# Taiwan Semiconductor Manufacturing (TSM): who owns it

15 value investors held Taiwan Semiconductor Manufacturing in their Q3 2026 13F, led by Wedgewood Partners, Appaloosa, Ruane, Cunniff & Goldfarb…

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Wedgewood Partners | 10.4% | $50.4m | Trimmed -18% | 21 |
| Appaloosa | 10.2% | $788m | Added +24% | 13 |
| Ruane, Cunniff & Goldfarb (Sequoia) | 8.7% | $560m | Trimmed -3.0% | 27 |
| Cantillon Capital Management | 8.2% | $54.8m | Trimmed -95% | 36 |
| Fundsmith | 4.0% | $548m | New | 1 |
| First Eagle Investment Management | 2.9% | $1.8bn | Trimmed -4.0% | 32 |
| Mairs & Power | 2.1% | $227m | Trimmed -2.1% | 6 |
| Polen Capital Management | 2.1% | $239m | Added +187% | 4 |
| Fairfax Financial Holdings | 1.7% | $44.7m | Unchanged | 36 |
| Weitz Investment Management | 0.7% | $9.6m | Unchanged | 2 |
| Dodge & Cox | 0.4% | $688m | Added +1237% | 11 |
| Jensen Investment Management | 0.2% | $7.6m | Trimmed -3.3% | 25 |
| Giverny Capital | 0.1% | $1.7m | Trimmed -55% | 25 |
| Davis Selected Advisers | 0.0% | $1.9m | Trimmed -45% | 5 |
| Biglari Capital | 0.0% | $48k | Unchanged | 19 |
| H&H International (Duan Yongping) | 0.0% | $0k | Sold out | 5 |
| Troy Asset Management | 0.0% | $0k | Sold out | 5 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-07 | Wei Che-Chia | Chairman and CEO | Bought | 144 | $11k |
| 2026-10-07 | Mii Yuh-Jier | EVP and Co-COO | Bought | 68 | $5k |
| 2026-10-07 | Chin Yung-Pei | EVP and Co-COO | Bought | 67 | $5k |
| 2026-10-07 | Hou Yung-Chin | SVP and Deputy Co-COO | Bought | 60 | $5k |
| 2026-10-07 | Zhang Kevin Xiaoqiang | SVP and Deputy Co-COO | Bought | 59 | $5k |
| 2026-10-07 | Fang Shu-Hua | SVP and GC | Bought | 53 | $4k |
| 2026-10-07 | Hsu Kuo-Chin | VP | Bought | 52 | $4k |
| 2026-10-07 | Chang Tzonz-Sheng | SVP | Bought | 51 | $4k |
| 2026-10-07 | Yoo Chue-San | VP | Bought | 50 | $4k |
| 2026-10-07 | Lu Lee-Chung | VP | Bought | 49 | $4k |
| 2026-10-07 | Chuang Juiping | VP | Bought | 46 | $4k |
| 2026-10-07 | Lin Chris Horng-Dar | VP and CIO | Bought | 44 | $3k |
| 2026-10-07 | Chen Pei-Hung | VP | Bought | 43 | $3k |
| 2026-10-07 | Tien Bor-Zen | VP | Bought | 40 | $3k |
| 2026-10-07 | Hwang Yuan-Ko | VP | Bought | 39 | $3k |
| 2026-10-07 | Lu Chin-Sheng | VP | Bought | 36 | $3k |
| 2026-10-07 | Chen Chih-Ho | Controller | Bought | 31 | $2k |
| 2026-10-07 | Huang Jen-Chau | SVP and CFO | Bought | 28 | $2k |
| 2026-10-07 | Tien Bor-Zen | VP | Bought | 7 | $1k |
| 2026-09-07 | Wei Che-Chia | Chairman and CEO | Bought | 149 | $11k |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Sequoia Fund | Ruane, Cunniff & Goldfarb (Sequoia) | 5.4% | $194m | 2026-06-30 |
| Polen Global Growth Fund | Polen Capital Management | 5.1% | $5.7m | 2026-07-31 |
| Dodge & Cox Global Stock Fund | Dodge & Cox | 5.1% | $664m | 2026-06-30 |
| Dodge & Cox International Stock Fund | Dodge & Cox | 4.7% | $3.2bn | 2026-06-30 |
| Fundsmith Equity ETF | Fundsmith | 3.3% | $252k | 2026-06-30 |
| Mairs & Power Growth Fund | Mairs & Power | 3.1% | $172m | 2026-06-30 |
| Polen International Growth Fund | Polen Capital Management | 2.6% | $632k | 2026-07-31 |
| Weitz Large Cap Equity Fund | Weitz Investment Management | 1.5% | $9.6m | 2026-06-30 |
| First Eagle Overseas Fund | First Eagle Investment Management | 1.4% | $249m | 2026-07-31 |
| First Eagle Global Fund | First Eagle Investment Management | 1.0% | $736m | 2026-07-31 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/tsm). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.