BROADCOM INC AVGO
COM · Common Stock · CUSIP 11135F101 · ISIN US11135F1012
American semiconductor company
- SectorTechnology
- IndustrySemiconductors & Related Devices
- HeadquartersPalo Alto, CA
- Founded1961
- Websitebroadcom.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.0bn this quarter). Holder counts are more reliable. Shares outstanding: 4.7bn as of 2025-11-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $346.02. Options: 133 managers hold calls ($24.7bn notional), 127 hold puts ($35.0bn).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,008 |
| Q4 2022 | 2,139 |
| Q1 2023 | 2,201 |
| Q2 2023 | 2,384 |
| Q3 2023 | 2,458 |
| Q4 2023 | 2,870 |
| Q1 2024 | 3,060 |
| Q2 2024 | 3,269 |
| Q3 2024 | 3,408 |
| Q4 2024 | 3,909 |
| Q1 2025 | 3,816 |
| Q2 2025 | 4,084 |
| Q3 2025 | 4,289 |
| Q4 2025 | 4,716 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 1,445 | 1,359 |
| Q2 2024 | 1,754 | 1,267 |
| Q3 2024 | 1,793 | 1,455 |
| Q4 2024 | 1,810 | 1,561 |
| Q1 2025 | 1,967 | 1,815 |
| Q2 2025 | 2,256 | 1,661 |
| Q3 2025 | 2,064 | 1,905 |
| Q4 2025 | 2,143 | 1,969 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $14.1bn | $16.6bn | 1.18 |
| Q2 2025 | $23.0bn | $24.9bn | 1.08 |
| Q3 2025 | $28.2bn | $31.9bn | 1.13 |
| Q4 2025 | $24.7bn | $35.0bn | 1.42 |
Biggest buyers
| Invesco Ltd. | Added | +33.9m |
| HSBC HOLDINGS PLC | Added | +12.5m |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Added | +7.1m |
| Corient Private Wealth LP | Added | +6.5m |
| T. Rowe Price Investment Management, Inc. | Added | +6.2m |
| STATE STREET CORP | Added | +5.0m |
| VANGUARD GROUP INC | Added | +3.9m |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +3.2m |
| BANK OF NOVA SCOTIA | Added | +3.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +3.0m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -94.1m |
| Capital World Investors | Reduced | -12.3m |
| Capital International Investors | Reduced | -4.6m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.2m |
| Ninety One UK Ltd | Reduced | -3.9m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -3.9m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.4m |
| D. E. Shaw & Co., Inc. | Reduced | -2.8m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -2.4m |
| MACQUARIE GROUP LTD | Reduced | -2.4m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.7bn13.7m shares |
| CITADEL ADVISORS LLC | Added | $4.3bn12.4m shares |
| JANE STREET GROUP, LLC | Added | $2.8bn8.0m shares |
| IMC-Chicago, LLC | Reduced | $2.2bn6.4m shares |
| CTC LLC | Added | $1.0bn29.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $900.1m2.6m shares |
| JPMORGAN CHASE & CO | Reduced | $622.0m1.8m shares |
| PEAK6 LLC | Added | $615.4m1.8m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $604.0m1.7m shares |
| Optiver Holding B.V. | Reduced | $548.3m1.6m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $6.0bn17.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.0bn14.4m shares |
| CITADEL ADVISORS LLC | Added | $3.4bn9.9m shares |
| IMC-Chicago, LLC | Added | $2.8bn8.2m shares |
| SIMPLEX TRADING, LLC | Added | $1.3bn3.7m shares |
| Optiver Holding B.V. | Added | $1.3bn3.6m shares |
| CITIGROUP INC | Reduced | $1.1bn3.2m shares |
| CTC LLC | Added | $1.1bn31.7k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.0bn3.0m shares |
| PEAK6 LLC | Added | $994.8m2.9m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 5 | $32.8m | — |
| Q2 2024 | 0 | — | 5 | $19.1m | — |
