See Which Of The Latest 13F Filers Holds Broadcom

At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 03/31/2024 reporting period, and noticed that Broadcom Inc (Symbol: AVGO) was held by 17 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in AVGO positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
DeDora Capital Inc. Existing +377+$1,023
AMF Tjanstepension AB Existing -3,750+$38,688
Calton & Associates Inc. Existing -37-$5
Ameliora Wealth Management Ltd. Existing +146+$357
Norwood Financial Corp Existing +30+$55
Pinnacle Bancorp Inc. Existing +10+$52
Atlantic Union Bankshares Corp Existing +16+$3,511
Guyasuta Investment Advisors Inc. Existing UNCH+$214
Addenda Capital Inc. Existing -1,989+$3,029
Sendero Wealth Management LLC Existing +46+$104
LongView Wealth Management Existing -102-$53
Register Financial Advisors LLC Existing +17+$93
Brookmont Capital Management NEW +164+$218
Capital Asset Advisory Services LLC Existing -101+$86
Artemis Investment Management LLP Existing -32,126-$25,931
Indiana Trust & Investment Management CO Existing UNCH+$8
Howard Financial Services LTD. Existing -25+$194
Aggregate Change: -37,324+$21,643

In terms of shares owned, we count 7 of the above funds having increased existing AVGO positions from 12/31/2023 to 03/31/2024, with 7 having decreased their positions and 1 new position.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AVGO share count in the aggregate among all of the funds which held AVGO at the 03/31/2024 reporting period (out of the 655 we looked at in total). We then compared that number to the sum total of AVGO shares those same funds held back at the 12/31/2023 period, to see how the aggregate share count held by hedge funds has moved for AVGO. We found that between these two periods, funds reduced their holdings by 26,092 shares in the aggregate, from 2,520,566 down to 2,494,474 for a share count decline of approximately -1.04%. The overall top three funds holding AVGO on 03/31/2024 were:

»FundShares of AVGO Held
1.Los Angeles Capital Management LLC 323,048
2.Sarasin & Partners LLP 171,313
3.Guinness Asset Management LTD 169,238
4-10Find out the full Top 10 Hedge Funds Holding AVGO»

We'll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Broadcom Inc (Symbol: AVGO).

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Also see:

• Funds Holding FRS
• LAUR Insider Buying
• MCY Earnings Surprises

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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