Broadcom Inc. Stake Lowered by Richard Bernstein Advisors LLC

Hedge fund reduces position in semiconductor manufacturer by over 50%

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC, an investment management firm, has reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 52.9% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The fund now owns 35,578 shares of the semiconductor manufacturer's stock, down from 75,497 shares previously.

Why it matters

Broadcom is a major player in the semiconductor industry, providing components and solutions for a wide range of markets including communications, enterprise storage, and broadband access. Changes in institutional ownership of the company's stock can provide insights into investor sentiment and market trends.

The details

According to the filing, Richard Bernstein Advisors LLC sold 39,919 shares of Broadcom during the third quarter, reducing its position in the company to 35,578 shares. The firm's holdings in Broadcom now represent 0.3% of its overall portfolio, making it the 25th largest holding. Other hedge funds and institutional investors have also modified their positions in Broadcom, with some increasing their stakes and others, like Richard Bernstein Advisors, decreasing their exposure.

  • Richard Bernstein Advisors LLC filed its disclosure with the SEC on March 10, 2026.
  • The changes in the firm's Broadcom holdings occurred during the third quarter of 2025.

The players

Richard Bernstein Advisors LLC

An investment management firm that has reduced its stake in Broadcom Inc. by over 50% in the third quarter of 2025.

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 Richard Bernstein Advisors' Broadcom holdings suggests a potential shift in investor sentiment towards the semiconductor company, though the reasons behind the firm's decision are not entirely clear from the available information. Ongoing changes in institutional ownership of Broadcom's stock will continue to be closely watched by investors and analysts.