What smart money is saying about Taiwan Semiconductor Manufacturing Co Ltd

TSM · Technology · Semiconductors · Market cap $2251.50B

30 funds in our archive have pitched Taiwan Semiconductor Manufacturing Co Ltd — most recently Guinness Emerging Markets Equity Income Fund in July 2026.

Company profile

Taiwan Semiconductor Manufacturing Company Limited (TSMC), along with its affiliated entities, operates globally in the semiconductor industry, specializing in the manufacturing, packaging, meticulous testing, and worldwide distribution of integrated circuits and other crucial semiconductor components. Its expansive international presence covers key markets such as Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company is renowned for its diverse array of wafer fabrication processes. These capabilities enable the production of various advanced semiconductor types, including complementary metal-oxide-semiconductor (CMOS) logic, mixed-signal devices, radio frequency components, embedded memory, and bipolar CMOS mixed-signal circuits. Beyond its core foundry services, TSMC extends its offerings to include dedicated customer and engineering support. It also undertakes the production of specialized masks, actively invests in burgeoning technology startups, and manages the entire lifecycle—from research and development through to manufacturing, packaging, testing, and sales—of color filters. Furthermore, the company provides a range of investment services. TSMC's cutting-edge products are indispensable across numerous sectors, powering high-performance computing, modern smartphones, Internet of Things (IoT) ecosystems, sophisticated automotive systems, and a broad spectrum of digital consumer electronics. Established in 1987, the enterprise is officially headquartered in Hsinchu City, Taiwan.

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Reported positions

Bought

Sold

Letters

Position history

Between Q4 2024 and Q3 2026, 66 fund letters reported a position in Taiwan Semiconductor Manufacturing Co Ltd — 5 opened or added to the position, 10 trimmed or exited.

Fund letters reporting a position in Taiwan Semiconductor Manufacturing Co Ltd, by quarter
Quarter	Letters	Bought	Sold	Theses
Q3 2026	6	0	0	1
Q2 2026	48	4	7	8
Q1 2026	12	1	3	6
Q4 2025	0	0	0	6
Q3 2025	0	0	0	2
Q2 2025	0	0	0	3
Q1 2025	0	0	0	2
Q4 2024	0	0	0	2

