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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
+11.99%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$22.4B
AUM Growth
+$5.13B
Cap. Flow
+$1.14B
Cap. Flow %
5.09%
Top 10 Hldgs %
58.5%
Holding
2,355
New
540
Increased
504
Reduced
836
Closed
452

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$98.9M
2
NVDA icon
NVIDIA
NVDA
+$92.7M
3
MSFT icon
Microsoft
MSFT
+$59.2M
4
AAPL icon
Apple
AAPL
+$46.8M
5
TSLA icon
Tesla
TSLA
+$31.8M

Top Sells

Rank Stock Value
1
IVVB icon
iShares Large Cap Deep Quarterly Laddered ETF
IVVB
+$461M
2
PLTR icon
Palantir
PLTR
+$138M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$117M
4
APP icon
Applovin
APP
+$92.3M
5
AMZN icon
Amazon
AMZN
+$78.9M

Sector Composition

Rank Sector Weight
1 Technology 4.39%
2 Financials 2.87%
3 Communication Services 2.77%
4 Industrials 2.15%
5 Consumer Discretionary 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
1
CALL
Alphabet (Google) Class C
GOOG
$3.9T
$3.48B 15.52%
14,280,000
+10,200,000
+250% +$2.14B
IBIT icon
2
iShares Bitcoin Trust
IBIT
$47.2B
$2.39B 10.66%
36,752,748
-753,309
-2% -$49M
PDD icon
3
CALL
Pinduoduo
PDD
$118B
$1.38B 6.17%
651,875
+630,500
+2,950% +$74.6M
META icon
4
CALL
Meta Platforms (Facebook)
META
$1.51T
$1.28B 5.7%
1,740,000
+140,000
+9% +$104M
MSFT icon
5
CALL
Microsoft
MSFT
$2.84T
$1.18B 5.27%
2,279,600
+1,029,700
+82% +$525M
EEM icon
6
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$1.07B 4.76%
19,950,000
+12,000,000
+151% +$603M
PDD icon
7
PUT
Pinduoduo
PDD
$118B
$883M 3.94%
416,500
+406,000
+3,867% +$48.1M
HYG icon
8
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$699M 3.12%
8,611,800
+611,800
+8% +$49.3M
ASHR icon
9
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$396M 1.77%
+12,000,000
New +$361M
COIN icon
10
CALL
Coinbase
COIN
$41.7B
$356M 1.59%
1,054,000
+942,000
+841% +$319M
LQD icon
11
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$334M 1.49%
+3,000,000
New +$330M
LQD icon
12
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$334M 1.49%
3,000,000
+2,500,000
+500% +$275M
BIDU icon
13
CALL
Baidu
BIDU
$35.8B
$329M 1.47%
2,493,100
+2,343,100
+1,562% +$232M
QQQ icon
14
CALL
Invesco QQQ Trust
QQQ
$455B
$328M 1.46%
545,500
-129,500
-19% -$74.2M
GOOG icon
15
PUT
Alphabet (Google) Class C
GOOG
$3.9T
$292M 1.3%
+1,200,000
New +$252M
AEM icon
16
CALL
Agnico Eagle Mines
AEM
$72.6B
$242M 1.08%
+1,440,000
New +$198M
IBIT icon
17
CALL
iShares Bitcoin Trust
IBIT
$47.2B
$208M 0.93%
+3,200,500
New +$208M
NVDA icon
18
PUT
NVIDIA
NVDA
$5.01T
$204M 0.91%
1,094,000
+1,001,500
+1,083% +$175M
MSFT icon
19
Microsoft
MSFT
$2.84T
$195M 0.87%
376,572
+116,067
+45% +$59.2M
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$3.91T
$192M 0.86%
790,620
-99,260
-11% -$20.8M
GDX icon
21
CALL
VanEck Gold Miners ETF
GDX
$23B
$183M 0.82%
+2,400,000
New +$145M
GLD icon
22
PUT
SPDR Gold Trust
GLD
$131B
$178M 0.79%
+500,000
New +$159M
B
23
CALL
Barrick Mining
B
$62.2B
$177M 0.79%
+5,400,000
New +$137M
NEM icon
24
CALL
Newmont
NEM
$98.2B
$177M 0.79%
2,100,000
+2,000,000
+2,000% +$139M
FXI icon
25
CALL
iShares China Large-Cap ETF
FXI
$4.31B
$165M 0.73%
+4,000,000
New +$155M
1
2 3 4 5

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DCP
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VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $11.4B AUM 16.77% 1-Year Est. Return
SoftBank Group
SoftBank Group Tokyo, Japan $11.4B AUM 27.91% 1-Year Est. Return
ERSOT
Employees Retirement System of Texas Austin, Texas $11.4B AUM 21.6% 1-Year Est. Return
GIM
Generation Investment Management London, United Kingdom $11.2B AUM 0.58% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $11.5B AUM 15.23% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 1-Year Est. Return

Brevan Howard Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Brevan Howard Capital Management held 2,355 positions worth $22.4B, up 30% from $17.3B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Brevan Howard Capital Management deployed $1.14B of net new capital in Q3 2025, opening 540 new positions and adding to 504 existing holdings. Its largest new stake was SPDR Gold Trust: 93,000 shares worth $33.1M.

By sector, the portfolio is most concentrated in Technology at 4.4% of assets, down from 6.5% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was Palantir, an estimated $138M trimmed.

  • Brevan Howard Capital Management's largest Q3 2025 buy was SPDR Gold Trust: 93,000 shares worth $33.1M.
  • Brevan Howard Capital Management added most to Meta Platforms (Facebook) in Q3 2025, an estimated $98.9M increase.
  • Brevan Howard Capital Management's biggest Q3 2025 reduction was Palantir, cutting an estimated $138M.
  • Brevan Howard Capital Management fully exited iShares Large Cap Deep Quarterly Laddered ETF in Q3 2025, selling an estimated $461M.
  • Brevan Howard Capital Management's ten largest holdings make up 59% of its $22.4B portfolio in Q3 2025.
  • Brevan Howard Capital Management opened 540 new positions and closed 452 in Q3 2025.
  • Brevan Howard Capital Management's portfolio value rose 30% quarter-over-quarter to $22.4B.

Based on Brevan Howard Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.