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) 173

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 16.08%
Financial 81.43%
Healthcare
Services 2.49%
Technology
Transportation
Utilities

13 Activity 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 99,774 99,774 New 484,950
YPF SOCIEDAD ANONIMA SPON ADR CL D 27,890 27,890 New 1,000,000
ISHARES MSCI AC ASIA ETF 20,511 20,511 New 324,138
ISHARES TR CHINA ETF 9,293 3,903 72.41 175,862
AMERICAN CAPITAL AGENCY CORP COM 4,316 4,316 New 200,000
ISHARES MSCI MEX CAP ETF 1,519 1,519 New 26,113
RADIAN GROUP INC COM 454 -2,074 (82.04) 27,762
BARCLAYS BK PLC IPATH S&P500 VIX -27,905 Sold Out 0
ISHARES TR CHINA LG-CAP ETF -102,544 Sold Out 0
ISHARES TR MSCI EMG MKT ETF -13,180 Sold Out 0
SELECT SECTOR SPDR TR TECHNOLOGY -10,343 Sold Out 0
SPDR GOLD TRUST GOLD SHS -58,383 Sold Out 0
SPDR SERIES TRUST S&P REGL BKG -15,717 Sold Out 0