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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
+11.99%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$22.4B
AUM Growth
+$5.13B
Cap. Flow
+$1.14B
Cap. Flow %
5.09%
Top 10 Hldgs %
58.5%
Holding
2,355
New
540
Increased
504
Reduced
836
Closed
452

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$98.9M
2
NVDA icon
NVIDIA
NVDA
+$92.7M
3
MSFT icon
Microsoft
MSFT
+$59.2M
4
AAPL icon
Apple
AAPL
+$46.8M
5
TSLA icon
Tesla
TSLA
+$31.8M

Top Sells

Rank Stock Value
1
IVVB icon
iShares Large Cap Deep Quarterly Laddered ETF
IVVB
+$461M
2
PLTR icon
Palantir
PLTR
+$138M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$117M
4
APP icon
Applovin
APP
+$92.3M
5
AMZN icon
Amazon
AMZN
+$78.9M

Sector Composition

Rank Sector Weight
1 Technology 4.39%
2 Financials 2.87%
3 Communication Services 2.77%
4 Industrials 2.15%
5 Consumer Discretionary 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
26
Meta Platforms (Facebook)
META
$1.51T
$142M 0.64%
193,944
+132,838
+217% +$98.9M
SPY icon
27
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$133M 0.59%
200,000
-120,000
-38% -$76.9M
IBIT icon
28
PUT
iShares Bitcoin Trust
IBIT
$47.8B
$130M 0.58%
2,000,000
+1,600,000
+400% +$104M
NVDA icon
29
NVIDIA
NVDA
$5.42T
$112M 0.5%
602,172
+531,792
+756% +$92.7M
GOOG icon
30
Alphabet (Google) Class C
GOOG
$4.32T
$106M 0.48%
437,044
+108,115
+33% +$22.7M
AAPL icon
31
Apple
AAPL
$4.57T
$98.4M 0.44%
386,334
+207,232
+116% +$46.8M
TSLA icon
32
CALL
Tesla
TSLA
$1.3T
$95.6M 0.43%
215,000
+196,100
+1,038% +$68M
TLT icon
33
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
$89.4M 0.4%
1,000,000
– –
TLT icon
34
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$41.7B
$89.4M 0.4%
+1,000,000
New +$87.5M
IWM icon
35
CALL
iShares Russell 2000 ETF
IWM
$83B
$72.6M 0.32%
+300,000
New +$68.8M
MSFT icon
36
PUT
Microsoft
MSFT
$3.71T
$66M 0.29%
127,400
-122,400
-49% -$62.4M
BABA icon
37
CALL
Alibaba
BABA
$308B
$63.4M 0.28%
+355,000
New +$46.5M
NVDA icon
38
CALL
NVIDIA
NVDA
$5.42T
$60.6M 0.27%
324,875
+141,500
+77% +$24.7M
BABA icon
39
PUT
Alibaba
BABA
$308B
$52.7M 0.24%
+295,000
New +$38.7M
GOOGL icon
40
PUT
Alphabet (Google) Class A
GOOGL
$4.33T
$48.6M 0.22%
+200,000
New +$41.9M
TSLA icon
41
Tesla
TSLA
$1.3T
$46.6M 0.21%
104,691
+91,715
+707% +$31.8M
XLE icon
42
CALL
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
$44.7M 0.2%
1,000,000
+409,600
+69% +$17.9M
LMT icon
43
CALL
Lockheed Martin
LMT
$136B
$42.4M 0.19%
+85,000
New +$38.6M
INSM icon
44
Insmed
INSM
$28.6B
$42.3M 0.19%
294,047
+91,453
+45% +$11.2M
FIX icon
45
Comfort Systems
FIX
$59.6B
$39.7M 0.18%
48,062
+31,503
+190% +$21.4M
AMZN icon
46
CALL
Amazon
AMZN
$2.96T
$39.5M 0.18%
180,000
-4,290,000
-96% -$971M
JPM icon
47
JPMorgan Chase
JPM
$950B
$37.8M 0.17%
119,793
-18,228
-13% -$5.42M
ALAB icon
48
Astera Labs
ALAB
$58B
$36.6M 0.16%
186,984
+112,518
+151% +$18.5M
NEM icon
49
Newmont
NEM
$119B
$35.7M 0.16%
423,603
+262,269
+163% +$18.3M
GLD icon
50
SPDR Gold Trust
GLD
$141B
$33.1M 0.15%
+93,000
New +$29.6M
1
2
3 4 5

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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 Q3 2025 Portfolio in Review

As of Q3 2025, Brevan Howard Capital Management held 2,355 positions worth $22.4B, up 30% from $17.3B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Brevan Howard Capital Management deployed $1.14B of net new capital in Q3 2025, opening 540 new positions and adding to 504 existing holdings. Its largest new stake was SPDR Gold Trust: 93,000 shares worth $33.1M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, down from 6.5% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was Palantir, an estimated $138M trimmed.

  • Brevan Howard Capital Management's largest Q3 2025 buy was SPDR Gold Trust: 93,000 shares worth $33.1M.
  • Brevan Howard Capital Management added most to Meta Platforms (Facebook) in Q3 2025, an estimated $98.9M increase.
  • Brevan Howard Capital Management's biggest Q3 2025 reduction was Palantir, cutting an estimated $138M.
  • Brevan Howard Capital Management fully exited iShares Large Cap Deep Quarterly Laddered ETF in Q3 2025, selling an estimated $461M.
  • Brevan Howard Capital Management's ten largest holdings make up 59% of its $22.4B portfolio in Q3 2025.
  • Brevan Howard Capital Management opened 540 new positions and closed 452 in Q3 2025.
  • Brevan Howard Capital Management's portfolio value rose 30% quarter-over-quarter to $22.4B.

Based on Brevan Howard Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.