Sustainable Growth Advisers LP Invests $224.25 Million in Broadcom Inc. $AVGO

Market Beat
2026.06.05 09:13
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Sustainable Growth Advisers LP initiated a $224.25 million position in Broadcom Inc. (AVGO) during Q4, acquiring 647,922 shares. This move coincides with increased holdings by other institutional investors like Brighton Jones LLC and United Bank. Meanwhile, insiders Mark David Brazeal and CFO Kirsten M. Spears sold significant shares in March. Despite record Q2 revenue and AI growth, Broadcom's stock declined due to lower-than-expected Q3 AI guidance.