Hedge Funds Dump Broadcom, Buy TSMC in Q2 as Alphabet Shift Fears Hit AVGO
Updated
Updated · 24/7 Wall St. · Aug 16
Hedge Funds Dump Broadcom, Buy TSMC in Q2 as Alphabet Shift Fears Hit AVGO
3 articles · Updated · 24/7 Wall St. · Aug 16
Summary
Q2 13F filings showed major hedge funds rotating out of Broadcom and into Taiwan Semiconductor, with Third Point and Duquesne exiting Broadcom while adding to TSMC.
322,500 shares were added by Appaloosa to lift its TSMC stake to 1.65 million, while Third Point bought 185,000 and Duquesne 94,400; Tepper was the lone manager to also open a 150,000-share Broadcom position.
Broadcom has lagged the chip rally, falling 8.13% in the past week after SemiAnalysis research fueled concern that Alphabet is shifting some custom-chip work toward AMD and MediaTek.
That pressure comes despite Broadcom reporting $22.2 billion in Q2 FY2026 revenue and forecasting $16 billion in Q3 AI silicon sales, while TSMC raised 2026 growth guidance to slightly above 40% and lifted capex to $60 billion-$64 billion.