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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
+21.45%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$15.6B
AUM Growth
+$1.19B
Cap. Flow
+$1.23B
Cap. Flow %
7.88%
Top 10 Hldgs %
78.83%
Holding
1,533
New
431
Increased
292
Reduced
257
Closed
540

Top Buys

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$1.21B
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$281M
3
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$151M
4
ETHA
iShares Ethereum Trust ETF
ETHA
+$84.9M
5
CEG icon
Constellation Energy
CEG
+$15.7M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$83.1M
2
MSFT icon
Microsoft
MSFT
+$55.8M
3
SPOT icon
Spotify
SPOT
+$34.4M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$21.4M
5
CMCSA icon
Comcast
CMCSA
+$16.8M

Sector Composition

Rank Sector Weight
1 Financials 2.22%
2 Technology 2.05%
3 Industrials 1.69%
4 Healthcare 1.58%
5 Consumer Discretionary 1.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLF icon
1
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$3.47B 22.33%
71,860,000
+51,282,300
+249% +$2.48B
EEM icon
2
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$3.08B 19.78%
73,565,700
+26,443,700
+56% +$1.17B
XLF icon
3
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$1.99B 12.78%
41,112,500
+7,166,100
+21% +$347M
IBIT icon
4
iShares Bitcoin Trust
IBIT
$47.2B
$1.39B 8.91%
+25,567,302
New +$1.21B
MSFT icon
5
CALL
Microsoft
MSFT
$2.84T
$964M 6.2%
+2,286,700
New +$974M
HYG icon
6
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$370M 2.38%
4,700,000
+2,550,000
+119% +$202M
EEM icon
7
iShares MSCI Emerging Markets ETF
EEM
$28B
$355M 2.28%
8,485,000
+6,349,000
+297% +$281M
QQQ icon
8
CALL
Invesco QQQ Trust
QQQ
$455B
$256M 1.64%
500,000
-979,800
-66% -$496M
XLU icon
9
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
$199M 1.28%
+5,250,000
New +$208M
GDX icon
10
CALL
VanEck Gold Miners ETF
GDX
$23B
$195M 1.26%
+5,760,000
New +$221M
XLF icon
11
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$151M 0.97%
+3,132,268
New +$151M
SPY icon
12
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$132M 0.85%
224,500
+134,500
+149% +$79.2M
XLV icon
13
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
$130M 0.84%
947,300
-57,700
-6% -$8.44M
BABA icon
14
CALL
Alibaba
BABA
$269B
$111M 0.72%
1,315,000
+555,000
+73% +$52.4M
IWM icon
15
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$110M 0.71%
500,000
– –
EEM icon
16
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$105M 0.67%
2,500,000
-60,658,700
-96% -$2.69B
ETHA
17
iShares Ethereum Trust ETF
ETHA
$5.25B
$94.2M 0.61%
+3,644,490
New +$84.9M
NEM icon
18
CALL
Newmont
NEM
$98.2B
$93.8M 0.6%
+2,520,000
New +$115M
XLK icon
19
CALL
State Street Technology Select Sector SPDR ETF
XLK
$115B
$51.2M 0.33%
+440,000
New +$51.2M
AMZN icon
20
CALL
Amazon
AMZN
$2.5T
$43.9M 0.28%
+200,000
New +$40.9M
XRT icon
21
PUT
State Street SPDR S&P Retail ETF
XRT
$365M
$41.4M 0.27%
520,000
-55,000
-10% -$4.36M
HYG icon
22
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$39.3M 0.25%
500,000
-1,750,000
-78% -$139M
ASHR icon
23
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$32.4M 0.21%
+1,222,340
New +$34.1M
QQQ icon
24
PUT
Invesco QQQ Trust
QQQ
$455B
$30.2M 0.19%
59,000
-454,000
-88% -$230M
VIST icon
25
Vista Energy
VIST
$7.75B
$27M 0.17%
497,164
+271,122
+120% +$14M
1
2 3 4 5

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Brevan Howard Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Brevan Howard Capital Management held 1,533 positions worth $15.6B, up 8.3% from $14.4B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Brevan Howard Capital Management deployed $1.23B of net new capital in Q4 2024, opening 431 new positions and adding to 292 existing holdings. Its largest new stake was iShares Bitcoin Trust: 25,567,302 shares worth $1.39B.

By sector, the portfolio is most concentrated in Financials at 2.2% of assets, up from 2% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was NVIDIA, an estimated $83.1M trimmed.

  • Brevan Howard Capital Management's largest Q4 2024 buy was iShares Bitcoin Trust: 25,567,302 shares worth $1.39B.
  • Brevan Howard Capital Management added most to iShares MSCI Emerging Markets ETF in Q4 2024, an estimated $281M increase.
  • Brevan Howard Capital Management's biggest Q4 2024 reduction was NVIDIA, cutting an estimated $83.1M.
  • Brevan Howard Capital Management fully exited Spotify in Q4 2024, selling an estimated $34.4M.
  • Brevan Howard Capital Management's ten largest holdings make up 79% of its $15.6B portfolio in Q4 2024.
  • Brevan Howard Capital Management opened 431 new positions and closed 540 in Q4 2024.
  • Brevan Howard Capital Management's portfolio value rose 8.3% quarter-over-quarter to $15.6B.

Based on Brevan Howard Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.