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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
SPY icon
2226
State Street SPDR S&P 500 ETF Trust
SPY
$810B
– –
-5,892
Closed -$3.93M
SPY icon
2227
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
– –
-200,000
Closed -$133M
SRCE icon
2228
1st Source
SRCE
$2.12B
– –
-6,111
Closed -$376K
SSL icon
2229
Sasol
SSL
$7.1B
– –
-10,100
Closed -$62.8K
SSNC icon
2230
SS&C Technologies
SSNC
$18.6B
– –
-2,759
Closed -$245K
STKL
2231
DELISTED
SunOpta
STKL
– –
-13,879
Closed -$81.3K
STM icon
2232
STMicroelectronics
STM
$50B
– –
-21,395
Closed -$605K
STRA icon
2233
Strategic Education
STRA
$1.92B
– –
-14,924
Closed -$1.28M
STZ icon
2234
Constellation Brands
STZ
$23.2B
– –
-33,646
Closed -$4.53M
SUZ icon
2235
Suzano
SUZ
$10.1B
– –
-36,933
Closed -$347K
SWK icon
2236
Stanley Black & Decker
SWK
$15.7B
– –
-26,734
Closed -$1.99M
SWX icon
2237
Southwest Gas
SWX
$6.67B
– –
-2,849
Closed -$223K
SXT icon
2238
Sensient Technologies
SXT
$5.53B
– –
-4,189
Closed -$393K
SYF icon
2239
Synchrony
SYF
$25.6B
– –
-69,526
Closed -$4.94M
SYNA icon
2240
Synaptics
SYNA
$4.15B
– –
-15,451
Closed -$1.06M
TAC icon
2241
CALL
TransAlta
TAC
$3.93B
– –
-100,000
Closed -$1.37M
TAC icon
2242
TransAlta
TAC
$3.93B
– –
-142,620
Closed -$1.95M
TALK icon
2243
Talkspace
TALK
$874M
– –
-36,320
Closed -$100K
TCPC icon
2244
BlackRock TCP Capital
TCPC
$345M
– –
-24,550
Closed -$152K
TDC icon
2245
Teradata
TDC
$2.55B
– –
-10,028
Closed -$216K
TDW icon
2246
Tidewater
TDW
$4.12B
– –
-31,361
Closed -$1.67M
TGB
2247
Trekor Metals
TGB
$3.05B
– –
-14,364
Closed -$60.8K
TGNA
2248
DELISTED
TEGNA Inc
TGNA
– –
-56,700
Closed -$1.15M
THS
2249
DELISTED
Treehouse Foods
THS
– –
-61,804
Closed -$1.25M
TITN icon
2250
Titan Machinery
TITN
$445M
– –
-15,846
Closed -$265K
88 89
90
91 92

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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.