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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
UNM icon
2276
Unum
UNM
$14.3B
– –
-10,109
Closed -$786K
UPST icon
2277
Upstart Holdings
UPST
$3.03B
– –
-55,494
Closed -$2.82M
USO icon
2278
CALL
United States Oil Fund
USO
$1.67B
– –
-300,000
Closed -$22.1M
USPH icon
2279
US Physical Therapy
USPH
$1.22B
– –
-2,543
Closed -$216K
UVE icon
2280
Universal Insurance Holdings
UVE
$1.23B
– –
-16,951
Closed -$446K
UVV icon
2281
Universal Corp
UVV
$1.27B
– –
-20,477
Closed -$1.14M
UVSP icon
2282
Univest Financial
UVSP
$1.18B
– –
-13,974
Closed -$419K
VALE icon
2283
Vale
VALE
$62.6B
– –
-281,720
Closed -$3.06M
VCEL icon
2284
Vericel Corp
VCEL
$2.31B
– –
-10,957
Closed -$345K
VFC icon
2285
VF Corp
VFC
$5.89B
– –
-13,089
Closed -$189K
VIPS icon
2286
Vipshop
VIPS
$7.53B
– –
-22,490
Closed -$442K
VLO icon
2287
CALL
Valero Energy
VLO
$85.9B
– –
-10,875
Closed -$1.85M
VMEO
2288
DELISTED
Vimeo
VMEO
– –
-20,858
Closed -$162K
VMI icon
2289
Valmont Industries
VMI
$9.53B
– –
-1,232
Closed -$478K
VNT icon
2290
Vontier
VNT
$4.74B
– –
-17,572
Closed -$737K
VOD icon
2291
Vodafone
VOD
$37.4B
– –
-133,608
Closed -$1.55M
VRNT
2292
DELISTED
Verint Systems
VRNT
– –
-45,221
Closed -$916K
VTLE
2293
DELISTED
Vital Energy
VTLE
– –
-43,305
Closed -$731K
W icon
2294
Wayfair
W
$14.6B
– –
-19,867
Closed -$1.77M
WBD icon
2295
CALL
Warner Bros
WBD
$67.1B
– –
-57,300
Closed -$1.12M
WBD icon
2296
Warner Bros
WBD
$67.1B
– –
-458,385
Closed -$8.95M
WDC icon
2297
Western Digital
WDC
$150B
– –
-64,773
Closed -$7.78M
WERN icon
2298
Werner Enterprises
WERN
$2.25B
– –
-27,292
Closed -$718K
WIT icon
2299
Wipro
WIT
$20B
– –
-128,833
Closed -$339K
WK icon
2300
Workiva
WK
$3.54B
– –
-3,540
Closed -$305K
90 91
92
93 94

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VLKIM
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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.