13F holdings
Brevan Howard Capital Management LP portfolio
Managed by . 2,012 reported positions worth $10.0B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
$10.0B
Book value
2,012
Positions
44%
Top 10 weight
+802
New this quarter
-419
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (802)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| HYG | ISHARES TR | $510.8M | 6,420,000 | 5.10% |
| PDD | PDD HOLDINGS INC | $295.1M | 180,500 | 2.94% |
| FXI | ISHARES TR | $216.5M | 6,030,000 | 2.16% |
| XLF | SELECT SECTOR SPDR TR | $123.4M | 2,500,000 | 1.23% |
| EWZ | ISHARES INC | $117.9M | 3,070,495 | 1.18% |
| CRWD | CROWDSTRIKE HLDGS INC | $56.2M | 143,829 | 0.56% |
| XLB | SELECT SECTOR SPDR TR | $50.0M | 1,000,000 | 0.50% |
| XLP | SELECT SECTOR SPDR TR | $49.2M | 600,000 | 0.49% |
| JD | JD.COM INC | $47.8M | 1,649,000 | 0.48% |
| COP | CONOCOPHILLIPS | $40.4M | 306,002 | 0.40% |
| EWY | ISHARES INC | $36.0M | 292,385 | 0.36% |
| EEM | ISHARES TR | $31.6M | 556,362 | 0.32% |
| FTI | TECHNIPFMC PLC | $28.9M | 417,708 | 0.29% |
| XLY | SELECT SECTOR SPDR TR | $25.2M | 230,944 | 0.25% |
| GPN 1.5 03/01/31 | GLOBAL PMTS INC | $23.6M | 27,000,000 | 0.24% |
| NET 0 08/15/26 | CLOUDFLARE INC | $22.9M | 20,000,000 | 0.23% |
| ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $17.4M | 18,000,000 | 0.17% |
| XPO | XPO INC | $16.7M | 85,603 | 0.17% |
| ABBV | ABBVIE INC | $16.0M | 73,583 | 0.16% |
| SPOT | SPOTIFY TECHNOLOGY S A | $15.5M | 32,363 | 0.15% |
| LRCX | LAM RESEARCH CORP | $12.8M | 60,065 | 0.13% |
| NU | NU HLDGS LTD | $12.0M | 834,449 | 0.12% |
| BAP | CREDICORP LTD | $11.5M | 33,802 | 0.11% |
| SU | SUNCOR ENERGY INC NEW | $9.1M | 135,000 | 0.09% |
| LHX | L3HARRIS TECHNOLOGIES INC | $9.0M | 26,169 | 0.09% |
Closed out (419)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| FTKI | FIRST TR EXCHANGE TRADED FD | $452.0M | 57,081,120 | 0.00% |
| IVV | ISHARES TR | $112.0M | 162,970 | 0.00% |
| SPOT 0 03/15/26 | SPOT 0 03/26 | $37.4M | 33,000,000 | 0.00% |
| F 0 03/15/26 | F 0 03/26 | $31.4M | 30,000,000 | 0.00% |
| AKAM 1.125 02/15/29 | AKAM 1.125 02/29 | $23.8M | 24,000,000 | 0.00% |
| LNT 3.875 03/15/26 | LNT 3.875 03/26 | $20.9M | 20,000,000 | 0.00% |
| JBTM 0.25 05/15/26 | JBTM 0.25 05/26 | $20.7M | 20,000,000 | 0.00% |
| FYBR | FRONTIER COMMUNICATIONS PARE | $20.0M | 525,494 | 0.00% |
| ANIP 2.25 09/01/29 | ANIP 2.25 09/29 | $19.1M | 15,000,000 | 0.00% |
| NOW | SERVICENOW INC | $12.5M | 81,760 | 0.00% |
| BIIB | BIOGEN INC | $12.5M | 71,017 | 0.00% |
