What smart money is saying about Broadcom
AVGO · Technology · Semiconductors · Market cap $1957.03B
25 funds in our archive have pitched Broadcom, most recently CDT Capital VNAV in September 2026.
Company profile
Broadcom Inc. is a prominent global technology enterprise focused on the innovation, development, and supply of advanced semiconductor solutions and critical infrastructure software. The company's headquarters are situated in San Jose, California, and it maintains a significant team of 19,000 full-time staff. Its operations are segmented into four primary divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. Broadcom’s diverse product range is integrated into numerous end-user technologies, including enterprise and data center networking, residential internet solutions, digital television receivers, telecommunications apparatus, mobile phones, data center servers and storage architectures, industrial automation, alternative and power generation systems, and electronic display technologies. The company's product offerings extend from fundamental discrete components to intricate sub-systems incorporating various device categories. This also encompasses specialized firmware designed to facilitate interaction between analog and digital systems, alongside mechanical hardware engineered to connect with optoelectronic or capacitive sensing technologies.
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Fund signal · last 12 months
85 lettersFunds are split between buying and selling
−1
Net flow
14 buys · 3 new positions · 48%15 sells · 2 full exits
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 101 fund letters reported a position in Broadcom, with 15 buys (opened or added) and 16 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 29 | 4 | 2 | 4 |
| Q2 2026 | 40 | 6 | 10 | 6 |
| Q1 2026 | 11 | 4 | 1 | 2 |
| Q4 2025 | 5 | 0 | 2 | 6 |
| Q3 2025 | 3 | 0 | 0 | 1 |
| Q2 2025 | 7 | 0 | 1 | 1 |
| Q1 2025 | 3 | 1 | 0 | 2 |
| Q4 2024 | 3 | 0 | 0 | 3 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 102 positions · 34 moves
- September 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Broadcom - September 2026
“In addition to pressure from other third-party semiconductor companies, we believe the most powerful competition will come from customers’ own semiconductor design operations. Microsoft has its Maia chipset, Amazon has Trainium, Google has Ironwood, OpenAI has Jalapeño, and Meta has MTIA. It is our new view that the AI industry will become more profitable over time as Nvidia’s grip fades. To be sure, Nvidia is unlikely to disappear, but its relative importance must decline for the rest of the industry to flourish. As part of our new framework for AI, we revisited Broadcom (AVGO), a company we passed on in June. We believe Broadcom currently plays, and will continue to play, a pivotal role in enabling AI industry profits by assisting hyperscalers and AI labs to shift more of their computing requirements away from Nvidia and toward their own internal chipsets. As a provider of semiconductor intellectual property and design consulting, Broadcom is already working with Google, Meta, OpenAI, and Anthropic toward this end. As a result of this auspicious positioning, Broadcom is now one of the largest positions in our portfolio.”
Broadcom - September 2026
“In addition to the transactions discussed above, we initiated a new position in Danaher in the health care sector. We exited positions in Thermo Fisher Scientific, Gilead Sciences and Elanco Animal Health in the health care sector, Broadcom in the IT sector, Nestle and Celsius in the consumer staples sector, GXO Logistics and WESCO International in the industrials sector and Teck Resources in the materials sector.”
Broadcom - AddedCDT Capital VNAVSeptember 2026
“In addition to pressure from other third-party semiconductor companies, we believe the most powerful competition will come from customers’ own semiconductor design operations. Microsoft has its Maia chipset, Amazon has Trainium, Google has Ironwood, OpenAI has Jalapeño, and Meta has MTIA. It is our new view that the AI industry will become more profitable over time as Nvidia’s grip fades. To be sure, Nvidia is unlikely to disappear, but its relative importance must decline for the rest of the industry to flourish. As part of our new framework for AI, we revisited Broadcom (AVGO), a company we passed on in June. We believe Broadcom currently plays, and will continue to play, a pivotal role in enabling AI industry profits by assisting hyperscalers and AI labs to shift more of their computing requirements away from Nvidia and toward their own internal chipsets. As a provider of semiconductor intellectual property and design consulting, Broadcom is already working with Google, Meta, OpenAI, and Anthropic toward this end. As a result of this auspicious positioning, Broadcom is now one of the largest positions in our portfolio.”
Broadcom - HoldsDistillate CapitalSeptember 2026
“It also involves the semi companies like NVIDIA and Broadcom which are similarly investing in their customers and providing debt guarantees to support purchases from the hyperscalers and neoclouds (smaller datacenter builders like Coreweave and Nebius).”
Broadcom - September 2026
“We initiated a position in semiconductor and infrastructure company, Broadcom, in July.”
Broadcom - September 2026
Listed in Jensen Quality Growth Equity Composite’s reported holdings.
Broadcom - September 2026
“ASML Holding N.V. Netherlands 0.9 Semiconductors & Semiconductor Equipment Broadcom Inc. United States 2.1 Semiconductors & Semiconductor Equipment”
Broadcom - September 2026
“Broadcom Inc.”
Broadcom - September 2026
“Shares of Broadcom Inc. (AVGO), which designs and sells custom AI accelerators, networking chips and infrastructure software, declined despite strong growth in its most recent quarterly report. Revenue climbed 48% while the company guided to more than 200% AI revenue growth in the quarter ended September. Yet, gross margins are being pressured by product mix, as the company’s custom AI accelerators encounter elevated memory chip component costs. We added to our position in AVGO on weakness during the quarter.”
Broadcom - TrimmedPolen Capital Global GrowthSeptember 2026
“Portfolio Activity In Q3 2026, we initiated new positions in Seagate Technology , Advanced Micro Devices , Quanta Services , and SK Hynix , while selling Oracle . We also added to our existing positions in Meta Platforms and Keyence , while trimming NVIDIA , Broadcom , Shopify , ServiceNow , Tencent , Aon , Adyen and Tokyo Electron .”
