Sumitomo Life Insurance Reduces Broadcom Stake

Institutional investor cuts position in semiconductor manufacturer by 3.8%

Feb. 26, 2026 at 12:34pm

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Sumitomo Life Insurance Co. decreased its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.8% in the third quarter, according to a regulatory filing. The institutional investor now owns 130,517 shares of the semiconductor manufacturer's stock, which makes up approximately 1.3% of its portfolio.

Why it matters

Broadcom is a major semiconductor company that produces a wide range of components and software solutions for various industries. Changes in institutional ownership of its stock can provide insights into market sentiment and potential shifts in the company's performance.

The details

Sumitomo Life Insurance sold 5,221 shares of Broadcom in the third quarter, reducing its total position to 130,517 shares. The stock made up around 1.3% of the institutional investor's portfolio at the time. Several other hedge funds also adjusted their Broadcom holdings during the quarter, with some adding to their positions and others reducing exposure.

  • Sumitomo Life Insurance's regulatory filing was made in the third quarter of the year.

The players

Sumitomo Life Insurance Co.

A Japanese life insurance company that owns shares in various public companies, including Broadcom.

Broadcom Inc.

A global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets.

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The takeaway

The reduction in Sumitomo Life Insurance's Broadcom stake is a relatively small change in the overall ownership structure of the semiconductor company. However, it could signal a shift in market sentiment or portfolio rebalancing by the institutional investor.