Brevan Howard Capital Management 13F: New $6.5M Stake in ALGM

Brevan Howard Initiates New Position in Allegro MicroSystems

Brevan Howard Capital Management opened a new investment in Allegro MicroSystems, Inc. (NasdaqGS: ALGM), according to a Form 13F filing with the U.S. Securities and Exchange Commission. The filing reflects holdings as of May 15, 2026, and may not represent the investor's current position today. Institutional filings give a look back at what major funds bought or sold during a specific quarter, though portfolios often shift after the reporting date.

Inside the New Allegro MicroSystems Investment

The fund bought 95,099 shares of the semiconductor maker, establishing a brand-new stake from a prior count of zero. Based on the valuation provided in the filing, the newly acquired shares carried an estimated worth of about $6.52 million. Because this was a fresh purchase, there was no prior quarter comparison or percentage change to report for the holding.

Allegro MicroSystems Stock Trades Near Highs

Shares of Allegro MicroSystems traded around $68.55, sitting close to the top of their 52-week trading span of $22.41 to $71.77. The stock holds a market capitalization of roughly $6.62 billion and a trailing P/E ratio of 507.14, alongside a forward P/E ratio of 24.05. The company's beta stands at 1.91, showing higher volatility than the broader market.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the chipmaker through recent months. On October 2, 2026, RBC Capital initiated coverage on the stock with an Outperform rating and a $50.00 price target. Earlier, on August 13, 2026, Benchmark started coverage with a Buy rating and a $60.00 price target. Mizuho maintained an Outperform rating on July 31, 2026, adjusting its price target to $58.00 from $67.00. On the same day, Morgan Stanley maintained its Overweight rating with a target of $52.00, while TD Cowen kept a Buy rating and lowered its target to $48.00 from $66.00.

What Allegro MicroSystems Does

Allegro MicroSystems, Inc. designs and manufactures sensor integrated circuits and application-specific power chips. These components handle sensing, motion control, and power management for complex systems. The company sells its products mainly to automotive and industrial customers, including fast-growing markets like artificial intelligence data centers, robotics, and clean energy infrastructure.

Looking Ahead for Fund Filings

Investors tracking institutional moves will wait for the next round of 13F disclosures to see if Brevan Howard adjusts its stake further. Allegro MicroSystems is scheduled to report its next set of financial results on October 29, 2026. As always, these regulatory filings are historical snapshots and do not serve as investment advice or a recommendation to buy or sell shares.