Broadcom Inc. $AVGO Shares Sold by Pinnacle Associates Ltd.

Institutional investor reduced stake in semiconductor manufacturer during Q3

Published on Mar. 8, 2026

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Pinnacle Associates Ltd., an institutional investor, reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,332 shares of the semiconductor manufacturer's stock after selling 10,308 shares.

Why it matters

Broadcom is a major semiconductor company that supplies components and software solutions for a wide range of markets, including communications, enterprise, and cloud storage. Changes in institutional ownership can provide insight into investor sentiment around the company.

The details

Pinnacle Associates Ltd. sold 10,308 shares of Broadcom stock during the third quarter, reducing its total stake to 466,332 shares. The firm's holdings in Broadcom represented approximately 2.0% of its portfolio, making the stock its 5th largest holding.

  • Pinnacle Associates Ltd. reduced its stake in Broadcom during the 3rd quarter of 2026.

The players

Pinnacle Associates Ltd.

An institutional investor that manages a portfolio of investments, including a stake in semiconductor manufacturer 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

This filing provides a glimpse into the investment decisions of one institutional investor, Pinnacle Associates Ltd., and their reduced exposure to semiconductor manufacturer Broadcom. While the reasons behind the stake reduction are not explicitly stated, it could signal a shift in investor sentiment or portfolio allocation for this particular firm.