Brevan Howard Reduces Stake in Cadence Design Systems

Hedge fund sells 9,313 shares of software maker

Mar. 17, 2026 at 8:19am

Got story updates? Submit your updates here. ›

Brevan Howard Capital Management LP reduced its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 52.4% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 8,447 shares of the software maker's stock, down from 17,760 shares previously.

Why it matters

Cadence Design Systems is a major player in the electronic design automation (EDA) software industry, providing tools and solutions used by semiconductor companies, equipment manufacturers, and system designers. Changes in institutional ownership of the stock can signal shifts in market sentiment and expectations around the company's performance.

The details

According to the 13F filing, Brevan Howard sold 9,313 shares of Cadence Design Systems during the third quarter, reducing its total position to 8,447 shares valued at $2,967,000. The hedge fund cited unspecified reasons for the reduction in its Cadence holdings. Cadence Design Systems' stock price has fluctuated in recent months, trading between a 52-week low of $221.56 and a high of $376.45.

  • Brevan Howard reported the stake reduction in its Q3 2026 13F filing.

The players

Brevan Howard Capital Management LP

A global macro hedge fund based in the United Kingdom.

Cadence Design Systems, Inc.

A leading provider of electronic design automation (EDA) software, hardware and intellectual property used in the design of advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and electronic systems.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Brevan Howard's Cadence Design Systems stake reflects broader market volatility and uncertainty around the semiconductor industry. However, Cadence remains a dominant player in the EDA software space, serving a diverse range of customers across the electronics design ecosystem.