Buffett Exits TSMC While Hedge Funds Buy

(Bloomberg) — 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 the Chinese mainland and Taiwan, Buffett told investors at its annual meeting earlier this month.