Lone Pine Capital 13F: Cuts TSM Stake by $794M

Lone Pine Capital has cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by 54.5%. As of May 15, 2026, the fund trimmed its holdings by 1,662,870 shares, bringing its total to 1,389,530 shares valued at about $663.6 million. This move comes as the company's stock trades at $477.57, reflecting a strong year-to-date performance.

What Changed in Lone Pine Capital's Position

Lone Pine Capital reduced its position in Taiwan Semiconductor from approximately 3,052,400 shares to 1,389,530 shares. This represents a 54.5% decrease. The cut reflects current market strategies and may indicate a shift in investment focus.

Other Institutional Activity in Taiwan Semiconductor

Several other institutional investors have recently adjusted their positions in Taiwan Semiconductor. For instance, FMR, LLC reduced its holdings by 1,455,472 shares, bringing its total to 58,937,551 shares worth about $24.3 billion. Meanwhile, Capital World Investors increased its stake by 1,486,440 shares, which now totals 34,372,274 shares valued at approximately $14.2 billion. Sanders Capital, LLC also trimmed its holdings by 1,910,882 shares, ending with 26,149,064 shares worth about $10.8 billion. Additionally, JPMorgan Chase & Co reduced its position slightly, selling 155,904 shares to hold 23,829,286 shares valued at around $9.8 billion.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 11.1%

Currently, TSM shares are trading at $477.57, significantly above their 52-week low of $266.82. This high price showcases TSM's strong performance over the past year, particularly following recent market trends. The stock has also outperformed its 50-day moving average of approximately $434.48, suggesting continued investor interest.

Recent Earnings

In its most recent quarter, Taiwan Semiconductor reported revenue of approximately $4.44 trillion, reflecting a 36% increase compared to the prior year. Its earnings per share (EPS) stood at $15.43, showcasing strong profitability with a net margin of about 49.9%. The next earnings report is scheduled for October 15, 2026.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Recent insider activity includes Bor-Zen Tien, a vice president, who bought a total of 2,000 shares on June 29 and June 30 for prices of $76.64 and $75.70, totaling about $15,640. Lipen Yuan, another VP, also purchased 1,000 shares at $79.19, valued at approximately $79,190 on June 22. Meanwhile, Tzu-Sou Chuang, also a VP, sold 500,000 shares on June 24, though details on the sale price were not available.

Analysts Set New Price Targets

Analysts continue to show confidence in Taiwan Semiconductor. On October 16, 2026, DA Davidson maintained its 'Buy' rating with a price target of $500. Needham also kept its 'Buy' rating but raised its target to $560 from $530 on October 15, 2026. Barclays, on October 6, 2026, maintained an 'Overweight' rating with a target of $665, up from $650.

About Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Company Limited is a leading player in the semiconductor industry. The company manufactures and sells integrated circuits and other semiconductor devices worldwide, serving diverse markets from consumer electronics to automotive. TSMC is known for its advanced manufacturing processes and plays a critical role in the global technology supply chain.

Bottom Line

Lone Pine Capital's move to cut its position in TSM signals a shift in its strategy. Investors will want to watch for upcoming earnings on October 15, 2026, and any further filings from other institutional investors.