By Eric Bleeker
Publication Date: 2026-08-16 22:13:00
Quick Read
Three major hedge funds piled into TSM while dumping AVGO, with TSM gaining 41% YTD versus AVGO’s 8% single-week drop.
Druckenmiller exited Intel and Micron while opening new positions in LRCX, AMD, and Entegris, signaling selective bets on process equipment over legacy chips.
Despite AVGO posting 48% revenue growth with AI sales up 143%, funds sold over six-customer concentration risk and 230 basis-point margin compression.
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Second-quarter 13F filings, disclosed late last week for positions held as of June 30, tell a clear story inside the semiconductor trade: the biggest hedge funds rotated out of Broadcom (NASDAQ:AVGO) and into Taiwan Semiconductor Manufacturing (NYSE:TSM). Let’s…
