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 ($1.7bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $279.03. Options: 83 managers hold calls ($18.3bn notional), 85 hold puts ($24.4bn).
Trends to Q3 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 |
| Q2 2025 | 2,646 |
| Q3 2025 | 2,801 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 1,487 | 961 |
| Q3 2025 | 1,490 | 1,028 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $11.3bn | $17.5bn | 1.55 |
| Q1 2025 | $9.4bn | $15.5bn | 1.65 |
| Q2 2025 | $14.3bn | $21.3bn | 1.49 |
| Q3 2025 | $18.3bn | $24.4bn | 1.33 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +20.6m |
| FMR LLC | Added | +11.8m |
| BlackRock, Inc. | Added | +2.7m |
| Ninety One UK Ltd | Added | +2.2m |
| Clearbridge Investments, LLC | Added | +2.0m |
| GOLDMAN SACHS GROUP INC | Added | +1.4m |
| MORGAN STANLEY | Added | +1.3m |
| SurgoCap Partners LP | New | +1.3m |
| D. E. Shaw & Co., Inc. | Added | +1.2m |
| Thrivent Financial for Lutherans | Added | +1.2m |
Biggest sellers
| Sanders Capital, LLC | Reduced | -6.0m |
| ROYAL BANK OF CANADA | Reduced | -4.9m |
| Capital World Investors | Reduced | -4.1m |
| Bank of New York Mellon Corp | Reduced | -3.2m |
| HSBC HOLDINGS PLC | Reduced | -2.8m |
| GQG Partners LLC | Reduced | -2.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Sold out | -2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.8m |
| Aspex Management (HK) Ltd | Sold out | -1.7m |
| Artisan Partners Limited Partnership | Reduced | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.5bn16.1m shares |
| JANE STREET GROUP, LLC | Added | $2.7bn9.5m shares |
| ALKEON CAPITAL MANAGEMENT LLC | Added | $1.7bn6.0m shares |
| CITADEL ADVISORS LLC | Reduced | $1.4bn5.2m shares |
| IMC-Chicago, LLC | Added | $848.4m3.0m shares |
| PEAK6 LLC | Reduced | $666.2m2.4m shares |
| UBS Group AG | Added | $518.6m1.9m shares |
| Value Aligned Research Advisors, LLC | Added | $510.5m1.8m shares |
| WOLVERINE TRADING, LLC | Added | $499.0m1.8m shares |
| NOMURA HOLDINGS INC | Reduced | $473.6m1.7m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $5.1bn18.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5bn16.2m shares |
| JPMORGAN CHASE & CO | Added | $1.8bn6.5m shares |
| PEAK6 LLC | Reduced | $1.6bn5.8m shares |
| CITADEL ADVISORS LLC | Reduced | $1.5bn5.5m shares |
| UBS Group AG | Reduced | $1.0bn3.7m shares |
| IMC-Chicago, LLC | Added | $957.7m3.4m shares |
| NOMURA HOLDINGS INC | Added | $780.7m2.8m shares |
| SIMPLEX TRADING, LLC | Reduced | $675.1m2.4m shares |
| Optiver Holding B.V. | Reduced | $589.7m2.1m 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 Q3 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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 1.06% of their portfolio | 73.2m $20.4bn | Added +11.8m |
| JPMORGAN CHASE & CO 0.44% of their portfolio | 49.0m $13.7bn | Added +20.6m |
| Sanders Capital, LLC 11.09% of their portfolio | 32.3m $9.0bn | Reduced -6.0m |
| Capital World Investors 1.06% of their portfolio | 27.7m $7.7bn | Reduced -4.1m |
| Capital International Investors 1.15% of their portfolio | 25.6m $7.2bn | Added +19.1k |
| Fisher Asset Management, LLC 1.80% of their portfolio | 17.8m $5.0bn | Added +168.2k |
| BlackRock, Inc. 0.08% of their portfolio | 17.2m $4.8bn | Added +2.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.36% of their portfolio | 15.8m $4.4bn | Added +541.0k |
| VAN ECK ASSOCIATES CORP 4.08% of their portfolio | 15.7m $4.4bn | Reduced -1.5m |
| MORGAN STANLEY 0.26% of their portfolio | 15.1m $4.2bn | Added +1.3m |
| BANK OF AMERICA CORP /DE/ 0.31% of their portfolio | 14.9m $4.2bn | Added +130.2k |
| Bank of New York Mellon Corp 0.69% of their portfolio | 13.9m $3.9bn | Reduced -3.2m |
| JENNISON ASSOCIATES LLC 2.05% of their portfolio | 12.6m $3.5bn | Added +544.8k |
