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BH Macro Shs GBP
(LSE:BHMG)
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Rating:66Neutral
Price Target:
457.00 p
▲(7.78% Upside)
Action:Reiterated
Date:07/10/26
The score is driven primarily by strong financial safety (zero debt, strong equity cushion) and a sharp 2025 profitability/revenue rebound. Offsetting this is notable historical volatility in cash flows and uneven multi-year performance, while technical indicators currently show weak momentum with the stock below key moving averages. Valuation is supportive with a modest P/E, but no dividend data is available to strengthen the valuation case.
Positive Factors
Balance-sheet strength
Zero reported debt and a large equity base materially reduce financial risk for this closed‑ended vehicle. Over 2–6 months this bolsters resilience to market shocks, lowers liquidity and margin-call risk, and preserves optionality for opportunistic allocations or managing redemptions.
Negative Factors
Multi-year performance volatility
Historic swings in profitability and cash flow underscore that returns depend heavily on macro cycle timing and manager positioning. This reduces predictability of NAV and investor outcomes over the medium term, complicating capital planning and income expectations.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Zero reported debt and a large equity base materially reduce financial risk for this closed‑ended vehicle. Over 2–6 months this bolsters resilience to market shocks, lowers liquidity and margin-call risk, and preserves optionality for opportunistic allocations or managing redemptions.
Read all positive factors
BH Macro Shs GBP (BHMG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.28B
Dividend YieldN/A
Average Volume (3M)416.46K
Price to Earnings (P/E)13.7
Beta (1Y)-0.12
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding299,881,470
10 Day Avg. Volume492,942
30 Day Avg. Volume416,464
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.90
Price to Sales (P/S)6.40
P/FCF Ratio12.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BH Macro Shs GBP Business Overview & Revenue Model
Company Description
A closed-ended investment company organized as a feeder fund that invests substantially all of its assets in the Brevan Howard Master Fund Limited. The investment objective is to generate consistent long-term appreciation through active leveraged ...
How the Company Makes Money
BHMG does not operate a traditional commercial business; it is an investment company whose economic activity is investing shareholders’ capital. It “makes money” for shareholders primarily through (1) investment returns—changes in the net asset va...
BH Macro Shs GBP Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 277.60M | 152.48M | 160.03M | 138.31M | 23.70M |
| Gross Profit | 277.60M | 152.48M | 160.03M | 138.31M | 23.70M |
| EBITDA | 151.14M | 58.23M | 66.49M | 112.08M | 35.63M |
| Net Income | 151.14M | 58.23M | 66.49M | 112.08M | 12.01M |
Balance Sheet | |||||
| Total Assets | 1.99B | 2.00B | 2.08B | 1.71B | 1.31B |
| Cash, Cash Equivalents and Short-Term Investments | 31.39M | 45.23M | 19.65M | 7.91M | 16.43M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.64M | 18.02M | 4.48M | 66.68M | 9.76M |
| Stockholders Equity | 1.98B | 1.98B | 2.07B | 1.64B | 1.30B |
Cash Flow | |||||
| Free Cash Flow | 137.68M | 174.94M | -357.64M | -241.13M | -84.17M |
| Operating Cash Flow | 137.68M | 174.94M | -357.64M | -241.13M | -84.17M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 180.00K | 0.00 |
| Financing Cash Flow | -153.62M | -149.40M | 369.07M | 230.46M | 94.96M |
BH Macro Shs GBP Technical Analysis
Positive
424.00
Price Trends
422.54
Positive
425.12
Positive
419.85
Positive
Market Momentum
0.46
Positive
55.80
Neutral
70.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BHMG, the sentiment is Positive. The current price of 424 is below the 20-day moving average (MA) of 424.85, above the 50-day MA of 422.54, and above the 200-day MA of 419.85, indicating a bullish trend. The MACD of 0.46 indicates Positive momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BHMG.
