Mission Wealth Management 13F: Cuts Broadcom (AVGO) Stake by $29M

Mission Wealth Management scaled back its investment in Broadcom Inc. AVGO, according to a Form 13F filing submitted to the Securities and Exchange Commission on October 15, 2026. Because 13F reports look backward at activity from a prior period, the filing shows holdings as of that date and may not match the firm's current portfolio.

What Changed in Mission Wealth Management's Broadcom Position

The firm cut its position by 29.3%, selling off 82,046 shares of the semiconductor giant. That move left Mission Wealth Management with 197,669 shares of Broadcom, with a reported value of $69,419,415 at the time of the filing. The fund held 279,715 shares before the reduction.

Other Institutional Activity in Broadcom

Other large institutional investors adjusted their positions around the same reporting cycle. Blackrock Inc. grew its holdings by 12,272,921 shares, ending with 398,213,826 shares worth about $130,912,795,297. Vanguard Capital Management LLC grew its holdings by 1,139,707 shares, ending with 309,168,582 shares worth about $101,639,171,332. State Street Corporation grew its holdings by 5,511,990 shares, ending with 196,900,541 shares worth about $64,731,052,853. FMR, LLC grew its holdings by 20,243,298 shares, ending with 144,359,173 shares worth about $47,458,078,123. Vanguard Portfolio Management LLC cut its holdings by 1,425,540 shares, ending with 127,001,513 shares worth about $41,751,747,398.

Broadcom Inc. Stock Down 4.4%

Broadcom shares recently traded around $330.93 as of October 16, 2026, sitting about 10.0% below its 50-day moving average and roughly 33.1% below its 52-week high of $495.00. The stock has faced downward pressure in recent months, trading well under analyst mean price targets while holding above its 52-week low of $289.96.

Recent Earnings

Broadcom reported trailing twelve-month revenue of $89,103,998,976 alongside basic earnings of $7.59 per share. The company posted a year-over-year revenue growth rate of 85.5% and a net margin of 42.9%. The next earnings report is scheduled for December 9, 2026.

Dividend

Broadcom pays an annualized dividend with a current yield of 0.76% and a payout ratio of 32.4%.

Insider Buying and Selling at Broadcom Inc.

Insider transactions included activity by company insiders. On June 17, 2026, Henry Samueli bought 1,602 shares at zero cost and separately reported a disposal of 1,602 shares at zero cost. On June 18, 2026, Henry Samueli sold 1,890 shares at zero cost and acquired 1,890 shares at zero cost.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On September 3, 2026, Macquarie upgraded the stock to an Outperform rating with a $490.00 price target. On September 3, 2026, Raymond James maintained an Outperform rating while raising its target to $475.00 from $450.00. On September 4, 2026, Citigroup maintained a Buy rating, lifting its target to $515.00 from $500.00. On September 4, 2026, DA Davidson maintained a Neutral rating while cutting its target to $350.00 from $400.00. On September 10, 2026, Piper Sandler initiated coverage with an Overweight rating and a $460.00 target. Broadcom currently holds a consensus recommendation of strong buy with a mean price target of $527.59 across 47 analyst opinions.

About Broadcom Inc.

Headquartered in Palo Alto, California, Broadcom designs, develops, and supplies a wide array of semiconductor devices and infrastructure software solutions globally. The company operates across two primary segments, serving data centers, networking, enterprise software, and broadband markets. Institutional adjustments like Mission Wealth's recent trimming offer a look into how professional managers rebalance exposure to major technology players.

Bottom Line

Mission Wealth Management's cut reflects portfolio management choices made during the period. Investors will look toward Broadcom's upcoming earnings report on December 9, 2026, for fresh signals on operational growth and demand across its semiconductor and software segments. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.