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 ($654.0m this quarter). Holder counts are more reliable. Shares outstanding: 909.1m as of 2025-07-22, 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 ≈ $206.83. Options: 59 managers hold calls ($2.7bn notional), 61 hold puts ($2.5bn).
Trends to Q2 2025
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 |
| Q3 2023 | 2,133 |
| Q4 2023 | 2,223 |
| Q1 2024 | 2,202 |
| Q2 2024 | 2,268 |
| Q3 2024 | 2,287 |
| Q4 2024 | 2,389 |
| Q1 2025 | 2,372 |
| Q2 2025 | 2,420 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 927 | 972 |
| Q4 2023 | 854 | 1,096 |
| Q1 2024 | 975 | 1,018 |
| Q2 2024 | 996 | 982 |
| Q3 2024 | 998 | 1,002 |
| Q4 2024 | 1,021 | 979 |
| Q1 2025 | 1,077 | 1,067 |
| Q2 2025 | 1,080 | 1,109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.1bn | $2.5bn | 0.81 |
| Q4 2024 | $2.8bn | $2.6bn | 0.94 |
| Q1 2025 | $2.4bn | $2.1bn | 0.88 |
| Q2 2025 | $2.7bn | $2.5bn | 0.93 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +5.4m |
| CITADEL ADVISORS LLC | Added | +3.1m |
| Soundwatch Capital LLC | Added | +3.0m |
| JPMORGAN CHASE & CO | Added | +2.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.4m |
| GOLDMAN SACHS GROUP INC | Added | +2.1m |
| BANK OF AMERICA CORP /DE/ | Added | +1.9m |
| Assenagon Asset Management S.A. | Added | +1.9m |
| VANGUARD GROUP INC | Added | +1.4m |
| FIL Ltd | Added | +1.4m |
Biggest sellers
| BlackRock, Inc. | Reduced | -6.9m |
| Capital Research Global Investors | Reduced | -2.8m |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -1.7m |
| California Public Employees Retirement System | Reduced | -1.4m |
| JENSEN INVESTMENT MANAGEMENT INC | Reduced | -1.2m |
| Capital World Investors | Sold out | -1.0m |
| MONTRUSCO BOLTON INVESTMENTS INC. | Sold out | -924.0k |
| FRANKLIN RESOURCES INC | Reduced | -796.5k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -787.4k |
| Bank of New York Mellon Corp | Reduced | -769.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $477.7m2.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $368.5m1.8m shares |
| JANE STREET GROUP, LLC | Added | $334.9m1.6m shares |
| ROYAL BANK OF CANADA | Added | $218.0m1.1m shares |
| Twin Tree Management, LP | Reduced | $120.1m578.7k shares |
| PEAK6 LLC | Added | $109.0m525.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $95.7m460.7k shares |
| IMC-Chicago, LLC | Added | $93.9m452.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $90.0m433.6k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $74.4m358.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $555.6m2.7m shares |
| JANE STREET GROUP, LLC | Added | $351.8m1.7m shares |
| CITADEL ADVISORS LLC | Added | $301.5m1.5m shares |
| Qube Research & Technologies Ltd | Reduced | $147.0m708.0k shares |
| D. E. Shaw & Co., Inc. | Added | $111.9m539.2k shares |
| ADAPT Investment Managers SA | Added | $103.8m500.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $82.9m399.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $82.5m397.5k shares |
| CITIGROUP INC | Reduced | $74.1m356.8k shares |
| IMC-Chicago, LLC | Added | $64.9m312.4k 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 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.
