L3VLUP
ProSign in
← Brevan Howard Capital Management LP, its record

Brevan Howard Capital Management LP and Schonfeld Strategic Advisors LLC: where the books meet

At Q2 2026, at least 17% of the two 13F books was the same, across 122 stocks both listed, against 0.0% at Q1 2016. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%9%17%Q1 2016: 0.0%, 0 in both16Q2 2016: 0.4%, 1 in bothQ3 2016: 0.7%, 3 in bothQ4 2016: under 0.1%, 1 in bothQ1 2017: 0.1%, 1 in both17Q2 2017: 0.7%, 1 in bothQ3 2017: 1.1%, 3 in bothQ4 2020: 0.7%, 3 in bothQ1 2021: 0.5%, 2 in both21Q2 2021: 0.1%, 1 in bothQ3 2021: 0.2%, 1 in bothQ4 2021: 0.9%, 2 in bothQ1 2022: 0.4%, 5 in both22Q2 2022: 0.6%, 13 in bothQ3 2022: 1.2%, 13 in bothQ4 2022: 1.6%, 23 in bothQ1 2023: 2.0%, 29 in both23Q2 2023: 1.9%, 42 in bothQ3 2023: 1.1%, 95 in bothQ4 2023: 2.9%, 150 in bothQ1 2024: 3.2%, 128 in both24Q2 2024: 4.8%, 158 in bothQ3 2024: 5.6%, 143 in bothQ4 2024: 7.6%, 166 in bothQ1 2025: 9.4%, 144 in both25Q2 2025: 14%, 177 in bothQ3 2025: 9.1%, 148 in bothQ4 2025: 14%, 143 in bothQ1 2026: 11%, 154 in both26Q2 2026: 17%, 122 in both
  • Q1 2016: 0.0%, 0 in both
  • Q2 2016: 0.4%, 1 in both
  • Q3 2016: 0.7%, 3 in both
  • Q4 2016: under 0.1%, 1 in both
  • Q1 2017: 0.1%, 1 in both
  • Q2 2017: 0.7%, 1 in both
  • Q3 2017: 1.1%, 3 in both
  • Q4 2020: 0.7%, 3 in both
  • Q1 2021: 0.5%, 2 in both
  • Q2 2021: 0.1%, 1 in both
  • Q3 2021: 0.2%, 1 in both
  • Q4 2021: 0.9%, 2 in both
  • Q1 2022: 0.4%, 5 in both
  • Q2 2022: 0.6%, 13 in both
  • Q3 2022: 1.2%, 13 in both
  • Q4 2022: 1.6%, 23 in both
  • Q1 2023: 2.0%, 29 in both
  • Q2 2023: 1.9%, 42 in both
  • Q3 2023: 1.1%, 95 in both
  • Q4 2023: 2.9%, 150 in both
  • Q1 2024: 3.2%, 128 in both
  • Q2 2024: 4.8%, 158 in both
  • Q3 2024: 5.6%, 143 in both
  • Q4 2024: 7.6%, 166 in both
  • Q1 2025: 9.4%, 144 in both
  • Q2 2025: 14%, 177 in both
  • Q3 2025: 9.1%, 148 in both
  • Q4 2025: 14%, 143 in both
  • Q1 2026: 11%, 154 in both
  • Q2 2026: 17%, 122 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockBrevan Howard Capital Management LPSchonfeld Strategic Advisors LLC
iShares S&P 500(IVV)6.7%New10%Added
Microsoft Corp(MSFT)1.2%Trimmed1.2%Added
Nvidia Corp(NVDA)1.0%Trimmed1.8%Added
Amazon.com Inc(AMZN)0.6%Added0.8%Added
Advanced Micro Devices(AMD)0.9%Added0.5%Added
SanDisk Corp(SNDK)0.4%Trimmed0.4%Added
iShares Bitcoin Trust ETF(IBIT)1.8%Trimmed0.4%Added
Micron Technology Inc(MU)0.3%Trimmed2.4%Added
Bloom Energy Corp(BE)0.4%Added0.3%Added
Tesla Motors Inc(TSLA)0.3%Trimmed0.2%Added
T-mobile US Inc(TMUS)0.2%Added0.2%Trimmed
Berkshire Hathaway Inc-cl B(BRK-B)0.2%Added0.2%Added
Eli Lilly & Co(LLY)0.7%Added0.2%Added
Alphabet Inc-cl A(GOOGL)0.2%Trimmed1.0%Added
Broadcom LTD(AVGO)0.2%Added0.5%Added
Nvent Electric PLC(NVT)0.2%Added0.1%Trimmed
Allegheny Technologies Inc(ATI)0.2%Added0.1%Added
Norfolk Southern STK(NSC)0.1%Trimmed0.2%Added
Cme Group Inc(CME)0.2%Added0.1%Added
iShares 20 Yr Treas(TLT)0.2%Trimmed0.1%New

and 102 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Micron Technology Inc(MU)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • Nvidia Corp(NVDA)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • Microsoft Corp(MSFT)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • Alphabet Inc-cl A(GOOGL)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • iShares Bitcoin Trust ETF(IBIT)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • iShares(FXI)Brevan Howard Capital Management LP sold out; Schonfeld Strategic Advisors LLC added
  • SPDR Gold Trust(GLD)Brevan Howard Capital Management LP sold out; Schonfeld Strategic Advisors LLC added
  • Apple Inc(AAPL)Brevan Howard Capital Management LP added; Schonfeld Strategic Advisors LLC trimmed
  • 75513e101(RTX)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • SanDisk Corp(SNDK)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
  • iShares Trust(EEM)Brevan Howard Capital Management LP sold out; Schonfeld Strategic Advisors LLC added
  • Taiwan Semiconductor MFG LTD(TSM)Brevan Howard Capital Management LP trimmed; Schonfeld Strategic Advisors LLC added
Brevan Howard Capital Management LP: the recordSchonfeld Strategic Advisors LLC: the record

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More