Filed: 11/14/2025ACC: 0000905148-25-004026
📋 What this filing means
BREVAN HOWARD CAPITAL MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 1817 equity positions with a total reported market value of $22.40B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1817
Positions
$22.40B
Total AUM (reported)
301.81M
Total Shares
Allocation by class
COM$5.33B23.8%
CAP STK CL C$3.88B17.3%
SHS BEN INT$2.73B12.2%
SPONSORED ADS$2.43B10.9%
CL A$1.65B7.4%
MSCI EMG MKT ETF$1.09B4.9%
IBOXX HI YD ETF$699.19M3.1%
Portfolio Concentration
Top 3$8.87B39.6%
4–10$6.10B27.3%
11–25$3.30B14.7%
Rest$4.13B18.4%
Top 3 weight
39.6%
Top 10 weight
66.8%
Voting Authority Distribution
Total shares with voting rights: 301.81M
Sole
Full voting authority
301.81M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other1817
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings1817
Rows:
ALPHABET INC
DFNDShares15.92M
TypeSH
Market value$3.88B
17.30%
Sole
15.92M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
DFNDShares41.95M
TypeSH
Market value$2.73B
12.17%
Sole
41.95M
Shared
0.00
None
0.00
PDD HOLDINGS INC
DFNDShares1.07M
TypeSH
Market value$2.27B
10.11%
Sole
1.07M
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares2.78M
TypeSH
Market value$1.44B
6.44%
Sole
2.78M
Shared
0.00
None
0.00
META PLATFORMS INC
DFNDShares1.93M
TypeSH
Market value$1.42B
6.34%
Sole
1.93M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares20.50M
TypeSH
Market value$1.09B
4.89%
Sole
20.50M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares8.61M
TypeSH
Market value$699.19M
3.12%
Sole
8.61M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares6M
TypeSH
Market value$668.82M
2.99%
Sole
6M
Shared
0.00
None
0.00
DBX ETF TR
DFNDShares12.21M
TypeSH
Market value$402.77M
1.80%
Sole
12.21M
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares2.02M
TypeSH
Market value$377.09M
1.68%
Sole
2.02M
Shared
0.00
None
0.00
INVESCO QQQ TR
DFNDShares610.38K
TypeSH
Market value$366.45M
1.64%
Sole
610.38K
Shared
0.00
None
0.00
COINBASE GLOBAL INC
DFNDShares1.09M
TypeSH
Market value$366.39M
1.64%
Sole
1.09M
Shared
0.00
None
0.00
BAIDU INC
DFNDShares2.70M
TypeSH
Market value$355.60M
1.59%
Sole
2.70M
Shared
0.00
None
0.00
AGNICO EAGLE MINES LTD
DFNDShares1.60M
TypeSH
Market value$268.61M
1.20%
Sole
1.60M
Shared
0.00
None
0.00
ALPHABET INC
DFNDShares990.62K
TypeSH
Market value$240.82M
1.07%
Sole
990.62K
Shared
0.00
None
0.00
NEWMONT CORP
DFNDShares2.52M
TypeSH
Market value$212.76M
0.95%
Sole
2.52M
Shared
0.00
None
0.00
SPDR GOLD TR
DFNDShares593K
TypeSH
Market value$210.79M
0.94%
Sole
593K
Shared
0.00
None
0.00
VANECK ETF TRUST
DFNDShares2.66M
TypeSH
Market value$203.20M
0.91%
Sole
2.66M
Shared
0.00
None
0.00
BARRICK MNG CORP
DFNDShares5.84M
TypeSH
Market value$192.12M
0.86%
Sole
5.84M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares2M
TypeSH
Market value$178.74M
0.80%
Sole
2M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares4M
TypeSH
Market value$164.56M
0.73%
Sole
4M
Shared
0.00
None
0.00
TESLA INC
DFNDShares319.69K
TypeSH
Market value$142.17M
0.63%
Sole
319.69K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
DFNDShares205.89K
TypeSH
Market value$137.16M
0.61%
Sole
205.89K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
DFNDShares764.11K
TypeSH
Market value$136.57M
0.61%
Sole
764.11K
Shared
0.00
None
0.00
APPLE INC
DFNDShares486.33K
TypeSH
Market value$123.84M
0.55%
Sole
486.33K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ALPHABET INCDFND | CAP STK CL C | 15.92M | SH | $3.88B 17.30% | 15.92M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFDFND | SHS BEN INT | 41.95M | SH | $2.73B 12.17% | 41.95M | 0.00 | 0.00 |
PDD HOLDINGS INCDFND | SPONSORED ADS | 1.07M | SH | $2.27B 10.11% | 1.07M | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 2.78M | SH | $1.44B 6.44% | 2.78M | 0.00 | 0.00 |
META PLATFORMS INCDFND | CL A | 1.93M | SH | $1.42B 6.34% | 1.93M | 0.00 | 0.00 |
ISHARES TRDFND | MSCI EMG MKT ETF | 20.50M | SH | $1.09B 4.89% | 20.50M | 0.00 | 0.00 |
ISHARES TRDFND | IBOXX HI YD ETF | 8.61M | SH | $699.19M 3.12% | 8.61M | 0.00 | 0.00 |
ISHARES TRDFND | IBOXX INV CP ETF | 6M | SH | $668.82M 2.99% | 6M | 0.00 | 0.00 |
DBX ETF TRDFND | XTRACK HRVST CSI | 12.21M | SH | $402.77M 1.80% | 12.21M | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 2.02M | SH | $377.09M 1.68% | 2.02M | 0.00 | 0.00 |
INVESCO QQQ TRDFND | UNIT SER 1 | 610.38K | SH | $366.45M 1.64% | 610.38K | 0.00 | 0.00 |
COINBASE GLOBAL INCDFND | COM CL A | 1.09M | SH | $366.39M 1.64% | 1.09M | 0.00 | 0.00 |
BAIDU INCDFND | SPON ADR REP A | 2.70M | SH | $355.60M 1.59% | 2.70M | 0.00 | 0.00 |
AGNICO EAGLE MINES LTDDFND | COM | 1.60M | SH | $268.61M 1.20% | 1.60M | 0.00 | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 990.62K | SH | $240.82M 1.07% | 990.62K | 0.00 | 0.00 |
NEWMONT CORPDFND | COM | 2.52M | SH | $212.76M 0.95% | 2.52M | 0.00 | 0.00 |
SPDR GOLD TRDFND | GOLD SHS | 593K | SH | $210.79M 0.94% | 593K | 0.00 | 0.00 |
VANECK ETF TRUSTDFND | GOLD MINERS ETF | 2.66M | SH | $203.20M 0.91% | 2.66M | 0.00 | 0.00 |
BARRICK MNG CORPDFND | COM SHS | 5.84M | SH | $192.12M 0.86% | 5.84M | 0.00 | 0.00 |
ISHARES TRDFND | 20 YR TR BD ETF | 2M | SH | $178.74M 0.80% | 2M | 0.00 | 0.00 |
ISHARES TRDFND | CHINA LG-CAP ETF | 4M | SH | $164.56M 0.73% | 4M | 0.00 | 0.00 |
TESLA INCDFND | COM | 319.69K | SH | $142.17M 0.63% | 319.69K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRDFND | TR UNIT | 205.89K | SH | $137.16M 0.61% | 205.89K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDDFND | SPONSORED ADS | 764.11K | SH | $136.57M 0.61% | 764.11K | 0.00 | 0.00 |
APPLE INCDFND | COM | 486.33K | SH | $123.84M 0.55% | 486.33K | 0.00 | 0.00 |
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