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BHCM
Brevan Howard Capital Management Portfolio holdings
AUM
$11.3B
1-Year Est. Return
35.84%
This Fund
S&P 500
This Quarter
Est. Return
+1.06%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$288M
AUM Growth
+$73.4M
(+34%)
Cap. Flow
+$74.8M
Cap. Flow
% of AUM
26.01%
Top 10 Holdings %
Top 10 Hldgs %
83.44%
Holding
40
New
8
Increased
4
Reduced
1
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares China Large-Cap ETF
FXI
|
+$103M |
| 2 |
SPDR Gold Trust
GLD
|
+$50M |
| 3 |
State Street SPDR S&P Retail ETF
XRT
|
+$21.6M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$8.37M |
| 5 |
AGNC Investment
AGNC
|
+$2.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$13.2M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
+$4.5M |
| 3 |
iShares MSCI Canada ETF
EWC
|
+$3.58M |
| 4 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$3.56M |
| 5 |
Apple
AAPL
|
+$3.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.8% |
| 2 | Energy | 2.34% |
| 3 | Materials | 1.84% |
| 4 | Real Estate | 1.34% |
| 5 | Industrials | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares China Large-Cap ETF
FXI
$4.31B
| $103M | 35.93% |
+2,694,419
| New | +$103M |
|
|
2
SPDR Gold Trust
GLD
$131B
| $47.3M | 16.44% |
+407,300
| New | +$50M |
|
|
3
State Street SPDR S&P Retail ETF
XRT
$365M
| $22.3M | 7.74% |
+505,474
| New | +$21.6M |
|
|
GG
4
CALL
DELISTED
Goldcorp Inc
GG
| $11.7M | 4.07% |
540,000
| – | – |
|
5
CALL
Wheaton Precious Metals
WPM
$50.6B
| $10.1M | 3.51% |
500,000
| – | – |
|
6
PUT
Applied Materials
AMAT
$426B
| $9.63M | 3.35% |
544,700
| – | – |
|
|
7
PUT
SPDR Gold Trust
GLD
$131B
| $9.29M | 3.23% |
80,000
| – | – |
|
8
PUT
CSX Corp
CSX
$98.6B
| $9.22M | 3.21% |
961,800
| – | – |
|
9
PUT
Visa
V
$677B
| $8.82M | 3.06% |
158,400
| – | – |
|
|
10
iShares MSCI Emerging Markets ETF
EEM
$28B
| $8.36M | 2.91% |
+200,000
| New | +$8.37M |
|
11
CME Group
CME
$92.2B
| $8.05M | 2.8% |
102,553
| – | – |
|
12
PUT
Johnson & Johnson
JNJ
$635B
| $7.33M | 2.55% |
80,000
| – | – |
|
13
CALL
Freeport-McMoran
FCX
$90B
| $7.19M | 2.5% |
190,500
| – | – |
|
|
14
PUT
Freeport-McMoran
FCX
$90B
| $7.19M | 2.5% |
190,500
| – | – |
|
15
Transocean
RIG
$5.92B
| $5.36M | 1.86% |
108,523
+5,810
| +6% | +$284K |
|
16
The Mosaic Company
MOS
$7.09B
| $5.05M | 1.75% |
106,803
+7,572
| +8% | +$351K |
|
|
17
AGNC Investment
AGNC
$12.3B
| $3.86M | 1.34% |
200,000
+100,000
| +100% | +$2.13M |
|
|
RSX
18
DELISTED
VanEck Russia ETF
RSX
| $1.2M | 0.42% |
41,400
+3,900
| +10% | +$112K |
|
|
PTR
19
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $1.16M | 0.4% |
+10,560
| New | +$1.21M |
|
20
iShares MSCI China ETF
MCHI
$6.04B
| $413K | 0.14% |
+8,700
| New | +$415K |
|
|
21
CSX Corp
CSX
$98.6B
| $394K | 0.14% |
+41,094
| New | +$368K |
|
|
MON
22
DELISTED
Monsanto Co
MON
| $259K | 0.09% |
+2,224
| New | +$243K |
|
23
ExxonMobil
XOM
$651B
| $208K | 0.07% |
2,053
-32,090
| -94% | -$2.97M |
|
|
24
Apple
AAPL
$4.89T
| – | – |
-207,200
| Closed | -$3.53M |
|
|
25
CALL
Applied Materials
AMAT
$426B
| – | – |
-544,700
| Closed | -$9.55M |
|
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Brevan Howard Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Brevan Howard Capital Management held 40 positions worth $288M, up 34% from $214M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Brevan Howard Capital Management deployed $74.8M of net new capital in Q4 2013, opening 8 new positions and adding to 4 existing holdings. Its largest new stake was iShares China Large-Cap ETF: 2,694,419 shares worth $103M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, down from 3.5% a quarter earlier, followed by Energy and Materials.
On the sell side, the largest reduction was ExxonMobil, an estimated $2.97M trimmed.
- Brevan Howard Capital Management's largest Q4 2013 buy was iShares China Large-Cap ETF: 2,694,419 shares worth $103M.
- Brevan Howard Capital Management added most to AGNC Investment in Q4 2013, an estimated $2.13M increase.
- Brevan Howard Capital Management's biggest Q4 2013 reduction was ExxonMobil, cutting an estimated $2.97M.
- Brevan Howard Capital Management fully exited iShares MSCI Japan ETF in Q4 2013, selling an estimated $13.2M.
- Brevan Howard Capital Management's ten largest holdings make up 83% of its $288M portfolio in Q4 2013.
- Brevan Howard Capital Management opened 8 new positions and closed 17 in Q4 2013.
- Brevan Howard Capital Management's portfolio value rose 34% quarter-over-quarter to $288M.
Based on Brevan Howard Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.