Latest Brevan Howard Capital Management LP Stock Portfolio

Brevan Howard Capital Management LP Performance:

2025 Q4: -2.42%YTD: 4.41%2024: 9.33%

Performance for 2025 Q4 is -2.42%, and YTD is 4.41%, and 2024 is 9.33%.

About Brevan Howard Capital Management LP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Brevan Howard Capital Management LP reported an equity portfolio of $9.2 Billions as of 31 Dec, 2025.

The top stock holdings of Brevan Howard Capital Management LP are AIRR, , GOOG. The fund has invested 4.9% of it's portfolio in FIRST TR EXCHANGE TRADED FD and 3% of portfolio in ISHARES BITCOIN TRUST ETF.

The fund managers got completely rid off INSMED INC (INSM), ASTERA LABS INC and AGNICO EAGLE MINES LTD (AEM) stocks. They significantly reduced their stock positions in META PLATFORMS INC (META), SPDR GOLD TR (GLD) and RED CAT HLDGS INC (RCAT). Brevan Howard Capital Management LP opened new stock positions in FIRST TR EXCHANGE TRADED FD (AIRR), ISHARES TR (IJR) and COASTAL FINL CORP WA (CCB). The fund showed a lot of confidence in some stocks as they added substantially to BANCORP INC DEL (TBBK), SANDISK CORP and PATHWARD FINANCIAL INC (CASH).

Brevan Howard Capital Management LP Annual Return Estimates Vs S&P 500

Our best estimate is that Brevan Howard Capital Management LP made a return of -2.42% in the last quarter. In trailing 12 months, it's portfolio return was 4.41%.

Performance
S&P 500

New Buys

Ticker	$ Bought
first tr exchange traded fd	452,040,000
ishares tr	112,016,000
spot 0 03/26	37,385,700
ishares tr	34,709,800
f 0 03/26	31,356,900
evrg 4.5 12/27	30,590,500
pinnacle west cap corp	24,130,600
duk 4.125 04/26	23,807,500

New stocks bought by Brevan Howard Capital Management LP

Additions

Ticker	% Inc.
bancorp inc del	7,287
sandisk corp	6,040
pathward financial inc	3,777
irsa inversiones y rep s a	3,487
oracle corp	3,358
lumentum hldgs inc	3,271
cvb finl corp	2,167
adaptive biotechnologies cor	2,154

Additions to existing portfolio by Brevan Howard Capital Management LP

Reductions

Ticker	% Reduced
microsoft corp	-97.51
ciena corp	-94.02
ishares bitcoin trust etf	-84.9
union pac corp	-79.79
exxon mobil corp	-79.73
advanced micro devices inc	-75.75
cheniere energy inc	-73.46
bank new york mellon corp	-69.96

Brevan Howard Capital Management LP reduced stake in above stock

Sold off

None of the stocks were completely sold off by Brevan Howard Capital Management LP

Sector Distribution

Brevan Howard Capital Management LP has about 30.2% of it's holdings in Others sector.

Sector	%
Others	30.2
Technology	14.3
Financial Services	11.7
Communication Services	9
Healthcare	8.7
Consumer Cyclical	7.2
Industrials	6.4
Consumer Defensive	4.1
Basic Materials	3
Real Estate	2
Energy	1.7
Utilities	1.5

Market Cap. Distribution

Brevan Howard Capital Management LP has about 50.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	30.1
LARGE-CAP	28.1
MEGA-CAP	22.6
MID-CAP	13.1
SMALL-CAP	5.8

Stocks belong to which Index?

About 55.5% of the stocks held by Brevan Howard Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	44.5
S&P 500	42.6
RUSSELL 2000	12.9

Top 5 Winners (%)		%
OMER	omeros corp	239.5 %
REPL	replimune group inc	132.0 %
GLUE	monte rosa therapeutics inc	71.7 %
ALB	albemarle corp	71.6 %
RVMD	revolution medicines inc	67.6 %

Top 5 Winners ($)		$
GOOG	alphabet inc	46.9 M
GOOG	alphabet inc	32.2 M
	barrick mng corp	9.9 M
COHR	coherent corp	8.7 M
	sandisk corp	7.8 M

Top 5 Losers (%)		%
ARCT	arcturus therapeutics hldgs	-62.7 %
BZFD	buzzfeed inc	-57.8 %
CORT	corcept therapeutics inc	-50.3 %
AVXL	anavex life sciences corp	-49.6 %
	sable offshore corp	-45.9 %

Top 5 Losers ($)		$
	ishares bitcoin trust etf	-324.7 M
ORCL	oracle corp	-11.1 M
BABA	alibaba group hldg ltd	-8.1 M
META	meta platforms inc	-7.3 M
MSFT	microsoft corp	-6.6 M

Brevan Howard Capital Management LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Brevan Howard Capital Management LP

Brevan Howard Capital Management LP has 1606 stocks in it's portfolio. About 17.1% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Brevan Howard Capital Management LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	0.22	387,491	20,591,300	added	586

AAL	american airls group inc	0.09	550,670	8,441,770	added	43.16

AAPL	apple inc	0.81	274,033	74,498,600	reduced	-29.07

ABC	cencora inc	0.08	21,433	7,239,000	added	471

ABCB	ameris bancorp	0.09	107,588	7,990,560	added	135

ABNB	airbnb inc	0.07	50,808	6,895,660	reduced	-5.19

ACLX	arcellx inc	0.04	60,178	3,923,610	added	1,481

ACWF	ishares tr	0.06	158,013	5,753,250	reduced	-21.09

ADI	analog devices inc	0.05	16,289	4,417,580	reduced	-51.24

ADMA	adma biologics inc	0.05	246,772	4,501,120	new

ADPT	adaptive biotechnologies cor	0.07	370,676	6,027,190	added	2,154

AES	aes corp	0.03	160,411	2,300,290	reduced	-37.05

AFK	vaneck etf trust	0.26	272,053	23,675,400	added	4.75

AFK	vaneck etf trust	0.03	6,843	2,481,510	new

AFK	vaneck etf trust	0.03	20,970	2,428,850	reduced	-37.8

AFL	aflac inc	0.11	93,951	10,360,000	added	7.6

AFRM	affirm hldgs inc	0.03	35,000	2,605,050	added	0.36

AGI	alamos gold inc new	0.03	65,478	2,526,140	new

AGNG	global x fds	0.03	33,840	2,885,030	added	21.58

AIRR	first tr exchange traded fd	4.93	57,081,100	452,040,000	new