Fund activity · 67 positions · 15 moves

HoldsHarding Loevner International Equity
July 2026
Listed in Harding Loevner International Equity’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsACATIS Investment Report
July 2026
“Semicon- ductor companies such as Lam Research, Kokusai Electric, Naura, TSMC and Lasertec proved to be the main drivers almost throughout.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Emerging Markets Equity Income Fund
July 2026
“In semiconductors, TSMC, which the Fund does hold, also performed well, but the Fund's equally-weighted portfolio construction results in a structural underweight relative to the benchmark.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Global Innovators Fund
July 2026
“TSMC also stands out on the logic side, with expected capex growth rising to 42%, reflecting stronger demand for advanced foundry and packaging capacity.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Greater China Fund
July 2026
“The Fund had a 13.7% allocation to Taiwan and a 6.0% position in TSMC.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Asian Equity Income Fund
July 2026
“TSMC (+54.3%) remains a key manufacturing bottleneck for the AI hardware super-cycle.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaron International Growth Fund
June 2026
“We retain long-term conviction in TSMC and view its leading-edge manufacturing monopoly, pricing power, and 2-nanometer technology roadmap as durable advantages that support multi-year earnings power.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
AddedHarding Loevner Global Equity
June 2026
“For example, our assessment of competitive advantage places NVIDIA, TSMC, and ASML above most other semiconductor-related businesses.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaillie Gifford Emerging Markets Q2 investor letter
June 2026
“We have held TSMC and Samsung Electronics continuously in our emerging markets strategies since the 2000s.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners Global Equity Fund
June 2026
“AI-related investment propelled Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung to new highs.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsMar Vista U.S. Quality Premier Portfolio
June 2026
Listed in Mar Vista U.S. Quality Premier Portfolio’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedRoyal London AM US Equity Fund (IRL)
June 2026
“We also trimmed TSMC following a period of strong share price performance, although it remains a significant active position within the portfolio.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners Antero Peak Strategy
June 2026
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaron Emerging Markets Fund
June 2026
“We retain long-term conviction in TSMC and view its leading-edge manufacturing monopoly, pricing power, and 2-nanometer technology roadmap as durable advantages that support multi-year earnings power.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsRoyal London AM Global Equity Select Fund (IRL)
June 2026
“Holdings in the Intel, SK Square, TSMC and ASM International were among the fund's strongest contributors.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsRoyal London AM Global Equity Income Fund
June 2026
“Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 2.85”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedRoyal London AM Global Equity Diversified Fund
June 2026
“We also trimmed TSMC following a period of strong share price performance, although it remains a significant active position within the portfolio.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGiverny Capital Asset Management Model Portfolio
June 2026
“Our fourth-largest position is Taiwan Semiconductor, which is up nearly 100% since we bought it last summer.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHood River CM Emerging Markets Fund
June 2026
Listed in Hood River CM Emerging Markets Fund’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners Developing World Fund
June 2026
“This process has also incorporated TSMC as a store of value, which can increase in weight as a receptacle for appreciated semiconductor proceeds.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners US Focus Fund
June 2026
“Taiwan Semiconductor, Applied Materials, Analog Devices, NVIDIA, Astera Labs and Seagate contributed meaningfully as part of our Compute Infrastructure theme.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
New positionAve Maria Funds
June 2026
“The Fund also initiated positions in Intel Corporation, Nvidia Corporation, and Taiwan Semiconductor Manufacturing Company Ltd. during the quarter to increase the Fund’s exposure to the A.I. buildout.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners Global Opportunities Fund
June 2026
“TSMC is the global leader in advanced semiconductor manufacturing, with strong pricing power supported by AI-driven demand.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaron Opportunity Fund
June 2026
“Several of our AI-infrastructure and semiconductor investments also contributed to absolute and relative performance, including Taiwan Semiconductor Manufacturing Company Limited (the world’s advanced-semiconductor manufacturing champion), indie Semiconductor, Inc. (automotive semiconductor innovator), Coherent Corp. (optical technology leader), ASML Holding N.V. (the world’s dominant provider of advanced lithography semiconductor manufacturing equipment), Micron, and Broadcom.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
New positionFundsmith Equity Fund
June 2026
“We began accumulating stakes in AppLovin, GE Vernova, Legrand, Mastercard, Netflix, Nextpower, Sage, The TJX Companies, TSMC, Uber, Veeva Systems, and Yum! Brands.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsClearBridge Investments International Growth EAFE Strategy
June 2026
“Taiwan Semiconductor, the world’s largest foundry for high-end chips, was up strongly as it continued to gain pricing power due to its near monopoly on production and advanced technology.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
AddedClearBridge Investments Dividend Strategy
June 2026
“We also increased our exposure to Taiwan Semiconductor, which, as the largest producer of computer chips in the world, should prosper regardless of whose chips are used for AI computing.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsMar Vista U.S. Quality Strategy
June 2026
“Taiwan Semiconductor Manufacturing (TSM) delivered a strong quarter and raised its full-year outlook, reflecting continued robust demand for leading-edge semiconductors.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Greater China Fund
June 2026
“This predominantly came from TSMC, which continued to outperform in the month.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Greater China Fund
June 2026
Listed in Guinness Greater China Fund’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Global Innovators Fund
June 2026
“TSMC (foundry)”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGuinness Global Equity Income Fund
June 2026
Listed in Guinness Global Equity Income Fund’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedBaillie Gifford International Concentrated Growth
June 2026