BH Macro Shs GBP Peers Comparison
UnderperformOutperform
Sector (68)
GB:BHMG
BH Macro Shs GBP
425.50
33.50
8.55%
GB:CGO
Contango Holdings Plc
0.73
-0.30
-29.27%
GB:PU13
Puma VCT 13 PLC
117.50
1.00
0.86%
GB:SIGC
Sherborne Investors (Guernsey) C Ltd.
30.50
-13.37
-30.48%
BH Macro Shs GBP Corporate Events
Business Operations and StrategyStock Buyback
BH Macro Boosts Treasury Stock After Latest Share Buyback
Positive
Jul 29, 2026
BH Macro Limited has repurchased 37,913 sterling and 5,000 U.S. dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.17 and $4.26 respectively. The shares will be held in treasury, supporting the company’...
Business Operations and StrategyStock Buyback
BH Macro Limited Buys Back Shares and Updates Voting Rights Structure
Positive
Jul 28, 2026
BH Macro Limited reported that it repurchased 10,212 U.S. dollar ordinary shares on 27 July 2026 via J.P. Morgan Securities and will hold these shares in treasury, with a weighted average price of 4.2596. Following this transaction, the company no...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base With Targeted Share Buyback
Neutral
Jul 27, 2026
BH Macro Limited has executed a small buyback of its own ordinary shares on the London Stock Exchange, acquiring both sterling and U.S. dollar share classes from J.P. Morgan Securities. The purchased shares will be held in treasury, reflecting the...
Business Operations and StrategyStock Buyback
BH Macro Boosts Treasury Stock with Targeted Share Buyback
Positive
Jul 24, 2026
BH Macro Limited has repurchased 15,207 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.17 per share and intends to hold these shares in treasury. Following this transaction, the company reports 300,051...
Business Operations and StrategyStock Buyback
BH Macro Reduces Free Float with Targeted Share Buyback
Positive
Jul 23, 2026
BH Macro Limited has conducted a share buyback, purchasing 6,972 Sterling ordinary shares and 12,000 US Dollar ordinary shares on the London Stock Exchange, which it intends to hold in treasury. The move affects its capital structure by reducing t...
Stock Buyback
BH Macro Boosts Treasury Stock with Targeted Share Buybacks
Positive
Jul 22, 2026
BH Macro Limited has bought back 40,000 sterling shares and 5,000 U.S. dollar shares on the London Stock Exchange, at weighted average prices of £4.1950 and $4.3000 respectively. The repurchased shares will be held in treasury rather than can...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Structure With Share Buybacks Held in Treasury
Neutral
Jul 21, 2026
BH Macro Limited has executed a purchase of 30,000 Sterling ordinary shares and 1,536 U.S. Dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.22 and $4.30 respectively. These repurchased shares will be held ...
Business Operations and StrategyFinancial Disclosures
BH Macro Issues June 2026 Monthly Shareholder Report
Positive
Jul 20, 2026
BH Macro Limited has released its Monthly Shareholder Report for June 2026, providing updated information on the performance and activities of its macro-focused investment portfolio. The report offers shareholders detailed insights into the compan...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float With Treasury Share Buyback
Neutral
Jul 20, 2026
BH Macro Limited has repurchased 9,000 Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.22 and intends to hold these shares in treasury. Following the transaction, the company reports 300,143,775 Sterlin...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Structure With Treasury Share Buyback
Positive
Jul 17, 2026
BH Macro Limited has repurchased 29,372 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.22 and will hold them in treasury. Following this transaction, the company’s issued share capital, excluding...
Business Operations and StrategyFinancial Disclosures
BH Macro Publishes May 2026 Transparency Report on Master Fund NAV
Positive
Jul 16, 2026
BH Macro Limited has reported that, as an investor in the Brevan Howard Master Fund, it has received an updated Investor Transparency Report detailing the master fund’s net asset value as of 31 May 2026. The company has made this transparenc...
