Jim Cramer's Charitable Trust sold 40 shares of Broadcom at roughly $335 each, reducing its stake to 120 shares and cutting AVGO's portfolio weighting to 1% from 1.36%, and realized a 312% gain on shares bought in August 2023. It also sold 75 shares of Capital One Financial at roughly $201, leaving 600 shares and lowering COF's weighting to 3.1% from about 3.45%. The trades are framed as trimming AI exposure after a modest rebound and protecting against downside as AI stocks face rising cost of capital. Capital One was also downgraded to a hold-equivalent 2 rating ahead of earnings, reflecting disappointment with front-loaded investments tied to its Discover and Brex acquisitions. The trust has been adding Bank of New York, which the article says lacks Capital One's credit exposure and sensitivity to high oil prices and inflation.
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