| BIDU | BAIDU INC | $11.9M | 92,203 | 0.00% |
| WKC 3.25 07/01/28 | WKC 3.25 07/28 | $10.6M | 10,000,000 | 0.00% |
| QTWO 0.75 06/01/26 | QTWO 0.75 06/26 | $10.2M | 10,000,000 | 0.00% |
| DAY 0.25 03/15/26 | DAY 0.25 03/26 | $9.9M | 10,000,000 | 0.00% |
| TTD | THE TRADE DESK INC | $9.8M | 259,224 | 0.00% |
| WT 3.25 06/15/26 | WT 3.25 06/26 | $8.2M | 7,000,000 | 0.00% |
| ASTS | AST SPACEMOBILE INC | $8.0M | 110,546 | 0.00% |
| SNOW 0 10/01/27 | SNOWFLAKE INC | $7.6M | 5,000,000 | 0.00% |
| FCNCA | FIRST CTZNS BANCSHARES INC D | $7.5M | 3,500 | 0.00% |
| SYY | SYSCO CORP | $7.2M | 98,377 | 0.00% |
| PEP | PEPSICO INC | $7.0M | 48,461 | 0.00% |
| ETHA | ISHARES ETHEREUM TR | $6.5M | 289,408 | 0.00% |
| CSX | CSX CORP | $6.4M | 177,842 | 0.00% |
| TEVA | TEVA PHARMACEUTICAL INDS LTD | $6.2M | 200,000 | 0.00% |
Added to (638)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IBIT | ISHARES BITCOIN TRUST ETF | $933.8M | 24,304,788 | 9.31% | +338% |
| QQQ | INVESCO QQQ TR | $855.4M | 1,482,035 | 8.53% | +6637% |
| NVDA | NVIDIA CORPORATION | $503.4M | 2,960,428 | 5.02% | +487% |
| TSLA | TESLA INC | $417.8M | 1,123,875 | 4.17% | +719% |
| TLT | ISHARES TR | $238.4M | 2,750,000 | 2.38% | +1619% |
| LQD | ISHARES TR | $215.3M | 1,975,000 | 2.15% | +527% |
| GLD | SPDR GOLD TR | $184.0M | 427,603 | 1.84% | +42875% |
| META | META PLATFORMS INC | $115.3M | 208,822 | 1.15% | +10737% |
| PLTR | PALANTIR TECHNOLOGIES INC | $112.0M | 791,246 | 1.12% | +1645% |
| BA | BOEING CO | $101.7M | 511,019 | 1.01% | +9206% |
| SNDK | SANDISK CORP | $83.6M | 131,559 | 0.83% | +7% |
| UBER | UBER TECHNOLOGIES INC | $78.6M | 1,116,853 | 0.78% | +1764% |
| NFLX | NETFLIX INC. | $76.6M | 811,542 | 0.76% | +621% |
| MU | MICRON TECHNOLOGY INC | $75.2M | 222,516 | 0.75% | +1278% |
| SCHW | SCHWAB CHARLES CORP | $72.3M | 781,655 | 0.72% | +24699% |
Trimmed (560)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| B | BARRICK MNG CORP | $281,940 | 6,912 | 0.00% | -100% |
| REGN | REGENERON PHARMACEUTICALS | $258,062 | 334 | 0.00% | -98% |
| NEM | NEWMONT CORP | $1.5M | 13,976 | 0.02% | -97% |
| SGI | SOMNIGROUP INTERNATIONAL INC | $221,243 | 2,993 | 0.00% | -96% |
| OCUL | OCULAR THERAPEUTIX INC | $104,147 | 12,296 | 0.00% | -96% |
| FBK | FB FINL CORP | $324,625 | 6,250 | 0.00% | -96% |
| BABA | ALIBABA GROUP HLDG LTD | $1.9M | 15,878 | 0.02% | -96% |
| CDW | CDW CORP | $305,939 | 2,528 | 0.00% | -96% |
| CF | CF INDUSTRIES HOLD | $242,022 | 1,864 | 0.00% | -95% |
| COHR | COHERENT CORP | $2.6M | 10,921 | 0.03% | -94% |
