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BH Macro Shs GBP
(LSE:BHMG)
BH Macro Shs GBP (BHMG) vs. iShares MSCI United Kingdom ETF (EWC)
BH Macro Shs GBP Business Overview & Revenue Model
BH Macro Shs GBP Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.71M | 152.48M | 160.03M | 138.31M | 23.70M | 189.38M |
| Gross Profit | 155.71M | 152.48M | 160.03M | 138.31M | 23.70M | 189.38M |
| EBITDA | 0.00 | 58.23M | 66.49M | 112.08M | 35.63M | 0.00 |
| Net Income | 269.88M | 58.23M | 66.49M | 112.08M | 12.01M | 181.53M |
Balance Sheet | ||||||
| Total Assets | 2.10B | 2.00B | 2.08B | 1.71B | 1.31B | 802.22M |
| Cash, Cash Equivalents and Short-Term Investments | 24.55M | 45.23M | 19.65M | 7.91M | 16.43M | 961.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.84M | 18.02M | 4.48M | 66.68M | 9.76M | 41.05M |
| Stockholders Equity | 2.09B | 1.98B | 2.07B | 1.64B | 1.30B | 761.17M |
Cash Flow | ||||||
| Free Cash Flow | 118.77M | 174.94M | -357.64M | -241.13M | -84.17M | -17.97M |
| Operating Cash Flow | 118.77M | 174.94M | -357.64M | -241.13M | -84.17M | -17.97M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 180.00K | 0.00 | 0.00 |
| Financing Cash Flow | -125.30M | -149.40M | 369.07M | 230.46M | 94.96M | 19.87M |
BH Macro Shs GBP Technical Analysis
BH Macro Shs GBP Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | ― | ― | 2.33% | ― | ― | ― | |
56 Neutral | £300.03M | -62.56 | -1.34% | ― | 962.39% | -71.54% | |
51 Neutral | £289.14M | -6.75 | -10.09% | 1.43% | ― | ― | |
44 Neutral | £14.09M | -19.09 | -21.85% | ― | ― | ― |
BH Macro Shs GBP Corporate Events
BH Macro Limited has repurchased 268,514 Sterling ordinary shares and 15,000 US Dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, at weighted average prices of £4.0220 and $4.1200 respectively, and plans to hold all of these shares in treasury. Following these transactions, the company has 314,276,865 Sterling shares and 23,763,591 US Dollar shares in issue (excluding treasury), with additional shares held in treasury for both classes, resulting in a total voting rights count of 480,375,856 from 12 January 2026, a move that marginally adjusts its capital structure and may enhance net asset value per share for remaining investors.
The most recent analyst rating on (GB:BHMG) stock is a Buy with a £444.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 284,541 sterling and 9,660 US dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities and will hold these shares in treasury, a move typically used to manage the company’s capital structure and potential discount to net asset value. Following the buyback, the company now has 314,545,379 sterling and 23,778,591 US dollar ordinary shares in issue (excluding treasury), with total voting rights standing at 480,782,249, a change that marginally alters the ownership profile and could influence liquidity and market pricing for existing shareholders.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 122,013 sterling ordinary shares and 14,500 US dollar ordinary shares on the London Stock Exchange, buying them from J.P. Morgan Securities at weighted average prices of £4.0189 and $4.24 respectively, and intends to hold these shares in treasury. Following the transaction, the company has 314,829,920 sterling shares and 23,788,251 US dollar shares in issue (excluding treasury), with 63,220,004 sterling and 338,417 US dollar shares held in treasury, resulting in a total of 481,208,156 voting rights, underscoring an ongoing capital management strategy that can support liquidity in the market and potentially enhance net asset value per share for remaining investors.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has indicated that class closure resolutions (CCRs) are likely to be triggered for both its Sterling and US dollar share classes if the final net asset values (NAVs) at 31 December 2025 match the estimated NAVs released on 6 January 2026. The confirmation, with final month-end NAVs expected around 23 January 2026, signals that both share classes may face potential closure, a move that could materially alter the company’s capital structure and investor base; the company said it will issue a further announcement if CCRs are in fact triggered.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 128,058 sterling ordinary shares and 5,000 US dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, and will hold these shares in treasury. Following the buyback, the company has 314,951,933 sterling shares and 23,802,751 US dollar shares in issue (excluding treasury), with 63,097,991 sterling and 323,917 US dollar shares held in treasury, bringing total voting rights to 481,398,666, a move that modestly adjusts the capital structure and may support share price and net asset value metrics for existing shareholders.