 | 24,484,000 | 130,000,000 | — | +105,516,000 |
| NVIDIA CORPORATION(NVDA) | 70,380 | 602,172 | +531,792 | 11,119,336 | 112,353,251 | 1.61% | +101,233,915 |
| META PLATFORMS INC(META) | 61,106 | 193,944 | +132,838 | 45,101,728 | 142,428,594 | 2.04% | +97,326,866 |
| META PLATFORMS INC(META)(Call) | 1,600,000 | 1,740,000 | +140,000 | 1,180,944,000 | 1,277,821,200 | — | +96,877,200 |
| ISHARES BITCOIN TRUST ETF(IBIT) | 37,506,057 | 36,752,748 | -753,309 | 2,295,745,749 | 2,388,928,620 | 34.27% | +93,182,871 |
| TESLA INC(TSLA)(Call) | 18,900 | 215,000 | +196,100 | 6,003,774 | 95,614,800 | — | +89,611,026 |
| ISHARES TR(Put) | 0 | 1,000,000 | +1,000,000 | 0 | 89,370,000 | — | +89,370,000 |
| ISHARES TR(Call) | 0 | 300,000 | +300,000 | 0 | 72,588,000 | — | +72,588,000 |
| MICROSOFT CORP(MSFT) | 260,505 | 376,572 | +116,067 | 129,577,792 | 195,045,468 | 2.80% | +65,467,676 |
| ALIBABA GROUP HLDG LTD(BABA)(Call) | 0 | 355,000 | +355,000 | 0 | 63,449,150 | — | +63,449,150 |
| APPLE INC(AAPL) | 179,102 | 386,334 | +207,232 | 36,746,357 | 98,372,226 | 1.41% | +61,625,869 |
| ISHARES TR(Put) | 8,000,000 | 8,611,800 | +611,800 | 645,200,000 | 699,192,042 | — | +53,992,042 |
| ALIBABA GROUP HLDG LTD(BABA)(Put) | 0 | 295,000 | +295,000 | 0 | 52,725,350 | — | +52,725,350 |
| ALPHABET INC(GOOG)(Put) | 0 | 200,000 | +200,000 | 0 | 48,620,000 | — | +48,620,000 |
| ALPHABET INC(GOOG) | 328,929 | 437,044 | +108,115 | 58,348,715 | 106,442,066 | 1.53% | +48,093,351 |
| TESLA INC(TSLA) | 12,976 | 104,691 | +91,715 | 4,121,956 | 46,558,182 | 0.67% | +42,436,226 |
| LOCKHEED MARTIN CORP(LMT)(Call) | 0 | 85,000 | +85,000 | 0 | 42,432,850 | — | +42,432,850 |
| ALPHABET INC(GOOG) | 889,880 | 790,620 | -99,260 | 156,823,552 | 192,199,722 | 2.76% | +35,376,170 |
| ALIBABA GROUP HLDG LTD(BABA) | 0 | 0 | 0 | 17,769,780 | 52,717,590 | 0.76% | +34,947,810 |
| SPDR GOLD TR(GLD) | 0 | 93,000 | +93,000 | 0 | 33,058,710 | 0.47% | +33,058,710 |
| NVIDIA CORPORATION(NVDA)(Call) | 183,375 | 324,875 | +141,500 | 28,971,416 | 60,615,178 | — | +31,643,762 |
| COMFORT SYS USA INC(FIX) | 16,559 | 48,062 | +31,503 | 8,879,101 | 39,659,801 | 0.57% | +30,780,700 |
| SNOWFLAKE INC(SNOW)(Put) | 0 | 134,000 | +134,000 | 0 | 30,223,700 | — | +30,223,700 |
| ASTERA LABS INC(ALAB) | 74,466 | 186,984 | +112,518 | 6,733,216 | 36,611,467 | 0.53% | +29,878,251 |
| SPDR SERIES TRUST(Put) | 0 | 500,000 | +500,000 | 0 | 29,710,000 | — | +29,710,000 |
| ISHARES TR | 0 | 554,190 | +554,190 | 0 | 29,593,746 | 0.42% | +29,593,746 |
| NEWMONT CORP(NEM) | 161,334 | 423,603 | +262,269 | 9,399,319 | 35,713,969 | 0.51% | +26,314,650 |
| AGNICO EAGLE MINES LTD(AEM) | 0 | 155,018 | +155,018 | 0 | 26,129,831 | 0.37% | +26,129,831 |
| BANK AMERICA CORP(Put) | 0 | 500,000 | +500,000 | 0 | 25,795,000 | — | +25,795,000 |
| APPLE INC(AAPL)(Call) | 0 | 100,000 | +100,000 | 0 | 25,463,000 | — | +25,463,000 |
| INVESCO QQQ TR(Put) | 0 | 40,000 | +40,000 | 0 | 24,014,800 | — | +24,014,800 |
| UNITED STS OIL FD LP(USO)(Call) | 0 | 300,000 | +300,000 | 0 | 22,125,000 | — | +22,125,000 |
| INSMED INC(INSM) | 202,594 | 294,047 | +91,453 | 20,389,060 | 42,345,708 | 0.61% | +21,956,648 |
| ISHARES TR(Call) | 0 | 200,000 | +200,000 | 0 | 21,450,000 | — | +21,450,000 |
| RED CAT HLDGS INC(RCAT) | 0 | 1,907,122 | +1,907,122 | 0 | 19,738,713 | 0.28% | +19,738,713 |
| SELECT SECTOR SPDR TR(Call) | 295,200 | 500,000 | +204,800 | 25,035,912 | 44,670,000 | — | +19,634,088 |
| CIENA CORP(CIEN) | 7,078 | 137,727 | +130,649 | 575,654 | 20,062,692 | 0.29% | +19,487,038 |
| VANECK ETF TRUST | 41,003 | 259,721 | +218,718 | 2,105,299 | 19,842,684 | 0.28% | +17,737,385 |
| ALIBABA GROUP HLDG LTD(BABA) | 26,059 | 114,105 | +88,046 | 2,933,461 | 20,393,987 | 0.29% | +17,460,526 |
| BAIDU INC | 0 | 130,505 | +130,505 | 0 | 17,196,644 | 0.25% | +17,196,644 |
| BLACKSTONE INC(BX)(Call) | 0 | 100,000 | +100,000 | 0 | 17,085,000 | — | +17,085,000 |
| BROADCOM INC(AVGO) | 0 | 51,013 | +51,013 | 0 | 16,829,699 | 0.24% | +16,829,699 |
| KKR & CO INC(KKR)(Call) | 0 | 125,000 | +125,000 | 0 | 16,243,750 | — | +16,243,750 |
| ISHARES TR | 0 | 41,937 | +41,937 | 0 | 15,814,233 | 0.23% | +15,814,233 |
| FIRST SOLAR INC(FSLR)(Call) | 0 | 70,100 | +70,100 | 0 | 15,459,153 | — | +15,459,153 |
| INVESCO QQQ TR | 0 | 24,875 | +24,875 | 0 | 14,934,204 | 0.21% | +14,934,204 |
| BARRICK MNG CORP(B) | 0 | 444,016 | +444,016 | 0 | 14,794,438 | 0.21% | +14,794,438 |
| COREWEAVE INC(CRWV) | 0 | 107,137 | +107,137 | 0 | 14,661,698 | 0.21% | +14,661,698 |
| QUALCOMM INC(QCOM)(Call) | 10,000 | 92,600 | +82,600 | 1,583,200 | 15,404,936 | — | +13,821,736 |
| QUALCOMM INC(QCOM)(Put) | 10,000 | 92,600 | +82,600 | 1,583,200 | 15,404,936 | — | +13,821,736 |
| ENERGY FUELS INC(UUUU) | 0 | 836,768 | +836,768 | 0 | 13,321,347 | 0.19% | +13,321,347 |
| KELLANOVA | 50,861 | 198,962 | +148,101 | 4,044,975 | 16,318,863 | 0.23% | +12,273,888 |
| REDDIT INC(RDDT) | 0 | 51,073 | +51,073 | 0 | 11,746,279 | 0.17% | +11,746,279 |
| IONQ INC(IONQ) | 0 | 187,269 | +187,269 | 0 | 11,517,044 | 0.17% | +11,517,044 |
| CITIGROUP INC(C) | 225,675 | 302,030 | +76,355 | 19,209,456 | 30,656,046 | 0.44% | +11,446,590 |
| EXXON MOBIL CORP(Call) | 0 | 92,000 | +92,000 | 0 | 10,373,000 | — | +10,373,000 |
| EXXON MOBIL CORP(Put) | 0 | 92,000 | +92,000 | 0 | 10,373,000 | — | +10,373,000 |
| ADVANCED MICRO DEVICES INC(AMD) | 12,690 | 71,490 | +58,800 | 1,800,711 | 11,566,367 | 0.17% | +9,765,656 |
| NIOCORP DEVS LTD | 0 | 1,450,542 | +1,450,542 | 0 | 9,689,621 | 0.14% | +9,689,621 |
| ISHARES ETHEREUM TR(ETHA) | 43,675 | 327,395 | +283,720 | 806,022 | 10,316,216 | 0.15% | +9,510,194 |
| VISTRA CORP(VST) | 6,177 | 50,146 | +43,969 | 1,197,164 | 9,824,604 | 0.14% | +8,627,440 |
| COUPANG INC(CPNG) | 47,187 | 306,770 | +259,583 | 1,413,723 | 9,877,994 | 0.14% | +8,464,271 |
| ISHARES TR | 0 | 200,249 | +200,249 | 0 | 8,126,104 | 0.12% | +8,126,104 |
| QORVO INC(QRVO) | 21,937 | 108,001 | +86,064 | 1,862,671 | 9,836,731 | 0.14% | +7,974,060 |
| MERCADOLIBRE INC(MELI) | 400 | 3,791 | +3,391 | 1,033,432 | 8,943,879 | 0.13% | +7,910,447 |
| ECHOSTAR CORP(ECHO) | 13,328 | 105,750 | +92,422 | 369,186 | 8,075,070 | 0.12% | +7,705,884 |
| ARK ETF TR(Call) | 0 | 89,200 | +89,200 | 0 | 7,697,960 | — | +7,697,960 |
| SPDR SERIES TRUST(Call) | 0 | 120,000 | +120,000 | 0 | 7,596,000 | — | +7,596,000 |
| SPDR SERIES TRUST | 0 | 127,284 | +127,284 | 0 | 7,563,215 | 0.11% | +7,563,215 |
| CLOUDFLARE INC(NET) | 0 | 35,238 | +35,238 | 0 | 7,561,722 | 0.11% | +7,561,722 |
| SPDR SERIES TRUST | 0 | 118,361 | +118,361 | 0 | 7,492,251 | 0.11% | +7,492,251 |
| CAMECO CORP(CCJ)(Call) | 0 | 88,500 | +88,500 | 0 | 7,357,005 | — | +7,357,005 |
| TERADYNE INC(TER)(Call) | 0 | 51,900 | +51,900 | 0 | 7,143,516 | — | +7,143,516 |
| BITFARMS LTD(Call) | 0 | 2,500,000 | +2,500,000 | 0 | 7,050,000 | — | +7,050,000 |
| ANALOG DEVICES INC(ADI) | 6,060 | 33,409 | +27,349 | 1,442,401 | 8,208,591 | 0.12% | +6,766,190 |
| AMAZON COM INC(AMZN)(Put) | 0 | 30,000 | +30,000 | 0 | 6,587,100 | — | +6,587,100 |
| KEYCORP(KEY) | 253,504 | 584,471 | +330,967 | 4,416,040 | 10,923,763 | 0.16% | +6,507,723 |
| FIFTH THIRD BANCORP(FITB)(Call) | 0 | 144,300 | +144,300 | 0 | 6,428,565 | — | +6,428,565 |
| DELTA AIR LINES INC DEL(DAL) | 5,604 | 116,919 | +111,315 | 275,605 | 6,635,153 | 0.10% | +6,359,548 |
| TEVA PHARMACEUTICAL INDS LTD(TEVA) | 0 | 309,300 | +309,300 | 0 | 6,247,860 | 0.09% | +6,247,860 |
| SOUTHERN CO(SO) | 25,010 | 87,982 | +62,972 | 2,296,668 | 8,338,054 | 0.12% | +6,041,386 |