2 ms·

I think KKR sold Avago/Broadcom years ago but the same CEO and private equity mindset is still there.

• asdff 4mo ago
  Wikipedia's ownership section on broadcom is stale 2024 data but back then at least 10 investment firms and banks owned about 40% of it.
  • ddeck 4mo ago
    Broadcom is publicly listed with a public float of about 98% (i.e. 98% of it's shares are listed publicly). You're right that most shares are held by institutions (~80%), but that typically reflects the fact that most share ownership by individuals/companies goes through intermediaries (401k, fund investments, ETF etc.). Most of this institutional ownership is just asset managers, insurance, banks etc. taking their cut before passing returns/loses through to the end risk holder. The average institutional ownership of companies in the S&P500 for example is also ~80%. None of this takes away from the point that Broadcom is absolutely run like a PE firm as the original commenter noted. Not surprising given the CEO was appointed by KKR/Silverlake 20 years ago. https://finance.yahoo.com/quote/AVGO/holders/?p=AVGO https://finance.yahoo.com/quote/AVGO/holders/?p=AVGO
    • Annatar 4mo ago
      [dead]
    • throw0101a 4mo ago
      > None of this takes away from the point that Broadcom is absolutely run like a PE firm as the original commenter noted. So a public(ly-traded) private equity firm. :)