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 ($1.4bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $303.02. Options: 75 managers hold calls ($15.0bn notional), 83 hold puts ($28.7bn).
Trends to Q4 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 |
| Q4 2025 | 3,123 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 1,440 | 1,182 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $9.4bn | $15.5bn | 1.65 |
| Q2 2025 | $14.3bn | $21.3bn | 1.49 |
| Q3 2025 | $18.3bn | $24.4bn | 1.33 |
| Q4 2025 | $15.0bn | $28.7bn | 1.91 |
Biggest buyers
| Point72 Asset Management, L.P. | Added | +2.9m |
| T. Rowe Price Investment Management, Inc. | Added | +2.8m |
| CITADEL ADVISORS LLC | Added | +2.5m |
| HSBC HOLDINGS PLC | Added | +2.2m |
| VAN ECK ASSOCIATES CORP | Added | +1.8m |
| Corient Private Wealth LP | Added | +1.6m |
| MARSHALL WACE, LLP | Added | +1.4m |
| Capital Research Global Investors | Added | +1.3m |
| D. E. Shaw & Co., Inc. | Added | +1.3m |
| TWO SIGMA ADVISERS, LP | Added | +1.3m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -23.8m |
| FMR LLC | Reduced | -12.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -5.6m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.7m |
| MACQUARIE GROUP LTD | Sold out | -3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.6m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -2.4m |
| Bank of New York Mellon Corp | Reduced | -2.3m |
| Ninety One UK Ltd | Reduced | -2.2m |
| BARCLAYS PLC | Reduced | -2.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.8bn15.7m shares |
| JANE STREET GROUP, LLC | Reduced | $2.3bn7.6m shares |
| CITADEL ADVISORS LLC | Reduced | $1.0bn3.4m shares |
| IMC-Chicago, LLC | Reduced | $733.3m2.4m shares |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | $607.8m2.0m shares |
| PEAK6 LLC | Reduced | $557.7m1.8m shares |
| Value Aligned Research Advisors, LLC | Unchanged | $555.5m1.8m shares |
| CTC LLC | Added | $546.5m18.0k shares |
| UBS Group AG | Reduced | $438.3m1.4m shares |
| JPMORGAN CHASE & CO | Added | $390.1m1.3m shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $5.2bn17.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.9bn16.2m shares |
| CITADEL ADVISORS LLC | Added | $2.3bn7.6m shares |
| PEAK6 LLC | Added | $1.9bn6.3m shares |
| GOLDMAN SACHS GROUP INC | Added | $1.3bn4.4m shares |
| IMC-Chicago, LLC | Added | $1.2bn4.1m shares |
| Optiver Holding B.V. | Added | $1.2bn4.1m shares |
| BARCLAYS PLC | Added | $1.2bn4.0m shares |
| JPMORGAN CHASE & CO | Reduced | $1.2bn3.8m shares |
| UBS Group AG | Reduced | $1.1bn3.5m 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 Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.95% of their portfolio | 61.1m $18.6bn | Reduced -12.1m |
| Sanders Capital, LLC 11.19% of their portfolio | 32.0m $9.7bn | Reduced -322.0k |
| Capital World Investors 1.13% of their portfolio | 27.4m $8.3bn | Reduced -336.6k |
| Capital International Investors 1.22% of their portfolio | 25.7m $7.8bn | Added +15.0k |
| JPMORGAN CHASE & CO 0.52% of their portfolio | 25.2m $7.7bn | Reduced -23.8m |
| Fisher Asset Management, LLC 1.88% of their portfolio | 18.1m $5.5bn | Added +313.8k |
| VAN ECK ASSOCIATES CORP 4.39% of their portfolio | 17.5m $5.3bn | Added +1.8m |
| BlackRock, Inc. 0.09% of their portfolio | 16.5m $5.0bn | Reduced -699.0k |
| BANK OF AMERICA CORP /DE/ 0.35% of their portfolio | 15.9m $4.8bn | Added +966.9k |
| MORGAN STANLEY 0.25% of their portfolio | 13.5m $4.1bn | Reduced -1.6m |
| JENNISON ASSOCIATES LLC 2.44% of their portfolio | 13.4m $4.1bn | Added +802.8k |
| Bank of New York Mellon Corp 0.62% of their portfolio | 11.6m $3.5bn | Reduced -2.3m |
