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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
+5.55%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$3.81B
AUM Growth
+$818M
Cap. Flow
+$511M
Cap. Flow %
13.41%
Top 10 Hldgs %
78.01%
Holding
134
New
43
Increased
32
Reduced
14
Closed
16

Top Buys

Rank Stock Value
1
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$38.2M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$29.3M
3
SMH icon
VanEck Semiconductor ETF
SMH
+$9.83M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$6.09M
5
GLD icon
SPDR Gold Trust
GLD
+$5.98M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$38.2M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$12.6M
3
BABA icon
Alibaba
BABA
+$10.7M
4
XME icon
State Street SPDR S&P Metals & Mining ETF
XME
+$3.92M
5
FCG icon
First Trust Natural Gas ETF
FCG
+$3.68M

Sector Composition

Rank Sector Weight
1 Healthcare 1.53%
2 Technology 1.47%
3 Financials 0.52%
4 Communication Services 0.29%
5 Consumer Discretionary 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OIH icon
26
CALL
VanEck Oil Services ETF
OIH
$1.92B
$13.9M 0.36%
+50,000
New +$15.3M
FXI icon
27
CALL
iShares China Large-Cap ETF
FXI
$4.31B
$11.8M 0.31%
+400,000
New +$12M
ARCC icon
28
PUT
Ares Capital
ARCC
$14.4B
$9.14M 0.24%
+500,000
New +$9.45M
KRE icon
29
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
$8.77M 0.23%
+200,000
New +$11.3M
MSFT icon
30
Microsoft
MSFT
$3.71T
$7.35M 0.19%
25,500
+16,000
+168% +$4.08M
WDAY icon
31
Workday
WDAY
$44.4B
$6.92M 0.18%
33,500
+28,250
+538% +$5.14M
QQQ icon
32
Invesco QQQ Trust
QQQ
$484B
$6.63M 0.17%
+20,650
New +$6.09M
NOW icon
33
ServiceNow
NOW
$129B
$6.41M 0.17%
69,000
+46,500
+207% +$4.05M
VUG icon
34
Vanguard Morningstar Growth ETF
VUG
$231B
$6.24M 0.16%
150,000
– –
GLD icon
35
SPDR Gold Trust
GLD
$141B
$6.23M 0.16%
+34,000
New +$5.98M
TIP icon
36
CALL
iShares TIPS Bond ETF
TIP
$14.5B
$6.17M 0.16%
+56,000
New +$6.06M
XME icon
37
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
$5.85M 0.15%
110,000
-72,000
-40% -$3.92M
SNOW icon
38
Snowflake
SNOW
$115B
$5.48M 0.14%
35,500
+31,500
+788% +$4.62M
ATVI
39
DELISTED
Activision Blizzard
ATVI
$5.27M 0.14%
61,543
– –
DOCN icon
40
DigitalOcean
DOCN
$14.6B
$5.25M 0.14%
134,000
+76,000
+131% +$2.39M
IBB icon
41
iShares Biotechnology ETF
IBB
$9.77B
$5.17M 0.14%
40,000
– –
VMW
42
DELISTED
VMware, Inc
VMW
$5.14M 0.13%
41,156
– –
TRTX
43
TPG RE Finance Trust
TRTX
$618M
$5.12M 0.13%
704,738
-128,204
-15% -$1.02M
HZNP
44
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$4.91M 0.13%
+45,000
New +$4.97M
AMZN icon
45
Amazon
AMZN
$2.96T
$4.3M 0.11%
41,588
+33,607
+421% +$3.25M
XLE icon
46
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
$4.14M 0.11%
100,000
-60,000
-38% -$2.57M
SPY icon
47
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$4.09M 0.11%
10,000
-156,200
-94% -$62.3M
FWONK icon
48
Liberty Media Series C
FWONK
$25.8B
$3.85M 0.1%
53,266
+10,343
+24% +$699K
JD icon
49
JD.com
JD
$44.5B
$3.82M 0.1%
+87,114
New +$4.5M
SGFY
50
DELISTED
Signify Health, Inc.
SGFY
$3.77M 0.1%
123,719
– –
1
2
3 4 5

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Brevan Howard Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Brevan Howard Capital Management held 134 positions worth $3.81B, up 27% from $2.99B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Brevan Howard Capital Management deployed $511M of net new capital in Q1 2023, opening 43 new positions and adding to 32 existing holdings. Its largest new stake was Invesco QQQ Trust: 20,650 shares worth $6.63M.

By sector, the portfolio is most concentrated in Healthcare at 1.5% of assets, down from 1.7% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was State Street SPDR S&P Metals & Mining ETF, an estimated $3.92M trimmed.

  • Brevan Howard Capital Management's largest Q1 2023 buy was Invesco QQQ Trust: 20,650 shares worth $6.63M.
  • Brevan Howard Capital Management added most to iShares 20+ Year Treasury Bond ETF in Q1 2023, an estimated $38.2M increase.
  • Brevan Howard Capital Management's biggest Q1 2023 reduction was State Street SPDR S&P Metals & Mining ETF, cutting an estimated $3.92M.
  • Brevan Howard Capital Management fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2023, selling an estimated $38.2M.
  • Brevan Howard Capital Management's ten largest holdings make up 78% of its $3.81B portfolio in Q1 2023.
  • Brevan Howard Capital Management opened 43 new positions and closed 16 in Q1 2023.
  • Brevan Howard Capital Management's portfolio value rose 27% quarter-over-quarter to $3.81B.

Based on Brevan Howard Capital Management's 13F filing for Q1 2023, filed 15 May 2023.