Hedge fund billionaire Daniel Loeb reshuffled his exposure in the semiconductor industry at Third Point LLC in the first quarter of FY26.
The investor opened a new position in Broadcom Inc. (NASDAQ:AVGO), acquiring 50,000 shares in the quarter.
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Meanwhile, the company slashed its holdings in its peers, NVIDIA Corporation (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing Company (NYSE: TSM), during the quarter.
Holdings in NVIDIA were reduced from around 2.95 million shares to 190,000 shares. Loeb sharply cut Taiwan Semiconductor stake from about 425,000 shares to 275,000 shares.
