Sands Capital Management — TSM Trade History
Quarter-by-quarter changes in the TAIWAN SEMICONDUCTOR MANUFAC position · CUSIP 874039100
Currently held · >10 YearsFirst seen: 2016 Q3
| Quarter | Filed | Activity | Shares | Δ Shares | Δ % | Value | % Port. |
|---|---|---|---|---|---|---|---|
| 2026 Q2 | 2026-08-13 | Reduce | 3,925,440 | -1,937,245 | -33.0% | $1.87B | 6.96% |
| 2026 Q1 | 2026-05-08 | Reduce | 5,862,685 | -963,490 | -14.1% | $1.98B | 7.77% |
| 2025 Q4 | 2026-02-13 | Reduce | 6,826,175 | -2,425,714 | -26.2% | $2.07B | 6.31% |
| 2025 Q3 | 2025-11-13 | Add | 9,251,889 | 699,611 | +8.2% | $2.58B | 7.13% |
| 2025 Q2 | 2025-08-13 | Add | 8,552,278 | 524,960 | +6.5% | $1.94B | 5.56% |
| 2025 Q1 | 2025-05-14 | Add | 8,027,318 | 3,626,396 | +82.4% | $1.33B | 4.53% |
| 2024 Q4 | 2025-02-13 | Reduce | 4,400,922 | -282,600 | -6.0% | $869.1M | 2.57% |
| 2024 Q3 | 2024-11-13 | Reduce | 4,683,522 | -95,731 | -2.0% | $813.4M | 2.47% |
| 2024 Q2 | 2024-08-13 | Reduce | 4,779,253 | -438,641 | -8.4% | $830.7M | 2.44% |
| 2024 Q1 | 2024-05-14 | Reduce | 5,217,894 | -373,664 | -6.7% | $709.9M | 1.99% |
| 2023 Q4 | 2024-02-13 | Reduce | 5,591,558 | -91,357 | -1.6% | $581.5M | 1.77% |
| 2023 Q3 | 2023-11-14 | Reduce | 5,682,915 | -133,179 | -2.3% | $493.8M | 1.68% |
| 2023 Q2 | 2023-08-15 | Reduce | 5,816,094 | -10,743 | -0.2% | $587.0M | 1.82% |
| 2023 Q1 | 2023-05-12 | Reduce | 5,826,837 | -64,164 | -1.1% | $542.0M | 1.79% |
| 2022 Q4 | 2023-02-13 | Reduce | 5,891,001 | -357,925 | -5.7% | $438.8K | 1.66% |
| 2022 Q3 | 2022-11-09 | Reduce | 6,248,926 | -2,779,731 | -30.8% | $428.4M | 1.61% |
| 2022 Q2 | 2022-08-12 | Reduce | 9,028,657 | -182,252 | -2.0% | $738.1M | 2.56% |
| 2022 Q1 | 2022-05-13 | Reduce | 9,210,909 | -641,775 | -6.5% | $960.3M | 2.21% |
| 2021 Q4 | 2022-02-11 | Reduce | 9,852,684 | -286,109 | -2.8% | $1.19B | 2.20% |
| 2021 Q3 | 2021-11-03 | Add | 10,138,793 | 249,812 | +2.5% | $1.13B | 1.89% |
| 2021 Q2 | 2021-08-16 | Add | 9,888,981 | 591,739 | +6.4% | $1.19B | 2.02% |
| 2021 Q1 | 2021-05-17 | Add | 9,297,242 | 2,049,741 | +28.3% | $1.10B | 2.13% |
| 2020 Q4 | 2021-02-17 | Add | 7,247,501 | 443,098 | +6.5% | $790.3M | 1.50% |
| 2020 Q3 | 2020-11-17 | Add | 6,804,403 | 1,592,405 | +30.6% | $551.6M | 1.19% |
| 2020 Q2 | 2020-08-11 | Add | 5,211,998 | 179,042 | +3.6% | $295.9M | 0.72% |
| 2020 Q1 | 2020-05-14 | Add | 5,032,956 | 141,763 | +2.9% | $240.5M | 0.80% |
| 2019 Q4 | 2020-02-13 | Add | 4,891,193 | 601,770 | +14.0% | $284.2M | 0.82% |
| 2019 Q3 | 2019-11-14 | Add | 4,289,423 | 787,003 | +22.5% | $199.4M | 0.64% |
| 2019 Q2 | 2019-08-14 | Add | 3,502,420 | 395,565 | +12.7% | $137.2M | 0.41% |
| 2019 Q1 | 2019-05-15 | Reduce | 3,106,855 | -6,945 | -0.2% | $127.3M | 0.39% |
| 2018 Q4 | 2019-02-14 | Add | 3,113,800 | 323,851 | +11.6% | $114.9M | 0.41% |
| 2018 Q3 | 2018-11-14 | Add | 2,789,949 | 324,585 | +13.2% | $123.2M | 0.35% |
| 2018 Q2 | 2018-08-14 | Add | 2,465,364 | 57,275 | +2.4% | $90.1M | 0.26% |
| 2018 Q1 | 2018-05-15 | Add | 2,408,089 | 155,131 | +6.9% | $105.4M | 0.31% |
| 2017 Q4 | 2018-02-14 | Add | 2,252,958 | 288,440 | +14.7% | $89.3M | 0.27% |
| 2017 Q3 | 2017-11-14 | Add | 1,964,518 | 318,775 | +19.4% | $73.8M | 0.22% |
| 2017 Q2 | 2017-08-14 | Reduce | 1,645,743 | -36,325 | -2.2% | $57.5M | 0.17% |
| 2017 Q1 | 2017-05-12 | Add | 1,682,068 | 92,396 | +5.8% | $55.2M | 0.17% |
| 2016 Q4 | 2017-02-13 | Add | 1,589,672 | 23,500 | +1.5% | $45.7M | 0.16% |
| 2016 Q3 | 2016-11-14 | New | 1,566,172 | 1,566,172 | — | $47.9M | 0.14% |
Share counts are split-adjusted. Time held counts consecutive quarters ending with the latest filing; more than ten years shows as ">10 Years".
13F data shows quarter-end positions, is delayed by up to 45 days and covers only long positions in US-listed securities; short positions, most derivatives and non-US assets are not reported.