Gf Fund Management 13F: Adds $4.5M to TSM Stake

Gf Fund Management increased its stake in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 9,786 shares, bringing its total to 34,386 shares valued at about $15.7 million, according to a filing on October 26, 2026. This change represents a 39.8% increase in their holdings, reflecting the fund's positive outlook on the semiconductor giant's future performance.

TSM Taiwan Semiconductor Manufacturing Company Limited

$428.08 ▲ +34.99% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Taiwan Semiconductor Manufacturing Company Limited Fits in Gf Fund Management's Portfolio

TSMC now makes up 0.37% of Gf Fund Management's total reported 13F portfolio, ranking 34th among its 616 holdings.

Other Institutional Activity in Taiwan Semiconductor Manufacturing Company Limited

Several other funds have also made moves in TSMC. Sepio Capital added 6,721 shares, increasing its total to 10,103 shares worth about $4.6 million. Abn Amro Investment Solutions raised its position by 79,583 shares, bringing its total to 379,929 shares valued at approximately $173.3 million. Trust Co of Vermont increased its stake by 3,258 shares, ending with 103,720 shares worth about $47.3 million.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 1.4%

On October 26, 2026, TSMC shares closed at $428.08. Recently, the stock has traded around $424.38, which is about 0.9% below the closing price. The shares are also trading below their 50-day moving average of $434.12, but above their 200-day average of $397.63, indicating mixed signals for short-term and long-term trends.

Recent Earnings

TSMC reported a trailing twelve-month revenue of approximately $4.94 trillion and an earnings per share (EPS) of $15.43. The next earnings report is expected on January 14, 2027. The company has shown impressive financial performance with a revenue growth of 50.9% year-over-year and a net margin of 51.1%.

Dividend

TSMC pays an annual dividend rate of $3.77, which translates to a dividend yield of 0.9%. The company has a dividend payout ratio of 24.5%. This consistent return to shareholders reflects the company's strong cash flow and profitability.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Bor-Zen Tien, an officer at TSMC, has been active in buying shares. On April 28, 2026, he purchased 20 shares valued at $7,760. He followed this with two more purchases on May 20 (17 shares for $6,718) and July 20 (10 shares for $4,050). His most recent buy was on July 28, where he acquired 15 shares for $5,850. These transactions indicate confidence in the company's future prospects.

Analysts Set New Price Targets

On September 2, 2026, Stifel initiated coverage on TSMC with a Buy rating and a price target of $515. Barclays maintained an Overweight rating with a target increase to $670 on October 16, up from $665. Needham also maintained a Buy rating with a target increase to $560. The consensus among analysts is strong, reflecting overall optimism about the stock's potential.

About Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited is a leading semiconductor manufacturer that produces a wide range of integrated circuits and other semiconductor devices. The company serves various markets globally, including Taiwan, China, Europe, and the United States. Its innovative wafer fabrication processes position it well within the technology sector, especially given the increasing demand for chips across various industries.

Bottom Line

Gf Fund Management's increased stake in TSMC reflects growing confidence in the company's future. Investors should keep an eye on the upcoming earnings report scheduled for January 14, 2027, as well as any further institutional activity in TSMC shares. The recent stock price trends and analyst ratings will also be crucial to watch as they develop.