Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)
DE ˙ DB ˙ US8740391003
383,00 € ↑3,50 (0,92%)
2026-06-04
DEL PRIS
SecurityDE:TSFA / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)
InstitutionCullen Capital Management, LLC
Latest Disclosed Ownership191,617 shares
Latest Disclosed Value $ 64,756,965
Cullen Capital Management, LLC reports 19.42% decrease in ownership of TSFA / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)

On May 15, 2026 - Cullen Capital Management, LLC filed a 13F-HR form disclosing ownership of 191,617 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) (DE:TSFA) valued at $55,760,547 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 237,805 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock). This represents a change in shares of -19.42% during the quarter. The current value of the position is $73,389,311 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)
2026-05-15 2026-03-31 13F Taiwan Semiconductor Manufacturing ADR 874039100 191,617 -46,188 -19.42 64,757 -10.39 0.6640
2026-02-13 2025-12-31 13F Taiwan Semiconductor Mfg Ltd ADR 874039100 237,805 -13,269 -5.28 72,267 3.06 0.7893
2025-11-05 2025-09-30 13F Taiwan Semiconductor Manufacturing ADR 874039100 251,074 15,698 6.67 70,122 31.54 0.7671
2025-09-30 2025-06-30 13F Taiwan Semiconductor Manufacturing ADR 874039100 235,376 70,932 43.13 53,310 95.30 0.6071
2025-05-15 2025-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 164,444 -136,179 -45.30 27,298 -54.02 0.3153
2025-02-13 2024-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 300,623 -5,588 -1.82 59,370 11.64 0.6915
2024-11-12 2024-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 306,211 -8,283 -2.63 53,180 -2.71 0.5789
2024-08-13 2024-06-30 13F Taiwan Semiconductor Manufactu ADS 874039100 314,494 -12,545 -3.84 54,662 22.86 0.6295
2024-05-15 2024-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 327,039 -55,167 -14.43 44,494 11.93 0.4953
2024-02-14 2023-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 382,206 79,517 26.27 39,749 51.12 0.5896
2023-11-14 2023-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 302,689 -37,528 -11.03 26,304 -23.39 0.3071
2023-08-15 2023-06-30 13F Taiwan Semiconductor Manufactu ADR 874039100 340,217 3,060 0.91 34,335 9.48 0.3065
2023-05-15 2023-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 337,157 219,902 187.54 31,362 259.08 0.2870
2023-02-16 2022-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 117,255 -44,745 -27.62 8,734 -21.36 0.1121
2022-11-10 2022-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 162,000 3,065 1.93 11,107 -14.52 0.1190
2022-08-11 2022-06-30 13F Taiwan Semiconductor Manufactu ADR 874039100 158,935 -32,753 -17.09 12,993 -34.99 0.1305
2022-05-03 2022-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 191,688 -23,152 -10.78 19,985 -22.68 0.1840
2022-02-10 2021-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 214,840 3,975 1.89 25,847 9.79 0.2423
2021-11-05 2021-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 210,865 24,421 13.10 23,543 5.09 0.2313
2021-08-04 2021-06-30 13F Taiwan Semiconductor Manufactu ADR 874039100 186,444 10,896 6.21 22,403 7.89 0.2166
2021-05-10 2021-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 175,548 49,938 39.76 20,764 51.60 0.2244
2021-01-26 2020-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 125,610 -43,030 -25.52 13,697 0.18 0.7606
