Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
AVGOP was delisted on the 29th of September, 2022.
15 hedge funds and large institutions have $13.7M invested in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 86 closing their positions.
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
85% less funds holding
Funds holding: 99 → 15 (-84)
98% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 86
100% less capital invested
Capital invested by funds: $4.95B → $13.7M (-$4.94B)
100% less funds holding in top 10
Funds holding in top 10: 8 → 0 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
+$449K |
| 2 |
PA
Parallel Advisors
San Francisco,
California
|
+$7.97K |
| 3 |
PTC
Private Trust Company
Cleveland,
Ohio
|
+$4.78K |
| 4 |
RG
Retirement Group
San Diego,
California
|
+$1.59K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$924M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$608M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$547M |
| 4 |
BlackRock
New York
|
-$473M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$213M |
AVGOP Hedge Fund Activity: Q3 2022 in Review
15 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A (AVGOP) for Q3 2022, worth a combined $13.7M — down 100% from $4.95B a quarter earlier.
Sellers outnumbered buyers: 86 funds closed out of AVGOP and 2 opened new positions — a net loss of 84 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Steward Partners Investment Advisory, adding an estimated $449K. The largest seller was Capital World Investors, exiting entirely with an estimated $924M sold.
- 15 institutional investors held Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A (AVGOP) as of Q3 2022, down from 99 in Q2 2022.
- Funds reported $13.7M of Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A stock for Q3 2022, down 100% quarter-over-quarter.
- 2 funds opened new Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A positions in Q3 2022 and 86 closed out, a net change of -84 holders.
- The largest Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A buyer in Q3 2022 was Steward Partners Investment Advisory, an estimated $449K added.
- The largest Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A seller in Q3 2022 was Capital World Investors, an estimated $924M sold.
Based on aggregated 13F filings for Q3 2022.