Brevan Howard Capital Management LP

CIK 1512857 · latest 13F filed 14 August 2026 · Read the filing on EDGAR

Brevan Howard Capital Management LP reported 1,889 US-listed holdings worth $6.76 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: iShares Core S&P 500 ETF (13.3%), iShares Bitcoin Trust ETF (3.5%) and Apple Inc. (2.5%). Against the quarter before, it opened 512 positions, added to 700, trimmed 668 and sold out of 620.

Reported holdings$6.76B-30.2% on Q1 2026

Positions1,889-108 on Q1 2026

The largest ten31.2%of its reported holdings

Latest 13FQ2 2026filed 14 August 2026

Where the money is

OpenedAdded toTrimmed

The 14 largest of its 1,889 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 512Added 700Held 9Trimmed 668Sold out 620

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 512

iShares Core S&P 500 ETF IVV$898.2 million
Macom Technology Solutions Holdings, Inc. MTSI$23.6 million
Roundhill ETF Trust DRAM$17.5 million
Popular Inc. BPOP$16.4 million
Astera Labs Inc. ALAB$16.0 million
Eaton Corp. plc ETN$15.8 million
Ecopetrol S A EC$11.9 million
Ofg Bancorp OFG$11.0 million

and 504 more in the table below

Added to 700

SPDR Ser Trust KRE+2.0 million shares · +12702%
Apple Inc. AAPL+431,560 shares · +285%
Advanced Micro Devices Inc. AMD+208,161 shares · +2194%
Eli Lilly & Co. LLY+59,975 shares · +350%
Amazon.com Inc. AMZN+274,764 shares · +373%
Bloom Energy Corp. BE+177,315 shares · +921%
Chevron Corp. CVX+307,368 shares · +316%
Goldman Sachs Group Inc. GS+32,456 shares · +845%

and 692 more in the table below

Trimmed 668

Invesco QQQ Trust QQQ-1.5 million shares · -100%
iShares Bitcoin Trust ETF IBIT-17.1 million shares · -70%
iShares Trust HYG-6.2 million shares · -96%
NVIDIA Corp. NVDA-2.3 million shares · -78%
Microsoft Corp. MSFT-1.2 million shares · -74%
Tesla, Inc. TSLA-1.0 million shares · -90%
Sandisk Corp. SNDK-106,151 shares · -81%
Micron Technology Inc. MU-181,955 shares · -82%

