Groupama Asset Management Reduces Broadcom Stake

Institutional investor trims holdings in semiconductor giant by 0.3%

Mar. 21, 2026 at 9:18am

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Groupama Asset Management, a major institutional investor, reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 0.3% in the third quarter, according to a recent SEC filing. The firm still maintains a sizable position of 1,212,390 shares worth nearly $400 million, making Broadcom its 10th largest holding.

Why it matters

Broadcom is a leading semiconductor manufacturer and a key supplier to major tech companies. Institutional investors closely monitor and adjust their positions in Broadcom, as the stock's performance can significantly impact their overall portfolio returns.

The details

According to the filing, Groupama Asset Management sold 4,058 shares of Broadcom stock during the third quarter, reducing its total position to 1,212,390 shares. The firm's holdings in Broadcom are valued at $399,980,000, representing 1.4% of its overall portfolio.

  • Groupama Asset Management filed the 13F report for the third quarter of 2026 on March 21, 2026.

The players

Groupama Asset Management

A major institutional investor that manages a diversified portfolio of investments.

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

Groupama Asset Management's reduction in its Broadcom stake, though small, reflects the ongoing scrutiny and adjustments institutional investors make to their holdings in major technology companies like Broadcom. This highlights the importance of semiconductor stocks in institutional portfolios and the need for close monitoring of industry trends and company performance.