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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
+5.12%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$632M
Cap. Flow
-$638M
Cap. Flow %
-462.25%
Top 10 Hldgs %
89.85%
Holding
49
New
13
Increased
1
Reduced
3
Closed
29

Top Buys

Rank Stock Value
1
VALE icon
Vale
VALE
+$10.6M
2
URA icon
Global X Uranium ETF
URA
+$5.15M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$3.9M
4
SCHF icon
Schwab International Equity ETF
SCHF
+$2.69M
5
SCZ icon
iShares MSCI EAFE Small-Cap ETF
SCZ
+$2.49M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$35.8M
2
BIDU icon
Baidu
BIDU
+$9.04M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$7.56M
4
NET icon
Cloudflare
NET
+$5.79M
5
FSR
Fisker Inc.
FSR
+$3.86M

Sector Composition

Rank Sector Weight
1 Financials 17.21%
2 Communication Services 12.63%
3 Materials 8.13%
4 Technology 1.43%
5 Industrials 1.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSLY icon
26
Fastly Inc
FSLY
$3.66B
– –
-50,071
Closed -$2.02M
HYG icon
27
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
– –
-4,000,000
Closed -$350M
IWM icon
28
CALL
iShares Russell 2000 ETF
IWM
$83B
– –
-150,000
Closed -$32.8M
KOPN icon
29
Kopin
KOPN
$791M
– –
-347,334
Closed -$1.78M
LQD icon
30
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
– –
-411,200
Closed -$54.7M
MTLS
31
Materialise
MTLS
$396M
– –
-20,250
Closed -$407K
NET icon
32
Cloudflare
NET
$107B
– –
-51,390
Closed -$5.79M
NNOX icon
33
Nano X Imaging
NNOX
$73.8M
– –
-25,560
Closed -$575K
PBW icon
34
Invesco WilderHill Clean Energy ETF
PBW
$429M
– –
-26,330
Closed -$2.03M
PRLB icon
35
Protolabs
PRLB
$2.13B
– –
-5,940
Closed -$396K
QQQ icon
36
Invesco QQQ Trust
QQQ
$484B
– –
-100,000
Closed -$35.8M
QQQ icon
37
PUT
Invesco QQQ Trust
QQQ
$484B
– –
-200,000
Closed -$71.6M
SSYS icon
38
Stratasys
SSYS
$774M
– –
-31,590
Closed -$680K
TWST icon
39
Twist Bioscience
TWST
$7.25B
– –
-20,439
Closed -$2.19M
U icon
40
Unity
U
$18.9B
– –
-9,180
Closed -$1.16M
USO icon
41
CALL
United States Oil Fund
USO
$1.84B
– –
-300,000
Closed -$15.8M
VERI icon
42
Veritone
VERI
$122M
– –
-32,927
Closed -$787K
XLF icon
43
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
– –
-400,000
Closed -$15M
DM
44
DELISTED
Desktop Metal, Inc.
DM
– –
-11,867
Closed -$851K
FSR
45
DELISTED
Fisker Inc.
FSR
– –
-263,300
Closed -$3.86M
NVTA
46
DELISTED
Invitae Corporation
NVTA
– –
-59,238
Closed -$1.68M
EMAN
47
DELISTED
eMagin Corporation
EMAN
– –
-755,511
Closed -$1.71M
TPGY
48
DELISTED
TPG Pace Beneficial Finance Corp.
TPGY
– –
-88,535
Closed -$934K
XONE
49
DELISTED
The ExOne Company
XONE
– –
-53,460
Closed -$1.25M
1
2

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Brevan Howard Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Brevan Howard Capital Management held 49 positions worth $138M, down 82% from $770M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Brevan Howard Capital Management withdrew a net $638M in Q4 2021, closing 29 positions and reducing 3 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $35.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 2.7% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Brevan Howard Capital Management opened a new position in Vale worth $11.2M.

  • Brevan Howard Capital Management's largest Q4 2021 buy was Vale: 800,000 shares worth $11.2M.
  • Brevan Howard Capital Management added most to Global X Uranium ETF in Q4 2021, an estimated $5.15M increase.
  • Brevan Howard Capital Management's biggest Q4 2021 reduction was Baidu, cutting an estimated $9.04M.
  • Brevan Howard Capital Management fully exited Invesco QQQ Trust in Q4 2021, selling an estimated $35.8M.
  • Brevan Howard Capital Management's ten largest holdings make up 90% of its $138M portfolio in Q4 2021.
  • Brevan Howard Capital Management opened 13 new positions and closed 29 in Q4 2021.
  • Brevan Howard Capital Management's portfolio value fell 82% quarter-over-quarter to $138M.

Based on Brevan Howard Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.