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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
PLOW icon
2151
Douglas Dynamics
PLOW
$1.02B
– –
-18,591
Closed -$581K
PM icon
2152
Philip Morris
PM
$295B
– –
-47,969
Closed -$7.78M
PNC icon
2153
PNC Financial Services
PNC
$101B
– –
-9,406
Closed -$1.89M
PNFP icon
2154
Pinnacle Financial Partners Inc
PNFP
$15.8B
– –
-25,946
Closed -$2.43M
POET icon
2155
POET Technologies
POET
$1.54B
– –
-21,080
Closed -$117K
POST icon
2156
Post Holdings
POST
$3.57B
– –
-16,113
Closed -$1.73M
PPG icon
2157
PPG Industries
PPG
$26.6B
– –
-3,380
Closed -$355K
PRO
2158
DELISTED
PROS Holdings
PRO
– –
-9,750
Closed -$223K
PRTH icon
2159
Priority Technology Holdings
PRTH
$444M
– –
-14,600
Closed -$100K
PSNL icon
2160
Personalis
PSNL
$1.51B
– –
-14,855
Closed -$96.9K
PSTL
2161
Postal Realty Trust
PSTL
$699M
– –
-17,800
Closed -$279K
PTC icon
2162
PTC
PTC
$16B
– –
-9,812
Closed -$1.99M
PTGX icon
2163
Protagonist Therapeutics
PTGX
$9.44B
– –
-7,598
Closed -$505K
PUBM icon
2164
PubMatic
PUBM
$810M
– –
-40,577
Closed -$336K
QCOM icon
2165
CALL
Qualcomm
QCOM
$176B
– –
-92,600
Closed -$15.4M
QCOM icon
2166
PUT
Qualcomm
QCOM
$176B
– –
-92,600
Closed -$15.4M
QNST icon
2167
QuinStreet
QNST
$1.21B
– –
-35,379
Closed -$547K
QQQ icon
2168
PUT
Invesco QQQ Trust
QQQ
$481B
– –
-40,000
Closed -$24M
QSR icon
2169
Restaurant Brands International
QSR
$25.8B
– –
-7,573
Closed -$486K
RBA icon
2170
RB Global
RBA
$17.5B
– –
-18,652
Closed -$2.02M
RCUS icon
2171
Arcus Biosciences
RCUS
$3.64B
– –
-42,113
Closed -$573K
RDN icon
2172
Radian Group
RDN
$4.93B
– –
-25,776
Closed -$934K
RERE
2173
ATRenew
RERE
$1.01B
– –
-10,619
Closed -$48.8K
REZI icon
2174
Resideo Technologies
REZI
$3.95B
– –
-34,293
Closed -$1.48M
RGA icon
2175
Reinsurance Group of America
RGA
$16.1B
– –
-2,827
Closed -$543K
85 86
87
88 89

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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
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.