and 660 more in the table below

Sold out of 620

PDD Holdings Inc. PDD$295.1 million last quarter
iShares Trust FXI$216.5 million last quarter
iShares Trust LQD$215.3 million last quarter
SPDR Gold Trust GLD$184.0 million last quarter
iShares Inc. EWZ$117.9 million last quarter
Vaneck ETF Trust GDX$45.6 million last quarter
iShares Inc. EWY$36.0 million last quarter
KraneShares Trust KWEB$31.8 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
iShares Core S&P 500 ETF IVV	1,202,676	$898.2 million	13.28%	new
iShares Bitcoin Trust ETF IBIT	7,205,004	$239.9 million	3.55%	-17,099,784
Apple Inc. AAPL	583,127	$168.7 million	2.49%	+431,560
Microsoft Corp. MSFT	418,592	$156.1 million	2.31%	-1,192,818
SPDR Ser Trust KRE	1,978,054	$148.1 million	2.19%	+1,962,603
NVIDIA Corp. NVDA	657,548	$131.6 million	1.95%	-2,302,880
Advanced Micro Devices Inc. AMD	217,647	$126.4 million	1.87%	+208,161
Eli Lilly & Co. LLY	77,094	$92.5 million	1.37%	+59,975
Amazon.com Inc. AMZN	348,404	$83.0 million	1.23%	+274,764
Chevron Corp. CVX	404,553	$67.1 million	0.99%	+307,368
Sandisk Corp. SNDK	25,408	$57.8 million	0.85%	-106,151
Bloom Energy Corp. BE	196,567	$57.1 million	0.84%	+177,315
Select Sector SPDR Trust XLY	482,681	$56.6 million	0.84%	+251,737
Micron Technology Inc. MU	40,561	$46.8 million	0.69%	-181,955
Tesla, Inc. TSLA	109,058	$45.9 million	0.68%	-1,014,817
Goldman Sachs Group Inc. GS	36,298	$36.8 million	0.54%	+32,456
Niocorp Devs Ltd NB	7,075,000	$34.1 million	0.50%	+590,000
T-Mobile US, Inc. TMUS	192,627	$32.3 million	0.48%	+105,011
Walmart Inc. WMT	269,063	$30.5 million	0.45%	+124,568
AbbVie Inc. ABBV	115,264	$29.0 million	0.43%	+41,681
iShares Trust TLT	323,830	$28.0 million	0.41%	-2,426,170
Citigroup Inc. C	196,119	$27.7 million	0.41%	+55,749
Berkshire Hathaway Inc. Class B BRKB	53,556	$26.8 million	0.40%	+36,046
Robinhood Markets, Inc. HOOD	265,119	$26.6 million	0.39%	+64,611
ExxonMobil Holdings Corp. XOM	194,607	$26.6 million	0.39%	+75,157
Sterling Infrastructure, Inc. STRL	31,476	$26.4 million	0.39%	+30,524
Bank of America Corp. BAC	463,648	$26.4 million	0.39%	+284,724
MKS Inc. MKSI	58,288	$25.9 million	0.38%	+50,004
Carpenter Technology Corp. CRS	41,535	$25.6 million	0.38%	+31,987
Electronic Arts Inc EA	122,639	$25.1 million	0.37%	-5,901
Meta Platforms, Inc. META	43,649	$24.6 million	0.36%	-165,173
Cardinal Health Inc. CAH	101,388	$24.1 million	0.36%	+87,082
CME Group Inc. CME	107,048	$23.6 million	0.35%	+4,342
Macom Technology Solutions Holdings, Inc. MTSI	61,932	$23.6 million	0.35%	new
Credo Technology Group Holdi CRDO	85,961	$23.4 million	0.35%	+79,123
Flagstar Bank, National Association FLG	1,559,228	$23.3 million	0.34%	+1,544,802
ATI Inc. ATI	117,553	$23.2 million	0.34%	+54,843
Alphabet Inc. GOOGL	63,194	$22.6 million	0.33%	-17,790
Woodward, Inc. WWD	52,661	$22.4 million	0.33%	+21,950
Costco Wholesale Corp. COST	23,800	$22.3 million	0.33%	+317
Broadcom Inc. AVGO	57,290	$21.6 million	0.32%	+36,190
nVent Electric plc NVT	126,407	$21.4 million	0.32%	+110,261
