BH Macro (BHMG.L)
A London-listed investment vehicle providing exposure to the global macro trading strategies of Brevan Howard.
What BH Macro does
BH Macro Limited is a closed-ended investment company that aims to provide shareholders with capital growth by investing its assets in the Brevan Howard Master Fund Limited. The master fund primarily employs a global macro strategy, taking directional and relative value positions in interest rates, foreign exchange, equity, and commodity markets.
Themes: Global macro trading, Alternative investments, Hedge fund strategies
Fundamentals
- Price£4.17 as of 2026-08-03 close
- Market capn/a company fundamentals are not available for UK-listed companies in our data
- 1-year return+5.4% 2025-08-01 close £3.95 → 2026-08-03 close £4.17
- P/En/a company fundamentals are not available for UK-listed companies in our data
- Net marginn/a company fundamentals are not available for UK-listed companies in our data
- Gross marginn/a company fundamentals are not available for UK-listed companies in our data
- ROEn/a company fundamentals are not available for UK-listed companies in our data
- Debt / equityn/a company fundamentals are not available for UK-listed companies in our data
- Revenue growth (YoY)n/a company fundamentals are not available for UK-listed companies in our data
- Revenue CAGR (3y)n/a company fundamentals are not available for UK-listed companies in our data
- Betan/a we do not track a market benchmark for UK-listed companies
Dividend: company fundamentals are not available for UK-listed companies in our data.
How BH Macro looks technically
BH Macro (BHMG.L) is trading 1.1% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 170 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 3, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 37, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 5 trading days ago. Trading volume is unusually light — only about 0% of its 30-day average.
Trend
| Distance from the 200-day | +1.1% | it is trading 1.1% above its 200-day average, the long-term trend line — a longer-term uptrend |
|---|---|---|
| 50-day moving average | £4.24 | its average price over the last 50 trading days — a short-term trend line — is £4.24 |
| 200-day moving average | £4.12 | its average price over the last 200 trading days — the long-term trend line — is £4.12 |
| Since the 50/200 cross | 170 sessions | its 50-day average crossed above its 200-day average about 170 trading days ago — a "golden cross", a bullish long-term signal |
| Trend strength (14-day ADX) | 2.8 | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 3, below the 25 that marks a real trend) |
Momentum
| 14-day RSI | 36.6 | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 37, neither overbought (above 70) nor oversold (below 30) |
|---|---|---|
| Since the MACD crossed zero | 20 sessions | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) |
Range
| 52-week high | £4.45 | its highest closing price over the past year (about 252 trading days) was £4.45 |
|---|---|---|
| From the 52-week high | -6.4% | it is 6.4% below its 52-week high (its highest price of the past year) |
| Above the 52-week low | +10,485% | it is 10484.5% above its 52-week low (its lowest price of the past year) |
| Below the 52-week high | 6.4% | it is 6.4% below its highest point of the past year |
| Since a 20-day breakout | 5 sessions | it made a new 20-day low about 5 trading days ago |
| Since a 55-day breakout | 0 sessions | it is trading within its recent 55-day range, with no fresh breakout up or down |
| All-time high | £5.23 | its highest closing price on record is £5.23 (set on 2022-09-26) |
| From the all-time high | -20.4% | it is 20.4% below its all-time high |
| All-time low | £0.036 | its lowest closing price on record is £0.036 (set on 2023-10-25) |
| Above the all-time low | +11,469% | it is 11469.4% above its all-time low |
Volatility
| Band width vs its own 6 months | 37th percentile | day-to-day price swings are about average versus its own recent 6-month history |
|---|---|---|
| Bollinger bands (20-day, ±2σ) | £4.13 – £4.20 – £4.27 | most of its recent trading has stayed between about £4.13 and £4.27 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles |
Volume
| Volume vs its 30-day average | 0.00× | trading volume is unusually light — only about 0% of its 30-day average |
|---|
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · trendless / choppy (low ADX) | Learn: moving average · golden cross · adx · rsi · breakout · volume and relative volume
Based on daily closing prices as of 2026-08-03. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Dependence on the investment performance of the underlying master fund managed by Brevan Howard.","Market risk associated with global macro trading strategies including leverage and derivatives.","Discount to net asset value (NAV) risk, affecting share price performance."]
Competitors & peers
- Pershing Square Holdings (PSH.L)
- Third Point Investors (TPOU.L)
- Brevan Howard (private)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Frequently asked questions
What does BH Macro (BHMG.L) do?
BH Macro Limited is a closed-ended investment company that aims to provide shareholders with capital growth by investing its assets in the Brevan Howard Master Fund Limited. The master fund primarily employs a global macro strategy, taking directional and relative value positions in interest rates, foreign exchange, equity, and commodity markets.
Who are BH Macro's (BHMG.L) competitors?
Notable peers of BH Macro (BHMG.L) include Pershing Square Holdings, Third Point Investors and Brevan Howard (private). This peer set is informational only — not financial advice.
Is BH Macro (BHMG.L) overbought or oversold right now?
BH Macro (BHMG.L) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 37, in the neutral middle (as of 2026-08-03). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BHMG.L come from?
Fundamentals and prices come from market data. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data. Prices are delayed daily-close data.
Last updated 2026-08-03.
Informational only — NOT financial advice. All figures are delayed daily-close data from market data, shown with their as-of date.