Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
AVGOP was delisted on the 29th of September, 2022.
99 hedge funds and large institutions have $4.95B invested in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in 2022 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 43 reducing their positions, and 11 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding
Funds holding: 99 → 99 (0)
24% less capital invested
Capital invested by funds: $6.53B → $4.95B (-$1.57B)
47% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
+$164M |
| 2 |
Two Sigma Investments
New York
|
+$98.2M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$55.9M |
| 4 |
SG Americas Securities
New York
|
+$55.1M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$31.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$155M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$111M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$81.7M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$45.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$35.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PTC
101
Private Trust Company
Cleveland,
Ohio
| $3K | +$3.52K | +2 | New |
|
102
Bank of Montreal
Toronto,
Ontario, Canada
| $21 | – | – | – |
|
|
MF
103
Magnetar Financial
Evanston,
Illinois
| – | -$7.83M | -4,000 | Closed |
|
104
Ameriprise
Minneapolis,
Minnesota
| – | -$651K | -332 | Closed |
|
|
PCM
105
Prelude Capital Management
New York
| – | -$471K | -240 | Closed |
|
|
TSS
106
Two Sigma Securities
New York
| – | -$291K | -148 | Closed |
|
|
MCA
107
MSH Capital Advisors
Scottsdale,
Arizona
| – | -$249K | -127 | Closed |
|
|
WAM
108
Warberg Asset Management
Winnetka,
Illinois
| – | -$240K | -122 | Closed |
|
|
FAN
109
Financial Advisors Network
Tustin,
California
| – | -$226K | -115 | Closed |
|
|
MYIA
110
Mount Yale Investment Advisors
Denver,
Colorado
| – | -$214K | -109 | Closed |
|
|
SWP
111
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$206K | -105 | Closed |
|
|
MCC
112
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$26K | -13 | Closed |
|
113
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$2K | -1 | Closed |
|
AVGOP Hedge Fund Activity: Q2 2022 in Review
99 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A (AVGOP) for Q2 2022, worth a combined $4.95B — down 24% from $6.53B a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new AVGOP positions and 11 closed out — a net gain of 1 holder — while 23 added to existing stakes and 43 trimmed.
The largest buyer was Elequin Capital, adding an estimated $164M. The largest seller was Capital World Investors, cutting an estimated $155M.
- 99 institutional investors held Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A (AVGOP) as of Q2 2022, unchanged from Q1 2022.
- Funds reported $4.95B of Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A stock for Q2 2022, down 24% quarter-over-quarter.
- 12 funds opened new Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A positions in Q2 2022 and 11 closed out, a net change of +1 holder.
- The largest Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A buyer in Q2 2022 was Elequin Capital, an estimated $164M added.
- The largest Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A seller in Q2 2022 was Capital World Investors, an estimated $155M sold.
Based on aggregated 13F filings for Q2 2022.