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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
EFOR
1751
Everforth Inc
EFOR
$1.33B
– –
-20,162
Closed -$955K
ASH icon
1752
Ashland
ASH
$3.45B
– –
-15,943
Closed -$764K
ASPN icon
1753
Aspen Aerogels
ASPN
$521M
– –
-55,400
Closed -$386K
ASR icon
1754
Grupo Aeroportuario del Sureste
ASR
$8.24B
– –
-1,107
Closed -$358K
ASX icon
1755
ASE Group
ASX
$82.7B
– –
-42,783
Closed -$474K
ASYS icon
1756
Amtech Systems
ASYS
$264M
– –
-18,000
Closed -$167K
ATEN icon
1757
A10 Networks
ATEN
$2.06B
– –
-36,045
Closed -$654K
ATKR icon
1758
Atkore
ATKR
$3.17B
– –
-12,998
Closed -$815K
ATMU icon
1759
Atmus Filtration Technologies
ATMU
$4.05B
– –
-21,192
Closed -$956K
ATO icon
1760
Atmos Energy
ATO
$28.4B
– –
-8,378
Closed -$1.43M
OPTU
1761
Optimum Communications Inc
OPTU
$306M
– –
-248,271
Closed -$598K
ATXS
1762
DELISTED
Astria Therapeutics
ATXS
– –
-13,400
Closed -$97.6K
AUB icon
1763
Atlantic Union Bankshares
AUB
$5.95B
– –
-22,046
Closed -$778K
AVAV icon
1764
CALL
AeroVironment
AVAV
$9.57B
– –
-9,900
Closed -$3.12M
AVIR icon
1765
Atea Pharmaceuticals
AVIR
$402M
– –
-29,450
Closed -$85.4K
AVNS
1766
DELISTED
Avanos Medical
AVNS
– –
-30,507
Closed -$353K
AVO icon
1767
Mission Produce
AVO
$1.16B
– –
-12,786
Closed -$154K
AWK icon
1768
American Water Works
AWK
$26.9B
– –
-3,159
Closed -$440K
AZ icon
1769
A2Z Smart Technologies
AZ
$288M
– –
-32,900
Closed -$263K
AZN icon
1770
AstraZeneca
AZN
$251B
– –
-6,956
Closed -$1.07M
AZTA icon
1771
Azenta
AZTA
$1.54B
– –
-33,259
Closed -$955K
BAC icon
1772
PUT
Bank of America
BAC
$447B
– –
-500,000
Closed -$25.8M
BAH icon
1773
Booz Allen Hamilton
BAH
$9.37B
– –
-29,109
Closed -$2.91M
BAK icon
1774
Braskem
BAK
$889M
– –
-26,324
Closed -$63.7K
BALL icon
1775
Ball Corp
BALL
$16.6B
– –
-21,368
Closed -$1.08M
69 70
71
72 73

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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.