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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
+16.12%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$17.3B
AUM Growth
+$6.88B
Cap. Flow
+$6.5B
Cap. Flow %
37.62%
Top 10 Hldgs %
46.83%
Holding
2,057
New
934
Increased
622
Reduced
249
Closed
240

Top Buys

Rank Stock Value
1
IVVB icon
iShares Large Cap Deep Quarterly Laddered ETF
IVVB
+$1.81B
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$893M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$144M
4
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$111M
5
AMZN icon
Amazon
AMZN
+$89.6M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$189M
2
NVDA icon
NVIDIA
NVDA
+$73.1M
3
PFE icon
Pfizer
PFE
+$48.6M
4
BLK icon
Blackrock
BLK
+$41.2M
5
AAPL icon
Apple
AAPL
+$37.7M

Sector Composition

Rank Sector Weight
1 Technology 6.5%
2 Financials 6.1%
3 Industrials 4.6%
4 Consumer Discretionary 3.96%
5 Communication Services 3.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
76
UnitedHealth
UNH
$370B
$23.9M 0.14%
76,575
+69,877
+1,043% +$26.7M
WMB icon
77
Williams Companies
WMB
$86.1B
$23.5M 0.14%
374,202
+366,843
+4,985% +$21.7M
CI icon
78
Cigna
CI
$74.6B
$22.9M 0.13%
69,373
+46,934
+209% +$15.1M
KBE icon
79
CALL
State Street SPDR S&P Bank ETF
KBE
$1.66B
$22.3M 0.13%
400,000
-100,000
-20% -$5.21M
APO icon
80
Apollo Global Management
APO
$73.4B
$22.2M 0.13%
155,602
+142,842
+1,119% +$18.9M
QCOM icon
81
Qualcomm
QCOM
$176B
$22.2M 0.13%
140,237
+102,719
+274% +$15.1M
XLK icon
82
CALL
State Street Technology Select Sector SPDR ETF
XLK
$124B
$22.1M 0.13%
174,600
-555,400
-76% -$61.6M
ADBE icon
83
Adobe
ADBE
$105B
$21.8M 0.13%
56,388
+40,741
+260% +$15.7M
JNJ icon
84
Johnson & Johnson
JNJ
$625B
$21.6M 0.13%
141,719
+77,694
+121% +$11.9M
TJX icon
85
TJX Companies
TJX
$178B
$21.6M 0.13%
174,789
+125,019
+251% +$15.9M
XLP icon
86
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
$21.5M 0.12%
265,431
+227,746
+604% +$18.5M
BKNG icon
87
Booking.com
BKNG
$161B
$21.4M 0.12%
92,575
+82,275
+799% +$16.8M
INSM icon
88
Insmed
INSM
$28.6B
$20.4M 0.12%
+202,594
New +$15.5M
C icon
89
Citigroup
C
$226B
$19.2M 0.11%
225,675
+138,652
+159% +$10M
XLV icon
90
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$42.7B
$18.9M 0.11%
+140,000
New +$18.9M
GWRE icon
91
Guidewire Software
GWRE
$14.2B
$18M 0.1%
76,660
+54,160
+241% +$11.6M
FYBR
92
DELISTED
Frontier Communications
FYBR
$18M 0.1%
495,418
-81,935
-14% -$2.97M
PDD icon
93
PUT
Pinduoduo
PDD
$131B
$17.5M 0.1%
+10,500
New +$1.1M
HON icon
94
Honeywell
HON
$78B
$17.5M 0.1%
+79,685
New +$16.1M
NFLX icon
95
Netflix
NFLX
$309B
$17.5M 0.1%
130,490
+76,520
+142% +$8.65M
LMT icon
96
Lockheed Martin
LMT
$136B
$17.4M 0.1%
37,650
+29,485
+361% +$13.8M
SFM icon
97
Sprouts Farmers Market
SFM
$8.01B
$17.4M 0.1%
105,545
+93,659
+788% +$15.3M
CMCSA icon
98
Comcast
CMCSA
$90B
$17.2M 0.1%
480,794
+366,981
+322% +$12.7M
T icon
99
AT&T
T
$163B
$17M 0.1%
588,179
+278,745
+90% +$7.68M
CSX icon
100
CSX Corp
CSX
$93.1B
$16.8M 0.1%
515,401
+432,752
+524% +$13M
2 3
4
5 6

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VLKIM
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ERSOT
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GIM
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DWM
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Brevan Howard Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Brevan Howard Capital Management held 2,057 positions worth $17.3B, up 66% from $10.4B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Brevan Howard Capital Management deployed $6.5B of net new capital in Q2 2025, opening 934 new positions and adding to 622 existing holdings. Its largest new stake was iShares Large Cap Deep Quarterly Laddered ETF: 60,706,457 shares worth $461M.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 4.6% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was NVIDIA, an estimated $73.1M trimmed.

  • Brevan Howard Capital Management's largest Q2 2025 buy was iShares Large Cap Deep Quarterly Laddered ETF: 60,706,457 shares worth $461M.
  • Brevan Howard Capital Management added most to iShares Bitcoin Trust in Q2 2025, an estimated $893M increase.
  • Brevan Howard Capital Management's biggest Q2 2025 reduction was NVIDIA, cutting an estimated $73.1M.
  • Brevan Howard Capital Management fully exited iShares MSCI Emerging Markets ETF in Q2 2025, selling an estimated $189M.
  • Brevan Howard Capital Management's ten largest holdings make up 47% of its $17.3B portfolio in Q2 2025.
  • Brevan Howard Capital Management opened 934 new positions and closed 240 in Q2 2025.
  • Brevan Howard Capital Management's portfolio value rose 66% quarter-over-quarter to $17.3B.

Based on Brevan Howard Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.