Montrusco Bolton Investments 13F: Cuts AVGO Stake by $59M
Montrusco Bolton Investments cut its position in Broadcom by 26.5%, now holding 468,632 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Montrusco Bolton Investments sold 168,775 shares from its stake in Broadcom Inc. ($AVGO), a 26.48% decrease, according to a 13F filing with the SEC dated October 13, 2026. It reported 468,632 shares worth $164.58 million at the end of the quarter.
Since the filing, $AVGO is down 8.0% to date (from the $357.31 close on Oct 13, 2026).
Find the original: Montrusco Bolton Investments 13F filings on SEC EDGAR
AVGO
Broadcom Inc.
Key Points
- Montrusco Bolton Investments reduced its Broadcom position by 26.5%, selling 168,775 shares.
- Montrusco Bolton Investments held 468,632 $AVGO shares at quarter end, down 26.48% from the prior quarter.
- Broadcom, with a market cap of $1.73 trillion, has a P/E ratio of 46.3 and a beta of 1.457.
- The company offers a dividend yield of 0.73% and is seen as a strong buy by analysts.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Broadcom Inc. alert may contain errors. Disclosures
Montrusco Bolton Investments has trimmed its stake in Broadcom Inc. (NasdaqGS: AVGO) by about 26.5%, according to its latest Form 13F filing with the SEC. The firm sold 168,775 shares, leaving it with 468,632 shares valued at approximately $164.6 million as of the reporting period.
Montrusco Bolton Investments vs. the S&P 500
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What Changed in Montrusco Bolton's Broadcom Position
Montrusco Bolton Investments reduced its holdings in Broadcom by 26.5%, selling 168,775 shares. The firm now holds 468,632 shares, down from 637,407 shares previously. This move reflects a strategic adjustment in their investment portfolio, with the remaining stake valued at around $164.6 million.
Broadcom Inc. Stock Down 4.5%
Shares of Broadcom Inc. traded with notable metrics, though the specific spot price for Friday wasn't available. The company boasts a market capitalization of approximately $1.73 trillion and has a P/E ratio of 46.3, indicating its earnings compared to its share price. With a beta of 1.457, Broadcom exhibits a higher volatility compared to the market. The stock's 52-week range has been between $289.96 and $495.00, with a 50-day moving average of $379.01 and a 200-day moving average of $369.00. The company maintains a strong financial position with a current ratio of 2.504 and a quick ratio of 2.153.
Recent Earnings
Broadcom reported revenue of about $89.1 billion, showing revenue growth of 85.5%. The company has a net margin of 42.9% and a return on equity of 44.2%. Its earnings per share (EPS) were $7.83. The next earnings report is anticipated 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 offers an annual dividend rate of $2.60 per share, translating to a yield of 0.73%. The dividend payout ratio is 32.4%, indicating the proportion of earnings paid out as dividends to shareholders.
About Broadcom Inc.
Broadcom Inc., based in Palo Alto, California, is a major player in the technology sector, specifically in semiconductors. The company designs and supplies a wide range of semiconductor devices and software solutions. Its products are used in diverse applications, including networking, wireless devices, and data storage. Broadcom operates in two main segments: Semiconductor Solutions and Infrastructure Software. Led by CEO Hock Eng Tan, the company employs around 33,000 people globally.
Bottom Line
Montrusco Bolton Investments' decision to cut its stake in Broadcom by 26.5% highlights a shift in its investment strategy, possibly reflecting market conditions or portfolio rebalancing. Investors often track these filings to gauge institutional sentiment, although it's important to remember that 13F filings are backward-looking and may not represent current positions. Broadcom remains a significant player in the semiconductor industry with strong financial metrics and a positive analyst outlook.
Related Filing Alerts
Source: Montrusco Bolton Investments's 13F filing on $AVGO (Oct 13, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Montrusco Bolton Investments 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts