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)
InstitutionTwo Sigma Investments, Lp
ManagerJohn Overdeck, David Siegel
Latest Disclosed Ownership608,329 shares
Latest Disclosed Value $ 205,584,786
Two Sigma Investments, Lp ownership in TSFA / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)

On May 15, 2026 - Two Sigma Investments, Lp filed a 13F-HR form disclosing ownership of 608,329 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) (DE:TSFA) valued at $177,023,739 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 868,449 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock). This represents a change in shares of -29.95% during the quarter. The current value of the position is $232,990,007 USD.

Two Sigma Investments, Lp has a history of taking positions in derivatives of the underlying security (TSFA) in the form of stock options. The firm currently holds call options representing 33,900 of underlying shares valued at $11,456,505 USD and put options representing 32,500 of underlying shares valued at $10,983,375 USD .

Note: prior versions of this page mistakenly stated that the share values represented the number of options, not the number of underlying shares. For more information on the data backing these reports, please see the SEC document Frequently Asked Questions About Form 13F.

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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Institutional Put/Call Ratios
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In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.

Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.

DE:TSFA / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) Historical Put/Call Ratio
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 MANUFAC SPONSORED ADS 874039100 608,329 -260,120 -29.95 205,585 -22.10 0.1659
2026-02-17 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 868,449 4,022 0.47 263,913 9.31 0.3722
2025-11-14 2025-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 864,427 823,371 2,005.48 241,426 2,496.53 0.3594
2025-08-14 2025-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 41,056 -462,099 -91.84 9,299 -88.87 0.0165
2025-05-15 2025-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 503,155 197,863 64.81 83,524 38.53 0.1785
2025-02-14 2024-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 305,292 -813,972 -72.72 60,292 -68.98 0.1315
2024-11-14 2024-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,119,264 1,119,264 194,383 0.4260
2024-05-15 2024-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 0 -18,200 -100.00 0 -100.00
2024-02-14 2023-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 18,200 -197,975 -91.58 1,893 -89.93 0.0043
2023-11-14 2023-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 216,175 -5,076 -2.29 18,786 -15.87 0.0505
2023-08-14 2023-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 221,251 203,051 1,115.66 22,329 1,219.62 0.0560
2023-05-15 2023-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 18,200 -1,923,213 -99.06 1,693 -98.83 0.0048
2023-02-14 2022-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,941,413 -1,361,886 -41.23 144,616 -36.14 0.4540
2022-11-14 2022-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 3,303,299 802,405 32.08 226,474 10.77 0.7697
2022-08-15 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 2,500,894 629,883 33.67 204,448 4.81 0.6748
2022-05-16 2022-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,871,011 1,743,044 1,362.10 195,072 1,167.03 0.5757
2022-02-14 2021-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 127,967 64,484 101.58 15,396 117.21 0.0329
2021-11-15 2021-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 63,483 63,483 7,088 0.0158
2021-08-16 2021-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 0 -61,183 -100.00 0 -100.00
2021-05-17 2021-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 61,183 61,183 7,237 0.0188
2021-02-16 2020-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 0 -26,183 -100.00 0 -100.00
2020-11-16 2020-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 26,183 -1,010,464 -97.47 2,123 -96.39 0.0075
2020-08-14 2020-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,036,647 906,050 693.78 58,850 842.96 0.2915
2020-05-15 2020-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 130,597 130,597 -87.40 6,241 -89.40 0.0508
2020-02-14 2019-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 0 -1,361,863 -100.00 0 -100.00
2019-11-14 2019-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,361,863 -79,642 -5.52 63,299 12.11 0.2130
2019-08-14 2019-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,441,505 1,305,305 958.37 56,464 912.08 0.1889
2019-05-15 2019-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 136,200 -926,919 -87.19 5,579 -85.78 0.0181
2019-02-14 2018-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 1,063,119 -428,573 -28.73 39,240 -40.43 0.1536
2018-11-14 2018-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 1,491,692 -484,787 -24.53 65,873 -8.84 0.1796
2018-08-14 2018-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 1,976,479 215,720 12.25 72,260 -6.22 0.2155
2018-05-15 2018-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 1,760,759 -1,073,138 -37.87 77,051 -31.43 0.2565
2018-02-14 2017-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 2,833,897 2,411,568 571.02 112,364 608.56 0.3658
