TAIWAN SEMICONDUCTOR MFG LTD TSM
SPONSORED ADS · ADR · CUSIP 874039100 · ISIN US8740391003
Semiconductor foundry company headquartered in Taiwan
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($505.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $165.71. Options: 84 managers hold calls ($9.4bn notional), 77 hold puts ($15.5bn).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,305 |
| Q4 2022 | 1,403 |
| Q1 2023 | 1,501 |
| Q2 2023 | 1,571 |
| Q3 2023 | 1,530 |
| Q4 2023 | 1,683 |
| Q1 2024 | 1,914 |
| Q2 2024 | 2,109 |
| Q3 2024 | 2,193 |
| Q4 2024 | 2,467 |
| Q1 2025 | 2,444 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 707 | 716 |
| Q3 2023 | 751 | 665 |
| Q4 2023 | 815 | 637 |
| Q1 2024 | 1,007 | 746 |
| Q2 2024 | 1,144 | 778 |
| Q3 2024 | 1,094 | 889 |
| Q4 2024 | 1,152 | 936 |
| Q1 2025 | 1,299 | 1,058 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $8.8bn | $13.9bn | 1.59 |
| Q3 2024 | $7.7bn | $14.2bn | 1.83 |
| Q4 2024 | $11.3bn | $17.5bn | 1.55 |
| Q1 2025 | $9.4bn | $15.5bn | 1.65 |
Biggest buyers
| New Vernon Capital Holdings II LLC | Added | +6.7m |
| SANDS CAPITAL MANAGEMENT, LLC | Added | +3.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +3.1m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +3.1m |
| BANK OF AMERICA CORP /DE/ | Added | +2.7m |
| JENNISON ASSOCIATES LLC | Added | +2.6m |
| D. E. Shaw & Co., Inc. | Added | +2.4m |
| GOLDMAN SACHS GROUP INC | Added | +2.3m |
| Capital International Investors | Added | +2.2m |
| PineStone Asset Management Inc. | Added | +2.1m |
Biggest sellers
| Fisher Asset Management, LLC | Reduced | -10.3m |
| FMR LLC | Reduced | -6.6m |
| JPMORGAN CHASE & CO | Reduced | -6.3m |
| Capital World Investors | Reduced | -4.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -3.1m |
| BlackRock, Inc. | Reduced | -2.6m |
| Artisan Partners Limited Partnership | Reduced | -2.3m |
| Fiera Capital Corp | Reduced | -2.2m |
| COATUE MANAGEMENT LLC | Reduced | -2.0m |
| VAN ECK ASSOCIATES CORP | Reduced | -2.0m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.3bn13.7m shares |
| ALKEON CAPITAL MANAGEMENT LLC | Added | $1.2bn7.4m shares |
| CITADEL ADVISORS LLC | Reduced | $1.0bn6.1m shares |
| JANE STREET GROUP, LLC | Reduced | $793.7m4.8m shares |
| UBS Group AG | Added | $426.8m2.6m shares |
| IMC-Chicago, LLC | Reduced | $341.4m2.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $306.2m1.8m shares |
| BARCLAYS PLC | Added | $263.8m1.6m shares |
| CTC LLC | Added | $254.8m1.5m shares |
| MAPLELANE CAPITAL, LLC | Added | $240.7m1.4m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.9bn17.2m shares |
| JANE STREET GROUP, LLC | Added | $2.0bn12.2m shares |
| CITADEL ADVISORS LLC | Reduced | $1.2bn7.0m shares |
| PEAK6 LLC | Added | $1.1bn6.4m shares |
| UBS Group AG | Reduced | $980.9m5.9m shares |
| GOLDMAN SACHS GROUP INC | Added | $632.8m3.8m shares |
| JPMORGAN CHASE & CO | Reduced | $486.9m2.9m shares |
| Parallax Volatility Advisers, L.P. | Added | $476.4m2.9m shares |
| HSBC HOLDINGS PLC | Added | $475.9m2.9m shares |
| SIMPLEX TRADING, LLC | Added | $466.7m2.8m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.55% of their portfolio | 52.0m $8.6bn | Reduced -6.6m |
| Sanders Capital, LLC 10.30% of their portfolio | 41.5m $6.9bn | Reduced -353.7k |
| Capital World Investors 0.83% of their portfolio | 30.8m $5.1bn | Reduced -4.8m |
| JPMORGAN CHASE & CO 0.35% of their portfolio | 27.5m $4.6bn | Reduced -6.3m |
| Capital International Investors 0.80% of their portfolio | 24.5m $4.1bn | Added +2.2m |
| MORGAN STANLEY 0.23% of their portfolio | 19.0m $3.2bn | Added +675.6k |
| Fisher Asset Management, LLC 1.29% of their portfolio | 18.0m $3.0bn | Reduced -10.3m |
| Bank of New York Mellon Corp 0.58% of their portfolio | 17.6m $2.9bn | Reduced -1.8m |
| VAN ECK ASSOCIATES CORP 3.74% of their portfolio | 17.4m $2.9bn | Reduced -2.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.87% of their portfolio | 15.8m $2.6bn | Reduced -1.9m |