“These new additions were funded by the reduction of holdings that have continued to perform strongly, TSMC and ASML in particular, as well as Delivery Hero and French luxury business Kering, which has been improving following some difficult years.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsSequoia Fund (Ruane Cunniff LP)
June 2026
Listed in Sequoia Fund (Ruane Cunniff LP)’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaillie Gifford Global Income Growth
June 2026
“TSMC and Mediatek were top contributors to relative returns.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaillie Gifford Global Durable Growth
June 2026
“TSMC and Mediatek were top contributors to relative returns.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners Non-U.S. Growth Strategy
June 2026
“AI-related investment propelled Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung to new highs.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsClearBridge Investments Value Strategy
June 2026
“Taiwan Semiconductor also contributed as leading-edge semiconductor demand and AI-related capacity investment remained strong.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedHosking Partners
June 2026
Listed in Hosking Partners’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedWedgewood Partners Large Cap Focused Strategy
June 2026
“During the quarter, we were unusually busy. We bought Hermès and sold Tractor Supply Company, Zoetis, and CDW. We increased positions in Chubb, Progressive, Meta, Amazon, Microsoft, and Visa. We trimmed United Rentals, Alphabet, and Taiwan Semiconductor Manufacturing.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHardman Johnston International Equity Strategy
June 2026
Listed in Hardman Johnston International Equity Strategy’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsVision Capital Fund
June 2026
“It is why we own NVIDIA and TSMC thus far, and not memory stocks or the AI supply chain.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsClearBridge Investments Emerging Markets Strategy
June 2026
“Taiwan Semiconductor moved higher on pricing power and a healthy backlog due to its position as the dominant foundry for leading edge chips.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedMontaka Global (Montaka Global Fund
June 2026
“We funded these investments by trimming TSMC and Alphabet, both of which have run up materially in recent months.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHarding Loevner International Developed Markets Equity ADR
June 2026
Listed in Harding Loevner International Developed Markets Equity ADR’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsAGT Partners Shareholder Letter
June 2026
“We continue to own several such great companies in our portfolio (DBS, TSMC, Tencent, CNOOC, Sheng Siong, KKR, Apollo, Microsoft etc.) and have selectively added onto them in the past quarter.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBaillie Gifford Positive Change
June 2026
“We have held both since Positive Change's inception in 2017.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsRoyal London AM Global Equity Select Fund
June 2026
“Holdings in Intel, SK Square, TSMC and ASM International were among the fund's strongest contributors.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHarding Loevner Global Developed Markets Equity
June 2026
“For example, our assessment of competitive advantage places NVIDIA, TSMC, and ASML above most other semiconductor-related businesses.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsThe London Company International Equity
June 2026
“TSM shares rose sharply during Q2, continuing to benefit from attractive demand fundamentals as AI-driven investment accelerated.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsArtisan Partners Global Equity Strategy
June 2026
“AI-related investment propelled Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung to new highs.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHardman Johnston International Equity Developed Markets
June 2026
“Taiwan Semiconductor Mfg. Co., Ltd. Taiwan 2.4 Semiconductors & Semiconductor Equipment Jan. 2021”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHL Global Equity ADR
May 2026
“Company Market Sector Alphabet US Comm Services Amazon.com US Cons Discretionary TSMC Taiwan Info Technology Microsoft US Info Technology”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHL Emerging Markets Equity
May 2026
“TSMC Taiwan Info Technology”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
ExitedCDT
May 2026
“For Taiwan Semi (TSM), we entered in the low 300s and exited at around $400 per share.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHL International Developed Markets Equity ADR
March 2026
Listed in HL International Developed Markets Equity ADR’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHardman Johnston Global Equity
March 2026
“ASML Holding NV and Taiwan Semiconductor Manufacturing Co., Ltd. were the strongest contributors”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedMar Vista U.S. Quality Strategy
March 2026
“We added to our holdings in Broadcom (AVGO), GE Aerospace (GE), Netflix (NFLX) and NVIDIA (NVDA) and trimmed Intuit (INTU), Linde (LIN) and Taiwan Semiconductor (TSM).”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHardman Johnston International Equity
March 2026
“Within Information Technology, ASML Holding NV and Taiwan Semiconductor Manufacturing Co., Ltd. were the strongest contributors”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedMar Vista U.S. Quality Premier Portfolio
March 2026
“As the share price appreciated and the margin of safety narrowed, we reduced our position to an average portfolio weight and reallocated capital to opportunities with a more favorable risk-reward profile.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBrown Advisory Large‑Cap Sustainable Growth
March 2026
“Taiwan Semiconductor Manufacturing Co (TSM), one of the world’s leading contract chip manufacturers and our largest active weight in the portfolio, saw both its 2026 and 2027 consensus EPS estimates climb by 15% during the first quarter driven by favorable management guidance and fundamental strength in its business.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
TrimmedFlexible Equity Fund
March 2026
“We exited Workday (WDAY) and trimmed Taiwan Semiconductor Manufacturing (TSM) and KLA Corporation (KLAC).”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBrown Advisory Global Leaders Sustainable Fund
March 2026
Listed in Brown Advisory Global Leaders Sustainable Fund’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsHL Global Carbon Transition Equity
March 2026
Listed in HL Global Carbon Transition Equity’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsBuffalo International Fund
March 2026
Listed in Buffalo International Fund’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
AddedBrown Advisory Global Leaders
March 2026
“We added to Taiwan Semiconductor Manufacturing Co (TSM) in November 2022.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
HoldsGiverny Capital Asset Management (GCAM) model portfolio
March 2026
Listed in Giverny Capital Asset Management (GCAM) model portfolio’s reported holdings.
Read the letterTaiwan Semiconductor Manufacturing Co Ltd