| Q3 2024 | 0 | — | 3 | $51.3m | — |
| Q4 2024 | 0 | — | 6 | $45.5m | $3.4m |
| Q1 2025 | 0 | — | 5 | $147.9m | $120.6m |
| Q2 2025 | 0 | — | 7 | $234.5m | $126.3m |
| Q3 2025 | 1 | $1.2m | 6 | $225.5m | $125.4m |
| Q4 2025 | 1 | $325.1k | 6 | $249.6m | $129.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-31 | Spears Kirsten M. CFO & Chief Accounting Officer | Sold | $10.4m30.0k shares |
| 2025-12-26 | Brazeal Mark David Chief Legal & Corp Affairs Ofc | Sold | $9.1m25.9k shares |
| 2025-12-23 | TAN HOCK E President and CEO, director · By Trust | Sold | $34.6m100.0k shares |
| 2025-12-18 | TAN HOCK E President and CEO, director · By Trust | Sold | $42.4m130.0k shares |
| 2025-12-18 | You Harry L. Director | Bought | $325.1k1.0k shares |
| 2025-12-17 | Brazeal Mark David Chief Legal & Corp Affairs Ofc | Sold | $12.5m38.3k shares |
| 2025-12-17 | Spears Kirsten M. CFO & Chief Accounting Officer | Sold | $1.2m3.7k shares |
| 2025-12-17 | Kawwas Charlie B President, Semi Solutions Grp | Sold | $632.0k1.9k shares |
| 2025-12-16 | Brazeal Mark David Chief Legal & Corp Affairs Ofc | Sold | $8.4m24.5k shares |
| 2025-12-16 | Spears Kirsten M. CFO & Chief Accounting Officer | Sold | $811.0k2.4k shares |
| 2025-12-16 | Kawwas Charlie B President, Semi Solutions Grp | Sold | $421.1k1.2k shares |
| 2025-12-15 | PAGE JUSTINE Director | Sold plan | $289.5k800 shares |
| 2025-12-08 | SAMUELI HENRY Director · See Footnote | Sold plan | $128.3m320.3k shares |
| 2025-11-14 | PAGE JUSTINE Director | Sold plan | $264.9k800 shares |
| 2025-10-14 | PAGE JUSTINE Director | Sold plan | $280.1k800 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 2.42% of their portfolio | 482.7m $167.1bn | Added +3.9m |
| BlackRock, Inc. 2.23% of their portfolio | 379.9m $131.5bn | Added +2.0m |
| STATE STREET CORP 2.21% of their portfolio | 190.1m $65.8bn | Added +5.0m |
| Capital International Investors 7.70% of their portfolio | 141.9m $49.1bn | Reduced -4.6m |
| Capital World Investors 5.80% of their portfolio | 123.3m $42.7bn | Reduced -12.3m |
| FMR LLC 2.17% of their portfolio | 123.2m $42.6bn | Added +2.4m |
| GEODE CAPITAL MANAGEMENT, LLC 2.37% of their portfolio | 111.3m $38.4bn | Added +1.5m |
| JPMORGAN CHASE & CO 2.18% of their portfolio | 93.8m $32.4bn | Reduced -94.1m |
| Capital Research Global Investors 5.52% of their portfolio | 86.4m $29.9bn | Reduced -1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 3.19% of their portfolio | 85.5m $29.6bn | Added +2.5m |
| Invesco Ltd. 2.39% of their portfolio | 73.1m $25.3bn | Added +33.9m |
| MORGAN STANLEY 1.51% of their portfolio | 73.0m $25.3bn | Reduced -43.8k |
| NORGES BANK 2.59% of their portfolio | 70.1m $24.3bn | Not comparable |
| BANK OF AMERICA CORP /DE/ 1.46% of their portfolio | 57.8m $20.0bn | Reduced -4.2m |
| NORTHERN TRUST CORP 2.11% of their portfolio | 47.7m $16.5bn | Reduced -924.4k |
| WELLINGTON MANAGEMENT GROUP LLP 2.87% of their portfolio | 47.4m $16.4bn | Added +766.6k |
| Nuveen, LLC 3.33% of their portfolio | 36.7m $12.7bn | Reduced -20.8k |
| Legal & General Group Plc 2.57% of their portfolio | 33.5m $11.6bn | Added +14.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 2.44% of their portfolio | 33.4m $11.6bn | Reduced -2.3m |
| GOLDMAN SACHS GROUP INC 1.64% of their portfolio | 33.4m $11.6bn | Reduced -3.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.76% of their portfolio | 32.7m $11.3bn | Reduced -2.4m |
| Bank of New York Mellon Corp 1.83% of their portfolio | 30.0m $10.4bn | Added +902.3k |
