MGB Wealth Management Trims Broadcom Holdings

Institutional investor reduces stake in semiconductor giant by 7.9%

Mar. 3, 2026 at 7:07am

Got story updates? Submit your updates here. ›

MGB Wealth Management LLC, an institutional investor, has reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 7.9% during the third quarter, according to a recent 13F filing with the SEC. The firm now owns 32,064 shares of the semiconductor manufacturer's stock, valued at $10,565,000, making it the 4th largest holding in MGB's investment portfolio.

Why it matters

Broadcom is a major semiconductor company that supplies components and software solutions across a range of industries. Changes in institutional ownership of Broadcom stock can provide insights into market sentiment and expectations around the company's performance.

The details

According to the 13F filing, MGB Wealth Management sold 2,744 shares of Broadcom stock during the third quarter, reducing its total holdings to 32,064 shares. Broadcom makes up 3.0% of MGB's investment portfolio, making it the firm's 4th largest holding. The filing indicates that MGB Wealth Management is selectively trimming its exposure to Broadcom as part of its portfolio management strategy.

  • MGB Wealth Management filed its 13F report for the third quarter of 2026.

The players

MGB Wealth Management LLC

An institutional investment firm that manages a portfolio of stocks, including a sizable position in semiconductor company Broadcom Inc.

Broadcom Inc.

A global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets, including communications, enterprise and cloud storage, and networking.

Got photos? Submit your photos here. ›

The takeaway

The reduction in MGB Wealth Management's Broadcom holdings suggests the firm is taking a more cautious stance on the semiconductor company, potentially due to market conditions or a shift in investment strategy. However, Broadcom remains a significant position in MGB's portfolio, indicating the firm still views the company as a core holding.