Svmuu reported that regulatory filings show private investment vehicles of ultra-wealthy individuals increased their holdings in chip manufacturers in the first quarter of 2026. Some family offices also added energy producers, betting that Middle East conflicts would push oil prices higher, while others chose to lock in profits. David Tepper's family office Appaloosa Management boosted its position in Micron Technology (MU.O) by 11%, making it the second-largest holding as of the end of March.
Appaloosa also increased its stake in Taiwan Semiconductor Manufacturing Company (TSM.N) by 18% to $448.6 million and established a $178.69 million position in SanDisk (SNDK.O).
Stanley Druckenmiller's private investment firm Duquesne Family Office disclosed a new $24 million position in SanDisk (SNDK.O), as well as a $161 million position in Broadcom (AVGO.O).
George Soros' Soros Fund Management increased its holdings in Nvidia (NVDA.O) by 61% to $187 million.
Duquesne, meanwhile, locked in some gains by liquidating positions in Entegris and ON Semiconductor (ON.O).
Appaloosa also trimmed its Nvidia holdings by 13%. Billionaire family offices adopted different strategies on energy stocks in the context of the Iran conflict. Appaloosa more than doubled its stake in Texas power and generation company Vistra Corp to $304 million, while billionaire hedge fund manager Michael Platt's private investment firm BlueCrest Capital Management liquidated its entire $103 million position in the stock. (Jin Shi)