Institutions add to TSMC stakes

Institutional investors kept adding to Taiwan Semiconductor Manufacturing in new United States filings, extending a wave of buying into the world’s biggest contract chipmaker. (marketbeat.com) KG&L Capital Management said in a fourth-quarter Form 13F filing that it raised its Taiwan Semiconductor stake by 20.8%, buying 3,598 shares to end the quarter with 20,925 shares worth about $6.36 million. Taiwan Semiconductor made up 1.6% of the firm’s portfolio and ranked as its 14th-largest holding. (marketbeat.com) MarketBeat’s institutional-ownership tracker shows Taiwan Semiconductor with 16.51% institutional ownership, 2,520 institutional buyers over the last 12 months, and $33.44 billion of reported inflows against $31.51 billion of outflows. Those filings are delayed snapshots, but they show professional investors were still accumulating shares through late 2025. (marketbeat.com) Taiwan Semiconductor is the factory behind chips designed by companies such as Nvidia and Apple. Its business model is simple to describe and hard to replicate: customers design chips, and Taiwan Semiconductor manufactures them at scale on leading process nodes. (tsmc.com) That manufacturing lead showed up in the company’s 2025 results. Taiwan Semiconductor said full-year 2025 revenue rose 31.6% to NT$3.81 trillion, while advanced technologies at 7 nanometers and below accounted for 74% of wafer revenue, up from 69% in 2024. (investor.tsmc.com) The company also told investors that first-quarter 2025 revenue was partly supported by “continued growth in AI-related demand.” By the fourth quarter of 2025, it was guiding first-quarter 2026 revenue to $34.6 billion to $35.8 billion, above the $33.73 billion it reported for the fourth quarter of 2025. (investor.tsmc.com 1) (investor.tsmc.com 2) At the same time, investors are weighing concentration risk around Taiwan against Taiwan Semiconductor’s effort to spread production. The company says facilities it manages exceeded 17 million 12-inch equivalent wafers of annual capacity in 2025, with most major fabs still in Taiwan and additional production in China, Japan and the United States. (tsmc.com) The United States expansion has become much larger over the past year. Taiwan Semiconductor said on March 4, 2025 that it planned to add $100 billion to its United States investment, bringing the total expected commitment in Arizona to $165 billion. (tsmc.com) Its Arizona project is now split across three fabs. Taiwan Semiconductor says the first fab is on track for 4-nanometer production in the first half of 2025, the second is set for 2-nanometer and 3-nanometer production in 2028, and a third fab broke ground in April 2025 for N2 and A16 technologies. (tsmc.com 1) (tsmc.com 2) The new stake increases do not settle the bigger debate over valuation or geopolitics. They do show that, as of the latest available filings, some money managers were still willing to buy more of the company at the center of the artificial-intelligence chip boom. (marketbeat.com)