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NYSE · Technology

TAIWAN SEMICONDUCTOR MANUFAC TSM

TSMC is the leading global foundry for advanced manufacturing and packaging. It is a critical supply-chain node for AI, smartphones, high-performance computing, automotive, and consumer chips.

Sources TSMC investor relations investor.tsmc.com
Foundry

Company profile

Business mix

  • Advanced-node foundry manufacturing for customers such as Apple, NVIDIA, AMD, and Qualcomm.
  • High-performance computing, smartphones, IoT, automotive, and consumer electronics are the main end markets.
  • Advanced packaging and global capacity expansion affect AI supply and capital intensity.

Current key questions

  • Does AI and HPC demand keep advanced nodes and packaging supply tight?
  • How do capex, depreciation, gross margin, and pricing power evolve?
  • How do Taiwan geopolitical risk and overseas fab costs affect valuation?
Holders 30 Current sample portfolio
Public mentions 10 Videos / interviews / letters
Valuation snapshot
PE 32.55 FCF 1.72% Buyback -0.01%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Coatue Management Philippe Laffont 10.8% $3.1B 2026-03-31
Sands Capital Management Frank Sands 7.8% $2.0B 2026-03-31
Tiger Global Management Chase Coleman 8.2% $1.9B 2026-03-31
Alkeon Capital Management 3.1% $1.8B 2026-03-31
Eagle Capital Management 5.5% $1.6B 2026-03-31
Viking Global Investors Andreas Halvorsen 4.2% $1.5B 2026-03-31
First Eagle legacy Jean-Marie Eveillard 1.7% $1.3B 2026-03-31
Stockbridge Partners 17.6% $727.2M 2026-03-31
Soroban Capital Partners Eric Mandelblatt 1.3% $652.8M 2026-03-31
Lone Pine Capital Stephen Mandel 3.7% $469.6M 2026-03-31
Altimeter Capital Management Brad Gerstner 8.1% $461.5M 2026-03-31
Appaloosa David Tepper 7.6% $448.6M 2026-03-31
Baillie Gifford legacy James Anderson 0.4% $433.3M 2026-03-31
Sequoia Fund 6.8% $408.4M 2026-03-31
Bridgewater Associates Ray Dalio 1.6% $364.0M 2026-03-31
Whale Rock Capital Management Alex Sacerdote 3.6% $276.9M 2026-03-31
Baron Capital Ron Baron 0.6% $215.0M 2026-03-31
Soros Fund Management George Soros 1.9% $176.5M 2026-03-31
Eminence Capital Ricky Sandler 3.3% $142.5M 2026-03-31
Third Point Dan Loeb 4.5% $92.9M 2026-03-31
Polen Capital Management 0.4% $59.0M 2026-03-31
H&H International Investment Duan Yongping 0.3% $51.1M 2026-03-31
Wedgewood Partners David Rolfe 9.0% $43.7M 2026-03-31
Fairfax Financial Prem Watsa 1.6% $31.7M 2026-03-31
Mar Vista Investment Partners 3.1% $30.6M 2026-03-31
Greenwoods / Jinglin George Jiang 0.7% $28.1M 2026-03-31
Weitz Investment Management Wallace Weitz 0.5% $6.8M 2026-03-31
HHLR Advisors / Hillhouse Lei Zhang 0.3% $5.2M 2026-03-31
Giverny Capital Francois Rochon 0.1% $2.7M 2026-03-31
Duquesne Family Office Stanley Druckenmiller 5.0% $167,380 2026-03-31

