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Brevan Howard Capital Management LP

Period ended Jun 30, 2026 · Latest filing Aug 14, 2026

These quarterly holdings are delayed and may not include all assets or short positions. Values are from the reporting date, not current prices or purchase costs. The same security may appear in multiple rows.

Source: SEC

Reported portfolio value

Quarter-end reported holdings; not current value or investment performance.

View reported values
  • Jun 30, 2026: $13,506,242,488

More quarters will appear as history becomes available.

Top holdings

Top 10 at Jun 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.

View top holdings values
  1. ISHARES TR · CORE S&P500 ETF · 464287200 · shares: $898,212,557
  2. INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · CALL: $491,326,080
  3. ISHARES TR · 20 YR TR BD ETF · 464287432 · shares · PUT: $461,050,700
  4. ISHARES TR · IBOXX HI YD ETF · 464288513 · shares · PUT: $399,850,000
  5. ISHARES TR · 20 YR TR BD ETF · 464287432 · shares · CALL: $331,420,700
  6. ISHARES TR · IBOXX INV CP ETF · 464287242 · shares · PUT: $305,941,350
  7. TESLA INC · COM · 88160R101 · shares · PUT: $263,632,080
  8. SPDR SERIES TRUST · ST STR SP REGBNK · 78464A698 · shares · PUT: $263,150,145
  9. TESLA INC · COM · 88160R101 · shares · CALL: $253,790,040
  10. ISHARES BITCOIN TRUST ETF · SHS BEN INT · 46438F101 · shares · CALL: $240,686,700

