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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
(-59%)
Cap. Flow
-$10.8B
Cap. Flow
% of AUM
-117.92%
Top 10 Holdings %
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 |
iShares Core S&P 500 ETF
IVV
|
+$111M |
| 3 |
Walmart Inc
WMT
|
+$84M |
| 4 |
Oracle
ORCL
|
+$58.3M |
| 5 |
Broadcom
AVGO
|
+$57.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$1.77B |
| 2 |
Microsoft
MSFT
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$128M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$68.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1501
Nelnet
NNI
$4.56B
| $223K | ﹤0.01% |
1,680
-4,570
| -73% | -$598K |
|
1502
Seaboard Corp
SEB
$3.91B
| $222K | ﹤0.01% |
+50
| New | +$198K |
|
|
CTNM
1503
Contineum Therapeutics
CTNM
$550M
| $222K | ﹤0.01% |
+19,426
| New | +$222K |
|
1504
Peoples Bancorp
PEBO
$1.46B
| $221K | ﹤0.01% |
+7,350
| New | +$218K |
|
|
GLXY
1505
Galaxy Digital Inc
GLXY
$3.98B
| $220K | ﹤0.01% |
+9,721
| New | +$301K |
|
1506
Zimmer Biomet
ZBH
$18.7B
| $220K | ﹤0.01% |
2,445
-4,025
| -62% | -$382K |
|
1507
Lazard
LAZ
$4.24B
| $220K | ﹤0.01% |
4,524
-8,717
| -66% | -$435K |
|
|
BKV
1508
BKV Corp
BKV
$2.84B
| $219K | ﹤0.01% |
+8,078
| New | +$203K |
|
1509
Viavi Solutions
VIAV
$9.48B
| $219K | ﹤0.01% |
12,285
-60,010
| -83% | -$969K |
|
1510
Winnebago Industries
WGO
$910M
| $218K | ﹤0.01% |
5,372
-11,143
| -67% | -$406K |
|
|
PMT
1511
PennyMac Mortgage Investment
PMT
$826M
| $217K | ﹤0.01% |
17,318
-30,147
| -64% | -$376K |
|
|
GOOD
1512
Gladstone Commercial Corp
GOOD
$623M
| $217K | ﹤0.01% |
20,310
-39,979
| -66% | -$444K |
|
1513
DaVita
DVA
$11.6B
| $216K | ﹤0.01% |
1,902
-13,495
| -88% | -$1.64M |
|
1514
ESCO Technologies
ESE
$7.76B
| $216K | ﹤0.01% |
1,105
-6,381
| -85% | -$1.35M |
|
1515
Standex International
SXI
$3.99B
| $216K | ﹤0.01% |
+993
| New | +$230K |
|
1516
Applied Optoelectronics
AAOI
$11.1B
| $215K | ﹤0.01% |
+6,178
| New | +$184K |
|
1517
Harmony Biosciences
HRMY
$2.28B
| $215K | ﹤0.01% |
5,755
-6,575
| -53% | -$216K |
|
1518
Village Super Market
VLGEA
$630M
| $215K | ﹤0.01% |
+6,084
| New | +$209K |
|
1519
Virtus Investment Partners
VRTS
$1.14B
| $215K | ﹤0.01% |
1,318
-3,130
| -70% | -$529K |
|
1520
First Busey Corp
BUSE
$2.56B
| $214K | ﹤0.01% |
9,005
-4,184
| -32% | -$98.4K |
|
1521
First Merchants
FRME
$2.68B
| $214K | ﹤0.01% |
+5,709
| New | +$211K |
|
1522
Asana
ASAN
$2.19B
| $214K | ﹤0.01% |
15,579
-7,187
| -32% | -$98.8K |
|
1523
Colgate-Palmolive
CL
$73.7B
| $214K | ﹤0.01% |
+2,702
| New | +$212K |
|
1524
Reliance Steel & Aluminium
RS
$21.8B
| $213K | ﹤0.01% |
737
-2,682
| -78% | -$754K |
|
1525
General Mills
GIS
$20B
| $213K | ﹤0.01% |
4,578
-38,275
| -89% | -$1.82M |
|
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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.