Business Operations and StrategyStock Buyback
BH Macro Repurchases Sterling Shares for Treasury, Updates Voting Rights
Neutral
Jul 16, 2026
BH Macro Limited has repurchased 8,317 of its Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.22, with the intention of holding these shares in treasury. This buyback adjusts the capital structure while...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Structure With Share Buyback
Positive
Jul 15, 2026
BH Macro Limited has repurchased 3,794 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.2350, and plans to hold these shares in treasury. Following the transaction, the company reports 300,190,464 sterli...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base With Sterling Share Buyback
Positive
Jul 14, 2026
BH Macro Limited has repurchased 13,732 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.2350. The company will hold these shares in treasury, reflecting its ongoing use of buybacks to manage its capital...
Business Operations and StrategyStock Buyback
BH Macro Adds to Treasury Through Targeted Share Buyback
Neutral
Jul 13, 2026
BH Macro Limited has bought back 7,740 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.2350, and will hold these shares in treasury. The move marginally reduces the free float while preserving flexibili...
Business Operations and Strategy
BH Macro Trust Highlighted in New Kepler Diversification Research
Positive
Jul 13, 2026
BH Macro Limited has been profiled in a new in-depth research note by Kepler Trust Intelligence, highlighting the trust’s growing relevance as a portfolio diversifier amid current market volatility. The freely available report, aimed at UK l...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float With Treasury Share Buyback
Neutral
Jul 10, 2026
BH Macro Limited has repurchased 30,934 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.2350. The company intends to hold these shares in treasury, reducing the free float while maintaining flexibility ...
Business Operations and StrategyStock Buyback
BH Macro Adjusts Capital Structure With Share Buyback and Treasury Holdings
Neutral
Jul 8, 2026
BH Macro Limited has repurchased 3,414 Sterling ordinary shares and 6,161 U.S. Dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc. The company intends to hold these shares in treasury, adjusting its capital structu...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base with Buyback of U.S. Dollar Shares
Positive
Jul 6, 2026
BH Macro Limited has repurchased 15,000 of its U.S. dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities at a weighted average price of 4.3600, and intends to hold these shares in treasury. Following this transaction, th...
Business Operations and Strategy
BH Macro investors seek shift from GBP to USD share class
Neutral
Jul 3, 2026
BH Macro Limited has reported shareholder requests to convert 18,414 GBP shares into USD shares as of the 30 June 2026 share conversion date. No shareholders requested conversion from USD into GBP, reflecting a net shift in investor preference tow...
Business Operations and StrategyDelistings and Listing Changes
BH Macro Completes May 2026 Share Conversion and Updates Capital Structure
Neutral
Jul 2, 2026
BH Macro Limited has completed its scheduled 31 May 2026 share conversion, setting ratios of 0.759998 Sterling shares for each US Dollar share and 1.315793 US Dollar shares for each Sterling share. Based on investor applications, 14,757 new US Dol...
Business Operations and StrategyFinancial Disclosures
BH Macro Publishes Latest Transparency Report for Brevan Howard Master Fund
Neutral
Jul 1, 2026
BH Macro Limited, a Guernsey-registered closed-ended investment company, offers shareholders exposure to the Brevan Howard Master Fund through a structured investment vehicle. The firm targets investors seeking access to macro-focused hedge fund s...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
BH Macro Repurchases Shares and Updates Voting Rights
Positive
Jul 1, 2026
BH Macro Limited has repurchased 3,679 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.27, which it will hold in treasury. This transaction forms part of the company’s capital management strategy,...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float With Dual-Currency Share Buyback
Positive
Jun 30, 2026
BH Macro Limited has repurchased 113,982 Sterling ordinary shares and 10,507 U.S. Dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.2629 and $4.3388 respectively, and will hold these shares in treasury. Fol...
