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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
SGRY icon
2201
Surgery Partners
SGRY
$2.03B
– –
-16,464
Closed -$356K
SHAK icon
2202
Shake Shack
SHAK
$2.87B
– –
-20,135
Closed -$1.88M
SHEL icon
2203
Shell
SHEL
$245B
– –
-16,559
Closed -$1.18M
SHO icon
2204
Sunstone Hotel Investors
SHO
$2.06B
– –
-21,775
Closed -$204K
SHOO icon
2205
Steven Madden
SHOO
$3.55B
– –
-34,026
Closed -$1.14M
SHOP icon
2206
Shopify
SHOP
$195B
– –
-2,100
Closed -$312K
SIBN icon
2207
SI-BONE Inc
SIBN
$834M
– –
-20,437
Closed -$301K
SID icon
2208
Companhia Siderúrgica Nacional
SID
$1.23B
– –
-31,105
Closed -$46.7K
SIRI icon
2209
SiriusXM
SIRI
$10.1B
– –
-24,682
Closed -$575K
SITM icon
2210
SiTime
SITM
$21.8B
– –
-2,805
Closed -$845K
SKWD icon
2211
Skyward Specialty Insurance
SKWD
$2.58B
– –
-4,256
Closed -$202K
SKYW icon
2212
Skywest
SKYW
$4.34B
– –
-3,672
Closed -$369K
SLG icon
2213
SL Green Realty
SLG
$3.99B
– –
-4,097
Closed -$245K
SLP icon
2214
Simulations Plus
SLP
$371M
– –
-34,643
Closed -$522K
SMFG icon
2215
Sumitomo Mitsui Financial
SMFG
$164B
– –
-12,017
Closed -$201K
SMG icon
2216
ScottsMiracle-Gro
SMG
$3.66B
– –
-7,942
Closed -$452K
SMLR
2217
DELISTED
Semler Scientific
SMLR
– –
-27,815
Closed -$834K
SMMT icon
2218
Summit Therapeutics
SMMT
$11.1B
– –
-11,351
Closed -$235K
SMTC icon
2219
Semtech
SMTC
$13B
– –
-32,798
Closed -$2.34M
SNBR
2220
DELISTED
Sleep Number
SNBR
– –
-23,400
Closed -$164K
SNV
2221
DELISTED
Synovus
SNV
– –
-41,704
Closed -$2.05M
SON icon
2222
Sonoco
SON
$5.74B
– –
-24,839
Closed -$1.07M
SPGI icon
2223
S&P Global
SPGI
$120B
– –
-5,627
Closed -$2.74M
SPR
2224
DELISTED
Spirit AeroSystems
SPR
– –
-354,742
Closed -$13.7M
SPRY icon
2225
ARS Pharmaceuticals
SPRY
$612M
– –
-67,212
Closed -$675K
87 88
89
90 91

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GKIM
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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.