Also mentioned · 10

These funds discuss Taiwan Semiconductor Manufacturing Co Ltd — as a competitor, benchmark or comparable — without disclosing a position in it.

MentionedGuinness Global Quality Mid Cap Fund
July 2026
“TSMC also stands out on the logic side, with expected capex growth rising to 42%, reflecting stronger demand for advanced foundry and packaging capacity.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedAlpha Wealth Fund The Insiders Fund
July 2026
“The primary alternative provider in this sector is TSMC, which commands the vast majority of advanced nodes globally, with estimates indicating a market share of 80% to 90% for high-volume, cutting-edge artificial intelligence silicon.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedRoyal London AM Global Equity Enhanced Fund
June 2026
“This reflected the performance of AI- related hardware stocks, including SK Hynix, Samsung and Taiwan Semiconductor Manufacturing Co (TSMC).”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedHarding Loevner Emerging Markets Equity
June 2026
“Semiconductor giants TSMC in Taiwan and Samsung Electronics and SK hynix in South Korea have all exceeded trillion-dollar market capitalizations, while Information Technology (IT) has grown to nearly half of the index.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedGoodhart Partners Global Future Leaders Fund
June 2026
“only TSMC and Samsung could afford to purchase at the scale required.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedEast72 Dynasty Trust
June 2026
“We attended a fabulous morning debate on the industry with back-to-back presentations1 on Micron Technologies (MU), TSMC and ASML”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedClearBridge Investments Large Cap Growth Strategy
June 2026
“The largest relative contributors were Palo Alto Networks, ASML, Taiwan Semiconductor Manufacturing, Datadog and an underweight to Microsoft.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedBristlemoon Capital Bristlemoon Global Fund
June 2026
“TSMC raised its 2026 capex guide to the high end of the $52-56 billion range and disclosed that capex over the next three years will be “significantly higher” than the past three years ($101 billion).”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedHL Global Equity
May 2026
“Company Market Sector Alphabet US Comm Services Amazon.com US Cons Discretionary TSMC Taiwan Info Technology NVIDIA US Info Technology Samsung Electronics South Korea Info Technology Microsoft US Info Technology Schneider Electric France Industrials Meta Platforms US Comm Services ASML Netherlands Info Technology Netflix US Comm Services”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd
MentionedHL International Equity ADR
May 2026
“These gains reflect the continued strength in the Information Technology (IT) sector, which rose 24% as shares of AI-related semiconductor and hardware companies advanced, including ASML in the Netherlands, TSMC in Taiwan, and South Korean index heavyweights SK hynix and Samsung Electronics.”
Read the letterTaiwan Semiconductor Manufacturing Co Ltd

