TXN

TXN

TXN

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Aug 4, 2025	Artemis Global Select Fund (converted to Artemis SmartGARP Global Smaller Companies Fund on October 6, 2025)	4.2%	-7.5%	SDZ SW, TXN	currencies, Cycles, Global Equities, selectivity, tariffs	The commentary highlights the influence of economic and political cycles on global asset prices, particularly tariffs, fiscal policy, and currency movements. Management stresses selective stock picking across regions and sectors as macro conditions evolve. Cyclical recovery potential is balanced against valuation discipline.		View
2025 Q2	Jul 27, 2025	Diamond Hill Large Cap Strategy	2.9%	4.3%	ADBE, AON, BRK/A, DIS, FERG, KMX, RRX, TXN	cash flow, Intrinsic Value, Large Caps, Quality, volatility	The commentary highlights high-quality large-cap companies trading below intrinsic value following tariff-driven volatility. Management focuses on strong cash generation, durable franchises, and disciplined capital allocation. Valuation gaps created by macro noise are positioned as opportunities.	ADBE FERG RRX	View
2024 Q2	Jun 30, 2024	Carillon Eagle Growth & Income Fund	-	-	ADI, AVGO, AZN, HD, MDT, ORCL, PLD, PPG, TGT, TXN	-			View
2024 Q2	Jun 30, 2024	Platinum International Technology Fund	3.0%	-	7974 JP, AMD, IFX GR, TXN	-			View
2025 Q1	May 1, 2025	Mairs & Power – Balanced Fund	0.0%	0.0%	DIS, GOOG, MSI, QCOM, TECH, TXN, WEC	-			View
2025 Q4	Feb 3, 2026	The Sound Shore Fund	7.8%	18.2%	C, COF, FLEX, GM, HII, LUV, MSFT, PVH, PYPL, REGN, TEVA, TMO, TXN, WBD	defense, earnings, healthcare, Manufacturing, Transformation, undervalued, value	Sound Shore specializes in identifying undervalued companies undergoing transformations, focusing on stocks trading at attractive valuations relative to earnings power. The portfolio trades at 13.5 times forward earnings versus S&P 500 at 22 times, providing meaningful discount despite strong balance sheets and free cash flow. Healthcare was the best performing sector in Q4 after lagging earlier in 2025. Portfolio holdings Regeneron and TEVA provided positive pipeline updates and were among largest contributors as regulatory clarity emerged around previously uncertain policies. Huntington Ingalls Industries, the largest US Naval shipbuilder, was a standout 2025 performer after working through post-COVID supply chain issues. The company benefits from US Navy's commitment to rapidly expand the fleet and prospects for further margin gains. FLEX evolved from low-value electronics assembly to high-value specialized manufacturing for medical, industrial, and automotive industries. Under CEO Revathi Advaithi, the company achieved operational discipline and double-digit earnings growth with expanding margins, benefiting from accelerating data center end-markets.		View
2024 Q4	Dec 31, 2024	Latitude Global Fund	-	-	AI FP, AZO, BP, COR, DEO, DG FP, DLTR, FGR FP, GOOG, HEIA NA, JPM, KO, MCK, RYA ID, SONY, TSCO, TXN, UEEC, ULVR LN, V, WEC	compounders, Macro, Resilience, Rotation, volatility	Dislocations driven by shifting global policy, sector rotations, and episodic volatility created opportunities to upgrade the portfolio into long-duration compounders. The manager emphasizes disciplined capital allocation amid uncertainty, focusing on resilient franchises with pricing power. Macro dispersion continues to shape relative value and entry points across global equities.		View
2025 Q3	Nov 11, 2025	Artemis US Select Fund (Class I Accumulation Shares GBP)	9.6%	-	AAPL, ABBV, BE, FIX, TSLA, TXN, WDC	AI, Data centers, demand, infrastructure, semiconductors	The fund highlights accelerating momentum in AI-linked spending, with semiconductor and data-center demand driving results across several holdings. Strong revenue growth from companies supplying AI infrastructure reinforces the themes durability, though managers remain cautious about pockets of exuberance. AI continues to shape sector positioning, with selective exposure aimed at favorable risk-reward dynamics.	PH	View