Recent trading changes over the last 4 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 14 Last 4 13F filing periods
Net reducers 17 Last 4 13F filing periods
Unchanged holders 1 Share count unchanged
Increase amount $3.2B Estimated from net added shares
Reduction amount $6.7B Estimated from net reduced shares
Net share change / base shares -16.0% -10,489,367 / 65,714,408
H&H International Investment Duan Yongping 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -4.3% 13F value change +$13.8M
13F 2025-09-30 Filed 2025-11-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 370.9% 13F value change +$299.5M
13F 2026-03-31 Filed 2026-05-19
Major reduction Shares -87.7% 13F value change -$321.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-19
Base shares 271,792 Last 4 periods -120,592 (-44.4%) Total shares 151,200 Value $51.1M
Appaloosa David Tepper 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major increase Shares 279.6% 13F value change +$187.3M
13F 2025-09-30 Filed 2025-11-13
Minor increase Shares 3.4% 13F value change +$63.9M
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 6.6% 13F value change +$47.3M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 17.5% 13F value change +$105.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 270,000 Last 4 periods +1,057,500 (+391.7%) Total shares 1,327,500 Value $448.6M
Third Point Dan Loeb 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major reduction Shares -19.7% 13F value change +$28.4M
13F 2025-09-30 Filed 2025-11-14
Major reduction Shares -23.1% 13F value change -$16.7M
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -61.4% 13F value change -$178.1M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -35.3% 13F value change -$36.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 1,780,000 Last 4 periods -1,505,000 (-84.6%) Total shares 275,000 Value $92.9M
Coatue Management Philippe Laffont 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 1.4% 13F value change +$506.0M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 0.1% 13F value change +$427.2M
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 6.9% 13F value change +$367.8M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 7.6% 13F value change +$514.9M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 7,960,037 Last 4 periods +1,323,510 (+16.6%) Total shares 9,283,547 Value $3.1B
Tiger Global Management Chase Coleman 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 7.9% 13F value change +$332.9M
13F 2025-09-30 Filed 2025-11-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -18.6% 13F value change -$146.6M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 49.4% 13F value change +$748.6M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 4,241,474 Last 4 periods +1,323,600 (+31.2%) Total shares 5,565,074 Value $1.9B
HHLR Advisors / Hillhouse Lei Zhang 4 filing periods
13F 2025-03-31 Filed 2025-05-15
New Shares - 13F value change +$5.5M
13F 2025-06-30 Filed 2025-08-14
Sold out Shares -100.0% 13F value change -$5.5M
13F 2025-12-31 Filed 2026-02-17
New Shares - 13F value change +$3.4M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 37.3% 13F value change +$1.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +15,520 (New) Total shares 15,520 Value $5.2M
Lone Pine Capital Stephen Mandel 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -11.1% 13F value change +$136.5M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -11.2% 13F value change +$74.3M
13F 2025-12-31 Filed 2026-02-17
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -54.5% 13F value change -$458.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 3,865,381 Last 4 periods -2,475,851 (-64.1%) Total shares 1,389,530 Value $469.6M
Viking Global Investors Andreas Halvorsen 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -11.5% 13F value change +$168.9M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -8.9% 13F value change +$121.1M
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 24.6% 13F value change +$392.0M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -9.2% 13F value change +$15.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 4,889,247 Last 4 periods -424,120 (-8.7%) Total shares 4,465,127 Value $1.5B
Duquesne Family Office Stanley Druckenmiller 4 filing periods
13F 2025-06-30 Filed 2025-08-15
Major increase Shares 27.8% 13F value change +$73,887
13F 2025-09-30 Filed 2025-11-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -29.0% 13F value change -$48,643
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -8.8% 13F value change +$2,342
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 598,780 Last 4 periods -103,500 (-17.3%) Total shares 495,280 Value $167,380
Bridgewater Associates Ray Dalio 1 filing periods
13F 2026-03-31 Filed 2026-05-15
New Shares - 13F value change +$364.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +1,077,079 (New) Total shares 1,077,079 Value $364.0M
Soros Fund Management George Soros 4 filing periods
13F 2025-06-30 Filed 2025-08-14
New Shares - 13F value change +$28.4M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 8.5% 13F value change +$9.6M
13F 2025-12-31 Filed 2026-02-13
