Fisher Asset Management Boosts Broadcom Stake by 1.9%

Firm now owns over 12.6 million shares of semiconductor giant

Mar. 2, 2026 at 4:47pm

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Fisher Asset Management LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.9% in the third quarter, according to a recent SEC filing. The firm now owns 12,611,740 shares of the semiconductor manufacturer's stock, making it one of Broadcom's largest institutional investors.

Why it matters

Broadcom is a major player in the semiconductor industry, providing components and systems for a wide range of communications and networking applications. Fisher Asset Management's increased stake signals continued confidence in the company's long-term growth prospects.

The details

According to the filing, Fisher Asset Management acquired an additional 237,295 shares of Broadcom during the quarter, bringing its total position to approximately 1.5% of the company's outstanding stock. Broadcom comprises about 1.5% of Fisher Asset Management's overall portfolio, making it the firm's 14th largest holding.

  • Fisher Asset Management filed the SEC disclosure on March 2, 2026.

The players

Fisher Asset Management LLC

An investment management firm that oversees over $200 billion in assets.

Broadcom Inc.

A global semiconductor and infrastructure software company headquartered in Irvine, California.

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The takeaway

Fisher Asset Management's increased stake in Broadcom highlights the firm's confidence in the semiconductor company's long-term growth potential, despite broader market volatility. As one of Broadcom's largest institutional investors, Fisher's position signals that the stock remains an attractive investment opportunity.