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Brevan Howard Capital Management Portfolio holdings

AUM $11.3B
1-Year Est. Return 35.84%
This Fund
S&P 500
This Quarter Est. Return
+6.05%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$9.16B
AUM Growth
-$13.2B
Cap. Flow
-$10.8B
Cap. Flow %
-117.92%
Top 10 Hldgs %
34.38%
Holding
2,371
New
451
Increased
532
Reduced
695
Closed
657

Top Buys

Rank Stock Value
1
FTKI
First Trust Small Cap BuyWrite Income ETF
FTKI
+$1.07B
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$111M
3
WMT icon
Walmart Inc
WMT
+$84M
4
ORCL icon
Oracle
ORCL
+$58.3M
5
AVGO icon
Broadcom
AVGO
+$57.4M

Top Sells

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$1.77B
2
MSFT icon
Microsoft
MSFT
+$184M
3
META icon
Meta Platforms (Facebook)
META
+$128M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$68.8M
5
FIX icon
Comfort Systems
FIX
+$42.8M

Sector Composition

Rank Sector Weight
1 Technology 8.09%
2 Financials 7.11%
3 Healthcare 5.24%
4 Communication Services 5.21%
5 Consumer Discretionary 4.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTD icon
251
Mettler-Toledo International
MTD
$28.6B
$4.23M 0.05%
3,036
+2,487
+453% +$3.47M
EIX icon
252
Edison International
EIX
$26.4B
$4.23M 0.05%
70,472
-66,341
-48% -$3.81M
AMAT icon
253
Applied Materials
AMAT
$428B
$4.23M 0.05%
16,442
+8,977
+120% +$2.15M
CORZ icon
254
Core Scientific
CORZ
$6.75B
$4.21M 0.05%
288,929
+271,431
+1,551% +$4.73M
DOW icon
255
Dow Inc
DOW
$21.2B
$4.2M 0.05%
179,798
+43,063
+31% +$990K
DD icon
256
DuPont de Nemours
DD
$19.2B
$4.13M 0.05%
34,207
-9,920
-22% -$1.12M
FNB icon
257
FNB Corp
FNB
$6.75B
$4.12M 0.05%
241,024
+129
+0.1% +$2.11K
EQX icon
258
Equinox Gold
EQX
$13.5B
$4.12M 0.04%
292,928
+274,903
+1,525% +$3.47M
COIN icon
259
PUT
Coinbase
COIN
$40.5B
$4.07M 0.04%
18,000
+9,000
+100% +$2.68M
NLY icon
260
Annaly Capital Management
NLY
$17.4B
$4.05M 0.04%
180,704
-94,780
-34% -$2.06M
SHW icon
261
Sherwin-Williams
SHW
$89.8B
$4.01M 0.04%
+12,363
New +$4.14M
NOC icon
262
Northrop Grumman
NOC
$81.2B
$4M 0.04%
7,007
-2,554
-27% -$1.48M
TAN icon
263
CALL
Invesco Solar ETF
TAN
$1.38B
$3.98M 0.04%
+81,000
New +$3.9M
CNR
264
Core Natural Resources Inc
CNR
$4.45B
$3.97M 0.04%
+44,830
New +$3.82M
ARKK icon
265
CALL
ARK Innovation ETF
ARKK
$6.29B
$3.95M 0.04%
51,400
-37,800
-42% -$3.13M
SNOW icon
266
Snowflake
SNOW
$115B
$3.94M 0.04%
17,965
+10,230
+132% +$2.5M
IWM icon
267
PUT
iShares Russell 2000 ETF
IWM
$81.9B
$3.94M 0.04%
+16,000
New +$3.93M
PEG icon
268
Public Service Enterprise Group
PEG
$37.7B
$3.93M 0.04%
48,967
+40,865
+504% +$3.33M
VICI icon
269
VICI Properties
VICI
$29.4B
$3.93M 0.04%
139,699
+22,882
+20% +$680K
WU icon
270
Western Union
WU
$2.21B
$3.93M 0.04%
421,755
+213,872
+103% +$1.89M
ACLX
271
DELISTED
Arcellx
ACLX
$3.92M 0.04%
60,178
+56,373
+1,482% +$4.5M
IRON icon
272
Disc Medicine
IRON
$2.97B
$3.89M 0.04%
+49,713
New +$4.2M
JD icon
273
CALL
JD.com
JD
$44.5B
$3.88M 0.04%
135,300
– –
RGTI icon
274
CALL
Rigetti Computing
RGTI
$5.99B
$3.87M 0.04%
174,600
+114,600
+191% +$3.74M
TTWO icon
275
Take-Two Interactive
TTWO
$46.1B
$3.83M 0.04%
14,951
+1,992
+15% +$497K
9 10
11
12 13

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Brevan Howard Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Brevan Howard Capital Management held 2,371 positions worth $9.16B, down 59% from $22.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Brevan Howard Capital Management withdrew a net $10.8B in Q4 2025, closing 657 positions and reducing 695 holdings. Its most notable exit was Insmed, an estimated $42.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 4.4% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Brevan Howard Capital Management opened a new position in First Trust Small Cap BuyWrite Income ETF worth $452M.

  • Brevan Howard Capital Management's largest Q4 2025 buy was First Trust Small Cap BuyWrite Income ETF: 57,081,120 shares worth $452M.
  • Brevan Howard Capital Management added most to Walmart Inc in Q4 2025, an estimated $84M increase.
  • Brevan Howard Capital Management's biggest Q4 2025 reduction was iShares Bitcoin Trust, cutting an estimated $1.77B.
  • Brevan Howard Capital Management fully exited Insmed in Q4 2025, selling an estimated $42.3M.
  • Brevan Howard Capital Management's ten largest holdings make up 34% of its $9.16B portfolio in Q4 2025.
  • Brevan Howard Capital Management opened 451 new positions and closed 657 in Q4 2025.
  • Brevan Howard Capital Management's portfolio value fell 59% quarter-over-quarter to $9.16B.

Based on Brevan Howard Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.