Fred Alger Management Boosts Stake in Broadcom

Institutional investor increases holdings in semiconductor manufacturer

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC, an institutional investor, grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 25.9% during the 3rd quarter, according to a recent SEC filing. The firm now owns 2,681,638 shares of the semiconductor manufacturer's stock, making it one of Broadcom's largest shareholders.

Why it matters

Broadcom is a major player in the semiconductor industry, providing components and solutions for a wide range of markets. Fred Alger Management's increased stake in the company signals their confidence in Broadcom's long-term growth potential.

The details

According to the 13F filing, Fred Alger Management acquired an additional 551,335 shares of Broadcom during the 3rd quarter, bringing their total holdings to 2,681,638 shares. This represents about 0.06% of Broadcom's outstanding shares and makes the firm one of the company's top institutional investors.

  • Fred Alger Management filed the 13F report for the 3rd quarter of 2026.

The players

Fred Alger Management LLC

An institutional investment management firm that owns a significant stake in Broadcom Inc.

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

Fred Alger Management's increased investment in Broadcom suggests the firm sees strong growth potential in the semiconductor manufacturer, which could signal positive news for Broadcom's future performance.