Forty-nine of the top-200 alpha cohort initiated positions in $AVGO during Q1 2026, while 3 added, 8 trimmed, and 3 exited — a lopsided quarter by any measure. The headline adder was Coatue Management (Philippe Laffont), which lifted its weight to 5.86% (+1.09pp). Seaview Investment Managers made the sharpest percentage move among adders, going from 0.21% to 3.13% (+2.92pp).
Among the initiations, Duquesne Family Office opened at 1.80%, Eastover Investment Advisors at 5.22%, and BNP Paribas at 3.48% — three meaningfully sized entries that skew the initiation cohort well above token positions. On the trim side, Vista Investment Partners remains the largest single holder at 11.04% despite cutting -2.35pp; Certior Financial Group executed the steepest proportional reduction, falling from 5.82% to 0.13% (-5.68pp), and Rokos Capital Management trimmed from 2.68% to 0.67% (-2.02pp).
Across all 93 cohort holders, the average position weight sits at 1.17%, with a range of 0.00% to 11.04%. The distribution is heavily right-skewed: Vista's 11.04% and Coatue's 5.86% account for an outsized share of aggregate cohort weight, while the median new initiation lands well below 1.00%.
Forty-nine initiations in a single quarter is a structurally unusual number; the majority are sub-1% positions, which reads more like index-adjacent accumulation than conviction entry. Three exits (Basepoint Wealth, Paragon Capital Management, BIT Capital GmbH) are negligible in context.