Letters by company
Taiwan Semiconductor Manufacturing CO LTD
4 letters discussing TSM. Everything written about it on this site is on its ticker page.
- Wedgewood Partners Are Hyperscalers Still Magnificent? Wedgewood Partners increased Alphabet, Amazon, Meta Platforms and Microsoft, arguing that their AI infrastructure spending is supported by high-return core businesses and investments that hedge DRAM cost inflation. The firm initiated Hermès, citing its artisan-led supply constraints, durable brand equity and pricing power, while trimming several large technology positions to maintain concentration limits. Second Quarter 2026 +9.4% HRMS AMZN $2.8TGOOGL $4.2TMETA $1.4T
- Artisan Partners Artisan Global Opportunities Fund Quarterly Commentary Artisan Global Opportunities Fund trimmed AMD and Lam Research after valuation gains, reduced Insmed and defense holdings, and initiated GE Aerospace, Corning, STMicroelectronics and Robinhood. The portfolio favors AI infrastructure franchises while seeking earlier-stage opportunities in health care and consumer internet, with valuation discipline guiding position sizes. Q2 2026 +12.4% AMD $773BAS $18BBAESF $89BCOR $61B
- First Eagle Investments Overseas Fund Commentary The Overseas Fund repositioned into international value stocks it considers attractively valued outside mega-cap benchmarks while retaining gold as a strategic hedge against fiscal and geopolitical risk. Samsung Electronics, Samsung Life, Merck, Taiwan Semiconductor and Richemont led holdings discussed, while the team maintained exposure to Shell, Imperial Oil, Alibaba and Jardine Matheson despite near-term pressures. second quarter 2026 +3.2% 032830 $43BBABA $290BCFRHF $136BIMO $66B
- Dodge & Cox Stock Fund Stock Fund Investment Commentary Dodge & Cox Stock Fund initiated positions in Visa, Thermo Fisher Scientific, and KKR after AI-disruption concerns and macro fears pushed their valuations lower. The fund retained conviction in Fidelity National Information Services, Fiserv, and Charter Communications, arguing that their valuation declines overstate risks, while its technology underweight hurt relative results. Second Quarter +5.6% KKR-P-D TMO $231BV $693BCHTR $18B
