5 Best Performing S&P 500 Stocks in the Last 10 Years

4. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 72

10-Year Share Price Returns as of November 13: 1990%

San Jose, California-based Broadcom Inc. (NASDAQ:AVGO) is a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions. Its  solutions include data center networking and storage, enterprise, mainframe, and cybersecurity software focused on automation, monitoring and security, smartphone components, telecoms, and factory automation.

On May 26, 2022, Broadcom Inc. (NASDAQ:AVGO) announced that it had agreed to acquire VMware, Inc. (NYSE:VMW), a leading enterprise software solutions provider, in a cash and stock transaction valued at $61 billion. The transaction has received approvals from stockholders as well as all the necessary regulatory jurisdictions, according to the company. The company expects the transaction to close soon.

As of Q2 2023, Broadcom Inc. (NASDAQ:AVGO) was a common component of the portfolios of 72 hedge funds out of the 910 tracked by Insider Monkey. Ken Fisher’s Fisher Asset Management held the most amount of shares among hedge funds, with ownership of nearly 2.0 million shares valued at $1.7 billion.