| SPG | SIMON PPTY GROUP INC NEW | $366,531 | 1,965 | 0.00% | -94% |
| GDOT | GREEN DOT CORP | $244,147 | 21,760 | 0.00% | -94% |
| AFL | AFLAC INC | $670,548 | 6,112 | 0.01% | -93% |
| MTD | METTLER TOLEDO INTERNATIONAL | $271,158 | 215 | 0.00% | -93% |
| NYT | NEW YORK TIMES CO MTN BE | $244,157 | 2,916 | 0.00% | -92% |
The book
Largest 150 of 2,012 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| IBIT | ISHARES BITCOIN TRUST ETF | $933.8M | 24,304,788 | 9.31% | — |
| QQQ | INVESCO QQQ TR | $855.4M | 1,482,035 | 8.53% | — |
| HYG | ISHARES TR | $510.8M | 6,420,000 | 5.10% | — |
| NVDA | NVIDIA CORPORATION | $503.4M | 2,960,428 | 5.02% | — |
| TSLA | TESLA INC | $417.8M | 1,123,875 | 4.17% | — |
| PDD | PDD HOLDINGS INC | $295.1M | 180,500 | 2.94% | — |
| TLT | ISHARES TR | $238.4M | 2,750,000 | 2.38% | — |
| FXI | ISHARES TR | $216.5M | 6,030,000 | 2.16% | — |
| LQD | ISHARES TR | $215.3M | 1,975,000 | 2.15% | — |
| GLD | SPDR GOLD TR | $184.0M | 427,603 | 1.84% | — |
| XLF | SELECT SECTOR SPDR TR | $123.4M | 2,500,000 | 1.23% | — |
| EWZ | ISHARES INC | $117.9M | 3,070,495 | 1.18% | — |
| META | META PLATFORMS INC | $115.3M | 208,822 | 1.15% | — |
| PLTR | PALANTIR TECHNOLOGIES INC | $112.0M | 791,246 | 1.12% | — |
| BA | BOEING CO | $101.7M | 511,019 | 1.01% | — |
| SNDK | SANDISK CORP | $83.6M | 131,559 | 0.83% | — |
| UBER | UBER TECHNOLOGIES INC | $78.6M | 1,116,853 | 0.78% | — |
| NFLX | NETFLIX INC. | $76.6M | 811,542 | 0.76% | — |
| MU | MICRON TECHNOLOGY INC | $75.2M | 222,516 | 0.75% | — |
| SCHW | SCHWAB CHARLES CORP | $72.3M | 781,655 | 0.72% | — |
| XLU | SELECT SECTOR SPDR TR | $68.8M | 1,500,000 | 0.69% | — |
| GM | GENERAL MTRS CO | $67.8M | 910,166 | 0.68% | — |
| MSFT | MICROSOFT CORP | $57.8M | 1,611,410 | 0.58% | — |
| CRWD | CROWDSTRIKE HLDGS INC | $56.2M | 143,829 | 0.56% | — |
| BABA 0.5 06/01/31 | ALIBABA GROUP HLDG LTD | $51.1M | 37,500,000 | 0.51% | — |
| XLB | SELECT SECTOR SPDR TR | $50.0M | 1,000,000 | 0.50% | — |
| XLP | SELECT SECTOR SPDR TR | $49.2M | 600,000 | 0.49% | — |
| JD | JD.COM INC | $47.8M | 1,649,000 | 0.48% | — |
| ORCL | ORACLE CORP | $46.7M | 317,233 | 0.47% | — |
| GDX | VANECK ETF TRUST | $45.6M | 496,884 | 0.45% | — |
| COIN | COINBASE GLOBAL INC | $42.0M | 253,685 | 0.42% | — |
| COP | CONOCOPHILLIPS | $40.4M | 306,002 | 0.40% | — |
| AAPL | APPLE INC | $38.5M | 151,567 | 0.38% | — |
| EWY | ISHARES INC | $36.0M | 292,385 | 0.36% | — |
| EVRG 4.5 12/15/27 | EVERGY INC | $33.5M | 25,000,000 | 0.33% | — |
| PPTA | PERPETUA RESOURCES CORP | $32.9M | 1,225,000 | 0.33% | — |
