SGA U.S. Large Cap Growth Strategy Bets on Broadcom (AVGO), a Leading Semiconductor and Infrastructure Software Company

5 days ago 6

Soumya Eswaran

Wed, February 11, 2026 astatine 6:56 AM CST 4 min read

Sustainable Growth Advisers (SGA), an concern absorption company, released its fourth-quarter capitalist missive for its “U.S. Large Cap Growth Strategy.” A transcript of the missive tin beryllium downloaded here. In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% instrumentality for the Russell 1000 Growth Index and 2.7% summation for the S&P 500 Index. Rising volatility, coupled with broadening marketplace leadership, improved the portfolio’s comparative show successful the 2nd fractional of the quarter. In 2025, the Portfolio faced its astir challenging years since the firm's inception successful 2003. After a challenging year, the steadfast is encouraged by the robust maturation imaginable successful its portfolio and its historically charismatic comparative valuation. Progressing further, the portfolio is well-positioned to summation from a displacement distant from precocious momentum dynamics successful U.S. markets and a broadening of marketplace leadership. Please reappraisal the Strategy’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, SGA U.S. Large Cap Growth Strategy highlighted stocks similar Broadcom Inc. (NASDAQ:AVGO). The strategy established a presumption successful Broadcom Inc. (NASDAQ:AVGO), a starring semiconductor and infrastructure bundle solutions company, during the quarter. On February 10, 2026, Broadcom Inc. (NASDAQ:AVGO) banal closed astatine $340.44 per share. One-month instrumentality of Broadcom Inc. (NASDAQ:AVGO) was 0.16%, and its shares are up 44.04% implicit the past 12 months. Broadcom Inc. (NASDAQ:AVGO) has a marketplace capitalization of $1.614 trillion.

SGA U.S. Large Cap Growth Strategy stated the pursuing regarding Broadcom Inc. (NASDAQ:AVGO) successful its 4th fourth 2025 capitalist letter:

"During the quarter, we initiated a below-average value presumption successful starring semiconductor and infrastructure bundle institution Broadcom Inc. (NASDAQ:AVGO). Broadcom’s ongoing translation from a supplier of customized ASICs to a afloat rack-scale solutions vendor, including scale-up networking, marks a important betterment successful its strategical positioning compared to earlier successful the year. This strategical improvement has been validated by caller merchandise launches, specified arsenic the Scale-up Ethernet solution, and committed orders from large customers similar Anthropic. Broadcom is besides diversifying its lawsuit base, expanding from 3 to 5 qualified customers with acquisition commitments, and accelerating accumulation measurement timelines for aboriginal prospective clients. The displacement successful AI request from grooming to inferencing is creating much disposable and unchangeable gross streams, arsenic inferencing workloads person grown rapidly, driven by innovations successful agelong discourse windows and agentic workloads.