Broadcom - September 2026
“• Broadcom is a global semiconductor company with leading positions in networking products that help data centers, telecommunications providers, and large businesses transfer information quickly and reliably.”
Broadcom - September 2026
Listed in Harding Loevner Global Developed Markets Equity’s reported holdings.
Broadcom - September 2026
“Together, these holdings helped offset significant weakness in Applied Materials and Broadcom and the relative impact of the portfolio's smaller weight in Apple.”
Broadcom - September 2026
Listed in Royal London AM US Equity Fund (IRL)’s reported holdings.
Broadcom - September 2026
Listed in Royal London AM US Equity Trust’s reported holdings.
Broadcom - September 2026
Listed in Liontrust Global Technology Fund’s reported holdings.
Broadcom - September 2026
Listed in Liontrust GF Global Technology Fund’s reported holdings.
Broadcom - HoldsBuffalo Growth FundSeptember 2026
“TOP 10 HOLDINGS (%)* NVIDIA Corporation 12.12 Alphabet, Inc. 11.29 Apple, Inc. 8.33 Amazon.com, Inc. 6.13 Microsoft Corporation 6.09 Broadcom, Inc. 5.07 Meta Platforms, Inc. 4.10 Visa, Inc. 2.95 Eli Lilly & Co. 2.30 Micron Technology, Inc. 2.15”
Broadcom - September 2026
Listed in Buffalo funds Blue Chip Growth Fund’s reported holdings.
Broadcom - AddedFairtree Asset Management Global Equity FundSeptember 2026
“Notable portfolio activity during the quarter was focused on adding to high-conviction technology and AI positions, while broadening the portfolio outside technology. On the buy side, the largest addition was to SK Hynix, as the Fund rotated its memory exposure out of Micron Technology, alongside top-ups to Alphabet, Broadcom and Nvidia.”
Broadcom - HoldsSomma Investimentos Fund FamilySeptember 2026
“The Open Vista Tecnologia Global fund closed September with a positive return of 4.5% in reais, equivalent to a gain of 4.8% in dollars. The global technology sector surprised once again in the month and posted another gain, with the sector's global index up 4.3% in dollars in September, a performance below that of the fund, which holds investments that diverge from the composition of the sector index. The global technology sector exhibited a behavior of "opposite extremes," with artificial intelligence infrastructure assets concentrating at the top, while Asia-Pacific suffered a correction. The U.S. technology stock market, driven by semiconductor stocks and large technology companies, rose, with the Nasdaq 100 index accumulating a gain of approximately 3% in the month and renewing its all-time high on September 22. In contrast, China's Shenzhen growth companies index accumulated a decline of 8.8%, and Hong Kong's Hang Seng index fell 4.1%. This divergence is not due to the deterioration of the artificial intelligence narrative, but rather to a new round of "competition for profits" in global markets, in which assets linked to chips and computational infrastructure were repriced based on the certainty of profits, while assets that previously relied only on expectations were forced to adjust. From a market perspective, September witnessed a series of crucial events that reshaped the pricing pattern of the technology sector. On the mergers and acquisitions front, Advanced Micro Devices - AMD announced the acquisition of World Labs, an artificial intelligence startup founded by Fei-Fei Li, for 8.2 billion dollars, with the goal of positioning itself at the frontier of "physical artificial intelligence" and spatial intelligence. In the primary market, SpaceX reached orbit with the success of its Starship rocket, further strengthening the profit expectations of the space infrastructure chain. Nvidia approved a record share buyback plan worth 150 billion dollars, raising the remaining balance of authorized buybacks to 235 billion dollars, a move that directly drove the share price against the trend. JP Morgan believes that the ratio between the expected price-earnings multiple of the "seven technology giants" of the United States and that of the market average has already fallen to about one standard deviation below the historical median, reaching the lowest level in ten years, and the room for valuation compression is already extremely limited, with earnings growth about to become the main driving force behind share prices. Driven by this information, the Philadelphia semiconductor index rose more than 4% in a single day, and AMD's market value surpassed one trillion dollars. Among the fund's positions, in addition to Nvidia, Microsoft and Broadcom, which together represent 20.1% of the fund, companies such as Apple, TSMC, Samsung and Lam Research stand out, the latter with 18.2% of the fund. The ten largest positions represent 46.5% of the fund's net assets.”
Broadcom - August 2026
Listed in Guinness Asian Equity Income Fund’s reported holdings.
Broadcom - August 2026
“Top 10 Holdings Company Sector Geography Weight NVIDIA Corporation Information Technology US ).9% Microsoft Corporation Information Technology US 5.$% Alphabet Inc. Communication Services US 5.$% Amazon.com, Inc. Consumer Discretionary US 3.4% Broadcom Inc. Information Technology US 2.9% Apple Inc. Information Technology US 2.3%”
Broadcom - July 2026
Listed in Guinness Asian Equity Income Fund’s reported holdings.
Broadcom - July 2026
Listed in Guinness Global Equity Income Fund’s reported holdings.
Broadcom - July 2026
Listed in Bell Global Equities Fund Wholesale Class’s reported holdings.
Broadcom - July 2026
“the jump in our software and services holdings and by NVIDIA and Broadcom, which edged higher amid the sharp sell-off of semiconductor and hardware stocks.”
Broadcom - July 2026
“The portfolio’s outperformance in IT was boosted by the jump in our software and services holdings and by NVIDIA and Broadcom, which edged higher amid the sharp sell-off of semiconductor and hardware stocks.”
