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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
EWY icon
126
CALL
iShares MSCI South Korea ETF
EWY
$25.7B
$7.78M 0.08%
80,000
+70,000
+700% +$6.4M
SLB icon
127
PUT
SLB Ltd
SLB
$75B
$7.68M 0.08%
200,000
– –
DHR icon
128
Danaher
DHR
$144B
$7.54M 0.08%
32,948
+29,639
+896% +$6.52M
SSB icon
129
SouthState Bank Corp
SSB
$10.5B
$7.53M 0.08%
+80,000
New +$7.41M
DIS icon
130
CALL
Walt Disney
DIS
$181B
$7.52M 0.08%
+66,100
New +$7.28M
FCNCA icon
131
First Citizens BancShares
FCNCA
$25.3B
$7.51M 0.08%
3,500
+2,770
+379% +$5.22M
CNC icon
132
Centene
CNC
$32.5B
$7.47M 0.08%
181,558
+86,535
+91% +$3.24M
CNOB icon
133
Center Bancorp
CNOB
$1.78B
$7.44M 0.08%
+283,923
New +$7.19M
SII
134
Sprott
SII
$3.03B
$7.38M 0.08%
+75,000
New +$6.65M
LPLA icon
135
LPL Financial
LPLA
$28.6B
$7.35M 0.08%
20,583
+13,385
+186% +$4.73M
YPF icon
136
YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock)
YPF
$19.3B
$7.31M 0.08%
202,258
+145,831
+258% +$4.84M
SYY icon
137
Sysco
SYY
$40.3B
$7.25M 0.08%
98,377
+64,040
+187% +$4.87M
C icon
138
CALL
Citigroup
C
$226B
$7.25M 0.08%
+62,100
New +$6.45M
COR icon
139
Cencora
COR
$61.2B
$7.24M 0.08%
21,433
+17,683
+472% +$6.03M
T icon
140
AT&T
T
$163B
$7.24M 0.08%
291,383
+80,062
+38% +$2.03M
BHF icon
141
PUT
Brighthouse Financial
BHF
$3.5B
$7.19M 0.08%
+111,000
New +$6.52M
BA icon
142
PUT
Boeing
BA
$185B
$7.16M 0.08%
33,000
– –
SGI
143
Somnigroup International
SGI
$13.7B
$7.04M 0.08%
78,442
+3,897
+5% +$340K
MRSH
144
Marsh
MRSH
$91.5B
$7.04M 0.08%
37,970
+6,462
+21% +$1.21M
AZO icon
145
AutoZone
AZO
$51.1B
$6.97M 0.08%
2,054
+1,262
+159% +$4.77M
CMI icon
146
Cummins
CMI
$88.7B
$6.96M 0.08%
13,639
-9,430
-41% -$4.41M
PEP icon
147
PepsiCo
PEP
$190B
$6.96M 0.08%
48,461
-27,209
-36% -$4M
ABNB icon
148
Airbnb
ABNB
$107B
$6.9M 0.08%
50,808
-2,780
-5% -$346K
LVS icon
149
Las Vegas Sands
LVS
$29.6B
$6.89M 0.08%
105,856
-16,441
-13% -$1.01M
SLNO
150
DELISTED
Soleno Therapeutics
SLNO
$6.84M 0.07%
147,800
+133,540
+936% +$7.32M
4 5
6
7 8

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GIM
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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.