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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
+5.55%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$3.81B
AUM Growth
+$818M
Cap. Flow
+$511M
Cap. Flow %
13.41%
Top 10 Hldgs %
78.01%
Holding
134
New
43
Increased
32
Reduced
14
Closed
16

Top Buys

Rank Stock Value
1
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$38.2M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$29.3M
3
SMH icon
VanEck Semiconductor ETF
SMH
+$9.83M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$6.09M
5
GLD icon
SPDR Gold Trust
GLD
+$5.98M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$38.2M
2
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$12.6M
3
BABA icon
Alibaba
BABA
+$10.7M
4
XME icon
State Street SPDR S&P Metals & Mining ETF
XME
+$3.92M
5
FCG icon
First Trust Natural Gas ETF
FCG
+$3.68M

Sector Composition

Rank Sector Weight
1 Healthcare 1.53%
2 Technology 1.47%
3 Financials 0.52%
4 Communication Services 0.29%
5 Consumer Discretionary 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$455B
$1.15B 30.22%
3,586,400
+60,000
+2% +$17.7M
HYG icon
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$816M 21.42%
10,800,600
+4,700,600
+77% +$352M
LQD icon
3
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$241M 6.33%
+2,200,000
New +$238M
HYG icon
4
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$159M 4.17%
2,100,000
-1,828,200
-47% -$137M
GLD icon
5
CALL
SPDR Gold Trust
GLD
$131B
$137M 3.61%
750,000
-678,500
-47% -$119M
EMB icon
6
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$108M 2.83%
1,250,000
+750,000
+150% +$64.6M
EMB icon
7
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$101M 2.66%
1,175,000
-325,000
-22% -$28M
IWM icon
8
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$91.9M 2.41%
+515,000
New +$94.8M
LQD icon
9
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$87.7M 2.3%
800,000
+500,000
+167% +$54.1M
SLV icon
10
CALL
iShares Silver Trust
SLV
$28.1B
$78.7M 2.07%
3,560,000
-3,373,300
-49% -$69.9M
IWM icon
11
CALL
iShares Russell 2000 ETF
IWM
$80.9B
$74M 1.94%
+415,000
New +$76.4M
EMB icon
12
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$60.8M 1.6%
705,000
+340,350
+93% +$29.3M
TLT icon
13
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$53.2M 1.4%
500,000
+365,000
+270% +$38.2M
SMH icon
14
PUT
VanEck Semiconductor ETF
SMH
$67.6B
$52.6M 1.38%
+400,000
New +$48M
QQQ icon
15
CALL
Invesco QQQ Trust
QQQ
$455B
$51.3M 1.35%
+160,000
New +$47.2M
ITA icon
16
CALL
iShares US Aerospace & Defense ETF
ITA
$14.2B
$44.9M 1.18%
+390,000
New +$44.4M
MRNA icon
17
Moderna
MRNA
$21.5B
$39.9M 1.05%
260,000
+30,000
+13% +$4.95M
KWEB icon
18
CALL
KraneShares CSI China Internet ETF
KWEB
$5.2B
$39.8M 1.04%
1,275,000
-1,275,000
-50% -$40.8M
LQD icon
19
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$30.9M 0.81%
282,000
-19,000
-6% -$2.06M
EEM icon
20
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$30.6M 0.8%
775,000
+675,000
+675% +$26.8M
CME icon
21
CME Group
CME
$92.2B
$19.6M 0.52%
102,553
– –
URA icon
22
Global X Uranium ETF
URA
$5.52B
$19.1M 0.5%
959,200
+44,200
+5% +$934K
SMH icon
23
VanEck Semiconductor ETF
SMH
$67.6B
$16.3M 0.43%
124,000
+82,000
+195% +$9.83M
ITA icon
24
PUT
iShares US Aerospace & Defense ETF
ITA
$14.2B
$15M 0.39%
+130,000
New +$14.8M
GDX icon
25
CALL
VanEck Gold Miners ETF
GDX
$23B
$14.7M 0.39%
+454,500
New +$13.7M
1
2 3 4 5

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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 Q1 2023 Portfolio in Review

As of Q1 2023, Brevan Howard Capital Management held 134 positions worth $3.81B, up 27% from $2.99B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Brevan Howard Capital Management deployed $511M of net new capital in Q1 2023, opening 43 new positions and adding to 32 existing holdings. Its largest new stake was Invesco QQQ Trust: 20,650 shares worth $6.63M.

By sector, the portfolio is most concentrated in Healthcare at 1.5% of assets, down from 1.7% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was State Street SPDR S&P Metals & Mining ETF, an estimated $3.92M trimmed.

  • Brevan Howard Capital Management's largest Q1 2023 buy was Invesco QQQ Trust: 20,650 shares worth $6.63M.
  • Brevan Howard Capital Management added most to iShares 20+ Year Treasury Bond ETF in Q1 2023, an estimated $38.2M increase.
  • Brevan Howard Capital Management's biggest Q1 2023 reduction was State Street SPDR S&P Metals & Mining ETF, cutting an estimated $3.92M.
  • Brevan Howard Capital Management fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2023, selling an estimated $38.2M.
  • Brevan Howard Capital Management's ten largest holdings make up 78% of its $3.81B portfolio in Q1 2023.
  • Brevan Howard Capital Management opened 43 new positions and closed 16 in Q1 2023.
  • Brevan Howard Capital Management's portfolio value rose 27% quarter-over-quarter to $3.81B.

Based on Brevan Howard Capital Management's 13F filing for Q1 2023, filed 15 May 2023.