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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
-4.88%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$10.4B
AUM Growth
-$5.16B
Cap. Flow
-$5.08B
Cap. Flow %
-48.89%
Top 10 Hldgs %
72.55%
Holding
1,549
New
555
Increased
320
Reduced
229
Closed
427

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$83.9M
2
NVDA icon
NVIDIA
NVDA
+$75.9M
3
PFE icon
Pfizer
PFE
+$57.8M
4
BLK icon
Blackrock
BLK
+$42.6M
5
META icon
Meta Platforms (Facebook)
META
+$39.3M

Top Sells

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$212M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$186M
3
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$150M
4
ETHA
iShares Ethereum Trust ETF
ETHA
+$94.2M
5
PAM icon
Pampa Energía
PAM
+$22.8M

Sector Composition

Rank Sector Weight
1 Technology 4.64%
2 Financials 4.58%
3 Industrials 2.27%
4 Healthcare 2.17%
5 Consumer Discretionary 2.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EEM icon
1
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$3.4B 32.74%
77,842,000
+75,342,000
+3,014% +$3.27B
XLF icon
2
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$1.15B 11.05%
23,045,300
-48,814,700
-68% -$2.45B
IBIT icon
3
iShares Bitcoin Trust
IBIT
$47.2B
$1.02B 9.84%
21,567,122
-4,000,180
-16% -$212M
ASHR icon
4
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$438M 4.22%
16,484,540
+15,262,200
+1,249% +$405M
HYG icon
5
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$412M 3.96%
5,217,800
+4,717,800
+944% +$374M
IWM icon
6
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$279M 2.69%
1,400,000
+900,000
+180% +$195M
BABA icon
7
CALL
Alibaba
BABA
$269B
$248M 2.38%
1,900,000
+585,000
+44% +$67.5M
SPY icon
8
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$224M 2.15%
400,000
+175,500
+78% +$103M
EEM icon
9
iShares MSCI Emerging Markets ETF
EEM
$28B
$184M 1.77%
4,200,000
-4,285,000
-51% -$186M
XLV icon
10
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
$182M 1.75%
+1,247,300
New +$181M
AAPL icon
11
Apple
AAPL
$4.89T
$81.2M 0.78%
365,687
+362,334
+10,806% +$83.9M
XLK icon
12
CALL
State Street Technology Select Sector SPDR ETF
XLK
$115B
$75.4M 0.73%
730,000
+290,000
+66% +$32.9M
NVDA icon
13
NVIDIA
NVDA
$5.01T
$68.2M 0.66%
651,090
+598,983
+1,150% +$75.9M
PFE icon
14
Pfizer
PFE
$140B
$61.6M 0.59%
2,432,498
+2,210,077
+994% +$57.8M
MSFT icon
15
Microsoft
MSFT
$2.84T
$55.8M 0.54%
148,609
+89,481
+151% +$36.5M
FXI icon
16
PUT
iShares China Large-Cap ETF
FXI
$4.31B
$53.8M 0.52%
+1,500,000
New +$50.8M
META icon
17
Meta Platforms (Facebook)
META
$1.51T
$53.5M 0.52%
92,908
+60,884
+190% +$39.3M
EFA icon
18
PUT
iShares MSCI EAFE ETF
EFA
$76.4B
$49M 0.47%
+600,000
New +$48.4M
BLK icon
19
Blackrock
BLK
$164B
$41.2M 0.4%
+43,499
New +$42.6M
MA icon
20
Mastercard
MA
$477B
$29.8M 0.29%
55,466
+28,112
+103% +$15.3M
USB icon
21
US Bancorp
USB
$99.6B
$29.6M 0.29%
701,545
+654,857
+1,403% +$30.2M
CME icon
22
CME Group
CME
$92.2B
$28.5M 0.27%
107,278
+3,069
+3% +$757K
KWEB icon
23
CALL
KraneShares CSI China Internet ETF
KWEB
$5.2B
$27.9M 0.27%
800,000
+709,600
+785% +$23.5M
FCX icon
24
Freeport-McMoran
FCX
$90B
$27.5M 0.26%
725,601
+635,284
+703% +$24.3M
KBE icon
25
CALL
State Street SPDR S&P Bank ETF
KBE
$1.64B
$26.5M 0.25%
+500,000
New +$28M
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 2025 Portfolio in Review

As of Q1 2025, Brevan Howard Capital Management held 1,549 positions worth $10.4B, down 33% from $15.6B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Brevan Howard Capital Management withdrew a net $5.08B in Q1 2025, closing 427 positions and reducing 229 holdings. Its most notable exit was iShares Ethereum Trust ETF, an estimated $94.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, up from 2% a quarter earlier, followed by Financials and Industrials.

Against the trend, Brevan Howard Capital Management opened a new position in Blackrock worth $41.2M.

  • Brevan Howard Capital Management's largest Q1 2025 buy was Blackrock: 43,499 shares worth $41.2M.
  • Brevan Howard Capital Management added most to Apple in Q1 2025, an estimated $83.9M increase.
  • Brevan Howard Capital Management's biggest Q1 2025 reduction was iShares Bitcoin Trust, cutting an estimated $212M.
  • Brevan Howard Capital Management fully exited iShares Ethereum Trust ETF in Q1 2025, selling an estimated $94.2M.
  • Brevan Howard Capital Management's ten largest holdings make up 73% of its $10.4B portfolio in Q1 2025.
  • Brevan Howard Capital Management opened 555 new positions and closed 427 in Q1 2025.
  • Brevan Howard Capital Management's portfolio value fell 33% quarter-over-quarter to $10.4B.

Based on Brevan Howard Capital Management's 13F filing for Q1 2025, filed 15 May 2025.