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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore professional investment ideas sourced from institutional letters, short theses, and premium research channels, distilled into concise summaries.
| Pitch Type | Author | Industry | Pitch Thesis & Key Summary | Bull/Bear | Action | ||
|---|---|---|---|---|---|---|---|
| Sep 2, 2026 | Fund Letter | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | The Bristlemoon Global Fund - TSM TSMC raised its 2026 capex guide to the high end of the $52-56 billion range and disclosed that capex over the next three years will be significantly higher than the past three years ($101 billion). Sell-side consensus currently... | NEUTRAL | View Pitch → | ||
| Sep 2, 2026 | Fund Letter | David A. Rolfe, Michael X. Quigley, Christopher T. JersanWedgewood Partners | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Wedgewood Partners - TSM Another beneficiary of the AI spending boom has been Taiwan Semiconductor Manufacturing. Revenues grew by... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Maria LernermanHarding Loevner International Equity | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Harding Loevner International Equity - TSM Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matt Burdett, Christian Hoffmann, Brian McMahonThornburg Equity Income Builder Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Thornburg Equity Income Builder Fund - TSM Leading semiconductor chip foundry, fabricating chips used in many digital devices. +53.4% in 1H... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Thornburg International Equity Fund - TSM Taiwan Semiconductor was a leading contributor to portfolio performance for the quarter. Leading semiconductor chip... | BULL | View Pitch → | ||
| Sep 2, 2026 | Fund Letter | Graham F. RhodesLongriver Investment Partners | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Longriver Investment Partners - TSM TSMC is the manufacturing choke point for leading-edge semiconductors. Few rivals can... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Mike PoggiBrown Advisors Global Leaders Strategy | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Brown Advisors Global Leaders Strategy - TSM We have been invested in TSMC since the inception of the Global Leaders Strategy in 2015. As we have... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Andrew Stobart / Mike Gush / Ben DurrantBaillie Gifford -Emerging Markets | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baillie Gifford Emerging Markets - TSM We have held TSMC and Samsung Electronics continuously in our emerging markets strategies since the 2000s. We initiated these... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Lawrence Burns / Paulina McPaddenBaillie Gifford -International Concentrated Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baillie Gifford International Concentrated Growth - TSM Those exposed to growing AI capital expenditure have performed strongly, and our large semiconductor holdings in TSMC and ASML have continued to benefit. TSMC remains central... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Stewart Investors | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Stewart Investors - TSM TSMC rose after reporting strong earnings results. Its position as... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ariel Investments, LLCAriel International Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Ariel International Fund - TSM We repurchased Taiwan Semiconductor Manufacturing Company, Ltd. (TSMC), the global leader in semiconductor foundry services with unmatched scale, technological leadership and execution. While demand for... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Tucker BrownSGA - International Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | SGA International Growth - TSM Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading semiconductor foundry, was a top contributor to performance during the quarter. Shares were supported... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Michael KassBaron Emerging Markets Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baron Emerging Markets Fund - TSM Taiwan Semiconductor Manufacturing Company Limited (TSMC) is the world's largest contract chipmaker and the leading manufacturer of advanced logic semiconductors used in modern AI accelerators. Shares rose during... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Dan DavidowitzPolen Capital - Focus Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Polen Capital Focus Growth - TSM Finally, we initiated a position in Taiwan Semiconductor Manufacturing Company (TSMC), the dominant pure semiconductor foundry globally. Most of the... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Hrishikesh GuptaSGA - Global Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | SGA Global Growth - TSM Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading semiconductor foundry, was a top contributor to performance during the quarter. Shares were supported... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | SGA Emerging Markets Growth - TSM Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading semiconductor foundry, was a top contributor to performance during the quarter. Shares were supported... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Teeja Boye, CFA and Brian A. Christiansen, CFASands Capital Emerging Markets Growth Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Sands Capital Emerging Markets Growth Fund - TSM TSMC benefited from strong AI demand, supported by its position as the world's largest manufacturer of leading-edge chips by market share. The biggest takeaway... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | David E. Levanson, CFA and Danielle J. Menichella, CFASands Capital International Growth Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Sands Capital International Growth Fund - TSM TSMC benefited from strong AI demand, supported by its position as the world's largest scaled manufacturer of leading-edge chips by market share. The biggest takeaway... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Brian A. Christiansen, David E. Levanson, Daniel PillingSands Capital Global Growth Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Sands Capital Global Growth Fund - TSM TSMC benefited from strong AI demand, supported by its position as the world's largest scaled manufacturer of leading-edge chips. The biggest takeaway... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ravenel B. Curry IIIEagle Capital Management | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Eagle Capital Management - TSM TSMC is the world's fab, where most leading-edge logic chips, ranging from Apple to NVIDIA, are made. TSMC is one... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Alex UmanskyBaron Durable Advantage Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baron Durable Advantage Fund - TSM Taiwan Semiconductor Manufacturing Company Limited is the world's largest contract chipmaker and the leading manufacturer of advanced logic semiconductors used in modern AI accelerators. Shares rose 41.6%... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Alex UmanskyBaron Fifth Avenue Growth Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baron Fifth Avenue Growth Fund - TSM Taiwan Semiconductor Manufacturing Company Limited is the world's largest contract chipmaker and the leading manufacturer of advanced logic semiconductors used in modern AI accelerators. Shares rose 41.6%... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Cooper Investors Pty LimitedCooper Investors Global Equities Fund (Unhedged) | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor Manufacturing Company) Despite short-term market anxieties regarding normalization in AI chip demand, TSMC's position as the dominant manufacturer of advanced chips remains intact. Secular tailwinds from... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | James FellowsFirst Eagle Investments | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor Manufacturing Company) As the undisputed global leader in semiconductor manufacturing, TSMC dominates the advanced chip foundry market with a share exceeding 60%. The company leverages... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | David A. Rolfe, Michael X. Quigley, Christopher T. JersanWedgewood Partners | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) Taiwan Semiconductor Manufacturing Company was a top contributor to portfolio performance in the first quarter. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Mark GiacopazziBestinfond | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) TSMC has established itself as the strategic 'strait' through which the digital economy transits. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Brian McMahonThornburg Global Opportunities Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Thornburg Global Opportunities Fund - TSM Taiwan Semiconductor Manufacturing is the second largest holding. Taiwan-based designer &... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Terry SmithFundsmith Equity Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Fundsmith Equity Fund - TSM Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest contract chipmaker, physically manufacturing the semiconductors designed by companies like Apple, Broadcom and Nvidia. | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Silas Myers, Brian MasseyMar Vista US Quality | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Mar Vista US Quality Select - TSM Taiwan Semiconductor Manufacturing (TSM) delivered a strong quarter and raised its full-year outlook, reflecting continued robust demand for leading-edge semiconductors. | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Tom CouttsBaillie Gifford -International All Cap | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor Manufacturing Company Limited) TSMC continues to deliver outstanding annual growth of approximately 30 percent while trading at highly reasonable valuations. The management team... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Cassandra A. HardmanHardman Johnston Global Equity | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) TSMC outperformed as it is increasingly recognized as the key bottleneck governing AI compute capacity growth. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Silas Myers, Brian MasseyMar Vista US Quality | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Mar Vista US Quality - TSM Taiwan Semiconductor Manufacturing (TSM) delivered a strong quarter and raised its full-year outlook, reflecting continued robust demand for leading-edge semiconductors. | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Jon ProudfootCapital International | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) TSMC's latest results highlighted accelerating AI demand and reinforced the company's position as a primary beneficiary of that trend. C. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Nick GriffinMunro Global Growth Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor Manufacturing Company Limited) TSMC is positioned as the dominant global semiconductor foundry benefiting from multi-year tailwinds in AI server compute and edge hardware content growth. Management expects AI... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Cooper Investors Pty LimitedCooper Investors Global Equities Fund (Unhedged) | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) Taiwan Semiconductor Manufacturing Co's (TSMC) stock price has appreciated 66% over the financial year, making it the most significant contributor to performance for FY26 so far. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Alex and DanUnison Asset Management | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) All roads—mobile, EVs, cloud computing—run on chips, and all chips lead to TSMC. TSMC controls roughly... | BULL | View Pitch → | |
