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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
KWEB icon
751
KraneShares CSI China Internet ETF
KWEB
$5.76B
$987K 0.01%
+29,000
New +$1.12M
TXRH icon
752
Texas Roadhouse
TXRH
$13.6B
$986K 0.01%
+5,938
New +$1M
NUE icon
753
Nucor
NUE
$62.5B
$985K 0.01%
6,041
-10,165
-63% -$1.53M
LNTH icon
754
Lantheus
LNTH
$6.59B
$981K 0.01%
14,747
-25,000
-63% -$1.45M
GFF icon
755
Griffon
GFF
$4.75B
$979K 0.01%
13,297
+1,831
+16% +$136K
CART icon
756
Maplebear
CART
$11.7B
$979K 0.01%
21,761
-34,180
-61% -$1.4M
TEX icon
757
Terex
TEX
$7.58B
$972K 0.01%
+18,216
New +$920K
FLNC icon
758
Fluence Energy
FLNC
$2.34B
$971K 0.01%
49,093
+25,091
+105% +$473K
GRAL
759
GRAIL Inc
GRAL
$3.34B
$969K 0.01%
11,320
+6,417
+131% +$554K
BDN
760
Brandywine Realty Trust
BDN
$530M
$967K 0.01%
331,192
+197,341
+147% +$671K
BF.B icon
761
Brown-Forman Class B
BF.B
$12.9B
$965K 0.01%
37,040
-59,535
-62% -$1.68M
MANH icon
762
Manhattan Associates
MANH
$11.4B
$965K 0.01%
5,566
-9,343
-63% -$1.71M
ATI icon
763
ATI
ATI
$31.1B
$964K 0.01%
8,403
+735
+10% +$71.6K
AEP icon
764
American Electric Power
AEP
$66.9B
$964K 0.01%
8,361
-26,397
-76% -$3.12M
EXPE icon
765
Expedia Group
EXPE
$37.7B
$964K 0.01%
3,403
-4,290
-56% -$1.06M
SG icon
766
Sweetgreen
SG
$649M
$964K 0.01%
142,538
+72,443
+103% +$498K
CMTG icon
767
Claros Mortgage Trust
CMTG
$250M
$958K 0.01%
+312,649
New +$1.02M
PODD icon
768
Insulet
PODD
$9.91B
$956K 0.01%
3,362
+267
+9% +$83.5K
KALV
769
DELISTED
KalVista Pharmaceuticals
KALV
$955K 0.01%
59,147
+3,269
+6% +$43.3K
FLO icon
770
Flowers Foods
FLO
$1.51B
$954K 0.01%
87,647
-24,602
-22% -$286K
TECH icon
771
Bio-Techne
TECH
$11.2B
$952K 0.01%
16,182
-8,146
-33% -$495K
UAA icon
772
Under Armour
UAA
$2.52B
$949K 0.01%
190,909
+18,362
+11% +$85K
SEI
773
Solaris Energy Infrastructure
SEI
$3.86B
$947K 0.01%
20,603
-23,279
-53% -$1.13M
MDLZ icon
774
Mondelez International
MDLZ
$78.5B
$946K 0.01%
17,582
+13,320
+313% +$767K
TMDX icon
775
Transmedics
TMDX
$3.07B
$944K 0.01%
7,761
-9,719
-56% -$1.22M
29 30
31
32 33

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VLKIM
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ERSOT
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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.