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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
IFF icon
451
International Flavors & Fragrances
IFF
$21.5B
$2.11M 0.02%
31,312
-7,969
-20% -$516K
WMG icon
452
Warner Music
WMG
$13.9B
$2.1M 0.02%
68,395
+26,269
+62% +$802K
ARW icon
453
Arrow Electronics
ARW
$10.3B
$2.09M 0.02%
19,012
+16,903
+801% +$1.92M
EQR icon
454
Equity Residential
EQR
$24.7B
$2.09M 0.02%
33,096
-9,289
-22% -$570K
CAG icon
455
Conagra Brands
CAG
$7.13B
$2.08M 0.02%
120,195
-23,963
-17% -$426K
DGX icon
456
Quest Diagnostics
DGX
$26.2B
$2.07M 0.02%
11,924
+10,293
+631% +$1.87M
TXNM
457
TXNM Energy Inc
TXNM
$5.92B
$2.04M 0.02%
34,661
-23,698
-41% -$1.37M
VKTX icon
458
Viking Therapeutics
VKTX
$4.05B
$2.04M 0.02%
+57,947
New +$2.05M
UNP icon
459
Union Pacific
UNP
$174B
$2.04M 0.02%
8,809
-34,776
-80% -$7.94M
COIN icon
460
CALL
Coinbase
COIN
$39.3B
$2.04M 0.02%
9,000
-1,045,000
-99% -$311M
AR icon
461
Antero Resources
AR
$11.2B
$2.03M 0.02%
59,428
-66,906
-53% -$2.27M
AOS icon
462
A.O. Smith
AOS
$8.5B
$2M 0.02%
29,866
+5,800
+24% +$392K
CALX icon
463
Calix
CALX
$2.45B
$2M 0.02%
37,697
+11,442
+44% +$666K
CLF icon
464
Cleveland-Cliffs
CLF
$7.11B
$1.97M 0.02%
148,309
+18,321
+14% +$231K
BRKR icon
465
Bruker
BRKR
$8.53B
$1.96M 0.02%
41,629
-37,028
-47% -$1.56M
XYL icon
466
Xylem
XYL
$28.6B
$1.94M 0.02%
14,264
+7,170
+101% +$1.03M
HOG icon
467
Harley-Davidson
HOG
$2.68B
$1.94M 0.02%
94,705
-24,834
-21% -$610K
PPL
468
PPL Corp
PPL
$26.3B
$1.93M 0.02%
55,168
+44,736
+429% +$1.61M
CIEN icon
469
Ciena
CIEN
$56.4B
$1.93M 0.02%
8,240
-129,487
-94% -$25.1M
RNG icon
470
RingCentral
RNG
$5.38B
$1.93M 0.02%
66,704
+54,685
+455% +$1.56M
SONO icon
471
Sonos
SONO
$1.87B
$1.91M 0.02%
108,849
-6,883
-6% -$120K
RIVN icon
472
Rivian
RIVN
$23.2B
$1.91M 0.02%
96,772
-214,937
-69% -$3.41M
EQH icon
473
Equitable Holdings
EQH
$14.5B
$1.9M 0.02%
39,963
+15,370
+62% +$729K
KMB icon
474
Kimberly-Clark
KMB
$36.1B
$1.9M 0.02%
18,835
+3,056
+19% +$334K
CPRT icon
475
Copart
CPRT
$27.2B
$1.9M 0.02%
48,461
+15,751
+48% +$653K
17 18
19
20 21

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ERSOT
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GIM
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DWM
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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.