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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
AEIS icon
1701
Advanced Energy
AEIS
$12.6B
– –
-6,670
Closed -$1.13M
AEM icon
1702
CALL
Agnico Eagle Mines
AEM
$91.4B
– –
-1,440,000
Closed -$242M
AEM icon
1703
Agnico Eagle Mines
AEM
$91.4B
– –
-155,018
Closed -$26.1M
AESI icon
1704
Atlas Energy Solutions
AESI
$1.47B
– –
-18,083
Closed -$206K
AFG icon
1705
American Financial Group
AFG
$11.9B
– –
-4,524
Closed -$659K
AFRM icon
1706
CALL
Affirm
AFRM
$25.3B
– –
-10,875
Closed -$795K
AGL icon
1707
Agilon Health
AGL
$1.63B
– –
-2,714
Closed -$69.9K
AGYS icon
1708
Agilysys
AGYS
$3.02B
– –
-2,672
Closed -$281K
AIG icon
1709
CALL
American International
AIG
$40.6B
– –
-41,400
Closed -$3.25M
AIG icon
1710
American International
AIG
$40.6B
– –
-65,712
Closed -$5.16M
AIG icon
1711
PUT
American International
AIG
$40.6B
– –
-12,800
Closed -$1.01M
AIRS icon
1712
AirSculpt Technologies
AIRS
$194M
– –
-10,307
Closed -$82.7K
AIV
1713
Aimco
AIV
$381M
– –
-40,772
Closed -$323K
AIZ icon
1714
Assurant
AIZ
$14.2B
– –
-1,573
Closed -$341K
AJG icon
1715
Arthur J. Gallagher & Co
AJG
$64.7B
– –
-1,253
Closed -$388K
ALB icon
1716
CALL
Albemarle
ALB
$15.5B
– –
-25,500
Closed -$2.07M
ALE
1717
DELISTED
Allete
ALE
– –
-11,716
Closed -$778K
ALG icon
1718
Alamo Group
ALG
$2.06B
– –
-5,380
Closed -$1.03M
ALGM icon
1719
Allegro MicroSystems
ALGM
$7.91B
– –
-11,822
Closed -$345K
ALGT icon
1720
Allegiant Air
ALGT
$2.41B
– –
-5,917
Closed -$360K
ALK icon
1721
Alaska Air
ALK
$5.27B
– –
-15,923
Closed -$793K
ALLY icon
1722
Ally Financial
ALLY
$13.3B
– –
-44,303
Closed -$1.74M
ALNT icon
1723
Allient
ALNT
$1.92B
– –
-7,289
Closed -$326K
ALSN icon
1724
Allison Transmission
ALSN
$10.3B
– –
-16,466
Closed -$1.4M
ALX
1725
Alexander's
ALX
$1.38B
– –
-1,244
Closed -$292K
67 68
69
70 71

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DCP
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VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $11.4B AUM 16.77% 1-Year Est. Return
SoftBank Group
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ERSOT
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DWM
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HTC
Haverford Trust Company Radnor, Pennsylvania $10.9B AUM 18.64% 1-Year Est. Return
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.