TEXAS INSTRS INC TXN
COM · Common Stock · CUSIP 882508104 · ISIN US8825081040
American multinational semiconductor design and manufacturing company
* 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 ($434.1m this quarter). Holder counts are more reliable. Shares outstanding: 908.0m as of 2023-07-18, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $179.86. Options: 57 managers hold calls ($2.7bn notional), 64 hold puts ($2.4bn).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,004 |
| Q4 2022 | 2,106 |
| Q1 2023 | 2,137 |
| Q2 2023 | 2,157 |
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 2022 | 948 | 847 |
| Q1 2023 | 1,011 | 867 |
| Q2 2023 | 983 | 913 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.7bn | $2.1bn | 1.24 |
| Q4 2022 | $2.0bn | $2.2bn | 1.09 |
| Q1 2023 | $3.0bn | $2.2bn | 0.73 |
| Q2 2023 | $2.7bn | $2.4bn | 0.88 |
Biggest buyers
| Capital Research Global Investors | Added | +10.8m |
| TORONTO DOMINION BANK | Added | +1.6m |
| BARCLAYS PLC | Added | +1.6m |
| FIRST TRUST ADVISORS LP | Added | +1.2m |
| ING GROEP NV | Added | +919.6k |
| FIL Ltd | Added | +888.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +827.3k |
| VANGUARD GROUP INC | Added | +815.7k |
| MONTRUSCO BOLTON INVESTMENTS INC. | Added | +669.3k |
| Qube Research & Technologies Ltd | Added | +561.3k |
Biggest sellers
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -6.0m |
| FMR LLC | Reduced | -4.9m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.1m |
| OFI INVEST ASSET MANAGEMENT | Reduced | -1.9m |
| JPMORGAN CHASE & CO | Reduced | -1.8m |
| J.P. Morgan Private Wealth Advisors LLC | Sold out | -1.4m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -1.4m |
| TD Asset Management Inc | Reduced | -1.2m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $450.1m2.5m shares |
| Laurion Capital Management LP | Reduced | $422.9m2.3m shares |
| CITADEL ADVISORS LLC | Added | $362.7m2.0m shares |
| JANE STREET GROUP, LLC | Added | $198.9m1.1m shares |
| Optiver Holding B.V. | Added | $137.5m763.9k shares |
| D. E. Shaw & Co., Inc. | Added | $132.0m733.4k shares |
| Parallax Volatility Advisers, L.P. | Added | $125.4m696.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $111.8m621.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $87.5m485.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $71.9m399.5k shares |
Biggest puts
| Laurion Capital Management LP | Added | $598.9m3.3m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $346.1m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $263.7m1.5m shares |
| CITADEL ADVISORS LLC | Added | $219.4m1.2m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $77.6m431.0k shares |
| Optiver Holding B.V. | Reduced | $75.2m417.6k shares |
| Eisler Capital (UK) Ltd. | Added | $75.0m416.8k shares |
| SIMPLEX TRADING, LLC | Added | $64.4m357.7k shares |
| Twin Tree Management, LP | New | $54.8m304.5k shares |
| CITIGROUP INC | Added | $49.2m273.5k 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $10.8m | — |
| Q1 2022 | 0 | — | 4 | $13.1m | — |
| Q2 2022 | 0 | — | 3 | $3.4m | — |
| Q3 2022 | 1 | $1.1k | 3 | $10.2m | — |
| Q4 2022 | 0 | — | 2 | $1.9m | — |
| Q1 2023 | 0 | — | 2 | $769.4k | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.38% of their portfolio | 88.4m $15.9bn | Added +815.7k |
| BlackRock Inc. 0.40% of their portfolio | 79.7m $14.3bn | Added +370.1k |
| STATE STREET CORP 0.36% of their portfolio | 37.9m $6.8bn | Added +112.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.91% of their portfolio | 26.5m $4.8bn | Reduced -2.1m |
| BANK OF AMERICA CORP /DE/ 0.48% of their portfolio | 22.3m $4.0bn | Reduced -4.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.44% of their portfolio | 20.6m $3.7bn | Added +827.3k |
| JPMORGAN CHASE & CO 0.40% of their portfolio | 19.6m $3.5bn | Reduced -1.8m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.92% of their portfolio | 18.1m $3.2bn | Added +320.8k |
| Capital Research Global Investors 0.82% of their portfolio | 17.1m $3.1bn | Added +10.8m |
