DAVENPORT & Co LLC Trims Broadcom Inc. Stock Position

Institutional investor reduces holdings in semiconductor manufacturer by 11.4% in Q4

Mar. 28, 2026 at 7:57am

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DAVENPORT & Co LLC, an institutional investor, decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 11.4% during the fourth quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 557,279 shares of the semiconductor manufacturer's stock, valued at approximately $193.3 million.

Why it matters

Broadcom is a major player in the semiconductor industry, providing components and systems for various markets including communications, networking, and storage. Changes in institutional ownership can signal shifts in investor sentiment and market dynamics around the company.

The details

DAVENPORT & Co LLC sold 71,824 Broadcom shares during the fourth quarter, reducing its total position to 557,279 shares. The firm's holdings in Broadcom now account for approximately 1.0% of its investment portfolio, making it the 18th largest position. Other hedge funds and institutional investors have also modified their Broadcom holdings in recent quarters.

  • DAVENPORT & Co LLC filed the 13F report disclosing the reduced Broadcom position on March 28, 2026.
  • The filing covers the fourth quarter of 2025, which ended on December 31, 2025.

The players

DAVENPORT & Co LLC

An institutional investment firm that manages a diversified portfolio of stocks, bonds, and other assets.

Broadcom Inc.

A global technology company that designs, develops, and supplies semiconductor and infrastructure software solutions for various markets, including communications, networking, and storage.

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The takeaway

The reduced Broadcom position by DAVENPORT & Co LLC reflects broader shifts in institutional investor sentiment around the semiconductor industry. While Broadcom remains a major player, changes in ownership by large funds can signal evolving market dynamics that investors should monitor.