BREVAN HOWARD CAPITAL MANAGEMENT LP Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 20
New Positions 12
Increased Positions 14
Decreased Positions 5
Positions with Activity 19
Sold Out Positions 4
Total Mkt Value (in $ millions) 141

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

Sector Weighting

Basic Materials 4.79%
Capital Goods
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 11.18%
Energy 32.15%
Financial 35.92%
Healthcare
Services 0%
Technology
Transportation
Utilities 5.85%

14 INCREASED Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
YPF SOCIEDAD ANONIMA SPON ADR CL D 38,794 16,194 71.66 1,716,555
ISHARES TR CHINA ETF 12,376 3,713 42.86 251,232
ADECOAGRO S A COM 10,721 10,721 New 1,243,757
CITIZENS FINL GROUP INC COM 8,590 8,590 New 330,000
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 7,636 7,636 New 397,313
PAMPA ENERGIA S A SPONS ADR LVL I 7,027 7,027 New 461,375
TERNIUM SA SPON ADR 6,744 6,744 New 444,842
PETROBRAS ARGENTINA S A SPONS ADR 6,462 6,462 New 1,008,091
CRESUD S A C I F Y A SPONSORED ADR 5,017 5,017 New 444,415
BBVA BANCO FRANCES S A SPONSORED ADR 4,269 4,269 New 280,639
ARAMARK COM 3,259 3,259 New 100,000
NMI HLDGS INC CL A 2,387 2,387 New 303,367
BANCO MACRO SA SPON ADR B 2,232 2,232 New 51,640
EMPRESA DIST Y COMERCIAL NORTE SPON ADR 1,209 1,209 New 96,900