Brevan Howard Capital Management LP

Q4 2025 13F-HR Holdings

Location
St. Helier, Y9
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
1,714
Total value ($000)
$9,160,269
Net value change ($000)
-13,242,495 (-59.1%)
New positions
411
Sold out positions
600
Turnover %
37.8%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FTKI 452,040 NEW
IVV 112,016 NEW
WMT 87,941 914.9%
AVGO 56,605 336.3%
B 50,509 341.4%
ORCL 47,350 2308.6%
GOOGL 44,199 41.5%
BABA 34,911 171.2%
LQD 34,710 NEW
COHR 29,606 671.2%
Top Reduces (Value $000, Stocks/ETFs)
IBIT -2,113,433 -88.5%
MSFT -190,506 -97.7%
META -141,157 -99.1%
INSM -42,346 -100.0%
FIX -38,065 -96.0%
ALAB -36,611 -100.0%
GLD -32,665 -98.8%
EEM -29,594 -100.0%
AEM -26,130 -100.0%
AAPL -23,873 -24.3%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 3,933,529 (42.9% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type