| FRANKLIN RESOURCES INC 2.46% of their portfolio | 28.9m $10.0bn | Reduced -567.5k |
| ALLIANCEBERNSTEIN L.P. 2.76% of their portfolio | 25.3m $8.7bn | Reduced -3.9m |
| AMERIPRISE FINANCIAL INC 1.95% of their portfolio | 24.9m $8.6bn | Reduced -345.1k |
| HSBC HOLDINGS PLC 2.41% of their portfolio | 24.4m $8.5bn | Added +12.5m |
| ROYAL BANK OF CANADA 1.48% of their portfolio | 24.3m $8.4bn | Added +2.1m |
| WELLS FARGO & COMPANY/MN 1.62% of their portfolio | 23.9m $8.3bn | Reduced -684.2k |
| Amundi 2.24% of their portfolio | 23.8m $8.2bn | Added +1.6m |
| UBS Group AG 1.63% of their portfolio | 23.8m $8.2bn | Added +206.5k |
| JENNISON ASSOCIATES LLC 4.55% of their portfolio | 21.9m $7.6bn | Reduced -375.4k |
| JANUS HENDERSON GROUP PLC 3.12% of their portfolio | 20.2m $7.0bn | Reduced -697.2k |
| BARCLAYS PLC 2.43% of their portfolio | 17.5m $6.0bn | Reduced -2.4m |
| RAYMOND JAMES FINANCIAL INC 1.74% of their portfolio | 16.1m $5.6bn | Reduced -223.3k |
| Fisher Asset Management, LLC 1.64% of their portfolio | 13.8m $4.8bn | Added +1.2m |
| DEUTSCHE BANK AG\ 1.56% of their portfolio | 13.8m $4.8bn | Reduced -1.6m |
| California Public Employees Retirement System 2.69% of their portfolio | 13.6m $4.7bn | Added +2.0m |
| Swiss National Bank 2.53% of their portfolio | 12.3m $4.3bn | Reduced -586.6k |
| Swedbank AB 4.09% of their portfolio | 12.2m $4.2bn | Reduced -532.2k |
| VAN ECK ASSOCIATES CORP 3.36% of their portfolio | 11.7m $4.1bn | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.84% of their portfolio | 11.6m $4.0bn | Added +240.7k |
| Sumitomo Mitsui Trust Group, Inc. 2.35% of their portfolio | 11.6m $4.0bn | Reduced -522.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 2.66% of their portfolio | 11.5m $4.0bn | Added +1.6m |
| BANK OF MONTREAL /CAN/ 1.58% of their portfolio | 11.2m $3.9bn | Reduced -514.7k |
| SG Americas Securities, LLC 4.99% of their portfolio | 10.9m $3.8bn | Added +189.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 2.77% of their portfolio | 10.5m $3.6bn | Added +567.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 2.42% of their portfolio | 10.3m $3.6bn | Added +463.4k |
| Corient Private Wealth LP 1.77% of their portfolio | 10.1m $2.6bn | Added +6.5m |
| Clearbridge Investments, LLC 2.73% of their portfolio | 9.8m $3.4bn | Reduced -676.5k |
| NORDEA INVESTMENT MANAGEMENT AB 2.93% of their portfolio | 9.8m $3.4bn | Added +3.2m |
| T. Rowe Price Investment Management, Inc. 1.29% of their portfolio | 9.4m $3.3bn | Added +6.2m |
| AMERICAN CENTURY COMPANIES INC 1.63% of their portfolio | 9.4m $3.2bn | Added +832.7k |
| VOYA INVESTMENT MANAGEMENT LLC 3.14% of their portfolio | 9.2m $3.2bn | Reduced -123.2k |
| National Pension Service 2.34% of their portfolio | 9.1m $3.2bn | Added +257.0k |
| CITIGROUP INC 2.10% of their portfolio | 8.9m $3.1bn | Reduced -1.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 2.65% of their portfolio | 8.7m $3.0bn | Added +2.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.74% of their portfolio | 8.6m $3.0bn | Added +3.0m |
| PRINCIPAL FINANCIAL GROUP INC 1.49% of their portfolio | 8.4m $2.9bn | Reduced -186.8k |
| RHUMBLINE ADVISERS 2.28% of their portfolio | 8.2m $2.8bn | Reduced -255.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 3.77% of their portfolio | 8.1m $2.8bn | Added +7.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.90% of their portfolio | 8.1m $2.8bn | Reduced -452.4k |
