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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
LMT icon
276
Lockheed Martin
LMT
$136B
$3.81M 0.04%
7,877
-11,231
-59% -$5.37M
VLO icon
277
Valero Energy
VLO
$85.9B
$3.81M 0.04%
23,383
+6,084
+35% +$1.03M
NTRS icon
278
Northern Trust
NTRS
$33.9B
$3.79M 0.04%
27,773
+2,400
+9% +$315K
MSFT icon
279
PUT
Microsoft
MSFT
$3.71T
$3.77M 0.04%
7,800
-119,600
-94% -$59.9M
BWA icon
280
BorgWarner
BWA
$13.9B
$3.77M 0.04%
83,698
-15,264
-15% -$669K
VST icon
281
Vistra
VST
$47.4B
$3.75M 0.04%
23,163
-26,983
-54% -$4.91M
BKR icon
282
Baker Hughes
BKR
$61.1B
$3.72M 0.04%
81,693
+68,278
+509% +$3.24M
OCUL icon
283
Ocular Therapeutix
OCUL
$2.02B
$3.71M 0.04%
305,815
+195,870
+178% +$2.38M
AMD icon
284
Advanced Micro Devices
AMD
$789B
$3.71M 0.04%
17,334
-54,156
-76% -$12.2M
BBAR icon
285
BBVA Argentina
BBAR
$3.49B
$3.7M 0.04%
204,133
+118,353
+138% +$1.7M
INVH icon
286
Invitation Homes
INVH
$18B
$3.68M 0.04%
132,462
+119,233
+901% +$3.33M
CMI icon
287
CALL
Cummins
CMI
$88.7B
$3.68M 0.04%
+7,200
New +$3.37M
CORZ icon
288
PUT
Core Scientific
CORZ
$6.75B
$3.64M 0.04%
+250,000
New +$4.36M
GL icon
289
Globe Life
GL
$14.3B
$3.64M 0.04%
26,008
+2,961
+13% +$401K
CPNG icon
290
Coupang
CPNG
$29.2B
$3.63M 0.04%
153,972
-152,798
-50% -$4.35M
EXAS
291
DELISTED
Exact Sciences
EXAS
$3.62M 0.04%
+35,637
New +$2.86M
CCL icon
292
Carnival Corporation Ltd
CCL
$39.7B
$3.6M 0.04%
117,924
-82,312
-41% -$2.3M
AL
293
DELISTED
Air Lease Corp
AL
$3.6M 0.04%
56,064
+12,397
+28% +$791K
BKNG icon
294
Booking.com
BKNG
$161B
$3.48M 0.04%
16,250
+10,250
+171% +$2.11M
LDOS icon
295
Leidos
LDOS
$17.3B
$3.47M 0.04%
19,240
-18,639
-49% -$3.53M
DUOL icon
296
Duolingo
DUOL
$6.12B
$3.44M 0.04%
+19,574
New +$4.61M
M icon
297
CALL
Macy's
M
$6.68B
$3.42M 0.04%
+155,100
New +$3.18M
DXCM icon
298
DexCom
DXCM
$32B
$3.42M 0.04%
51,508
+24,977
+94% +$1.61M
DPZ icon
299
Domino's
DPZ
$11.6B
$3.39M 0.04%
8,139
+56
+0.7% +$23.3K
DINO icon
300
HF Sinclair
DINO
$14.5B
$3.38M 0.04%
73,251
-2,474
-3% -$128K
10 11
12
13 14

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VLKIM
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SoftBank Group
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ERSOT
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GIM
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DWM
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MIFH
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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.