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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
LMND icon
2051
Lemonade
LMND
$4.1B
– –
-31,565
Closed -$1.69M
LMT icon
2052
CALL
Lockheed Martin
LMT
$136B
– –
-85,000
Closed -$42.4M
LNC icon
2053
Lincoln National
LNC
$8.81B
– –
-14,280
Closed -$576K
LNT icon
2054
Alliant Energy
LNT
$18B
– –
-7,221
Closed -$487K
LNW
2055
DELISTED
Light & Wonder
LNW
– –
-19,008
Closed -$1.6M
LQDA icon
2056
Liquidia Corp
LQDA
$8.02B
– –
-77,580
Closed -$1.76M
LRCX icon
2057
Lam Research
LRCX
$390B
– –
-67,703
Closed -$9.07M
LSCC icon
2058
Lattice Semiconductor
LSCC
$18.5B
– –
-61,028
Closed -$4.47M
LSTR icon
2059
Landstar System
LSTR
$6.21B
– –
-11,632
Closed -$1.43M
LTC
2060
LTC Properties
LTC
$2.15B
– –
-9,293
Closed -$343K
LXEO icon
2061
Lexeo Therapeutics
LXEO
$378M
– –
-18,400
Closed -$122K
LXP icon
2062
LXP Industrial Trust
LXP
$3.57B
– –
-24,714
Closed -$1.11M
LYV icon
2063
Live Nation Entertainment
LYV
$42.1B
– –
-4,883
Closed -$798K
MAC icon
2064
Macerich
MAC
$6.92B
– –
-13,763
Closed -$250K
MAR icon
2065
Marriott International
MAR
$92.3B
– –
-3,847
Closed -$1M
MARA icon
2066
Marathon Digital Holdings
MARA
$3.9B
– –
-195,260
Closed -$3.57M
MAS icon
2067
Masco
MAS
$15.3B
– –
-31,454
Closed -$2.21M
MASI
2068
DELISTED
Masimo
MASI
– –
-2,893
Closed -$427K
MASS icon
2069
908 Devices
MASS
$364M
– –
-11,600
Closed -$102K
MATX icon
2070
Matsons
MATX
$6.18B
– –
-8,928
Closed -$880K
MAX icon
2071
MediaAlpha
MAX
$821M
– –
-12,289
Closed -$140K
MBIN icon
2072
Merchants Bancorp
MBIN
$2.49B
– –
-7,056
Closed -$224K
MC icon
2073
Moelis & Co
MC
$4.94B
– –
-9,400
Closed -$670K
MCO icon
2074
Moody's
MCO
$82.7B
– –
-921
Closed -$439K
MCY icon
2075
Mercury Insurance
MCY
$6.07B
– –
-6,469
Closed -$548K
81 82
83
84 85

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GKIM
GW&K Investment Management Boston, Massachusetts $11.3B AUM 31.98% 1-Year Est. Return
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
GIM
Generation Investment Management London, United Kingdom $11.2B AUM 0.58% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $11.5B AUM 15.23% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 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.