| GOLDMAN SACHS GROUP INC 0.49% of their portfolio | 12.1m $3.4bn | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.34% of their portfolio | 11.5m $3.2bn | Reduced -1.8m |
| ALLIANCEBERNSTEIN L.P. 0.94% of their portfolio | 10.7m $3.0bn | Added +229.2k |
| WCM INVESTMENT MANAGEMENT, LLC 5.74% of their portfolio | 10.1m $2.8bn | Added +31.9k |
| SANDS CAPITAL MANAGEMENT, LLC 7.13% of their portfolio | 9.3m $2.6bn | Added +699.6k |
| UBS Group AG 0.47% of their portfolio | 8.6m $2.4bn | Added +315.8k |
| COATUE MANAGEMENT LLC 5.53% of their portfolio | 8.1m $2.3bn | Added +4.3k |
| JANUS HENDERSON GROUP PLC 0.98% of their portfolio | 7.7m $2.1bn | Added +246.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.54% of their portfolio | 7.2m $2.0bn | Added +131.3k |
| FRANKLIN RESOURCES INC 0.48% of their portfolio | 6.9m $1.9bn | Reduced -451.6k |
| Fiera Capital Corp 6.17% of their portfolio | 6.8m $1.9bn | Reduced -532.6k |
| First Eagle Investment Management, LLC 3.41% of their portfolio | 6.7m $1.9bn | Added +7.0k |
| BROWN ADVISORY INC 2.39% of their portfolio | 6.6m $1.8bn | Reduced -69.2k |
| PineStone Asset Management Inc. 11.38% of their portfolio | 6.5m $1.8bn | Reduced -480.0k |
| AMERICAN CENTURY COMPANIES INC 0.92% of their portfolio | 6.5m $1.8bn | Added +652.3k |
| NORTHERN TRUST CORP 0.23% of their portfolio | 6.4m $1.8bn | Added +133.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 4.64% of their portfolio | 6.4m $1.8bn | Reduced -200.1k |
| ROYAL BANK OF CANADA 0.30% of their portfolio | 6.1m $1.7bn | Reduced -4.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.29% of their portfolio | 5.9m $1.6bn | Reduced -534.6k |
| ALKEON CAPITAL MANAGEMENT LLC 6.64% of their portfolio | 5.3m $1.5bn | Reduced -300.0k |
| BARCLAYS PLC 0.54% of their portfolio | 5.3m $1.5bn | Added +411.2k |
| Harding Loevner LP 10.57% of their portfolio | 5.2m $1.4bn | Reduced -453.6k |
| EAGLE CAPITAL MANAGEMENT LLC 4.48% of their portfolio | 5.0m $1.4bn | Reduced -2.5k |
| TIGER GLOBAL MANAGEMENT LLC 3.95% of their portfolio | 4.6m $1.3bn | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 1.71% of their portfolio | 4.6m $1.3bn | Added +40.1k |
| Russell Investments Group, Ltd. 1.44% of their portfolio | 4.5m $1.3bn | Reduced -305.0k |
| JANE STREET GROUP, LLC 1.41% of their portfolio | 4.3m $1.2bn | Reduced -764.6k |
| AMERIPRISE FINANCIAL INC 0.28% of their portfolio | 4.3m $1.2bn | Added +90.7k |
| Clearbridge Investments, LLC 0.90% of their portfolio | 4.3m $1.2bn | Added +2.0m |
| Ninety One UK Ltd 1.27% of their portfolio | 4.2m $1.2bn | Added +2.2m |
| WELLS FARGO & COMPANY/MN 0.23% of their portfolio | 4.0m $1.1bn | Added +110.4k |
| VIKING GLOBAL INVESTORS LP 2.86% of their portfolio | 3.9m $1.1bn | Reduced -384.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.31% of their portfolio | 3.8m $1.1bn | Reduced -18.1k |
| Invesco Ltd. 0.16% of their portfolio | 3.7m $1.0bn | Added +520.6k |
| DIMENSIONAL FUND ADVISORS LP 0.22% of their portfolio | 3.6m $1.0bn | Added +19.2k |
| GQG Partners LLC 1.50% of their portfolio | 3.5m $976.3m | Reduced -2.2m |
| MACQUARIE GROUP LTD 1.03% of their portfolio | 3.2m $884.5m | Reduced -45.4k |
| LONE PINE CAPITAL LLC 6.20% of their portfolio | 3.1m $852.5m | Reduced -383.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.80% of their portfolio | 2.9m $804.3m | Reduced -303.6k |
| CITIGROUP INC 0.55% of their portfolio | 2.9m $797.7m | Reduced -155.0k |
| WINDACRE PARTNERSHIP LLC 9.88% of their portfolio | 2.8m $789.6m | Reduced -114.0k |
| Cantillon Capital Management LLC 4.32% of their portfolio | 2.8m $784.2m | Reduced -31.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.49% of their portfolio | 2.8m $782.3m | Reduced -725.0k |
