Broadcom Inc. sees mixed institutional stake changes in Q1

In the first quarter, institutional investors adjusted their positions in Broadcom Inc. (NASDAQ:AVGO). Summitry LLC increased its holding by 167.1%, bringing its stake to 19,559 shares valued at about $6.05 million. Conversely, Groupama Asset Management reduced its stake by 1.4%, ending the quarter with 854,556 shares worth roughly $264.5 million.

These moves are part of broader activity among hedge funds and investment firms, which collectively own about 76.4% of Broadcom’s outstanding shares.