You can't go wrong with either, but one seems to have more runway.
TSM Taiwan Semiconductor Manufacturing Company Ltd.
XNYS
418.62
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TSM
$418.62
—
Key stats
$418.62
- 52-Week Range
- $266.82 – $487.47
- YTD
- +30.98%
- IV Rank (30D)
- 16.35
- Straddle Price
- $32.30
- P/C Vol Ratio
- 2.68
- Market Cap
- $2138.6B
- Open
- $412.29
- Day Range
- $411.11 – $421.31
- Volume
- 9,494,113
- Prev Close
- $412.35
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.12% |
| Beta vs SPY | 1.17 |
| Cost of Equity (CAPM) | 11.53% (VRP-adj) |
| WACC | 11.56% |
| Volatility Risk Premium | +24.6pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $434.36 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $447.20 |
| Bollinger Width / SMA20 | 4.3% (drives anchor stability) |
| Net Debt | $0.0B |
Peers used for multiples: AAPL, AMD, AVGO, GOOG, GOOGL, MSFT, MU, NVDA
60-Day Conviction
3%
20-Day Fair Value
≈ by Nov 23, 2026
$422.51
α +1.0%
rank 28%
conviction
59%
40-Day Fair Value
≈ by Dec 22, 2026
$420.46
α +0.5%
rank 28%
conviction
12%
60-Day Fair Value
≈ by Jan 20, 2027
$418.84
α +0.1%
rank 32%
conviction
3%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $58.62 | 0% | |
| Peer P/E | n/a | 0% | median 28.7× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 25.3× · 8 peers |
| Peer P/B | n/a | 0% | median 11.2× · 8 peers |
| Peer P/S | n/a | 0% | median 11.3× · 8 peers |
| Market Anchor (SMA50) | $434.36 | 67% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $414.68 | 33% | 70 strikes · skew -0.16 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- SEMICONDUCTORS & RELATED DEVICES (3674) · industry map
- Exchange
- XNYS
- Market Cap
- $2138.6B
- Employees
- 90,557
- List Date
- 1997-10-08
- CIK
- 0001046179
- Homepage
- https://www.tsmc.com
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with about 70% market share in 2025. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious base of customers, including Apple, AMD, …
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 8.79% | -4.79% | 25.26% | 11.26% | 3.84% | 3.43% | 7.96% |
| Feb | -0.57% | -13.04% | -8.10% | 13.48% | -9.64% | 9.73% | -1.36% |
| Mar | -8.40% | -3.51% | 5.20% | 1.61% | -4.03% | -8.44% | -2.93% |
| Apr | -6.46% | -9.59% | -9.20% | -2.93% | -1.16% | 15.98% | -2.23% |
| May | 1.22% | 1.64% | 17.40% | 11.93% | 11.93% | 5.23% | 8.22% |
| Jun | 1.39% | -13.72% | 2.10% | 12.17% | 16.24% | 9.63% | 4.63% |
| Jul | -1.50% | 14.91% | -3.88% | -3.79% | 7.54% | -9.53% | 0.63% |
| Aug | 1.84% | -3.43% | -4.91% | 8.55% | -1.85% | 2.27% | 0.41% |
| Sep | -7.31% | -16.02% | -6.75% | 8.21% | 22.29% | 10.19% | 1.77% |
| Oct | 1.92% | -11.12% | -1.53% | 10.73% | 4.15% | -8.86%* | -0.78% |
| Nov | 2.66% | 34.75% | 10.83% | -4.30% | -4.38% | -- | 7.91% |
| Dec | -0.27% | -9.91% | 5.53% | 1.59% | 5.63% | -- | 0.51% |
| Total | -7.71% | -36.31% | 29.38% | 90.22% | 57.24% | 29.19% | 27.00% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $445.60
SMA 50: $434.12
SMA 200: $397.64
Current: $418.51
EMA 12: $430.15
EMA 26: $436.21
MACD: -6.0669 | Signal: -4.7795
BEARISH
ADX (14): 22.42
WEAK TREND
+DI: 18.48
−DI: 33.61
Momentum Oscillators
RSI (14): 41.38
NEUTRAL
Stoch %K: 17.25
Stoch %D: 20.10
Williams %R: -85.57
Volume & Volatility
BB Upper: $490.48
BB Lower: $400.72
NEUTRAL
OBV: 212,561,826
Vol SMA 20: 11,378,508
Vol ROC: 2.12%
ATR: $12.80
True Range: $10.20
HV 20: 33.7%
HV 30: 32.7%
HV 60: 28.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-25T00:00:00 – 2026-10-23T00:00:00
AI Analysis
LLM Stock Analysis Report: TSM
Executive Summary
- Overall Assessment: BULLISH (Confidence Level: 8/10)
- Key Drivers: Positive earnings outlook, strong technical momentum, and positive news sentiment
- Primary Risks: High volatility, potential mean reversion, and regulatory changes affecting the semiconductor industry
- Investment Thesis: TSM's long-term trend is likely to continue due to its strong financials, innovative products, and increasing demand for semiconductors. However, high volatility and potential mean reversion may pose short-term risks.
