Dan Loeb's Third Point significantly increased its investment in Taiwan Semiconductor Manufacturing Company (TSM) during the second quarter of 2026. According to regulatory filings from mid-August, which reflect holdings as of June 30, the firm boosted its position by over 67%, bringing its total stake to 460,000 shares valued at approximately $219.68 million. This move was part of a broader trend among prominent hedge funds, which appeared to be rotating capital within the semiconductor sector.
This disclosure provides a delayed look at the firm's portfolio adjustments and does not represent a real-time trade. The increased allocation to TSMC coincided with Third Point exiting its positions in other major chip-related companies. Notably, TSMC was listed as one of the top five best-performing investments for Third Point in its second-quarter investor letter.