News Summary
NeutralBroadcom is executing strongly on AI infrastructure demand with Q2 FY2026 AI semiconductor revenue up 143% YoY to $10.8B and guidance for Q3 AI revenue near $16B (200%+ YoY growth), positioning it as a next-wave AI beneficiary. However, the company faces mounting regulatory headwinds including an EU antitrust loss on VMware document disclosure, new U.S./EU antitrust probes into VMware licensing and access practices, and an ITC patent investigation with Google and Nvidia.
Red flags
- •EU General Court sided with regulators against Broadcom on VMware-related antitrust document dispute (August 3, 2026)
- •European Commission initiated formal investigation into Broadcom's VMware access, pricing, and contract terms for EU infrastructure customers
- •U.S. regulators opened antitrust probe into VMware licensing practices post-acquisition
- •ITC launched investigation into alleged Netlist patent infringement by Broadcom, Google, and Nvidia
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 | 4.0% | -55% | Existing |
| Whale Rock Capital | Alex Sacerdote | 60K | -677,335 | $23M | 2.9% | -92% | Existing |
| Altimeter Capital | Brad Gerstner | 0 | −67K | — | 0.4% | -100% | EXITED |
| D1 Capital | Dan Sundheim | 0 | −981K | — | 2.7% | -100% | EXITED |
| Third Point | Dan Loeb | 0 | −50K | — | 0.7% | -100% | EXITED |
| Duquesne Family Office | Stanley Druckenmiller | 0 | −196K | — | 2.1% | -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 | 8.44 | -5.8% |
| Q2 2026 | LONG | 4 | 4.16 | -5.8% |
| 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
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 |
|---|---|---|---|---|---|---|---|
| David J. Taylor | house | OH02 | BUY | $1,001 - $15,000 | 2026-07-24 | 2026-08-06 | ↗ |
| Alan Armstrong | senate | — | SELL | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.