Carrhae Capital 13F: Adds $42M to TSM Stake
Key Points
- Carrhae Capital boosted its Taiwan Semiconductor position by 22.3% to 507,110 shares, valued at about $231.3 million, according to its October 20, 2026 filing.
- Taiwan Semiconductor recently traded around $425.30, sitting well above its 200-day moving average and below its 52-week high of $487.47.
- The chipmaker posted trailing twelve month revenue of roughly $4.94 trillion and a strong net margin of 51.1%, with its next earnings report set for January 14, 2027.
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Carrhae Capital boosted its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) by 92,554 shares during the quarter, according to its Form 13F filed with the SEC on October 20, 2026. The fund ended the period with 507,110 shares worth about $231.3 million. That represented a 22.3% increase from its previous holdings of 414,556 shares. The stock closed at $425.08 on the filing date.
TSM
Taiwan Semiconductor Manufacturing Company Limited
What Changed in Carrhae Capital's TSM Position
The fund grew its investment by purchasing 92,554 additional shares, lifting its total holding to 507,110 shares. This increase reflects growing exposure to the chip sector during a period when the stock traded near $425.08 on October 20, 2026.
Other Institutional Activity in Taiwan Semiconductor
Other major institutional investors adjusted their positions in the semiconductor giant during recent reporting periods. Sanders Capital, LLC reduced its holdings by 1,910,882 shares, ending with 26,149,064 shares worth about $11.1 billion following a 6.8% decrease. Fisher Asset Management, LLC grew its holdings by 247,627 shares, ending with 18,866,198 shares worth about $8.0 billion after a 1.3% increase. Van Eck Associates Corporation reduced its holdings by 2,051,404 shares, ending with 17,210,604 shares worth about $7.3 billion following a 10.7% decrease.
Taiwan Semiconductor Manufacturing Company Limited Stock Up 3.1%
Taiwan Semiconductor shares recently traded around $425.30 as of October 21, 2026, putting the stock down about 0.1% compared to its $425.08 close on the filing date. The stock trades below its 50-day moving average of $434.37 and above its 200-day moving average of $395.63. Shares sit below the 52-week high of $487.47 and above the 52-week low of $266.82. The company commands a market capitalization of roughly $2.18 trillion.
Recent Earnings
Taiwan Semiconductor generated trailing twelve month revenue of $4.94 trillion with earnings of $15.43 per share. The company reported a net profit margin of 51.1% and a return on equity of 41.9%, alongside a year-over-year revenue growth rate of 50.9%. The next quarterly earnings report is scheduled for release on January 14, 2027.
Dividend
The company pays an annual dividend rate of $3.77 per share, yielding 0.9% with a dividend payout ratio of 24.5%.
Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited
Company officer Bor-Zen Tien executed a series of small share purchases earlier in the year. On April 28, 2026, Tien bought 20 shares valued at $7,760. On May 20, 2026, Tien picked up 17 shares worth $6,718. Later on July 20, 2026, Tien bought 10 shares at $405 per share for a total of $4,050, followed by the purchase of 15 shares on July 28, 2026, at $390 per share for a total value of $5,850.
Analysts Set New Price Targets
Stifel initiated coverage on the stock on September 2, 2026, with a Buy rating and a $515.00 price target. Barclays maintained an Overweight rating on October 6, 2026, raising its target from $650.00 to $665.00. Needham maintained a Buy rating on October 15, 2026, lifting its target from $530.00 to $560.00. Barclays updated its view again on October 16, 2026, maintaining an Overweight rating and bumping its target from $665.00 to $670.00. DA Davidson maintained a Buy rating with a $500.00 target on October 16, 2026. The stock currently holds a consensus recommendation of Strong Buy from 20 analysts, with a mean price target of $584.39.
About Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Company Limited operates as a dedicated foundry, manufacturing advanced integrated circuits and semiconductor chips for global technology brands. Headquartered in Hsinchu City, Taiwan, the company produces logic, mixed-signal, and radio frequency microchips used in computing, mobile devices, and artificial intelligence hardware. Its fabrication processes remain critical to the supply chain for major hardware developers worldwide.
Bottom Line
Investors continue to monitor institutional fund adjustments and upcoming earnings slated for January 14, 2027. The stock trades well above its 200-day moving average while analysts maintain an average price target above current market levels.
Related Filing Alerts
Source: Carrhae Capital's 13F filing on $TSM (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts