Cramer trust trims Broadcom profits and downgrades Capital One to hold-equivalent

CNBC · 13 hours ago
Cramer trust trims Broadcom profits and downgrades Capital One to hold-equivalent
  • The trust sold 40 Broadcom shares at roughly $335, cutting AVGO's portfolio weighting to 1% from 1.36%.
  • The trust sold 75 Capital One Financial shares at roughly $201, cutting COF's portfolio weighting to 3.1% from about 3.45%.
  • The Broadcom sale realizes a 312% gain on shares bought in August 2023, and the Capital One sale realizes a roughly 13% gain on shares bought in March 2025.
  • The trust cited rising cost of capital as pressure on AI stocks and trimmed AI exposure after the group's modest rebound over the past two sessions.
  • The Capital One downgrade reflects disappointment with front-loaded investments tied to its Discover and Brex acquisitions, which have limited outsized profit beats. The trust said the sale is not a call on the upcoming earnings report.
  • The trust has added financial exposure through purchases of Bank of New York, which lacks Capital One's credit exposure and sensitivity to high oil prices and inflation.

Quotes

“We're trimming a small amount of our AI exposure following the group's modest rebound over the past two sessions.”— Jeff Marks
“reflects some of our disappointment with how front-loaded investments to unlock growth from its Discover and Brex acquisitions have been”— Jeff Marks

Sources