CVB Financial Corp. CVBF	950,000	$21.4 million	0.32%	+54,614
iShares Trust HYG	250,000	$20.0 million	0.30%	-6,170,000
Roivant Sciences Ltd. ROIV	517,621	$18.3 million	0.27%	+401,019
Rocket Cos Inc. RKT	1,132,512	$17.8 million	0.26%	+480,478
Topbuild Corp. BLD	50,139	$17.8 million	0.26%	+45,926
Roundhill ETF Trust DRAM	237,290	$17.5 million	0.26%	new
Alibaba Group Holding Limited BABA	178,745	$17.1 million	0.25%	+162,867
Norfolk Southern Corp. NSC	53,634	$16.9 million	0.25%	-4,918
Salesforce, Inc. CRM	106,039	$16.6 million	0.25%	+101,060
Netflix Inc. NFLX	231,722	$16.5 million	0.24%	-579,820
Popular Inc. BPOP	100,000	$16.4 million	0.24%	new
Astera Labs Inc. ALAB	33,091	$16.0 million	0.24%	new
Johnson & Johnson JNJ	62,412	$15.9 million	0.23%	+43,981
ConocoPhillips COP	152,190	$15.8 million	0.23%	-153,812
Eaton Corp. plc ETN	37,610	$15.8 million	0.23%	new
Gilead Sciences, Inc. GILD	123,329	$15.6 million	0.23%	+84,102
Amkor Technology, Inc. AMKR	174,482	$14.7 million	0.22%	+151,873
Charles Schwab Corp. SCHW	156,731	$14.5 million	0.21%	-624,924
Hilton Worldwide Holdings Inc. HLT	43,994	$14.5 million	0.21%	+22,621
Kenvue Inc. KVUE	744,809	$14.2 million	0.21%	-96,439
Wells Fargo & Company WFC	155,867	$13.0 million	0.19%	+107,422
Moderna, Inc. MRNA	181,105	$12.7 million	0.19%	+91,511
Wintrust Financial Corp. WTFC	78,625	$12.6 million	0.19%	+76,761
Axos Financial, Inc. AX	128,644	$12.5 million	0.19%	-6,485
Warner Bros. Discovery, Inc. WBD	460,731	$12.3 million	0.18%	+152,353
Alphabet Inc. GOOG	34,247	$12.1 million	0.18%	-17,347
EchoStar Corp. ECHO	117,896	$12.0 million	0.18%	+78,033
Palantir Technologies Inc. PLTR	102,164	$11.9 million	0.18%	-689,082
Ecopetrol S A EC	828,314	$11.9 million	0.18%	new
Ypf Sociedad Anonima YPF	258,000	$11.8 million	0.17%	+93,000
Bridgebio Pharma Inc. BBIO	155,727	$11.6 million	0.17%	+74,157
Quanta Services, Inc. PWR	16,079	$11.6 million	0.17%	+402
Bank of New York Mellon Corp. BNY	79,651	$11.5 million	0.17%	+27,907
Dell Technologies Inc. DELL	26,411	$11.4 million	0.17%	+20,587
Bread Financial Holdings, Inc. BFH	104,486	$11.3 million	0.17%	+101,084
Ofg Bancorp OFG	225,000	$11.0 million	0.16%	new
Ralph Lauren Corp. RL	26,624	$10.7 million	0.16%	+20,124
Space Exploration Techn Corp. Class A Com STK SPCX	62,400	$10.7 million	0.16%	new
Mastercard Inc. MA	20,541	$10.5 million	0.16%	+18,310
FedEx Corp. FDX	33,129	$10.4 million	0.15%	+12,612
Northeast BK Lewiston Me NBN	78,242	$10.4 million	0.15%	+3,042
Hut 8 Corp. HUT	88,470	$10.2 million	0.15%	+68,542
21VIANET Group Inc. VNET	1,284,531	$10.2 million	0.15%	+512,465
Cameco Corp. CCJ	99,799	$10.0 million	0.15%	-62,746
Coinbase Global, Inc. COIN	68,096	$10.0 million	0.15%	-185,589
iShares Inc. MSCI Chile ETF ECH	250,976	$9.9 million	0.15%	new
Columbia Banking System, Inc. COLB	308,212	$9.9 million	0.15%	-160,262
Ultra Clean Holdings, Inc. UCTT	68,707	$9.8 million	0.14%	+60,936
Vista Energy S.a.b. De C.V. VIST	149,885	$9.5 million	0.14%	+95,500
Carrier Global Corp. CARR	129,967	$9.5 million	0.14%	new
