In a significant portfolio shift, Baillie Gifford increased its holding in Broadcom (AVGO) by over 1,300% during the second quarter of 2026. According to its latest 13F filing, the asset manager's position grew from 95.73K shares to 1.36M shares, with the reported value soaring from $29.63M to $512.97M. It's important to remember that 13F filings are delayed disclosures, reflecting a company's portfolio as of June 30, 2026.
In a quarterly update from the same period, Baillie Gifford highlighted its conviction in Broadcom, calling it a "critical provider of custom AI silicon." The move stands in contrast to several other major hedge funds that reduced their positions in the semiconductor giant during the same quarter. The increased investment coincided with a period of strong performance for Broadcom, which reported a 143% year-over-year increase in AI semiconductor revenue for its second quarter.