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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 | |
|---|---|---|---|---|---|---|
1676
CytomX Therapeutics
CTMX
$750M
| $48.6K | ﹤0.01% |
+11,404
| New | +$43.3K |
|
1677
Heron Therapeutics
HRTX
$63.4M
| $45.5K | ﹤0.01% |
+35,036
| New | +$43.3K |
|
1678
OmniAb
OABI
$491M
| $45.2K | ﹤0.01% |
24,415
-27,855
| -53% | -$48.4K |
|
1679
Butterfly Network
BFLY
$2.58B
| $44.1K | ﹤0.01% |
+11,596
| New | +$31.6K |
|
1680
Conduent
CNDT
$242M
| $40.7K | ﹤0.01% |
+21,198
| New | +$46.4K |
|
1681
SelectQuote
SLQT
$123M
| $39.4K | ﹤0.01% |
+27,953
| New | +$46.8K |
|
1682
Microvision
MVIS
$86.9M
| $33.8K | ﹤0.01% |
2,723
-6,791
| -71% | -$108K |
|
1683
Coty
COTY
$2.51B
| $32K | ﹤0.01% |
10,392
-19,528
| -65% | -$71K |
|
|
ACH
1684
Accendra Health
ACH
$107M
| $29.8K | ﹤0.01% |
10,635
-190,460
| -95% | -$681K |
|
|
NFGC
1685
New Found Gold
NFGC
$653M
| $29.7K | ﹤0.01% |
+10,031
| New | +$24.6K |
|
1686
AMC Entertainment Holdings
AMC
$2.16B
| $25.9K | ﹤0.01% |
16,580
-215,621
| -93% | -$514K |
|
1687
Rackspace Technology
RXT
$1.2B
| $18.1K | ﹤0.01% |
+18,601
| New | +$23.4K |
|
1688
W&T Offshore
WTI
$577M
| $17.9K | ﹤0.01% |
+10,995
| New | +$21.1K |
|
1689
Strive Inc
ASST
$1.05B
| $17.4K | ﹤0.01% |
+1,179
| New | +$28.2K |
|
1690
BuzzFeed Inc Warrant
BZFDW
$520K
| $15.2K | ﹤0.01% |
603,324
| – | – |
|
1691
Aaon
AAON
$7.31B
| – | – |
-13,883
| Closed | -$1.3M |
|
1692
CALL
Apple
AAPL
$4.5T
| – | – |
-100,000
| Closed | -$25.5M |
|
1693
AbbVie
ABBV
$438B
| – | – |
-18,338
| Closed | -$4.25M |
|
1694
AbCellera Biologics
ABCL
$2.85B
| – | – |
-54,355
| Closed | -$273K |
|
1695
ABM Industries
ABM
$2.81B
| – | – |
-12,119
| Closed | -$559K |
|
1696
Absci
ABSI
$1.53B
| – | – |
-67,638
| Closed | -$206K |
|
1697
ProFrac Holding
ACDC
$929M
| – | – |
-60,217
| Closed | -$223K |
|
1698
Accel Entertainment
ACEL
$978M
| – | – |
-13,679
| Closed | -$151K |
|
1699
Albertsons Companies
ACI
$5.89B
| – | – |
-23,963
| Closed | -$420K |
|
1700
Enact Holdings
ACT
$6.67B
| – | – |
-17,973
| Closed | -$689K |
|
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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.