Israel Englander Stock Portfolio: Top 5 Stock Picks

3. Broadcom Inc. (NASDAQ:AVGO)

Millennium Management’s Stake: $1.5 Billion

Broadcom Inc. (NASDAQ:AVGO) is a relatively recent addition to the 13F portfolio of Millennium Management, unlike other top stocks. The fund first disclosed a stake in the company back in the second quarter of 2018. This position comprised 4.4 million shares. By the end of the year, the fund had grown this holding to more than 8.4 million shares. A period of trimming followed where the fund reduced the stake to 96,000 shares by the end of 2022. Filings for the fourth quarter of 2025 show that the fund owns nearly 4.5 million shares in the company, up 145% compared to filings for the third quarter of 2025.

Broadcom Inc. (NASDAQ:AVGO) is on the radar of elite hedge funds as hyperscalers like Google, Meta, and OpenAI move away from pure GPU dependence toward custom XPUs (Accelerated Processing Units). Broadcom dominates the market for custom AI ASIC design. Institutional investors are specifically tracking the Google TPU ramp and the production of Meta’s custom accelerators. In late 2025 and early 2026, news of OpenAI’s Titan 1 custom chip, developed with Broadcom, became a primary driver for hedge fund entries. Analysts estimate this single project could contribute over $10 billion in revenue by early 2027.