2017-11-14 2017-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 422,329 382,476 959.72 15,858 1,038.41 0.0562
2017-08-14 2017-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 39,853 -712,273 -94.70 1,393 -94.36 0.0050
2017-05-15 2017-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 752,126 -1,372,187 -64.59 24,700 -59.56 0.0832
2017-02-14 2016-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 2,124,313 2,084,046 5,175.57 61,074 4,857.31 0.2342
2016-11-14 2016-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 40,267 40,267 -98.10 1,232 -97.98 0.0045
2016-05-16 2016-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 0 -1,256,419 -100.00 0 -100.00
2016-02-16 2015-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 1,256,419 1,256,419 0.00 28,584 0.1371
2015-08-14 2015-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 0 -48,313 -100.00 0 -100.00
2016-02-09 2015-03-31 13F/A-1 TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 48,313 48,313 0.00 1,134 0.0056
2015-05-15 2015-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 48,313 1,135
2014-08-14 2014-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 0 -181,050 -100.00 0 -100.00
2014-05-15 2014-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 181,050 -1,417,049 -88.67 3,625 -86.99 0.0194
2014-02-14 2013-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 1,598,099 1,563,377 4,502.55 27,870 4,631.75 0.1541
2013-11-14 2013-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 34,722 3,172 10.05 589 1.90 0.0038
2013-08-14 2013-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR 874039100 31,550 31,550 578 0.0040
Disclosed Call Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share
Price		 Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2026-05-15 2026-03-31 13F TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Call 33,900 239.00 11,457 277.09 n/a n/a n/a
2026-02-17 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 10,000 3,039 n/a n/a n/a
2022-05-16 2022-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 0 -100.00 0 -100.00 n/a n/a n/a
2022-02-14 2021-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 134,700 -49.28 16,206 -45.35 n/a n/a n/a
2021-11-15 2021-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 265,600 8.72 29,654 1.02 n/a n/a n/a
2021-08-16 2021-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 244,300 358.35 29,355 365.66 n/a n/a n/a
2021-05-17 2021-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 53,300 95.24 6,304 111.76 n/a n/a n/a
2021-02-16 2020-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 27,300 110.00 2,977 182.45 n/a n/a n/a
2020-11-16 2020-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 13,000 -50.00 1,054 -28.59 n/a n/a n/a
2020-08-14 2020-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 26,000 -8.13 1,476 9.17 n/a n/a n/a
2020-05-15 2020-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 28,300 8.85 1,352 -8.40 n/a n/a n/a
2019-05-15 2019-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Call 0 -100.00 0 -100.00 n/a n/a n/a
2019-02-14 2018-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Call 6,000 221 n/a n/a n/a
2016-05-16 2016-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Call 0 -100.00 0 -100.00 n/a n/a n/a
2016-02-16 2015-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Call 76,000 1,729 n/a n/a n/a
Disclosed Put Options
File
Date		 Effective
Date		Form Security Class ID Opt Avg Share Price Shares ΔShares
(%)		 Value
(x1000)		 ΔValue
(%)		 Prior Allocation
(%)		 Allocation
(%)		 ΔAllocation
(%)		 Cost Basis
(x1000)		 Profit
(x1000)		 Return
(%)
2026-05-15 2026-03-31 13F TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Put 32,500 225.00 10,983 261.52 n/a n/a n/a
2026-02-17 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 10,000 400.00 3,039 444.44 n/a n/a n/a
2025-11-14 2025-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 2,000 559 n/a n/a n/a
2022-05-16 2022-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 0 -100.00 0 -100.00 n/a n/a n/a
2022-02-14 2021-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 158,400 -42.21 19,057 -37.73 n/a n/a n/a
2021-11-15 2021-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 274,100 -5.81 30,603 -12.48 n/a n/a n/a
2021-08-16 2021-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 291,000 261.94 34,967 267.69 n/a n/a n/a
2021-05-17 2021-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 80,400 183.10 9,510 207.07 n/a n/a n/a
2021-02-16 2020-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 28,400 226.44 3,097 339.29 n/a n/a n/a
2020-11-16 2020-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 8,700 -65.20 705 -50.32 n/a n/a n/a
2020-08-14 2020-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 25,000 -12.59 1,419 3.80 n/a n/a n/a
2020-05-15 2020-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 28,600 14.40 1,367 -3.66 n/a n/a n/a
2018-08-14 2018-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Put 0 -100.00 0 -100.00 n/a n/a n/a
2018-05-15 2018-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Put 9,200 403 n/a n/a n/a
2016-05-16 2016-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Put 0 -100.00 0 -100.00 n/a n/a n/a
2016-02-16 2015-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADR Put 38,700 880 n/a n/a n/a
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.