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Brevan Howard Capital Management Portfolio holdings
AUM
$13.5B
Turnover
47.67%
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
(+19%)
Cap. Flow
-$4.75B
Cap. Flow % of AUM
Cap. Flow %
-35.17%
Top 10 Holdings %
Top 10 Hldgs %
28.94%
Holding
2,727
New
603
Increased
718
Reduced
676
Closed
697
Avg Time Held
Equity + Options
0.6
years
Top 10 Avg Time Held
Equity + Options
0.1
years
Top 20 Avg Time Held
Equity + Options
0.1
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$876M |
| 2 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$137M |
| 3 |
Apple
AAPL
|
+$123M |
| 4 |
Advanced Micro Devices
AMD
|
+$85.3M |
| 5 |
Amazon
AMZN
|
+$69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.02B |
| 2 |
iShares Bitcoin Trust
IBIT
|
+$696M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$494M |
| 4 |
Microsoft
MSFT
|
+$483M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$880B
| $898M | 6.65% |
+1,202,676
| New | +$876M |
2026 Q2
0 quarters
|
|
|
2
CALL
Invesco QQQ Trust
QQQ
$481B
| $491M | 3.64% |
+667,200
| New | +$459M |
2026 Q2
0 quarters
|
|
3
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$48.1B
| $461M | 3.41% |
+5,335,000
| New | +$458M |
2026 Q2
0 quarters
|
|
|
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $400M | 2.96% |
+5,000,000
| New | +$400M |
2026 Q2
0 quarters
|
|
|
5
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$48.1B
| $331M | 2.45% |
3,835,000
+585,000
| +18% | +$50.2M |
2025 Q2
4 quarters
|
|
6
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.6B
| $306M | 2.27% |
2,805,000
+55,000
| +2% | +$5.99M |
2025 Q2
4 quarters
|
|
7
PUT
Tesla
TSLA
$1.55T
| $264M | 1.95% |
+626,800
| New | +$249M |
2026 Q2
0 quarters
|
|
|
8
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.35B
| $263M | 1.95% |
+3,515,700
| New | +$246M |
2026 Q2
0 quarters
|
|
|
9
CALL
Tesla
TSLA
$1.55T
| $254M | 1.88% |
+603,400
| New | +$240M |
2026 Q2
0 quarters
|
|
|
10
CALL
iShares Bitcoin Trust
IBIT
$65B
| $241M | 1.78% |
+7,230,000
| New | +$294M |
2026 Q2
0 quarters
|
|
|
11
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.6B
| $240M | 1.78% |
+2,200,000
| New | +$240M |
2026 Q2
0 quarters
|
|
|
12
iShares Bitcoin Trust
IBIT
$65B
| $240M | 1.78% |
7,205,004
-17,099,784
| -70% | -$696M |
2024 Q4
6 quarters
|
|
|
13
CALL
NVIDIA
NVDA
$5.22T
| $215M | 1.59% |
+1,074,175
| New | +$221M |
2026 Q2
0 quarters
|
|
|
14
CALL
Amazon
AMZN
$2.69T
| $215M | 1.59% |
900,000
+800,000
| +800% | +$201M |
2026 Q1
1 quarter
|
|
|
15
PUT
iShares Bitcoin Trust
IBIT
$65B
| $176M | 1.3% |
+5,273,700
| New | +$215M |
2026 Q2
0 quarters
|
|
|
16
Apple
AAPL
$5.02T
| $169M | 1.25% |
583,127
+431,560
| +285% | +$123M |
2024 Q4
6 quarters
|
|
|
17
PUT
NVIDIA
NVDA
$5.22T
| $161M | 1.19% |
+805,700
| New | +$166M |
2026 Q2
0 quarters
|
|
|
18
Microsoft
MSFT
$3.95T
| $156M | 1.16% |
418,592
-1,192,818
| -74% | -$483M |
2024 Q3
7 quarters
|
|
|
19
State Street SPDR S&P Regional Banking ETF
KRE
$4.35B
| $148M | 1.1% |
1,978,054
+1,962,603
| +12,702% | +$137M |
2025 Q3
3 quarters
|
|
20
CALL
Alphabet (Google) Class A
GOOGL
$3.87T
| $143M | 1.06% |
+400,000
| New | +$144M |
2026 Q2
0 quarters
|
|
|
21
NVIDIA
NVDA
$5.22T
| $132M | 0.97% |
657,548
-2,302,880
| -78% | -$473M |
2024 Q3
7 quarters
|
|
|
22
Advanced Micro Devices
AMD
$867B
| $126M | 0.94% |
217,647
+208,161
| +2,194% | +$85.3M |
2025 Q2
4 quarters
|
|
|
23
CALL
Microsoft
MSFT
$3.95T
| $125M | 0.92% |
+333,805
| New | +$135M |
2026 Q2
0 quarters
|
|
24
CALL
KraneShares CSI China Internet ETF
KWEB
$4.31B
| $117M | 0.86% |
+4,770,000
| New | +$132M |
2026 Q2
0 quarters
|
|
25
CALL
Pinduoduo
PDD
$111B
| $103M | 0.76% |
+84,600
| New | +$7.82M |
2026 Q2
0 quarters
|
|
Similar funds
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.