Capital Group Trims Broadcom Stake by 77%

Semiconductor manufacturer remains a top holding despite reduced position

Mar. 10, 2026 at 11:11am

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Capital Group Private Client Services Inc. has trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 77.1% in the third quarter, according to a recent 13F filing. The fund now owns 494,532 shares of the semiconductor manufacturer's stock, down from 1,666,802 shares previously. Broadcom remains one of Capital Group's top 10 holdings, comprising approximately 2.7% of its portfolio.

Why it matters

This filing provides insight into the investment strategy of a major institutional investor like Capital Group. While the firm has reduced its Broadcom stake significantly, the semiconductor company remains a core holding, indicating Capital Group's continued confidence in Broadcom's long-term prospects despite recent market volatility.

The details

In the third quarter, Capital Group sold 1,666,802 shares of Broadcom, reducing its position by 77.1%. The fund now owns 494,532 shares of the semiconductor manufacturer's stock, valued at $163,151,000 at the end of the reporting period. Broadcom is Capital Group's 8th largest holding, comprising approximately 2.7% of its total portfolio.

  • Capital Group filed its 13F report for the third quarter of 2026 on March 10, 2026.

The players

Capital Group Private Client Services Inc.

A major institutional investment management firm that oversees over $2 trillion in assets.

Broadcom Inc.

A global semiconductor and infrastructure software company headquartered in Irvine, California.

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The takeaway

Despite reducing its Broadcom stake by over 75%, the semiconductor company remains a core holding for Capital Group, indicating the firm's continued confidence in Broadcom's long-term growth potential even amidst recent market volatility.