Brevan Howard Boosts Las Vegas Sands Stake by 185%

Hedge fund firm increases holdings in casino operator during Q3 2025

Mar. 15, 2026 at 10:57am

Got story updates? Submit your updates here. ›

Brevan Howard Capital Management LP grew its stake in Las Vegas Sands Corp. (NYSE:LVS) by 184.9% during the third quarter of 2025, according to a recent SEC filing. The firm now owns 122,297 shares of the casino operator's stock, up from 42,925 shares held previously.

Why it matters

This significant increase in Brevan Howard's position in Las Vegas Sands suggests the hedge fund firm sees strong potential in the casino company's future performance, despite ongoing challenges in the gaming industry due to the pandemic.

The details

According to the 13F filing, Brevan Howard added 79,372 shares of Las Vegas Sands during Q3 2025, bringing its total holdings to 122,297 shares valued at $6.58 million. The firm's increased stake represents a nearly 185% jump from the 42,925 shares it held at the end of the prior quarter.

  • Brevan Howard filed its 13F report for Q3 2025 on March 15, 2026.

The players

Brevan Howard Capital Management LP

A global macro hedge fund firm founded in 2002 that manages over $20 billion in assets.

Las Vegas Sands Corp.

A leading global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention facilities, retail, dining, and entertainment.

Got photos? Submit your photos here. ›

The takeaway

Brevan Howard's substantial increase in its Las Vegas Sands stake suggests the hedge fund sees the casino operator as an attractive long-term investment, despite the industry's pandemic-related challenges. This vote of confidence from a major institutional investor could signal potential upside for Las Vegas Sands stock going forward.