Business Operations and StrategyPrivate Placements and Financing
BH Macro backs new Brevan Howard private fund investing in its shares
Positive
Jun 29, 2026
BH Macro Limited, a Guernsey-based closed-ended investment company, offers shareholders exposure to Brevan Howard’s flagship macro hedge fund via its investment in Brevan Howard Master Fund Limited. The company focuses on delivering macro tr...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Shares for Treasury, Adjusts Voting Capital
Neutral
Jun 29, 2026
BH Macro Limited repurchased 117,483 Sterling ordinary shares and 14,500 US Dollar ordinary shares on 26 June 2026 on the London Stock Exchange, at weighted average prices of £4.2692 and $4.3598 respectively. The company plans to hold these s...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base with Targeted Share Buyback into Treasury
Positive
Jun 26, 2026
BH Macro Limited has repurchased 5,401 sterling ordinary shares and 3,000 U.S. dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.27 and $4.36 respectively, and will hold these shares in treasury. Following ...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Sterling Shares for Treasury, Updates Voting Rights
Positive
Jun 25, 2026
BH Macro Limited has repurchased 66,951 of its Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.2687 and will hold these shares in treasury. Following this transaction, the company’s share capital ...
Business Operations and StrategyStock Buyback
BH Macro Expands Treasury Stock Through Targeted Share Buybacks
Positive
Jun 24, 2026
BH Macro Limited has repurchased 147,844 Sterling ordinary shares and 13,112 U.S. Dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.2669 and $4.3598 respectively, and intends to hold these shares in treasur...
Business Operations and StrategyStock Buyback
BH Macro Executes Share Buyback and Increases Treasury Holdings
Positive
Jun 23, 2026
BH Macro Limited has repurchased 120,061 sterling ordinary shares and 16,132 U.S. dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, and will hold these shares in treasury. Following the transaction, the company repor...
Business Operations and StrategyStock Buyback
BH Macro Repurchases Shares for Treasury, Adjusts Voting Capital
Positive
Jun 22, 2026
BH Macro Limited has repurchased 253,817 sterling ordinary shares and 10,000 U.S. dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.2486 and $4.3600 respectively. The company plans to hold these shares in t...
Financial Disclosures
BH Macro Issues May 2026 Monthly Shareholder Report
Neutral
Jun 19, 2026
BH Macro Limited has released its Monthly Shareholder Report for May 2026, providing investors with updated information on the performance and positioning of its investment portfolio. The report, available via the referenced document, is intended ...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float with Latest Share Buyback
Positive
Jun 19, 2026
BH Macro Limited has repurchased 283,000 sterling shares and 17,120 U.S. dollar shares on the London Stock Exchange, at weighted average prices of £4.2424 and $4.3517 respectively, and intends to hold these shares in treasury. Following the t...
Business Operations and StrategyStock Buyback
BH Macro boosts treasury stock with latest share buyback
Positive
Jun 18, 2026
BH Macro Limited has repurchased 83,967 sterling ordinary shares and 13,000 U.S. dollar ordinary shares on the London Stock Exchange, with the transactions executed through J.P. Morgan Securities. The company plans to hold these shares in treasury...
Stock Buyback
BH Macro Buys Back Shares, Boosting Treasury Holdings and Adjusting Voting Rights
Neutral
Jun 17, 2026
BH Macro Limited has repurchased 265,000 sterling ordinary shares and 11,221 U.S. dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.2595 and $4.3689 respectively. The company will hold these shares in treas...
Stock BuybackRegulatory Filings and Compliance
BH Macro Buys Back Shares and Updates Voting Rights Total
Neutral
Jun 16, 2026
BH Macro Limited has executed a buyback of 95,479 sterling and 13,587 U.S. dollar ordinary shares on the London Stock Exchange, acquiring them from J.P. Morgan Securities. The company plans to hold these repurchased shares in treasury, rather than...
Stock Buyback
BH Macro Tightens Free Float With Latest Share Buyback on LSE
Neutral
Jun 15, 2026
BH Macro Limited has executed a share buyback on the London Stock Exchange, purchasing 61,533 sterling ordinary shares and 18,000 U.S. dollar ordinary shares from J.P. Morgan Securities. The company will hold these repurchased shares in treasury, ...
Business Operations and StrategyStock Buyback
BH Macro Boosts Treasury Stock with Targeted Share Buyback
Positive
Jun 12, 2026
BH Macro Limited has repurchased 198,345 Sterling ordinary shares and 10,000 US Dollar ordinary shares on the London Stock Exchange, with the transactions executed via J.P. Morgan Securities. The company intends to hold these shares in treasury, a...