Broadcom - TrimmedMiddle Coast InvestingJune 2026
“We trimmed positions and/or booked gains in Taiwan Semiconductor, TD Synnex, Alphabet, Astronics, and Broadcom.”
Broadcom - June 2026
“During the quarter, we initiated new investments in ASML Holding (ASML) and we exited our position in Intuit (INTU). During the quarter-end rebalance of the Quality Premier strategy, we also exited Ametek (AME), added to our holdings in Broadcom (AVGO) and GE Vernova (GEV), and trimmed Alphabet (GOOG), Amazon (AMZN), Danaher (DHR), and Unilever (UL).”
Broadcom - June 2026
Listed in Harding Loevner Global Equity’s reported holdings.
Broadcom - June 2026
Listed in Royal London AM Royal London US Equity Trust’s reported holdings.
Broadcom - June 2026
Listed in Guinness Global Innovators Fund’s reported holdings.
Broadcom - June 2026
Listed in Guinness Global Equity Income Fund’s reported holdings.
Broadcom - June 2026
Listed in Guinness Asian Equity Income Fund’s reported holdings.
Broadcom - June 2026
“However, Broadcom is an example of where we do have conviction. It has become a critical provider of custom AI silicon.”
Broadcom - June 2026
“Information security provider CrowdStrike rebounded sharply, data warehouse platform Snowflake delivered strong relative performance and long-time holding Broadcom continued to contribute, underscoring the ongoing importance of cloud, cybersecurity and AI infrastructure exposure within the portfolio.”
Broadcom - June 2026
“In IT, we added Broadcom and Advanced Micro Devices to increase exposure to AI hardware without chasing the most extended areas of the trend.”
Broadcom - June 2026
Listed in Royal London AM Global Equity Diversified Fund’s reported holdings.
Broadcom - June 2026
“Broadcom added 64 bps, its 22.3% share price climb helped by the news OpenAI has selected the company to design its custom inference chip. Broadcom is the dominant designer of custom AI silicon: it has long co-designed Google's Tensor Processing Units, which power Gemini and some of Anthropic's inference capacity through Google Cloud. Few companies possess the engineering depth to develop bespoke accelerators at hyperscale. AI spending is shifting from training models to running them, where custom chips deliver materially better performance per watt and a lower cost per token than Nvidia's general- purpose GPUs. Under Hock Tan, one of the industry's ablest capital allocators, the company has assembled two further pillars that sit at the center of the AI build- out: • It dominates the Ethernet switching silicon that interconnects AI clusters — content that grows with cluster size, whether those clusters run on Nvidia GPUs or custom chips. • Through VMware, it supplies the virtualization layer enterprises need to run AI workloads alongside their legacy applications. We added to the position on the back of the OpenAI announcement, and as the stock consolidated off its highs.”
Broadcom - June 2026
“Portfolio Positioning We currently have about 9% of the portfolio in semiconductor-related stocks. We believe this gives us enough exposure to benefit from the wonderful growth that chip stocks enjoy without overly exposing the portfolio to a highly volatile sector currently trading at cyclical highs. During the quarter we initiated a meaningful position in Nvidia, after the company announced a 25-fold increase in its dividend, taking its yield from almost zero to 0.5%. We also increased our exposure to Taiwan Semiconductor, which, as the largest producer of computer chips in the world, should prosper regardless of whose chips are used for AI computing. We funded these purchases, in part, through pruning Broadcom and Texas Instruments, both of whose stocks soared during the quarter and were strong contributors.”
Broadcom - June 2026
“FUND MANAGEMENT TOP 10 HOLDINGS (%)* NVIDIA Corporation 12.66 Apple, Inc. 9.05 Microsoft Corporation 7.94 Alphabet, Inc. 6.34 Amazon.com, Inc. 5.16 Broadcom, Inc. 4.03 Meta Platforms, Inc. 3.23 Eli Lilly and Company 2.44 Mastercard, Inc. 1.64 Visa, Inc.”
Broadcom - June 2026
“Transactions during the quarter included the purchase of new positions in Lockheed Martin and NVIDIA. These trades, alongside some additions to energy and consumer-linked holdings, were funded through exiting our positions in Broadcom and Eli Lilly and by trimming a broad range of AI compute beneficiaries.”
Broadcom - June 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Broadcom - June 2026
“These themes are reflected in holdings such as TSMC, Broadcom, AMD, Lam Research, Corning and STMicroelectronics.”
Broadcom - June 2026
“Additionally, Apple signed a multi-year agreement with Broadcom spanning multiple product lines—encompassing not only conventional radio frequency components and next-generation wireless connectivity technologies, but also custom silicon across multiple generations of Apple products. As CEO Hock Tan has noted, custom silicon accelerators are on pace to match GPU units in volume by next year, and Broadcom, as the category leader, is well positioned to be the primary beneficiary of this transition. We maintain our conviction in Broadcom. The company is uniquely positioned to capture a dominant share of the custom silicon market and faces no credible terminal risk to its custom silicon franchise over the foreseeable future. We continue to hold the stock and believe Broadcom is on a path to becoming one of the largest technology companies in the world.”
Broadcom - June 2026
“The quarter still included several good outcomes as Alphabet , Monolithic Power Systems , NVIDIA , Broadcom , Amazon , and our largest addition during the first quarter, Lam Research , each added more than 100bps.”
Broadcom - June 2026
Listed in Buffalo Funds Growth Fund’s reported holdings.
