Brevan Howard Cuts Stake in Mueller Industries

Hedge fund reduces holding in industrial products company by over 70%

Mar. 16, 2026 at 8:53am

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Brevan Howard Capital Management LP decreased its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 72.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,865 shares of the industrial products company's stock after selling 131,650 shares during the quarter.

Why it matters

This filing provides insight into the investment strategy of Brevan Howard, a prominent global macro hedge fund. The significant reduction in their Mueller Industries stake suggests a shift in their outlook on the industrial products company.

The details

Brevan Howard Capital Management sold 131,650 shares of Mueller Industries in the 3rd quarter, reducing its stake by 72.1%. The firm now owns 50,865 shares of the company's stock, worth $5.14 million at the end of the quarter. Mueller Industries is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products, serving markets like HVAC, refrigeration, plumbing, and automotive.

  • Brevan Howard made the stock sales in the 3rd quarter of 2026.

The players

Brevan Howard Capital Management LP

A global macro hedge fund that has reduced its stake in Mueller Industries by over 70%.

Mueller Industries, Inc.

A diversified manufacturer and marketer of copper, brass, aluminum and plastic products for various industries.

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The takeaway

Brevan Howard's significant reduction in its Mueller Industries holding suggests the hedge fund may have a more cautious outlook on the industrial products company's prospects. This filing provides a window into the investment decisions of a prominent global macro fund.