Sepio Capital 13F: Cuts Broadcom (AVGO) Stake by $1.5M

Sepio Capital lowered its stake in Broadcom Inc. AVGO by 84.2% during the quarter, according to a Form 13F filing on October 22, 2026.

AVGO Broadcom Inc.

$323.24 ▼ -6.50% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Sepio Capital's Broadcom Position

The firm sold 4,293 shares of the semiconductor and software company, leaving it with a total of 805 shares. The remaining position was valued at $282,771 at the time of the filing. In the previous quarter, Sepio Capital held 5,098 shares.

Other Institutional Activity in Broadcom

Other large investors adjusted their holdings around the same time. Perigon Wealth Management grew its holdings by 9,926 shares, ending with 147,532 shares worth about $51,811,707. Oriental Harbor Investment Master Fund trimmed its stake by 65,583 shares to leave 364 shares valued at $127,833. Wealthcare Advisory Partners increased its position by 10,859 shares, or 21.7%, holding 60,952 shares worth $21,405,808. Investment House grew its stake by 15,376 shares, or 168.4%, to end with 24,504 shares valued at $8,605,560. Finally, SBI Securities added 6,443 shares, a 10.1% increase, finishing with 70,067 shares worth $24,606,830.

Broadcom Inc. Stock Down 3.3%

Broadcom shares recently traded around $323.33 as of October 23, 2026, roughly flat compared to the previous day's close of $323.24. The stock trades below its 50-day moving average of $360.54 and its 200-day moving average of $368.04. Over the past year, the shares have traded between a low of $289.96 and a high of $495.00.

Recent Earnings

Broadcom reported trailing twelve month revenue of $89.1 billion alongside net income margins of 42.9%. The company posts an earnings per share total of $7.83 and a return on equity of 44.2%. Its next quarterly financial update is scheduled for release on December 9, 2026.

Dividend

The company pays an annual dividend rate of $2.60 per share, which translates to a dividend yield of 0.77%. Broadcom allocates 32.4% of its earnings toward dividend payouts.

Insider Buying and Selling at Broadcom Inc.

Corporate insiders completed several transactions over the summer months. Director Justine F. Page sold 1,602 shares on June 29, 2026, at a price of $373.86 for a total value of $598,916. Director Gayla J. Delly disposed of 1,890 shares on July 8, 2026, at $385.38 per share, totaling $728,368. Officer Mark David Brazeal made two separate sales in July. He sold 25,000 shares on July 8 at $379.19 for $9,479,700, followed by another 25,000 shares on July 10 at $401.33 for a total of $10,033,225.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Macquarie upgraded the stock to an outperform rating with a $490.00 price target on September 3, 2026. Citigroup maintained a buy rating and raised its target from $500.00 to $515.00 on September 4. DA Davidson kept a neutral rating while lowering its target from $400.00 to $350.00 on the same day. Piper Sandler initiated coverage with an overweight rating and a $460.00 target on September 10, and Tigress Financial initiated coverage with a buy rating and a $600.00 target on October 22. Broadcom currently holds a consensus recommendation key of strong_buy.

About Broadcom

Broadcom Inc. designs and supplies semiconductor devices and infrastructure software solutions globally. The business operates across two core segments: Semiconductor Solutions and Infrastructure Software, supporting major enterprise networking and data center infrastructure worldwide.

Bottom Line

Investors will look toward Broadcom's upcoming earnings report on December 9, 2026, for further updates on financial performance and demand across its operating segments. Institutional filing trends will continue to show how major asset managers position their portfolios heading into the end of the year.