Brevan Howard Reduces Stake in Guidewire Software

Hedge fund cuts holdings in technology company by over 60%

Mar. 16, 2026 at 8:53am

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Brevan Howard Capital Management LP, a major hedge fund, has reduced its stake in Guidewire Software, Inc. (NYSE:GWRE) by 64.1% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 27,484 shares of the technology company's stock, down from 76,660 shares previously.

Why it matters

Guidewire Software is a major provider of core insurance software solutions, and changes in ownership by large institutional investors can signal shifts in market sentiment around the company's prospects. Brevan Howard's reduced stake may indicate broader concerns about Guidewire's performance or valuation.

The details

According to the 13F filing, Brevan Howard sold 49,176 shares of Guidewire Software during the third quarter, leaving it with a remaining position valued at $6.32 million. The hedge fund cited unspecified reasons for reducing its holdings in the technology company.

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

The players

Brevan Howard Capital Management LP

A major global hedge fund with over $20 billion in assets under management.

Guidewire Software, Inc.

A leading provider of core insurance software solutions for property and casualty insurers.

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The takeaway

Brevan Howard's reduced stake in Guidewire Software could signal broader concerns about the company's performance or valuation, though the specific reasons are not yet clear. Investors will likely watch for any further changes in ownership by major institutional investors as an indicator of market sentiment around Guidewire.