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Ultra-Wealthy Family Offices Surge Into Semiconductors Amid Geopolitical Turmoil

Private investment vehicles controlled by billionaires increased semiconductor holdings during the first quarter of 2026, betting that chip stocks would outperform despite Middle East tensions. Several family offices also raised exposure to energy stocks as oil prices skyrocketed.

Appaloosa Management, backed by David Tepper, expanded its Micron Technology stake by 11 percent to make it the firm's second-largest position at $562 million. The office also raised Taiwan Semiconductor holdings by 18 percent to $448.6 million and deployed $179 million into Sandisk.

Duquesne Family Office, controlled by Stanley Druckenmiller, opened new positions in Sandisk and Broadcom valued at $24 million and $161 million respectively. George Soros' family office lifted its Nvidia stake 61 percent to $187 million.

The bets have already generated significant returns, with Sandisk and Micron shares each climbing roughly 50-60 percent over the past month.