Business Operations and StrategyExecutive/Board ChangesStock BuybackShareholder Meetings
BH Macro Wins Full Shareholder Backing at AGM, Renews Capital Management Powers
Positive
Jun 11, 2026
BH Macro Limited reported that all ordinary and special resolutions were approved at its 11 June 2026 annual general meeting, with strong proxy support for each item on the agenda. All incumbent directors were re-elected, except John Le Poidevin, ...
Stock Buyback
BH Macro Buys Back Shares, Adjusts Treasury and Voting Rights
Neutral
Jun 11, 2026
BH Macro Limited has executed a buyback of 35,953 sterling ordinary shares and 3,889 U.S. dollar ordinary shares on the London Stock Exchange, acquiring them from J.P. Morgan Securities. The purchased shares will be held in treasury, affecting the...
Business Operations and StrategyStock Buyback
BH Macro boosts treasury stock with further share buybacks
Positive
Jun 10, 2026
BH Macro Limited has repurchased 263,834 sterling and 15,000 U.S. dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.2828 and $4.4200 respectively, and will hold all of these shares in treasury. Following th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
BH Macro Adjusts Treasury Holdings After Share Buyback and Correction
Neutral
Jun 9, 2026
BH Macro Limited reported that it repurchased 190,367 Sterling ordinary shares and 15,000 US Dollar ordinary shares on 8 June 2026, with the bought-back shares to be held in treasury. The company also corrected a previous overstatement of 12,572 S...
Stock Buyback
BH Macro Repurchases Shares and Updates Voting Rights
Neutral
Jun 8, 2026
BH Macro Limited has repurchased 256,658 Sterling ordinary shares and 16,500 US Dollar ordinary shares on the London Stock Exchange, with the shares acquired from J.P. Morgan Securities plc and intended to be held in treasury. Following these tran...
Business Operations and StrategyFinancial Disclosures
BH Macro Publishes Investor Transparency Report on Master Fund NAV
Positive
Jun 4, 2026
BH Macro Limited, a Guernsey-domiciled closed-ended investment company, gives shareholders access to the Brevan Howard Master Fund through its listed structure. The vehicle is designed for investors seeking diversified macro trading exposure manag...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Shares and Updates Voting Rights
Positive
Jun 4, 2026
BH Macro Limited has conducted a share buyback on the London Stock Exchange, purchasing 14,645 U.S. dollar ordinary shares at a weighted average price of 4.3800, and plans to hold these shares in treasury. Following this transaction, the company n...
Business Operations and Strategy
BH Macro Investors Shift More GBP Shares into USD Class
Neutral
Jun 4, 2026
BH Macro Limited has announced that, for the 31 May 2026 share conversion date, shareholders requested the conversion of 109 USD shares into GBP shares and 11,299 GBP shares into USD shares. These conversions will be executed after the release of ...
Business Operations and StrategyRegulatory Filings and Compliance
BH Macro Completes April 2026 Share Conversion and Updates Voting Rights
Neutral
Jun 3, 2026
BH Macro Limited has completed its 30 April 2026 share conversion process between its U.S. dollar and sterling share classes, following the publication of final month-end net asset values. Based on the determined conversion ratios, the company wil...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base With Treasury Share Buyback
Positive
Jun 3, 2026
BH Macro Limited has repurchased 12,572 of its Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.28, with the shares to be held in treasury. Following this transaction, the company now has 302,747,288 Ste...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base With Treasury Share Buyback
Positive
Jun 2, 2026
BH Macro Limited has repurchased 200,000 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.2775, and intends to hold these shares in treasury. Following the transaction, the company reports revised totals...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Sterling Shares for Treasury, Adjusts Voting Rights
Neutral
Jun 1, 2026
BH Macro Limited has repurchased 141,620 Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.28, and will hold these shares in treasury. After this transaction, the company reports 302,959,860 Sterling shar...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Shares and Updates Voting Rights
Neutral
May 29, 2026
BH Macro Limited has repurchased 99,467 sterling ordinary shares and 6,000 U.S. dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities. The company plans to hold these repurchased shares in treasury rather than cancel them...