| BANK OF AMERICA CORP /DE/ 0.22% of their portfolio | 14.7m $2.4bn | Added +2.7m |
| BlackRock, Inc. 0.05% of their portfolio | 14.6m $2.4bn | Reduced -2.6m |
| GOLDMAN SACHS GROUP INC 0.42% of their portfolio | 13.4m $2.2bn | Added +2.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.25% of their portfolio | 12.4m $2.1bn | Added +2.0m |
| WCM INVESTMENT MANAGEMENT, LLC 4.13% of their portfolio | 9.7m $1.6bn | Added +59.1k |
| JENNISON ASSOCIATES LLC 1.11% of their portfolio | 9.5m $1.6bn | Added +2.6m |
| ALLIANCEBERNSTEIN L.P. 0.53% of their portfolio | 8.9m $1.5bn | Added +2.1m |
| UBS Group AG 0.31% of their portfolio | 8.3m $1.4bn | Reduced -369.5k |
| SANDS CAPITAL MANAGEMENT, LLC 4.53% of their portfolio | 8.0m $1.3bn | Added +3.6m |
| COATUE MANAGEMENT LLC 5.83% of their portfolio | 8.0m $1.3bn | Reduced -2.0m |
| Fiera Capital Corp 4.65% of their portfolio | 7.8m $1.3bn | Reduced -2.2m |
| FRANKLIN RESOURCES INC 0.36% of their portfolio | 7.4m $1.2bn | Reduced -1.1m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 3.43% of their portfolio | 7.4m $1.2bn | Reduced -360.4k |
| JANUS HENDERSON GROUP PLC 0.64% of their portfolio | 7.1m $1.2bn | Reduced -309.7k |
| GQG Partners LLC 1.83% of their portfolio | 6.9m $1.2bn | Reduced -891.0k |
| PineStone Asset Management Inc. 8.50% of their portfolio | 6.8m $1.1bn | Added +2.1m |
| New Vernon Capital Holdings II LLC 0.92% of their portfolio | 6.7m $40.4k | Added +6.7m |
| NORTHERN TRUST CORP 0.16% of their portfolio | 6.3m $1.0bn | Added +57.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.04% of their portfolio | 6.2m $1.0bn | Reduced -315.0k |
| ALKEON CAPITAL MANAGEMENT LLC 6.05% of their portfolio | 6.2m $1.0bn | Reduced -17 |
| Harding Loevner LP 7.31% of their portfolio | 5.7m $954.6m | Reduced -331.0k |
| First Eagle Investment Management, LLC 1.98% of their portfolio | 5.6m $937.1m | Added +6.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.50% of their portfolio | 5.4m $895.8m | Added +3.1m |
| WELLS FARGO & COMPANY/MN 0.21% of their portfolio | 5.3m $882.1m | Added +1.6m |
| EAGLE CAPITAL MANAGEMENT LLC 3.12% of their portfolio | 5.2m $855.0m | Reduced -40.5k |
| ROYAL BANK OF CANADA 0.19% of their portfolio | 5.1m $851.4m | Reduced -1.9m |
| VIKING GLOBAL INVESTORS LP 2.58% of their portfolio | 4.9m $811.6m | Added +799.6k |
| JANE STREET GROUP, LLC 1.45% of their portfolio | 4.9m $807.2m | Reduced -512.6k |
| BARCLAYS PLC 0.37% of their portfolio | 4.8m $803.4m | Reduced -127.0k |
| AMERICAN CENTURY COMPANIES INC 0.49% of their portfolio | 4.8m $792.6m | Reduced -170.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.15% of their portfolio | 4.7m $786.7m | Added +518.5k |
| Russell Investments Group, Ltd. 1.07% of their portfolio | 4.7m $778.4m | Reduced -75.5k |
| BROWN ADVISORY INC 1.10% of their portfolio | 4.6m $770.9m | Reduced -76.8k |
| LAZARD ASSET MANAGEMENT LLC 1.13% of their portfolio | 4.5m $739.1m | Added +188.1k |
| TIGER GLOBAL MANAGEMENT LLC 2.65% of their portfolio | 4.2m $704.1m | Added +606.5k |
| Clearbridge Investments, LLC 0.58% of their portfolio | 4.0m $668.5m | Reduced -111.3k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 4.0m $658.3m | Reduced -360.9k |
| LONE PINE CAPITAL LLC 5.62% of their portfolio | 3.9m $641.7m | Added +104.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio | 3.7m $618.7m | Reduced -52.1k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 3.6m $592.7m | Reduced -80.5k |
| HSBC HOLDINGS PLC 0.37% of their portfolio | 3.4m $556.1m | Added +987.4k |
| CITIGROUP INC 0.42% of their portfolio | 3.3m $547.3m | Added +1.4m |
| Artisan Partners Limited Partnership 0.89% of their portfolio | 3.3m $546.5m | Reduced -2.3m |
| MACQUARIE GROUP LTD 0.67% of their portfolio | 3.2m $536.0m | Added +134.7k |
| Invesco Ltd. 0.10% of their portfolio | 3.2m $535.9m | Reduced -950.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.87% of their portfolio | 3.2m $529.3m | Added +3.1m |
