Beese Fulmer Investment Management Trims Broadcom Holdings

Institutional investor reduces stake in semiconductor giant by 2.6% in Q3

Mar. 11, 2026 at 7:34am

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Beese Fulmer Investment Management Inc., a Pennsylvania-based investment firm, lowered its holdings in Broadcom Inc. (NASDAQ:AVGO) by 2.6% during the third quarter of 2026, according to a recent SEC filing. The firm sold 4,571 shares of the semiconductor manufacturer's stock, leaving it with a total of 168,342 shares valued at $55.5 million.

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 stock can provide insights into market sentiment and potential future performance.

The details

In its 13F filing, Beese Fulmer Investment Management reported that Broadcom comprised about 3.8% of its total investment portfolio, making it the firm's third-largest holding. The sale of 4,571 shares represented a 2.6% reduction in the firm's Broadcom position.

  • Beese Fulmer Investment Management filed its 13F report for the third quarter of 2026.

The players

Beese Fulmer Investment Management Inc.

A Pennsylvania-based investment management firm that oversees approximately $1.5 billion in assets for individual and institutional clients.

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 broadband access.

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The takeaway

This filing highlights the ongoing shifts in institutional ownership of Broadcom, a bellwether semiconductor stock. While Beese Fulmer reduced its position, the stock remains a core holding for the firm, underscoring Broadcom's continued importance in the technology sector.