Stock BuybackRegulatory Filings and Compliance
BH Macro Buys Back Shares and Updates Voting Rights Count
Neutral
May 28, 2026
BH Macro Limited has repurchased 225,189 sterling ordinary shares and 11,500 U.S. dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.2437 and $4.3600 respectively. The company will hold these shares in treas...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Shares for Treasury, Adjusts Voting Rights
Positive
May 27, 2026
BH Macro Limited has repurchased 257,407 sterling ordinary shares and 10,159 U.S. dollar ordinary shares on the London Stock Exchange, with the transactions executed through J.P. Morgan Securities. The company plans to hold these shares in treasur...
Stock Buyback
BH Macro Boosts Treasury Stock with Buyback of Sterling and Dollar Shares
Positive
May 26, 2026
BH Macro Limited has repurchased 309,000 sterling ordinary shares and 266 U.S. dollar ordinary shares on the London Stock Exchange on 22 May 2026, at weighted average prices of £4.2258 and $4.3800 respectively. The company intends to hold the...
Business Operations and StrategyStock Buyback
BH Macro Repurchases Shares for Treasury, Adjusts Voting Rights
Positive
May 22, 2026
BH Macro Limited has executed a share buyback on the London Stock Exchange, repurchasing 230,482 sterling ordinary shares and 4,269 U.S. dollar ordinary shares from J.P. Morgan Securities at weighted average prices of £4.2576 and $4.3800, res...
Regulatory Filings and ComplianceShareholder Meetings
BH Macro Sets June Date for 2026 AGM and Files Documents for Public Inspection
Neutral
May 22, 2026
BH Macro Limited has scheduled its 2026 Annual General Meeting for 11 June 2026 at 9:45 a.m. at the offices of Northern Trust International Fund Administration Services in St Peter Port, Guernsey. The company has mailed the AGM notice to sharehold...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float with New Share Buyback and Treasury Holdings
Positive
May 21, 2026
BH Macro Limited repurchased 310,000 Sterling ordinary shares and 119 U.S. Dollar ordinary shares on 20 May 2026 via J.P. Morgan Securities and intends to hold these shares in treasury, reducing the free float. Following the transaction, the compa...
Stock BuybackRegulatory Filings and Compliance
BH Macro Repurchases Shares for Treasury, Updates Voting Rights
Neutral
May 20, 2026
BH Macro Limited has repurchased 260,000 sterling ordinary shares and 13,100 U.S. dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities. The company intends to hold these shares in treasury, a move that typically supports...
Business Operations and StrategyStock Buyback
BH Macro boosts treasury stock with latest share buyback
Neutral
May 19, 2026
BH Macro Limited has repurchased 154,738 sterling ordinary shares and 17,100 U.S. dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, with the intention of holding all these shares in treasury. Following this transacti...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float with Targeted Share Buyback and Treasury Holding
Positive
May 18, 2026
BH Macro Limited has repurchased 8,000 U.S. dollar ordinary shares on the London Stock Exchange at a weighted average price of 4.44, and plans to hold these shares in treasury, effectively reducing the free float. Following this transaction, the c...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base with Treasury Share Buyback
Positive
May 15, 2026
BH Macro Limited has repurchased 44,595 Sterling ordinary shares and 16,500 US Dollar ordinary shares on the London Stock Exchange, at weighted average prices of £4.3400 and $4.4388 respectively, and intends to hold these shares in treasury. ...
Business Operations and StrategyStock Buyback
BH Macro Tightens Free Float With Sterling Share Buyback
Positive
May 14, 2026
BH Macro Limited has repurchased 50,000 Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.34 and will hold these shares in treasury, reducing the freely tradable float. Following this transaction, the com...
