Third Point Exits Five Semiconductor Stakes Totaling $96.1M

Billionaire investor Dan Loeb's Third Point LLC exited five semiconductor-related holdings totaling approximately $96.1 million in the second quarter, according to a quarterly 13F filing submitted to the Securities and Exchange Commission.

### Money Play - Chips & export controls: Export controls and industrial policy are direct semis catalysts, while institutional portfolio reallocations highlight shifting exposure across the supply chain.

## Catalyst Analysis: Portfolio Reallocation in Semis - Revenue / EPS: Not applicable to portfolio 13F filings. - Forward Guidance / CapEx / segment drivers: Third Point fully liquidated positions in Nvidia Corp. worth $33.1 million, Broadcom Inc. worth $15.5 million, KLA Corp. worth $16.2 million, Lam Research Corp. worth $16 million, and the VanEck Semiconductor ETF worth $15.3 million.

The capital rotation away from these specific names did not represent a total withdrawal from the sector. Third Point increased its position in Taiwan Semiconductor Manufacturing Co. by 67.3% to bring holdings to 460,000 shares valued at approximately $219.7 million, while also initiating a $94.4 million position in TTM Technologies Inc. to target printed circuit boards and data center hardware.

### Sector Ripple / Impact on Semiconductors Institutional shifts among prominent hedge funds signal granular positioning adjustments within semiconductor sub-sectors rather than a monolithic industry exit, emphasizing selective exposure across foundry operations and infrastructure components.