Natera Inc Com NTRA	35,098	$9.5 million	0.14%	+4,217
Beacon Financial Corp. BBT	312,492	$9.5 million	0.14%	+212,492
Sysco Corp. SYY	113,411	$9.5 million	0.14%	new
Bristol-Myers Squibb Co. BMY	163,962	$9.4 million	0.14%	-6,549
Mastec Inc. MTZ	22,609	$9.4 million	0.14%	-72,060
PayPal Holdings, Inc. PYPL	215,893	$9.3 million	0.14%	+164,115
Nextpower Inc. NXT	78,124	$9.3 million	0.14%	+74,832
TD Synnex Corp. SNX	34,509	$9.2 million	0.14%	new
O'Reilly Automotive, Inc. ORLY	99,004	$9.1 million	0.13%	+73,953
JPMorgan Chase & Co. JPM	27,599	$9.0 million	0.13%	-11,717
RBC Bearings Inc. RBC	13,995	$9.0 million	0.13%	+11,520
Sitime Corp. SITM	11,812	$8.8 million	0.13%	new
Vertex Pharmaceuticals Inc. VRTX	17,622	$8.8 million	0.13%	+14,470
GDS Hldgs Ltd GDS	295,573	$8.7 million	0.13%	new
Parker-Hannifin Corp. PH	8,886	$8.7 million	0.13%	-3,282
Coeur Mining, Inc. CDE	525,098	$8.6 million	0.13%	+371,500
Qualcomm Inc. QCOM	45,461	$8.4 million	0.12%	new
General Electric Co. GE	22,472	$8.4 million	0.12%	+6,380
Williams Companies, Inc. WMB	112,771	$8.4 million	0.12%	-35,310
SPDR Ser Trust XME	77,807	$8.3 million	0.12%	new
Taiwan Semiconductor Manufacturing Company Limited TSM	17,350	$8.3 million	0.12%	-48,183
Intel Corp. INTC	59,314	$8.3 million	0.12%	+50,855
Ferguson Enterprises Inc. FERG	34,759	$8.2 million	0.12%	+16,487
Intuitive Surgical Inc. ISRG	20,677	$8.2 million	0.12%	+18,034
Modine Manufacturing Co MOD	30,508	$8.1 million	0.12%	+27,504
Hartford Insurance Group, Inc. HIG	61,445	$8.1 million	0.12%	+41,794
Coastal Finl Corp. Wa CCB	105,002	$8.1 million	0.12%	-24,998
Perpetua Resources Corp. PPTA	390,840	$8.1 million	0.12%	-834,160
Monolithic Power Systems, Inc. MPWR	5,778	$8.0 million	0.12%	+5,437
Unum Group UNM	89,181	$8.0 million	0.12%	+62,046
Diamondback Energy, Inc. FANG	45,320	$8.0 million	0.12%	-54,872
UnitedHealth Group Inc. UNH	19,114	$7.9 million	0.12%	+66
Planet Labs PBC PL	239,364	$7.9 million	0.12%	+76,516
Axsome Therapeutics Inc. AXSM	31,928	$7.8 million	0.12%	new
Credicorp Ltd BAP	19,502	$7.7 million	0.11%	-14,300
Carnival Corp. Ltd. CCL	266,843	$7.6 million	0.11%	new
UiPath, Inc. PATH	699,880	$7.6 million	0.11%	+438,419
ETF Series Solutions JETS	226,932	$7.5 million	0.11%	new
McDonald's Corp. MCD	27,791	$7.5 million	0.11%	-64,949
TJX Companies Inc. TJX	49,317	$7.5 million	0.11%	-966
Centene Corp. CNC	116,336	$7.5 million	0.11%	+5,246
ServisFirst Bancshares, Inc. SFBS	86,044	$7.5 million	0.11%	-83,956
Ciena Corp. CIEN	15,174	$7.4 million	0.11%	+2,237
Synopsys Inc. SNPS	16,687	$7.4 million	0.11%	+10,729
Banc of California, Inc. BANC	363,400	$7.4 million	0.11%	+314,656
Expand Energy Corp. EXE	80,960	$7.4 million	0.11%	+23,977
General Motors Co. GM	95,763	$7.4 million	0.11%	-814,403
Definium Therapeutics Inc. DFTX	156,812	$7.4 million	0.11%	-54,676
Ensign Group, Inc. ENSG	45,462	$7.3 million	0.11%	new
Freeport-McMoRan Inc. FCX	115,157	$7.2 million	0.11%	-153,346
Select Sector SPDR Trust XLC	66,979	$7.2 million	0.11%	new
