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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
WLFC icon
2301
Willis Lease Finance
WLFC
$1.29B
– –
-11,160
Closed -$510K
WOR icon
2302
Worthington Enterprises
WOR
$2.86B
– –
-10,109
Closed -$561K
WPM icon
2303
Wheaton Precious Metals
WPM
$60.9B
– –
-30,020
Closed -$3.36M
WSM icon
2304
Williams-Sonoma
WSM
$29.6B
– –
-4,929
Closed -$963K
WTTR icon
2305
Select Water Solutions
WTTR
$2.61B
– –
-17,445
Closed -$186K
XHB icon
2306
State Street SPDR S&P Homebuilders ETF
XHB
$1.62B
– –
-14,254
Closed -$1.51M
XHR
2307
Xenia Hotels & Resorts
XHR
$1.79B
– –
-15,088
Closed -$207K
XLE icon
2308
CALL
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
– –
-1,000,000
Closed -$44.7M
XLF icon
2309
PUT
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
– –
-40,000
Closed -$2.15M
XLI icon
2310
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
– –
-26,000
Closed -$3.98M
XPO icon
2311
XPO
XPO
$23.7B
– –
-2,367
Closed -$306K
XPOF icon
2312
Xponential Fitness
XPOF
$211M
– –
-61,949
Closed -$483K
YELP icon
2313
Yelp
YELP
$1.41B
– –
-8,393
Closed -$262K
YMM icon
2314
Full Truck Alliance
YMM
$9.99B
– –
-11,213
Closed -$145K
ZEUS
2315
DELISTED
Olympic Steel
ZEUS
– –
-8,212
Closed -$250K
ZIP icon
2316
ZipRecruiter
ZIP
$423M
– –
-34,027
Closed -$144K
DAY
2317
DELISTED
Dayforce
DAY
– –
-13,474
Closed -$928K
ALAB icon
2318
Astera Labs
ALAB
$58B
– –
-186,984
Closed -$36.6M
CPAY icon
2319
Corpay
CPAY
$25.7B
– –
-4,364
Closed -$1.26M
DJT icon
2320
Trump Media & Technology Group
DJT
$2.83B
– –
-11,504
Closed -$189K
IBTA icon
2321
Ibotta
IBTA
$774M
– –
-8,274
Closed -$230K
OKLO
2322
Oklo
OKLO
$8.42B
– –
-1,855
Closed -$207K
VG
2323
Venture Global Inc
VG
$32.9B
– –
-120,000
Closed -$1.7M
BOW
2324
Bowhead Specialty Holdings
BOW
$1.1B
– –
-9,900
Closed -$268K
KBDC
2325
Kayne Anderson BDC
KBDC
$937M
– –
-11,700
Closed -$156K
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.