NEW YORK (Archyde.com) – Investment firms Tiger Global Management, GQG Partners and Capital Group, as well as U.S. investment giant BlackRock and U.S. financial giant JPMorgan & Chase, all joined Taiwan in the fourth quarter of last year. Submissions to regulatory authorities revealed that the company had sold a large amount of shares in TSMC.
Warren Buffett’s Berkshire Hathaway firm said it had slashed its holdings of TSMC’s American Depositary Shares (ADS) by 86.2% to 8.29 million shares, according to documents submitted to regulators on Wednesday. TSMC’s U.S.-listed shares fell 5.3% in trading on Friday.
Tiger Global, a long-short hedge fund, sold all 1.3 million TSMC shares it acquired in the third quarter of last year in the fourth quarter. At today’s prices, it’s worth $119 million.
GQG Partners has reduced its TSMC holding by 63%, leaving 6.7 million shares worth $616.2 million.
Capital Group sold over 9.5 million shares, while JPMorgan and BlackRock each sold about 4 million shares.