Broadcom - June 2026
“Broadcom Inc. is a global designer and supplier of semiconductor and infrastructure software solutions at the core of modern computing and networking. The company is a leader in high- performance digital and mixed-signal technologies spanning networking, connectivity, storage, and custom silicon accelerators. Through its acquisition of VMware, Broadcom also owns critical software layers used to virtualize and manage large-scale compute Baron Opportunity Strategy 5 June 30, 2026 FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE PUBLIC.ALL CAP environments. Shares contributed to performance during the quarter as the company’s key customer, Alphabet (Google), signaled higher and more durable capital expenditures over the coming years than previously anticipated. Broadcom’s multi- year agreement with Google, extending through 2031, validates its entrenched position within the Google silicon ecosystem and establishes it as a primary beneficiary of Google’s AI-related infrastructure spending. Beyond Google, several other customers showed incrementally positive signs in their custom silicon adoption journeys. Anthropic, following its recent commercial success, is planning for significantly larger compute requirements, which should translate into a growing custom silicon base over the next several years. OpenAI, working with Broadcom, taped out its first inference chip—codenamed Jalapeno—in a record nine months, and appears set to build 10 gigawatts of AI infrastructure using custom silicon this decade. Meta continues to hold a constructive view on AI investment and the associated infrastructure buildout. Additionally, Apple signed a multi-year agreement with Broadcom spanning multiple product lines— encompassing not only conventional radio frequency components and next-generation wireless connectivity technologies, but also custom silicon across multiple generations of Apple products. As CEO Hock Tan has noted, custom silicon accelerators are on pace to match GPU units in volume by next year, and Broadcom, as the category leader, is well positioned to be the primary beneficiary of this transition. We maintain our conviction in Broadcom. We believe the company is uniquely positioned to capture a dominant share of the custom silicon market and faces no credible terminal risk to its custom silicon franchise over the foreseeable future. We continue to hold the stock and believe Broadcom is on a path to becoming one of the largest technology companies in the world.”
Broadcom - June 2026
“Portfolio Changes We initiated new positions in Equinix and Arista Networks and exited our positions in Aon and Intuit. Positions in Microsoft, Waste Management, Netflix, Ecolab, and Yum! Brands were added to on weakness while also adding to our positions in Alphabet, Apple, Nvidia, and ServiceNow given their strong long-term growth prospects. Positions in Arm Holdings, Amazon, Broadcom, and Grainger were trimmed on strength while we trimmed our position in CPKC given headline risk from USMCA negotiations.”
Broadcom - June 2026
“Broadcom Inc (AVGO), a leading semiconductor and infrastructure software company, was a top contributor during the quarter as investor confidence in AI infrastructure spending continued to improve.”
Broadcom - June 2026
Listed in Baron Durable Advantage Strategy’s reported holdings.
Broadcom - June 2026
“The second group comprises technology and AI beneficiaries and includes Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN), NVIDIA (NVDA), KLA Corporation (KLAC), and Broadcom (AVGO).”
Broadcom “The second group comprises technology and AI beneficiaries and includes Alphabet, Microsoft (MSFT), Amazon (AMZN), NVIDIA (NVDA), KLA Corp, and Broadcom (AVGO).”
Broadcom- June 2026
“Broadcom (+21%) will never triple in a quarter, and that is the point: from an 8.5% average weight, one of the Fund’s largest positions, it contributed +2.8 percentage points. The shares gave back 14% in June as the market rotated towards the equipment makers; the franchise, custom accelerators co-designed with the largest hyperscalers plus the Ethernet silicon that networks them, compounds through such noise; we added into the weakness.”
Broadcom - June 2026
Listed in Liontrust Global Dividend Fund’s reported holdings.
Broadcom - June 2026
“The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
Broadcom - June 2026
Listed in Liontrust GF Global Dividend Fund’s reported holdings.
Broadcom - June 2026
“We sold short-dated Broadcom bonds and sold bonds issued by UK bank Natwest, switching into better value Barclays bonds, in a relative value connoisseurs switch.”
Broadcom - New positionBaron Global Durable Advantage StrategyJune 2026
“We took advantage of the stock’s sell-off post earnings to initiate a new position in Broadcom Inc., which designs and supplies semiconductor and infrastructure software solutions that sit at the core of modern computing and networking.”
Broadcom - June 2026
“Trading activity Having bought dislocation in the first quarter, we spent the second selling strength. Five of the quarter’s ten largest contributors were exited outright: SK Hynix, SanDisk, Applied Materials, Credo and Ciena, the last having doubled over the half year. The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
Broadcom - June 2026
“STOCK STORY: ADVANCED MICRO DEVICES & ARM AREA OF INTEREST: High Performance Computing MARKET CAP: US$947 (AMD) US$379bn (Arm) AMD contributed 194bps to performance for the June quarter, and ARM contributed 165bps over the same period. Since the introduction of AI through large language models almost four years ago, much of the focus has been on ‘training’ these models to ensure they are both accurate and fast in augmenting con-sumer and business workflows. This has placed a heavy demand on GPUs from companies such as Nvidia, AMD and Broadcom to train these models.”
Broadcom - TrimmedPolen Capital Global GrowthJune 2026
“Portfolio Activity In Q2 2026, we initiated new positions in GE Aerospace, GE Vernova, Howmet Aerospace, Hermès International, Keyence, and Rheinmetall while selling our holdings in Boston Scientific, Siemens Healthineers, and Zoetis. During the period we also added to our positions in ASML and Idexx Labs and trimmed our positions in Starbucks, Oracle, Shopify, Aon and Broadcom.”
Broadcom - June 2026
“While we have been underweight in some of these companies, we have not ignored infrastructure. In April, we bought Broadcom.”
Broadcom - June 2026
“These purchases were funded through the reduction of our positions in Analog Devices, Broadcom and KB Financial, following strong performance.”
Broadcom - May 2026
Listed in HL Global Developed Markets Equity’s reported holdings.
Broadcom - April 2026
“We remain constructive on Broadcom’s ability to compound this AI infrastructure revenue growth over the medium term and continue to believe the valuation is attractive at current levels.”
