Billionaire families bet on semiconductor, energy stocks in Q1
Finance Billionaire families bet on semiconductor, energy stocks in Q1 Carolina Panthers owner David Tepper looks on before the game against the Atlanta Falcons at Mercedes-Benz Stadium on January 05, 2025 in Atlanta, Georgia. Kevin C. Cox | Getty Images Sport | Getty Images Private investment firms of the ultra-wealthy doubled down on chipmakers in the first quarter of 2026 despite pressures from the Iran war, according to securities filings analyzed by CNBC. Several family offices also leaned into energy producers as the Middle East conflict drove oil prices up, though others opted to lock in their gains. David Teppers family office Appaloosa Management raised its stake in by 11%, making the chipmaker its second-largest holding, at $562.5 million, at the end of March. Appaloosa also increased its stake in by 18%, to $448.6 million, and disclosed a new $179 million position in . Duquesne Family Office, the personal investment firm of Stanley Druckenmiller, also disclosed a new position in valued at $24 million as well as a $161 million position in . Soros Fund Management, the namesake firm of George Soros, raised its position by 61%, to $187 million, making it one of the family offices top 10 holdings. Some of these moves were fortuitous, with semiconductor