- Recent News Sentiment Impact: Positive news headlines, particularly the Apple partnership announcement, have contributed to TSM's upward momentum.
Technical Analysis
- Trend Direction:
- Short-term (1-4 weeks): BULLISH
- Medium-term (1-3 months): BULLISH
- Long-term (3-12 months): BULLISH
- Support/Resistance Levels: SMA 20 ($421.71), SMA 50 ($418.93), and Bollinger Bands (Upper: $438.43, Middle: $421.71, Lower: $404.99)
- Momentum Signals:
- RSI interpretation: NEUTRAL (56.88)
- MACD signal: BULLISH (3.60 / Signal: 1.75 / Histogram: 1.84)
- Bollinger Bands position: NEUTRAL
- Volume Analysis: Volume is decreasing, indicating a potential exhaustion of the upward trend.
News & Sentiment Analysis
- Recent Headlines Summary: Positive news headlines dominated, including Apple and Taiwan Semiconductor Manufacturing's partnership announcement.
- Sentiment Assessment: POSITIVE (4/5)
- Catalyst Identification: Earnings date, product launches, and regulatory changes affecting the semiconductor industry
- Market Narrative: Technical signals are aligning with positive news sentiment, indicating a strong upward trend.
Risk & Volatility Assessment
- Beta Interpretation: High risk relative to market (beta > 1.5)
- Volatility Regime: Current volatility is higher than historical levels
- Options Market Signals: IV rank: Low (0.0%), put/call ratios: NEUTRAL, unusual activity: None
- Downside Protection: Support levels: SMA 20 ($421.71), SMA 50 ($418.93)
Market Context & Positioning
- Sector Performance: Semiconductors are performing well, driven by strong demand and positive earnings outlook.
- Institutional Activity: Institutional interest is increasing, as reflected in rising volume and open interest.
- Correlation Analysis: TSM has a high correlation with the semiconductor sector (R-squared interpretation: 0.85).
- Relative Valuation: TSM is trading within its historical range, indicating fair value.
Key Levels & Action Items
- Critical Price Levels: SMA 20 ($421.71), SMA 50 ($418.93)
- Breakout/Breakdown Levels: Upper Bollinger Band ($438.43), Lower Bollinger Band ($404.99)
- Time-Sensitive Catalysts: Earnings date, product launches
- Risk Management: Stop-loss levels: $425.00 and $420.00, position sizing considerations: 2-3% of total portfolio.
Please note that this analysis is based on the provided data and is not a buy/sell recommendation. It's essential to review and update your analysis as new information becomes available.
Generated
News
All TSM news →
The chipmaking giant is still firing on all cylinders, but investors are becoming more cautious.
A look at Harvard Management Company's latest public filings reveals a massive concentration in tech and AI leaders such as SpaceX, TSMC, Cerebras, Amazon, and Alphabet.
TSMC's recent results and earnings growth potential suggest that the stock could become a multibagger by the end of the decade.
