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Brevan Howard Capital Management Portfolio holdings

AUM $13.5B
1-Year Est. Return 44.56%
This Fund
S&P 500
This Quarter Est. Return
+2.43%
1 Year Est. Return
+44.56%
3 Year Est. Return
+147.62%
5 Year Est. Return
+116.32%
10 Year Est. Return
–
AUM
$216M
AUM Growth
+$8.4M
Cap. Flow
-$19.7M
Cap. Flow %
-9.15%
Top 10 Hldgs %
93.79%
Holding
20
New
6
Increased
5
Reduced
1
Closed
6

Top Buys

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$16.4M
2
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$9.58M
3
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$8.59M
4
VALE icon
Vale
VALE
+$5.13M
5
RDN icon
Radian Group
RDN
+$1.91M

Top Sells

Rank Stock Value
1
FXI icon
iShares China Large-Cap ETF
FXI
+$23.7M
2
XRT icon
State Street SPDR S&P Retail ETF
XRT
+$19.9M
3
RSX
VanEck Russia ETF
RSX
+$7.11M
4
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$5.52M
5
OEF icon
iShares S&P 100 ETF
OEF
+$5.13M

Sector Composition

Rank Sector Weight
1 Miscellaneous 91.86%
2 Financials 5.81%
3 Materials 2.33%
4 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PKW icon
1
Invesco BuyBack Achievers ETF
PKW
$1.77B
$50M 23.19%
1,115,483
+27,283
+3% +$1.19M
GG
2
CALL
DELISTED
Goldcorp Inc
GG
$45.2M 20.95%
1,620,000
+1,080,000
+200% +$26.8M
XLF icon
3
State Street Financial Select Sector SPDR ETF
XLF
$54B
$20.9M 9.67%
1,044,833
+441,078
+73% +$8.59M
EEM icon
4
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.8B
$19M 8.82%
440,000
+140,000
+47% +$5.94M
QQQ icon
5
PUT
Invesco QQQ Trust
QQQ
$489B
$18.8M 8.7%
+200,000
New +$17.9M
GLD icon
6
SPDR Gold Trust
GLD
$149B
$16.9M 7.82%
+131,812
New +$16.4M
EWZ icon
7
iShares MSCI Brazil ETF
EWZ
$8.67B
$9.56M 4.43%
+200,000
New +$9.58M
EEM icon
8
iShares MSCI Emerging Markets ETF
EEM
$31.8B
$9.51M 4.41%
220,000
-130,000
-37% -$5.52M
CME icon
9
CME Group
CME
$98.8B
$7.28M 3.37%
102,553
– –
RDN icon
10
Radian Group
RDN
$4.81B
$5.25M 2.43%
354,596
+130,920
+59% +$1.91M
VALE icon
11
Vale
VALE
$65.7B
$5.03M 2.33%
+380,000
New +$5.13M
MCHI icon
12
iShares MSCI China ETF
MCHI
$6.14B
$3.04M 1.41%
65,500
– –
VXX
13
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$2.86M 1.33%
+6,250
New +$3.64M
SMH icon
14
PUT
VanEck Semiconductor ETF
SMH
$69.9B
$2.48M 1.15%
+100,000
New +$2.31M
FXI icon
15
iShares China Large-Cap ETF
FXI
$4.12B
– –
-663,432
Closed -$23.7M
OEF icon
16
iShares S&P 100 ETF
OEF
$20.3B
– –
-62,000
Closed -$5.13M
SPY icon
17
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$806B
– –
-200,000
Closed -$37.4M
XRT icon
18
State Street SPDR S&P Retail ETF
XRT
$274M
– –
-471,574
Closed -$19.9M
RSX
19
DELISTED
VanEck Russia ETF
RSX
– –
-296,500
Closed -$7.11M
PTR
20
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
– –
-10,560
Closed -$1.15M

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Brevan Howard Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Brevan Howard Capital Management held 20 positions worth $216M, up 4.1% from $207M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Brevan Howard Capital Management withdrew a net $19.7M in Q2 2014, closing 6 positions and reducing 1 holding. Its most notable exit was iShares China Large-Cap ETF, an estimated $23.7M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, down from 94% a quarter earlier, followed by Financials and Materials.

Against the trend, Brevan Howard Capital Management opened a new position in SPDR Gold Trust worth $16.9M.

  • Brevan Howard Capital Management's largest Q2 2014 buy was SPDR Gold Trust: 131,812 shares worth $16.9M.
  • Brevan Howard Capital Management added most to State Street Financial Select Sector SPDR ETF in Q2 2014, an estimated $8.59M increase.
  • Brevan Howard Capital Management's biggest Q2 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $5.52M.
  • Brevan Howard Capital Management fully exited iShares China Large-Cap ETF in Q2 2014, selling an estimated $23.7M.
  • Brevan Howard Capital Management's ten largest holdings make up 94% of its $216M portfolio in Q2 2014.
  • Brevan Howard Capital Management opened 6 new positions and closed 6 in Q2 2014.
  • Brevan Howard Capital Management's portfolio value rose 4.1% quarter-over-quarter to $216M.

Based on Brevan Howard Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.