Canoe Financial 13F: Cuts TSM Stake by $36M

Canoe Financial trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited TSM by 77,950 shares during the quarter, ending with 642,620 shares. According to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026, the fund's stake decreased by 10.8% and was valued at $295,091,104.00 at the close of the period.

TSM Taiwan Semiconductor Manufacturing Company Limited

$426.51 ▲ +34.49% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Canoe Financial's Taiwan Semiconductor Manufacturing Company Limited Position

Canoe Financial reduced its investment in the chipmaker by selling 77,950 shares during the period. The fund held 720,570 shares prior to the adjustment. The remaining position of 642,620 shares carried a reported value of $295,091,104.00.

Other Institutional Activity in Taiwan Semiconductor Manufacturing Company Limited

Other major investors also adjusted their positions in the semiconductor giant during the filing season. CGN Advisors grew its holdings by 2,858 shares, ending with 4,121 shares worth about $1,879,903.00. Crossmark Global Holdings reduced its stake by 21,877 shares to hold 223,990 shares valued at $102,182,166.00. Carrhae Capital lifted its position by 92,554 shares, finishing with 507,110 shares worth approximately $231,338,511.00. Y-Intercept expanded its holdings by 82,266 shares to a total of 113,073 shares valued at $51,582,772.00. Trinity Street Asset Management trimmed its stake by 75,280 shares, leaving it with 855,571 shares worth about $390,302,934.00.

Taiwan Semiconductor Manufacturing Company Limited Stock Down 1.1%

Shares of Taiwan Semiconductor Manufacturing Company Limited recently traded around $420.23 as of October 22, 2026, sitting below the closing price of $431.89 recorded on October 21, 2026. The stock has moved between a 52-week low of $266.82 and a 52-week high of $487.47.

Recent Earnings

Taiwan Semiconductor Manufacturing Company Limited reported trailing-twelve-month revenue of $4,944,817,029,120.00 and basic earnings per share of $15.43. The firm posted a net profit margin of 51.1% and a return on equity of 41.9%. The company's next financial update is scheduled for January 14, 2027.

Dividend

The company distributes an annual dividend of $3.77 per share, which translates to a dividend yield of 0.87% based on current trading levels. The payout ratio sits at 24.5%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Insider activity at the firm included a series of small purchases by officer Bor-Zen Tien earlier in the year. On April 28, 2026, Tien bought 20 shares valued at $7,760.00. Later, on May 20, 2026, Tien acquired 17 shares for $6,718.00. Tien picked up another 10 shares on July 20, 2026, at $405.00 per share, totaling $4,050.00, and followed that with a purchase of 15 shares on July 28, 2026, at $390.00 per share for a value of $5,850.00.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock ahead of the filing window. On September 2, 2026, Stifel initiated coverage with a buy rating and a $515.00 price target. Barclays maintained an overweight rating while raising its price target to $665.00 on October 6, 2026. Needham kept a buy rating and set a $560.00 target on October 15, 2026. Barclays later reiterated its overweight rating with a $670.00 target on October 16, 2026, while DA Davidson maintained a buy rating and a $500.00 target on the same day. Consensus analyst opinion stands at a strong buy, with a mean price target of $584.39 across 20 analyst reviews.

About Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited manufactures and tests integrated circuits and semiconductor devices. Operating primarily out of Hsinchu City, Taiwan, the company creates advanced wafer fabrication processes used in logic, mixed-signal, and radio frequency applications for technology partners worldwide.

Bottom Line

Institutional adjustments like Canoe Financial's position reduction highlight ongoing portfolio shifts among major fund managers. Investors will look toward the upcoming earnings release on January 14, 2027, for further insight into operational performance.