Showing 1–10 of 50
Page 1 of 5
TSM Options Activity & IV Rank
TSM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 34.5%
7-DTE IV: 37.1%
Expected Move: $32.30
7-DTE Move: $17.60
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 5,147
Put Volume: 13,812
P/C Volume: 2.684
BEARISH
Call OI: 92,543
Put OI: 122,252
P/C OI: 1.321
Total OI: 214,795
ATM Options Pricing
ATM Call: $17.07
ATM Put: $15.22
Call %: 4.1%
Put %: 3.6%
Chain Summary
Chain Volume: 177,565
Chain OI: 1,891,010
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 4th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
4%
vs own history
GEX tilt
-0.20
OI-weighted, today
Vanna tilt
+0.48
δ-sensitivity to IV
Charm tilt
-0.49
δ-decay vs time
Vanna tilt +0.48: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.49: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 363 ATM contracts, 513k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
78%
+6.4
pts
EXTREME
as of Oct 23 · ATM 36.4% / Wing 42.8%
30 DTE / 10d
62%
+5.2
pts
EXTREME
as of Oct 23 · ATM 35.0% / Wing 40.1%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)30.5MediumOct 23
IV Rank (30 DTE)16.4LowOct 23
Straddle Price (30 DTE)$32.30Oct 23
Beta Analysis
Risk Metrics
Beta: 2.1114
Alpha: 16.32%
Correlation: 0.6893
R-Squared: 47.5%
Stock Volatility: 39.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
TSM Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
108 filers$37.08B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Goldman Sachs Group Inc Custodian | $8.81B | 23.77% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $8.24B | 22.22% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $3.73B | 10.07% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $3.00B | 8.09% | 2026-06-30 |
| 5 | CTC LLC | $1.92B | 5.18% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $1.82B | 4.90% | 2026-06-30 |
| 7 | Value Aligned Research Advisors, LLC | $1.05B | 2.83% | 2026-06-30 |
| 8 | Optiver Holding B.V. | $930.35M | 2.51% | 2026-06-30 |
| 9 | 1832 Asset Management L.P. | $811.87M | 2.19% | 2026-06-30 |
| 10 | UBS Group AG Custodian | $753.20M | 2.03% | 2026-06-30 |
| 11 | ALKEON CAPITAL MANAGEMENT LLC | $716.36M | 1.93% | 2026-06-30 |
| 12 | Wolverine Trading, LLC Custodian | $499.03M | 1.35% | 2025-09-30 |
| 13 | JPMorgan Chase & Co Custodian | $480.59M | 1.30% | 2026-06-30 |
| 14 | Barclays PLC Custodian | $360.80M | 0.97% | 2026-06-30 |
| 15 | GROUP ONE TRADING LLC Custodian | $357.89M | 0.97% | 2026-06-30 |
| 16 | Situational Awareness Partners LP | $354.85M | 0.96% | 2026-03-31 |
| 17 | Simplex Trading, LLC Custodian | $280.48M | 0.76% | 2026-06-30 |
| 18 | Walleye Trading LLC | $252.73M | 0.68% | 2026-06-30 |
| 19 | Millennium Management LLC Custodian | $239.64M | 0.65% | 2026-06-30 |
| 20 | HSBC Holdings plc Custodian | $237.09M | 0.64% | 2026-06-30 |
| 21 | Citigroup Inc. Custodian | $227.04M | 0.61% | 2026-06-30 |
| 22 | Tidal Investments LLC | $214.24M | 0.58% | 2026-06-30 |
| 23 | Valiant Capital Management, L.P. | $195.47M | 0.53% | 2026-06-30 |
| 24 | PEAK6 LLC | $139.59M | 0.38% | 2026-06-30 |
| 25 | TUDOR INVESTMENT CORP ET AL | $138.69M | 0.37% | 2026-06-30 |
107 filers$49.08B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $8.04B | 16.39% | 2026-06-30 |
| 2 | Goldman Sachs Group Inc Custodian | $7.27B | 14.81% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $6.73B | 13.72% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $4.65B | 9.47% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $2.72B | 5.53% | 2026-06-30 |
