Brevan Howard Capital Management 13F: Adds $11M to ATI Stake

Brevan Howard Capital Management Raises Stake in ATI Inc.

Brevan Howard Capital Management filed a Form 13F with the U.S. Securities and Exchange Commission showing a major addition to its holdings in ATI Inc. NYSE:ATI. During the quarter ended May 15, 2026, the fund boosted its position by 646.3%, acquiring 54,307 more shares of the specialty materials producer.

Inside the Portfolio Shift at Brevan Howard

The fund started the period with 8,403 shares of ATI Inc. and finished with 62,710 shares following the purchase. Based on the reporting period values, the updated stake carried a total worth of roughly $12.4 million. Because 13F filings look backward at past quarters, this snapshot reflects holdings as of that filing date and may not match the investor's exact current position today.

ATI Inc. Stock Performance and Valuation

Shares of ATI Inc. trade around $197.10, sitting well above their 200-day moving average of $163.29 and below their 52-week high of $243.57. The company carries a market capitalization of roughly $25.8 billion with a trailing P/E ratio of 55.5 and a forward P/E of 29.7. The stock has seen active institutional interest across the board as specialty metal demand remains solid.

Recent Earnings Performance

ATI Inc. reported solid financial figures with $4.72 billion in revenue over the trailing period, alongside a revenue growth rate of 10.6%. The company posted earnings of $3.41 per share, accompanied by a net margin of 10.1% and a return on equity of 25.4%. The next quarterly earnings report is scheduled for October 27, 2026.

Wall Street Analyst Coverage and Price Targets

Analyst firms continue to monitor ATI Inc. closely with mostly favorable ratings. On October 8, 2026, Keybanc maintained its Overweight rating while lowering its price target to $228.00 from $258.00. Wells Fargo also maintained an Overweight rating on September 30, 2026, adjusting its price target to $240.00 from $275.00. Overall, the stock holds a consensus recommendation key of strong_buy with a mean target price of $259.89 across nine analyst opinions.

Understanding ATI Inc.

Headquartered in Dallas, Texas, ATI Inc. produces high-performance specialty materials and complex components for aerospace, defense, medical, and industrial markets worldwide. The company manufactures titanium alloys, nickel-based superalloys, and precision forgings used in demanding operating environments. Institutional additions like this one reflect ongoing interest from professional asset managers in the advanced manufacturing sector.

What to Watch Next for ATI Inc.

Investors tracking Brevan Howard Capital Management and other major institutional holders will look ahead to subsequent 13F filings to see whether these funds adjust their positions further. The next corporate earnings release on October 27, 2026, will offer fresh insight into revenue and profit trends for the industrial manufacturer.