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 159,429 sterling ordinary shares and 23 US dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, at weighted average prices of £4.0111 and $4.2400 respectively, with the intention of holding these shares in treasury. Following this transaction, the company has 315,079,991 sterling shares and 23,807,751 US dollar shares in issue (excluding treasury holdings), while 62,969,933 sterling shares and 318,917 US dollar shares are held in treasury, resulting in a total of 481,590,842 voting rights; the move reflects continued active capital management and may support share price stability and capital efficiency for investors.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has conducted a share buyback on 5 January 2026, purchasing 172,128 Sterling ordinary shares and 3,000 US Dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, at weighted average prices of £3.9991 and $4.26 respectively. The repurchased shares will be held in treasury, leaving 315,239,420 Sterling shares and 23,807,774 US Dollar shares in issue (excluding treasury) and bringing the company’s total voting rights to 481,825,380, a move that may support the share price and adjust the capital structure in line with shareholder interests.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has completed its scheduled 30 November 2025 share conversion, setting exchange ratios of 0.775017 sterling shares for each US dollar share and 1.290293 US dollar shares for each sterling share in line with its articles of incorporation. As a result of investor elections, the company will issue 9,911 new US dollar shares and cancel 7,682 sterling shares effective 5 January 2026, with the new stock expected to be admitted to the UK Official List and to trading on the London Stock Exchange around 12 January 2026; following the adjustments, BH Macro will have 23,810,774 US dollar ordinary shares and 315,411,548 sterling ordinary shares in issue (excluding treasury shares), while overall voting rights will total approximately 482.1 million and the per-share voting entitlements will remain unchanged for each class, signalling only a modest technical rebalancing between currency share classes rather than a shift in control or strategy for shareholders.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 125,354 of its sterling ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc at a weighted average price of £4.0060 per share and intends to hold the stock in treasury. Following this buyback, the company’s capital structure comprises 315,419,230 sterling shares and 23,800,863 US dollar shares in issue (excluding treasury), alongside significant treasury holdings in both classes, resulting in total voting rights of 482,084,624, a move that may support capital management objectives and potentially enhance net asset value per share for remaining investors.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has reported that, as of 31 December 2025, its issued share capital comprises 315,544,584 GBP ordinary shares carrying 1.4710 voting rights each and 23,800,863 USD ordinary shares carrying 0.7606 voting rights each, resulting in a total of 482,269,019 voting rights. The company also disclosed it holds 62,513,022 GBP shares and 315,894 USD shares in treasury, and confirmed that the published total voting rights figure should be used by shareholders to assess whether they must notify any holdings or changes in holdings under UK disclosure and transparency rules, ensuring continued regulatory compliance and transparency for investors.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 136,077 Sterling ordinary shares and 5,000 US Dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, with the intention of holding these shares in treasury. Following these transactions, the company now has 315,544,584 Sterling shares and 23,800,863 US Dollar shares in issue excluding treasury holdings, while 62,513,022 Sterling shares and 315,894 US Dollar shares are held in treasury, resulting in total voting rights of 482,269,019 from 31 December 2025, a move that modestly adjusts the capital structure and may support share price and net asset value metrics for investors.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has executed a further buyback of its own shares on the London Stock Exchange, purchasing 95,854 sterling ordinary shares at a weighted average price of £3.9883 and 3,678 US dollar ordinary shares at $4.20 on 30 December 2025 from J.P. Morgan Securities. The company will hold these shares in treasury, resulting in 315,680,661 sterling and 23,805,863 US dollar ordinary shares remaining in issue (excluding treasury) and a total of 482,472,992 voting rights, a move that marginally consolidates existing shareholders’ interests and may support the trading liquidity and market pricing of the fund’s listed share classes.
The most recent analyst rating on (GB:BHMG) stock is a Hold with a £412.00 price target. To see the full list of analyst forecasts on BH Macro Shs GBP stock, see the GB:BHMG Stock Forecast page.
