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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 | |
|---|---|---|---|---|---|---|
1526
Riley Exploration Permian
REPX
$802M
| $213K | ﹤0.01% |
+8,054
| New | +$214K |
|
1527
Advance Auto Parts
AAP
$3.36B
| $212K | ﹤0.01% |
5,395
-19,704
| -79% | -$988K |
|
1528
Rogers Corp
ROG
$2.29B
| $212K | ﹤0.01% |
+2,313
| New | +$199K |
|
1529
Mativ Holdings
MATV
$706M
| $211K | ﹤0.01% |
17,398
-3,449
| -17% | -$40.6K |
|
1530
Pebblebrook Hotel Trust
PEB
$2B
| $211K | ﹤0.01% |
+18,660
| New | +$205K |
|
1531
Neurocrine Biosciences
NBIX
$16.8B
| $210K | ﹤0.01% |
1,481
-2,403
| -62% | -$348K |
|
1532
Kroger
KR
$34.6B
| $210K | ﹤0.01% |
3,360
-14,286
| -81% | -$934K |
|
|
LMRI
1533
Lumexa Imaging Holdings
LMRI
$1.13B
| $210K | ﹤0.01% |
+11,340
| New | +$205K |
|
1534
UMB Financial
UMBF
$11.1B
| $209K | ﹤0.01% |
+1,821
| New | +$206K |
|
1535
CorVel
CRVL
$3.12B
| $209K | ﹤0.01% |
3,093
-297
| -9% | -$21.5K |
|
1536
Monte Rosa Therapeutics
GLUE
$1.35B
| $209K | ﹤0.01% |
13,323
-33,589
| -72% | -$453K |
|
|
MAZE
1537
Maze Therapeutics
MAZE
$1.51B
| $209K | ﹤0.01% |
+5,042
| New | +$173K |
|
1538
Canadian National Railway
CNI
$75.7B
| $209K | ﹤0.01% |
+2,109
| New | +$203K |
|
1539
Associated Banc-Corp
ASB
$5.92B
| $208K | ﹤0.01% |
8,082
-29,620
| -79% | -$762K |
|
|
ASM
1540
Avino Silver & Gold Mines
ASM
$1.28B
| $208K | ﹤0.01% |
+33,495
| New | +$180K |
|
1541
Frontier Group Holdings
ULCC
$1.56B
| $208K | ﹤0.01% |
+44,122
| New | +$195K |
|
1542
Bumble
BMBL
$360M
| $208K | ﹤0.01% |
58,188
-108,081
| -65% | -$479K |
|
1543
NextEra Energy
NEE
$177B
| $208K | ﹤0.01% |
2,585
-19,698
| -88% | -$1.63M |
|
|
INVX
1544
Innovex International
INVX
$2.04B
| $207K | ﹤0.01% |
+9,472
| New | +$198K |
|
1545
NeoGenomics
NEO
$2.14B
| $207K | ﹤0.01% |
+17,575
| New | +$190K |
|
|
AHRT
1546
AH Realty Trust
AHRT
$503M
| $207K | ﹤0.01% |
31,217
+19,146
| +159% | +$126K |
|
|
EXK
1547
Endeavour Silver
EXK
$3.03B
| $206K | ﹤0.01% |
21,945
-47,337
| -68% | -$401K |
|
1548
nCino
NCNO
$2.08B
| $206K | ﹤0.01% |
+8,044
| New | +$204K |
|
1549
Kodiak Gas Services
KGS
$6.21B
| $206K | ﹤0.01% |
5,498
-14,014
| -72% | -$496K |
|
1550
Microvast
MVST
$291M
| $205K | ﹤0.01% |
73,205
+60,317
| +468% | +$252K |
|
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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.