Published on 16 Feb 2023 on Insider Monkey via Yahoo Finance
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Berkshire Hathaway’s Warren Buffett is known to shake markets with his investment moves. In Q4 2022, Warren Buffett significantly reduced his investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) only a few months after disclosing a substantial stake. This rapid turnaround by the famous stock picker has spooked investors, and sentiment towards the chip giant has dampened as a result. Berkshire Hathaway reduced its ownership of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s American depositary receipts by 86% in the fourth quarter, according to the latest filings. If Berkshire sold the shares at the average price during that time, the sale of the stake would have raked in $3.7 billion. In the wake of this announcement, the stock prices of the world's largest chip manufacturer declined by up to 4% in Taipei, contributing to widespread losses in the market.
Tony Huang, vice president at Taishin Securities Investment Advisory Co, told Bloomberg on February 15: