Q2 2026 13F · SEC CIK 1512857

Brevan Howard Capital Management LP

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $6.8B
Reported positions: 1,889
Top holdings a year, 3 yrs: +7.0%
Average holding period: 2 qtrs

Brevan Howard Capital Management LP is a hedge fund that reported 1,889 positions worth $6.8B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Ishares Tr (IVV, 13.3%), Ishares Bitcoin Trust ETF (IBIT, 3.5%), Apple Inc (AAPL, 2.5%). A portfolio copying its top holdings returned 7.0% a year over the last 3 years, against 20.4% for the S&P 500.

Brevan Howard Capital Management LP holdings largest 50 of 1,889 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Brevan Howard Capital Management LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IVVIshares Tr	13.3%	—	1,202,676	—	$898.2M
IBITIshares Bitcoin Trust ETF	3.5%	9.6%	7,205,004	-70.4%	$239.9M
AAPLApple Inc	2.5%	0.4%	583,127	+284.7%	$168.7M
MSFTMicrosoft Corp	2.3%	0.6%	418,592	-74.0%	$156.1M
KRESpdr Series Trust	2.2%	—	1,978,054	—	$148.1M
NVDANvidia Corporation	1.9%	5.2%	657,548	-77.8%	$131.6M
AMDAdvanced Micro Devices Inc	1.9%	—	217,647	—	$126.4M
LLYEli Lilly & Co	1.4%	—	77,094	—	$92.5M
AMZNAmazon Com Inc	1.2%	—	348,404	—	$83.0M
CVXChevron Corporation	1.0%	0.2%	404,553	+316.3%	$67.1M
SNDKSandisk Corp	0.9%	0.9%	25,408	-80.7%	$57.8M
BEBloom Energy Corp	0.8%	—	196,567	—	$57.1M
XLYSelect Sector Spdr Tr	0.8%	0.3%	482,681	+109.0%	$56.6M
MUMicron Technology Inc	0.7%	0.8%	40,561	-81.8%	$46.8M
TSLATesla Inc	0.7%	4.3%	109,058	-90.3%	$45.9M
GSGoldman Sachs Group Inc	0.5%	—	36,298	—	$36.8M
NBNiocorp Devs Ltd	0.5%	0.3%	7,075,000	+9.1%	$34.1M
TMUST-Mobile US Inc	0.5%	—	192,627	—	$32.3M
WMTWalmart Inc	0.5%	—	269,063	—	$30.5M
ABBVAbbvie Inc	0.4%	—	115,264	—	$29.0M
TLTIshares Tr	0.4%	2.5%	323,830	-88.2%	$28.0M
CCitigroup Inc	0.4%	—	196,119	—	$27.7M
BRK-BBerkshire Hathaway Inc Del	0.4%	—	53,556	—	$26.8M
HOODRobinhood Mkts Inc	0.4%	—	265,119	—	$26.6M
XOMExxon Mobil Corp	0.4%	0.2%	194,607	+62.9%	$26.6M
STRLSterling Infrastructure Inc	0.4%	—	31,476	—	$26.4M
BACBank of Amer Corp	0.4%	—	463,648	—	$26.4M
MKSIMks Inc.	0.4%	—	58,288	—	$25.9M
CRSCarpenter Technology Corp	0.4%	—	41,535	—	$25.6M
EAElectronic Arts Inc	0.4%	0.3%	122,639	-4.6%	$25.1M
METAMeta Platforms Inc	0.4%	1.2%	43,649	-79.1%	$24.6M
CAHCardinal Health Inc	0.4%	—	101,388	—	$24.1M
CMECme Group Inc	0.3%	0.3%	107,048	+4.2%	$23.6M
MTSIMacom Tech Solutions Hldgs I	0.3%	—	61,932	—	$23.6M
CRDOCredo Technology Group Holdi	0.3%	—	85,961	—	$23.4M
FLGFlagstar Bank National Assoc	0.3%	—	1,559,228	—	$23.3M
ATIAti Inc	0.3%	—	117,553	—	$23.2M
GOOGLAlphabet Inc	0.3%	0.2%	63,194	-22.0%	$22.6M
WWDWoodward, Inc.	0.3%	—	52,661	—	$22.4M
COSTCostco Wholesale Corporation	0.3%	0.2%	23,800	+1.3%	$22.3M
AVGOBroadcom Inc	0.3%	—	57,290	—	$21.6M
NVTNvent Elec PLC	0.3%	—	126,407	—	$21.4M
CVBFCvb Finl Corp	0.3%	—	950,000	—	$21.4M
HYGIshares Tr	0.3%	5.3%	250,000	-96.1%	$20.0M
ROIVRoivant Sciences Ltd	0.3%	—	517,621	—	$18.3M
RKTRocket Cos Inc	0.3%	—	1,132,512	—	$17.8M
BLDTopbuild Cor	0.3%	—	50,139	—	$17.8M
DRAMRoundhill ETF Trust	0.3%	—	237,290	—	$17.5M
BABAAlibaba Group Hldg Ltd	0.3%	—	178,745	—	$17.1M
NSCNorfolk Southn Corporation	0.2%	—	53,634	—	$16.9M

What Brevan Howard Capital Management LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CVX Chevron Corporation+316.3% shares
AAPL Apple Inc+284.7% shares
XLY Select Sector Spdr Tr+109.0% shares
XOM Exxon Mobil Corp+62.9% shares
NB Niocorp Devs Ltd+9.1% shares

Reduced

HYG Ishares Tr-96.1% shares
TSLA Tesla Inc-90.3% shares
TLT Ishares Tr-88.2% shares
MU Micron Technology Inc-81.8% shares
SNDK Sandisk Corp-80.7% shares
META Meta Platforms Inc-79.1% shares
NVDA Nvidia Corporation-77.8% shares
MSFT Microsoft Corp-74.0% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: -16.6% /yr; S&P 500 +20.1%
3 years: +7.0% /yr; S&P 500 +20.4%
5 years: -1.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$6.8B	1,889
Q1 2026	$9.7B	1,997
Q4 2025	$4.8B	1,605
Q3 2025	$6.9B	1,794
Q2 2025	$9.0B	1,719
Q1 2025	$3.5B	1,069
Q4 2024	$4.0B	956
Q3 2024	$2.0B	1,039
Q2 2024	$1.5B	966
Q1 2024	$1.1B	910
Q4 2023	$935.1M	953
Q3 2023	$281.8M	320

Questions about Brevan Howard Capital Management LP's portfolio

What stocks does Brevan Howard Capital Management LP own?

Brevan Howard Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 1,889 positions worth $6.8B. The largest are Ishares Tr (IVV) at 13.3%, Ishares Bitcoin Trust ETF (IBIT) at 3.5%, Apple Inc (AAPL) at 2.5%, Microsoft Corp (MSFT) at 2.3% and Spdr Series Trust (KRE) at 2.2%.

What did Brevan Howard Capital Management LP buy last quarter?

In Q2 2026, Brevan Howard Capital Management LP added Chevron Corporation (CVX) (+316.3% shares), Apple Inc (AAPL) (+284.7% shares) and Select Sector Spdr Tr (XLY) (+109.0% shares), compared with its Q1 2026 filing.

What did Brevan Howard Capital Management LP sell last quarter?

In Q2 2026, Brevan Howard Capital Management LP cut from its top 50 Invesco Qqq Tr (QQQ), cut from its top 50 Pdd Holdings Inc (PDD), cut from its top 50 Ishares Tr (FXI), cut from its top 50 Ishares Tr (LQD), cut from its top 50 Spdr Gold Tr (GLD), Ishares Tr (HYG) (-96.1% shares), Tesla Inc (TSLA) (-90.3% shares) and Ishares Tr (TLT) (-88.2% shares), compared with its Q1 2026 filing.

How has Brevan Howard Capital Management LP's portfolio performed?

A portfolio copying Brevan Howard Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +7.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -16.6% against +20.1%. Over 5 years: -1.1% a year against +11.6%.

When is Brevan Howard Capital Management LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Brevan Howard Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.