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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
-3.79%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$7.76B
AUM Growth
+$2.97B
Cap. Flow
+$3.25B
Cap. Flow %
41.9%
Top 10 Hldgs %
89.2%
Holding
459
New
273
Increased
39
Reduced
24
Closed
76

Top Buys

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$12.9M
2
DIS icon
Walt Disney
DIS
+$5.92M
3
SGEN
Seagen Inc. Common Stock
SGEN
+$5.48M
4
BKLN icon
Invesco Senior Loan ETF
BKLN
+$3.68M
5
WW
WW International
WW
+$2.85M

Top Sells

Rank Stock Value
1
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$81M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$53.7M
3
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$23.8M
4
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$21M
5
URA icon
Global X Uranium ETF
URA
+$20.5M

Sector Composition

Rank Sector Weight
1 Healthcare 0.6%
2 Technology 0.48%
3 Financials 0.42%
4 Consumer Discretionary 0.34%
5 Industrials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EEM icon
1
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$1.4B 18.1%
+37,015,000
New +$1.47B
HYG icon
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$1.16B 14.93%
+15,719,000
New +$1.17B
TLT icon
3
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$865M 11.14%
+9,750,100
New +$937M
EEM icon
4
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$838M 10.79%
+22,071,000
New +$874M
XLF icon
5
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$822M 10.59%
+24,787,000
New +$854M
HYG icon
6
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$598M 7.71%
+8,118,000
New +$606M
QQQ icon
7
PUT
Invesco QQQ Trust
QQQ
$455B
$595M 7.66%
1,659,600
-588,500
-26% -$218M
XLF icon
8
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$372M 4.79%
+11,212,800
New +$386M
EMB icon
9
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$161M 2.07%
+1,950,000
New +$166M
SLV icon
10
CALL
iShares Silver Trust
SLV
$28.1B
$109M 1.4%
5,347,700
– –
NEM icon
11
CALL
Newmont
NEM
$98.2B
$92.4M 1.19%
2,500,000
+1,000,000
+67% +$40.7M
IWM icon
12
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$62.1M 0.8%
+351,600
New +$66M
QQQ icon
13
CALL
Invesco QQQ Trust
QQQ
$455B
$58.2M 0.75%
162,500
+30,000
+23% +$11.1M
GDX icon
14
CALL
VanEck Gold Miners ETF
GDX
$23B
$40.4M 0.52%
+1,500,000
New +$44.2M
IWM icon
15
CALL
iShares Russell 2000 ETF
IWM
$80.9B
$40M 0.52%
+226,500
New +$42.5M
EWZ icon
16
iShares MSCI Brazil ETF
EWZ
$9.05B
$32.4M 0.42%
1,055,000
-750,000
-42% -$23.8M
LQD icon
17
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$30.6M 0.39%
+300,000
New +$31.6M
XME icon
18
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.05B
$23.1M 0.3%
+440,000
New +$22.8M
EWZ icon
19
CALL
iShares MSCI Brazil ETF
EWZ
$9.05B
$23M 0.3%
+750,000
New +$23.8M
CME icon
20
CME Group
CME
$92.2B
$20.5M 0.26%
102,553
– –
TLT icon
21
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$17.7M 0.23%
+200,000
New +$19.2M
MRNA icon
22
Moderna
MRNA
$21.5B
$16.2M 0.21%
157,000
– –
SPY icon
23
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$15M 0.19%
+35,000
New +$15.6M
XLF icon
24
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$12.4M 0.16%
+374,801
New +$12.9M
XBI icon
25
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.1B
$11M 0.14%
+150,000
New +$12M
1
2 3 4 5

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VLKIM
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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 Q3 2023 Portfolio in Review

As of Q3 2023, Brevan Howard Capital Management held 459 positions worth $7.76B, up 62% from $4.79B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Brevan Howard Capital Management deployed $3.25B of net new capital in Q3 2023, opening 273 new positions and adding to 39 existing holdings. Its largest new stake was State Street Financial Select Sector SPDR ETF: 374,801 shares worth $12.4M.

By sector, the portfolio is most concentrated in Healthcare at 0.6% of assets, down from 0.83% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was iShares JPMorgan USD Emerging Markets Bond ETF, an estimated $53.7M trimmed.

  • Brevan Howard Capital Management's largest Q3 2023 buy was State Street Financial Select Sector SPDR ETF: 374,801 shares worth $12.4M.
  • Brevan Howard Capital Management added most to Spirit AeroSystems in Q3 2023, an estimated $1.92M increase.
  • Brevan Howard Capital Management's biggest Q3 2023 reduction was iShares JPMorgan USD Emerging Markets Bond ETF, cutting an estimated $53.7M.
  • Brevan Howard Capital Management fully exited iShares 20+ Year Treasury Bond ETF in Q3 2023, selling an estimated $81M.
  • Brevan Howard Capital Management's ten largest holdings make up 89% of its $7.76B portfolio in Q3 2023.
  • Brevan Howard Capital Management opened 273 new positions and closed 76 in Q3 2023.
  • Brevan Howard Capital Management's portfolio value rose 62% quarter-over-quarter to $7.76B.

Based on Brevan Howard Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.