BH Macro Limited has repurchased 105,105 sterling shares and 10,000 US dollar shares on the London Stock Exchange from J.P. Morgan Securities at weighted average prices of £3.9718 and $4.22 respectively, and will hold all of the acquired stock in treasury. Following these buybacks, the company has 315,776,515 sterling shares and 23,809,541 US dollar shares in issue (excluding treasury), alongside substantial treasury holdings in both classes, leaving the total voting rights at 482,616,791 and signalling continued active capital management that may support share liquidity and net asset value per share for investors.
BH Macro Limited, a Guernsey-registered closed-ended investment company providing listed exposure to the Brevan Howard Master Fund’s global macro hedge fund strategy, has released an update on portfolio transparency for investors. The company has made available on its website an Investor Transparency Report prepared by State Street Fund Services (Ireland) Limited, detailing the Net Asset Value of the Brevan Howard Master Fund as at 31 October 2025, enhancing disclosure for shareholders and offering greater insight into the underlying fund’s valuation and performance metrics.
BH Macro Limited has repurchased 64,172 sterling ordinary shares on the London Stock Exchange at a weighted average price of £3.9608 and will hold these shares in treasury, a move that can support the share price and offer flexibility for future capital management. Following this transaction, the company has 315,881,620 sterling shares and 23,819,541 US dollar shares in issue (excluding treasury), with additional shares held in treasury for both classes, bringing the total number of voting rights in the company to 482,779,006, information that is relevant for investors tracking their ownership stakes and for regulatory disclosure purposes.
BH Macro Limited has conducted a share buyback on the London Stock Exchange, repurchasing 244,475 Sterling ordinary shares at a weighted average price of £3.9593 and 10,500 US Dollar ordinary shares at a weighted average price of $4.22 from J.P. Morgan Securities. The company intends to hold these repurchased shares in treasury, leaving 315,945,792 Sterling and 23,819,541 US Dollar ordinary shares in issue (excluding treasury) and bringing total voting rights to 482,873,403, a move that may support the share price and adjust capital structure for existing shareholders.
BH Macro Limited has repurchased 280,000 Sterling ordinary shares and 7 US Dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, and will hold all of these shares in treasury. Following the buyback, the company now has 316,190,267 Sterling shares and 23,830,041 US Dollar shares in issue (excluding treasury), with total voting rights rising to 483,241,012, a move that marginally tightens the free float and may support net asset value per share and trading liquidity for existing shareholders.
BH Macro Limited has repurchased 150,377 sterling ordinary shares and 17,054 US dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, at weighted average prices of £3.9729 and $4.2199 respectively, with the intention of holding these shares in treasury. Following the transactions, the company has 316,470,267 sterling shares and 23,830,048 US dollar shares in issue (excluding treasury), alongside a significant treasury position in both classes, resulting in total voting rights of 483,652,898, reflecting an ongoing capital management strategy that may support liquidity and potentially enhance value for existing shareholders.
BH Macro Limited has repurchased 150,400 sterling ordinary shares and 17,210 US dollar ordinary shares on the London Stock Exchange from J.P. Morgan Securities, and intends to hold all of the purchased stock in treasury. Following these buybacks, the company reports 316.6 million sterling shares and 23.8 million US dollar shares in issue (excluding treasury), with total voting rights now standing at approximately 483.9 million, a move that modestly reduces the free float and could be supportive of net asset value per share for existing investors.
BH Macro Limited has published its Monthly Shareholder Report for November 2025, providing investors with updated information on the company’s performance and portfolio developments. The release, which directs shareholders to the full report document, underscores the company’s ongoing commitment to regular, transparent communication with its investor base and offers stakeholders detailed insights into recent activity and positioning within its macro investment strategies.
BH Macro Limited announced the purchase of 263,705 Sterling shares and 9,503 US Dollar shares from J.P. Morgan Securities plc on December 17, 2025. These shares, acquired at weighted average prices of 3.9886 (Sterling) and 4.2021 (US Dollar), will be held in treasury. After the transaction, the total number of voting rights amounts to 484,121,402, reflecting adjustments to the company’s share classes and treasury holdings. This move may reflect an effort to manage share capital effectively and optimize shareholder value.
BH Macro Limited has announced the repurchase of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, acquiring 260,994 Sterling shares and 2,267 US Dollar shares. The company plans to hold these shares in treasury, impacting the total number of shares in issue and the voting rights, which now total 484,516,540.