Caterpillar Inc. CAT	6,712	$7.1 million	0.11%	-1,921
Applied Materials Inc. AMAT	9,822	$7.1 million	0.10%	-22,899
Lam Research Corp. LRCX	16,077	$6.9 million	0.10%	-43,988
J.M. Smucker Co. SJM	61,247	$6.9 million	0.10%	-5,427
Procter & Gamble Co. PG	46,956	$6.9 million	0.10%	+38,593
American International Group, Inc. AIG	92,285	$6.9 million	0.10%	+44,411
Sherwin Williams Co. SHW	19,947	$6.9 million	0.10%	+6,177
Grupo Supervielle S A SUPV	697,057	$6.8 million	0.10%	+302,096
Amgen Inc. AMGN	18,788	$6.8 million	0.10%	+13,668
Syndax Pharmaceuticals Inc. SNDX	309,065	$6.8 million	0.10%	+104,220
Fidelity National Information Services, Inc. FIS	172,868	$6.7 million	0.10%	+65,677
National Bank Holdings Corp. NBHC	150,000	$6.7 million	0.10%	new
Apollo Coml Real Est Fin Inc. ARI	614,316	$6.6 million	0.10%	+309,344
Huntington Ingalls Industries, Inc. HII	23,152	$6.5 million	0.10%	+20,009
Adobe Inc. ADBE	31,594	$6.5 million	0.10%	+5,471
Capital One Financial Corp. COF	32,219	$6.5 million	0.10%	-26,220
Merck & Co., Inc. MRK	50,031	$6.4 million	0.10%	-4,998
Aramark ARMK	112,709	$6.4 million	0.09%	+106,220
Rollins Inc. ROL	152,924	$6.4 million	0.09%	+92,015
Walt Disney Co. DIS	65,837	$6.3 million	0.09%	-188,508
Stanley Black & Decker, Inc. SWK	66,723	$6.3 million	0.09%	-2,682
Vanguard Index FDS VXF	25,371	$6.2 million	0.09%	new
Pampa Energia S A PAM	75,913	$6.2 million	0.09%	+1,000
Copart Inc. CPRT	218,968	$6.2 million	0.09%	+49,451
Elevance Health, Inc. ELV	15,904	$6.2 million	0.09%	-824
Danaher Corp. DHR	31,646	$6.0 million	0.09%	+10,060
SPX Technologies, Inc. SPXC	24,524	$6.0 million	0.09%	new
Nutanix, Inc. NTNX	117,209	$6.0 million	0.09%	+15,288
Take-Two Interactive Software, Inc. TTWO	23,885	$6.0 million	0.09%	+11,421
Fortinet, Inc. FTNT	38,823	$6.0 million	0.09%	+12,618
Uber Technologies, Inc. UBER	82,240	$5.9 million	0.09%	-1,034,613
Corning Inc. GLW	23,195	$5.9 million	0.09%	-39,037
NRG Energy, Inc. NRG	40,489	$5.9 million	0.09%	+19,495
SEI Investments Co. SEIC	66,482	$5.8 million	0.09%	new
Dow Inc. DOW	212,548	$5.8 million	0.09%	+165,292
Cigna Group CI	21,050	$5.8 million	0.09%	new
Marketaxess Holdings Inc. MKTX	51,050	$5.8 million	0.09%	new
Crane Co. CR	25,691	$5.7 million	0.08%	+16,095
Amphenol Corp. APH	32,500	$5.7 million	0.08%	+85
Rambus Inc. RMBS	43,098	$5.7 million	0.08%	new
Borgwarner Inc. BWA	85,305	$5.7 million	0.08%	+10,091
Cummins Inc. CMI	7,931	$5.7 million	0.08%	+2,700
RTX Corp. RTX	29,710	$5.6 million	0.08%	-15,190
Thermo Fisher Scientific Inc. TMO	11,225	$5.6 million	0.08%	+10,489
Vistra Corp. VST	35,257	$5.6 million	0.08%	+11,281
IDEXX Laboratories Inc. IDXX	10,606	$5.6 million	0.08%	new
Idacorp Inc. IDA	36,794	$5.6 million	0.08%	+2,044
TTM Technologies Inc. TTMI	29,562	$5.5 million	0.08%	+18,057
Sonoco Products Co. SON	97,690	$5.5 million	0.08%	+33,187
Kroger Co. KR	98,432	$5.5 million	0.08%	+91,432
Universal Technical Institute Inc. UTI	127,263	$5.4 million	0.08%	+105,972
LPL Finl Hldgs Inc. LPLA	19,275	$5.4 million	0.08%	+13,013
