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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
HUMA icon
2001
Humacyte
HUMA
$198M
– –
-80,394
Closed -$140K
HUYA
2002
Huya Inc
HUYA
$556M
– –
-12,244
Closed -$40.8K
HWKN icon
2003
Hawkins
HWKN
$2.74B
– –
-1,145
Closed -$209K
HXL icon
2004
Hexcel
HXL
$7.79B
– –
-5,225
Closed -$328K
IBN icon
2005
ICICI Bank
IBN
$108B
– –
-48,578
Closed -$1.47M
IBRX icon
2006
ImmunityBio
IBRX
$8B
– –
-143,221
Closed -$352K
ICFI icon
2007
ICF International
ICFI
$1.66B
– –
-8,037
Closed -$746K
ICUI icon
2008
ICU Medical
ICUI
$4.61B
– –
-4,915
Closed -$590K
IDYA icon
2009
IDEAYA Biosciences
IDYA
$3.57B
– –
-20,679
Closed -$563K
IDXX icon
2010
Idexx Laboratories
IDXX
$47.2B
– –
-3,030
Closed -$1.94M
IMO icon
2011
Imperial Oil
IMO
$62.6B
– –
-7,139
Closed -$648K
INDA icon
2012
iShares MSCI India ETF
INDA
$6.61B
– –
-65,000
Closed -$3.38M
INSM icon
2013
Insmed
INSM
$29.2B
– –
-294,047
Closed -$42.3M
IONS icon
2014
Ionis Pharmaceuticals
IONS
$9.54B
– –
-4,516
Closed -$295K
IP icon
2015
International Paper
IP
$21.9B
– –
-13,691
Closed -$635K
IPG
2016
DELISTED
Interpublic Group of Companies
IPG
– –
-244,031
Closed -$6.81M
ITB icon
2017
CALL
iShares US Home Construction ETF
ITB
$2.35B
– –
-200,000
Closed -$21.4M
ITB icon
2018
iShares US Home Construction ETF
ITB
$2.35B
– –
-53,744
Closed -$5.76M
IWM icon
2019
iShares Russell 2000 ETF
IWM
$81.5B
– –
-12,877
Closed -$3.17M
IWV icon
2020
iShares Russell 3000 ETF
IWV
$20.4B
– –
-41,937
Closed -$15.8M
IX icon
2021
ORIX
IX
$43.2B
– –
-8,795
Closed -$230K
J icon
2022
Jacobs Solutions
J
$17.2B
– –
-31,923
Closed -$4.78M
JACK icon
2023
Jack in the Box
JACK
$340M
– –
-45,557
Closed -$901K
JAMF
2024
DELISTED
Jamf
JAMF
– –
-22,780
Closed -$244K
JKHY icon
2025
Jack Henry & Associates
JKHY
$11B
– –
-4,603
Closed -$686K
79 80
81
82 83

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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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GIM
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DWM
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MIFH
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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.