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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
MP icon
851
MP Materials
MP
$9.76B
$802K 0.01%
15,873
-22,642
-59% -$1.44M
LCII icon
852
LCI Industries
LCII
$2.59B
$798K 0.01%
6,575
+1,755
+36% +$187K
SDGR icon
853
Schrodinger
SDGR
$1.43B
$797K 0.01%
44,592
+15,182
+52% +$288K
ENVA icon
854
Enova International
ENVA
$6.37B
$793K 0.01%
5,000
+2,038
+69% +$265K
ATRC icon
855
AtriCure
ATRC
$2.13B
$790K 0.01%
19,978
+6,371
+47% +$234K
CRMD icon
856
CorMedix
CRMD
$578M
$789K 0.01%
67,834
-78,655
-54% -$870K
WINA icon
857
Winmark
WINA
$1.35B
$786K 0.01%
1,942
+1,461
+304% +$625K
ITRI icon
858
Itron
ITRI
$4.55B
$786K 0.01%
8,465
-2,879
-25% -$314K
BTG icon
859
B2Gold
BTG
$6.7B
$783K 0.01%
173,556
-113,288
-39% -$528K
AMR icon
860
Alpha Metallurgical Resources
AMR
$1.94B
$781K 0.01%
+3,906
New +$675K
PRVA icon
861
Privia Health
PRVA
$2.82B
$779K 0.01%
+32,835
New +$799K
FRMI
862
Fermi Inc
FRMI
$4.6B
$778K 0.01%
+96,300
New +$1.88M
SMPL icon
863
Simply Good Foods
SMPL
$957M
$778K 0.01%
38,737
-28,898
-43% -$601K
MKTX icon
864
MarketAxess Holdings
MKTX
$5.72B
$777K 0.01%
4,288
-29,654
-87% -$5.06M
DEI icon
865
Douglas Emmett
DEI
$1.93B
$774K 0.01%
70,394
+24,100
+52% +$302K
WD icon
866
Walker & Dunlop
WD
$1.5B
$771K 0.01%
+12,812
New +$909K
BSY icon
867
Bentley Systems
BSY
$10.6B
$771K 0.01%
20,192
+13,834
+218% +$630K
WLDN icon
868
Willdan Group
WLDN
$1.28B
$767K 0.01%
7,403
+3,705
+100% +$365K
CFR icon
869
Cullen/Frost Bankers
CFR
$10.3B
$763K 0.01%
6,025
-11,050
-65% -$1.39M
BBAI icon
870
BigBear.ai
BBAI
$1.57B
$757K 0.01%
140,188
-42,698
-23% -$279K
FNF icon
871
Fidelity National Financial
FNF
$12.9B
$756K 0.01%
13,855
-4,906
-26% -$279K
CBSH icon
872
Commerce Bancshares
CBSH
$8.47B
$755K 0.01%
14,428
+8,993
+165% +$470K
SOLS
873
Solstice Advanced Materials
SOLS
$9.72B
$753K 0.01%
+15,500
New +$730K
PHR icon
874
Phreesia
PHR
$776M
$751K 0.01%
44,414
+7,324
+20% +$151K
CWH icon
875
Camping World
CWH
$653M
$751K 0.01%
+77,226
New +$956K
33 34
35
36 37

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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.