Mgic Investment Corp. MTG	192,029	$5.4 million	0.08%	+145,424
Arista Networks, Inc. ANET	31,854	$5.4 million	0.08%	+15,305
Gitlab Inc. GTLB	175,190	$5.3 million	0.08%	+106,483
CVS Health Corp. CVS	51,694	$5.3 million	0.08%	-23,493
Darden Restaurants Inc. DRI	25,958	$5.3 million	0.08%	+20,970
Texas Instruments Inc. TXN	17,886	$5.3 million	0.08%	+1,846
Xpo, Inc. XPO	25,943	$5.3 million	0.08%	-59,660
Booz Allen Hamilton Holding Corp. BAH	87,736	$5.3 million	0.08%	+82,031
Freshworks Inc. FRSH	525,583	$5.3 million	0.08%	+205,727
News Corp. NWSA	213,508	$5.3 million	0.08%	new
ON Semiconductor Corp. ON	55,882	$5.3 million	0.08%	+25,315
Circle Internet Group Inc. CRCL	84,265	$5.3 million	0.08%	-35,849
Houlihan Lokey, Inc. HLI	39,300	$5.3 million	0.08%	+31,128
CSX Corp. CSX	110,567	$5.3 million	0.08%	new
Qxo Inc. QXO	303,958	$5.3 million	0.08%	+92,108
Halliburton Co. HAL	154,562	$5.2 million	0.08%	-14,862
Match Group, Inc. MTCH	137,002	$5.2 million	0.08%	+130,439
WisdomTree, Inc. WT	303,153	$5.2 million	0.08%	+69,202
GXO Logistics, Inc. GXO	101,980	$5.2 million	0.08%	+52,615
Incyte Corp. INCY	45,270	$5.1 million	0.08%	-1,178
Marsh & McLennan Companies, Inc. MRSH	30,386	$5.1 million	0.07%	+17,176
Kratos Defense & Security Solutions, Inc. KTOS	100,713	$5.0 million	0.07%	new
Teradyne, Inc. TER	10,348	$5.0 million	0.07%	-22,378
Boeing Co. BA	23,066	$5.0 million	0.07%	-487,953
State Street Corp. STT	29,300	$5.0 million	0.07%	-30,283
Antero Resources Corp. AR	140,552	$4.9 million	0.07%	+134,588
Primo Brands Corporation PRMB	201,004	$4.9 million	0.07%	new
First Hawaiian, Inc. FHB	165,976	$4.9 million	0.07%	new
Western Union Co. WU	630,617	$4.9 million	0.07%	+83,716
Moody's Corp. MCO	10,711	$4.9 million	0.07%	+6,106
Allstate Corp. ALL	20,366	$4.8 million	0.07%	+599
GoDaddy Inc. GDDY	56,918	$4.8 million	0.07%	+40,269
Hyatt Hotels Corp. H	24,908	$4.8 million	0.07%	-1,918
Crescent Energy Co. CRGY	490,256	$4.8 million	0.07%	+470,532
Genuine Parts Co. GPC	40,767	$4.8 million	0.07%	+34,996
Arrowhead Pharmaceuticals, Inc. ARWR	58,923	$4.8 million	0.07%	new
Terawulf Inc. WULF	193,809	$4.8 million	0.07%	-581,557
Aon plc AON	14,361	$4.8 million	0.07%	new
Tradeweb Mkts Inc. TW	47,635	$4.7 million	0.07%	+39,746
Mondelez International, Inc. MDLZ	81,909	$4.7 million	0.07%	new
Evergy, Inc. EVRG	54,794	$4.7 million	0.07%	+35,873
Pinnacle West Capital Corp. PNW	44,037	$4.7 million	0.07%	-17,210
Docusign, Inc. DOCU	105,947	$4.7 million	0.07%	-37,997
ROSS Stores, Inc. ROST	22,101	$4.7 million	0.07%	-8,223
Applied Digital Corp. APLD	126,007	$4.7 million	0.07%	new
HCA Healthcare, Inc. HCA	12,019	$4.7 million	0.07%	+3,678
Dynatrace, Inc. DT	106,573	$4.7 million	0.07%	+26,232
Select Sector SPDR Trust XLV	29,452	$4.7 million	0.07%	new
Fidelity National Financial, Inc. FNF	98,785	$4.7 million	0.07%	+45,894
Jabil Inc. JBL	12,025	$4.6 million	0.07%	new
American Electric Power Co. Inc. AEP	33,875	$4.6 million	0.07%	+18,978
NVR Inc. NVR	679	$4.6 million	0.07%	-33
