Here is What Hedge Funds Think About Broadcom Limited (AVGO)

How are hedge funds trading Broadcom Limited (NASDAQ:AVGO)?

At Q4’s end, a total of 62 of the hedge funds tracked by Insider Monkey were long this stock, a decline of 6% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their holdings significantly (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Silver Lake Partners, managed by Jim Davidson, Dave Roux and Glenn Hutchins, holds the most valuable position in Broadcom Limited (NASDAQ:AVGO). Silver Lake Partners has a $2.00 billion position in the stock, comprising 28.2% of its 13F portfolio. On Silver Lake Partners’s heels is Viking Global, led by Andreas Halvorsen, holding a $1.07 billion position; the fund has 4% of its 13F portfolio invested in the stock. Remaining hedge funds and institutional investors that are bullish comprise Daniel S. Och’s OZ Management, Philippe Laffont’s Coatue Management and James Dinan’s York Capital Management.

Judging by the fact that Broadcom Limited (NASDAQ:AVGO) has faced falling interest from the entirety of the hedge funds we track, logic holds that there lies a certain “tier” of fund managers who were dropping their entire stakes last quarter. It’s worth mentioning that John Lykouretzos’s Hoplite Capital Management sold off the largest investment of all the hedgies tracked by Insider Monkey, worth close to $111.8 million in ‘Call’ options, and Daniel S. Och’s OZ Management was right behind this move, as the fund dropped about $61.9 million worth of shares. These transactions are intriguing to say the least, as total hedge fund interest was cut by 4 funds last quarter.

The next page of this article will reveal the hedge fund activity in companies with market caps close to the one of Broadcom Limited.