Legal & General Group Plc Increases Stake in Broadcom Inc.

Broadcom makes up about 2.5% of Legal & General Group Plc's investment portfolio, making the stock its 5th largest position.

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, has increased its stake in semiconductor manufacturer Broadcom Inc. (NASDAQ:AVGO) by 2.3% during the 3rd quarter. The firm now owns 33,450,786 shares of Broadcom, making up about 2.5% of its total investment portfolio and ranking the stock as its 5th largest position.

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 networking. Legal & General Group Plc's increased stake in the company signals the institutional investor's confidence in Broadcom's long-term growth potential.

The details

According to a recent SEC filing, Legal & General Group Plc lifted its stake in Broadcom by 2.3% during the 3rd quarter, adding 748,709 shares. The firm now owns 33,450,786 shares of the semiconductor manufacturer's stock, valued at approximately $11.04 billion. This makes Broadcom the 5th largest position in Legal & General Group Plc's investment portfolio, accounting for around 2.5% of its total holdings.

  • Legal & General Group Plc increased its stake in Broadcom during the 3rd quarter of 2026.

The players

Legal & General Group Plc

A major institutional investor and one of the world's largest asset managers, with over $1.4 trillion in assets under management.

Broadcom Inc.

A global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets, including communications, enterprise storage, and networking.

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The takeaway

Legal & General Group Plc's increased stake in Broadcom highlights the institutional investor's confidence in the semiconductor company's long-term growth prospects. As one of Broadcom's top shareholders, Legal & General Group Plc's investment decision could signal positive sentiment about the company's future performance and market position.