UniSuper Management 13F: Adds $17M to Broadcom (AVGO) Stake
Key Points
- UniSuper Management's reported value for its Broadcom position is about $11.49 billion, making up 4.93% of its total portfolio.
- UniSuper Management held 1,612,819 $AVGO shares at quarter end, up 3.06% from the prior quarter.
- The fund's stake in Broadcom increased by 3.1%, reflecting a gain of approximately $16.8 million since the last quarter.
- Broadcom's shares are currently trading about equal to their closing price on the event date, and are below their 50-day and 200-day moving averages.
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On October 26, 2026, UniSuper Management boosted its stake in Broadcom Inc. (AVGO) by 47,938 shares, bringing its total holdings to 1,612,819 shares. This increase is valued at approximately $56.6 million, according to the fund's latest Form 13F filing with the SEC.
AVGO
Broadcom Inc.
UniSuper Management vs. the S&P 500
Hypothetical returns from UniSuper Management's disclosed trades, not real profit or advice. How we model this.
Where Broadcom Fits in UniSuper Management's Portfolio
Broadcom now represents about 4.93% of UniSuper Management's total reported value of $11.49 billion. The 3.1% increase in shares adds to the fund's position, which ranks sixth among its 636 holdings.
Other Institutional Activity in Broadcom
Midwest Trust reduced its holdings in Broadcom by 37,041 shares, ending with 497,152 shares valued at about $174.6 million. Perigon Wealth Management also cut its position by 9,926 shares, bringing its total to 147,532 shares worth around $51.8 million. Meanwhile, Howland Capital Management increased its stake by 5,793 shares, resulting in 45,509 shares valued at about $15.98 million.
Broadcom Inc. Stock Up 2.4%
On October 26, 2026, Broadcom's shares closed at $329.17. Recently, the stock traded around $329.28, which is about equal to the closing price on the filing date. However, the shares are currently below their 50-day moving average of $356.76 and their 200-day average of $367.82.
Recent Earnings
Broadcom reported trailing twelve-month revenue of approximately $89.1 billion, with an earnings per share (EPS) of $7.49. The company is expected to report its next earnings on 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, yielding about 0.81%. The dividend payout ratio stands at 32.4%.
Insider Buying and Selling at Broadcom Inc.
Since June 29, 2026, several insiders have sold shares. Director Justine F. Page sold 1,602 shares at an average price of $373.86, totaling about $598,916. Officer Mark David Brazeal sold 25,000 shares at an average price of $379.19, valued at approximately $9.48 million. Another sale by Brazeal involved 25,000 shares at an average price of $401.33, totaling around $10.03 million.
Analysts Set New Price Targets
On October 22, 2026, Tigress Financial initiated coverage on Broadcom with a Buy rating and a price target of $600. The consensus among analysts is a Strong Buy, with a mean price target of $529.1 based on 48 opinions.
About Broadcom
Broadcom Inc. designs and supplies a variety of semiconductor devices and infrastructure software solutions worldwide. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. This recent boost in position by UniSuper Management reflects ongoing confidence in Broadcom's growth potential.
Bottom Line
Investors should keep an eye on Broadcom's next earnings report scheduled for December 9, 2026, and any further filings from UniSuper Management. The fund's recent increase in its stake indicates a positive outlook for Broadcom's future performance.
Related Filing Alerts
Source: UniSuper Management's 13F filing on $AVGO (Oct 26, 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