BH MACRO LIMITED ORD NPV (GBP) chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share -0.17
Dividend & YieldN/A£ (N/A)
Beta -0.16
Market capitalization 1.54B
Operating cash flow -274.7M
ESG Scores unknown

Company description

BH Macro Limited is a feeder fund launched and managed by Brevan Howard Asset Management LLP. It invests its entire corpus in the Brevan Howard Master Fund Limited. BH Macro Limited was formed on January 17, 2007 and is domiciled in Guernsey, Channel Islands.

Sector: Financial Services - Industry: Asset Management

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities 19.87M 19.87M 19.87M 94.96M
Change To Operating Activities 5.51M 5.03M 30.05M -33.3M
Issuance Of Stock 19.87M 19.87M 19.87M 160.18M
Net Income 34.98M 59.46M 181.53M 12.01M
Change In Cash 4.6M -4.98M 267k 15.47M
Effect Of Exchange Rate 197k -322k -1.64M 4.68M
Total Cash From Operating Activities 4.4M -4.66M -17.97M -84.17M
Depreciation
Change To Account Receivables
Other Cashflows From Financing Activities
Change To Netincome -36.1M -69.15M -229.55M -62.88M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 34.98M 59.46M 181.53M 12.01M
Net Income 34.98M 59.46M 181.53M 12.01M
Selling General Administrative 9.1M 13.31M 41.89M 19.15M
Gross Profit -4.89M -5.24M -4.84M -4.46M
Ebit -13.99M -18.55M -46.73M -23.62M
Operating Income -13.99M -18.55M -46.73M -23.62M
Interest Expense
Income Tax Expense
Total Revenue -4.89M -5.24M -4.84M -4.46M
Cost Of Revenue
Total Other Income ExpenseNet 48.97M 78.01M 228.26M 35.63M
Net Income From Continuing Ops 34.98M 59.46M 181.53M 12.01M
Net Income Applicable To Common Shares 34.98M 59.46M 181.53M 12.01M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 6M 11.01M 41.05M 9.76M
Total Stockholder Equity 500.3M 559.76M 761.17M 1.3B
Other Current Liabilities
Total Assets 506.31M 570.78M 802.22M 1.31B
Common Stock 500.3M 559.76M 761.17M 1.3B
Other Current Assets
Retained Earnings
Treasury Stock
Cash 5.68M 694k 961k 16.43M
Total Current Liabilities 6M 11.01M 41.05M 9.76M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 5.74M 12.17M 43.59M 19.07M
Net Tangible Assets 500.3M 559.76M 761.17M 1.3B
Net Receivables 11.43M 42.6M 2.35M
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to BH MACRO LIMITED ORD NPV (GBP):

Filer Name Transaction Text Ownership Date Filer Relation Shares
Investec Wealth & Investment LimitedD2022-09-29296.14k
LGT Group Holding LtdD2022-07-21
Investec Wealth & Investment LimitedD2022-07-1213.3k
Investec Wealth & Investment LimitedD2022-07-1114.93k
Investec Wealth & Investment LimitedD2022-07-07346.95k
Investec Wealth & Investment LimitedD2022-05-19567k
Rathbone Investment Management LtdD2022-04-284.14k
Rathbone Investment Management LtdD2022-04-272.38k
Investec Wealth & Investment LimitedD2022-04-26197.32k
Rathbone Investment Management LtdD2022-04-266.24k
Rathbone Investment Management LtdD2022-04-2513.85k
Rathbone Investment Management LtdD2022-04-012.85M
Investec Wealth & Investment LimitedD2022-03-10156.54k
Investec Wealth & Investment LimitedD2022-03-09808.01k
Quilter PlcD2022-02-10343.03k
Poidevin (John Le)D2021-12-31
Chapman (Julia)D2021-12-31
Curtis (Bronwyn OBE)D2021-12-31
Horlick (Richard)D2021-12-31
Whittet (Claire)D2021-12-31
Investec Wealth & Investment LimitedD2021-11-032.8M
Curtis (Bronwyn OBE)Bought at price 49.19 per share.D2021-10-211k
Whittet (Claire)Bought at price 0.47 per share.D2021-09-281.5k
Investec Wealth & Investment LimitedD2021-09-211.81M
Horlick (Richard)Bought at price 49.23 per share.D2021-09-0220k
Investec Wealth & Investment LimitedD2021-09-01946.91k
Quilter PlcD2021-08-31
Rathbone Investment Management LtdD2021-08-06430.29k
Investec Wealth & Investment LimitedD2021-06-22249.35k
Investec Wealth & Investment LimitedD2021-06-01263.45k
Investec Wealth & Investment LimitedD2021-05-138.35k
BH Macro Ltd.D2021-04-08
Investec Wealth & Investment LimitedD2021-02-243.79k
Rathbone Investment Management LtdD2021-02-24130.81k
Investec Wealth & Investment LimitedD2021-02-232.04k
Investec Wealth & Investment LimitedD2021-02-22494
Investec Wealth & Investment LimitedD2021-02-184.14k
Investec Wealth & Investment LimitedD2021-02-121.47M
Investec Wealth & Investment LimitedD2021-02-081.42M
BH Macro Ltd.D2021-02-02
Investec Wealth & Investment LimitedD2021-01-2634.03k
BH Macro Ltd.D2021-01-08
Maltby (Colin Charles)D2020-12-31
Poidevin (John Le)D2020-12-31
BH Macro Ltd.D2020-12-01
Investec Wealth & Investment LimitedD2020-11-021.47M
Investec Wealth & Investment LimitedD2020-10-302.32k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to BH MACRO LIMITED ORD NPV (GBP). You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on BH MACRO LIMITED ORD NPV (GBP)

Here is the result of two systematic investment strategies applied to BH MACRO LIMITED ORD NPV (GBP). The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on BH MACRO LIMITED ORD NPV (GBP)

The following chart shows the equity curve of the two systematic investment strategies applied to BH MACRO LIMITED ORD NPV (GBP):

BH MACRO LIMITED ORD NPV (GBP) automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 34.36% on the backtest period.

