Super-rich family offices increased chip stocks in Q1, with mixed views on energy stocks
Odaily Odaily reported that regulatory filings show private investment vehicles of the ultra-wealthy continued to increase holdings in chipmakers in the first quarter of 2026. Some family offices also boosted positions in energy producers to bet on rising oil prices amid the Middle East conflict, while others opted to lock in profits. David Tepper's family office, Appaloosa Management, raised its stake in Micron Technology (MU.O) by 11%, making it the firm's second-largest holding as of the end of March.
Appaloosa also increased its position in TSMC (TSM.N) by 18% to $448.6 million and established a new $79 million position in SanDisk (SNDK.O).
Stanley Druckenmiller's private investment firm, Duquesne Family Office, also disclosed a new $24 million position in SanDisk (SNDK.O) and a $161 million holding in Broadcom (AVGO.O).
George Soros's Soros Fund Management raised its stake in Nvidia (NVDA.O) by 61% to $187 million.
Duquesne, meanwhile, locked in some profits by liquidating positions in Entegris and ON Semiconductor (ON.O).
Appaloosa also trimmed its Nvidia holdings by 13%. Against the backdrop of the Iran conflict, billionaire family offices adopted different strategies towards energy stocks. Appaloosa more than doubled its position in Texas-based power 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)