Fund coverage · 30 theses

Guinness Emerging Markets Equity Income Fund
July 2026
Taiwan Semiconductor Manufacturing benefits from AI and data centre demand and retains a dominant bottleneck position in advanced chip supply chains.
Read the full thesis
Mar Vista U.S. Quality Premier Portfolio
June 2026
Taiwan Semiconductor Manufacturing has technological leadership and a dominant AI-chip manufacturing position that should support above-market growth and attractive long-term returns.
Read the full thesis
Baron International Growth Fund
June 2026
Taiwan Semiconductor Manufacturing Company Limited is the leading advanced logic foundry and benefits from AI-driven demand, pricing power, and a durable technology roadmap.
Read the full thesis
Baillie Gifford Positive Change
June 2026
TSMC operates foundries that enable semiconductor efficiency and performance gains, with strong growth and rising profitability.
Read the full thesis
Harding Loevner International Developed Markets Equity
June 2026
Taiwan Semiconductor Manufacturing benefits from a differentiated manufacturing model, economies of scale, and sustained capital efficiency, while AI demand supports higher capacity, pricing, and margins.
Read the full thesis
Fundsmith Equity Fund
June 2026
TSMC is the leading contract chipmaker with a formidable manufacturing moat and long-term growth from AI and global compute demand.
Read the full thesis
Harding Loevner Global Developed Markets Equity
June 2026
TSMC’s leadership in cutting-edge semiconductor manufacturing has not been challenged, giving it durable advantages.
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Artisan Partners Global Opportunities Strategy
June 2026
Taiwan Semiconductor Manufacturing is a leading AI-driven foundry with pricing power, supply constraints, and an attractive long-term profit cycle.
Read the full thesis
Artisan Partners Global Equity Strategy
June 2026
Taiwan Semiconductor Manufacturing Co Ltd benefits from supply-constrained advanced computing demand, improved visibility into 2027, and better pricing power with its 2nm chips.
Read the full thesis
Polen International Growth
March 2026
TSMC is the dominant global chip foundry benefiting from AI demand, leading-edge scale, and pricing power.
Read the full thesis
Polen Global Growth
March 2026
TSMC is the dominant semiconductor foundry with pricing power, AI-driven demand, and high-teens earnings growth potential.
Read the full thesis
Mar Vista U.S. Quality Premier Portfolio
March 2026
Taiwan Semiconductor Manufacturing is positioned to compound above-market returns through scale, process leadership, and dominant AI chip manufacturing exposure.
Read the full thesis
Hardman Johnston Global Equity
March 2026
Taiwan Semiconductor Manufacturing Co., Ltd. is a critical AI compute bottleneck with strong pricing power, demand visibility, and compelling valuation.
Read the full thesis
Baron Durable Advantage Fund
March 2026
Taiwan Semiconductor Manufacturing Company is the dominant advanced foundry with a widening moat and long-term AI-driven earnings growth.
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Baron Technology ETF
March 2026
Taiwan Semiconductor Manufacturing Company Limited is the dominant advanced chip foundry with a scale-driven moat, strong margins, and secular AI demand supporting multi-year growth.
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Wedgewood Partners
December 2025
Taiwan Semiconductor Manufacturing Company is the leading advanced-node foundry with pricing power and HPC-driven growth that supports strong returns on capital.
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Baron Global Opportunity Fund
December 2025
Taiwan Semiconductor Manufacturing Company Limited is the dominant leading-edge foundry with robust AI-driven demand, pricing power, and durable growth.
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Mar Vista US Quality Premier
December 2025
Taiwan Semiconductor is a leading-edge foundry with a formidable moat and superior margins, poised to benefit from AI and HPC demand and compound ROIC above its cost of capital.
Read the full thesis
Platinium Asset Management
December 2025
Taiwan Semiconductor Manufacturing Company dominates advanced chip manufacturing with a pure-play foundry model, scale advantages, and sustained demand from AI and mobile driving long-term growth.
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AGT Partners
December 2025
Taiwan Semiconductor Manufacturing Company is the dominant leading-edge foundry with technology leadership, manufacturing excellence, and deep customer trust driving strong growth and profitability.
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Baron Durable Advantage Fund
December 2025
Taiwan Semiconductor Manufacturing Company is the dominant leading-edge foundry with pricing power and long-duration AI-driven demand across customers and architectures.
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Giverny Capital
September 2025
Taiwan Semiconductor is a leading chip manufacturer with a strong market position and growth potential, despite geopolitical risks affecting its operations.
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Baron Global Opportunity Fund
September 2025
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a leading-edge semiconductor manufacturer with a 90% market share, positioned to benefit from AI adoption and capable of raising prices despite geopolitical uncertainties.
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Longriver Partners Fund
June 2025
TSMC is the indispensable core of the AI compute stack, excelling in manufacturing, advanced packaging, and innovation, with unmatched reliability and performance.
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Brown Advisory US Sustainable Growth Fund
June 2025
Taiwan Semiconductor Manufacturing Company (TSM) is a leading semiconductor foundry that dominates the global market with a focus on efficient manufacturing, innovative technology, and sustainable practices, making it a crucial player in the digital transformation of the economy.
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Baron Global Advantage Fund
June 2025
Taiwan Semiconductor Manufacturing Company Limited is well-positioned for long-term growth due to its unmatched semiconductor manufacturing capabilities and the accelerating adoption of AI across industries.
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Mairs and Power Growth Fund
March 2025
Taiwan Semiconductor Manufacturing Company (TSMC) is the leading global semiconductor manufacturer with a dominant market share, strong cost discipline, and a promising outlook despite recent sector challenges.
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Touchstone Sands Capital Select Growth Fund
March 2025
Taiwan Semiconductor (TSMC) is the leading global producer of advanced logic chips with a unique customer-dedicated foundry model that positions it as a key beneficiary of AI growth and increasing compute demand across various applications.
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Nightview capital
December 2024
Taiwan Semiconductor Manufacturing Co. (TSMC) is a dominant market leader in the semiconductor industry with significant revenue growth, strong AI demand, and an attractive valuation, solidifying its competitive advantage.
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Alger International Opportunities Fund
December 2024
Taiwan Semiconductor (TSMC) is well-positioned to capitalize on the rising demand for semiconductors due to its strong business model, technological expertise, and leadership in advanced manufacturing technologies.
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