Donaldson Capital Management Reduces Broadcom Stake

Institutional investor cuts holdings in semiconductor giant by 6% in Q4 2025

Apr. 3, 2026 at 7:51am

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An extreme close-up of intricate, industrial machinery and components in muted tones, conceptually representing the complex inner workings of a semiconductor company.Donaldson Capital Management's reduced stake in Broadcom reflects broader shifts in investor sentiment around semiconductor stocks.Irvine Today

Donaldson Capital Management LLC, a major institutional investor, reduced its stake in Broadcom Inc. (NASDAQ: AVGO) by 6% in the fourth quarter of 2025, according to a recent SEC filing. The firm now owns 476,954 shares of the semiconductor manufacturer's stock, valued at approximately $165 million.

Why it matters

Broadcom is a key player in the semiconductor industry, providing components and solutions for a wide range of markets including communications, enterprise, and cloud infrastructure. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and broader industry trends.

The details

According to the filing, Donaldson Capital Management sold 30,705 shares of Broadcom stock during the quarter, reducing its total position to 476,954 shares. The firm's holdings in Broadcom now make up approximately 5.2% of its overall portfolio, making it the second-largest holding.

  • Donaldson Capital Management filed the 13F report for the fourth quarter of 2025 on April 3, 2026.
  • The firm reduced its Broadcom stake during the three-month period ending December 31, 2025.

The players

Donaldson Capital Management LLC

An institutional investment firm that manages a diversified portfolio of equity and fixed-income securities.

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

This reduction in Donaldson Capital Management's Broadcom holdings reflects broader shifts in investor sentiment around semiconductor stocks, as the industry navigates supply chain challenges and evolving market dynamics. However, Broadcom remains a significant position in the firm's portfolio, underscoring the company's continued importance in the technology sector.