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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
GDDY icon
151
GoDaddy
GDDY
$11.5B
$6.76M 0.07%
54,471
+10,004
+22% +$1.29M
QCRH icon
152
QCR Holdings
QCRH
$1.7B
$6.66M 0.07%
80,000
+74,479
+1,349% +$5.86M
CRCL
153
Circle Internet Group
CRCL
$16.9B
$6.61M 0.07%
83,294
+54,615
+190% +$5.64M
U icon
154
Unity
U
$18.9B
$6.56M 0.07%
148,586
+115,588
+350% +$4.71M
NBIS
155
Nebius Group N.V.
NBIS
$47.7B
$6.53M 0.07%
+77,025
New +$7.98M
ETHA
156
iShares Ethereum Trust ETF
ETHA
$5.55B
$6.52M 0.07%
289,408
-37,987
-12% -$993K
IRS
157
IRSA Inversiones y Representaciones
IRS
$1.26B
$6.5M 0.07%
396,077
+385,038
+3,488% +$5.53M
CSX icon
158
CSX Corp
CSX
$93.1B
$6.45M 0.07%
177,842
+39,696
+29% +$1.42M
HD icon
159
Home Depot
HD
$355B
$6.44M 0.07%
18,649
-8,710
-32% -$3.19M
CYTK icon
160
Cytokinetics
CYTK
$10.4B
$6.42M 0.07%
101,030
+91,056
+913% +$5.66M
WM icon
161
Waste Management
WM
$91B
$6.41M 0.07%
29,167
+11,297
+63% +$2.41M
OXY icon
162
Occidental Petroleum
OXY
$55.9B
$6.37M 0.07%
155,029
+90,869
+142% +$3.79M
AXP icon
163
American Express
AXP
$230B
$6.35M 0.07%
17,158
-6,258
-27% -$2.24M
BX icon
164
Blackstone
BX
$110B
$6.28M 0.07%
40,746
+4,673
+13% +$710K
TEVA icon
165
Teva Pharmaceuticals
TEVA
$41.2B
$6.25M 0.07%
200,000
-109,300
-35% -$2.69M
AMTB icon
166
Amerant Bancorp
AMTB
$1.13B
$6.24M 0.07%
+320,000
New +$5.96M
JNJ icon
167
CALL
Johnson & Johnson
JNJ
$625B
$6.21M 0.07%
+30,000
New +$5.93M
HCA icon
168
HCA Healthcare
HCA
$89.5B
$6.2M 0.07%
13,270
-1,351
-9% -$627K
TRV icon
169
Travelers Companies
TRV
$80.2B
$6.19M 0.07%
21,326
-10,186
-32% -$2.87M
URI icon
170
United Rentals
URI
$72.4B
$6.13M 0.07%
7,575
+806
+12% +$700K
UAL icon
171
United Airlines
UAL
$42.1B
$6.08M 0.07%
54,389
+17,351
+47% +$1.75M
BMA icon
172
Banco Macro
BMA
$5.35B
$6.04M 0.07%
67,300
+51,230
+319% +$3.87M
NKE icon
173
Nike
NKE
$61.9B
$6.03M 0.07%
94,625
-11,638
-11% -$759K
ADPT icon
174
Adaptive Biotechnologies
ADPT
$3.97B
$6.03M 0.07%
370,676
+354,234
+2,154% +$5.78M
PNW icon
175
Pinnacle West Capital
PNW
$12.2B
$6.02M 0.07%
67,860
-5,851
-8% -$524K
5 6
7
8 9

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VLKIM
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ERSOT
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GIM
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DWM
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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.