| ALLIANCEBERNSTEIN L.P. 0.98% of their portfolio | 10.2m $3.1bn | Reduced -471.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.00% of their portfolio | 10.1m $3.1bn | Reduced -5.6m |
| WCM INVESTMENT MANAGEMENT, LLC 6.06% of their portfolio | 9.8m $2.9bn | Reduced -271.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.29% of their portfolio | 8.9m $2.7bn | Reduced -2.6m |
| COATUE MANAGEMENT LLC 6.56% of their portfolio | 8.6m $2.6bn | Added +557.0k |
| GOLDMAN SACHS GROUP INC 0.37% of their portfolio | 8.5m $2.6bn | Reduced -3.7m |
| JANUS HENDERSON GROUP PLC 1.12% of their portfolio | 8.3m $2.5bn | Added +594.8k |
| FRANKLIN RESOURCES INC 0.56% of their portfolio | 7.5m $2.3bn | Added +605.3k |
| UBS Group AG 0.44% of their portfolio | 7.3m $2.2bn | Reduced -1.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.67% of their portfolio | 7.3m $2.2bn | Added +37.0k |
| SANDS CAPITAL MANAGEMENT, LLC 6.31% of their portfolio | 6.8m $2.1bn | Reduced -2.4m |
| AMERICAN CENTURY COMPANIES INC 1.03% of their portfolio | 6.7m $2.0bn | Added +252.7k |
| NORTHERN TRUST CORP 0.26% of their portfolio | 6.6m $2.0bn | Added +193.1k |
| ROYAL BANK OF CANADA 0.35% of their portfolio | 6.5m $2.0bn | Added +432.2k |
| BROWN ADVISORY INC 2.74% of their portfolio | 6.5m $2.0bn | Reduced -112.5k |
| PineStone Asset Management Inc. 11.80% of their portfolio | 6.2m $1.9bn | Reduced -299.2k |
| Fiera Capital Corp 5.80% of their portfolio | 6.0m $1.8bn | Reduced -807.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 5.07% of their portfolio | 6.0m $1.8bn | Reduced -436.8k |
| First Eagle Investment Management, LLC 3.18% of their portfolio | 5.9m $1.8bn | Reduced -761.7k |
| ALKEON CAPITAL MANAGEMENT LLC 7.23% of their portfolio | 5.4m $1.7bn | Added +175.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.29% of their portfolio | 5.4m $1.7bn | Reduced -428.1k |
| EAGLE CAPITAL MANAGEMENT LLC 4.69% of their portfolio | 5.0m $1.5bn | Reduced -77.6k |
| VIKING GLOBAL INVESTORS LP 3.96% of their portfolio | 4.9m $1.5bn | Added +970.5k |
| Point72 Asset Management, L.P. 2.22% of their portfolio | 4.7m $1.4bn | Added +2.9m |
| Clearbridge Investments, LLC 1.07% of their portfolio | 4.4m $1.3bn | Added +140.8k |
| Harding Loevner LP 11.60% of their portfolio | 4.3m $1.3bn | Reduced -824.1k |
| AMERIPRISE FINANCIAL INC 0.29% of their portfolio | 4.3m $1.3bn | Reduced -8.8k |
| WELLS FARGO & COMPANY/MN 0.25% of their portfolio | 4.3m $1.3bn | Added +230.9k |
| Russell Investments Group, Ltd. 1.38% of their portfolio | 4.2m $1.3bn | Reduced -374.4k |
| TIGER GLOBAL MANAGEMENT LLC 3.81% of their portfolio | 3.7m $1.1bn | Reduced -852.9k |
| Invesco Ltd. 0.11% of their portfolio | 3.7m $1.1bn | Added +40.8k |
| HSBC HOLDINGS PLC 0.31% of their portfolio | 3.6m $1.1bn | Added +2.2m |
| DIMENSIONAL FUND ADVISORS LP 0.23% of their portfolio | 3.6m $1.1bn | Added +13.1k |
| T. Rowe Price Investment Management, Inc. 0.43% of their portfolio | 3.6m $1.1bn | Added +2.8m |
| ENVESTNET ASSET MANAGEMENT INC 0.32% of their portfolio | 3.5m $1.1bn | Reduced -304.0k |
| LAZARD ASSET MANAGEMENT LLC 1.68% of their portfolio | 3.2m $987.6m | Reduced -1.3m |
| Capital Research Global Investors 0.18% of their portfolio | 3.2m $976.8m | Added +1.3m |
| JANE STREET GROUP, LLC 1.15% of their portfolio | 3.2m $973.2m | Reduced -1.1m |
| BARCLAYS PLC 0.38% of their portfolio | 3.1m $949.3m | Reduced -2.1m |
| LONE PINE CAPITAL LLC 6.81% of their portfolio | 3.1m $927.6m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.90% of their portfolio | 3.0m $913.3m | Added +126.7k |
| CITADEL ADVISORS LLC 0.62% of their portfolio | 3.0m $909.4m | Added +2.5m |
| D. E. Shaw & Co., Inc. 0.68% of their portfolio | 3.0m $896.9m | Added +1.3m |
| Cantillon Capital Management LLC 4.65% of their portfolio | 2.8m $859.8m | Added +21.3k |
