Brevan Howard Capital Management 13F: Cuts AMD Stake by $4.4M

Brevan Howard Capital Management Trims AMD Holding

Brevan Howard Capital Management reduced its investment in Advanced Micro Devices, Inc. (NasdaqGS: AMD) during its period ended May 15, 2026, according to a Form 13F filing with the SEC. Because 13F filings look backward at holdings from the end of the reporting period, this snapshot may not reflect the firm's current position today. The fund cut its stake by a 45.3% margin, shedding 7,848 shares from its portfolio.

Position Details and Share Count

Before the transaction, the fund owned 17,334 shares of the semiconductor company. Following the reduction, Brevan Howard Capital Management finished the period with 9,486 shares remaining in its portfolio. Based on the valuation provided in the filing, the remaining stake was worth about $5.36 million.

AMD Stock Context

Shares of Advanced Micro Devices, Inc. trade on the NasdaqGS under the ticker AMD. The stock last changed hands around $564.89. That price sits well above its 200-day moving average of $392.68 and near the upper half of their 52-week range between $188.22 and $658.52.

Wall Street Analyst Updates

Wall Street analysts maintain a positive outlook on the chip designer. On October 6, 2026, Citigroup maintained its buy rating while raising its price target to $800.00 from $575.00. On the same day, Mizuho kept an outperform rating with a target of $705.00, up from $580.00. Stifel maintained a buy rating on October 5 with a $700.00 target, lifted from $635.00. StoneX reiterated a buy rating on September 29 with a $685.00 target. Rosenblatt kept its buy rating on September 29 at $700.00. B of A Securities maintained a buy rating on September 25 with a target of $720.00, up from $620.00. Piper Sandler initiated coverage on September 10 with an overweight rating and a $600.00 target. Raymond James upgraded the stock to a strong buy on August 25, setting a $641.00 target.

What Advanced Micro Devices Does

Advanced Micro Devices, Inc. designs and sells a wide range of computer processors and graphics chips for personal computers, data centers, and video game systems. The company builds artificial intelligence accelerators, server chips, and specialized processors used by cloud service providers and hardware makers around the world.

Looking Ahead for the Fund

Investors tracking Brevan Howard Capital Management should look toward future SEC filings to see if the fund continues to scale back its semiconductor holdings or rotates capital elsewhere. Market participants should also look ahead to the company's next earnings report scheduled for November 3, 2026.