| Aug 11, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TSM (Taiwan Semiconductor) TSMC is positioned as a key player in the AI infrastructure buildout due to its leading-edge semiconductor manufacturing capabilities. The company benefits... | BULL | View Pitch → | |
| Jul 31, 2026 | Other | Polen Capital - Focus Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Polen Capital – Focus Growth – TSM Finally, we initiated a position in Taiwan Semiconductor Manufacturing Company (TSMC), the dominant pure semiconductor foundry globally. Most of the... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Cooper Investors Pty LimitedCooper Investors Global Equities Fund (Unhedged) | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Cooper Investors Global Equities Fund (Unhedged) 2025 Q4 (TSM) Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest semiconductor foundry. The Fund has... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | SGA - Emerging Markets Growth 2025 Q4 (TSM) TSMC was a top contributor during the quarter, driven by robust demand for advanced semiconductor manufacturing and improved gross margins as AI continues to grow strong and the non-AI segment showed signs of recovery. Management raised its... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Hrishikesh GuptaSGA - Global Growth | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | SGA - Global Growth 2025 Q4 (TSM) TSMC was a top contributor during the quarter, driven by robust demand for advanced semiconductor manufacturing and improved gross margins as AI continues to grow strong and the non-AI segment showed signs of recovery. Management raised its... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | GregAGT Partners | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | AGT Partners 2025 Q4 (TSM) TSMC continues to perform well beyond our expectations. In 2025, revenue... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Ravenel B. Curry IIIEagle Capital Management | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Eagle Capital Management 2025 Q4 (TSM) TSMC is the world's dominant pure play semiconductor foundry, manufacturing more than 90% of advanced logic chips for fabless designers including Apple, Nvidia, Qualcomm, Broadcom, and AMD. The company's scale... | BULL | View Pitch → | |
| Feb 3, 2026 | Fund Letter | Alex and DanUnison Asset Management | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Unison Asset Management 2025 Q4 (TSM) All roads—mobile, EVs, cloud computing—run on chips, and all chips lead to TSMC. TSMC controls roughly... | BULL | View Pitch → | |
| Feb 3, 2026 | Fund Letter | Alex UmanskyBaron Durable Advantage Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baron Durable Advantage Fund 2025 Q4 (TSM) Semiconductor giant Taiwan Semiconductor Manufacturing Company Limited (TSMC) contributed to performance during the quarter with shares up 9.0%, and up 55.5% in 2025, driven by robust demand for AI chips. After reporting its... | BULL | View Pitch → | |
| Jan 29, 2026 | Fund Letter | Michael KassBaron Emerging Markets Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Baron Emerging Markets Fund 2025 Q4 (TSM) Semiconductor giant Taiwan Semiconductor Manufacturing Company Limited (TSMC) contributed to performance during the quarter, driven by robust demand for AI chips. We retain conviction... | BULL | View Pitch → | |
| Jan 27, 2026 | Fund Letter | Silas Myers, Brian MasseyMar Vista US Quality | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Mar Vista US Quality 2025 Q4 (TSM) Taiwan Semiconductor (TSM) is the dominant manufacturer of semiconductors for the world's leading fabless chip designers including NVIDIA, Apple, Broadcom, and others. TSM is the... | BULL | View Pitch → | |
| Jan 24, 2026 | Fund Letter | Cameron RobertsonPlatinum Asia Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Platinum Asia Fund 2025 Q4 (TSM) Platinum's core semiconductor holdings – SK hynix, Samsung Electronics and TSMC – were all up strongly. Asian markets continued... | BULL | View Pitch → | |
| Jan 24, 2026 | Fund Letter | David SteinthalPlatinum International Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Platinum International Fund 2025 Q4 (TSM) Taiwan's TSMC is the leading manufacturer of semiconductor chips used in AI, mobile phone and other applications. It benefits from... | BULL | View Pitch → | |
| Jan 24, 2026 | Fund Letter | Columbia Management Investment Advisers, LLCColumbia Global Technology Growth Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Columbia Global Technology Growth Fund 2025 Q4 (TSM) Shares of Taiwan Semiconductor Manufacturing (TSM) returned strong double digits during the quarter, as overwhelming AI chip demand from key customers including NVIDIA and Apple validated the company's central role in the AI supply chain. TSM reported bullish... | BULL | View Pitch → |
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Investment pitches and theses displayed on Buyside Digest are summaries of opinions expressed in publicly available investor letters, research reports, or other commentary. These summaries are generated for informational and research purposes only and do not constitute investment recommendations, financial advice, or an endorsement of any particular security or strategy by Buyside Digest. Users should conduct their own independent due diligence and consult with professional advisors before making any investment decisions.