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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
+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
MRK icon
76
Merck
MRK
$318B
$13.1M 0.14%
124,146
+31,029
+33% +$2.91M
CCB icon
77
Coastal Financial
CCB
$693M
$12.6M 0.14%
+110,000
New +$12M
NOW icon
78
ServiceNow
NOW
$129B
$12.5M 0.14%
81,760
+75,440
+1,194% +$12.9M
BIIB icon
79
Biogen
BIIB
$30.7B
$12.5M 0.14%
71,017
+37,506
+112% +$6.13M
TSM icon
80
TSMC
TSM
$2.18T
$12.5M 0.14%
40,871
+29,904
+273% +$8.77M
VIST icon
81
Vista Energy
VIST
$7.32B
$12.2M 0.13%
250,045
+174,247
+230% +$7.88M
PPTA
82
Perpetua Resources
PPTA
$3.09B
$12.1M 0.13%
492,200
+438,600
+818% +$10.8M
BA icon
83
CALL
Boeing
BA
$185B
$12M 0.13%
55,300
-94,000
-63% -$19.3M
BIDU icon
84
Baidu
BIDU
$37.2B
$11.9M 0.13%
92,203
-38,302
-29% -$4.75M
PG icon
85
Procter & Gamble
PG
$339B
$11.9M 0.13%
82,703
+7,993
+11% +$1.18M
KEY icon
86
KeyCorp
KEY
$24.4B
$11.6M 0.13%
561,580
-22,891
-4% -$426K
FCX icon
87
CALL
Freeport-McMoran
FCX
$97.5B
$11.4M 0.12%
225,000
+214,125
+1,969% +$9.28M
JNJ icon
88
Johnson & Johnson
JNJ
$625B
$11.4M 0.12%
55,022
-28,623
-34% -$5.66M
WMT icon
89
CALL
Walmart Inc
WMT
$890B
$11.1M 0.12%
+100,000
New +$10.7M
CW icon
90
Curtiss-Wright
CW
$25.5B
$11M 0.12%
20,000
+7,455
+59% +$4.16M
SNDX icon
91
Syndax Pharmaceuticals
SNDX
$1.82B
$10.8M 0.12%
515,129
+390,554
+314% +$6.81M
VRT icon
92
Vertiv
VRT
$105B
$10.8M 0.12%
66,451
+9,617
+17% +$1.67M
NFLX icon
93
Netflix
NFLX
$309B
$10.6M 0.12%
112,561
-58,039
-34% -$6.26M
SLB icon
94
SLB Ltd
SLB
$75B
$10.5M 0.11%
273,903
-106,491
-28% -$3.86M
BLK icon
95
Blackrock
BLK
$176B
$10.5M 0.11%
9,776
+5,574
+133% +$6.09M
AFL icon
96
Aflac
AFL
$62.6B
$10.4M 0.11%
93,951
+6,632
+8% +$731K
GS icon
97
Goldman Sachs
GS
$303B
$10.3M 0.11%
11,706
-10,374
-47% -$8.46M
TFC icon
98
Truist Financial
TFC
$64B
$10.2M 0.11%
207,141
+110,131
+114% +$5.07M
ASND icon
99
Ascendis Pharma A/S
ASND
$16.8B
$10.2M 0.11%
+48,260
New +$9.97M
SOFI icon
100
SoFi Technologies
SOFI
$23.7B
$10M 0.11%
383,874
+256,435
+201% +$7.15M
2 3
4
5 6

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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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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.