| 1832 Asset Management L.P. 1.08% of their portfolio | 2.8m $856.3m | Added +187.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 1.23% of their portfolio | 2.7m $815.5m | First filing |
| RAYMOND JAMES FINANCIAL INC 0.25% of their portfolio | 2.7m $813.6m | Added +97.4k |
| Soroban Capital Partners LP 5.40% of their portfolio | 2.6m $738.2m | Added +798.8k |
| Nuveen, LLC 0.20% of their portfolio | 2.5m $768.3m | Reduced -155.0k |
| WINDACRE PARTNERSHIP LLC 8.09% of their portfolio | 2.5m $754.6m | Reduced -344.0k |
| Fayez Sarofim & Co 1.80% of their portfolio | 2.5m $750.9m | Added +437.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.61% of their portfolio | 2.4m $743.5m | Added +8.1k |
| NATIXIS ADVISORS, LLC 1.02% of their portfolio | 2.4m $717.8m | Reduced -96.7k |
| SEI INVESTMENTS CO 0.70% of their portfolio | 2.3m $704.2m | Added +370.6k |
| DEUTSCHE BANK AG\ 0.22% of their portfolio | 2.3m $688.1m | Added +1.1m |
| CITIGROUP INC 0.45% of their portfolio | 2.2m $667.3m | Reduced -660.3k |
| Driehaus Capital Management LLC 4.47% of their portfolio | 2.2m $657.5m | Reduced -79.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.38% of their portfolio | 2.2m $656.3m | Reduced -641.6k |
| Stockbridge Partners LLC 14.19% of their portfolio | 2.1m $644.5m | Reduced -7.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.32% of their portfolio | 2.1m $631.9m | Reduced -329.2k |
| SATURNA CAPITAL CORP 8.23% of their portfolio | 2.0m $620.3m | Reduced -98.3k |
| Rathbones Group PLC 1.22% of their portfolio | 2.0m $619.1m | Added +1.1m |
| LPL Financial LLC 0.17% of their portfolio | 2.0m $616.7m | Added +171.5k |
| BlueSpruce Investments, LP 15.61% of their portfolio | 2.0m $611.8m | Reduced -496.8k |
| Ninety One UK Ltd 1.31% of their portfolio | 2.0m $611.7m | Reduced -2.2m |
| SOFTBANK GROUP CORP. 3.90% of their portfolio | 2.0m $603.2m | Unchanged |
| Corient Private Wealth LP 0.15% of their portfolio | 1.9m $217.6m | Added +1.6m |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.22% of their portfolio | 1.9m $577.9m | Added +3.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.66% of their portfolio | 1.9m $575.1m | Added +848.0k |
| GQG Partners LLC 0.92% of their portfolio | 1.8m $556.7m | Reduced -1.7m |
| COMGEST GLOBAL INVESTORS S.A.S. 9.31% of their portfolio | 1.7m $522.4m | Reduced -402.5k |
| MARSHALL WACE, LLP 0.50% of their portfolio | 1.7m $518.8m | Added +1.4m |
| Mirova US LLC 5.13% of their portfolio | 1.7m $510.6m | Reduced -52.4k |
| TWO SIGMA ADVISERS, LP 0.98% of their portfolio | 1.7m $505.2m | Added +1.3m |
| MAVERICK CAPITAL LTD 5.41% of their portfolio | 1.7m $504.0m | Added +639.2k |
| Legal & General Group Plc 0.11% of their portfolio | 1.7m $501.8m | Added +100.1k |
| BESSEMER GROUP INC 0.77% of their portfolio | 1.7m $501.8m | Added +667.0k |
| Life Cycle Investment Partners Ltd 3.46% of their portfolio | 1.6m $495.2m | First filing |
| Altshuler Shaham Ltd 7.36% of their portfolio | 1.6m $481.9m | Reduced -544.2k |
| Amundi 0.13% of their portfolio | 1.5m $467.9m | Reduced -62.3k |
| AMF Tjanstepension AB 2.89% of their portfolio | 1.5m $466.4m | Reduced -888.6k |
| Swedbank AB 0.44% of their portfolio | 1.5m $450.4m | Added +2.7k |
| FIL Ltd 0.33% of their portfolio | 1.5m $443.6m | Added +69.3k |
| Vontobel Holding Ltd. 1.42% of their portfolio | 1.4m $432.1m | Reduced -535.6k |
| Ruane, Cunniff & Goldfarb L.P. 6.75% of their portfolio | 1.4m $432.0m | Reduced -460.0k |
| Magellan Asset Management Ltd 5.18% of their portfolio | 1.4m $425.8m | Reduced -105.0k |
| BAILLIE GIFFORD & CO 0.34% of their portfolio | 1.3m $406.1m | Reduced -227.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.23% of their portfolio | 1.3m $403.5m | Added +1.1m |