From Yahoo Finance: 2025-05-28 09:40:00

Sands Capital released its Q1 2025 investor letter for the Sands Capital Technology Innovators Fund, which focuses on pioneering tech businesses globally. The fund returned -10.4% in the first quarter, compared to a benchmark return of 9.4%. The software sector’s securities were the primary factor impacting relative performance negatively.

Taiwan Semiconductor Manufacturing Company Limited (TSM) was highlighted in Sands Capital’s Q1 2025 investor letter. TSM manufactures, packages, tests, and sells integrated circuits and other semiconductor devices. TSM stock had a one-month return of 18.59% and gained 28.08% over the last 52 weeks, closing at $197.68 per share on May 27, 2025, with a market cap of $1.025 trillion.

Sands Capital Technology Innovators Fund discussed TSM in its Q1 2025 investor letter, highlighting its position as the world’s largest producer of leading-edge logic chips and its revenue growth from AI accelerators. Despite near-term volatility, TSMC is seen as a key beneficiary of AI chip demand, with revenue from AI accelerators expected to double again in 2025.

Taiwan Semiconductor Manufacturing Company Limited (TSM) is listed as the 9th most popular stock among hedge funds. 187 hedge fund portfolios held TSM at the end of the first quarter, indicating a strong interest in the stock. While TSM shows potential as an investment, some believe that AI stocks offer greater promise for higher returns in a shorter timeframe.

Read more: Taiwan Semiconductor Manufacturing Company Limited (TSM) Slid due to Broader Market Correction