BH Macro Limited announced the purchase of its own ordinary shares on the London Stock Exchange, acquiring 244,314 Sterling shares and 11,000 US Dollar shares from J.P. Morgan Securities plc. The company plans to hold these shares in treasury, which will affect the total number of shares in issue and voting rights, potentially impacting shareholder value and market perception.
BH Macro Limited announced the purchase of its own shares on the London Stock Exchange, acquiring 201,000 Sterling shares and 4,179 US Dollar shares. The company plans to hold these shares in treasury, which will adjust the total number of shares in issue and voting rights, potentially impacting shareholder value and market perception.
BH Macro Limited has announced an operational update regarding its share conversion timetable, moving the deadline for December 2025 share conversion requests to midday on 30 December 2025. The company also highlighted the potential triggering of Class Closure Resolutions (CCRs) for its Sterling and US dollar share classes, which would suspend share conversions starting January 2026 if the average market price falls significantly below the net asset value. This announcement could impact shareholder operations and reflects the company’s proactive management of share class liquidity.
BH Macro Limited has announced the purchase of 58,715 of its own ordinary shares on the London Stock Exchange, which will be held in treasury. This transaction affects the total number of shares in issue and voting rights, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
BH Macro Limited has announced the receipt of share conversion requests for its November 2025 Share Conversion Date, involving the conversion of 960 USD shares to GBP shares and 8,426 GBP shares to USD shares. These conversions will occur promptly after the company’s month-end net asset value figures for November 2025 are released, with shareholders being notified within 25 business days post the conversion date.
BH Macro Limited announced the purchase of 125,354 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, at a weighted average price of 4.0144. The company plans to hold these shares in treasury, affecting the total number of shares in issue and voting rights, which now total 485,904,542. This transaction reflects the company’s strategic financial management and may influence its market positioning and stakeholder interests.
BH Macro Limited announced the purchase of 259,768 of its own ordinary shares on the London Stock Exchange, which will be held in treasury. This transaction adjusts the total number of shares in issue and impacts the voting rights, now totaling 486,262,473, potentially affecting shareholder value and market perception.
BH Macro Limited announced the repurchase of 268,397 of its ordinary shares on the London Stock Exchange, which will be held in treasury. This transaction affects the total number of shares in issue and voting rights, potentially impacting shareholder value and market perception of the company’s financial strategies.
BH Macro Limited announced the purchase of 213,346 of its ordinary shares on the London Stock Exchange, with the intention to hold these shares in treasury. This transaction affects the total number of shares in issue and voting rights, potentially impacting the company’s market positioning and shareholder value.
BH Macro Limited has completed its share conversion process for 31 October 2025, resulting in the issuance of 23,678 US Dollar Shares and the cancellation of 18,472 Sterling Shares. The new shares are expected to be admitted to the UK Listing Authority and traded on the London Stock Exchange by 10 December 2025, with shareholder accounts updated accordingly. The total number of voting rights in the company will remain unchanged following the conversion.
BH Macro Limited announced the repurchase of 235,361 of its ordinary shares on the London Stock Exchange, which will be held in treasury. This transaction adjusts the total number of shares and voting rights, potentially impacting shareholder value and market perception of the company’s financial strategies.
BH Macro Limited has announced the repurchase of 35,801 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc at a weighted average price of 3.9700. These shares will be held in treasury, impacting the total number of voting rights, which now stands at 487,699,451. This transaction reflects the company’s ongoing strategy to manage its share capital and potentially enhance shareholder value.
BH Macro Limited, a closed-ended collective investment scheme based in Guernsey, has announced the purchase of 27,438 of its own ordinary shares on the London Stock Exchange. This transaction, conducted with J.P. Morgan Securities plc, is part of the company’s strategy to manage its share capital by holding these shares in treasury, which impacts the total number of shares in issue and voting rights.
BH Macro Limited announced the purchase of 137,705 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, with the intention to hold these shares in treasury. This transaction affects the total number of shares in issue and voting rights, potentially impacting the company’s market positioning and shareholder value.
