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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
+3.05%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$4.79B
AUM Growth
+$981M
(+26%)
Cap. Flow
+$2.24B
Cap. Flow
% of AUM
46.72%
Top 10 Holdings %
Top 10 Hldgs %
87.57%
Holding
229
New
113
Increased
21
Reduced
17
Closed
42
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Brazil ETF
EWZ
|
+$53.7M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$35.6M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$25.2M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$12.8M |
| 5 |
Iovance Biotherapeutics
IOVA
|
+$6.78M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$27.6M |
| 2 |
VanEck Semiconductor ETF
SMH
|
+$16.3M |
| 3 |
Moderna
MRNA
|
+$13.7M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$6.95M |
| 5 |
SPDR Gold Trust
GLD
|
+$6.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.2% |
| 2 | Healthcare | 0.83% |
| 3 | Communication Services | 0.47% |
| 4 | Financials | 0.43% |
| 5 | Consumer Discretionary | 0.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
iShares S&P 100 ETF
OEF
$19.8B
| $1.1B | 23.04% |
+13,000,600
| New | +$2.53B |
|
2
PUT
iShares Morningstar Value ETF
ILCV
$1.3B
| $1.07B | 22.31% |
+14,200,000
| New | +$915M |
|
|
3
PUT
Invesco QQQ Trust
QQQ
$455B
| $830M | 17.34% |
2,248,100
-1,338,300
| -37% | -$451M |
|
|
4
CALL
iShares Morningstar Value ETF
ILCV
$1.3B
| $436M | 9.1% |
+5,668,000
| New | +$365M |
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $199M | 4.16% |
450,000
+440,000
| +4,400% | +$185M |
|
|
6
PUT
iShares S&P 100 ETF
OEF
$19.8B
| $165M | 3.43% |
+1,861,000
| New | +$362M |
|
7
CALL
Microsoft
MSFT
$2.84T
| $129M | 2.7% |
+380,000
| New | +$119M |
|
8
CALL
iShares Silver Trust
SLV
$28.1B
| $112M | 2.33% |
5,347,700
+1,787,700
| +50% | +$39.7M |
|
|
9
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $86.8M | 1.81% |
842,930
+342,930
| +69% | +$35.6M |
|
10
CALL
Newmont
NEM
$98.2B
| $64M | 1.34% |
+1,500,000
| New | +$68.1M |
|
11
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $63.5M | 1.33% |
734,035
+29,035
| +4% | +$2.48M |
|
|
12
iShares MSCI Brazil ETF
EWZ
$9.05B
| $58.5M | 1.22% |
+1,805,000
| New | +$53.7M |
|
|
13
CALL
Invesco QQQ Trust
QQQ
$455B
| $48.9M | 1.02% |
132,500
-27,500
| -17% | -$9.26M |
|
14
PUT
State Street SPDR NYSE Technology ETF
XNTK
$2.06B
| $32.7M | 0.68% |
+800,000
| New | +$100M |
|
|
15
iShares MSCI Emerging Markets ETF
EEM
$28B
| $25.3M | 0.53% |
+640,000
| New | +$25.2M |
|
16
PUT
Invesco Aerospace & Defense ETF
PPA
$8.27B
| $22.4M | 0.47% |
+150,000
| New | +$12.1M |
|
17
Global X Uranium ETF
URA
$5.52B
| $20.5M | 0.43% |
945,000
-14,200
| -1% | -$291K |
|
|
18
Moderna
MRNA
$21.5B
| $19.1M | 0.4% |
157,000
-103,000
| -40% | -$13.7M |
|
19
CME Group
CME
$92.2B
| $19M | 0.4% |
102,553
| – | – |
|
|
20
iShares TIPS Bond ETF
TIP
$14.5B
| $12.7M | 0.26% |
+117,600
| New | +$12.8M |
|
|
21
Iovance Biotherapeutics
IOVA
$2.23B
| $10.4M | 0.22% |
1,481,435
+947,265
| +177% | +$6.78M |
|
22
PUT
Bank OZK
OZK
$5.49B
| $8.33M | 0.17% |
207,500
+194,500
| +1,496% | +$6.98M |
|
|
EDR
23
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $6.22M | 0.13% |
260,000
+120,000
| +86% | +$2.83M |
|
|
WWE
24
DELISTED
World Wrestling Entertainment
WWE
| $5.97M | 0.12% |
+55,000
| New | +$5.69M |
|
|
VMW
25
DELISTED
VMware, Inc
VMW
| $5.91M | 0.12% |
41,156
| – | – |
|
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Brevan Howard Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Brevan Howard Capital Management held 229 positions worth $4.79B, up 26% from $3.81B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Brevan Howard Capital Management deployed $2.24B of net new capital in Q2 2023, opening 113 new positions and adding to 21 existing holdings. Its largest new stake was iShares MSCI Brazil ETF: 1,805,000 shares worth $58.5M.
By sector, the portfolio is most concentrated in Technology at 1.2% of assets, down from 1.5% a quarter earlier, followed by Healthcare and Communication Services.
On the sell side, the largest reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $27.6M trimmed.
- Brevan Howard Capital Management's largest Q2 2023 buy was iShares MSCI Brazil ETF: 1,805,000 shares worth $58.5M.
- Brevan Howard Capital Management added most to iShares 20+ Year Treasury Bond ETF in Q2 2023, an estimated $35.6M increase.
- Brevan Howard Capital Management's biggest Q2 2023 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $27.6M.
- Brevan Howard Capital Management fully exited VanEck Semiconductor ETF in Q2 2023, selling an estimated $16.3M.
- Brevan Howard Capital Management's ten largest holdings make up 88% of its $4.79B portfolio in Q2 2023.
- Brevan Howard Capital Management opened 113 new positions and closed 42 in Q2 2023.
- Brevan Howard Capital Management's portfolio value rose 26% quarter-over-quarter to $4.79B.
Based on Brevan Howard Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.