WASHINGTON: Warren Buffett slashed his holding of Taiwan Semiconductor Manufacturing Co just months after disclosing a major stake, an unusually quick reversal by the legendary stock picker that’s chilling investor sentiment toward the chip giant.
Buffett’s Berkshire Hathaway Inc cut its holding of TSMC’s American depositary receipts by 86% last quarter, according to the latest filing. Assuming it sold them at the average price over the period, the stake sale would have fetched $3.7 billion.