Reported holdings

2,241 reported entries
IssuerClassCUSIPTypeShares / principalReported value (USD)
ISHARES TRCORE S&P500 ETF464287200 — 1,202,676 shares $898,212,557
ISHARES TR20 YR TR BD ETF464287432 PUT 5,335,000 shares $461,050,700
ISHARES TRIBOXX HI YD ETF464288513 PUT 5,000,000 shares $399,850,000
ISHARES TR20 YR TR BD ETF464287432 CALL 3,835,000 shares $331,420,700
INVESCO QQQ TRUNIT SER 146090E103 CALL 392,200 shares $288,816,080
TESLA INCCOM88160R101 PUT 626,800 shares $263,632,080
SPDR SERIES TRUSTST STR SP REGBNK78464A698 PUT 3,500,000 shares $261,975,000
TESLA INCCOM88160R101 CALL 603,400 shares $253,790,040
ISHARES TRIBOXX INV CP ETF464287242 PUT 2,305,000 shares $251,406,350
ISHARES BITCOIN TRUST ETFSHS BEN INT46438F101 CALL 7,230,000 shares $240,686,700
ISHARES TRIBOXX INV CP ETF464287242 CALL 2,200,000 shares $239,954,000
ISHARES BITCOIN TRUST ETFSHS BEN INT46438F101 — 7,205,004 shares $239,854,583
INVESCO QQQ TRUNIT SER 146090E103 CALL 275,000 shares $202,510,000
AMAZON COM INCCOM023135106 CALL 750,000 shares $178,755,000
ISHARES BITCOIN TRUST ETFSHS BEN INT46438F101 PUT 5,273,700 shares $175,561,473
NVIDIA CORPORATIONCOM67066G104 CALL 857,300 shares $171,537,157
NVIDIA CORPORATIONCOM67066G104 PUT 805,700 shares $161,212,513
SPDR SERIES TRUSTST STR SP REGBNK78464A698 — 1,978,054 shares $148,057,342
APPLE INCCOM037833100 — 472,338 shares $136,675,724
ADVANCED MICRO DEVICES INCCOM007903107 — 192,000 shares $111,534,720
ALPHABET INCCAP STK CL A02079K305 CALL 300,000 shares $107,211,000
PDD HOLDINGS INCSPONSORED ADS722304102 CALL 84,600 shares $103,252,608
KRANESHARES TRUSTCSI CHI INTERNET500767306 CALL 4,170,000 shares $102,039,900
MICROSOFT CORPCOM594918104 — 269,282 shares $100,447,572
AMAZON COM INCCOM023135106 — 335,204 shares $79,892,521
INVESCO QQQ TRUNIT SER 146090E103 PUT 100,000 shares $73,640,000
BOEING COCOM097023105 PUT 326,800 shares $70,742,396
JD.COM INCSPON ADS CL A47215P106 CALL 2,735,600 shares $69,429,528
MICROSOFT CORPCOM594918104 CALL 179,000 shares $66,770,580
CHEVRON CORPORATIONCOM166764100 — 400,153 shares $66,329,361
ISHARES INCMSCI STH KOR ETF464286772 CALL 310,000 shares $62,589,000
NVIDIA CORPORATIONCOM67066G104 — 300,131 shares $60,053,212
NVIDIA CORPORATIONCOM67066G104 — 291,917 shares $58,409,673
CROWDSTRIKE HLDGS INCCL A22788C105 CALL 75,400 shares $57,540,756
CROWDSTRIKE HLDGS INCCL A22788C105 PUT 75,400 shares $57,540,756
SELECT SECTOR SPDR TRST STR DISCR ETF81369Y407 — 482,681 shares $56,608,828
MICROSOFT CORPCOM594918104 CALL 150,000 shares $55,953,000
ISHARES TRIBOXX INV CP ETF464287242 PUT 500,000 shares $54,535,000
BOEING COCOM097023105 CALL 251,500 shares $54,442,205
ELI LILLY & COCOM532457108 — 41,294 shares $49,529,262
PALANTIR TECHNOLOGIES INCCL A69608A108 CALL 406,300 shares $47,403,021
ALPHABET INCCAP STK CL A02079K305 PUT 130,000 shares $46,458,100
SANDISK CORPCOM80004C200 — 20,228 shares $45,993,010
PALANTIR TECHNOLOGIES INCCL A69608A108 PUT 387,300 shares $45,186,291
BLOOM ENERGY CORPCOM CL A093712107 — 151,989 shares $44,149,765
ELI LILLY & COCOM532457108 — 35,800 shares $42,939,594
META PLATFORMS INCCL A30303M102 PUT 74,500 shares $41,965,105
META PLATFORMS INCCL A30303M102 CALL 72,100 shares $40,613,209
NVIDIA CORPORATIONCOM67066G104 CALL 200,000 shares $40,018,000
ALIBABA GROUP HLDG LTDSPONSORED ADS01609W102 CALL 417,100 shares $39,866,418
APPLE INCCOM037833100 CALL 135,000 shares $39,063,600
AGNC INVT CORPCOM00123Q104 PUT 3,500,000 shares $38,150,000
TESLA INCCOM88160R101 — 89,494 shares $37,641,176
SCHWAB CHARLES CORPCOM808513105 PUT 401,800 shares $37,279,004
UBER TECHNOLOGIES INCCOM90353T100 PUT 502,000 shares $36,224,320
AMAZON COM INCCOM023135106 CALL 150,000 shares $35,751,000
ALPHABET INCCAP STK CL A02079K305 CALL 100,000 shares $35,737,000
ALPHABET INCCAP STK CL C02079K107 CALL 100,000 shares $35,333,000
NIOCORP DEVS LTDCOM NEW654484609 — 7,075,000 shares $34,101,500
SELECT SECTOR SPDR TRST STR UTIL ETF81369Y886 CALL 750,000 shares $34,005,000
SELECT SECTOR SPDR TRST STR UTIL ETF81369Y886 PUT 750,000 shares $34,005,000
UBER TECHNOLOGIES INCCOM90353T100 CALL 470,100 shares $33,922,416
CLOUDFLARE INCNOTE8/118915MAC1 — 25,000,000 principal $32,170,000
ISHARES TRISHARES SEMICDTR464287523 CALL 50,000 shares $32,038,000
ALIBABA GROUP HLDG LTDNOTE 0.500% 6/001609WBG6 — 26,600,000 principal $31,325,734
WALMART INCCOM931142103 — 269,063 shares $30,474,075
APPLE INCCOM037833100 PUT 105,000 shares $30,382,800
ALIBABA GROUP HLDG LTDSPONSORED ADS01609W102 PUT 312,000 shares $29,820,960
SCHWAB CHARLES CORPCOM808513105 CALL 320,100 shares $29,698,878
ABBVIE INCCOM00287Y109 — 115,264 shares $29,005,033
MICRON TECHNOLOGY INCCOM595112103 — 25,000 shares $28,857,250
MICROSOFT CORPCOM594918104 — 76,910 shares $28,688,968
BANK OF AMER CORPCOM060505104 PUT 500,000 shares $28,490,000
ISHARES TR20 YR TR BD ETF464287432 — 323,830 shares $27,985,389
MICRON TECHNOLOGY INCCOM595112103 CALL 24,200 shares $27,933,818
BERKSHIRE HATHAWAY INC DELCL B NEW084670702 — 53,556 shares $26,798,887
GENERAL MTRS COCOM37045V100 PUT 346,400 shares $26,700,512
EXXON MOBIL CORPCOM30231G102 — 194,607 shares $26,606,669
BANK OF AMER CORPCOM060505104 — 463,648 shares $26,418,663
GOLDMAN SACHS GROUP INCCOM38141G104 — 25,798 shares $26,170,394
SELECT SECTOR SPDR TRST STR MATER ETF81369Y100 CALL 500,000 shares $25,415,000
SELECT SECTOR SPDR TRST STR MATER ETF81369Y100 PUT 500,000 shares $25,415,000
GOLDMAN SACHS GROUP INCCOM38141G104 PUT 25,000 shares $25,360,875
ELECTRONIC ARTS INCCOM285512109 — 122,639 shares $25,145,901
CYBERARK SOFTWARE LTDNOTE6/123248VAD7 — 15,000,000 principal $24,720,313
CENTERPOINT ENERGY INCNOTE 4.250% 8/115189TBD8 — 20,000,000 principal $24,332,985
MICROSOFT CORPCOM594918104 — 64,000 shares $23,873,280
CISCO SYS INCCOM17275R102 CALL 200,000 shares $23,492,000
T-MOBILE US INCCOM872590104 — 138,000 shares $23,146,740
NETFLIX INC.COM64110L106 CALL 324,100 shares $23,140,740
NETFLIX INC.COM64110L106 PUT 324,100 shares $23,140,740
CARDINAL HEALTH INCCOM14149Y108 — 96,000 shares $22,805,760
CME GROUP INCCOM12572Q105 — 102,553 shares $22,646,779
STERLING INFRASTRUCTURE INCCOM859241101 — 26,924 shares $22,598,929
APPLE INCCOM037833100 — 78,000 shares $22,570,080
GLOBAL PMTS INCNOTE 1.500% 3/037940XAU6 — 25,000,000 principal $22,349,250
GENERAL MTRS COCOM37045V100 CALL 286,400 shares $22,075,712
COSTCO WHOLESALE CORPORATIONCOM22160K105 — 23,280 shares $21,777,742
FLAGSTAR BANK NATIONAL ASSOCCOM NEW649445400 — 1,450,000 shares $21,663,000
BROADCOM INCCOM11135F101 — 57,290 shares $21,641,298