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 2023 | 0 | — | 2 | $4.8m | — |
| Q4 2023 | 0 | — | 1 | $1.8m | — |
| Q1 2024 | 0 | — | 1 | $278.8k | — |
| Q2 2024 | 0 | — | 3 | $95.2m | — |
| Q3 2024 | 0 | — | 10 | $17.7m | — |
| Q4 2024 | 0 | — | 8 | $29.3m | — |
| Q1 2025 | 0 | — | 4 | $100.7m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.32% of their portfolio | 95.4m $19.8bn | Added +1.4m |
| BlackRock, Inc. 0.31% of their portfolio | 76.8m $16.0bn | Reduced -6.9m |
| STATE STREET CORP 0.34% of their portfolio | 43.3m $9.0bn | Added +1.1m |
| JPMORGAN CHASE & CO 0.43% of their portfolio | 30.1m $6.3bn | Added +2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.32% of their portfolio | 22.2m $4.6bn | Added +279.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.79% of their portfolio | 21.9m $4.6bn | Added +10.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.73% of their portfolio | 19.3m $4.0bn | Reduced -300.6k |
| BANK OF AMERICA CORP /DE/ 0.32% of their portfolio | 19.1m $4.0bn | Added +1.9m |
| Capital Research Global Investors 0.66% of their portfolio | 15.8m $3.3bn | Reduced -2.8m |
| ROYAL BANK OF CANADA 0.31% of their portfolio | 15.3m $3.2bn | Added +5.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.34% of their portfolio | 14.3m $3.0bn | Added +1.1m |
| Invesco Ltd. 0.50% of their portfolio | 14.1m $2.9bn | Added +443.7k |
| NORGES BANK 0.35% of their portfolio | 13.7m $2.8bn | Added +965.8k |
| PRIMECAP MANAGEMENT CO/CA/ 2.03% of their portfolio | 12.3m $2.6bn | Reduced -1.7m |
| MORGAN STANLEY 0.16% of their portfolio | 11.7m $2.4bn | Reduced -258.7k |
| ALLIANCEBERNSTEIN L.P. 0.76% of their portfolio | 11.3m $2.3bn | Added +616.9k |
| Bank of New York Mellon Corp 0.43% of their portfolio | 10.9m $2.3bn | Reduced -769.8k |
| GOLDMAN SACHS GROUP INC 0.36% of their portfolio | 10.9m $2.3bn | Added +2.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.45% of their portfolio | 10.7m $2.2bn | Added +2.4m |
| NORTHERN TRUST CORP 0.29% of their portfolio | 10.3m $2.1bn | Reduced -214.5k |
| VAN ECK ASSOCIATES CORP 1.76% of their portfolio | 7.5m $1.6bn | Added +409.9k |
| FIL Ltd 1.30% of their portfolio | 7.3m $1.5bn | Added +1.4m |
| FRANKLIN RESOURCES INC 0.39% of their portfolio | 7.1m $1.5bn | Reduced -796.5k |
| Capital International Investors 0.25% of their portfolio | 7.1m $1.5bn | Reduced -362.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.46% of their portfolio | 6.9m $1.4bn | Reduced -547.6k |
| Legal & General Group Plc 0.33% of their portfolio | 6.5m $1.3bn | Reduced -95.0k |
| UBS Group AG 0.28% of their portfolio | 6.4m $1.3bn | Reduced -258.1k |
| Amundi 0.44% of their portfolio | 5.9m $1.3bn | Added +95.5k |
| BARCLAYS PLC 0.38% of their portfolio | 4.7m $969.6m | Reduced -567.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.90% of their portfolio | 4.6m $958.2m | Added +65.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.76% of their portfolio | 4.6m $950.3m | Added +810.6k |
| Fayez Sarofim & Co 2.25% of their portfolio | 4.5m $936.6m | Reduced -192.9k |
| Nuveen, LLC 0.26% of their portfolio | 4.5m $927.0m | Added +506.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.81% of their portfolio | 4.4m $914.1m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.19% of their portfolio | 4.0m $840.7m | Added +56.1k |
| First Eagle Investment Management, LLC 1.61% of their portfolio | 3.9m $803.8m | Added +241.2k |
| CITADEL ADVISORS LLC 0.68% of their portfolio | 3.8m $785.7m | Added +3.1m |
| DEUTSCHE BANK AG\ 0.29% of their portfolio | 3.8m $783.8m | Reduced -296.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.65% of their portfolio | 3.7m $767.6m | Added +812.5k |
| AMERIPRISE FINANCIAL INC 0.19% of their portfolio | 3.7m $753.6m | Reduced -712.6k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 3.40% of their portfolio | 3.6m $739.6m | Added +121.7k |
| Rafferty Asset Management, LLC 2.41% of their portfolio | 3.5m $729.3m | Added +791.6k |
| Assenagon Asset Management S.A. 1.15% of their portfolio | 3.5m $726.8m | Added +1.9m |
| BNP PARIBAS FINANCIAL MARKETS 0.53% of their portfolio | 3.3m $681.0m | Added +287.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.60% of their portfolio | 3.2m $672.9m | Reduced -114.0k |
| HSBC HOLDINGS PLC 0.42% of their portfolio | 3.2m $659.3m | Reduced -371.0k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 3.1m $651.1m | Added +49.0k |
| CITIGROUP INC 0.45% of their portfolio | 3.1m $646.1m | Added +266.9k |
| JENNISON ASSOCIATES LLC 0.37% of their portfolio | 3.0m $621.2m | Added +777.6k |