Broadcom - April 2026
“This was largely funded through trimming some existing exposures such as mega cap technology stocks which have performed well, including Broadcom, Amazon and Alphabet.”
Broadcom - March 2026
“Despite the broad sell-off among large-cap growth stocks during the first quarter, three portfolio holdings demonstrated double-digit price appreciation – all within the semiconductor area. Consensus spend expectations for data center infrastructure continue to expand rapidly, particularly among the hyperscalers. During the first quarter of 2026, consensus estimates for 2026 and 2027 capital expenditures among Amazon (AMZN), Microsoft (MSFT), Meta (META), Alphabet (GOOGL) and Oracle(ORCL) cumulatively increased by 25% and 23% respectively, largely to support data center demand – inclusive of chips and related equipment. Taiwan Semiconductor Manufacturing Co (TSM), one of the world’s leading contract chip manufacturers and our largest active weight in the portfolio, saw both its 2026 and 2027 consensus EPS estimates climb by 15% during the first quarter driven by favorable management guidance and fundamental strength in its business. Marvell Technology (MRVL), which designs chips focused on data infrastructure including networking, data centers and custom silicon, also experienced meaningful positive revisions to 2026 and 2027 EPS consensus estimates on the back of management’s favorable outlook. In addition, at the end of the first quarter NVIDIA (NVDA) announced a $2 billion investment in the company, along with a strategic partnership focused on AI infrastructure, validating Marvell Technology’s role in next-gen AI data centers. Lastly, Monolithic Power Systems Inc (MPWR), which designs power management semiconductors that regulate and deliver electricity efficiently, experienced a roughly 5% increase in both 2026 and 2027 EPS consensus estimates during the first quarter, as a function of increasing visibility and backlog length. During the quarter, we took advantage of relative weakness in Broadcom Inc (AVGO) which we anticipate will be a major beneficiary of the anticipated data center infrastructure buildout over the coming years.”
Broadcom - March 2026
“We added to our holdings in Broadcom (AVGO), GE Aerospace (GE), Netflix (NFLX) and NVIDIA (NVDA) and trimmed Intuit (INTU), Linde (LIN) and Taiwan Semiconductor (TSM).”
Broadcom - HoldsBuffalo Growth FundMarch 2026
“FUND MANAGEMENT TOP 10 HOLDINGS (%)* NVIDIA Corporation 12.20 Alphabet, Inc. 11.82 Microsoft Corporation 11.22 Amazon.com, Inc. 8.79 Apple, Inc. 8.21 Meta Platforms, Inc. 5.46 Broadcom, Inc. 3.61 Visa, Inc.”
Broadcom - March 2026
Listed in Buffalo Blue Chip Growth Fund’s reported holdings.
Broadcom - March 2026
“ASML Holding N.V. Netherlands 0.9 Semiconductors & Semiconductor Equipment Broadcom Inc. United States 1.8 Semiconductors & Semiconductor Equipment”
Broadcom - New positionHardman Johnston Global EquityMarch 2026
“During the quarter, we initiated five new positions - Albemarle Corporation, Broadcom Inc., SLB Limited, TechnipFMC plc., and UCB S.A. We established a new position in ALB, a global leader in lithium with Tier 1, low-cost assets, in particular in the Chilean salar and Western Australia. We’ve known the company for some time and continue to believe that lithium remains one of the most structurally attractive commodities, given secular demand for battery technology. The Iran conflict will continue the secular theme of electrification and the diversification of energy sources away from Middle East oil. The beneficiaries include battery technology, both for EVs and utility-scale energy storage systems (ESS). Historically, supply has been slow to respond, and ongoing mining issues in China only add to supply constraints, reinforcing our expectation of a tighter market as demand increases. We initiated a position in Broadcom as one of the clearest beneficiaries of accelerating hyperscaler AI capex and custom compute deployment.”
Broadcom - TrimmedThe Davenport FundsMarch 2026
“We also trimmed investments in some technology holdings including Analog Devices, Inc. (ADI), Broadcom, Inc. (AVGO), and Meta Platforms, Inc. (META).”
Broadcom - March 2026
Listed in Alger Growth & Income Fund’s reported holdings.
Broadcom - March 2026
“We recycled capital from these transactions into Broadcom, reducing our underweight in a stock that we believe will benefit from AI data centre spending.”
Broadcom - HoldsAntero Peak StrategyMarch 2026
“Our portfolio navigated these dynamics in Q1. Among our top contributors were several newer positions, including Caterpillar, Applied Materials and Analog Devices, while AI-related semiconductors (NVIDIA and Broadcom) and Capital One Financial were notable detractors.”
Broadcom - March 2026
“Broadcom Broadcom delivered another strong quarter. While revenue and EPS both were only slightly above Street consensus, the real highlight was FY2027 guidance for AI revenues, which were well above expectations and have led to analysts upgrading their sales and profit estimates, some of them significantly. Additionally, at the latest analyst call management proactively and effectively countered investor concerns that have weighed on the stock such as margins risks, competition risks from hyperscalers building their own customer chips (ASICs) and software disintermediation. The combination of AI ASIC dominance, enterprise software durability (due to being right at the center of the IT infrastructure stack), and best-in-class margins reinforces our conviction in our investment case. Therefore, Broadcom remains a core holding to play the AI opportunity.”
Broadcom - December 2025
Listed in Royal London Global Equity Diversified Fund’s reported holdings.
Broadcom - December 2025
“Portfolio Changes: Purchases / Additions There were no purchases made in the portfolio during the quarter. Sales / Trims The positions in Exxon Mobil (XOM), Broadcom (AVGO), RTX Corp (RTX) and Johnson Controls (JCI) were reduced in the quarter.”
