Billionaire hedge fund raises TSMC stake 67% on strong earnings and capital expansion

Daniel Loeb's Third Point hedge fund increased its stake in TSMC by 67% during the second quarter, bringing its position to 460,000 shares as of June 30, according to a 13F filing disclosed on August 31. The investment move reflects confidence in the chipmaker's business amid accelerating profit growth and record capital spending. In the second quarter, TSMC earned net income of $22 billion, up 77.4% year-over-year and exceeding analyst expectations by roughly $1.35 billion. Revenue climbed to $39.45 billion, a 36% increase, while July revenue surged 44.7% year-over-year. The company raised its 2026 capital spending forecast to $60 billion-$64 billion, directing 70%-80% toward advanced process technologies as demand from AI, high-performance computing and emerging AI agents drives expansion needs. Third Point's increased position highlights investor appetite for TSMC as the dominant chipmaker navigates strong demand for advanced semiconductors.

1. Daniel Loeb's Third Point raised its TSMC stake from 275,000 shares at end of March to 460,000 shares as of June 30, 2026, a 67% increase
2. TSMC reported second-quarter 2026 net income of $22 billion, up 77.4% year-over-year and above the consensus estimate of $17.95 billion
3. Second-quarter revenue was $39.45 billion, up 36% year-over-year and above the NT$1.264 trillion consensus estimate
4. July 2026 revenue jumped 44.7% year-over-year to NT$467.58 billion
5. TSMC raised its 2026 capital spending forecast to $60 billion-$64 billion, with 70%-80% directed toward advanced process technologies
6. Third-quarter 2026 revenue is expected to range between $44.6 billion and $45.8 billion, with gross margin of 65%-67% and operating margin of 56%-58%
7. TSMC's Arizona operations generated $1.13 billion in cumulative profit in the first half of 2026, more than double 2025's full-year profit of $504.6 million
8. TSMC will produce three new semiconductor chips for Xiaomi and invest $6.3 billion alongside Sony in an image sensor plant in Japan