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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
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
TJX icon
176
TJX Companies
TJX
$178B
$6M 0.07%
39,079
-13,483
-26% -$1.99M
COST icon
177
Costco
COST
$420B
$6M 0.07%
6,961
+4,975
+251% +$4.51M
FTNT icon
178
Fortinet
FTNT
$117B
$6M 0.07%
+75,540
New +$6.27M
RDDT icon
179
Reddit
RDDT
$31.1B
$5.99M 0.07%
26,064
-25,009
-49% -$5.26M
GPCR icon
180
Structure Therapeutics
GPCR
$3.78B
$5.96M 0.07%
+86,310
New +$3.52M
GLD icon
181
CALL
SPDR Gold Trust
GLD
$142B
$5.94M 0.06%
+15,000
New +$5.73M
EW icon
182
Edwards Lifesciences
EW
$51.7B
$5.89M 0.06%
68,680
+22,408
+48% +$1.84M
UPS icon
183
United Parcel Service
UPS
$88.9B
$5.88M 0.06%
59,236
+37,046
+167% +$3.47M
NVDA icon
184
CALL
NVIDIA
NVDA
$5.42T
$5.87M 0.06%
31,500
-293,375
-90% -$54.6M
CLSK icon
185
CleanSpark
CLSK
$3.16B
$5.86M 0.06%
569,861
+318,840
+127% +$4.78M
SPG icon
186
Simon Property Group
SPG
$72.3B
$5.85M 0.06%
31,609
+10,068
+47% +$1.83M
LYFT icon
187
Lyft
LYFT
$6.63B
$5.82M 0.06%
+300,510
New +$6.25M
CIFR icon
188
Cipher Digital
CIFR
$7.13B
$5.76M 0.06%
390,289
+273,950
+235% +$4.84M
KSA icon
189
iShares MSCI Saudi Arabia ETF
KSA
$621M
$5.75M 0.06%
158,013
-42,236
-21% -$1.64M
SBCF icon
190
Seacoast Banking Corp of Florida
SBCF
$3.35B
$5.74M 0.06%
+183,498
New +$5.72M
OTIS icon
191
Otis Worldwide
OTIS
$28.2B
$5.69M 0.06%
65,164
+44,367
+213% +$3.97M
CCJ icon
192
CALL
Cameco
CCJ
$42.4B
$5.66M 0.06%
61,400
-27,100
-31% -$2.44M
SUPN icon
193
Supernus Pharmaceuticals
SUPN
$2.77B
$5.63M 0.06%
113,194
+101,747
+889% +$4.95M
NFLX icon
194
CALL
Netflix
NFLX
$309B
$5.63M 0.06%
+60,000
New +$6.47M
FSLR icon
195
First Solar
FSLR
$26.9B
$5.61M 0.06%
21,459
-15,714
-42% -$3.96M
SNOW icon
196
CALL
Snowflake
SNOW
$115B
$5.59M 0.06%
25,500
+11,500
+82% +$2.81M
CVBF icon
197
CVB Financial
CVBF
$3.99B
$5.58M 0.06%
300,000
+286,771
+2,168% +$5.48M
IQV icon
198
IQVIA
IQV
$39.3B
$5.46M 0.06%
+24,223
New +$5.27M
TER icon
199
Teradyne
TER
$59.3B
$5.44M 0.06%
28,091
-4,801
-15% -$824K
WAT icon
200
Waters Corp
WAT
$39.9B
$5.41M 0.06%
14,248
+12,726
+836% +$4.68M
6 7
8
9 10

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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.