2020-11-02 2020-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 168,640 -27,215 -13.90 13,672 22.96 0.7919
2020-07-31 2020-06-30 13F Taiwan Semiconductor Manufactu COM 874039100 195,855 -16,475 -7.76 11,119 9.58 0.6254
2020-05-13 2020-03-31 13F/A-1 Taiwan Semiconductor Manufactu ADR 874039100 212,330 -57,370 -21.27 10,147 -35.25 0.5851
2020-01-31 2019-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 269,700 -20,450 -7.05 15,670 16.19 0.6144
2019-11-15 2019-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 290,150 -39,400 -11.96 13,486 4.48 0.5413
2019-07-30 2019-06-30 13F Taiwan Semiconductor Manufactu ADR 874039100 329,550 -26,900 -7.55 12,908 -11.59 0.5039
2019-05-15 2019-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 356,450 41,750 13.27 14,600 25.69 0.5762
2019-02-14 2018-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 314,700 -83,410 -20.95 11,616 -33.93 0.5009
2018-11-15 2018-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 398,110 1,190 0.30 17,581 21.16 0.6479
2018-08-14 2018-06-30 13F Taiwan Semiconductor Manufactu ADR 874039100 396,920 25,860 6.97 14,511 -10.64 0.5490
2018-05-14 2018-03-31 13F Taiwan Semiconductor Manufactu ADR 874039100 371,060 44,850 13.75 16,238 25.55 0.5748
2018-02-15 2017-12-31 13F Taiwan Semiconductor Manufactu ADR 874039100 326,210 30,260 10.22 12,934 16.39 0.4438
2017-11-14 2017-09-30 13F Taiwan Semiconductor Manufactu ADR 874039100 295,950 0 0.00 11,113 7.41 0.3871
2017-08-16 2017-06-30 13F Taiwan Semiconductor Manufactu ADR 874039100 295,950 -48,150 -13.99 10,346 -8.44 0.3637
2017-05-11 2017-03-31 13F Taiwan Semiconductor Manufactu COM 874039100 344,100 12,200 3.68 11,300 18.42 0.3971
2017-02-13 2016-12-31 13F Taiwan Semiconductor Manufactu COM 874039100 331,900 331,900 9,542 0.3290
2016-11-15 2016-09-30 13F Taiwan Semiconductor Manufactu COM 874039100 0 -295,700 -100.00 0 -100.00
2016-08-15 2016-06-30 13F Taiwan Semiconductor Manufactu COM 874039100 295,700 78,100 35.89 7,756 36.05 0.2734
2016-05-12 2016-03-31 13F Taiwan Semiconductor Man. ADR 874039100 217,600 -3,150 -1.43 5,701 13.52 0.2017
2016-01-29 2015-12-31 13F Taiwan Semiconductor Man. ADR 874039100 220,750 3,825 1.76 5,022 11.58 0.1695
2015-11-12 2015-09-30 13F Taiwan Semiconductor Man. ADR 874039100 216,925 26,925 14.17 4,501 4.31 0.1578
2015-08-13 2015-06-30 13F Taiwan Semiconductor Man. ADR 874039100 190,000 48,750 34.51 4,315 30.09 0.1378
2015-05-14 2015-03-31 13F Taiwan Semiconductor Man. ADR 874039100 141,250 -18,950 -11.83 3,317 -7.48 0.0930
2015-02-12 2014-12-31 13F Taiwan Semiconductor Man. ADR 874039100 160,200 29,000 22.10 3,585 35.39 0.0974
2014-11-13 2014-09-30 13F Taiwan Semiconductor Man. ADR 874039100 131,200 29,900 29.52 2,648 22.20 0.0726
2014-08-11 2014-06-30 13F Taiwan Semiconductor Man. ADR 874039100 101,300 -17,730 -14.90 2,167 -9.06 0.0563
2014-05-14 2014-03-31 13F Taiwan Semiconductor Man. ADR 874039100 119,030 42,930 56.41 2,383 79.58 0.0645
2014-02-13 2013-12-31 13F Taiwan Semiconductor Man. ADR 874039100 76,100 24,300 46.91 1,327 50.97 0.0349
2013-11-14 2013-09-30 13F Taiwan Semiconductor Man. COM 874039100 51,800 20,300 64.44 879 52.34 0.0249
2013-08-14 2013-06-30 13F Taiwan Semiconductor Man. COM 874039100 31,500 31,500 577 0.0175
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.