Brevan Howard Capital Management 13F: Cuts AVGO Stake by $72M

Brevan Howard Cuts Broadcom Inc. Stake

Brevan Howard Capital Management made a major cut to its investment in Broadcom Inc. AVGO, selling off a vast majority of its shares during the period ended May 15, 2026. According to the firm's latest Form 13F filing with the SEC, the fund trimmed its holdings by 190,531 shares. That move equals a 90.0% reduction from its prior count of 211,631 shares.

Details of the Reduction

Following the transaction, Brevan Howard was left with 21,100 shares of the semiconductor giant. Based on the spot price around the filing, the remaining stake carries a value of roughly $7.93 million. Because 13F filings look backward at past quarters, this snapshot shows the fund's positioning as of May 15, 2026, and may not reflect its current portfolio today.

Broadcom Stock Performance and Valuation

Broadcom shares recently changed hands at $375.61, sitting below the 52-week high of $495.00 and above the 52-week low of $289.96. The stock has a trailing P/E ratio of 45.37 and a forward P/E ratio of 17.75. These figures place the company in a busy stretch for tech valuations as markets navigate changing demand across semiconductor and software markets.

Recent Insider Activity

Insider transactions at Broadcom have included multiple moves by Henry Samueli. On June 17, 2026, Samueli picked up 1,602 shares and also disposed of 1,602 shares on the same date. Shortly after, on June 18, 2026, Samueli acquired 1,800-plus shares while also transacting another matching block of shares. Later in the month on June 24, 2026, Samueli reported disposing of 333,401 shares.

Wall Street Analyst Outlook

Analyst coverage on Broadcom features broad backing from major financial firms. On September 10, 2026, Piper Sandler initiated coverage with an Overweight rating and a $460.00 price target. Earlier in the month on September 4, 2026, Citigroup maintained a Buy rating while lifting its target from $500.00 to $515.00. DA Davidson maintained a Neutral stance on September 4, 2026, lowering its target to $350.00. Macquarie upgraded the stock to Outperform on September 3, 2026, setting a $490.00 target, while Raymond James, Evercore ISI Group, TD Cowen, and Truist Securities also issued updates on September 3, 2026, with price targets ranging from $475.00 to $578.00.

Overview of Broadcom Inc.

Headquartered in Palo Alto, California, Broadcom designs, develops, and supplies a wide range of semiconductor devices and infrastructure software solutions globally. Its portfolio stretches from custom silicon and networking gear to enterprise cloud software, cybersecurity tools, and mainframe solutions used across modern data centers. The company employs roughly 33,000 people and serves enterprise networking, telecom, and consumer electronics markets.

What to Watch at Broadcom Inc.

Investors tracking Broadcom will look toward upcoming SEC filings and the company's next earnings report scheduled for December 9, 2026. Institutional fund changes provide a helpful look at how macro managers adjust large equity portfolios, though they remain historical records of past quarters rather than real-time trading signals.