Brevan Howard Capital Management 13F: Cuts AAPL Stake by $35M

Brevan Howard Trims Apple Position

Brevan Howard Capital Management reduced its exposure to Apple Inc. (NasdaqGS: AAPL) during the reporting period, cutting its stake by 44.7%. According to its Form 13F filed with the Securities and Exchange Commission, the firm parted ways with 122,466 shares of the consumer electronics giant. That left the fund holding 151,567 shares at the close of the period, with a reported value of roughly $43.5 million based on the underlying valuation metrics. Because 13F filings look backward at holdings from a prior date, this report reflects positions at that time and might not match the fund's current holdings today.

Apple Stock Performance and Valuation

Apple shares trade near the spot price of $287.07, sitting inside a 52-week range that stretches from a low of $243.42 up to a high of $348.15. The company carries a market capitalization of roughly $5.0 trillion and a P/E ratio of 39.22. Its forward P/E ratio sits at 35.71, while its beta is tracked at 1.07. These trading levels place the stock near the middle of its annual band as institutional managers adjust their portfolio weights.

Recent Insider Transactions

Inside the company, executives have completed share transactions recently. On October 13, 2026, Jennifer Newstead, Senior Vice President, General Counsel, and Government Affairs leader, sold 2,399 shares at an average price of $345.00, totaling $827,655.00 under a pre-arranged Rule 10b5-1 plan. Earlier, on June 15, 2026, Principal Accounting Officer Ben Borders sold 124 shares at $296.42 per share for a total value of $36,756.08.

Analysts Set New Price Targets

Wall Street firms have continued updating their outlooks on Apple shares. On October 12, 2026, JP Morgan maintained an Overweight rating while lifting its price target to $360.00 from $340.00. Morgan Stanley kept an Overweight rating on October 1, 2026, with a $355.00 target, while Needham reiterated a Hold rating on the same day. Overall, the stock holds a consensus buy recommendation from 39 analyst opinions, backed by a mean price target of $329.38.

Inside the Business

Apple Inc. designs, manufactures, and markets mobile communication devices, personal computers, and digital media accessories globally. The company offers core hardware lines like the iPhone, Mac, and iPad, alongside wearable devices, digital content platforms, cloud services, and paid subscriptions. Founded in 1976 and headquartered in Cupertino, California, the company reaches consumers as well as enterprise and government markets through its retail footprint and digital storefronts.

What's Ahead for Apple Inc.

Investors tracking Brevan Howard and other institutional managers will wait for subsequent 13F filings to see how positions evolve. Apple's next earnings report is scheduled for November 2, 2026, which will provide fresh data on revenue growth, net margins, and overall financial performance.