market folly

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G with the SEC regarding its position in Broadcom (BRCM).  Per the filing, Viking now owns 5.3% of the company with over 29.71 million shares.

Viking previously disclosed a small stake in BRCM in the first quarter of this year.  However, their most recent 13F filing shows they exited that position in the second quarter.  So now it appears that they've re-entered the name in a big way.  The filing was made due to activity on October 29th.

Broadcom received a bid from Avago Technologies (AVGO) earlier this year and it would be the biggest merger in the chip sector.

Last week we also highlighted other recent portfolio activity from Viking Global.

Per Google Finance, Broadcom is "provides semiconductor solutions for wired and wireless communications. The Company offers a portfolio of system-on-a-chip solutions (SoCs) that deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. The Company's solutions are used globally by manufacturers and are embedded in an array of communications products. The Company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking. Broadcom's solutions in Broadband and Connectivity segment include set-top box solutions, broadband modem solutions, connectivity solutions and a range of other technologies. Its solutions in Infrastructure and Networking segment include Ethernet switches and PHYs, which includes switches and fabrics; copper and optical transceivers; backplane and optical front-end physical layer devices; processors, and other Infrastructure and Networking technologies."