Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US8740391003

SecurityTSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)
InstitutionBailard, Inc.
Latest Disclosed Ownership120,456 shares
Latest Disclosed Value $ 40,708,372
Bailard, Inc. reports 5.81% decrease in ownership of TSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)

On May 11, 2026 - Bailard, Inc. filed a 13F-HR form disclosing ownership of 120,456 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) (US:TSM) valued at $40,708,105 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 127,890 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock). This represents a change in shares of -5.81% during the quarter. The current value of the position is $52,601,931 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 120,456 -7,434 -5.81 40,708 4.74 0.9358
2026-02-04 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 127,890 -12,239 -8.73 38,865 -0.70 0.8605
2025-10-30 2025-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 140,129 -657 -0.47 39,137 22.74 0.8504
2025-08-08 2025-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 140,786 -565 -0.40 31,887 35.89 0.7433
2025-05-02 2025-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 141,351 -210 -0.15 23,464 -16.07 0.6056
2025-02-05 2024-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 141,561 487 0.35 27,957 14.11 0.7146
2024-10-30 2024-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 141,074 246 0.17 24,500 0.09 0.6378
2024-07-25 2024-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 140,828 226 0.16 24,477 27.96 0.6744
2024-05-08 2024-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 140,602 95,029 208.52 19,129 303.63 0.5280
2024-02-02 2023-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 45,573 26,253 135.89 4,740 182.42 0.1404
2023-10-24 2023-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 19,320 0 0.00 1,679 -13.90 0.0556
2023-07-20 2023-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 19,320 -66 -0.34 1,950 8.10 0.0682
2023-05-08 2023-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 19,386 66 0.34 1,803 25.30 0.0646
2023-02-02 2022-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 19,320 -4,468 -18.78 1,439 -11.77 0.0548
2022-10-18 2022-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 23,788 -32 -0.13 1,631 -16.23 0.0674
2022-07-27 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 23,820 -123 -0.51 1,947 -22.00 0.0766
2022-04-25 2022-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 23,943 -2,000 -7.71 2,496 -20.03 0.0839
2022-02-10 2021-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 25,943 -2,987 -10.32 3,121 -3.37 0.0995
2021-11-15 2021-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 28,930 35 0.12 3,230 -6.97 0.1104
2021-08-13 2021-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 28,895 -14,107 -32.81 3,472 -31.73 0.1200
2021-05-13 2021-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 43,002 -6,496 -13.12 5,086 -5.76 0.1885
2021-02-03 2020-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 49,498 5,398 12.24 5,397 50.97 0.2461
2020-11-10 2020-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 44,100 20,051 83.38 3,575 161.90 0.1852
2020-08-12 2020-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 24,049 3,128 14.95 1,365 36.50 0.0763
2020-04-16 2020-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 20,921 41 0.20 1,000 -17.56 0.0712
2020-01-31 2019-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 20,880 7,115 51.69 1,213 89.53 0.0684
2019-10-18 2019-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 13,765 -25,000 -64.49 640 -57.84 0.0387
2019-07-26 2019-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 38,765 295 0.77 1,518 -3.68 0.0928
2019-04-24 2019-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 38,470 -71,192 -64.92 1,576 -61.07 0.0978
2019-02-05 2018-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 109,662 -1,776 -1.59 4,048 -17.74 0.2736
2018-11-13 2018-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 111,438 -89,315 -44.49 4,921 -32.96 0.2877
2018-08-08 2018-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 200,753 -21,283 -9.59 7,340 -24.45 0.4373
2018-05-07 2018-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 222,036 84,700 61.67 9,716 78.44 0.6202
2018-02-08 2017-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 137,336 75,170 120.92 5,445 133.29 0.3427
2018-01-29 2017-09-30 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 62,166 -17,834 -22.29 2,334 -16.55 0.1807
2017-10-11 2017-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 7,166 -72,834 269 0.0205
2018-01-29 2017-06-30 13F/A-2 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 80,000 -34,755 -30.29 2,797 -25.77 44.1655
2018-01-29 2017-03-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 114,755 15,000 15.04 3,768 31.38 0.3128
2017-05-12 2017-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 34,755 -65,000 1,141 0.0954
2018-01-29 2016-12-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 99,755 10,255 11.46 2,868 4.75 0.2659
2017-02-10 2016-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 34,755 -54,745 999 0.0904
2018-01-29 2016-09-30 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 89,500 3,947 4.61 2,738 22.01 0.2529
2016-11-08 2016-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 31,500 -54,053 964 0.0879
2018-01-29 2016-06-30 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 85,553 553 0.65 2,244 7.73 0.2674
2016-08-08 2016-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,553 -54,447 801 0.0967
2018-01-29 2016-03-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 85,000 -45,000 -34.62 2,083 -29.58 0.2909
2016-05-16 2016-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,000 -100,000 786 0.1103
2018-01-29 2015-12-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 130,000 64,637 98.89 2,958 114.35 1.3089
2016-02-10 2015-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 100,000 34,637 2,275 0.9791
2018-01-29 2015-09-30 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 65,363 10,000 18.06 1,380 11.02 0.2168
2015-11-13 2015-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 45,363 -10,000 941 0.1491
2018-01-29 2015-06-30 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 55,363 -25,000 -31.11 1,243 -35.76 0.1925
2015-08-06 2015-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,363 -50,000 690 0.1079
2018-01-29 2015-03-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 80,363 -29,925 -27.13 1,935 -22.10 0.2687
2015-05-07 2015-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,363 -79,925 713 0.1002
2018-01-29 2014-12-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 110,288 80,000 264.13 2,484 309.90 0.3516
2015-01-26 2014-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 60,288 1,349
2014-04-30 2014-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,288 0 0.00 606 14.77 0.0961
2014-01-28 2013-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,288 0 0.00 528 2.72 0.0851
2013-10-28 2013-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 30,288 -20,000 -39.77 514 -44.19 0.0976
2013-07-16 2013-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 50,288 50,288 921 0.1676
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.