Rokos Capital Management 13F: Cuts Broadcom (AVGO) Stake by $339M

Rokos Capital Management cut its stake in Broadcom Inc. (AVGO) by 903,096 shares, marking a 79.2% decrease. The firm now holds 236,700 shares, valued at approximately $88.9 million, as reported in its latest Form 13F filing reflecting the position as of May 15, 2026.

What Changed in Rokos Capital Management's Broadcom Position

Rokos Capital Management reduced its holdings from 1,139,796 shares down to 236,700 shares. This significant cut shows a shift in the fund's investment strategy while still maintaining a position in the semiconductor giant.

Other Institutional Activity in Broadcom

Several other major investors adjusted their positions in Broadcom during the same quarter. BlackRock Inc. grew its holdings by 12,272,921 shares, bringing its total to 398,213,826 shares worth about $131.7 billion. Vanguard Capital Management LLC increased its stake by 1,139,707 shares, now owning 309,168,582 shares valued at around $102.3 billion. State Street Corporation added 5,511,990 shares, resulting in 196,900,541 shares worth approximately $65.1 billion. FMR, LLC boosted its position by 20,243,298 shares, now holding 144,359,173 shares valued at about $47.7 billion. In contrast, Vanguard Portfolio Management LLC trimmed its stake by 1,425,540 shares, ending with 127,001,513 shares worth around $42.0 billion.

Broadcom Inc. Stock Up 8.5%

As of this article's publication, Broadcom shares traded at $375.61, which is above its 50-day moving average of $367.56 but below its 52-week high of $495. The recent cut by Rokos Capital Management comes at a time when Broadcom's stock is navigating fluctuations in the semiconductor sector.

Recent Earnings

Broadcom reported revenue of approximately $89.1 billion for its last fiscal year, showing a growth rate of 85.5%. The company posted earnings per share (EPS) of $7.59 and has a net margin of about 42.9%. Its next earnings report is expected on December 9, 2026.

Analysts Set New Price Targets

On September 10, 2026, Piper Sandler initiated coverage on Broadcom with an Overweight rating and a price target of $460. Citigroup maintained a Buy rating with an increased target of $515 on September 4, 2026. DA Davidson also maintained a Neutral rating but reduced its target to $350 from $400 on the same date. Meanwhile, Macquarie upgraded its rating to Outperform with a target of $490.

About Broadcom

Broadcom Inc. designs and supplies a range of semiconductor devices and infrastructure software solutions. The company's operations are divided into two segments: Semiconductor Solutions and Infrastructure Software. This strategic focus underpins its position as a major player in the technology sector, especially amidst fluctuating market dynamics.

Bottom Line

Investors will be watching for further updates from Broadcom, especially with its next earnings report set for December 9, 2026. The recent 13F filing from Rokos Capital Management reflects past positions and may not show their current strategies. As other major holders adjust their stakes, market dynamics will continue to evolve in the semiconductor space.