Bank of Nova Scotia Increases Stake in Broadcom Inc.

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Bank of Nova Scotia, a major Canadian financial institution, has increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.4% during the third quarter of 2025. The bank now owns 2,846,611 shares of the semiconductor manufacturer's stock, valued at approximately $939.12 million, making it one of Broadcom's largest institutional investors.

Why it matters

Broadcom is a leading global semiconductor and infrastructure software company, so the increased investment by a major financial institution like Bank of Nova Scotia signals confidence in the company's long-term growth prospects. This news also highlights the continued institutional interest in the semiconductor industry, which has seen strong demand amid the ongoing digital transformation across various sectors.

The details

According to the SEC filing, Bank of Nova Scotia acquired an additional 221,617 shares of Broadcom during the third quarter, bringing its total stake to approximately 1.7% of the company's outstanding shares. Broadcom is the 11th largest holding in Bank of Nova Scotia's investment portfolio.

• Bank of Nova Scotia increased its stake in Broadcom during the 3rd quarter of 2025.
• The SEC filing detailing the increased stake was made on March 15, 2026.