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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
ATYR
2326
aTyr Pharma
ATYR
$50.1M
– –
-234,613
Closed -$169K
ONIT
2327
Onity Group
ONIT
$332M
– –
-5,500
Closed -$220K
AIOT
2328
PowerFleet Inc
AIOT
$592M
– –
-33,934
Closed -$178K
ETHA
2329
CALL
iShares Ethereum Trust ETF
ETHA
$5.66B
– –
-101,600
Closed -$3.2M
UCB
2330
United Community Banks
UCB
$4.28B
– –
-46,917
Closed -$1.47M
SARO
2331
StandardAero Inc
SARO
$9.7B
– –
-22,563
Closed -$616K
SOBO
2332
South Bow Corp
SOBO
$7.43B
– –
-11,256
Closed -$318K
MAGN
2333
Magnera Corp
MAGN
$460M
– –
-17,279
Closed -$203K
PHLT
2334
DELISTED
Performant Healthcare Inc
PHLT
– –
-64,080
Closed -$495K
XYZ
2335
Block Inc
XYZ
$47.5B
– –
-24,760
Closed -$1.79M
MRP
2336
Millrose Properties Inc
MRP
$4.81B
– –
-16,370
Closed -$550K
QVCGA
2337
DELISTED
QVC Group Inc Series A
QVCGA
– –
-12,400
Closed -$167K
NAGE
2338
Niagen Bioscience
NAGE
$247M
– –
-10,291
Closed -$96K
GLXY
2339
CALL
Galaxy Digital Inc
GLXY
$3.93B
– –
-150,000
Closed -$5.07M
RAL
2340
Ralliant Corp
RAL
$7.46B
– –
-10,432
Closed -$456K
WW
2341
WW International
WW
$181M
– –
-7,645
Closed -$209K
LBRX
2342
LB Pharmaceuticals
LBRX
$1.38B
– –
-13,259
Closed -$209K
LGN
2343
Legence Corp
LGN
$4.95B
– –
-12,000
Closed -$370K
VIA
2344
Via Transportation Inc
VIA
$1.81B
– –
-12,200
Closed -$586K
BRCB
2345
Black Rock Coffee Bar Inc
BRCB
$159M
– –
-18,800
Closed -$449K
GEMI
2346
Gemini Space Station
GEMI
$517M
– –
-78,725
Closed -$1.89M
NTSK
2347
Netskope Inc
NTSK
$6.01B
– –
-38,750
Closed -$881K
90 91 92 93
94

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DCP
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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.