| Soundwatch Capital LLC 0.72% of their portfolio | 3.0m $4.2m | Added +3.0m |
| STIFEL FINANCIAL CORP 0.60% of their portfolio | 3.0m $614.1m | Added +54.4k |
| Swiss National Bank 0.34% of their portfolio | 2.8m $571.9m | Added +181.7k |
| Fundsmith LLP 2.45% of their portfolio | 2.7m $564.8m | Reduced -5.5k |
| NEUBERGER BERMAN GROUP LLC 0.41% of their portfolio | 2.6m $537.0m | Reduced -193.0k |
| Alecta Tjanstepension Omsesidigt 2.51% of their portfolio | 2.6m $536.0m | Reduced -220.0k |
| California Public Employees Retirement System 0.32% of their portfolio | 2.4m $495.2m | Reduced -1.4m |
| Davis Selected Advisers 2.64% of their portfolio | 2.4m $494.2m | Reduced -50.8k |
| BAILLIE GIFFORD & CO 0.36% of their portfolio | 2.3m $484.9m | Reduced -57.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.30% of their portfolio | 2.3m $480.6m | Reduced -162 |
| BANQUE PICTET & CIE SA 4.64% of their portfolio | 2.1m $445.7m | Reduced -80.1k |
| FIRST TRUST ADVISORS LP 0.35% of their portfolio | 2.1m $437.4m | Reduced -151.5k |
| BANK OF MONTREAL /CAN/ 0.22% of their portfolio | 2.1m $432.0m | Reduced -99.1k |
| D. E. Shaw & Co., Inc. 0.43% of their portfolio | 2.1m $430.2m | Added +308.4k |
| FMR LLC 0.02% of their portfolio | 2.1m $426.4m | Reduced -46.2k |
| LONDON CO OF VIRGINIA 2.31% of their portfolio | 2.0m $408.9m | Reduced -49.5k |
| Clearbridge Investments, LLC 0.33% of their portfolio | 1.9m $400.5m | Added +866.1k |
| National Pension Service 0.34% of their portfolio | 1.9m $394.4m | Reduced -123.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 1.8m $367.6m | Added +137.5k |
| RHUMBLINE ADVISERS 0.31% of their portfolio | 1.7m $361.6m | Reduced -14.8k |
| RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio | 1.7m $356.5m | Added +123.4k |
| Winslow Capital Management, LLC 1.14% of their portfolio | 1.7m $342.6m | Added +174.1k |
| Bahl & Gaynor LLC 1.69% of their portfolio | 1.6m $333.5m | Reduced -601.0k |
| ProShare Advisors LLC 0.65% of their portfolio | 1.6m $327.4m | Added +72.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.33% of their portfolio | 1.4m $294.4m | Added +6.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.18% of their portfolio | 1.4m $284.1m | Added +189.0k |
| Metropolis Capital Ltd 8.95% of their portfolio | 1.4m $282.2m | Reduced -106.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.55% of their portfolio | 1.3m $272.1m | Reduced -28.3k |
| Rothschild & Co Wealth Management UK Ltd 3.99% of their portfolio | 1.3m $268.1m | Added +3.6k |
| Corient Private Wealth LP 0.35% of their portfolio | 1.3m $264.6m | Reduced -17.7k |
| PNC Financial Services Group, Inc. 0.17% of their portfolio | 1.3m $264.4m | Reduced -15.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 1.2m $256.8m | Added +640.7k |
| Findlay Park Partners LLP 2.56% of their portfolio | 1.2m $248.7m | Added +372.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.32% of their portfolio | 1.2m $241.7m | Added +27.5k |
| Bank Julius Baer & Co. Ltd, Zurich 0.69% of their portfolio | 1.1m $233.5m | Reduced -509.4k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.52% of their portfolio | 1.1m $229.8m | Reduced -244.6k |
| DekaBank Deutsche Girozentrale 0.40% of their portfolio | 1.1m $226.1m | Reduced -25.4k |
| Mirae Asset Global Investments Co., Ltd. 0.79% of their portfolio | 1.1m $225.9m | Added +22.2k |
| Local Pensions Partnership Investment Ltd 4.14% of their portfolio | 1.1m $224.5m | Reduced -17.5k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 1.29% of their portfolio | 1.1m $224.2m | Added +8.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 1.1m $220.9m | Reduced -44.1k |
| Hamlin Capital Management, LLC 4.95% of their portfolio | 1.0m $214.0m | Added +128.4k |
| Squarepoint Ops LLC 0.47% of their portfolio | 1.0m $211.8m | Added +220.0k |
| Guinness Asset Management LTD 3.74% of their portfolio | 1.0m $209.0m | Added +14.7k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.51% of their portfolio | 1.0m $208.6m | Added +332.2k |
| FUNDSMITH INVESTMENT SERVICES LTD. 2.82% of their portfolio | 1.0m $208.0m | Added +65.5k |
| Impax Asset Management Group plc 1.12% of their portfolio | 939.8k $195.1m | Reduced -183.9k |
| NATIONAL BANK OF CANADA /FI/ 0.21% of their portfolio | 931.1k $193.3m | Added +87.0k |
| Aberdeen Group plc 0.33% of their portfolio | 925.2k $192.3m | Reduced -28.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.32% of their portfolio | 880.6k $182.8m | Added +4.4k |
| BROWN BROTHERS HARRIMAN & CO 1.17% of their portfolio | 873.7k $181.4m | Reduced -267.2k |