Major increase Shares 157.1% 13F value change +$68.3M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 49.3% 13F value change +$70.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +522,318 (New) Total shares 522,318 Value $176.5M
Fairfax Financial Prem Watsa 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major reduction Shares -33.9% 13F value change -$2.3M
13F 2025-09-30 Filed 2025-11-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-15
Unchanged Shares 0.0% 13F value change $0
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 141,700 Last 4 periods -48,000 (-33.9%) Total shares 93,700 Value $31.7M
Giverny Capital Francois Rochon 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 3870.6% 13F value change +$125.5M
13F 2025-12-31 Filed 2026-02-13
Major reduction Shares -96.5% 13F value change -$123.2M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -49.4% 13F value change -$2.1M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 11,550 Last 4 periods -3,425 (-29.7%) Total shares 8,125 Value $2.7M
Baron Capital Ron Baron 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -9.9% 13F value change +$24.4M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 4.6% 13F value change +$38.0M
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 4.7% 13F value change +$23.6M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 0.3% 13F value change +$22.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 643,097 Last 4 periods -6,830 (-1.1%) Total shares 636,267 Value $215.0M
Sequoia Fund 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 2.8% 13F value change +$124.5M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -1.9% 13F value change +$91.2M
13F 2025-12-31 Filed 2026-02-13
Major reduction Shares -24.4% 13F value change -$93.5M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -15.0% 13F value change -$23.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 1,866,293 Last 4 periods -657,874 (-35.3%) Total shares 1,208,419 Value $408.4M
Eagle Capital Management 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -2.1% 13F value change +$286.6M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -0.1% 13F value change +$265.4M
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -1.5% 13F value change +$100.4M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -1.7% 13F value change +$141.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 5,150,417 Last 4 periods -272,142 (-5.3%) Total shares 4,878,275 Value $1.6B
Whale Rock Capital Management Alex Sacerdote 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major increase Shares 15.5% 13F value change +$50.2M
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 20.0% 13F value change +$65.8M
13F 2025-12-31 Filed 2026-02-17
Major reduction Shares -18.4% 13F value change -$22.8M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 38.2% 13F value change +$96.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 524,453 Last 4 periods +294,992 (+56.2%) Total shares 819,445 Value $276.9M
Alkeon Capital Management 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -9.5% 13F value change +$239.1M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -5.4% 13F value change +$210.0M
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 3.3% 13F value change +$182.7M
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -0.3% 13F value change +$179.5M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 6,150,977 Last 4 periods -729,309 (-11.9%) Total shares 5,421,668 Value $1.8B
Altimeter Capital Management Brad Gerstner 4 filing periods
13F 2025-06-30 Filed 2025-08-14
New Shares - 13F value change +$196.4M
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 23.2% 13F value change +$102.1M
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 14.1% 13F value change +$72.0M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 12.0% 13F value change +$91.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +1,365,675 (New) Total shares 1,365,675 Value $461.5M
Stockbridge Partners 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major increase Shares 135.5% 13F value change +$346.0M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -4.0% 13F value change +$92.1M
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -0.4% 13F value change +$50.1M
13F 2026-03-31 Filed 2026-05-15
Minor increase Shares 1.5% 13F value change +$82.6M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 941,661 Last 4 periods +1,210,014 (+128.5%) Total shares 2,151,675 Value $727.2M
Soroban Capital Partners Eric Mandelblatt 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major increase Shares 22.9% 13F value change +$168.7M
13F 2025-09-30 Filed 2025-11-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 43.3% 13F value change +$223.1M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -26.9% 13F value change -$85.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 1,500,256 Last 4 periods +431,274 (+28.7%) Total shares 1,931,530 Value $652.8M
Eminence Capital Ricky Sandler 1 filing periods
13F 2026-03-31 Filed 2026-05-15
New Shares - 13F value change +$142.5M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 0 Last 4 periods +421,673 (New) Total shares 421,673 Value $142.5M
Wedgewood Partners David Rolfe 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Major reduction Shares -16.6% 13F value change +$1.1M