Royalty Pharma PLC RPRX	82,435	$4.6 million	0.07%	+2,857
Coreweave Inc. CRWV	46,400	$4.6 million	0.07%	-80,376
Globe Life Inc. GL	25,717	$4.6 million	0.07%	-7,731
Kraft Heinz Co. KHC	193,976	$4.6 million	0.07%	-339
Grupo Financiero Galicia S A GGAL	88,712	$4.6 million	0.07%	-163,938
CoreCivic, Inc. CXW	151,348	$4.6 million	0.07%	new
Toro Co. TTC	46,947	$4.6 million	0.07%	+3,178
Arrow Electronics, Inc. ARW	21,339	$4.6 million	0.07%	+10,762
Fortive Corp. FTV	74,499	$4.6 million	0.07%	+68,056
Kbr, Inc. KBR	131,635	$4.5 million	0.07%	+31,691
Box Inc. BOX	170,862	$4.5 million	0.07%	+24,486
Verisign Inc. VRSN	18,018	$4.5 million	0.07%	+16,985
Resmed Inc. RMD	23,225	$4.5 million	0.07%	+20,942
Knight-Swift Transportation Holdings Inc. KNX	58,007	$4.5 million	0.07%	new
Baker Hughes Co. BKR	81,349	$4.5 million	0.07%	-25,155
CBRE Group, Inc. CBRE	33,404	$4.5 million	0.07%	+2,773
General Dynamics Corp. GD	12,693	$4.5 million	0.07%	-8,216
Oracle Corp. ORCL	30,619	$4.5 million	0.07%	-286,614
Chipotle Mexican Grill Inc. CMG	130,962	$4.5 million	0.07%	-17,007
Pg&E Corp. PCG	264,575	$4.5 million	0.07%	-138,286
Ryder System Inc. R	16,804	$4.4 million	0.07%	+4,086
Riot Platforms Inc. RIOT	161,700	$4.4 million	0.07%	-320,080
ITT Inc. ITT	22,313	$4.4 million	0.07%	+13,742
Huntington Bancshares Inc. HBAN	248,119	$4.4 million	0.07%	+197,464
Ecolab Inc. ECL	15,764	$4.4 million	0.06%	+857
Southern Copper Corp. SCCO	25,092	$4.4 million	0.06%	new
Masco Corp. MAS	53,696	$4.4 million	0.06%	+46,333
UGI Corp. UGI	126,394	$4.4 million	0.06%	+11,610
RPM International Inc. RPM	39,141	$4.4 million	0.06%	-9,050
Steris plc STE	20,654	$4.3 million	0.06%	+19,132
Westinghouse Air Brake Technologies Corp. WAB	16,107	$4.3 million	0.06%	+3,335
Roper Technologies Inc. ROP	12,825	$4.3 million	0.06%	+11,491
Hamilton Lane Inc. HLNE	54,917	$4.3 million	0.06%	+38,956
Sempra SRE	46,509	$4.3 million	0.06%	new
Fiserv Inc. FISV	87,671	$4.3 million	0.06%	+64,394
Johnson Controls International plc JCI	29,356	$4.3 million	0.06%	new
Scotts Miracle-Gro Co. SMG	62,943	$4.3 million	0.06%	+58,184
QCR Holdings Inc. QCRH	44,000	$4.3 million	0.06%	-80,507
Federated Hermes, Inc. FHI	77,406	$4.3 million	0.06%	+67,802
Bok Finl Corp. BOKF	30,777	$4.3 million	0.06%	+7,099
Oklo Inc. OKLO	81,610	$4.3 million	0.06%	+73,264
Champion Homes, Inc. SKY	48,451	$4.3 million	0.06%	+16,055
Spire Inc. SR	54,291	$4.2 million	0.06%	+51,952
Darling Ingredients Inc. DAR	77,589	$4.2 million	0.06%	+8,885
Vishay Intertechnology Inc. VSH	78,217	$4.2 million	0.06%	+42,469
Merit Medical Systems Inc. MMSI	60,600	$4.2 million	0.06%	-823
Armstrong World Industries Inc. AWI	26,135	$4.2 million	0.06%	+9,252
Bold Eagle Acquisition Corp. BEAG	392,659	$4.2 million	0.06%	+169,848
Skyworks Solutions, Inc. SWKS	61,610	$4.2 million	0.06%	+39,070
Colgate-Palmolive Co. CL	45,490	$4.2 million	0.06%	+33,581
Block, Inc. XYZ	54,861	$4.2 million	0.06%	+50,421
Enova International, Inc. ENVA	17,310	$4.2 million	0.06%	-92,483
McKesson Corp. MCK	5,501	$4.2 million	0.06%	+4,549

