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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
BANC icon
1776
Banc of California
BANC
$3B
– –
-117,414
Closed -$1.94M
BAND
1777
Bandwidth Inc
BAND
$1.7B
– –
-10,449
Closed -$174K
BATRK icon
1778
Atlanta Braves Holdings Series B
BATRK
$3.21B
– –
-6,524
Closed -$271K
BBDC icon
1779
Barings BDC
BBDC
$980M
– –
-19,794
Closed -$173K
BBWI icon
1780
Bath & Body Works
BBWI
$3.89B
– –
-50,799
Closed -$1.31M
BC icon
1781
Brunswick
BC
$5.21B
– –
-34,371
Closed -$2.17M
BCE icon
1782
BCE
BCE
$21B
– –
-47,564
Closed -$1.11M
BCRX icon
1783
BioCryst Pharmaceuticals
BCRX
$2.51B
– –
-325,795
Closed -$2.47M
BDC icon
1784
Belden
BDC
$5.28B
– –
-8,782
Closed -$1.06M
BDX icon
1785
Becton Dickinson
BDX
$48.9B
– –
-3,410
Closed -$638K
BE icon
1786
Bloom Energy
BE
$62B
– –
-4,207
Closed -$356K
BEAM icon
1787
Beam Therapeutics
BEAM
$2.82B
– –
-49,811
Closed -$1.18M
BEN icon
1788
Franklin Resources
BEN
$17B
– –
-150,211
Closed -$3.47M
BFH icon
1789
Bread Financial
BFH
$4.38B
– –
-30,109
Closed -$1.68M
BHF icon
1790
CALL
Brighthouse Financial
BHF
$3.46B
– –
-15,200
Closed -$807K
BBT
1791
Beacon Financial Corp
BBT
$2.66B
– –
-18,180
Closed -$431K
BIO icon
1792
Bio-Rad Laboratories Class A
BIO
$9.48B
– –
-5,592
Closed -$1.57M
KEEL
1793
CALL
Keel Infrastructure Corp
KEEL
$2.05B
– –
-2,500,000
Closed -$7.05M
KEEL
1794
Keel Infrastructure Corp
KEEL
$2.05B
– –
-20,496
Closed -$57.8K
BKE icon
1795
Buckle
BKE
$2.4B
– –
-6,247
Closed -$366K
BLBD icon
1796
Blue Bird Corp
BLBD
$2.07B
– –
-13,283
Closed -$764K
BLKB icon
1797
Blackbaud
BLKB
$2.09B
– –
-4,280
Closed -$275K
BLZE icon
1798
Backblaze
BLZE
$1.19B
– –
-15,436
Closed -$143K
BMRC icon
1799
Bank of Marin Bancorp
BMRC
$455M
– –
-11,599
Closed -$282K
BOKF icon
1800
BOK Financial
BOKF
$8.7B
– –
-12,157
Closed -$1.35M
70 71
72
73 74

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GKIM
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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
SoftBank Group Tokyo, Japan $11.4B AUM 27.91% 1-Year Est. Return
ERSOT
Employees Retirement System of Texas Austin, Texas $11.4B AUM 21.6% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $11.5B AUM 15.23% 1-Year Est. Return
HTC
Haverford Trust Company Radnor, Pennsylvania $10.9B AUM 18.64% 1-Year Est. Return
BCI
Brinker Capital Investments Berwyn, Pennsylvania $11.7B AUM 21.33% 1-Year Est. Return

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.