Lone Pine Capital: Interview, Performance, AUM, and Holdings

3. Broadcom Ltd (NASDAQ:AVGO)

Lone Pine also disclosed a $1.24 billion stake in Broadcom Ltd (NASDAQ:AVGO), which contains 5.32 million shares. The semiconductor maker’s stock has advanced by over 40% since the beginning of the year, as it has been clearing steps to complete the acquisition of Brocade Communications Systems, Inc. (NASDAQ:BRCD) announced last year. Recently, the company reported its fiscal third-quarter results, which included Revenue of $4.46 billion, in-line with estimates, while its EPS of $4.10 was better than the expected $4.03. Analysts are also optimistic about the company’s near future, as Apple Inc. (NASDAQ:AAPL) is about to announce its new iPhone and it is expected that the amount of Broadcom Ltd (NASDAQ:AVGO) parts will be larger. During the second quarter, the number of investors from our database bullish on Broadcom Ltd (NASDAQ:AVGO) increased by eight to 72.