Performance at glance

Performance

34.36 %

Latent gain

4705.0 £

Invested capital

13695.0 £

Annualized return

8.34 %
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Momentum strategy results on BH MACRO LIMITED ORD NPV (GBP)

This is the result of two momentum investment strategies applied to BH MACRO LIMITED ORD NPV (GBP). The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on BH MACRO LIMITED ORD NPV (GBP)

The following chart shows all the entries opened by the momentum investment system on BH MACRO LIMITED ORD NPV (GBP):

BH MACRO LIMITED ORD NPV (GBP) momentum entries
  • The first momentum investment strategy would give 69.2% of return on BH MACRO LIMITED ORD NPV (GBP). That represents 6020.0£ of latent gain with 8700.0£ of employed capital.
  • The second momentum investment strategy would give 52.14% of return on BH MACRO LIMITED ORD NPV (GBP). That represents 5045.0£ of latent gain with 9675.0£ of employed capital.
Performance at glance (1Q Momentum)

Performance

69.2 %

Latent gain

6020.0 £

Invested capital

8700.0 £

Annualized return

5.06 %
Performance at glance (2Q Momentum)

Performance

52.14 %

Latent gain

5045.0 £

Invested capital

9675.0 £

Annualized return

14.32 %

Momentum equity curve on BH MACRO LIMITED ORD NPV (GBP)

The following chart shows the equity curve of the two momentum strategies applied to BH MACRO LIMITED ORD NPV (GBP):

BH MACRO LIMITED ORD NPV (GBP) momentum equity

Note: the dividends potentially given by BH MACRO LIMITED ORD NPV (GBP) are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on BH MACRO LIMITED ORD NPV (GBP)

The following chart shows the employed capital evolution of the two momentum strategies on BH MACRO LIMITED ORD NPV (GBP) since the beginning:

BH MACRO LIMITED ORD NPV (GBP)

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on BH MACRO LIMITED ORD NPV (GBP)

Buy the dip entry openings on BH MACRO LIMITED ORD NPV (GBP)

BH MACRO LIMITED ORD NPV (GBP)

The performance achieved by the robo-advisor on BH MACRO LIMITED ORD NPV (GBP) is 10.73%. That represents 1070.0$ of latent gain with 9970.0£ of employed capital. The following chart shows BH MACRO LIMITED ORD NPV (GBP) stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of BH MACRO LIMITED ORD NPV (GBP), and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

10.73 %

Latent gain

1070.0 £

Invested capital

9970.0 £

Annualized return

5.06 %

Equity curve of the strategy applied to BH MACRO LIMITED ORD NPV (GBP)

The following chart shows the result of the investment strategy applied to BH MACRO LIMITED ORD NPV (GBP):

BH MACRO LIMITED ORD NPV (GBP)

Note: the dividends potentially given by BH MACRO LIMITED ORD NPV (GBP) are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on BH MACRO LIMITED ORD NPV (GBP)

The following chart shows the employed capital evolution since the beginning of the investment strategy on BH MACRO LIMITED ORD NPV (GBP):

BH MACRO LIMITED ORD NPV (GBP)

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on BH MACRO LIMITED ORD NPV (GBP)

In this section, I will compare the three previous investment strategies applied to BH MACRO LIMITED ORD NPV (GBP).

Equity curve comparison on BH MACRO LIMITED ORD NPV (GBP)

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

BH MACRO LIMITED ORD NPV (GBP) investment strategy comparison

Employed capital comparison on BH MACRO LIMITED ORD NPV (GBP)

BH MACRO LIMITED ORD NPV (GBP) investment comparison

Performance comparison on BH MACRO LIMITED ORD NPV (GBP)

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 34.36% 4705.0£ 13695.0£ 8.34%
Momentum 1 quarter 69.2% 6020.0£ 8700.0£ 17.84%
Momentum 2 quarters 52.14% 5045.0£ 9675.0£ 14.32%
Non-directional 10.73% 1070.0£ 9970.0£ 5.06%
Annualized return comparison

Automatic investment

8.34 %

Momentum 1Q

14.32 %

Momentum 2Q

14.32 %

Non-directional

5.06 %

Correlated stocks

Here are the most positively and negatively correlated stocks with BH MACRO LIMITED ORD NPV (GBP):

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between BH MACRO LIMITED ORD NPV (GBP) and the other stocks. There may be false positives or some missing correlated stocks. If the price of BH MACRO LIMITED ORD NPV (GBP) does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name BH MACRO LIMITED ORD NPV (GBP)
Country Jersey
City St. Helier
Address 6th Floor
Phone 44 1534 605 400
Website www.bhmacro.com
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XLON
Ticker BHMG.XLON
Market www.londonstockexchange.com

BH MACRO LIMITED ORD NPV (GBP) ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown