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BHCM

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
COF icon
426
Capital One
COF
$134B
$2.28M 0.02%
9,396
-6,719
-42% -$1.5M
CCI icon
427
Crown Castle
CCI
$31.7B
$2.27M 0.02%
25,591
-43,058
-63% -$3.96M
VLY icon
428
Valley National Bancorp
VLY
$8.07B
$2.27M 0.02%
194,008
-18,134
-9% -$201K
EFX icon
429
Equifax
EFX
$21.4B
$2.23M 0.02%
10,270
+9,193
+854% +$2.01M
CNXC icon
430
Concentrix
CNXC
$1.56B
$2.22M 0.02%
53,359
+33,559
+169% +$1.36M
LRN icon
431
Stride
LRN
$3.42B
$2.22M 0.02%
34,145
+29,568
+646% +$2.68M
AHR icon
432
American Healthcare REIT
AHR
$10.9B
$2.21M 0.02%
46,983
+29,855
+174% +$1.38M
BJ icon
433
BJs Wholesale Club
BJ
$12.4B
$2.2M 0.02%
24,457
+11,592
+90% +$1.06M
CR icon
434
Crane Co
CR
$12.8B
$2.2M 0.02%
11,927
+3,390
+40% +$629K
ENPH icon
435
Enphase Energy
ENPH
$5.45B
$2.2M 0.02%
68,575
-27,423
-29% -$888K
JLL icon
436
Jones Lang LaSalle
JLL
$16.5B
$2.18M 0.02%
6,487
-7,856
-55% -$2.46M
UTHR icon
437
United Therapeutics
UTHR
$23.1B
$2.17M 0.02%
4,454
+1,573
+55% +$733K
NMRK icon
438
Newmark Group
NMRK
$2.6B
$2.16M 0.02%
124,570
-14,474
-10% -$254K
CAKE icon
439
Cheesecake Factory
CAKE
$5.37B
$2.16M 0.02%
42,778
+6,965
+19% +$349K
HPQ icon
440
HP
HPQ
$27.9B
$2.15M 0.02%
96,645
+41,597
+76% +$1.06M
AX icon
441
Axos Financial
AX
$5.65B
$2.15M 0.02%
+25,000
New +$2.06M
VRNS icon
442
Varonis Systems
VRNS
$5.16B
$2.14M 0.02%
65,301
+52,173
+397% +$2.19M
DNTH icon
443
Dianthus Therapeutics
DNTH
$6.07B
$2.14M 0.02%
51,700
+39,770
+333% +$1.54M
FITB
444
Fifth Third Bancorp
FITB
$51.7B
$2.12M 0.02%
45,395
-16,944
-27% -$746K
VSXY
445
Victoria's Secret
VSXY
$7.93B
$2.12M 0.02%
+39,194
New +$1.56M
ALL icon
446
Allstate
ALL
$67.6B
$2.12M 0.02%
10,178
-1,502
-13% -$307K
PB icon
447
Prosperity Bancshares
PB
$8.87B
$2.12M 0.02%
30,646
-7,648
-20% -$516K
MDGL icon
448
Madrigal Pharmaceuticals
MDGL
$11.8B
$2.12M 0.02%
3,632
+2,257
+164% +$1.15M
SNAP icon
449
Snap
SNAP
$9B
$2.11M 0.02%
262,043
+233,266
+811% +$1.85M
CEG icon
450
Constellation Energy
CEG
$96.2B
$2.11M 0.02%
5,979
-1,728
-22% -$628K
16 17
18
19 20

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DCP
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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.