BH Macro Limited has announced the purchase of 92,473 Sterling and 2,000 US Dollar ordinary shares from J.P. Morgan Securities plc on the London Stock Exchange. The company plans to hold these shares in treasury, impacting the total number of shares in issue and the voting rights, which now total 488,196,966. This transaction reflects the company’s strategic management of its share capital, potentially influencing its market positioning and shareholder value.
BH Macro Limited announced the purchase of 26,498 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc at a weighted average price of 3.9800 Sterling. The company plans to hold these shares in treasury, affecting the total number of shares in issue and voting rights, which now total 489,735,962. This transaction reflects the company’s strategic financial management and could impact its market positioning and shareholder value.
BH Macro Limited has received an Investor Transparency Report from State Street Fund Services regarding the Net Asset Value of the Brevan Howard Master Fund as of September 30, 2025. This report, now available on the company’s website, provides stakeholders with updated financial insights, potentially impacting investment decisions and market positioning.
BH Macro Limited has announced the purchase of 400,000 Sterling and 10,000 US Dollar ordinary shares from J.P. Morgan Securities plc, which will be held in treasury. This transaction impacts the total number of shares in issue and voting rights, reflecting the company’s strategic move to manage its share capital and potentially influence its market positioning.
BH Macro Limited announced the repurchase of 5,931 ordinary shares on the London Stock Exchange, which will be held in treasury. This transaction affects the total number of shares in issue and voting rights, with the company now holding a total of 490,519,037 voting rights. This move could impact the company’s market positioning by potentially enhancing shareholder value and optimizing capital structure.
BH Macro Limited has repurchased 260,391 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, with the intention to hold these shares in treasury. This transaction affects the total number of shares in issue and the voting rights within the company, which now stand at 490,527,761, potentially impacting shareholder value and company control dynamics.
BH Macro Limited has announced the purchase of 60,485 Sterling ordinary shares and 25,415 US Dollar ordinary shares from J.P. Morgan Securities plc, with the intention to hold these shares in treasury. This transaction affects the total number of shares in issue and voting rights, which now stand at 490,910,797, indicating a strategic move to manage its share capital and potentially enhance shareholder value.
BH Macro Limited has announced the repurchase of 106,466 of its ordinary shares from J.P. Morgan Securities plc, which will be held in treasury. This transaction affects the total number of shares in issue and voting rights, potentially impacting the company’s market positioning and shareholder value.
BH Macro Limited announced the repurchase of 54,854 Sterling and 3,500 US Dollar ordinary shares from J.P. Morgan Securities plc, which will be held in treasury. This transaction affects the total number of shares in issue and voting rights, with the company now having a total of 491,612,005 voting rights, potentially impacting shareholder value and market perception.
BH Macro Limited announced share conversion requests for October 2025, with 12,287 USD shares converting to GBP shares and 28,055 GBP shares converting to USD shares. The conversions will occur after the release of the company’s month-end net asset value figures, impacting shareholder positions and potentially affecting market perceptions of the company’s financial strategies.
BH Macro Limited has repurchased a total of 264,854 ordinary shares, comprising 20,000 US Dollar shares and 244,854 Sterling shares, from J.P. Morgan Securities plc on the London Stock Exchange. The repurchased shares will be held in treasury, affecting the company’s total number of voting rights, which now stands at 491,695,357. This transaction is part of the company’s ongoing strategy to manage its share capital and may influence its market positioning and stakeholder interests.
BH Macro Limited announced the purchase of 7,500 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, at a price of 4.12 pence per share. This transaction is part of the company’s strategy to hold these shares in treasury, impacting the total number of voting rights, which now stands at 492,070,749. This move reflects the company’s ongoing efforts to manage its share capital and potentially enhance shareholder value.
BH Macro Limited has announced its total voting rights as of October 31, 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rules. The company’s issued share capital includes 321,157,797 GBP Ordinary Shares and 25,238,831 USD Ordinary Shares, resulting in a total of 491,619,774 voting rights. This information is crucial for shareholders to determine their notification requirements regarding changes in their interest in the company.
BH Macro Limited, a closed-ended collective investment scheme based in Guernsey, has announced the repurchase of its ordinary shares on the London Stock Exchange. The company acquired 24,150 US Dollar shares and 23,469 Sterling shares, which will be held in treasury. This transaction affects the total number of shares in issue and voting rights, with the total voting rights now at 491,708,536. The repurchase could impact the company’s market positioning by potentially increasing shareholder value and adjusting the supply of shares in the market.
