Chicago Partners Investment Group 13F: Cuts AVGO Stake by $2.6M
Key Points
- Chicago Partners Investment Group reduced its holdings in Broadcom by 8,036 shares, valued at about $15.9 million.
- After this cut, the firm holds 49,422 shares, representing 1.05% of its total reported value of approximately $1.51 billion.
- Broadcom's stock recently traded around $342.45, about equal to its closing price of $342.33 on the filing date.
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On October 27, 2026, Chicago Partners Investment Group cut its position in Broadcom Inc. (AVGO) by 8,036 shares, valued at about $15.9 million. The details come from the fund's latest Form 13F filing with the SEC, which covers the quarter ending September 30, 2026.
Chicago Partners now holds 49,422 shares of Broadcom, reflecting a 13.99% decrease in its stake. This position ranks 22nd out of the 1,660 positions in the fund's portfolio and accounts for 1.05% of its total reported value of approximately $1.51 billion.
AVGO
Broadcom Inc.
Chicago Partners Investment Group vs. the S&P 500
Hypothetical returns from Chicago Partners Investment Group's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Broadcom
Several other funds have also adjusted their positions in Broadcom. BSN Capital Partners reduced its stake by 3,938 shares, now holding 364,875 shares worth about $133 million. Midwest Trust decreased its holdings by 37,041 shares, bringing its total to 497,152 shares valued at roughly $175 million. Perigon Wealth Management cut its position by 9,926 shares, ending with 147,532 shares valued at about $51.8 million.
Broadcom Inc. Stock Up 6.5%
Broadcom shares recently traded around $342.45, which is about equal to its closing price of $342.33 on October 27, 2026. The stock is currently below its 50-day moving average of $355.48 and its 200-day moving average of $367.81. It's also about 30.8% below its 52-week high of $495.00.
Recent Earnings
Broadcom reported trailing twelve-month revenue of approximately $89.1 billion and an EPS of $7.83. The company's next earnings report is scheduled for December 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Broadcom pays an annual dividend of $2.60 per share, which gives it a yield of 0.79%. The dividend payout ratio is 32.4%.
Insider Buying and Selling at Broadcom Inc.
Recently, several insiders sold shares of Broadcom. Director Justine F. Page sold 1,602 shares at an average price of $373.86 on June 29, 2026, totaling about $598,916. Another director, Gayla J Delly, sold 1,890 shares at $385.38 on July 8, 2026, valued at approximately $728,368. Officer Mark David Brazeal sold 25,000 shares at prices of $379.19 and $401.33 on July 8 and July 10, 2026, with total values of about $9.5 million and $10 million, respectively.
Analysts Set New Price Targets
On October 27, 2026, Rosenblatt maintained its Buy rating on Broadcom with a price target of $600. DA Davidson upgraded its rating to Buy and raised its target to $400 from $350 on the same day. The consensus among analysts is a strong Buy rating with a mean price target of $529.1 based on 48 opinions.
About Broadcom
Broadcom Inc. designs and supplies various semiconductor devices and infrastructure software solutions. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. This recent adjustment by Chicago Partners highlights ongoing changes in the fund's strategy regarding its semiconductor investments.
Bottom Line
Investors should keep an eye on Broadcom's upcoming earnings report on December 9, 2026, and any further filings from Chicago Partners Investment Group. The firm's recent cut in shares shows a strategic adjustment, but they still maintain a significant position in the company.
Related Filing Alerts
Source: Chicago Partners Investment Group's 13F filing on $AVGO (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts