Victory Capital Management Trims Broadcom Stake

Institutional investor reduces position in semiconductor giant by 5.9% in Q3

Mar. 3, 2026 at 8:23am

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Victory Capital Management Inc., a major institutional investor, decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.9% during the third quarter of 2026, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns approximately 6.08 million shares of the semiconductor manufacturer's stock, making it one of Broadcom's largest shareholders.

Why it matters

Broadcom is a key player in the semiconductor industry, providing components and solutions for a wide range of markets including communications, enterprise storage, and broadband access. Changes in ownership by major institutional investors can signal shifts in market sentiment and influence the stock's performance.

The details

According to the 13F filing, Victory Capital Management sold 378,899 shares of Broadcom during the third quarter, reducing its total position to 6,082,630 shares. This represents approximately 0.13% of Broadcom's outstanding shares. The firm cited portfolio rebalancing as the reason for the reduction in its Broadcom holdings.

  • Victory Capital Management filed its 13F report for the third quarter of 2026 on March 3, 2026.

The players

Victory Capital Management Inc.

A major institutional investment management firm that owns a significant stake in Broadcom Inc.

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 Victory Capital Management's Broadcom position, while relatively small, could signal a shift in investor sentiment towards the semiconductor company. However, Broadcom remains a top holding for the firm and continues to be viewed positively by Wall Street analysts, who have a consensus 'Buy' rating on the stock.