Broadcom - December 2025
“Broadcom is a key enabler of systems scalability and compute growth through ethernet networking and custom accelerators.”
Broadcom - December 2025
Listed in Royal London Global Equity Income Fund’s reported holdings.
Broadcom - TrimmedPlatinium Asset ManagementDecember 2025
“• We exited TE Connectivity and Amphenol and trimmed Broadcom, Nvidia, and Vertiv to fund these new positions.”
Broadcom - September 2025
“For the third quarter our top five contributors to performance (based upon price change and position size) were NVIDIA, Alphabet, Broadcom, Apple and GE Aerospace.”
Broadcom - September 2025
“IT led the way, especially semiconductor holdings Broadcom, Intel and Taiwan Semiconductor.”
Broadcom - September 2025
Listed in RiverPark Next Century Large Growth Fund’s reported holdings.
Broadcom - HoldsEpoch Global Equity Shareholder YieldJune 2025
“Broadcom is a designer and manufacturer of digital and analog semiconductors focused on connectivity. It also develops and maintains software for mainframe applications. Shares outperformed on a strong earnings report where they beat estimates and guided for next quarter to be above expectations. They reiterated their call for a substantial increase in their addressable market over the next several years, reassuring investors worried about a near term slowdown in AI demand growth. Broadcom returns cash to shareholders via an attractive dividend with a target of paying out 50% of free cash flow.”
Broadcom - June 2025
“Broadcom Broadcom contributed to performance in the second quarter, as the company reported strong quarterly results for its AI compute and networking business, as well as its VMware segment.”
Broadcom - HoldsRS Global StrategyJune 2025
“The portfolio’s relative performance was also negatively impacted by underweighting U.S.-based semiconductor supplier Broadcom Inc., which performed well within the benchmark.”
Broadcom - HoldsTitan Wealth Global Blue ChipJune 2025
“Technology was the standout sector, with our holdings returning ~24.5% versus ~14.9% for the index’s tech component. Our concentrated positions in Nvidia, Broadcom, AMD, and Oracle drove nearly half of the strategy’s overall return.”
Broadcom - ExitedMar Vista Global QualityJune 2025
“We sold our investments in Fanuc, Broadcom, and trimmed TransDigm.”
Broadcom - June 2025
Listed in RS Large Cap Growth Strategy’s reported holdings.
Broadcom - June 2025
“Broadcom Inc. also had an exceptional run of over 65% in the quarter on renewed AI optimism and continued broadening of its customer base for custom AI silicon (chips). Our slight underweight of the security was consequential given the company’s strong return.”
Broadcom - March 2025
“Semiconductors are a foundational technology for sustainable development. Almost every technology development in every sector is reliant on the development of better and better semiconductors, and many businesses ClearBridge owns and engages with are essential parts of that ecosystem: • Synopsys (which makes semiconductor design software) • Strategy holding ASML and Lam Research (which make tools that produce semiconductor chips) • Strategy holding Nvidia and Broadcom (which design semiconductor chips)”
Broadcom - March 2025
“The primary absolute detractors were Broadcom, Nvidia, Amazon.com, Apple and Tesla.”
Broadcom - New positionTouchstone Sands Capital Select Growth FundMarch 2025
“In the first quarter, the Fund completed the purchases of Broadcom Inc. (Information Technology sector), Taiwan Semiconductor Manufacturing Co. Ltd. (Information Technology sector), and Venture Global Inc. (Energy sector).”
Broadcom - HoldsNewBridge Large Cap Growth EquityDecember 2024
“Broadcom, Inc., ServiceNow, Inc., and Arista Networks, Inc. were the best Technology sector outperformers in the portfolio.”
Broadcom - December 2024
“Broadcom reported a strong fiscal year Q4 2024, exceeding expectations and reinforcing its leadership in custom AI accelerator solutions.”
Broadcom - HoldsAMG Renaissance Large Cap Growth FundDecember 2024
Listed in AMG Renaissance Large Cap Growth Fund’s reported holdings.
Broadcom - HoldsAMG Renaissance Large Cap Growth FundDecember 2024
“Broadcom (AVGO) was another large contributor in the quarter after reporting solid operating results.”
Broadcom
Also mentioned · 26
These funds discuss Broadcom as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedGoodhart Partners European FundSeptember 2026
“AI Big 10 = Magnificent 7 plus Broadcom, AMD and Micron.”
Broadcom - MentionedVltava FundSeptember 2026
“Every dollar that Microsoft, for example, pays for a GPU, networking equipment, or data center construction becomes someone else’s revenue. For companies such as NVIDIA, Broadcom, TSMC, SK Hynix, Micron, Samsung, Arista, Vertiv, or construction and energy firms, their customers’ investments today translate into revenue today and, under current conditions, often very high profits.”
Broadcom - MentionedAntipodes Global Fund LongSeptember 2026
“Today’s cluster is the “AI Big 10”: the Magnificent Seven plus Broadcom, AMD and Micron.”
Broadcom - September 2026
“The stock has appreciated significantly and continues to trade at a substantial premium to peers such as Broadcom and NVIDIA.”
Broadcom - MentionedLongriver Partners FundJuly 2026
“At the same time that the AI complex has become more competitive, it has also become narrower and more interdependent. Much of the incremental demand is concentrated in two model companies and a small group of hyperscalers and neo-clouds scrambling to expand capacity. They are buying accelerators and custom silicon from Nvidia, AMD, Broadcom and others.”
Broadcom - MentionedDistillate CapitalJune 2026
“NVIDIA and Broadcom relinquished their leadership while the “picks and shovels” stocks surged.”
