Brevan Howard Capital Management LP
Annual return '25
+16.9%
SPY '25
+17.7%
Alpha
-0.8ptsvs SPY
Invested
$17.1B
Holdings
2,125
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$IBIT
ISHARES BITCOIN TRUST ETF
Q3 2025: Increased +12094.5% (1.20M → 146.33M shares)
8.3%
02
$NDQ
INVESCO QQQ TR
Q3 2025: Sold 88.9% (675.0k → 74.6k shares)
7.6%
03
$HYG
ISHARES TR
Q3 2025: Sold 71.9% (30.60M → 8.61M shares)
6.3%
04
$TLT
ISHARES TR
Q3 2025: Sold 50.0% (2.00M → 1.00M shares)
4.6%
05
$LQD
ISHARES TR
Q3 2025: Increased +650.0% (1.00M → 7.50M shares)
4.6%
06
$NVDA
NVIDIA CORPORATION
Q3 2025: Increased +15.9% (555.0k → 643.5k shares)
4.5%
07
$TSLA
TESLA INC
Q3 2025: Increased +966.9% (37.8k → 403.3k shares)
3.7%
08
$PDD
PDD HOLDINGS INC
Q3 2025: Increased +3866.7% (21.0k → 833.0k shares)
2.6%
09
$FXI
ISHARES TR
Q3 2025: Increased +100.0% (2.00M → 4.00M shares)
1.9%
10
$GQ9
SPDR GOLD TR
Q3 2025: Increased +396.0% (37.5k → 186.0k shares)
1.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:08 UTC.