12. Seth KlarmanTop Pick: Restaurant Brands International Inc. (NYSE:QSR)
Seth Klarman ranks among the richest hedge fund managers in the world. Accounting for a 10.44% share of the billionaire’s portfolio, Restaurant Brands International Inc. (NYSE:QSR) ranks as Seth Klarman’s top stock pick.
Scotiabank increased its price target for Restaurant Brands International Inc. (NYSE:QSR) to $83 from $81 on May 7, retaining a Sector Perform rating on the company’s shares. The firm stated that Restaurant Brands’ first-quarter performance lacked a significant positive driver to support the company’s year-to-date performance.
The company’s adjusted earnings per share of $0.86 came in above the expected $0.83. In addition, the company reported revenue of $2.26 billion, which surpassed the expected $2.24 billion.
Burger King’s same-store sales performance in the US was a highlight of the quarter. The segment has stabilized after attracting significant investment attention, as the international business continues to do well.
Looking towards 2026 as a whole, the company committed $600 million to $620 million for general and administrative costs, $500 million to $520 million for adjusted interest charges, and approximately $400 million for total capital spending and cash incentives.
Restaurant Brands International Inc. (NYSE:QSR), incorporated in 1954, is a Florida-based quick service restaurant company operating through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings.
11. Steve Cohen
Top Pick: Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Steve Cohen ranks among the richest hedge fund managers in the world. Accounting for a 1.59% share of the billionaire’s portfolio, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among Steve Cohen’s top stock picks.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) demonstrated advancements in its next-gen chipmaking and packaging technology at the 2026 Taiwan Technology Symposium in Hsinchu on May 14.
Executives from the company announced large-scale manufacturing of what they called the largest chip-on-wafer-on-substrate (CoWoS) packaging solution this year, along with the new A13, A12, and N2U processing technologies.
Vice-President Yuan Li-Pen stated that TSMC anticipates starting production in 2028 of a 14-reticle-size CoWoS platform that can include 20 high-bandwidth memory (HBM) chips in response to future demands for high-performance computing.
Following the symposium, Bank of America reaffirmed its Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). The bank contends that concerns about its foundry dominance are unfounded.
The firm believes “recent concerns are overdone” and TSMC’s scale and technology edge in advanced nodes will continue to increase the gap with its competitors, said analyst Haas Liu. Liu maintained a price objective of TWD 2,560 (Taiwan dollars) on the company stock.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese semiconductor manufacturer. The company’s core offerings include wafer fabrication, mask manufacturing, and engineering support services.
