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Brevan Howard Capital Management Portfolio holdings

AUM $13.5B
1-Year Est. Return 44.56%
This Fund
S&P 500
This Quarter Est. Return
+23.57%
1 Year Est. Return
+44.56%
3 Year Est. Return
+147.62%
5 Year Est. Return
+116.32%
10 Year Est. Return
–
AUM
$13.5B
AUM Growth
+$2.2B
Cap. Flow
-$4.75B
Cap. Flow %
-35.17%
Top 10 Hldgs %
28.94%
Holding
2,727
New
603
Increased
718
Reduced
676
Closed
697

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$876M
2
KRE icon
State Street SPDR S&P Regional Banking ETF
KRE
+$137M
3
AAPL icon
Apple
AAPL
+$123M
4
AMD icon
Advanced Micro Devices
AMD
+$85.3M
5
AMZN icon
Amazon
AMZN
+$69M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$1.02B
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$696M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$494M
4
MSFT icon
Microsoft
MSFT
+$483M
5
NVDA icon
NVIDIA
NVDA
+$473M

Sector Composition

Rank Sector Weight
1 Miscellaneous 60.79%
2 Technology 10.62%
3 Financials 6.52%
4 Industrials 5.51%
5 Healthcare 4.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$868B
$898M 6.65%
+1,202,676
New +$876M
QQQ icon
2
CALL
Invesco QQQ Trust
QQQ
$487B
$491M 3.64%
+667,200
New +$459M
TLT icon
3
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$46.5B
$461M 3.41%
+5,335,000
New +$458M
HYG icon
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.3B
$400M 2.96%
+5,000,000
New +$400M
TLT icon
5
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$46.5B
$331M 2.45%
3,835,000
+585,000
+18% +$50.2M
LQD icon
6
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$30.1B
$306M 2.27%
2,805,000
+55,000
+2% +$5.99M
TSLA icon
7
PUT
Tesla
TSLA
$1.44T
$264M 1.95%
+626,800
New +$249M
KRE icon
8
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.24B
$263M 1.95%
+3,515,700
New +$246M
TSLA icon
9
CALL
Tesla
TSLA
$1.44T
$254M 1.88%
+603,400
New +$240M
IBIT icon
10
CALL
iShares Bitcoin Trust
IBIT
$61.3B
$241M 1.78%
+7,230,000
New +$294M
LQD icon
11
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$30.1B
$240M 1.78%
+2,200,000
New +$240M
IBIT icon
12
iShares Bitcoin Trust
IBIT
$61.3B
$240M 1.78%
7,205,004
-17,099,784
-70% -$696M
NVDA icon
13
CALL
NVIDIA
NVDA
$5.3T
$215M 1.59%
+1,074,175
New +$221M
AMZN icon
14
CALL
Amazon
AMZN
$2.75T
$215M 1.59%
900,000
+800,000
+800% +$201M
IBIT icon
15
PUT
iShares Bitcoin Trust
IBIT
$61.3B
$176M 1.3%
+5,273,700
New +$215M
AAPL icon
16
Apple
AAPL
$4.89T
$169M 1.25%
583,127
+431,560
+285% +$123M
NVDA icon
17
PUT
NVIDIA
NVDA
$5.3T
$161M 1.19%
+805,700
New +$166M
MSFT icon
18
Microsoft
MSFT
$3.66T
$156M 1.16%
418,592
-1,192,818
-74% -$483M
KRE icon
19
State Street SPDR S&P Regional Banking ETF
KRE
$4.24B
$148M 1.1%
1,978,054
+1,962,603
+12,702% +$137M
GOOGL icon
20
CALL
Alphabet (Google) Class A
GOOGL
$4.16T
$143M 1.06%
+400,000
New +$144M
NVDA icon
21
NVIDIA
NVDA
$5.3T
$132M 0.97%
657,548
-2,302,880
-78% -$473M
AMD icon
22
Advanced Micro Devices
AMD
$836B
$126M 0.94%
217,647
+208,161
+2,194% +$85.3M
MSFT icon
23
CALL
Microsoft
MSFT
$3.66T
$125M 0.92%
+333,805
New +$135M
KWEB icon
24
CALL
KraneShares CSI China Internet ETF
KWEB
$4.76B
$117M 0.86%
+4,770,000
New +$132M
PDD icon
25
CALL
Pinduoduo
PDD
$110B
$103M 0.76%
+84,600
New +$7.82M
1
2 3 4 5

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DWM
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BGC
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VIA
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Fundsmith LLP
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MSV
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PFSRSONJ
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Brevan Howard Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Brevan Howard Capital Management held 2,727 positions worth $13.5B, up 19% from $11.3B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Brevan Howard Capital Management withdrew a net $4.75B in Q2 2026, closing 697 positions and reducing 676 holdings. Its most notable exit was iShares China Large-Cap ETF, an estimated $216M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, up from 48% a quarter earlier, followed by Technology and Financials.

Against the trend, Brevan Howard Capital Management opened a new position in iShares Core S&P 500 ETF worth $898M.

  • Brevan Howard Capital Management's largest Q2 2026 buy was iShares Core S&P 500 ETF: 1,202,676 shares worth $898M.
  • Brevan Howard Capital Management added most to State Street SPDR S&P Regional Banking ETF in Q2 2026, an estimated $137M increase.
  • Brevan Howard Capital Management's biggest Q2 2026 reduction was Invesco QQQ Trust, cutting an estimated $1.02B.
  • Brevan Howard Capital Management fully exited iShares China Large-Cap ETF in Q2 2026, selling an estimated $216M.
  • Brevan Howard Capital Management's ten largest holdings make up 29% of its $13.5B portfolio in Q2 2026.
  • Brevan Howard Capital Management opened 603 new positions and closed 697 in Q2 2026.
  • Brevan Howard Capital Management's portfolio value rose 19% quarter-over-quarter to $13.5B.

Based on Brevan Howard Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.