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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
+11.38%
1 Year Est. Return
+44.56%
3 Year Est. Return
+147.62%
5 Year Est. Return
+116.32%
10 Year Est. Return
–
AUM
$8.18B
AUM Growth
+$422M
Cap. Flow
+$538M
Cap. Flow %
6.58%
Top 10 Hldgs %
80.21%
Holding
1,125
New
743
Increased
197
Reduced
52
Closed
119

Top Buys

Rank Stock Value
1
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$95.9M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$37.3M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$23M
4
HD icon
Home Depot
HD
+$13.3M
5
SPIB icon
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
+$11.1M

Top Sells

Rank Stock Value
1
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$30.8M
2
CME icon
CME Group
CME
+$20.5M
3
MRNA icon
Moderna
MRNA
+$16.2M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$12.4M
5
VMW
VMware, Inc
VMW
+$6.85M

Sector Composition

Rank Sector Weight
1 Miscellaneous 91.43%
2 Technology 1.72%
3 Industrials 1.29%
4 Consumer Discretionary 1.28%
5 Financials 1.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EEM icon
1
CALL
iShares MSCI Emerging Markets ETF
EEM
$31.8B
$1.67B 20.4%
41,505,500
+4,490,500
+12% +$173M
EEM icon
2
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.8B
$1.01B 12.36%
25,148,000
+3,077,000
+14% +$119M
QQQ icon
3
CALL
Invesco QQQ Trust
QQQ
$489B
$909M 11.11%
2,220,000
+2,057,500
+1,266% +$781M
HYG icon
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.4B
$463M 5.66%
5,983,900
-9,735,100
-62% -$726M
XLP icon
5
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
$187M 2.29%
+2,601,000
New +$180M
HYG icon
6
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.4B
$155M 1.89%
2,000,000
-6,118,000
-75% -$456M
EMB icon
7
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.5B
$111M 1.35%
1,244,000
+1,139,000
+1,085% +$95.9M
IWM icon
8
PUT
iShares Russell 2000 ETF
IWM
$79B
$110M 1.35%
550,000
+198,400
+56% +$35.5M
TLT icon
9
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$46.9B
$96.9M 1.18%
980,000
+780,000
+390% +$70.5M
QQQ icon
10
PUT
Invesco QQQ Trust
QQQ
$489B
$82.9M 1.01%
202,500
-1,457,100
-88% -$553M
KWEB icon
11
CALL
KraneShares CSI China Internet ETF
KWEB
$4.78B
$78M 0.95%
+2,890,000
New +$78.3M
FXI icon
12
CALL
iShares China Large-Cap ETF
FXI
$4.12B
$75.6M 0.92%
+3,147,500
New +$79.8M
XLV icon
13
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$70.6M 0.86%
+517,500
New +$67.3M
IWM icon
14
CALL
iShares Russell 2000 ETF
IWM
$79B
$65.5M 0.8%
326,500
+100,000
+44% +$17.9M
EFA icon
15
PUT
iShares MSCI EAFE ETF
EFA
$78.8B
$60.1M 0.73%
+797,500
New +$56.4M
EWZ icon
16
CALL
iShares MSCI Brazil ETF
EWZ
$8.67B
$52.6M 0.64%
1,505,000
+755,000
+101% +$24.5M
XLV icon
17
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$40.9M 0.5%
+300,000
New +$39M
HYG icon
18
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.4B
$38.7M 0.47%
+500,000
New +$37.3M
QQQ icon
19
Invesco QQQ Trust
QQQ
$489B
$24.8M 0.3%
+60,607
New +$23M
KRE icon
20
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.24B
$23.8M 0.29%
+453,500
New +$20.3M
HD icon
21
Home Depot
HD
$310B
$16.7M 0.2%
48,275
+43,069
+827% +$13.3M
DIS icon
22
CALL
Walt Disney
DIS
$180B
$12.2M 0.15%
135,000
+65,000
+93% +$5.73M
SPIB icon
23
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.6B
$11.5M 0.14%
+350,000
New +$11.1M
NVDA icon
24
NVIDIA
NVDA
$5.4T
$11M 0.13%
221,850
+191,890
+640% +$8.89M
AAPL icon
25
Apple
AAPL
$4.6T
$9.36M 0.11%
48,608
+41,169
+553% +$7.6M
1
2 3 4 5

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Fundsmith LLP
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MSV
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Brevan Howard Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Brevan Howard Capital Management held 1,125 positions worth $8.18B, up 5.4% from $7.76B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Brevan Howard Capital Management deployed $538M of net new capital in Q4 2023, opening 743 new positions and adding to 197 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 500,000 shares worth $38.7M.

By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, down from 97% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was iShares MSCI Brazil ETF, an estimated $30.8M trimmed.

  • Brevan Howard Capital Management's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 500,000 shares worth $38.7M.
  • Brevan Howard Capital Management added most to iShares JPMorgan USD Emerging Markets Bond ETF in Q4 2023, an estimated $95.9M increase.
  • Brevan Howard Capital Management's biggest Q4 2023 reduction was iShares MSCI Brazil ETF, cutting an estimated $30.8M.
  • Brevan Howard Capital Management fully exited CME Group in Q4 2023, selling an estimated $20.5M.
  • Brevan Howard Capital Management's ten largest holdings make up 80% of its $8.18B portfolio in Q4 2023.
  • Brevan Howard Capital Management opened 743 new positions and closed 119 in Q4 2023.
  • Brevan Howard Capital Management's portfolio value rose 5.4% quarter-over-quarter to $8.18B.

Based on Brevan Howard Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.