We are live on ! Find out more
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
+6.05%
1 Year Est. Return
+35.84%
3 Year Est. Return
+106.49%
5 Year Est. Return
+80.14%
10 Year Est. Return
–
AUM
$9.16B
AUM Growth
-$13.2B
Cap. Flow
-$10.8B
Cap. Flow %
-117.92%
Top 10 Hldgs %
34.38%
Holding
2,371
New
451
Increased
532
Reduced
695
Closed
657

Top Buys

Rank Stock Value
1
FTKI
First Trust Small Cap BuyWrite Income ETF
FTKI
+$1.07B
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$111M
3
WMT icon
Walmart Inc
WMT
+$84M
4
ORCL icon
Oracle
ORCL
+$58.3M
5
AVGO icon
Broadcom
AVGO
+$57.4M

Top Sells

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$1.77B
2
MSFT icon
Microsoft
MSFT
+$184M
3
META icon
Meta Platforms (Facebook)
META
+$128M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$68.8M
5
FIX icon
Comfort Systems
FIX
+$42.8M

Sector Composition

Rank Sector Weight
1 Technology 8.09%
2 Financials 7.12%
3 Healthcare 5.24%
4 Communication Services 5.21%
5 Consumer Discretionary 4.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTKI
1
First Trust Small Cap BuyWrite Income ETF
FTKI
$24.7M
$452M 4.93%
+57,081,120
New +$1.07B
IBIT icon
2
CALL
iShares Bitcoin Trust
IBIT
$47.2B
$400M 4.37%
8,058,800
+4,858,300
+152% +$276M
NVDA icon
3
PUT
NVIDIA
NVDA
$5.01T
$386M 4.21%
2,068,000
+974,000
+89% +$181M
HYG icon
4
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$355M 3.88%
4,403,200
-4,208,600
-49% -$339M
LQD icon
5
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$331M 3.61%
3,000,000
– –
LQD icon
6
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$286M 3.13%
2,600,000
-400,000
-13% -$44.5M
IBIT icon
7
iShares Bitcoin Trust
IBIT
$47.2B
$275M 3.01%
5,548,758
-31,203,990
-85% -$1.77B
IBIT icon
8
PUT
iShares Bitcoin Trust
IBIT
$47.2B
$248M 2.71%
5,000,000
+3,000,000
+150% +$170M
QQQ icon
9
CALL
Invesco QQQ Trust
QQQ
$455B
$232M 2.54%
378,000
-167,500
-31% -$103M
PDD icon
10
CALL
Pinduoduo
PDD
$118B
$183M 2%
101,000
-550,875
-85% -$68.4M
PDD icon
11
PUT
Pinduoduo
PDD
$118B
$174M 1.9%
96,000
-320,500
-77% -$39.8M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$3.91T
$172M 1.88%
549,884
-240,736
-30% -$68.8M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$3.9T
$151M 1.64%
480,053
+43,009
+10% +$12.3M
BAC icon
14
CALL
Bank of America
BAC
$435B
$129M 1.41%
+2,350,000
New +$124M
IVV icon
15
iShares Core S&P 500 ETF
IVV
$876B
$112M 1.22%
+162,970
New +$111M
WMT icon
16
Walmart Inc
WMT
$871B
$97.6M 1.07%
875,623
+782,355
+839% +$84M
NVDA icon
17
NVIDIA
NVDA
$5.01T
$94M 1.03%
504,152
-98,020
-16% -$18.2M
BABA icon
18
PUT
Alibaba
BABA
$269B
$89.4M 0.98%
613,000
+318,000
+108% +$51.8M
TLT icon
19
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$87.2M 0.95%
1,000,000
– –
TLT icon
20
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$87.2M 0.95%
1,000,000
– –
AAPL icon
21
Apple
AAPL
$4.89T
$74.5M 0.81%
274,033
-112,301
-29% -$30.1M
AVGO icon
22
Broadcom
AVGO
$1.82T
$73.4M 0.8%
211,631
+160,618
+315% +$57.4M
XHB icon
23
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.74B
$68M 0.74%
660,000
+510,000
+340% +$54.2M
B
24
Barrick Mining
B
$62.2B
$65.3M 0.71%
1,499,501
+1,055,485
+238% +$39.6M
TSLA icon
25
Tesla
TSLA
$1.24T
$61.7M 0.67%
137,164
+32,473
+31% +$14.4M
1
2 3 4 5

Similar funds

GKIM
GW&K Investment Management Boston, Massachusetts $11.3B AUM 31.98% 1-Year Est. Return
DCP
D1 Capital Partners New York $11.2B AUM 15.78% 1-Year Est. Return
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 Q4 2025 Portfolio in Review

As of Q4 2025, Brevan Howard Capital Management held 2,371 positions worth $9.16B, down 59% from $22.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Brevan Howard Capital Management withdrew a net $10.8B in Q4 2025, closing 657 positions and reducing 695 holdings. Its most notable exit was Insmed, an estimated $42.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.1% of assets, up from 4.4% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Brevan Howard Capital Management opened a new position in First Trust Small Cap BuyWrite Income ETF worth $452M.

  • Brevan Howard Capital Management's largest Q4 2025 buy was First Trust Small Cap BuyWrite Income ETF: 57,081,120 shares worth $452M.
  • Brevan Howard Capital Management added most to Walmart Inc in Q4 2025, an estimated $84M increase.
  • Brevan Howard Capital Management's biggest Q4 2025 reduction was iShares Bitcoin Trust, cutting an estimated $1.77B.
  • Brevan Howard Capital Management fully exited Insmed in Q4 2025, selling an estimated $42.3M.
  • Brevan Howard Capital Management's ten largest holdings make up 34% of its $9.16B portfolio in Q4 2025.
  • Brevan Howard Capital Management opened 451 new positions and closed 657 in Q4 2025.
  • Brevan Howard Capital Management's portfolio value fell 59% quarter-over-quarter to $9.16B.

Based on Brevan Howard Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.