Broadcom - June 2026
“Earlier this year Bank of America notes that the “AI Big Ten” – the Magnificent Seven plus Broadcom, AMD, and Micron – represented roughly 40% of the total U.S. market capitalization.”
Broadcom - June 2026
“In the second half of 2026, we will continue to recalibrate our portfolio exposures and evaluate the best ways to represent AI. One way to do this is by assessing the AI lifecycle: the first beneficiary in 2024 was GPU leader Nvidia; 2025 saw Broadcom take market share in custom silicon for AI applications; in 2026 leadership has shifted to AI infrastructure — the picks and shovels providers of memory and various needs for data centers.”
Broadcom - MentionedHosking PartnersJune 2026
“We are experiencing one of the biggest momentum markets in the modern history of equities. AI spending beneficiaries have produced 85% of the market's return this year. Based on analysts' expectations, they will generate nearly half the S&P 500's earnings growth this year, and four stocks - Nvidia, Micron, Broadcom, and Sandisk - will account for 40 percentage points of that.”
Broadcom - June 2026
“More recent demand signals from customers - including Nvidia, Broadcom, and even Micron - indicate AI-related growth of over 50% per annum through 2029.”
Broadcom - June 2026
“Our fourth-largest position is Taiwan Semiconductor, which is up nearly 100% since we bought it last summer. TSMC is the primary supplier of leading-edge computer chips for nearly every major technology company, from Nvidia to Broadcom to Apple. Its growth is also accelerating, with June revenue up 68% from a year earlier.”
Broadcom - MentionedHosking Partners StrategyJune 2026
“We are experiencing one of the biggest momentum markets in the modern history of equities. AI spending beneficiaries have produced 85% of the market’s return this year. Based on analysts’ expectations, they will generate nearly half the S&P 500’s earnings growth this year, and four stocks – Nvidia, Micron, Broadcom, and Sandisk – will account for 40 percentage points of that. (1) In this environment, the strategy underperformed”
Broadcom - June 2026
“We are seeing all three leading AI cloud providers, of which we are invested in Google and Microsoft, developing internal custom ASIC semiconductors, primarily to lower the cost of inference. OpenAI has also been developing a custom semiconductor with Broadcom, and there are rumours that Anthropic is exploring designing its own ASICs.”
Broadcom - MentionedBlue Whale Growth FundJune 2026
“Company: Broadcom Sector: Technology Company Size: $1,797bn Highly selective and disciplined acquirer and operator of key technology franchises in semiconductors and software Broadcom’s portfolio spans 26 category-leading semiconductor and infrastructure software franchises, each run highly autonomously.”
Broadcom - MentionedVision Capital FundJune 2026
“Prefer not to own “profit-maxxing” businesses. One “profit-maxxing” business that comes to mind is Broadcom (AVGO) with its AI compute and networking growth runway, supported by accelerating inference demand, expanding strategic customer engagements, and its strong technology leadership across ASIC design, SerDes, packaging, and Ethernet switching.”
Broadcom - June 2026
“In fact, 70% of the Russell 1000® Growth Index return from 2023-2025 came from just eight companies – the Magnificent Seven1 and Broadcom Inc (AVGO).”
Broadcom - MentionedBaron Fifth Avenue Growth FundJune 2026
“The current price of NVIDIA’s stock implies a terminal growth rate of 3% (GDP or less?), assuming weighted average cost of capital of 10%, starting next year. In other words, from 100%-plus growth this year, to 3% growth next year. We believe there is a disconnect between the valuation of NVIDIA, and for that matter, Broadcom and those of the AI bottleneck companies.”
Broadcom - June 2026
“One question we have been concerned about for Nvidia is potential share loss within AI inference, given Nvidia already dominates AI training. We are seeing all three leading AI cloud providers, of which we are invested in Google and Microsoft, developing internal custom ASIC semiconductors, primarily to lower the cost of inference. OpenAI has also been developing a custom semiconductor with Broadcom, and there are rumours that Anthropic is exploring designing its own ASICs.”
Broadcom - June 2026
“Advanced chip manufacturing has become one of the most strategically vital links in the global economy, and that importance only deepens as AI infrastructure spending accelerates. TSMC sits at the center of that buildout, fabricating the most advanced silicon for the world's leading designers (i.e. Nvidia, Apple, AMD, and Broadcom among them) at a scale and yield no competitor can match.”
Broadcom - June 2026
“Broadcom missed on earnings and the new Fed Governor sounded hawkish after a particularly strong US jobs report.”
Broadcom - MentionedMunro Global Growth FundJune 2026
“Since the introduction of AI through large language models almost four years ago, much of the focus has been on ‘training’ these models to ensure they are both accurate and fast in augmenting consumer and business workflows. This has placed a heavy demand on GPUs from companies such as Nvidia, AMD and Broadcom to train these models.”
Broadcom - MentionedDistillate Capital Multi-StrategyJune 2026
“The key driver of momentum’s recent surge was the performance of semiconductor and tech equipment stocks that are benefitting from the enormous spending of the hyperscalers. NVIDIA and Broadcom relinquished their leadership while the “picks and shovels” stocks surged.”
Broadcom - MentionedWhite Brook CapitalMarch 2026
“On one hand Nvidia has a dominant technology with leads in hardware that’s locked by advantaged software that ensures that it’s multiple years ahead of the competition; on the other, all of the top cloud compute providers have also contracted with the likes of AMD, Broadcom, Intel, and Marvell Technology to provide alternative chipsets.”
Broadcom - MentionedThe Ithaka GroupDecember 2025
“3 COMMENTARY | 4TH QUARTER 2025 Transactions During the quarter we initiated three new positions, Howmet (HWM), Broadcom (AVGO), and Credo (CRDO) and eliminated four positions, Blackstone (BX), e.l.f. Beauty (ELF), Marvell (MRVL), and The Trade Desk (TTD).”