| KWEB | KRANESHARES TRUST | $31.8M | 1,117,500 | 0.32% | — |
| EEM | ISHARES TR | $31.6M | 556,362 | 0.32% | — |
| CME | CME GROUP INC | $30.3M | 102,706 | 0.30% | — |
| SNOW 0 10/01/29 | SNOWFLAKE INC | $30.2M | 25,000,000 | 0.30% | — |
| MTZ | MASTEC INC | $29.5M | 94,669 | 0.29% | — |
| FTI | TECHNIPFMC PLC | $28.9M | 417,708 | 0.29% | — |
| MCD | MCDONALDS CORP | $28.6M | 92,740 | 0.28% | — |
| NB | NIOCORP DEVS LTD | $28.0M | 6,485,000 | 0.28% | — |
| CMCSA | COMCAST CORP NEW | $27.1M | 942,356 | 0.27% | — |
| EA* | ELECTRONIC ARTS INC | $26.2M | 128,540 | 0.26% | — |
| XLY | SELECT SECTOR SPDR TR | $25.2M | 230,944 | 0.25% | — |
| DIS | DISNEY WALT CO | $24.0M | 254,345 | 0.24% | — |
| GPN 1.5 03/01/31 | GLOBAL PMTS INC | $23.6M | 27,000,000 | 0.24% | — |
| CNP 4.25 08/15/26 | CENTERPOINT ENERGY INC | $23.6M | 20,000,000 | 0.24% | — |
| COST | COSTCO WHOLESALE CORPORATION | $23.4M | 23,483 | 0.23% | — |
| GOOGL | ALPHABET INC | $23.3M | 80,984 | 0.23% | — |
| NET 0 08/15/26 | CLOUDFLARE INC | $22.9M | 20,000,000 | 0.23% | — |
| SO 4.5 06/15/27 | SOUTHERN CO | $22.2M | 20,000,000 | 0.22% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $21.3M | 65,533 | 0.21% | — |
| JAZZ 3.125 09/15/30 | JAZZ INVESTMENTS I LTD | $21.1M | 15,000,000 | 0.21% | — |
| PCG 4.25 12/01/27 | PG&E CORP | $20.8M | 20,000,000 | 0.21% | — |
| EXMOC | EXXON MOBIL CORP | $20.3M | 119,450 | 0.20% | — |
| CVX | CHEVRON CORPORATION | $20.1M | 97,185 | 0.20% | — |
| FANG | DIAMONDBACK ENERGY INC | $19.8M | 100,192 | 0.20% | — |
| LNG | CHENIERE ENERGY INC | $18.5M | 65,278 | 0.18% | — |
| TMUS | T-MOBILE US INC | $18.4M | 87,616 | 0.18% | — |
| WEC 4.375 06/01/27 | WEC ENERGY GROUP INC | $18.0M | 15,000,000 | 0.18% | — |
| WMT | WALMART INC | $18.0M | 144,495 | 0.18% | — |
| CCJ | CAMECO CORP | $17.7M | 162,545 | 0.18% | — |
| ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $17.4M | 18,000,000 | 0.17% | — |
| CVBF | CVB FINL CORP | $17.4M | 895,386 | 0.17% | — |
| CSCO | CISCO SYS INC | $17.2M | 221,143 | 0.17% | — |
| XPO | XPO INC | $16.7M | 85,603 | 0.17% | — |
| NSC | NORFOLK SOUTHN CORP | $16.6M | 58,552 | 0.17% | — |
| SF | STIFEL FINL CORP | $16.4M | 221,321 | 0.16% | — |
| MRVL | MARVELL TECHNOLOGY INC | $16.3M | 164,745 | 0.16% | — |
| FE 4 05/01/26 | FIRSTENERGY CORP | $16.3M | 15,000,000 | 0.16% | — |
| ABBV | ABBVIE INC | $16.0M | 73,583 | 0.16% | — |
| FCX | FREEPORT MCMORAN INC | $15.8M | 268,503 | 0.16% | — |
| LLY | ELI LILLY & CO | $15.7M | 17,119 | 0.16% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $15.5M | 32,363 | 0.15% | — |
