Eight high-profile money managers reduced or exited positions in Micron Technology during the second quarter amid a broader pivot to AI-linked stocks.
Eight billionaire-led investment firms, including Citadel Advisors and Two Sigma Investments, reduced or eliminated their stakes in Micron Technology (MU) during the second quarter, according to regulatory filings. The moves contrast with Micron’s 228% year-to-date gain and its recent ascent to a trillion-dollar market capitalization, driven by surging demand for high-bandwidth memory chips.
Micron’s strong performance in the first half of 2026 had positioned it as a standout in the AI hardware sector. However, the filings revealed a shift among elite investors toward Taiwan Semiconductor Manufacturing (TSM), the world’s leading chip foundry, as an alternative AI-focused play. The divergence highlights evolving preferences within the semiconductor space despite Micron’s robust fundamentals.
The 13F filings, which disclose quarterly holdings of institutional investment managers, serve as a barometer for trends among sophisticated investors. While Micron’s stock has rallied sharply, the exits by prominent funds suggest a recalibration of risk or a reallocation toward other high-conviction AI infrastructure stocks.