BlackRock Amends Broadcom Stake: Passive Ownership Update

Ticker: AVGO · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, broadcom

TL;DR

**BlackRock updated its Broadcom stake, still a big passive holder.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Broadcom Inc. as of December 31, 2023. This amendment, number 5, indicates BlackRock's continued significant, but passive, stake in Broadcom. This matters to investors because BlackRock, a major institutional investor, holds a substantial position, signaling confidence in Broadcom's long-term prospects, even if their percentage ownership has slightly changed.

Why It Matters

This filing shows BlackRock's updated, passive ownership in Broadcom, providing transparency on a major institutional investor's position and its confidence in the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company control.

Analyst Insight

Investors should note that a major institutional investor like BlackRock continues to hold a position in Broadcom, which can be seen as a vote of confidence, but this filing itself doesn't suggest any immediate buying or selling action.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.

Who is the 'Name of Issuer' in this filing?

The 'Name of Issuer' is Broadcom Inc., with CUSIP Number 11135F101.

Who is the 'Names of reporting persons' in this filing?

The 'Names of reporting persons' is BlackRock, Inc.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the checked box.

From the Filing

0001086364-24-004241.txt : 20240126 0001086364-24-004241.hdr.sgml : 20240126 20240126114940 ACCESSION NUMBER: 0001086364-24-004241 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Broadcom Inc. CENTRAL INDEX KEY: 0001730168 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 352617337 FISCAL YEAR END: 1029 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90853 FILM NUMBER: 24565805 BUSINESS ADDRESS: STREET 1: 3421 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 650-427-6000 MAIL ADDRESS: STREET 1: 3421 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 FORMER COMPANY: FORMER CONFORMED NAME: Broadcom Ltd DATE OF NAME CHANGE: 20180201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us11135f1012_012624.txt us11135f1012_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) Broadcom Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 11135F101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 11135F101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 31620077 (6) Shared voting power 0 (7) Sole dispositive power 34702372 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 34702372 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Broadcom Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1320 RIDDER PARK DRIVE SAN JOSE CA 95131 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, resi

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