Big investment firms including Macquarie Group Ltd , Fidelity and hedge funds Tiger Global Management and Coatue Management LLC were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC , in the first quarter, according to regulatory filings.
During Berkshire's annual meeting earlier this month, Buffett said TSMC is a "marvelous company," but he feels more comfortable with investingThe so-called 13-F filings, which disclose investment firms' portfolios, are closely watched for trends even though the data is released with a delay and can be dated.
Macquarie added roughly 78 million new American Depositary Shares of TSMC to an existing position, and ended March with $7.3 billion in the company. Fidelity bought 14.1 million new shares, increasing its bet on the company to nearly $4 billion. Coatue, founded by Philippe Laffont, built a new position in the chipmaker as it bought 5.9 million shares, worth $548.9 million. Tiger acquired $147.8 million in shares.Reporting by Carolina Mandl, in Sao Paulo; Editing by Ira Iosebashvili and Anna Driver
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