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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
MELI icon
2076
Mercado Libre
MELI
$92.3B
– –
-3,791
Closed -$8.94M
MERC icon
2077
Mercer International
MERC
$39.8M
– –
-59,007
Closed -$170K
META icon
2078
CALL
Meta Platforms (Facebook)
META
$1.51T
– –
-1,740,000
Closed -$1.28B
MGA icon
2079
Magna International
MGA
$18.8B
– –
-7,247
Closed -$343K
MGEE icon
2080
MGE Energy Inc
MGEE
$3.08B
– –
-7,825
Closed -$659K
MGPI icon
2081
MGP Ingredients
MGPI
$375M
– –
-39,706
Closed -$960K
MIR icon
2082
Mirion Technologies
MIR
$3.91B
– –
-49,910
Closed -$1.16M
MIRM icon
2083
Mirum Pharmaceuticals
MIRM
$6.14B
– –
-10,401
Closed -$762K
MLAB icon
2084
Mesa Laboratories
MLAB
$574M
– –
-5,977
Closed -$401K
MMS icon
2085
Maximus
MMS
$3.1B
– –
-26,232
Closed -$2.4M
MNSO icon
2086
MINISO
MNSO
$3.75B
– –
-13,654
Closed -$307K
MP icon
2087
CALL
MP Materials
MP
$9.1B
– –
-33,000
Closed -$2.21M
MPC icon
2088
CALL
Marathon Petroleum
MPC
$83.7B
– –
-10,875
Closed -$2.1M
MPWR icon
2089
Monolithic Power Systems
MPWR
$68.9B
– –
-895
Closed -$824K
MPT
2090
PUT
Medical Properties Trust
MPT
$2.81B
– –
-600,000
Closed -$3.04M
MRTN icon
2091
Marten Transport
MRTN
$1.22B
– –
-47,847
Closed -$510K
MRVI icon
2092
Maravai LifeSciences
MRVI
$919M
– –
-24,093
Closed -$69.1K
MSA icon
2093
Mine Safety
MSA
$7.49B
– –
-3,557
Closed -$612K
MSDL icon
2094
Morgan Stanley Direct Lending Fund
MSDL
$1.3B
– –
-24,309
Closed -$391K
MSFT icon
2095
CALL
Microsoft
MSFT
$3.71T
– –
-2,279,600
Closed -$1.18B
MSGS icon
2096
Madison Square Garden
MSGS
$9.39B
– –
-5,936
Closed -$1.35M
MTDR icon
2097
Matador Resources
MTDR
$6.09B
– –
-19,504
Closed -$876K
MTG icon
2098
MGIC Investment
MTG
$6.25B
– –
-166,962
Closed -$4.74M
MTN icon
2099
Vail Resorts
MTN
$5.3B
– –
-4,710
Closed -$704K
MUR icon
2100
Murphy Oil
MUR
$4.78B
– –
-10,670
Closed -$303K
82 83
84
85 86

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DCP
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VLKIM
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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.