| Allspring Global Investments Holdings, LLC 0.92% of their portfolio | 3.1m $530.5m | Reduced -755.5k |
| D. E. Shaw & Co., Inc. 0.60% of their portfolio | 3.0m $502.6m | Added +2.4m |
| Alphinity Investment Management Pty Ltd 3.32% of their portfolio | 3.0m $489.8m | Added +1.2m |
| Cantillon Capital Management LLC 3.14% of their portfolio | 2.9m $484.9m | Reduced -90.3k |
| Nuveen, LLC 0.15% of their portfolio | 2.9m $482.7m | First filing |
| Mirae Asset Global Investments Co., Ltd. 1.12% of their portfolio | 2.7m $274.6m | Added +1.4m |
| Driehaus Capital Management LLC 4.32% of their portfolio | 2.7m $448.2m | Reduced -408.5k |
| WINDACRE PARTNERSHIP LLC 6.62% of their portfolio | 2.7m $441.8m | Added +125.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.24% of their portfolio | 2.6m $432.1m | Added +1.1m |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.00% of their portfolio | 2.5m $423.3m | Added +15.3k |
| BAILLIE GIFFORD & CO 0.36% of their portfolio | 2.5m $414.2m | Added +549.6k |
| SEI INVESTMENTS CO 0.53% of their portfolio | 2.5m $413.4m | Reduced -439.9k |
| BlueSpruce Investments, LP 9.29% of their portfolio | 2.4m $398.0m | Added +100.2k |
| Aspex Management (HK) Ltd 10.22% of their portfolio | 2.4m $395.5m | Added +1.9m |
| NATIXIS ADVISORS, LLC 0.70% of their portfolio | 2.3m $379.1m | Reduced -187.8k |
| RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio | 2.2m $369.9m | Reduced -88.1k |
| COMGEST GLOBAL INVESTORS S.A.S. 6.51% of their portfolio | 2.2m $365.0m | Added +26.8k |
| NATIONAL BANK OF CANADA /FI/ 0.42% of their portfolio | 2.2m $358.3m | Added +1.0m |
| AXIOM INVESTORS LLC /DE 1.72% of their portfolio | 2.2m $357.9m | Reduced -253.2k |
| SATURNA CAPITAL CORP 5.30% of their portfolio | 2.1m $354.1m | Reduced -40 |
| CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD 61.39% of their portfolio | 2.0m $336.4m | Unchanged |
| Voyager Global Management LP 14.98% of their portfolio | 2.0m $336.1m | Added +650.0k |
| Fayez Sarofim & Co 0.84% of their portfolio | 2.0m $339.3m | Added +69.9k |
| SOFTBANK GROUP CORP. 1.12% of their portfolio | 2.0m $329.5m | New |
| Ninety One UK Ltd 0.91% of their portfolio | 2.0m $328.8m | Reduced -698.4k |
| Capital Research Global Investors 0.07% of their portfolio | 2.0m $328.0m | Added +240.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 1.9m $319.0m | Added +331.5k |
| Point72 Asset Management, L.P. 0.88% of their portfolio | 1.9m $312.4m | Reduced -613.0k |
| Ruane, Cunniff & Goldfarb L.P. 5.63% of their portfolio | 1.9m $309.8m | Reduced -67.6k |
| Select Equity Group, L.P. 1.37% of their portfolio | 1.9m $307.7m | Added +645.6k |
| Magellan Asset Management Ltd 3.64% of their portfolio | 1.8m $299.2m | Added +250.0k |
| Third Point LLC 4.64% of their portfolio | 1.8m $295.5m | Unchanged |
| Mirova US LLC 3.49% of their portfolio | 1.8m $293.5m | Added +68.0k |
| Amundi 0.10% of their portfolio | 1.7m $265.6m | Added +73.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.23% of their portfolio | 1.7m $279.4m | Reduced -3.1m |
| Vontobel Holding Ltd. 0.99% of their portfolio | 1.6m $272.1m | Reduced -522.3k |
| Canoe Financial LP 4.34% of their portfolio | 1.6m $270.7m | Added +51.7k |
| PEAK6 LLC 10.55% of their portfolio | 1.6m $269.5m | Added +894.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.20% of their portfolio | 1.6m $266.8m | First filing |
| LORD, ABBETT & CO. LLC 0.94% of their portfolio | 1.6m $264.3m | Reduced -246.2k |
| AMF Tjanstepension AB 1.95% of their portfolio | 1.6m $263.9m | Added +328.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.25% of their portfolio | 1.6m $263.0m | Added +12.0k |
| Greenwoods Asset Management Hong Kong Ltd. 8.10% of their portfolio | 1.6m $261.4m | Added +329.6k |
| LGT Group Foundation 3.49% of their portfolio | 1.5m $253.4m | Added +629.5k |