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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
ACLS icon
1226
Axcelis
ACLS
$4.18B
$376K ﹤0.01%
4,678
-9,140
-66% -$765K
PCTY icon
1227
Paylocity
PCTY
$7.7B
$375K ﹤0.01%
2,458
-7,137
-74% -$1.06M
TLN
1228
Talen Energy Corp
TLN
$17.1B
$375K ﹤0.01%
1,000
-7,585
-88% -$2.95M
LUV icon
1229
Southwest Airlines
LUV
$22.3B
$375K ﹤0.01%
9,064
-96,263
-91% -$3.36M
DIOD icon
1230
Diodes
DIOD
$4.75B
$374K ﹤0.01%
7,590
+744
+11% +$37.6K
WAFD icon
1231
WaFd
WAFD
$2.82B
$374K ﹤0.01%
11,672
-12,321
-51% -$381K
MGM icon
1232
MGM Resorts International
MGM
$11.1B
$372K ﹤0.01%
10,206
-39,104
-79% -$1.33M
FIZZ icon
1233
National Beverage
FIZZ
$2.89B
$369K ﹤0.01%
11,573
+2,620
+29% +$90.1K
URA icon
1234
Global X Uranium ETF
URA
$6.3B
$369K ﹤0.01%
8,565
-21,772
-72% -$1.05M
AEE icon
1235
Ameren
AEE
$29.8B
$368K ﹤0.01%
3,690
+1,681
+84% +$172K
FANG icon
1236
Diamondback Energy
FANG
$56.5B
$368K ﹤0.01%
2,450
+248
+11% +$36.6K
AKAM icon
1237
Akamai
AKAM
$16.8B
$367K ﹤0.01%
4,210
-5,428
-56% -$446K
RWAY icon
1238
Runway Growth Finance
RWAY
$281M
$365K ﹤0.01%
40,920
-772
-2% -$7.32K
TARS icon
1239
Tarsus Pharmaceuticals
TARS
$3.05B
$365K ﹤0.01%
4,458
-17,969
-80% -$1.34M
OXM icon
1240
Oxford Industries
OXM
$542M
$365K ﹤0.01%
10,659
+2,969
+39% +$110K
L icon
1241
Loews
L
$23.1B
$364K ﹤0.01%
3,460
-30,333
-90% -$3.13M
TKR icon
1242
Timken Company
TKR
$8.91B
$364K ﹤0.01%
+4,330
New +$344K
MCD icon
1243
McDonald's
MCD
$194B
$363K ﹤0.01%
1,189
-5,140
-81% -$1.57M
CURB
1244
Curbline Properties
CURB
$3.4B
$363K ﹤0.01%
+15,647
New +$365K
BHF icon
1245
Brighthouse Financial
BHF
$3.38B
$363K ﹤0.01%
+5,605
New +$329K
HLIT icon
1246
Harmonic Inc
HLIT
$1.24B
$363K ﹤0.01%
36,700
+6,092
+20% +$61.4K
QDEL icon
1247
QuidelOrtho
QDEL
$959M
$363K ﹤0.01%
+12,693
New +$344K
ARCC icon
1248
Ares Capital
ARCC
$14.3B
$362K ﹤0.01%
17,904
-67,750
-79% -$1.37M
SCSC icon
1249
Scansource
SCSC
$1.05B
$361K ﹤0.01%
9,246
-15,214
-62% -$628K
MBLY icon
1250
Mobileye
MBLY
$7.54B
$361K ﹤0.01%
34,550
-129,416
-79% -$1.62M
48 49
50
51 52

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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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DWM
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HTC
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BCI
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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.