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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Private investment firms of the ultra-wealthy doubled down on chipmakers in the first quarter of 2026 despite pressures from the Iran war, according to securities filings analyzed by CNBC. Several family offices also leaned into energy producers as the Middle East conflict drove oil prices up, though others opted to lock in their gains.
David Tepper’s family office Appaloosa Management raised its stake in Micron Technology
by 11%, making the chipmaker its second-largest holding, at $562.5 million, at the end of March. Appaloosa also increased its stake in Taiwan Semiconductor
