Deepwater Asset Management Trims Broadcom Stake

Institutional investor reduces position in semiconductor giant by 90%

Published on Mar. 4, 2026

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Deepwater Asset Management LLC, an institutional investor, has trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 90% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 5,550 shares of the semiconductor manufacturer's stock, down from 55,503 shares previously.

Why it matters

Broadcom is a major player in the semiconductor industry, providing components and solutions for a wide range of markets. Institutional investors' trading activity in the stock can provide insights into market sentiment and potential future performance.

The details

According to the 13F filing, Deepwater Asset Management sold 49,953 shares of Broadcom, reducing its position by 90%. The firm's remaining 5,550 shares are valued at approximately $1.83 million, making up about 0.7% of its total holdings.

  • Deepwater Asset Management made the trades during the third quarter of the reporting period.

The players

Deepwater Asset Management LLC

An institutional investor that has reduced its position in Broadcom Inc.

Broadcom Inc.

A global technology company that designs, develops and supplies semiconductor and infrastructure software solutions.

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The takeaway

The reduction in Deepwater Asset Management's Broadcom position suggests the firm may have concerns about the semiconductor company's near-term prospects, though Broadcom remains a widely held stock among institutional investors.