| PRIMECAP MANAGEMENT CO/CA/ 2.40% of their portfolio | 15.9m $2.9bn | Reduced -716.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.39% of their portfolio | 15.5m $2.8bn | Reduced -681.4k |
| Bank of New York Mellon Corp 0.57% of their portfolio | 15.2m $2.7bn | Reduced -723.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.82% of their portfolio | 13.9m $2.5bn | Reduced -1.0m |
| MORGAN STANLEY 0.22% of their portfolio | 12.4m $2.2bn | Reduced -430.4k |
| FRANKLIN RESOURCES INC 1.01% of their portfolio | 11.8m $2.1bn | Reduced -322.2k |
| NORTHERN TRUST CORP 0.37% of their portfolio | 10.8m $1.9bn | Reduced -822.3k |
| NORGES BANK 0.32% of their portfolio | 9.1m $1.6bn | Added +304.1k |
| JANUS HENDERSON GROUP PLC 0.93% of their portfolio | 8.3m $1.5bn | Added +96.0k |
| GOLDMAN SACHS GROUP INC 0.37% of their portfolio | 8.0m $1.4bn | Reduced -407.5k |
| ROYAL BANK OF CANADA 0.37% of their portfolio | 7.3m $1.3bn | Reduced -333.8k |
| Legal & General Group Plc 0.39% of their portfolio | 6.6m $1.2bn | Added +59.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.55% of their portfolio | 6.1m $1.1bn | Unchanged |
| Amundi 0.51% of their portfolio | 5.7m $1.0bn | Added +535.0k |
| Invesco Ltd. 0.25% of their portfolio | 5.3m $959.8m | Added +196.2k |
| BARCLAYS PLC 0.62% of their portfolio | 5.3m $959.7m | Added +1.6m |
| Nuveen Asset Management, LLC 0.33% of their portfolio | 5.2m $935.7m | Reduced -58.7k |
| FIL Ltd 1.02% of their portfolio | 5.0m $905.9m | Added +888.8k |
| AMERIPRISE FINANCIAL INC 0.28% of their portfolio | 4.9m $877.5m | Reduced -1.4m |
| California Public Employees Retirement System 0.69% of their portfolio | 4.5m $801.8m | Added +544.9k |
| Alecta Tjanstepension Omsesidigt 5.75% of their portfolio | 4.4m $797.1m | Unchanged |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.78% of their portfolio | 4.4m $792.6m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.23% of their portfolio | 4.3m $780.8m | Reduced -101.2k |
| GENERATION INVESTMENT MANAGEMENT LLP 3.76% of their portfolio | 4.3m $777.0m | Reduced -8.3k |
| UBS Group AG 0.33% of their portfolio | 4.2m $750.9m | Reduced -718.9k |
| DIMENSIONAL FUND ADVISORS LP 0.24% of their portfolio | 4.2m $748.4m | Added +102.4k |
| Capital International Investors 0.18% of their portfolio | 4.1m $740.2m | Reduced -352.7k |
| DEUTSCHE BANK AG\ 0.39% of their portfolio | 4.1m $732.7m | Reduced -662.4k |
| T. Rowe Price Investment Management, Inc. 0.48% of their portfolio | 3.9m $707.6m | Reduced -945.4k |
| FIRST TRUST ADVISORS LP 0.77% of their portfolio | 3.7m $674.9m | Added +1.2m |
| First Eagle Investment Management, LLC 1.68% of their portfolio | 3.6m $656.7m | Reduced -9.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.92% of their portfolio | 3.6m $643.4m | Reduced -1.4m |
| Fayez Sarofim & Co 2.10% of their portfolio | 3.3m $599.7m | Reduced -36.0k |
| Swiss National Bank 0.40% of their portfolio | 3.3m $589.9m | Reduced -324.8k |
| VAN ECK ASSOCIATES CORP 1.24% of their portfolio | 3.1m $566.0m | Added +463.9k |
| PARNASSUS INVESTMENTS, LLC 1.29% of their portfolio | 3.1m $554.3m | Added +26.7k |
| Capital World Investors 0.10% of their portfolio | 2.8m $511.5m | Added +221.8k |
| LONDON CO OF VIRGINIA 2.87% of their portfolio | 2.8m $507.1m | Reduced -70.7k |
| Davis Selected Advisers 3.07% of their portfolio | 2.8m $503.2m | Added +13.8k |
| BANK OF MONTREAL /CAN/ 0.18% of their portfolio | 2.7m $480.6m | Added +8.5k |
| FMR LLC 0.04% of their portfolio | 2.6m $474.3m | Reduced -4.9m |
| Diamond Hill Capital Management, LLC (Investment Advisor) 2.05% of their portfolio | 2.5m $456.3m | Added +126.0k |
| HSBC HOLDINGS PLC 0.48% of their portfolio | 2.5m $446.6m | Added +424.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.35% of their portfolio | 2.5m $444.6m | Reduced -435.0k |
| CREDIT SUISSE AG/ 0.43% of their portfolio | 2.4m $430.3m | Added +59.8k |
| STIFEL FINANCIAL CORP 0.58% of their portfolio | 2.3m $422.4m | Reduced -97.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.87% of their portfolio | 2.3m $415.4m | Added +433.2k |
