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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
PLD icon
201
Prologis
PLD
$133B
$5.41M 0.06%
42,358
-40,446
-49% -$5.04M
GM icon
202
CALL
General Motors
GM
$76.8B
$5.39M 0.06%
+66,300
New +$4.67M
QXO
203
QXO Inc
QXO
$17.4B
$5.39M 0.06%
266,897
+2,951
+1% +$56.6K
CAT icon
204
CALL
Caterpillar
CAT
$387B
$5.35M 0.06%
9,300
+8,100
+675% +$4.5M
MO icon
205
Altria Group
MO
$114B
$5.34M 0.06%
92,652
-66,697
-42% -$4.03M
JEF icon
206
Jefferies Financial Group
JEF
$13.1B
$5.3M 0.06%
85,508
+81,710
+2,151% +$4.68M
GGAL icon
207
Galicia Financial Group
GGAL
$7.42B
$5.26M 0.06%
97,856
+70,258
+255% +$3.29M
PCG icon
208
PG&E
PCG
$38.5B
$5.23M 0.06%
325,299
+108,602
+50% +$1.73M
PFSI icon
209
PennyMac Financial
PFSI
$4.02B
$5.21M 0.06%
+39,521
New +$5.04M
ROK icon
210
Rockwell Automation
ROK
$49B
$5.21M 0.06%
13,388
-8,778
-40% -$3.3M
MMM icon
211
CALL
3M
MMM
$94.3B
$5.17M 0.06%
+32,300
New +$5.28M
XLU icon
212
State Street Utilities Select Sector SPDR ETF
XLU
$22.5B
$5.12M 0.06%
+120,000
New +$5.31M
FCX icon
213
Freeport-McMoran
FCX
$97.5B
$5.12M 0.06%
100,799
+33,187
+49% +$1.44M
MA icon
214
Mastercard
MA
$493B
$5.1M 0.06%
8,939
-1,191
-12% -$666K
ORLY icon
215
O'Reilly Automotive
ORLY
$76.3B
$5.1M 0.06%
55,906
+40,527
+264% +$3.96M
DAL icon
216
Delta Air Lines
DAL
$60.1B
$5.07M 0.06%
72,900
-44,019
-38% -$2.75M
RKT icon
217
Rocket Companies
RKT
$38.9B
$5.02M 0.05%
257,746
+227,328
+747% +$4.06M
CTSH icon
218
Cognizant
CTSH
$26B
$5.02M 0.05%
60,506
+10,171
+20% +$761K
STT icon
219
State Street
STT
$50.7B
$5.02M 0.05%
38,890
+15,581
+67% +$1.87M
SPHR icon
220
Sphere Entertainment
SPHR
$5.73B
$5.01M 0.05%
52,740
+5,779
+12% +$440K
MLYS icon
221
Mineralys Therapeutics
MLYS
$2.41B
$4.98M 0.05%
+139,293
New +$5.59M
ABVX
222
Abivax
ABVX
$11.4B
$4.96M 0.05%
+37,270
New +$4.07M
FHN icon
223
First Horizon
FHN
$12.1B
$4.94M 0.05%
206,637
-48,483
-19% -$1.08M
MMM icon
224
3M
MMM
$94.3B
$4.93M 0.05%
30,783
+2,855
+10% +$467K
TMO icon
225
Thermo Fisher Scientific
TMO
$220B
$4.91M 0.05%
8,467
+3,590
+74% +$2.03M
7 8
9
10 11

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ERSOT
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GIM
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DWM
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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.