Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com netizens Rimi Ishihara for the delivery of the clue to happiness! Beijing, February 16 (Xinhua)-- chip contract manufacturing giant TSMC is losing the favor of institutional investors, and Buffett is not the only one who has dumped its stock. Investment companies Tiger Global Fund, BlackRock Group, JPMorgan Chase, GQG Partners and Capital Group were also big sellers of TSMC shares in the fourth quarter, according to regulatory filings.

On Tuesday, local time, Buffett's Berkshire Hathaway announced in a document that only about three months after buying $4.1 billion worth of TSMC shares, the company slashed its American depositary receipts by 86.2% to 8.29 million shares. The news sent TSMC shares down 6 per cent on Wednesday, although they are still up 23.5 per cent so far this year.

Tiger Global Fund, a long-short hedge fund, emptied its 1.3 million TSMC shares in the fourth quarter of last year, worth $119 million at current prices, according to the documents. Like Berkshire, the company bought the shares in the third quarter.

One of TSMC's biggest sellers is GQG Partners, an investment company based in Fort Lauderdale. The company cut its position by 63%, leaving 6.7 million shares worth $616.2 million. GQG has not commented on the matter.

In addition, Capital Group, the fund manager, sold more than 9.5 million TSMC shares. Capital Group declined to comment on its investment decision. JPMorgan Chase and BlackRock each sold about 4 million TSMC shares. JPMorgan declined to comment and BlackRock did not immediately respond to a request for comment.

Berkshire investors are still trying to figure out why Buffett decided to sell most of the company's stake in TSMC. On Tuesday, Charles Munger, Berkshire's director and vice chairman, said TSMC was "the most powerful semiconductor company on the planet", but he did not elaborate on the reasons for the sale.

"I'm a little confused. Maybe Berkshire would rather increase its stake in Apple than hold TSMC," said Bill Smead, chief investment officer of Smead Capital Management, one of Berkshire's investors.

Thomas Thomas Russo, a long-term investor in Berkshire and a partner at law firm Gardner, Russo & Gardner, speculated that Mr Buffett may have seen a change in the environment, which could be bad for TSMC. "Berkshire reserves the right to reallocate funds at any time to deal with the situation".

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