| NATIONAL BANK OF CANADA /FI/ 2.63% of their portfolio | 7.4m $2.6bn | Added +304.3k |
| TD Asset Management Inc 1.97% of their portfolio | 7.1m $2.4bn | Reduced -356.4k |
| BNP PARIBAS FINANCIAL MARKETS 1.54% of their portfolio | 7.0m $2.4bn | Added +1.1m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 2.41% of their portfolio | 7.0m $2.4bn | Reduced -86.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.66% of their portfolio | 6.4m $2.2bn | Reduced -339.1k |
| LPL Financial LLC 0.60% of their portfolio | 6.3m $2.2bn | Added +271.3k |
| Pictet Asset Management Holding SA 2.12% of their portfolio | 6.3m $2.2bn | Added +943.5k |
| BANK OF NOVA SCOTIA 3.07% of their portfolio | 6.0m $2.1bn | Added +3.1m |
| VICTORY CAPITAL MANAGEMENT INC 1.10% of their portfolio | 5.7m $2.0bn | Reduced -430.7k |
| COATUE MANAGEMENT LLC 4.77% of their portfolio | 5.5m $1.9bn | Reduced -257.3k |
| NOMURA ASSET MANAGEMENT CO LTD 4.75% of their portfolio | 5.4m $1.9bn | Added +34.3k |
| BESSEMER GROUP INC 2.85% of their portfolio | 5.4m $1.9bn | Reduced -158.4k |
| APG Asset Management N.V. 4.38% of their portfolio | 5.2m $1.5bn | Reduced -282.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 2.38% of their portfolio | 5.2m $1.8bn | Reduced -195.4k |
| FIRST TRUST ADVISORS LP 1.20% of their portfolio | 4.8m $1.6bn | Reduced -558.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 1.87% of their portfolio | 4.7m $1.6bn | Added +2.3m |
| PNC Financial Services Group, Inc. 0.89% of their portfolio | 4.7m $1.6bn | Reduced -111.5k |
| AVIVA PLC 2.71% of their portfolio | 4.6m $1.6bn | Added +142.3k |
| STIFEL FINANCIAL CORP 1.44% of their portfolio | 4.6m $1.6bn | Reduced -108.7k |
| Cantillon Capital Management LLC 8.62% of their portfolio | 4.6m $1.6bn | Reduced -95.4k |
| AQR CAPITAL MANAGEMENT LLC 0.81% of their portfolio | 4.5m $1.6bn | Added +195.3k |
| Winslow Capital Management, LLC 5.17% of their portfolio | 4.5m $1.5bn | Added +61.0k |
| MILLENNIUM MANAGEMENT LLC 1.11% of their portfolio | 4.4m $1.5bn | Added +2.6m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.25% of their portfolio | 4.4m $1.5bn | Reduced -73.6k |
| PRUDENTIAL FINANCIAL INC 1.82% of their portfolio | 4.4m $1.5bn | Reduced -722.2k |
| Russell Investments Group, Ltd. 1.63% of their portfolio | 4.3m $1.5bn | Added +458.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 2.05% of their portfolio | 4.3m $1.5bn | Added +164.6k |
| Aberdeen Group plc 2.28% of their portfolio | 4.3m $1.5bn | Reduced -32.5k |
| NEUBERGER BERMAN GROUP LLC 1.09% of their portfolio | 4.2m $1.5bn | Added +317.1k |
| Ensign Peak Advisors, Inc 2.59% of their portfolio | 4.2m $1.5bn | Reduced -82.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 2.21% of their portfolio | 4.2m $1.5bn | Added +17.3k |
| ProShare Advisors LLC 2.58% of their portfolio | 4.2m $1.5bn | Reduced -529.5k |
| JANE STREET GROUP, LLC 1.73% of their portfolio | 4.2m $1.5bn | Added +1.9m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 2.41% of their portfolio | 4.1m $1.4bn | Reduced -543.0k |
| SEI INVESTMENTS CO 1.41% of their portfolio | 4.1m $1.4bn | Added +675.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 2.51% of their portfolio | 4.1m $1.4bn | Reduced -118.9k |
| EDGEWOOD MANAGEMENT LLC 6.55% of their portfolio | 4.0m $1.4bn | Reduced -1.1m |
| KBC Group NV 3.11% of their portfolio | 3.9m $1.4bn | Reduced -128.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 2.21% of their portfolio | 3.9m $1.4bn | Added +182.7k |