We are live on
!
Find out more
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
(-59%)
Cap. Flow
-$10.8B
Cap. Flow
% of AUM
-117.92%
Top 10 Holdings %
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 |
iShares Core S&P 500 ETF
IVV
|
+$111M |
| 3 |
Walmart Inc
WMT
|
+$84M |
| 4 |
Oracle
ORCL
|
+$58.3M |
| 5 |
Broadcom
AVGO
|
+$57.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$1.77B |
| 2 |
Microsoft
MSFT
|
+$184M |
| 3 |
Meta Platforms (Facebook)
META
|
+$128M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$68.8M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
JMIA
2026
Jumia Technologies
JMIA
$728M
| – | – |
-24,743
| Closed | -$287K |
|
|
K
2027
DELISTED
Kellanova
K
| – | – |
-198,962
| Closed | -$16.3M |
|
2028
Kadant
KAI
$3.9B
| – | – |
-2,569
| Closed | -$764K |
|
|
OPLN
2029
Openlane
OPLN
$4.57B
| – | – |
-22,100
| Closed | -$636K |
|
2030
State Street SPDR S&P Bank ETF
KBE
$1.71B
| – | – |
-127,284
| Closed | -$7.5M |
|
|
2031
PUT
State Street SPDR S&P Bank ETF
KBE
$1.71B
| – | – |
-500,000
| Closed | -$29.7M |
|
2032
KBR
KBR
$4.85B
| – | – |
-7,334
| Closed | -$347K |
|
2033
Korea Electric Power
KEP
$15.8B
| – | – |
-13,500
| Closed | -$176K |
|
2034
Kimco Realty
KIM
$16.1B
| – | – |
-79,516
| Closed | -$1.74M |
|
2035
CALL
KKR & Co
KKR
$92.4B
| – | – |
-125,000
| Closed | -$16.2M |
|
|
2036
KKR & Co
KKR
$92.4B
| – | – |
-34,548
| Closed | -$4.49M |
|
2037
KLA
KLAC
$254B
| – | – |
-2,700
| Closed | -$291K |
|
2038
Kulicke & Soffa
KLIC
$4.56B
| – | – |
-13,625
| Closed | -$554K |
|
2039
Kaltura
KLTR
$258M
| – | – |
-11,873
| Closed | -$17.1K |
|
2040
CarMax
KMX
$8.39B
| – | – |
-72,944
| Closed | -$3.27M |
|
2041
Knight Transportation
KNX
$11.3B
| – | – |
-14,745
| Closed | -$583K |
|
2042
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.56B
| – | – |
-120,000
| Closed | -$7.6M |
|
2043
Keros Therapeutics
KROS
$215M
| – | – |
-44,874
| Closed | -$710K |
|
2044
KT
KT
$8.73B
| – | – |
-10,917
| Closed | -$213K |
|
2045
Kontoor Brands
KTB
$4.3B
| – | – |
-3,437
| Closed | -$274K |
|
2046
Klaviyo
KVYO
$4.88B
| – | – |
-9,979
| Closed | -$276K |
|
2047
Quaker Houghton
KWR
$2.89B
| – | – |
-6,901
| Closed | -$909K |
|
2048
Littelfuse
LFUS
$11.6B
| – | – |
-4,997
| Closed | -$1.29M |
|
2049
Labcorp
LH
$25.9B
| – | – |
-1,200
| Closed | -$344K |
|
2050
L3Harris
LHX
$54.7B
| – | – |
-2,908
| Closed | -$888K |
|
Similar funds
GKIM
DCP
VLKIM
ERSOT
GIM
DWM
MIFH
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.