Brevan Howard Capital Management 13F: Adds $6.8M to CCJ Stake

Brevan Howard Expands Cameco Holdings

Brevan Howard Capital Management raised its investment in Cameco Corporation (NYSE: CCJ), adding 66,320 shares during the period. According to a Form 13F filing with the U.S. Securities and Exchange Commission, the fund held 162,545 shares valued at roughly $16.5 million at the close of the period. Because 13F reports look backward, this filing captures past holdings and may not show current positioning.

Growth in the Uranium Position

The fund started the period with 96,225 shares of the uranium producer. By purchasing an additional 66,320 shares, Brevan Howard expanded its stake by a notable 68.9% margin. The reported value of the holding reflects the cost basis and market prices active during the filing window.

Cameco Stock Performance

Cameco shares trade around $101.86, reflecting movement within the company's annual trading range. The firm commands a market capitalization of $36.2 billion and carries a forward P/E ratio of 45.5. The company operates across multiple segments, supplying uranium fuel and reactor technologies to global nuclear utilities.

Analysts Set New Price Targets

Research firms have frequently updated their views on the nuclear fuel supplier. On August 12, 2026, Truist Securities maintained a Buy rating while lifting its target to $130.00 from $129.00. Earlier in the summer, Barclays kept an Equal-Weight rating with a $97.00 target on August 4, 2026, following a prior adjustment to $104.00 on July 16, 2026. Truist Securities also initiated coverage on July 14, 2026, with a $129.00 target. B of A Securities maintained a Buy rating with a $140.00 target on July 9, 2026, and RBC Capital reiterated an Outperform rating with a $175.00 target on June 29, 2026.

Inside Cameco Corporation

Headquartered in Saskatoon, Canada, Cameco provides uranium for electricity generation across the Americas, Europe, and Asia. The business handles uranium exploration, mining, and milling, alongside fuel conversion and Westinghouse nuclear technology services.

Looking Ahead for the Fund and Company

Investors tracking Brevan Howard's portfolio adjustments will await subsequent SEC disclosures to see how the firm manages its energy sector exposure. Meanwhile, Cameco's next financial results are scheduled for release on October 30, 2026. These filings remain historical snapshots and do not serve as investment recommendations.