Sustainable Growth Advisers 13F: Adds $161M to TSM Stake

Sustainable Growth Advisers significantly increased its investment in Taiwan Semiconductor Manufacturing Company Limited TSM according to a Form 13F filing with the SEC on October 15, 2026. Institutional investors use Form 13F to report their stock holdings at the end of every quarter, though these filings are backward-looking and may not show the fund's current position today.

What Changed in Sustainable Growth Advisers's Taiwan Semiconductor Position

Sustainable Growth Advisers boosted its position in the chipmaker by a sharp 390.9% during the reported period. The firm added 353,656 shares, bringing its total holdings to 444,118 shares. The reported value of this stake reached about $202.6 million, up from a previous count of 90,462 shares.

Other Institutional Activity in Taiwan Semiconductor

Other large funds also made notable shifts in their holdings of the semiconductor giant during the quarter. FMR, LLC reduced its holdings by 1,455,472 shares, ending with 58,937,551 shares worth about $24,318,222,054. Capital World Investors grew its holdings by 1,486,440 shares, ending with 34,372,274 shares worth about $14,182,343,471. Sanders Capital, LLC trimmed its position by 1,910,882 shares, finishing with 26,149,064 shares valued at about $10,789,364,913. JPMORGAN CHASE & CO cut its stake by 155,904 shares to hold 23,829,286 shares worth about $9,832,201,347. Meanwhile, Blackrock Inc. added 1,888,086 shares to its portfolio, bringing its total to 20,112,852 shares worth about $8,298,763,569.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 3.8%

Shares of Taiwan Semiconductor recently traded around $413.54 as of October 16, 2026. The stock sits about 4.8% below its 50-day moving average of $434.48, while remaining about 4.8% above its 200-day moving average of $394.48. Over the past 52 weeks, the stock has traded as low as $266.82 and as high as $487.47.

Recent Earnings

Taiwan Semiconductor reported trailing-twelve-month revenue of $4,440,492,343,296, alongside basic earnings per share of $15.43. The company posted a net profit margin of 49.9% and a return on equity of 40.0% for the period.

Dividend

Taiwan Semiconductor pays an annual dividend yielding 0.85%, supported by a payout ratio of 25.4%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Company insiders were active in the stock earlier in the year. On April 28, 2026, officer Bor-Zen Tien bought 20 shares valued at $7,760. The insider picked up another 17 shares on May 20, 2026, worth $6,718, followed by a purchase of 10 shares on July 20, 2026, for $4,050 at an average price of $405.00. Tien later bought 15 shares on July 28, 2026, valued at $5,850 at an average price of $390.00.

Analysts Set New Price Targets

Wall Street firms have kept an optimistic outlook on the chipmaker. On July 27, 2026, Needham maintained its Buy rating and raised its price target from $480.00 to $530.00. Bernstein maintained an Outperform rating on August 11, 2026, lifting its target from $430.00 to $554.00. Stifel initiated coverage on September 2, 2026, with a Buy rating and a $515.00 price target. Barclays kept an Overweight rating on October 6, 2026, pushing its target to $665.00 from $650.00. Later, on October 15, 2026, Needham maintained its Buy rating while bumping its target to $560.00 from $530.00. The stock currently holds a consensus recommendation of Strong Buy from 20 analyst opinions, with a mean price target of $584.39.

About Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Company Limited is a major global contract manufacturer of integrated circuits. Based in Hsinchu City, Taiwan, the company builds advanced semiconductors used across consumer electronics, computing, communications, and automotive industries worldwide. Its fabrication plants produce a wide range of custom logic and mixed-signal chips.

Bottom Line

Sustainable Growth Advisers's large stake increase highlights growing institutional attention on the chip manufacturer. Investors will want to watch future quarterly filings and upcoming earnings announcements to see if the fund maintains its position.