AVGO
Another fund can’t get enough of AVGO
Brookwood Investment Group lifted its Broadcom position by 20.9% in the fourth quarter, ending with 61,684 shares worth about $21.35 million. For Brookwood, that’s not a cute little side quest — it’s roughly 2.6% of the portfolio and the stock’s fifth-largest holding.
The big-money crowd is still crowding the table
Brookwood isn’t alone here. The article says several other institutional players — including Arrowstreet, Nordea, MFS, and Mercer — also boosted their Broadcom exposure. With institutional ownership sitting around 76.43%, AVGO is basically living in the big-money penthouse.
But the insiders are doing the opposite
Here’s the awkward twist: while funds have been buying, insiders have been selling. The article says Broadcom insiders unloaded 324,282 shares worth about $106.4 million over the last 90 days, including a recent sale by S. Ram Velaga.
That doesn’t automatically mean trouble — insiders sell for a million reasons, from taxes to portfolio planning — but it can make you wonder whether the stock’s AI glow is running hotter in public than in private.
The backdrop: Broadcom is still flexing
Broadcom also just posted a strong quarter, with EPS of $2.05 on revenue of $19.31 billion, up 29.5% year over year, and paid a $0.65 quarterly dividend. So if you’re trying to read the tea leaves, the message is pretty simple: the pros still like the story, but not everyone at the company is hanging around for the encore.
Big picture: Broadcom remains one of those names where Wall Street keeps cheering, institutions keep buying, and insiders keep making for the door — which is either perfectly normal, or the setup for your next “wait, what happened?” stock chart.