Yes. Use a 2.5 mm hex wrench to rotate the brake lever reach adjust clockwise to bring the lever closer to the bar, or counterclockwise to move the lever away from the bar. The 2.5mm hex is located under the brake lever hood/brake lever assembly. The brake lever and shifter paddle adjust together.
You can find full instructions in the AXS systems manual here.
Does the Apex AXS shift-brake lever offer reach adjust?
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