Summary of Recent 13F Filings
In the latest Form 13F filings dated February 17, several prominent billionaires reduced or exited their stakes in Meta Platforms (NASDAQ: META) during the fourth quarter. Notable sales include Stephen Mandel of Lone Pine Capital selling 1,322,260 shares and Ole Andreas Halvorsen of Viking Global Investors selling 929,003 shares. This marks a shift in investment strategies as these billionaires appear to be moving away from Meta amid concerns over increased capital expenditures tied to AI initiatives, which could impact short-term profits.
Conversely, billionaire investors are increasingly investing in Taiwan Semiconductor Manufacturing (NYSE: TSM), with Philippe Laffont acquiring 556,988 shares and Halvorsen purchasing 970,530 shares. TSMC is recognized for its leading position in chip fabrication, essential for the AI boom, alongside solid performance in other sectors like smartphones and IoT devices. The demand for graphics processing units has further positioned TSMC to command significant pricing power.