Business Operations and StrategyStock Buyback
BH Macro Repurchases Sterling Shares for Treasury, Adjusts Voting Rights
Positive
May 13, 2026
BH Macro Limited has repurchased 6,687 sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.23 per share and will hold these shares in treasury. This transaction forms part of the company’s capital man...
Business Operations and StrategyStock Buyback
BH Macro Tightens Share Base with Targeted U.S. Dollar Buyback
Positive
May 11, 2026
BH Macro Limited has repurchased 10,063 of its U.S. dollar ordinary shares on the London Stock Exchange at a weighted average price of 4.3200, with the intention of holding these shares in treasury. Following this transaction, the company reports ...
Business Operations and StrategyStock Buyback
BH Macro Tightens Capital Base With Treasury Share Buyback
Positive
May 8, 2026
BH Macro Limited has repurchased 12,000 U.S. dollar ordinary shares on the London Stock Exchange at a weighted average price of 4.3200, and will hold these shares in treasury. This buyback adjusts the company’s capital structure, leaving 305...
Stock BuybackFinancial Disclosures
BH Macro Adjusts Treasury Holdings and Updates Share Capital Structure
Neutral
May 7, 2026
BH Macro Limited has repurchased 4,136 US Dollar ordinary shares on the London Stock Exchange at a weighted average price of 4.3200, and will hold these shares in treasury. The transaction forms part of its capital management, affecting the balanc...
Business Operations and StrategyStock Buyback
BH Macro Adds to Treasury Stock With US Dollar Share Buyback
Positive
May 6, 2026
BH Macro Limited has repurchased 3,000 US dollar ordinary shares on the London Stock Exchange at a weighted average price of 4.3200, with the shares to be held in treasury. Following this transaction, the company reports 305,099,045 sterling share...
Business Operations and Strategy
BH Macro Announces April 2026 USD–GBP Share Conversions
Neutral
May 6, 2026
BH Macro Limited has reported shareholder requests to convert 127,321 USD shares into GBP shares and 14,900 GBP shares into USD shares for the 30 April 2026 conversion date. These currency share conversions, which follow the release of the fund...
Business Operations and StrategyDelistings and Listing Changes
BH Macro Completes March 2026 Share Conversion and Updates Capital Structure
Neutral
May 5, 2026
BH Macro Limited has completed its 31 March 2026 share conversion process, setting ratios of 0.773889 sterling shares for each US dollar share and 1.292175 US dollar shares for each sterling share. As a result, 7,953 new sterling shares will be is...
Regulatory Filings and Compliance
BH Macro Updates Total Voting Rights and Share Capital Structure
Neutral
May 1, 2026
BH Macro Limited has reported its updated share capital and voting rights position as of 30 April 2026, detailing 305,091,092 GBP ordinary shares with 1.4710 voting rights each and 24,049,376 USD ordinary shares with 0.7606 voting rights each in i...
Business Operations and StrategyStock Buyback
BH Macro Buys Back Shares, Updates Voting Rights Count
Positive
Apr 30, 2026
BH Macro Limited has repurchased 41,286 Sterling ordinary shares on the London Stock Exchange at a weighted average price of £4.23 and will hold these shares in treasury. Following this transaction, the company reports 305,108,233 Sterling sh...
Business Operations and StrategyFinancial Disclosures
BH Macro Publishes Latest Transparency Report on Master Fund NAV
Positive
Apr 30, 2026
BH Macro Limited, a Guernsey‑registered closed‑ended investment company, offers investors access to the Brevan Howard Master Fund, a global macro hedge fund strategy. It serves as a listed conduit for institutional‑style alternat...
Financial DisclosuresRegulatory Filings and Compliance
BH Macro’s Assets Dip as Share Prices Rise Above Softer NAVs
Negative
Apr 30, 2026
BH Macro Limited, a feeder fund into Brevan Howard Master Fund, reported a decline in total net assets from $1.98 billion at the end of 2025 to $1.87 billion at 31 March 2026, driven mainly by lower GBP share class assets while USD share class ass...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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