As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM)
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world’s largest dedicated chip foundry, with over 58% market share in 2020 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC’s scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
A quick look at the price chart below for TSMC shows us that the stock is up 52% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of TSMC include:
(Remaining shares)
Ken Fisher – 25,981,273
Jean-Marie Eveillard – 9,710,936
Cliff Asness – 6,925,052
Ruane Cunniff & Goldfarb – 5,920,645
Jeremy Hosking – 1,171,128
Cath Wood – 397,524
Rich Pzena – 366,943
Israel Englander – 245,130
Jim Simons – 108,289
Paul Tudor Jones – 27,652
Francois Rochon – 9,277
Howard Marks – SOLD OUT
Andreas Halvorsen – SOLD OUT
For all the latest news and podcasts, join our free newsletter here.
Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple:
