Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
AVGOP was delisted on the 29th of September, 2022.
73 hedge funds and large institutions have $3.45B invested in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
55% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 20
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
6% more funds holding
Funds holding: 69 → 73 (+4)
20% less capital invested
Capital invested by funds: $4.3B → $3.45B (-$843M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$209M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$143M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$40.7M |
| 4 |
ClearBridge Investments
New York
|
+$12.2M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$147M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$72.9M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
-$40.7M |
| 4 |
BlackRock
New York
|
-$23.8M |
| 5 |
State Street
Boston,
Massachusetts
|
-$13.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citigroup
New York
| $13K | – | – | – |
|
|
WT
77
Washington Trust
Westerly,
Rhode Island
| $9K | +$10.7K | +10 | New |
|
|
SFS
78
Sowell Financial Services
North Little Rock,
Arkansas
| $7K | – | – | – |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$9.33M | -8,000 | Closed |
|
|
OCM
80
Oaktree Capital Management
Los Angeles,
California
| – | -$5.89M | -5,000 | Closed |
|
|
AL
81
Appaloosa LP
Short Hills,
New Jersey
| – | -$2.94M | -2,500 | Closed |
|
82
Bank of New York Mellon
New York
| – | -$2.36M | -2,000 | Closed |
|
|
ES
83
Equitec Specialists
Chicago,
Illinois
| – | -$1.22M | -1,037 | Closed |
|
|
SAM
84
Symphony Asset Management
San Francisco,
California
| – | -$980K | -832 | Closed |
|
|
XS
85
XR Securities
Chicago,
Illinois
| – | -$307K | -261 | Closed |
|
|
GI
86
GAMCO Investors
Greenwich,
Connecticut
| – | -$236K | -200 | Closed |
|
AVGOP Hedge Fund Activity: Q1 2020 in Review
73 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A (AVGOP) for Q1 2020, worth a combined $3.45B — down 20% from $4.3B a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new AVGOP positions and 8 closed out — a net gain of 5 holders — while 31 added to existing stakes and 20 trimmed.
The largest buyer was Capital International Investors, adding an estimated $209M. The largest seller was Capital Research Global Investors, cutting an estimated $147M.
- 73 institutional investors held Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A (AVGOP) as of Q1 2020, up from 69 in Q4 2019.
- Funds reported $3.45B of Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A stock for Q1 2020, down 20% quarter-over-quarter.
- 13 funds opened new Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A positions in Q1 2020 and 8 closed out, a net change of +5 holders.
- The largest Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A buyer in Q1 2020 was Capital International Investors, an estimated $209M added.
- The largest Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A seller in Q1 2020 was Capital Research Global Investors, an estimated $147M sold.
Based on aggregated 13F filings for Q1 2020.