Buffett Exits TSMC While Hedge Funds Coatue, Tiger Global Buy

Buffett offloaded last of TSMC stake to conclude abrupt exit
TSMC is biggest new buy for Coatue, Tiger Global last quarter

Michael Burry Loaded Up on Regional Bank Stocks Amid Turmoil

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Max Reyes and Jeanny Yu

May 15, 2023 at 10:05 PM UTC

Updated on

May 16, 2023 at 1:29 AM UTC

This article is for subscribers only.

Taiwan Semiconductor Manufacturing Co. drew a mixed verdict from top investors in the first quarter, as Warren Buffett closed out his position while hedge funds Tiger Global Management and Coatue Management added new bets.

Buffett’s Berkshire Hathaway Inc. exited the stock in the first quarter, according to a filing, after the firm slashed its holding by 86% late last year. That move — which sent TSMC shares tumbling and investors spiraling — was motivated by concerns over geopolitical tensions between China and Taiwan, Buffett told investors at its annual meeting earlier this month.