| C | CITIGROUP INC | $15.4M | 140,370 | 0.15% | — |
| AMZN | AMAZON COM INC | $15.3M | 73,640 | 0.15% | — |
| ENVA | ENOVA INTL INC | $14.9M | 109,793 | 0.15% | — |
| GOOG | ALPHABET INC | $14.8M | 51,594 | 0.15% | — |
| KVUE | KENVUE INC | $14.5M | 841,248 | 0.14% | — |
| PNW 4.75 06/15/27 | PINNACLE WEST CAP CORP | $14.3M | 12,500,000 | 0.14% | — |
| HOOD | ROBINHOOD MKTS INC | $13.9M | 200,508 | 0.14% | — |
| COLB | COLUMBIA BKG SYS INC | $12.9M | 468,474 | 0.13% | — |
| LRCX | LAM RESEARCH CORP | $12.8M | 60,065 | 0.13% | — |
| CORZ | CORE SCIENTIFIC INC NEW | $12.4M | 883,432 | 0.12% | — |
| SFBS | SERVISFIRST BANCSHARES INC | $12.2M | 170,000 | 0.12% | — |
| UUUU | ENERGY FUELS INC | $12.2M | 668,755 | 0.12% | — |
| NU | NU HLDGS LTD | $12.0M | 834,449 | 0.12% | — |
| FIGR | FIGURE TECHNOLOGY SOLUTIO | $11.9M | 350,157 | 0.12% | — |
| ABCB | AMERIS BANCORP | $11.7M | 150,000 | 0.12% | — |
| JPM | JPMORGAN CHASE & CO | $11.6M | 39,316 | 0.12% | — |
| AX | AXOS FINANCIAL INC | $11.5M | 135,129 | 0.11% | — |
| BAP | CREDICORP LTD | $11.5M | 33,802 | 0.11% | — |
| CRCL | CIRCLE INTERNET GROUP INC | $11.5M | 120,114 | 0.11% | — |
| GGAL | GRUPO FINANCIERO GALICIA S.A | $11.2M | 252,650 | 0.11% | — |
| WULF | TERAWULF INC | $11.2M | 775,366 | 0.11% | — |
| AMAT | APPLIED MATLS INC | $11.2M | 32,721 | 0.11% | — |
| DUK 4.125 04/15/26 | DUKE ENERGY CORP NEW | $11.0M | 10,000,000 | 0.11% | — |
| WWD | WOODWARD INC | $11.0M | 30,711 | 0.11% | — |
| PH | PARKER-HANNIFIN CORP | $10.9M | 12,168 | 0.11% | — |
| WMB | WILLIAMS COS INC | $10.8M | 148,081 | 0.11% | — |
| BSX | BOSTON SCIENTIFIC CORP | $10.8M | 171,568 | 0.11% | — |
| COF | CAPITAL ONE FINL CORP | $10.7M | 58,439 | 0.11% | — |
| QCRH | QCR HLDGS INC | $10.6M | 124,507 | 0.11% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $10.3M | 170,511 | 0.10% | — |
| NBIS | NEBIUS GROUP N.V. | $10.3M | 99,400 | 0.10% | — |
| ALB | ALBEMARLE CORP | $10.3M | 57,318 | 0.10% | — |
| RGLD | ROYAL GOLD INC | $10.0M | 39,225 | 0.10% | — |
| CCB | COASTAL FINL CORP WA | $9.9M | 130,000 | 0.10% | — |
| CRWV | COREWEAVE INC | $9.8M | 126,776 | 0.10% | — |
| SII | SPROTT INC | $9.8M | 70,000 | 0.10% | — |
| BWXT | BWX TECHNOLOGIES INC | $9.7M | 47,453 | 0.10% | — |
| TER | TERADYNE INC | $9.7M | 32,726 | 0.10% | — |
| CASH | PATHWARD FINANCIAL INC | $9.4M | 105,867 | 0.09% | — |
| RKT | ROCKET COS INC | $9.3M | 652,034 | 0.09% | — |
| SSB | SOUTHSTATE BK CORP | $9.3M | 100,000 | 0.09% | — |
| ATI | ATI INC | $9.1M | 62,710 | 0.09% | — |
