Marathon Asset Management 13F: Cuts TSM Stake by $7.6M

Marathon Asset Management reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (TSM) by 16,563 shares, valued at approximately $7,571,554, in a filing on October 26, 2026. The firm now holds 61,503 shares in TSMC, which makes up 2.23% of its total reported 13F value of about $1.26 billion.

TSM Taiwan Semiconductor Manufacturing Company Limited

$428.08 ▲ +34.99% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where TSMC Fits in Marathon Asset Management's Portfolio

Marathon's position in TSMC ranks 17th among its 76 holdings. The recent cut represents a 21.2% decrease from the previous count of 78,066 shares.

Other Institutional Activity in TSMC

Gf Fund Management added 9,786 shares of TSMC, bringing its total to 34,386 shares valued at about $15.7 million. Meanwhile, J. Safra Sarasin Holding cut its position by 33,806 shares, leaving it with 71,006 shares worth approximately $31.2 million.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 1.4%

As of October 27, 2026, TSMC shares traded recently around $424.38, which is about 0.9% below the closing price of $428.08 on October 26. The stock is currently about 12.9% below its 52-week high of $487.47 but 59.1% above its 52-week low of $266.82.

Recent Earnings

In its latest financial results, TSMC reported trailing twelve-month revenue of approximately $4.94 trillion and an EPS of $15.43. The next earnings report is scheduled for January 14, 2027.

Dividend

TSMC pays an annual dividend of $3.77 per share, which yields about 0.89%. The dividend payout ratio is 24.5%.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Bor-Zen Tien, an officer at TSMC, bought a total of 62 shares across four transactions between April 28 and July 28, 2026, with a combined value of around $19,578.

Analysts Set New Price Targets

On October 16, 2026, Barclays maintained its "Overweight" rating on TSMC with a new price target of $670, up from $665. DA Davidson also maintained a "Buy" rating with a price target of $500. The consensus recommendation for TSMC is a strong buy, with a mean target price of approximately $584.39 from 20 analysts.

About TSMC

Taiwan Semiconductor Manufacturing Company Limited is a leading manufacturer of semiconductors, providing a range of integrated circuits and devices globally. The company's performance can significantly impact the technology sector due to its size and influence in the industry.

Bottom Line

Marathon Asset Management's recent cut in TSMC shares reflects ongoing adjustments in its investment strategy. Investors should watch for TSMC's upcoming earnings report on January 14, 2027, and any further institutional filings for insights into market trends.