BREVAN HOWARD CAPITAL MANAGEMENT LP Information

6TH FLOOR, ST. HELIER, , JE2 3QA, (4153) 460-5400

Report Date: 12/31/2014

Position Statistics

Total Positions 14
New Positions 5
Increased Positions 6
Decreased Positions 7
Positions with Activity 13
Sold Out Positions 6
Total Mkt Value (in $ millions) 175

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 14.89%
Financial 82.65%
Healthcare
Services 2.46%
Technology
Transportation
Utilities

14 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPDR S&P 500 ETF TR TR UNIT 102,630 102,630 New 484,950
YPF SOCIEDAD ANONIMA SPON ADR CL D 26,020 26,020 New 1,000,000
ISHARES MSCI AC ASIA ETF 20,667 20,667 New 324,138
CME GROUP INC COM 9,899 New 102,553
ISHARES TR CHINA ETF 9,240 3,881 72.41 175,862
AMERICAN CAPITAL AGENCY CORP COM 4,292 4,292 New 200,000
ISHARES MSCI MEX CAP ETF 1,557 1,557 New 26,113
RADIAN GROUP INC COM 442 -2,018 (82.04) 27,762
BARCLAYS BK PLC IPATH S&P500 VIX -30,464 Sold Out 0
ISHARES TR CHINA LG-CAP ETF -102,878 Sold Out 0
ISHARES TR MSCI EMG MKT ETF -13,614 Sold Out 0
SELECT SECTOR SPDR TR TECHNOLOGY -10,743 Sold Out 0
SPDR GOLD TRUST GOLD SHS -58,708 Sold Out 0
SPDR SERIES TRUST S&P REGL BKG -15,686 Sold Out 0