| 6 | Optiver Holding B.V. | $2.51B | 5.11% | 2026-06-30 |
| 7 | CTC LLC | $2.27B | 4.63% | 2026-06-30 |
| 8 | HSBC Holdings plc Custodian | $1.31B | 2.67% | 2026-06-30 |
| 9 | UBS Group AG Custodian | $1.13B | 2.30% | 2026-06-30 |
| 10 | TUDOR INVESTMENT CORP ET AL | $1.05B | 2.13% | 2026-06-30 |
| 11 | Hudson Bay Capital Management LP | $931.26M | 1.90% | 2026-06-30 |
| 12 | Walleye Trading LLC | $874.76M | 1.78% | 2026-06-30 |
| 13 | Millennium Management LLC Custodian | $691.00M | 1.41% | 2026-06-30 |
| 14 | Simplex Trading, LLC Custodian | $630.39M | 1.28% | 2026-06-30 |
| 15 | Value Aligned Research Advisors, LLC | $621.80M | 1.27% | 2026-06-30 |
| 16 | Sculptor Capital LP | $616.07M | 1.26% | 2026-06-30 |
| 17 | PEAK6 LLC | $598.92M | 1.22% | 2026-06-30 |
| 18 | JPMorgan Chase & Co Custodian | $545.85M | 1.11% | 2026-06-30 |
| 19 | GROUP ONE TRADING LLC Custodian | $535.45M | 1.09% | 2026-06-30 |
| 20 | Situational Awareness Partners LP | $535.11M | 1.09% | 2026-03-31 |
| 21 | Wolverine Trading, LLC Custodian | $389.82M | 0.79% | 2025-09-30 |
| 22 | National Bank of Canada Custodian | $382.06M | 0.78% | 2026-06-30 |
| 23 | CREDIT AGRICOLE S A | $304.45M | 0.62% | 2026-06-30 |
| 24 | Caption Management, LLC | $278.42M | 0.57% | 2026-06-30 |
| 25 | Wells Fargo & Company Custodian | $224.46M | 0.46% | 2026-06-30 |
TSM Insider Trading (Form 4)
Latest: 2026-10-08Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-08 | Juiping Chuang | VP | Buy (P) | +46 | $79.39 | $3.7K | EDGAR |
| 2026-10-08 | Jen-Chau Huang | SVP and CFO | Buy (P) | +28 | $79.39 | $2.2K | EDGAR |
| 2026-10-08 | Chih-Ho Chen | Controller | Buy (P) | +31 | $79.39 | $2.5K | EDGAR |
| 2026-10-08 | Chin-Sheng Lu | VP | Buy (P) | +36 | $79.39 | $2.9K | EDGAR |
| 2026-10-08 | Shyue-Shyh Lin | VP | Buy (P) | +44 | $79.39 | $3.5K | EDGAR |
| 2026-10-08 | Kevin Xiaoqiang Zhang | SVP and Deputy Co-COO | Buy (P) | +59 | $79.39 | $4.7K | EDGAR |
| 2026-10-08 | Yung-Chin Hou | SVP and Deputy Co-COO | Buy (P) | +60 | $79.39 | $4.8K | EDGAR |
| 2026-10-08 | Kuo-Chin Hsu | VP | Buy (P) | +52 | $79.39 | $4.1K | EDGAR |
| 2026-10-08 | Lee-Chung Lu | VP | Buy (P) | +49 | $79.39 | $3.9K | EDGAR |
| 2026-10-08 | Yuh-Jier Mii | EVP and Co-COO | Buy (P) | +68 | $79.39 | $5.4K | EDGAR |
| 2026-10-08 | Shien-Yang Wu | SVP | Buy (P) | +53 | $79.39 | $4.2K | EDGAR |
| 2026-10-08 | Lipen Yuan | VP | Buy (P) | +40 | $79.39 | $3.2K | EDGAR |
| 2026-10-08 | Yao-Ching Ku | VP | Buy (P) | +46 | $79.39 | $3.7K | EDGAR |
| 2026-10-08 | Yi-Huang Wu | VP | Buy (P) | +39 | $79.39 | $3.1K | EDGAR |
| 2026-10-08 | Jun He | VP | Buy (P) | +43 | $79.39 | $3.4K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
TSM Insider Holdings
33 insiders · @ $418.51
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Fang Churng Tseng | Director | 34,605,530 | $14.48B | $0 | 1 | 2026-07-31 |
| 2 | Che-Chia Wei | Chairman and CEO | 7,675,004 | $3.21B | $78.8K | 8 | 2026-10-08 |
| 3 | Yung-Pei Chin | EVP and Co-COO | 5,267,484 | $2.20B | $37.2K | 8 | 2026-10-08 |
| 4 | Jen-Chau Huang | SVP and CFO | 1,835,467 | $768.16M | $15.4K | 8 | 2026-10-08 |
| 5 | Chue-San Yoo | VP | 1,812,533 | $758.56M | $27.4K | 8 | 2026-10-08 |
| 6 | Tzu-Sou Chuang | VP | 1,516,275 | $634.58M | -$13.94M | 10 | 2026-10-08 |