13F 2025-09-30 Filed 2025-11-14
Minor reduction Shares -4.2% 13F value change +$5.7M
13F 2025-12-31 Filed 2026-02-17
Minor reduction Shares -2.4% 13F value change +$3.3M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -30.0% 13F value change -$12.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 236,813 Last 4 periods -107,460 (-45.4%) Total shares 129,353 Value $43.7M
Polen Capital Management 3 filing periods
13F 2025-09-30 Filed 2025-11-12
New Shares - 13F value change +$49.5M
13F 2025-12-31 Filed 2026-02-12
Minor increase Shares 13.3% 13F value change +$11.5M
13F 2026-03-31 Filed 2026-05-14
Minor reduction Shares -12.9% 13F value change -$1.9M
Settlement As of 13F 2026-03-31 · Filed 2026-05-14
Base shares 0 Last 4 periods +174,686 (New) Total shares 174,686 Value $59.0M
Weitz Investment Management Wallace Weitz 1 filing periods
13F 2026-03-31 Filed 2026-05-14
New Shares - 13F value change +$6.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-14
Base shares 0 Last 4 periods +20,000 (New) Total shares 20,000 Value $6.8M
Mar Vista Investment Partners 2 filing periods
13F 2025-12-31 Filed 2026-02-17
New Shares - 13F value change +$42.0M
13F 2026-03-31 Filed 2026-05-13
Major reduction Shares -34.5% 13F value change -$11.4M
Settlement As of 13F 2026-03-31 · Filed 2026-05-13
Base shares 0 Last 4 periods +90,434 (New) Total shares 90,434 Value $30.6M
GQG Partners Rajiv Jain 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Major reduction Shares -18.2% 13F value change +$133.4M
13F 2025-09-30 Filed 2025-11-13
Major reduction Shares -38.3% 13F value change -$307.2M
13F 2025-12-31 Filed 2026-02-13
Major reduction Shares -47.6% 13F value change -$419.6M
13F 2026-03-31 Filed 2026-05-12
Major reduction Shares -90.3% 13F value change -$497.0M
Settlement As of 13F 2026-03-31 · Filed 2026-05-12
Base shares 6,928,284 Last 4 periods -6,751,467 (-97.4%) Total shares 176,817 Value $59.8M
First Eagle legacy Jean-Marie Eveillard 4 filing periods
13F 2025-06-30 Filed 2025-08-06
Major increase Shares 18.6% 13F value change +$578.8M
13F 2025-09-30 Filed 2025-11-12
Minor increase Shares 0.1% 13F value change +$355.3M
13F 2025-12-31 Filed 2026-02-04
Minor reduction Shares -11.4% 13F value change -$66.6M
13F 2026-03-31 Filed 2026-05-12
Major reduction Shares -34.3% 13F value change -$485.9M
Settlement As of 13F 2026-03-31 · Filed 2026-05-12
Base shares 5,645,248 Last 4 periods -1,743,111 (-30.9%) Total shares 3,902,137 Value $1.3B
Greenwoods / Jinglin George Jiang 4 filing periods
13F 2025-06-30 Filed 2025-08-08
Major reduction Shares -91.7% 13F value change -$231.6M
13F 2025-09-30 Filed 2025-11-10
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-06
Major reduction Shares -31.6% 13F value change -$9.4M
13F 2026-03-31 Filed 2026-05-08
Minor reduction Shares -7.5% 13F value change +$770,200
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 1,574,557 Last 4 periods -1,491,505 (-94.7%) Total shares 83,052 Value $28.1M
Baillie Gifford legacy James Anderson 4 filing periods
13F 2025-06-30 Filed 2025-08-06
Minor reduction Shares -9.2% 13F value change +$98.9M
13F 2025-09-30 Filed 2025-10-31
Major reduction Shares -31.0% 13F value change -$76.2M
13F 2025-12-31 Filed 2026-01-23
Minor reduction Shares -14.5% 13F value change -$30.7M
13F 2026-03-31 Filed 2026-05-08
Minor reduction Shares -4.1% 13F value change +$27.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 2,495,073 Last 4 periods -1,212,823 (-48.6%) Total shares 1,282,250 Value $433.3M
Sands Capital Management Frank Sands 4 filing periods
13F 2025-06-30 Filed 2025-08-13
Minor increase Shares 6.5% 13F value change +$604.5M
13F 2025-09-30 Filed 2025-11-13
Minor increase Shares 8.2% 13F value change +$647.0M
13F 2025-12-31 Filed 2026-02-13
Major reduction Shares -26.2% 13F value change -$509.6M
13F 2026-03-31 Filed 2026-05-08
Minor reduction Shares -14.1% 13F value change -$93.1M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 8,027,318 Last 4 periods -2,164,633 (-27.0%) Total shares 5,862,685 Value $2.0B
Corvex Management Keith Meister 2 filing periods
13F 2025-03-31 Filed 2025-05-15
New Shares - 13F value change +$51.5M
13F 2025-06-30 Filed 2025-08-14
Sold out Shares -100.0% 13F value change -$51.5M
Settlement As of 13F 2025-06-30 · Filed 2025-08-14
Base shares 0 Last 4 periods +0 (New) Total shares 0 Value $0

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James Anderson Long-Term Growth Investing Interview

Baillie Gifford legacy · James Anderson

Baillie Gifford Public Interview Reviewing James Anderson's framework for long-term growth investing, innovative companies, and holding ultra-long cycle winners.

Interview

2023 Berkshire Hathaway Annual Meeting

Berkshire Hathaway · Warren Buffett

Buffett shared the stage with Munger to answer questions about the banking crisis, Apple, Occidental, TSMC, AI, Sino-US relations, and the resilience of the US economy. It was one of Munger's last major public Q&A sessions.

Shareholder meeting

Mentioned by firms

Sequoia Fund GQG Partners Rajiv Jain H&H International Investment Duan Yongping Third Point Dan Loeb Coatue Management Philippe Laffont Himalaya Capital Li Lu Baillie Gifford legacy James Anderson Berkshire Hathaway Warren Buffett