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 620 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
Invesco QQQ Trust QQQ	Calls	667,200	$491.3 million
iShares Trust TLT	Puts	5,335,000	$461.1 million
iShares Trust HYG	Puts	5,000,000	$399.9 million
iShares Trust TLT	Calls	3,835,000	$331.4 million
iShares Trust LQD	Puts	2,805,000	$305.9 million
Tesla, Inc. TSLA	Puts	626,800	$263.6 million
SPDR Ser Trust KRE	Puts	3,515,700	$263.2 million
Tesla, Inc. TSLA	Calls	603,400	$253.8 million
iShares Bitcoin Trust ETF IBIT	Calls	7,230,000	$240.7 million
iShares Trust LQD	Calls	2,200,000	$240.0 million
NVIDIA Corp. NVDA	Calls	1,074,175	$214.9 million
Amazon.com Inc. AMZN	Calls	900,000	$214.5 million
iShares Bitcoin Trust ETF IBIT	Puts	5,273,700	$175.6 million
NVIDIA Corp. NVDA	Puts	805,700	$161.2 million
Alphabet Inc. GOOGL	Calls	400,000	$142.9 million
Microsoft Corp. MSFT	Calls	333,805	$124.5 million
KraneShares Trust KWEB	Calls	4,770,000	$116.7 million
PDD Holdings Inc. PDD	Calls	84,600	$103.3 million
Invesco QQQ Trust QQQ	Puts	100,000	$73.6 million
Boeing Co. BA	Puts	326,800	$70.7 million
JD.com, Inc. JD	Calls	2,735,600	$69.4 million
iShares Inc. EWY	Calls	310,000	$62.6 million
Boeing Co. BA	Calls	271,300	$58.7 million
CrowdStrike Holdings, Inc. CRWD	Calls	75,400	$57.5 million
CrowdStrike Holdings, Inc. CRWD	Puts	75,400	$57.5 million
Palantir Technologies Inc. PLTR	Calls	406,300	$47.4 million
Alphabet Inc. GOOGL	Puts	130,000	$46.5 million
Palantir Technologies Inc. PLTR	Puts	387,300	$45.2 million
Meta Platforms, Inc. META	Puts	74,500	$42.0 million
Meta Platforms, Inc. META	Calls	72,100	$40.6 million
Alibaba Group Holding Limited BABA	Calls	417,100	$39.9 million
Apple Inc. AAPL	Calls	135,000	$39.1 million
Bank of America Corp. BAC	Puts	673,200	$38.4 million
Agnc Invt Corp. AGNC	Puts	3,500,000	$38.1 million
Charles Schwab Corp. SCHW	Puts	401,800	$37.3 million
Uber Technologies, Inc. UBER	Puts	502,000	$36.2 million
Netflix Inc. NFLX	Calls	498,100	$35.6 million
Alphabet Inc. GOOG	Calls	100,000	$35.3 million
Select Sector SPDR Trust XLU	Calls	750,000	$34.0 million
Select Sector SPDR Trust XLU	Puts	750,000	$34.0 million
Uber Technologies, Inc. UBER	Calls	470,100	$33.9 million
iShares Trust SOXX	Calls	50,000	$32.0 million
Apple Inc. AAPL	Puts	105,000	$30.4 million
Alibaba Group Holding Limited BABA	Puts	312,000	$29.8 million
Charles Schwab Corp. SCHW	Calls	320,100	$29.7 million
Micron Technology Inc. MU	Calls	24,200	$27.9 million
Cisco Systems, Inc. CSCO	Calls	228,000	$26.8 million
General Motors Co. GM	Puts	346,400	$26.7 million
Select Sector SPDR Trust XLB	Calls	500,000	$25.4 million
Select Sector SPDR Trust XLB	Puts	500,000	$25.4 million
Goldman Sachs Group Inc. GS	Puts	25,000	$25.4 million
Netflix Inc. NFLX	Puts	324,100	$23.1 million
General Motors Co. GM	Calls	286,400	$22.1 million
Select Sector SPDR Trust XLC	Calls	200,000	$21.4 million
Select Sector SPDR Trust XLC	Puts	200,000	$21.4 million
Airbnb, Inc. ABNB	Puts	143,400	$20.5 million
Airbnb, Inc. ABNB	Calls	143,200	$20.5 million
Walt Disney Co. DIS	Calls	174,100	$16.8 million
Walt Disney Co. DIS	Puts	174,100	$16.8 million
Technology Select Sector SPDR ETF XLK	Calls	87,400	$16.7 million
Vaneck ETF Trust SMH	Calls	22,300	$14.6 million
Coinbase Global, Inc. COIN	Calls	94,000	$13.7 million
Coinbase Global, Inc. COIN	Puts	94,000	$13.7 million
ConocoPhillips COP	Calls	130,300	$13.5 million
ConocoPhillips COP	Puts	130,300	$13.5 million
Palo Alto Networks Inc. PANW	Calls	39,500	$13.5 million
Alcoa Corp. AA	Calls	216,000	$11.3 million
UnitedHealth Group Inc. UNH	Calls	26,100	$10.8 million
Fortinet, Inc. FTNT	Calls	70,500	$10.8 million
ASML Holding N.V. ASML	Calls	5,200	$10.3 million
Freeport-McMoRan Inc. FCX	Calls	161,400	$10.2 million
Bank of America Corp. BAC	Calls	173,200	$9.9 million
Roundhill ETF Trust DRAM	Calls	130,000	$9.6 million
Spotify Technology S.A. SPOT	Calls	20,900	$9.5 million
Broadcom Inc. AVGO	Calls	25,000	$9.4 million
Diamondback Energy, Inc. FANG	Calls	53,300	$9.4 million
Diamondback Energy, Inc. FANG	Puts	53,300	$9.4 million
SPDR Ser Trust KRE	Calls	125,100	$9.4 million
Citigroup Inc. C	Calls	62,400	$8.8 million
Caterpillar Inc. CAT	Calls	8,100	$8.6 million
Spotify Technology S.A. SPOT	Puts	18,500	$8.4 million
Davita Inc. DVA	Calls	37,500	$8.3 million
BHP Group Limited BHP	Calls	99,000	$8.2 million
Goldman Sachs Group Inc. GS	Calls	8,100	$8.2 million
Oracle Corp. ORCL	Calls	53,250	$7.8 million
Applied Materials Inc. AMAT	Calls	9,900	$7.2 million
Delta Air Lines, Inc. DAL	Calls	75,000	$7.0 million
Cummins Inc. CMI	Calls	9,600	$6.8 million
Humana Inc. HUM	Calls	16,200	$6.4 million
Datadog, Inc. DDOG	Calls	24,300	$6.3 million
Technology Select Sector SPDR ETF XLK	Puts	32,500	$6.2 million
JD.com, Inc. JD	Puts	231,200	$5.9 million
Quanta Services, Inc. PWR	Calls	7,500	$5.4 million
Suncor Energy Inc. SU	Calls	67,500	$3.6 million
Suncor Energy Inc. SU	Puts	67,500	$3.6 million
Cisco Systems, Inc. CSCO	Puts	28,000	$3.3 million
ExxonMobil Holdings Corp. XOM	Calls	24,000	$3.3 million
ASML Holding N.V. ASML	Puts	1,600	$3.2 million
Take-Two Interactive Software, Inc. TTWO	Calls	12,000	$3.0 million
Seagate Technology Holdings plc STX	Calls	3,000	$2.9 million

The largest 100 of 116 option lines.

A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.