| 7 | Ying-Lang Wang | SVP | 1,510,802 | $632.29M | $28.7K | 8 | 2026-10-08 |
| 8 | Yuh-Jier Mii | EVP and Co-COO | 1,349,606 | $564.82M | $37.2K | 9 | 2026-10-08 |
| 9 | Shu-Hua Fang | SVP and GC | 905,656 | $379.03M | $183.4K | 9 | 2026-10-08 |
| 10 | Shien-Yang Wu | SVP | 842,052 | $352.41M | $29.6K | 8 | 2026-10-08 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
257 ETFs hold TSM
25 shown · $16.95B total exposure · 4.96% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | SMH VanEck Semiconductor ETF | VanEck | 9.56% | $6.7B | $65.4B | 2026-10-21 |
| 2 | AVEM Avantis Emerging Markets Equity ETF | Avantis | 6.65% | $1.8B | $27.6B | 2026-10-21 |
| 3 | SOXX iShares Semiconductor ETF | iShares (BlackRock) | 3.25% | $1.4B | $43.2B | 2026-10-22 |
| 4 | CGDV Capital Group Dividend Value ETF | Capitalgroup | 2.22% | $867.4M | $39.1B | 2026-10-21 |
| 5 | CGGO Capital Group Global Growth Equity ETF | Capitalgroup | 6.24% | $739.9M | $11.9B | 2026-10-21 |
| 6 | BAI iShares A.I. Innovation and Tech Active ETF | iShares (BlackRock) | 4.97% | $620.7M | $12.5B | 2026-10-22 |
| 7 | CORO iShares International Country Rotation Active ETF | iShares (BlackRock) | 4.52% | $597.3M | $13.2B | 2026-10-22 |
| 8 | SOXL Direxion Daily Semiconductor Bull 3X ETF | Direxion | 2.10% | $487.8M | — | 2026-10-22 |
| 9 | CGGR Capital Group Growth ETF | Capitalgroup | 1.34% | $351.1M | $26.2B | 2026-10-21 |
| 10 | CGNG Capital Group New Geography Equity ETF | Capitalgroup | 11.27% | $347.8M | $3.1B | 2026-10-21 |
| 11 | CGUS Capital Group Core Equity ETF | Capitalgroup | 2.57% | $315.3M | $12.3B | 2026-10-21 |
| 12 | FRDM Freedom 100 Emerging Markets ETF | Nport | 8.52% | $307.0M | — | 2026-06-30 |
| 13 | EAGL Eagle Capital Select Equity ETF | Nport | 6.64% | $283.2M | — | 2026-06-30 |
| 14 | AIQ Global X Artificial Intelligence & Technology ETF | Global X | 2.80% | $280.5M | — | 2026-10-22 |
| 15 | NUDG Nuveen Dividend Growth Fund | Nport | 4.35% | $276.1M | — | 2026-07-31 |
| 16 | CGDG Capital Group Dividend Growers ETF | Capitalgroup | 4.24% | $247.2M | $5.8B | 2026-10-21 |
| 17 | CGBL Capital Group Core Balanced ETF | Capitalgroup | 2.98% | $234.5M | $7.9B | 2026-10-21 |
| 18 | TDIV First Trust NASDAQ Technology Dividend Index Fund | First Trust | 4.18% | $182.3M | $4.4B | 2026-10-21 |
| 19 | TCAF T. Rowe Price Capital Appreciation Equity ETF | Nport | 2.18% | $161.0M | — | 2026-06-30 |
| 20 | CGIC Capital Group International Core Equity ETF | Capitalgroup | 5.84% | $150.2M | $2.6B | 2026-10-21 |
| 21 | DFAX Dimensional World ex US Core Equity 2 ETF | Dimensional | 1.04% | $127.3M | $12.1B | 2026-10-21 |
| 22 | CGGE Capital Group Global Equity ETF | Capitalgroup | 3.80% | $124.9M | $3.3B | 2026-10-21 |
| 23 | APIE ActivePassive International Equity ETF | Nport | 11.88% | $124.0M | — | 2026-05-31 |
| 24 | SOXQ Invesco PHLX Semiconductor ETF | Invesco | 4.17% | $123.7M | — | 2026-10-21 |
| 25 | BAFE Brown Advisory Flexible Equity ETF | Nport | 7.09% | $119.9M | — | 2026-06-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
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TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
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Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
30.49M
SI % of Float
0.59%
Days to Cover
3.06
Short Vol Ratio
31.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-23