Broadcom - MentionedAntipodes Global Value Active ETFSeptember 2025
“• Not holding Apple, NVIDIA, Tesla and Broadcom detracted on a relative basis over the Quarter.”
Broadcom - June 2025
“the strategy’s underweight to NVIDIA (NVDA) and not owning Broadcom (AVGO) were the two largest detractors during the period.”
Broadcom
Fund coverage · 25 theses
- CDT Capital VNAVSeptember 2026
Broadcom provides semiconductor IP and design consulting that helps hyperscalers and AI labs move away from Nvidia toward internal chipsets.
Read the full thesis - Brown Advisory Large-Cap Sustainable Growth StrategySeptember 2026
Broadcom designs custom AI accelerators, networking chips, and infrastructure software, and the managers added on weakness despite strong growth.
Read the full thesis - Buffalo Growth FundSeptember 2026
Broadcom, a custom ASIC chip design house, offers favorable risk/reward with potential FY28 EPS of $40 versus a $30 base case, backed by good management.
Read the full thesis - BCV Asset Management Antares Total Return StrategiesSeptember 2026
Broadcom is a diversified semiconductor and infrastructure software leader benefiting from AI demand, with strong growth expectations and an attractive risk-reward profile.
Read the full thesis - Baron Global Durable Advantage ETFJune 2026
Broadcom supplies semiconductor and infrastructure software, with a strong AI custom-silicon moat and major hyperscaler relationships.
Read the full thesis - Blue Whale Growth FundJune 2026
Broadcom combines category-leading semiconductor franchises, custom silicon capabilities, and a margin-accretive software model.
Read the full thesis - Baron Opportunity FundJune 2026
Broadcom Inc. is positioned to benefit from AI-related custom silicon demand, anchored by deep customer relationships and a leading market position.
Read the full thesis - Emerald Focused Equity StrategyJune 2026
Broadcom is a leading designer of custom AI silicon and networking, with strong positioning in inference chips and AI infrastructure.
Read the full thesis - Baillie Gifford US Equity GrowthJune 2026
Broadcom has become a critical custom AI silicon provider with deep hyperscaler relationships and a management team that has positioned the company to benefit from the AI buildout.
Read the full thesis - Vision Capital FundJune 2026
Broadcom is a leading AI and networking semiconductor company whose growth runway is driven by custom ASICs, XPU demand, and strong technological leadership.
Read the full thesis - Hardman Johnston Global EquityMarch 2026
Broadcom Inc. is a key beneficiary of hyperscaler AI capex, with strong AI visibility, networking leadership, and valuation upside.
Read the full thesis - Emerald Growth Equity StrategyMarch 2026
Broadcom is an AI and infrastructure leader with dominant ASIC exposure, durable software, and best-in-class margins.
Read the full thesis - Baron Fifth Avenue Growth FundDecember 2025
Broadcom is a leading semiconductor and infrastructure software provider uniquely positioned to co-design custom AI accelerators and networking at scale with accelerating AI revenue and strong margins.
Read the full thesis - Sands Capital Technology InnovatorsDecember 2025
Broadcom is a critical AI infrastructure supplier with leadership in ethernet networking and custom accelerators benefiting from scaling compute demands.
Read the full thesis - Clearbridge Dividend StrategyDecember 2025
Broadcom Inc. leverages its leadership in custom AI ASICs to win diversified demand with rising margins and lower capital needs, offering a comparatively lower-risk AI exposure.
Read the full thesis - Jensen Quality Growth Equity CompositeDecember 2025
Broadcom is a key AI infrastructure supplier with custom accelerators and Ethernet networking, improving business quality and long-duration compounding potential.
Read the full thesis - Baron Durable Advantage FundDecember 2025
Broadcom is a leading AI networking and custom silicon partner with accelerating AI revenues, strong backlog, and high-margin growth supported by VMware integration.
Read the full thesis - Emerald Focused Equity StrategyDecember 2025
Broadcom is a dominant custom-ASIC and networking leader benefiting from AI inference economics, proven TPU experience, and VMware leverage amid accelerating data center build-outs.
Read the full thesis - Brasada CapitalSeptember 2025
Broadcom is positioned to be a leading player in AI and networking, benefiting from its custom AI chips, dominant software solutions, and strong market execution under CEO Hock Tan.
Read the full thesis - Antero Peak StrategyJune 2025
Broadcom is poised for significant AI-driven growth through its high-performance Tomahawk 6 switches and expanding ASIC customer base—including major hyperscalers like Google and Meta—positioning it to capture a multibillion-dollar opportunity in AI infrastructure with 40% revenue CAGR projected through 2029.
Read the full thesis Broadcom is well-positioned for growth due to its unique AI and networking platform, strong capital allocation history, and a favorable market outlook amidst recent valuation corrections.
Read the full thesis- Touchstone Sands Capital Select Growth FundMarch 2025
Broadcom is a crucial enabler of scalable computing growth through advanced Ethernet networking and custom chip design services, poised to benefit from rising AI demands and increased computing power.
Read the full thesis - Bell Global Equities FundDecember 2024
Broadcom is a leading semiconductor and software company with strong growth potential, driven by its strategic acquisitions and key role in the AI market.
Read the full thesis - Alger Growth & Income FundDecember 2024
Broadcom’s AI-driven networking and semiconductor solutions position it for strong growth in cloud and enterprise infrastructure.
Read the full thesis - Munro Global Growth FundDecember 2024
Broadcom is set to capitalize on the AI boom, with its custom silicon chips securing a dominant share of a rapidly growing market—potentially doubling AI revenues within three years.
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