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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
VOYA icon
476
Voya Financial
VOYA
$9.09B
$1.9M 0.02%
+25,457
New +$1.85M
AMT icon
477
PUT
American Tower
AMT
$78.8B
$1.9M 0.02%
10,800
– –
HTGC icon
478
Hercules Capital
HTGC
$3.21B
$1.9M 0.02%
100,713
+12,347
+14% +$223K
TOST icon
479
Toast
TOST
$20.6B
$1.89M 0.02%
53,189
-60,474
-53% -$2.18M
ILMN icon
480
Illumina
ILMN
$29B
$1.88M 0.02%
14,371
+5,723
+66% +$672K
MTZ icon
481
MasTec
MTZ
$21.5B
$1.88M 0.02%
8,649
-3,899
-31% -$818K
RGEN icon
482
Repligen
RGEN
$9.21B
$1.87M 0.02%
+11,409
New +$1.79M
LNG icon
483
Cheniere Energy
LNG
$54.9B
$1.87M 0.02%
9,610
-26,605
-73% -$5.59M
XEL icon
484
Xcel Energy
XEL
$48B
$1.86M 0.02%
25,142
+13,750
+121% +$1.08M
CDE icon
485
Coeur Mining
CDE
$18.7B
$1.86M 0.02%
104,100
+2,812
+3% +$48.9K
AMP icon
486
Ameriprise Financial
AMP
$49.2B
$1.85M 0.02%
3,775
-9,196
-71% -$4.36M
DAR icon
487
Darling Ingredients
DAR
$9.99B
$1.84M 0.02%
51,154
+19,329
+61% +$654K
ZTS icon
488
Zoetis
ZTS
$30.9B
$1.84M 0.02%
14,573
+7,723
+113% +$1.01M
ADP icon
489
Automatic Data Processing
ADP
$109B
$1.84M 0.02%
7,135
-8,570
-55% -$2.28M
MYFW icon
490
First Western Financial
MYFW
$305M
$1.83M 0.02%
+68,205
New +$1.63M
TRIN icon
491
Trinity Capital Inc.
TRIN
$1.75B
$1.82M 0.02%
124,537
+96,149
+339% +$1.43M
TW icon
492
Tradeweb Markets
TW
$21.9B
$1.82M 0.02%
16,943
-21,136
-56% -$2.27M
NVAX icon
493
Novavax
NVAX
$1.3B
$1.82M 0.02%
+271,099
New +$2.04M
BOX icon
494
Box
BOX
$4.65B
$1.82M 0.02%
60,787
+11,932
+24% +$374K
BGC icon
495
BGC Group
BGC
$4.86B
$1.81M 0.02%
203,009
-40,060
-16% -$361K
CVSA
496
Covista Inc
CVSA
$4.38B
$1.8M 0.02%
17,398
+14,940
+608% +$1.71M
CHRW icon
497
C.H. Robinson
CHRW
$17.3B
$1.79M 0.02%
11,152
-29,943
-73% -$4.42M
SOLV icon
498
Solventum
SOLV
$14.5B
$1.78M 0.02%
22,496
+19,049
+553% +$1.46M
ALNY icon
499
Alnylam Pharmaceuticals
ALNY
$29B
$1.76M 0.02%
4,437
-1,733
-28% -$767K
ANIP icon
500
ANI Pharmaceuticals
ANIP
$1.72B
$1.76M 0.02%
22,237
+10,037
+82% +$869K
18 19
20
21 22

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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.