Bristol Gate Capital Partners released its Q3 2025 investor letter for the US Equity Strategy, noting underperformance against the S&P 500® Total Return Index due to lack of exposure to AI/TMT and Value sectors. The portfolio saw 15% dividend growth over 12 months and outperformed in that area. Check top five holdings for 2025 picks.

Bristol Gate US Equity Strategy highlighted Broadcom Inc. (NASDAQ:AVGO) in Q3 2025 investor letter. Broadcom is a technology company with -8.31% one-month return and 50.90% 52-week share value gain. On Dec 30, 2025, stock closed at $349.85 per share with $1.659 trillion market cap.

Bristol Gate US Equity Strategy noted Broadcom Inc. (NASDAQ:AVGO) beat revenue and EPS expectations in Q3, with significant customer orders for XPU products driving expected AI revenue growth in fiscal 2026 to exceed 50-60%. AVGO expects backlog of $110B with over 50% from semiconductors, focusing on hyperscaler market.

Broadcom Inc. (NASDAQ:AVGO) ranks 12th in the 30 Most Popular Stocks Among Hedge Funds list. 183 hedge fund portfolios held AVGO at the end of Q3 2025. In fiscal Q3 2025, AVGO reported record revenue of $16 billion, up 22% YoY. While AVGO has potential, other AI stocks may offer greater upside potential.

Read more at Yahoo Finance: NVDA’s Demand Today is Broadcom’s (AVGO) Opportunity Tomorrow