Coronation Fund Managers 13F: New $4M Stake in Broadcom (AVGO)
Key Points
- Coronation Fund Managers opened a new position with 11,295 shares in Broadcom, representing a value of about $3.97 million.
- Broadcom shares recently traded around $342.45, approximately equal to their closing price of $342.33 on the filing date.
- The fund's reported value for this position is 0.23% of its total holdings, ranking it 27th among its 49 positions.
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On October 27, 2026, Coronation Fund Managers disclosed it took a new position of 11,295 shares in Broadcom Inc. (AVGO), valued at approximately $3.97 million. This information comes from the fund's latest Form 13F filing with the SEC.
Coronation's new stake in Broadcom adds to its portfolio, which now totals 11,295 shares worth about $3.97 million. This new position represents 0.23% of the fund's total reported value of approximately $1.75 billion, placing it 27th among its 49 positions.
AVGO
Broadcom Inc.
Other Institutional Activity in Broadcom
Several other institutional investors also made adjustments to their positions in Broadcom recently. Asset Management One increased its holdings by 23,212 shares, bringing its total to 2,171,096 shares valued at about $762.5 million. Meanwhile, Chicago Partners Investment Group cut its stake by 8,036 shares, reducing its total to 49,422 shares worth around $15.9 million. The State of Michigan Retirement System trimmed its position by 16,900 shares, leaving it with 1,617,742 shares valued at approximately $568.1 million.
Broadcom Inc. Stock Up 6.5%
Broadcom shares recently traded around $342.45, which is about equal to their 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, indicating a potential downtrend in the near term.
Recent Earnings
Broadcom reported a trailing twelve-month revenue of $89.1 billion, reflecting a year-over-year growth of 85.5%. The company has an impressive net margin of 42.9% and a return on equity of 44.2%. The 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, resulting in a dividend yield of 0.79%. The company's dividend payout ratio stands at 32.4%, indicating a sustainable dividend policy.
Insider Buying and Selling at Broadcom Inc.
Recent insider transactions at Broadcom include several sales. Director Justine F. Page sold 1,602 shares at an average price of $373.86, totaling approximately $598,916 on June 29, 2026. Officer Mark David Brazeal sold 25,000 shares at an average price of $379.19, worth about $9.48 million on July 8, 2026. Another sale by Brazeal on July 10 involved 25,000 shares at an average price of $401.33, valued at around $10.03 million.
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' with a target of $400. The consensus among analysts is a 'strong buy' with a mean target price of $529.1, reflecting a significant upside from recent trading levels.
About Broadcom
Broadcom Inc. designs and supplies a wide range of semiconductor devices and infrastructure software solutions globally. The company operates mainly in two segments: Semiconductor Solutions and Infrastructure Software. This new stake by Coronation Fund Managers may indicate confidence in Broadcom's growth potential amid a competitive technology landscape.
Bottom Line
Investors should keep an eye on Broadcom's upcoming earnings report on December 9, 2026, which could provide further insights into its performance. Additionally, Coronation Fund Managers' new position highlights the interest in Broadcom as a key player in the technology sector.
Related Filing Alerts
Source: Coronation Fund Managers'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