Brevan Howard Capital Management’s iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 VXX Stock Holding History

Brevan Howard Capital Management’s Portfolio VXX Stock Details VXX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-22,188	Closed	-$11.1M	–	18
2014 Q3	$11.1M	Buy	22,188 +15,938	+255%	+$7.37M	3.85%	8
2014 Q2	$2.86M	Buy	+6,250	New	+$3.64M	1.33%	13
2013 Q4	–	Sell	-25,230	Closed	-$23.7M	–	40
2013 Q3	$23.7M	Buy	25,230 +2,667	+12%	+$2.67M	11.07%	1
2013 Q2	$29.9M	Buy	+22,563	New	+$28.3M	5.22%	4

Other funds holding VXX

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

WBI Investments Red Bank, New Jersey $362M AUM 23.75% 1-Year Est. Return

Walleye Trading New York $87.6B AUM 68.17% 1-Year Est. Return

QCM

QFR Capital Management New York $37.8M AUM

FTUS

Flow Traders U.S. New York $3.16B AUM 19.52% 1-Year Est. Return

HBK Investments Dallas, Texas $9.85B AUM 55.6% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Brevan Howard Capital Management's VXX Position: Q4 2014 in Review

Brevan Howard Capital Management sold out of iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 (VXX) in Q4 2014, closing a stake of 67,757 shares — an estimated $33.8M sold.

Brevan Howard Capital Management first reported a position in VXX in Q3 2014 and held it in 1 quarter. The position peaked at $33.8M in Q3 2014. 90 funds tracked by Wall St. Rank hold VXX as of Q4 2014.

Brevan Howard Capital Management reported no remaining iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 position as of Q4 2014 after selling out during the quarter.
Brevan Howard Capital Management sold 67,757 iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 shares in Q4 2014, an estimated $33.8M.
Brevan Howard Capital Management first reported a position in iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 in Q3 2014 and held it in 1 quarter.
Brevan Howard Capital Management's iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 position peaked at $33.8M in Q3 2014.
90 funds tracked by Wall St. Rank held iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 as of Q4 2014.

Based on Brevan Howard Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.