The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2022
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Brevan Howard Capital Management LP
Address: 6TH FLOOR
37 ESPLANADE
ST. HELIER , Y9JE2 3QA
Form 13F File Number: 028-14379

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Donal Reamonn O'Sullivan
Title: Head of Compliance
Phone: 44-1534-605-421
Signature, Place, and Date of Signing:
/s/ D. R. O'Sullivan St Helier , Y9 05-16-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 34
Form 13F Information Table Value Total: 1,874,404
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name


SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGILENT TECHNOLOGIES INC COM 00846U101 288 2,173 SH DFND 2,173 0 0
ALBEMARLE CORP COM 012653101 556 2,515 SH DFND 2,515 0 0
APTIV PLC SHS G6095L109 223 1,865 SH DFND 1,865 0 0
ATOMERA INC COM 04965B100 1,279 97,904 SH DFND 97,904 0 0
BAIDU INC SPON ADR REP A 056752108 15,492 117,100 SH DFND 117,100 0 0
CME GROUP INC COM 12572Q105 24,393 102,553 SH DFND 102,553 0 0
CONCORD ACQUISITION CORP COM CL A 206071102 4,612 463,541 SH DFND 463,541 0 0
DANAHER CORPORATION COM 235851102 412 1,405 SH DFND 1,405 0 0
DARLING INGREDIENTS INC COM 237266101 252 3,141 SH DFND 3,141 0 0
GLOBAL X FDS GLOBAL X URANIUM 37954Y871 21,468 962,776 SH DFND 962,776 0 0
INVESCO DB COMMDY INDX TRCK UNIT 46138B103 2,916 111,911 SH DFND 111,911 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 108,762 300,000 SH Put DFND 300,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 4,159 110,000 SH Call DFND 110,000 0 0
ISHARES INC MSCI HONG KG ETF 464286871 3,543 157,000 SH DFND 157,000 0 0
ISHARES INC MSCI STH AFR ETF 464286780 1,949 35,095 SH DFND 35,095 0 0
ISHARES INC MSCI STH KOR ETF 464286772 5,342 75,000 SH DFND 75,000 0 0
ISHARES SILVER TR ISHARES 46428Q109 93,808 4,100,000 SH Call DFND 4,100,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 9,591 300,000 SH Call DFND 300,000 0 0
ISHARES TR CORE S&P MCP ETF 464287507 13,756 51,262 SH DFND 51,262 0 0
ISHARES TR GL CLEAN ENE ETF 464288224 3,792 176,211 SH DFND 176,211 0 0
ISHARES TR IBOXX HI YD ETF 464288513 926,330 4,567,569 SH Put DFND 4,567,569 0 0
ISHARES TR IBOXX INV CP ETF 464287242 36,282 300,000 SH Put DFND 300,000 0 0
ISHARES TR JPMORGAN USD EMG 464288281 97,760 1,000,000 SH Put DFND 1,000,000 0 0
MARTIN MARIETTA MATLS INC COM 573284106 236 612 SH DFND 612 0 0
MODERNA INC COM 60770K107 9,474 55,000 SH DFND 55,000 0 0
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341B106 208 2,499 SH DFND 2,499 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 8,951 117,100 SH DFND 117,100 0 0
SPDR GOLD TR GOLD SHS 78463V107 390,204 2,160,000 SH Call DFND 2,160,000 0 0
SPDR SER TR S&P OILGAS EXP 78468R556 2,437 18,112 SH DFND 18,112 0 0
SPDR SER TR S&P REGL BKG 78464A698 3,455 50,139 SH DFND 50,139 0 0
TPG RE FIN TR INC COM 87266M107 6,008 508,734 SH DFND 508,734 0 0
TPI COMPOSITES INC COM 87266J104 1,176 83,630 SH DFND 83,630 0 0
VALE S A SPONSORED ADS 91912E105 653 32,679 SH DFND 32,679 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 74,637 1,946,200 SH Call DFND 1,946,200 0 0