| JENSEN INVESTMENT MANAGEMENT INC 2.93% of their portfolio | 2.2m $399.0m | Added +24.4k |
| TORONTO DOMINION BANK 0.29% of their portfolio | 2.2m $395.9m | Added +1.6m |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.83% of their portfolio | 2.2m $395.5m | Added +10.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 1.21% of their portfolio | 2.2m $390.2m | Added +148.4k |
| Bahl & Gaynor LLC 2.35% of their portfolio | 2.1m $386.5m | Reduced -638.4k |
| NEUBERGER BERMAN GROUP LLC 0.34% of their portfolio | 2.1m $384.9m | Reduced -89.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.20% of their portfolio | 2.1m $371.0m | Added +62.0k |
| Rafferty Asset Management, LLC 2.07% of their portfolio | 2.0m $367.0m | Added +58.9k |
| Ensign Peak Advisors, Inc 0.73% of their portfolio | 2.0m $358.9m | Reduced -125.6k |
| BESSEMER GROUP INC 0.72% of their portfolio | 1.9m $338.5m | Reduced -489.4k |
| RHUMBLINE ADVISERS 0.38% of their portfolio | 1.9m $337.0m | Reduced -19.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.42% of their portfolio | 1.8m $331.9m | Reduced -56.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.18% of their portfolio | 1.8m $322.3m | Reduced -223.5k |
| AMERICAN CENTURY COMPANIES INC 0.24% of their portfolio | 1.7m $313.9m | Added +161.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.60% of their portfolio | 1.7m $305.3m | Added +445.3k |
| CITIGROUP INC 0.38% of their portfolio | 1.7m $298.6m | Added +358.8k |
| RAYMOND JAMES & ASSOCIATES 0.24% of their portfolio | 1.6m $288.6m | Added +15.2k |
| LORD, ABBETT & CO. LLC 0.50% of their portfolio | 1.6m $287.8m | Reduced -533.3k |
| DekaBank Deutsche Girozentrale 0.62% of their portfolio | 1.6m $275.5m | Added +91.6k |
| MONTRUSCO BOLTON INVESTMENTS INC. 4.12% of their portfolio | 1.5m $265.7m | Added +669.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.38% of their portfolio | 1.5m $271.0m | Reduced -33.1k |
| CIBC Private Wealth Group LLC 0.29% of their portfolio | 1.5m $269.6m | Added +47.0k |
| National Pension Service 0.42% of their portfolio | 1.5m $260.6m | Added +79.8k |
| PNC Financial Services Group, Inc. 0.22% of their portfolio | 1.4m $259.0m | Reduced -2.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.4m $254.1m | Reduced -6.0m |
| ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio | 1.4m $252.1m | Reduced -1.4k |
| Mirae Asset Global Investments Co., Ltd. 0.54% of their portfolio | 1.4m $251.9m | Added +24.6k |
| Metropolis Capital Ltd 9.53% of their portfolio | 1.4m $248.3m | Added +447.7k |
| Impax Asset Management Group plc 0.98% of their portfolio | 1.4m $244.2m | Added +39.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 1.3m $236.9m | Added +497 |
| Bank Julius Baer & Co. Ltd, Zurich 1.39% of their portfolio | 1.3m $233.5m | Added +1.6k |
| Corient Private Wealth LP 0.54% of their portfolio | 1.3m $231.8m | Added +375.3k |
| BROWN BROTHERS HARRIMAN & CO 1.85% of their portfolio | 1.3m $229.3m | Reduced -15.7k |
| TD Asset Management Inc 0.24% of their portfolio | 1.2m $211.2m | Reduced -1.2m |
| MACKENZIE FINANCIAL CORP 0.32% of their portfolio | 1.2m $209.7m | Added +50.8k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.50% of their portfolio | 1.2m $208.4m | Reduced -1.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.23% of their portfolio | 1.1m $206.3m | Reduced -66.3k |
| ING GROEP NV 1.53% of their portfolio | 1.1m $202.2m | Added +919.6k |
| APG Asset Management N.V. 0.37% of their portfolio | 1.1m $184.9m | Added +6.3k |
| D. E. Shaw & Co., Inc. 0.31% of their portfolio | 1.1m $195.7m | Added +197.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.45% of their portfolio | 1.1m $195.4m | Added +24.7k |
| Railway Pension Investments Ltd 1.90% of their portfolio | 1.1m $191.0m | Reduced -207.7k |
| Aberdeen Group plc 0.44% of their portfolio | 1.1m $189.6m | Added +59.2k |
| US BANCORP \DE\ 0.30% of their portfolio | 1.0m $186.2m | Reduced -22.1k |