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

SecurityTSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)
InstitutionOptiver Holding B.V.
Latest Disclosed Ownership1,286,261 shares
Latest Disclosed Value $ 434,691,905
Optiver Holding B.V. ownership in TSM / Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock)

On June 2, 2026 - Optiver Holding B.V. filed a 13F-HR/A form disclosing ownership of 1,286,261 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock) (US:TSM) valued at $434,691,905 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,164,716 shares of Taiwan Semiconductor Manufacturing Company Limited - Depositary Receipt (Common Stock). This represents a change in shares of 10.44% during the quarter. The current value of the position is $561,697,316 USD.

Optiver Holding B.V. has a history of taking positions in derivatives of the underlying security (TSM) in the form of stock options. The firm currently holds call options representing 1,467,300 of underlying shares valued at $495,874,035 USD and put options representing 4,900,900 of underlying shares valued at $1,656,259,155 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.

TSM / 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)
2026-06-02 2026-03-31 13F/A-1 TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 1,286,261 121,545 10.44 434,692 22.81 0.1485
2026-05-15 2026-03-31 13F TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 1,286,261 121,545 434,692 0.1502
2026-02-17 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 1,164,716 846,165 265.63 353,946 297.83 0.1317
2025-11-10 2025-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 318,551 -602,004 -65.40 88,968 -57.33 0.0355
2025-08-14 2025-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 920,555 -1,683 -0.18 208,497 36.19 0.0992
2025-05-15 2025-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 922,238 608,827 194.26 153,092 147.34 0.0890
2025-02-14 2024-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 313,411 -43,177 -12.11 61,896 -0.05 0.0320
2024-11-14 2024-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 356,588 303,954 577.49 61,929 576.96 0.0323
2024-08-14 2024-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 52,634 -615,367 -92.12 9,148 -89.93 0.0049
2024-05-09 2024-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 668,001 347,756 108.59 90,882 172.87 0.0489
2024-02-13 2023-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 320,245 -159,725 -33.28 33,305 -20.15 0.0204
2023-11-13 2023-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 479,970 344,694 254.81 41,709 205.52 0.0283
2023-08-10 2023-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 135,276 -50,329 -27.12 13,652 -20.92 0.0097
2023-05-11 2023-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 185,605 36,202 24.23 17,265 55.11 0.0126
2023-02-10 2022-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 149,403 -595,697 -79.95 11,131 -78.25 0.0115
2022-11-14 2022-09-30 13F TAIWAN SEMICONDUCTOR MFG PUT 874039950 745,100 214,000 40.29 51,162 17.76 0.0442
2022-11-14 2022-09-30 13F TAIWAN SEMICONDUCTOR MFG CALL 874039900 846,100 289,600 52.04 58,097 27.62 0.0502
2022-08-10 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG PUT 874039950 531,100 531,100 43,447 0.0480
2022-08-10 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG CALL 874039900 556,500 556,500 45,524 0.0503
2022-08-10 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS 874039100 87,159 7,130
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
(%)
2026-06-02 2026-03-31 13F/A TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Call 1,467,300 46.55 495,874 62.98 n/a n/a n/a
2026-05-15 2026-03-31 13F TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Call 1,467,300 495,874 n/a n/a n/a
2026-02-17 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,001,200 -27.14 304,255 -20.73 n/a n/a n/a
2025-11-10 2025-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,374,200 6.88 383,800 31.80 n/a n/a n/a
2025-08-14 2025-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,285,700 -3.45 291,198 31.74 n/a n/a n/a
2025-05-15 2025-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,331,600 22.00 221,046 2.54 n/a n/a n/a
2025-02-14 2024-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,091,500 11.87 215,560 27.21 n/a n/a n/a
2024-11-14 2024-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 975,700 -50.18 169,450 -50.22 n/a n/a n/a
2024-08-14 2024-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,958,500 -12.28 340,407 12.07 n/a n/a n/a
2024-05-09 2024-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 2,232,600 34.40 303,745 75.81 n/a n/a n/a
2024-02-13 2023-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,661,200 8.22 172,765 29.52 n/a n/a n/a
2023-11-13 2023-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,535,000 33.97 133,392 15.36 n/a n/a n/a
2023-08-10 2023-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,145,800 14.13 115,634 23.83 n/a n/a n/a
2023-05-11 2023-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 1,003,900 50.10 93,383 87.42 n/a n/a n/a
2023-02-10 2022-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Call 668,800 -20.95 49,826 -14.24 n/a n/a n/a
2022-11-14 2022-09-30 13F TAIWAN SEMICONDUCTOR MFG CALL 846,100 52.04 58,097 27.62 n/a n/a n/a
2022-08-10 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG CALL 556,500 45,524 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
(%)
2026-06-02 2026-03-31 13F/A TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Put 4,900,900 20.80 1,656,259 34.34 n/a n/a n/a
2026-05-15 2026-03-31 13F TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Put 4,900,900 1,656,259 n/a n/a n/a
2026-02-17 2025-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 4,056,900 92.15 1,232,851 109.08 n/a n/a n/a
2025-11-10 2025-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 2,111,300 -18.57 589,665 0.42 n/a n/a n/a
2025-08-14 2025-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 2,592,700 -3.25 587,221 32.01 n/a n/a n/a
2025-05-15 2025-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 2,679,700 41.63 444,830 19.04 n/a n/a n/a
2025-02-14 2024-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,892,100 17.59 373,671 33.72 n/a n/a n/a
2024-11-14 2024-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,609,100 -12.20 279,452 -12.27 n/a n/a n/a
2024-08-14 2024-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,832,700 -24.11 318,542 -3.05 n/a n/a n/a
2024-05-09 2024-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 2,414,900 65.35 328,547 116.30 n/a n/a n/a
2024-02-13 2023-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,460,500 -18.95 151,892 -3.00 n/a n/a n/a
2023-11-13 2023-09-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,801,900 65.24 156,585 42.28 n/a n/a n/a
2023-08-10 2023-06-30 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,090,500 -8.64 110,053 -0.88 n/a n/a n/a
2023-05-11 2023-03-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,193,600 9.10 111,029 36.23 n/a n/a n/a
2023-02-10 2022-12-31 13F TAIWAN SEMICONDUCTOR MFG SPONSORED ADS Put 1,094,000 46.83 81,503 59.30 n/a n/a n/a
2022-11-14 2022-09-30 13F TAIWAN SEMICONDUCTOR MFG PUT 745,100 40.29 51,162 17.76 n/a n/a n/a
2022-08-10 2022-06-30 13F TAIWAN SEMICONDUCTOR MFG PUT 531,100 43,447 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.