BH Macro Limited’s investor statement for the third quarter of 2025 reveals a decrease in total net assets from $2,091.5 million to $2,022.1 million, attributed to declines in both USD and GBP share classes. Despite the reduction in net assets, the net asset value (NAV) per share for both USD and GBP shares saw a slight increase, indicating a potential resilience in the fund’s value. This performance update provides stakeholders with critical insights into the fund’s current financial standing and the potential implications for future investment strategies.
BH Macro Limited announced the purchase of 22,277 of its ordinary shares, comprising 20,000 US Dollar shares and 2,277 Sterling shares, from J.P. Morgan Securities plc on the London Stock Exchange. The company plans to hold these shares in treasury, impacting the total number of shares in issue and voting rights, which now stand at 491,761,428. This transaction reflects the company’s strategy to manage its share capital effectively, which may influence its market positioning and shareholder value.
BH Macro Limited announced the repurchase of 11,072 of its ordinary shares on the London Stock Exchange at a price of 4.14 pence per share. The company intends to hold these shares in treasury, impacting the total number of voting rights, which now stands at 491,944,877. This move may affect the company’s market positioning and shareholder value.
BH Macro Limited has repurchased 11,717 of its ordinary US Dollar shares on the London Stock Exchange, with prices ranging between 4.12 and 4.14 pence per share. These shares will be held in treasury, affecting the total number of voting rights, which now stands at 491,953,299. This transaction reflects the company’s strategy to manage its share capital, potentially impacting shareholder value and market perception.
On 24 October 2025, BH Macro Limited announced that its non-executive director and Chairman, Mr. Richard Horlick, engaged in a reorganisation of his shareholdings. Mr. Horlick sold and subsequently repurchased 25,000 Sterling shares of the company on the London Stock Exchange. This transaction was part of a personal reorganisation to transfer shares into his own name, reflecting a strategic personal financial move rather than a change in company operations.
BH Macro Limited has repurchased 18,000 of its US Dollar ordinary shares from J.P. Morgan Securities plc at prices ranging from 4.10 to 4.14 pence per share. These shares will be held in treasury, affecting the total number of shares in issue and voting rights, which now stand at 491,962,211. This transaction reflects the company’s ongoing strategy to manage its share capital and potentially enhance shareholder value.
BH Macro Limited has announced the receipt of an Investor Transparency Report from State Street Fund Services, detailing the Net Asset Value of the Brevan Howard Master Fund as of August 31, 2025. This report, now accessible on the company’s website, provides stakeholders with crucial financial insights, potentially impacting investment decisions and market perceptions.
BH Macro Limited announced the purchase of three of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc at a price of 403.50 pence each. The company plans to hold these shares in treasury, which will affect the total number of shares in issue and voting rights, now totaling 491,975,901.
The September 2025 Monthly Shareholder Report for BH Macro Limited has been released, providing insights into the company’s financial performance and investment strategies. This report is crucial for stakeholders as it offers a detailed overview of the company’s operations and market positioning, potentially impacting future investment decisions.
BH Macro Limited reported a slight negative return on its GBP NAV per share for the first half of 2025, with its Sterling and US Dollar share classes experiencing a widening discount to NAV. The company’s strategic positioning amid geopolitical uncertainties and tariff impacts has highlighted its role as a portfolio diversifier, offering potential opportunities for investors amid market volatility.
BH Macro Limited has repurchased 220,000 of its ordinary Sterling shares from J.P. Morgan Securities plc, at prices ranging from 399 to 400 pence per share. The company intends to hold these shares in treasury, adjusting the total number of voting rights to 492,030,538, which may impact its market positioning and shareholder value.
BH Macro Limited announced the purchase of 127,209 of its ordinary Sterling shares from J.P. Morgan Securities plc on the London Stock Exchange, with prices ranging from 397.00 to 401.50 pence. These shares will be held in treasury, affecting the total number of shares in issue and the company’s voting rights, which now total 492,354,158.
BH Macro Limited announced the repurchase of 160,000 of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc, with the intention to hold these shares in treasury. This transaction affects the total number of voting rights in the company, which now stands at 492,747,223, indicating a strategic move to manage its share capital and potentially enhance shareholder value.