News Summary
NeutralBroadcom delivered strong Q3 FY2026 results with $29.6B revenue (+86% YoY) and robust free cash flow of $13.7B, driven by AI accelerator demand. However, the company provided disappointing Q4 guidance despite bullish FY2028 outlook, and faces mounting EU antitrust scrutiny over VMware licensing practices and a legal challenge to regulators' document requests.
Red flags
- •Disappointing Q4 FY2026 revenue guidance despite strong Q3 results
- •EU antitrust investigation into VMware licensing changes post-acquisition
- •Broadcom actively litigating against EU regulators over document requests
- •Q2 FY2026 revenue miss and unchanged AI chip forecast (prior period weakness)
- •Stock trading sideways/down despite 50-analyst consensus 'Strong Buy' and $531.85 price target (57% upside implied but unrealized)
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Coatue Management | Philippe Laffont | 5.8M | +343K | $2.2B | 4.5% | +6% | Existing |
| Soros Fund Management | Soros Family Office | 165K | +10K | $62M | 0.8% | +7% | Existing |
| Appaloosa LP | David Tepper | 150K | +150K | $57M | 0.8% | — | NEW |
| Maverick Capital | Lee Ainslie | 6K | +6K | $2M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where AVGO ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #8 of this fund's book
- 5APPLIED MATLS INC$3,046M
- 6GE VERNOVA INC$3,005M
- 7AMAZON COM INC$2,821M
- 8BROADCOM INC$2,209M
- 9EATON CORP PLC$2,117M
- 10ALPHABET INC$1,735M
- 11INTEL CORP$1,687M
position #19 of this fund's book
- 16ADVANCED MICRO DEVICES INC$115M
- 17COREWEAVE INC$107M
- 18ASML HLDG NV$99M
- 19BROADCOM INC$57M
- 20QUALCOMM INC$46M
- 21SPACE EXPLORATION TECHN CORP$38M
- 22ENERGY TRANSFER L P$30M
position #40 of this fund's book
- 37DIGITALBRIDGE GROUP INC$65M
- 38MEDLINE INC$65M
- 39DEXCOM INC$64M
- 40BROADCOM INC$62M
Values are quarter-end position sizes. Shown only for funds where AVGO ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Funds Reducing / Exiting (7)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Tiger Global | Chase Coleman | 1.8M | -1,830,778 | $663M | 4.9% | -51% | Existing |
| Point72 | Steve Cohen | 1.0M | -1,242,886 | $387M | 1.2% | -55% | Existing |
| Whale Rock Capital | Alex Sacerdote | 60K | -677,335 | $23M | 2.9% | -92% | Existing |
| Duquesne Family Office | Stanley Druckenmiller | 0 | −196K | — | 2.1% | -100% | EXITED |
| D1 Capital | Dan Sundheim | 0 | −981K | — | 2.7% | -100% | EXITED |
| Third Point | Dan Loeb | 0 | −50K | — | 0.7% | -100% | EXITED |
| Altimeter Capital | Brad Gerstner | 0 | −67K | — | 0.4% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Signal History
| Quarter | Direction | Funds | Score | vs SPY |
|---|---|---|---|---|
| Q2 2026 | SHORT | 7 | 7.85 | -7.9% |
| Q2 2026 | LONG | 4 | 4.16 | -7.9% |
| Q1 2026 | LONG | 6 | 7.65 | +7.5% |
Same issuer appearing in consecutive quarters — persistent institutional conviction. Returns are frozen at each archived quarter's last refresh.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| SAMUELI HENRY | — | SELL | 23K | $354.75 | $8.03M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 23K | $355.55 | $8.16M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 10K | $356.59 | $3.59M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 7K | $357.66 | $2.49M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 5K | $358.47 | $1.63M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 2K | $359.48 | $0.78M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 397 | $360.76 | $0.14M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 512 | $361.48 | $0.19M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 187K | $354.71 | $66.26M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 230K | $355.50 | $81.78M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 85K | $356.58 | $30.39M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 51K | $357.52 | $18.23M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 45K | $358.42 | $15.99M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 23K | $359.44 | $8.12M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 407 | $361.18 | $0.15M | 2026-09-23 | ↗ |
| SAMUELI HENRY | — | SELL | 11K | $361.79 | $4.09M | 2026-09-23 | ↗ |
| Brazeal Mark David | Chief Legal & Corp Affairs Ofc | SELL | 25K | $401.33 | $10.03M | 2026-07-10 | ↗ |
| DELLY GAYLA J | — | SELL | 2K | $385.38 | $0.73M | 2026-07-08 | ↗ |
| Brazeal Mark David | Chief Legal & Corp Affairs Ofc | SELL | 25K | $379.19 | $9.48M | 2026-07-08 | ↗ |
| PAGE JUSTINE | — | SELL | 2K | $373.86 | $0.60M | 2026-06-29 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Vanguard Capital Management | SC 13G | 354.7M | 7.5% | 2026-04-29 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Richard W. Allen | house | GA12 | BUY | $1,001 - $15,000 | 2026-08-12 | 2026-09-22 | ↗ |
| David J. Taylor | house | OH02 | BUY | $1,001 - $15,000 | 2026-07-24 | 2026-08-06 | ↗ |
| Richard W. Allen | house | GA12 | BUY | $1,001 - $15,000 | 2026-07-14 | 2026-08-18 | ↗ |
| Alan Armstrong | senate | — | SELL | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 | ↗ |
| John Boozman | senate | — | BUY | $1,001 - $15,000 | 2025-04-08 | 2026-08-20 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.