15 High Growth Mega Cap Stocks You Can Buy and Hold For Next 3 Years

4. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holdings: 187

Integrity Alliance LLC. increased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by a whopping 418.6% during the first quarter. According to the latest filing with the SEC, the firm now owns 7,058 shares of the company’s stock, following the purchase of 5,697 shares, worth $1,172,000.

The company’s aggressive reinvestment, solid balance sheet, and leadership in R&D are sending its stock soaring. While the giant’s year-to-date return surpasses the market’s return by 20.85%, the 3-year return delivered by Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) outperforms the market’s by an impressive 171.55%.

The world’s largest contract chip manufacturer didn’t build its strong portfolio overnight; it’s definitely the outcome of management’s commitment to reinvesting heavily in business, and this is what sets Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) apart. Just recently, it announced the launch of an AI chip R&D center in Germany, which is home to AI. With that being said, everything adds up to one thing: the company has a clear strategy and is executing it well.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwan-based provider of integrated circuits and other semiconductor devices. Incorporated in 1987, the giant is focused on becoming the most trusted technology company.