Taiwan Semiconductor Mfg. Co. Ltd. (TSM) Beats Q2 EPS Estimates: Do Hedge Funds Love It?

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What does the smart money think about Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM)?

Of the funds tracked by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), owning 24.68 million shares worth about $579.4 million. Next to Fisher Asset Management is Cliff Asness of AQR Capital Management, who owned 14.09 million shares worth about $330.9 million on March 31. Other members of the smart money with similar optimism includes Simon Sadler’s Segantii Capital, Jim Simons’ Renaissance Technologies, and Howard Marks’ Oaktree Capital Management.

PDT Partners, managed by Peter Muller, created the biggest position in Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) during the first quarter, buying 1.24 million shares worth $29.1 million. Glenn Russell Dubin’s Highbridge Capital Management also initiated a $3.0 million position during the quarter, buying 126,000 shares. However, Fang Zheng’s Keywise Capital Management dumped 1.88 million shares worth $42.18 million. Bernard Horn’s Polaris Capital Management also dumped 17,239 shares worth about $386,000.

Because of bearish sentiment on Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM), we do not recommend going long in this stock at the moment.

Disclosure: None

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