Brevan Howard Capital Management 13F: Cuts AMZN Stake by $5.7M

Brevan Howard Trims Amazon Holding

Brevan Howard Capital Management lowered its exposure to Amazon.com, Inc. AMZN during the reporting period, according to an official Form 13F filing filed with the Securities and Exchange Commission. The fund cut its position by 23,903 shares, marking a 24.5% reduction from the previous quarter. Because institutional reports look backward, the filing captures portfolio choices from earlier in the year and might not show what the fund holds today.

Reduction Details on the Position

Prior to the adjustment, Brevan Howard owned 97,543 shares of the internet retailer. The sale left the firm with 73,640 shares remaining in its portfolio. That leftover block carried an estimated value of $17.7 million at the close of the period. Institutional portfolio adjustments like this one offer a snapshot of how large money managers shift capital across major consumer names.

Where Amazon Stock Trades Today

Shares of Amazon changed hands around $240.54 on Saturday, hovering close to the company's 200-day moving average of $242.64. The equity has experienced a broad trading band over the past fifty-two weeks, moving from a low of $196.00 up to a peak of $287.20. At current market levels, the internet giant carries a P/E ratio of 20.5 alongside a forward P/E ratio of 24.4.

Analysts Set New Price Targets

Financial firms continue to adjust their outlooks on the retail and cloud computing leader. On October 12, 2026, Wells Fargo maintained an overweight rating while lowering its target to $329.00 from $338.00. On that same date, Cantor Fitzgerald kept an overweight rating with a target of $310.00. Shortly before that, Tigress Financial maintained a buy rating on October 6, 2026, and raised its target to $385.00 from $315.00. TD Cowen reiterated a buy rating with a $350.00 target on October 5, 2026, and Rosenblatt maintained a buy rating on September 30, 2026, lifting its target to $360.00 from $335.00. Across the broader analyst community, the stock holds a consensus strong buy rating and an average price target of $331.46.

What Amazon Does

Amazon operates online and physical retail stores while running the Amazon Web Services cloud infrastructure platform. The business serves millions of global consumers, independent merchants, developers, and advertisers through its sprawling e-commerce and digital service networks. Institutional portfolio adjustments in the stock arrive as the company continues scaling its logistics and artificial intelligence offerings.

What to Watch at Amazon.com, Inc.

Market participants will look toward Amazon's upcoming financial results scheduled for October 29, 2026, to gauge revenue trends and operating margins. Future SEC filings will also reveal whether Brevan Howard continues paring its stake or stabilizes its position in the quarters ahead.