| SU | SUNCOR ENERGY INC NEW | $9.1M | 135,000 | 0.09% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $9.0M | 26,169 | 0.09% | — |
| TFIN | TRIUMPH FINANCIAL INC | $8.9M | 150,000 | 0.09% | — |
| RTX | RTX CORPORATION | $8.7M | 44,900 | 0.09% | — |
| PWR | QUANTA SVCS INC | $8.6M | 15,677 | 0.09% | — |
| BAC | BANK AMERICA CORP | $8.5M | 178,924 | 0.08% | — |
| GLW | CORNING INC | $8.5M | 62,232 | 0.08% | — |
| NBN | NORTHEAST BK PORTLAND ME | $8.5M | 75,200 | 0.08% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $8.4M | 17,510 | 0.08% | — |
| WBD | WARNER BROS DISCOVERY INC | $8.4M | 308,378 | 0.08% | — |
| ADI | ANALOG DEVICES INC | $8.3M | 26,145 | 0.08% | — |
| TJX | TJX COS INC NEW | $8.0M | 50,283 | 0.08% | — |
| VZ | VERIZON COMMUNICATIONS INC | $8.0M | 158,769 | 0.08% | — |
| YPF | YPF SOCIEDAD ANONIMA | $8.0M | 165,000 | 0.08% | — |
| HBM | HUDBAY MINERALS INC | $7.8M | 374,816 | 0.08% | — |
| OPEN | OPENDOOR TECHNOLOGIES INC | $7.7M | 1,647,734 | 0.08% | — |
| SMH | VANECK ETF TRUST | $7.7M | 20,100 | 0.08% | — |
| IBKR | INTERACTIVE BROKERS GROUP IN | $7.6M | 113,946 | 0.08% | — |
| BBD | BANCO BRADESCO S A | $7.6M | 2,154,711 | 0.08% | — |
| VRT | VERTIV HOLDINGS CO | $7.6M | 30,480 | 0.08% | — |
| CIFR | CIPHER DIGITAL INC | $7.6M | 588,658 | 0.08% | — |
| NTRS | NORTHERN TR CORP | $7.5M | 54,038 | 0.08% | — |
| STT | STATE STR CORP | $7.5M | 59,583 | 0.08% | — |
| VZLA | VIZSLA SILVER CORP | $7.5M | 2,300,000 | 0.07% | — |
| FDX | FEDEX CORP | $7.3M | 20,517 | 0.07% | — |
| BMA | BANCO MACRO S A | $7.2M | 98,862 | 0.07% | — |
| BHF | BRIGHTHOUSE FINL INC | $7.2M | 120,793 | 0.07% | — |
| GD | GENERAL DYNAMICS CORP | $7.2M | 20,909 | 0.07% | — |
| PCG | PG&E CORP | $7.1M | 402,861 | 0.07% | — |
| OXY | OCCIDENTAL PETE CORP | $7.0M | 107,306 | 0.07% | — |
| 1B2 | BITFARMS LTD | $6.8M | 3,499,900 | 0.07% | — |
This table is the 150 largest positions by value, out of 2,012 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
This manager also disclosed 102 options positions with a combined notional of $1.3B. Notional is not ownership, so it is excluded from the book value above rather than folded in to make the fund look bigger.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Brevan Howard Capital Management LP (CIK 1512857, accession 0000905148-26-002360). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
Free · no spam
Get the weekly edge report
The best-performing indicator per asset, what changed this week, and the honest caveats — straight to your inbox.