Janus Henderson Investors released its second-quarter 2025 investor letter for the Janus Henderson Forty Fund, which returned 19.34% in the quarter. Stock selection in tech and industrials sectors contributed to performance, while healthcare detracted. US equities performed well despite tariff concerns in April. Check the fund’s top five holdings for best picks in 2025.

In the second-quarter investor letter, Janus Henderson Forty Fund highlighted Broadcom Inc. (NASDAQ:AVGO), which designs semiconductor solutions. The one-month return of AVGO was -0.11%, with shares gaining 82.65% over 52 weeks. On August 29, 2025, AVGO closed at $297.39 per share, with a market cap of $1.4 trillion.

Janus Henderson Forty Fund noted Broadcom Inc. (NASDAQ:AVGO) as a top contributor in AI infrastructure. The semiconductor company benefits from hyperscalers’ interest in merchant silicon, leading in custom silicon development for specific workloads. Custom silicon gains share over merchant chips, making Broadcom a clear beneficiary of this shift.

Broadcom Inc. (NASDAQ:AVGO) ranks 12th among the 30 Most Popular Stocks Among Hedge Funds. In Q2 2025, 156 hedge fund portfolios held AVGO, compared to 158 in the previous quarter. AVGO reported record revenue of $15 billion in Q2 2025, up 20% YoY. Consider other AI stocks with greater upside potential and less downside risk.

Read more at Yahoo Finance: Here’s What Lifted Broadcom (AVGO) in Q2