1y return+11.6%S&P 500 +20.9%
3y return+38.5%S&P 500 +68.5%
5y return+27.9%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $135 against $200 in the S&P 500.2
Brevan Howard Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IVVIshares Tr | $898.2M | 13.3% | New |
| IBITIshares Bitcoin Trust Etf | $239.9M | 3.5% | −70.4% |
| AAPLApple Inc | $168.7M | 2.5% | +284.7% |
| MSFTMicrosoft Corp | $156.1M | 2.3% | −74.0% |
| KRESpdr Series Trust | $148.1M | 2.2% | +12702.1% |
| NVDANvidia Corporation | $131.6M | 1.9% | −77.8% |
| AMDAdvanced Micro Devices Inc | $126.4M | 1.9% | +2194.4% |
| LLYEli Lilly & Co | $92.5M | 1.4% | +350.3% |
| AMZNAmazon Com Inc | $83.0M | 1.2% | +373.1% |
| CVXChevron Corporation | $67.1M | 1.0% | +316.3% |
| SNDKSandisk Corp | $57.8M | 0.9% | −80.7% |
| BEBloom Energy Corp | $57.1M | 0.8% | +921.0% |
| XLYSelect Sector Spdr Tr | $56.6M | 0.8% | +109.0% |
| MUMicron Technology Inc | $46.8M | 0.7% | −81.8% |
| TSLATesla Inc | $45.9M | 0.7% | −90.3% |
| GSGoldman Sachs Group Inc | $36.8M | 0.5% | +844.8% |
| NBNiocorp Devs Ltd | $34.1M | 0.5% | +9.1% |
| TMUST-mobile Us Inc | $32.3M | 0.5% | +119.9% |
| WMTWalmart Inc | $30.5M | 0.5% | +86.2% |
| ABBVAbbvie Inc | $29.0M | 0.4% | +56.6% |
| TLTIshares Tr | $28.0M | 0.4% | −88.2% |
| CCitigroup Inc | $27.7M | 0.4% | +39.7% |
| BRK/BBerkshire Hathaway Inc Del | $26.8M | 0.4% | +205.9% |
| HOODRobinhood Mkts Inc | $26.6M | 0.4% | +32.2% |
| Exxon Mobil CorpCUSIP 30231G102 | $26.6M | 0.4% | +62.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MKSIMks Inc. | June 30, 2025 | +347.7% | $25.9M |
| AMDAdvanced Micro Devices Inc | June 30, 2025 | +309.4% | $126.4M |
| ATIAti Inc | June 30, 2024 | +255.5% | $23.2M |
| CCitigroup Inc | September 30, 2023 | +240.3% | $27.7M |
| Credo Technology Group HoldiCUSIP G25457105 | March 31, 2026 | +189.7% | $23.4M |
| GOOGLAlphabet Inc | December 31, 2023 | +155.8% | $22.6M |
| BEBloom Energy Corp | March 31, 2026 | +123.4% | $57.1M |
| STRLSterling Infrastructure Inc | March 31, 2026 | +106.1% | $26.4M |
| METAMeta Platforms Inc | June 30, 2023 | +96.3% | $24.6M |
| WWDWoodward Inc | June 30, 2025 | +73.6% | $22.4M |
Sold off last quarter
- PDDPdd Holdings Inc was $295.1M
- FXIIshares Tr was $216.5M
- LQDIshares Tr was $215.3M
- GLDSpdr Gold Tr was $184.0M
- EWZIshares Inc was $117.9M
- GDXVaneck Etf Trust was $45.6M
- EWYIshares Inc was $36.0M
- KWEBKraneshares Trust was $31.8M
- EEMIshares Tr was $31.6M
- Technipfmc PLCCUSIP G87110105 was $28.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.3% | +14.8% |
| March 31, 2026 | +4.6% | −4.6% |
| December 31, 2025 | −6.4% | +2.4% |
| September 30, 2025 | +7.3% | +7.8% |
| June 30, 2025 | +15.2% | +10.5% |
| March 31, 2025 | −8.0% | −4.6% |
| December 31, 2024 | +2.6% | +2.1% |
| September 30, 2024 | +6.6% | +5.4% |
| June 30, 2024 | −3.0% | +4.0% |
| March 31, 2024 | +7.6% | +10.0% |
| December 31, 2023 | +9.7% | +11.2% |
| September 30, 2023 | −6.6% | −3.6% |
| June 30, 2023 | +0.3% | +8.3% |
| March 31, 2023 | +3.7% | +7.0% |
| December 31, 2022 | +15.5% | +7.1% |
| September 30, 2022 | −9.6% | −5.3% |
| June 30, 2022 | −13.3% | −16.5% |
| March 31, 2022 | +9.6% | −4.9% |
| December 31, 2021 | +4.2% | +10.7% |
| September 30, 2021 | −14.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Brevan Howard Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1512857&type=13F-HR&dateb=&owner=include&count=40CIK 1512857
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1512857/000090514826003711/Filed August 14, 2026 · accession 0000905148-26-003711