| Nuveen, LLC 0.20% of their portfolio | 2.7m $749.4m | Reduced -67.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.67% of their portfolio | 2.7m $743.7m | Added +163.2k |
| 1832 Asset Management L.P. 1.24% of their portfolio | 2.6m $734.7m | Added +146.2k |
| RAYMOND JAMES FINANCIAL INC 0.23% of their portfolio | 2.6m $720.5m | Added +132.6k |
| BlueSpruce Investments, LP 16.10% of their portfolio | 2.5m $701.1m | Added +417.3k |
| NATIXIS ADVISORS, LLC 1.00% of their portfolio | 2.5m $686.7m | Added +7.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.56% of their portfolio | 2.4m $681.3m | Added +1.0m |
| AMF Tjanstepension AB 2.70% of their portfolio | 2.4m $676.8m | Added +608.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.34% of their portfolio | 2.4m $672.6m | Reduced -207.8k |
| Driehaus Capital Management LLC 4.49% of their portfolio | 2.2m $626.6m | Reduced -316.0k |
| Select Equity Group, L.P. 2.65% of their portfolio | 2.2m $619.5m | Reduced -41.8k |
| SATURNA CAPITAL CORP 7.70% of their portfolio | 2.1m $597.5m | Added +2.2k |
| Altshuler Shaham Ltd 9.84% of their portfolio | 2.1m $594.9m | Added +636.2k |
| Stockbridge Partners LLC 11.49% of their portfolio | 2.1m $594.5m | Reduced -89.6k |
| COMGEST GLOBAL INVESTORS S.A.S. 10.50% of their portfolio | 2.1m $592.6m | Reduced -103.2k |
| Fayez Sarofim & Co 1.34% of their portfolio | 2.0m $576.2m | Added +32.5k |
| SOFTBANK GROUP CORP. 2.13% of their portfolio | 2.0m $554.4m | Unchanged |
| NOMURA HOLDINGS INC 2.51% of their portfolio | 2.0m $553.8m | Added +540.7k |
| Vontobel Holding Ltd. 1.72% of their portfolio | 2.0m $546.7m | Reduced -112.9k |
| SEI INVESTMENTS CO 0.58% of their portfolio | 1.9m $543.6m | Reduced -418.1k |
| Capital Research Global Investors 0.10% of their portfolio | 1.9m $539.7m | Added +60.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.14% of their portfolio | 1.9m $530.3m | Reduced -309.6k |
| Ruane, Cunniff & Goldfarb L.P. 8.71% of their portfolio | 1.9m $525.5m | Reduced -36.0k |
| LPL Financial LLC 0.15% of their portfolio | 1.9m $518.9m | Added +212.3k |
| Soroban Capital Partners LP 4.23% of their portfolio | 1.8m $515.1m | Unchanged |
| Point72 Asset Management, L.P. 1.10% of their portfolio | 1.8m $506.7m | Added +398.8k |
| Mirova US LLC 4.89% of their portfolio | 1.7m $483.8m | Reduced -64.7k |
| D. E. Shaw & Co., Inc. 0.38% of their portfolio | 1.7m $469.1m | Added +1.2m |
| Alphinity Investment Management Pty Ltd 4.43% of their portfolio | 1.6m $454.0m | Reduced -912.8k |
| Amundi 0.16% of their portfolio | 1.6m $484.4m | Reduced -215.7k |
| BAILLIE GIFFORD & CO 0.32% of their portfolio | 1.6m $436.8m | Reduced -701.2k |
| Legal & General Group Plc 0.10% of their portfolio | 1.6m $433.1m | Added +8.9k |
| Magellan Asset Management Ltd 4.98% of their portfolio | 1.5m $420.7m | Reduced -419.5k |
| Swedbank AB 0.42% of their portfolio | 1.5m $413.2m | Reduced -135.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.52% of their portfolio | 1.4m $403.5m | Added +185.6k |
| LANSDOWNE PARTNERS (UK) LLP 33.44% of their portfolio | 1.4m $396.4m | Added +681.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.57% of their portfolio | 1.4m $390.8m | Added +541.5k |
| Allspring Global Investments Holdings, LLC 0.65% of their portfolio | 1.4m $403.1m | Reduced -409.4k |
| LGT Group Foundation 4.61% of their portfolio | 1.4m $402.2m | Reduced -85.7k |
| FIL Ltd 0.31% of their portfolio | 1.4m $388.4m | Added +175.7k |
| Balyasny Asset Management L.P. 0.78% of their portfolio | 1.4m $387.7m | Reduced -210.3k |
| HSBC HOLDINGS PLC 0.23% of their portfolio | 1.4m $381.7m | Reduced -2.8m |
| CANADA LIFE ASSURANCE Co 0.54% of their portfolio | 1.4m $375.3m | Reduced -41.5k |
| Canoe Financial LP 5.36% of their portfolio | 1.3m $375.4m | Reduced -167.4k |