Rokos Capital Management 13F: New $38M Stake in TSM

Rokos Capital Management has opened a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), acquiring 78,952 shares valued at approximately $37.7 million as of May 15, 2026. This represents a new buy for the firm, which previously held no shares in TSM.

What Changed in Rokos Capital Management's Position

Rokos Capital Management took a significant step by purchasing 78,952 shares of TSM, marking an entry into the semiconductor sector. The acquisition is valued at around $37,705,107 based on a cost basis of $342.57 per share.

Other Institutional Activity in TSMC

In the latest filings, several other institutional investors have updated their positions in TSMC. FMR, LLC reduced its holdings by 1,455,472 shares, bringing its total to 58,937,551 shares worth about $24.3 billion. Meanwhile, Capital World Investors added 1,486,440 shares, now holding 34,372,274 shares valued at roughly $14.2 billion. Sanders Capital, LLC cut its stake by 1,910,882 shares, resulting in 26,149,064 shares worth approximately $10.8 billion. JPMorgan Chase & Co. also trimmed its holdings slightly, holding 23,829,286 shares valued at around $9.8 billion after a loss of 155,904 shares. In contrast, Blackrock Inc. increased its stake by 1,888,086 shares, now holding 20,112,852 shares valued at about $8.3 billion.

Taiwan Semiconductor Manufacturing Company Limited Stock Up 11.1%

As of the latest report, TSMC trades at $477.57, above its 50-day moving average of $434.48. The stock is currently about 2% below its 52-week high of $487.47, indicating volatility and investor interest in the semiconductor sector.

Recent Earnings

In its latest earnings report, TSMC reported a revenue of approximately $4.44 trillion, reflecting a revenue growth rate of 36%. The company has a net margin of about 49.9% and a return on equity (ROE) of 39.9%. The next earnings report is scheduled for October 15, 2026.

Dividend

TSMC offers a dividend yield of 0.85% with a payout ratio of 25.4%. This ongoing return to shareholders can add to the attractiveness of investing in the firm.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing Company Limited

Insider activity has been notable at TSMC recently. Bor-Zen Tien, a VP, bought 1,000 shares at prices of $76.64 and $75.70 on June 29 and June 30, 2026, respectively, totaling around $76,640 and $75,700. Another VP, Lipen Yuan, purchased 1,000 shares at a price of $79.19 on June 22, 2026, amounting to $79,190. In contrast, Tzu-Sou Chuang, also a VP, sold 500,000 shares on June 24, 2026.

Analysts Set New Price Targets

Analysts have recently provided mixed views on TSMC. DA Davidson maintained a "Buy" rating with a target of $500 on October 16, 2026, while Needham also held a "Buy" rating, increasing its target from $530 to $560 on October 15, 2026. Barclays maintains an "Overweight" rating with a target of $665, up from $650, on October 6, 2026. The consensus rating across 20 analysts remains a strong buy with an average price target of $584.39.

About TSMC

Taiwan Semiconductor Manufacturing Company Limited is a leading semiconductor manufacturer based in Hsinchu City, Taiwan. The company produces integrated circuits and other semiconductor devices across various markets, including the U.S. and Europe. TSMC plays a crucial role in the global tech supply chain, providing essential components for numerous high-tech industries.

Bottom Line

Investors will be closely watching TSMC's upcoming earnings report on October 15, 2026, and any further activity in the stock may reflect broader trends in the semiconductor industry. The latest 13F filing from Rokos Capital Management, which shows its new position in TSM, may not represent the fund's current holdings as of today.