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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
MYGN icon
2101
Myriad Genetics
MYGN
$312M
– –
-21,900
Closed -$158K
NATL icon
2102
NCR Atleos
NATL
$3.44B
– –
-7,441
Closed -$293K
NDAQ icon
2103
Nasdaq
NDAQ
$52.9B
– –
-30,248
Closed -$2.68M
NEM icon
2104
CALL
Newmont
NEM
$119B
– –
-2,100,000
Closed -$177M
NFE icon
2105
New Fortress Energy
NFE
$101M
– –
-178,127
Closed -$394K
NGNE icon
2106
Neurogene
NGNE
$712M
– –
-12,878
Closed -$223K
NGVT icon
2107
Ingevity
NGVT
$2.68B
– –
-12,999
Closed -$717K
NIO icon
2108
CALL
NIO
NIO
$11.9B
– –
-300,000
Closed -$2.29M
NKTR icon
2109
Nektar Therapeutics
NKTR
$2.58B
– –
-4,109
Closed -$234K
NMFC icon
2110
New Mountain Finance
NMFC
$732M
– –
-45,295
Closed -$437K
NMR icon
2111
Nomura Holdings
NMR
$29.1B
– –
-62,160
Closed -$452K
NOV icon
2112
NOV
NOV
$7B
– –
-105,647
Closed -$1.4M
NRG icon
2113
PUT
NRG Energy
NRG
$24.8B
– –
-10,000
Closed -$1.62M
NSIT icon
2114
Insight Enterprises
NSIT
$4.38B
– –
-6,609
Closed -$750K
NSP icon
2115
Insperity
NSP
$2.01B
– –
-32,330
Closed -$1.59M
NTCT icon
2116
NETSCOUT
NTCT
$2.79B
– –
-20,921
Closed -$540K
NUVB icon
2117
Nuvation Bio
NUVB
$2.32B
– –
-203,002
Closed -$751K
NVS icon
2118
Novartis
NVS
$297B
– –
-2,282
Closed -$293K
NVTS icon
2119
Navitas Semiconductor
NVTS
$3.63B
– –
-19,483
Closed -$141K
NWPX icon
2120
NWPX Infrastructure Inc
NWPX
$1.15B
– –
-3,800
Closed -$201K
NX icon
2121
Quanex
NX
$1.01B
– –
-25,744
Closed -$366K
TEAD
2122
Teads Holding Co
TEAD
$67.7M
– –
-47,931
Closed -$79.1K
OBK icon
2123
Origin Bancorp
OBK
$1.66B
– –
-6,821
Closed -$235K
OCFC icon
2124
OceanFirst Financial
OCFC
$1.91B
– –
-13,770
Closed -$242K
ODFL icon
2125
Old Dominion Freight Line
ODFL
$44.9B
– –
-13,196
Closed -$1.86M
83 84
85
86 87

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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.