Brevan Howard Trims Stake in Antero Resources

Hedge fund reduces position in oil and gas company by nearly 40%

Mar. 16, 2026 at 8:53am

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Brevan Howard Capital Management LP has reduced its stake in Antero Resources Corporation (NYSE:AR) by 39.6% in the third quarter, according to a recent SEC filing. The hedge fund now owns 126,334 shares of the oil and natural gas company's stock, down from 209,242 shares previously.

Why it matters

Antero Resources is a major player in the Appalachian Basin's natural gas and oil production, so changes in institutional ownership can signal shifts in market sentiment around the company and the broader energy sector.

The details

Brevan Howard sold 82,908 shares of Antero Resources during the third quarter, leaving it with a position valued at $4.24 million as of the latest filing. The hedge fund's reduced stake comes as Antero's stock has traded in a range between $29.10 and $44.01 over the past year.

  • Brevan Howard filed its most recent 13F report for the third quarter of 2026.

The players

Brevan Howard Capital Management LP

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

Antero Resources Corporation

An independent oil and natural gas company focused on the Marcellus and Utica shale plays in the Appalachian Basin.

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The takeaway

Brevan Howard's reduced stake in Antero Resources could signal broader uncertainty around the energy sector, though the company remains a major player in the Appalachian Basin's natural gas and oil production.