Why Top Investors Are Buying Taiwan Semiconductor (TSM)

Core Insights - Institutional investors are significantly increasing their stakes in Taiwan Semiconductor (TSM), indicating strong confidence in the company's leadership in semiconductor manufacturing and its critical role in global technology supply chains [1][10]. Institutional Investor Moves - David Tepper's Appaloosa LP tripled its position in TSM, reflecting a bullish outlook on the company's long-term growth [1]. - Chase Coleman's Tiger Global Management added to its substantial holding, reinforcing confidence in TSM's importance to the AI and computing ecosystem [2]. - Lee Ainslie's Maverick Capital meaningfully increased its exposure, aligning with the hedge fund community's belief in semiconductors as long-term winners [3]. - Stanley Druckenmiller's Duquesne Family Office boosted its TSM stake by over 20%, viewing the stock as a core beneficiary of AI and digitalization trends [4]. - Jeremy Grantham's Grantham, Mayo, Van Otterloo & Co. made a modest addition, signaling incremental confidence in TSM's fundamentals [5]. - Rich Pzena's Pzena Investment Management slightly increased its position, consistent with a contrarian deep-value approach [6]. - Joel Greenblatt's Gotham Asset Management inched higher, maintaining a small but positive allocation to TSM [7]. - Chris Davis initiated a new position in TSM, adding it to his portfolio of high-quality global holdings [8]. - Mario Gabelli's GAMCO Investors also opened a small new stake, recognizing TSM's strategic value [13]. Summary of Changes - Significant increases in shares held by various institutional investors include: - Appaloosa LP: +755,000 shares valued at $0.23 billion [9]. - Tiger Global Management: +336,900 shares valued at $1.04 billion [9]. - Maverick Capital: +301,881 shares valued at $0.40 billion [9]. - Duquesne Family Office: +166,305 shares valued at $0.17 billion [9]. - Grantham, Mayo, Van Otterloo: +21,369 shares valued at $0.04 billion [9]. - Pzena Investment Management: +1,030 shares valued at $0.01 billion [9]. - Gotham Asset Management: +235 shares valued at $0.00 billion [9]. - GAMCO Investors: New position [13].