5 Best Stocks To Buy Now According To Billionaire Cliff Asness

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In this article, we discuss the 5 best stocks to buy now according to billionaire Cliff Asness. If you want to read about some more stocks in the Asness portfolio, go directly to 13 Best Stocks To Buy Now According To Billionaire Cliff Asness.

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

Number of Hedge Fund Investors: 105

AQR Capital Management’s Stake: $721.26 million

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese semiconductor manufacturing firm that specializes in producing chips for major entities such as NVIDIA Corporation (NASDAQ:NVDA). AQR Capital Management owned over 6.93 million shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at the end of the fourth quarter of 2023, valued at $721.2 million, representing 1.35% of the portfolio.

Simon Coles at Barclays maintained an Overweight rating on shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on January 19. The analyst also raised his price target on the stock from $110 to $125.

During the December quarter of 2023, 105 hedge funds held positions in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Fisher Asset Management emerged as the primary investor in the company, increasing its holdings to 31.079 million shares, valued at $3.23 billion.

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