2023 Q3	Oct 31, 2023	The London Company Income Equity	10.4%	14.6%	AAPL, CCI, CVX, NOC, NSC, PAYX, PFE, PGR, TXN, VZ	-			View
2025 Q3	Oct 24, 2025	Mairs & Power – Balanced Fund	-	6.5%	AMZN, ENTG, FI, FUL, JPM, MSI, TECH, TXN, UNH, WFC	asset allocation, Data centers, inflation, tariffs, Utilities	The team keeps a long-term, valuation-disciplined balance across equities and bonds while noting extreme market concentration in AI mega-caps. They highlight a multi-year buildout in power and thermal infrastructure tied to data centers, and added utilities exposure benefiting from that demand. Tariff uncertainty and persistent inflation keep them selective and quality-focused.		View
2025 Q3	Oct 19, 2025	Miller Howard Investments Income-Equity Strategies	3.6%	-	ABBV, BK, C, CAG, CMCSA, COP, ELS, EMN, GSK, HRL, JNJ, ORI, PAYX, TTE, TXN	AI, cash flow, dividends, financials, value	Income-Equity portfolios outperformed on dividend strength from financials and healthcare while contrasting AI-driven spending by large-cap tech firms. The strategy emphasizes high and growing income from undervalued cash-generative companies, avoiding speculative AI capex cycles.	TTE HRL ELS COP	View
2025 Q3	Oct 15, 2025	Madison Sustainable Equity Fund	6.5%	8.2%	AMZN, ANET, COST, GOOG, LLY, ORCL, PLAN CN, TEL, TJX, TXN, V	Artificial Intelligence, Cloud Computing, Esg, sustainability, technology	Madison underscores the integration of AI and sustainability within high-quality, large-cap equities. It highlights Oracle, Alphabet, Arista, and TE Connectivity as key beneficiaries of AI infrastructure growth and cloud expansion, while emphasizing ESG leadership at firms like Amazon, Microsoft, and Linde. The funds outlook favors technology and communication services, expecting AI adoption and sustainability initiatives to drive multi-year earnings growth.	TJX TEL ANET GOOGL ORCL	View
2023 Q3	Oct 15, 2023	Madison Investors Fund	7.8%	17.0%	A, ACGL, ADBE, DLTR, J, TEL, TXN	-			View
2023 Q3	Oct 15, 2023	Madison Sustainable Equity Fund	6.1%	20.1%	ADI, DIS, GOOG, HD, J, LLY, NEE, PEP, TXN, UNH	-			View
2023 Q3	Oct 10, 2023	Vulcan Value Partners – Large Cap	8.2%	17.6%	DEO, LRCX, MAR, TXN, UNH	-			View
2025 Q4	Jan 30, 2026	Matrix Dividend Income	0.0%	0.0%	ACN, LMT, META, TXN	AI, consumer, dividends, Fed, financials, rates, technology, value	Artificial Intelligence was the most important investment theme in 2025 and is expected to be a powerful force in the real economy for years to come. AI is a tool with the potential to significantly increase economic productivity, but comes with high costs for employees being laid off and entry level workers finding it difficult to land jobs as their skills are automated. The Dividend Income portfolio's companies increased dividends by an average of 5.8% in 2025, with holdings having raised dividends for an average of 17.5 years. Lower short-term money market rates following Fed cuts should renew market interest in dividend paying stocks, providing an additional tailwind for the portfolio. After more than a decade of Growth stocks vastly outperforming Value, Matrix expects Value will be in a period of favorable relative and absolute returns. They expect rotation from Large Cap Growth stocks with highest market valuations to stocks and sectors with more reasonable valuations that can show consistent earnings. The Federal Reserve cut interest rates three times in 2025 and is expected to cut at least twice more in 2026. Matrix remains cautious on intermediate and long-term bonds due to questions about Fed independence and potential for renewed inflationary pressure, focusing on shorter-term maturities.	FISV TXN	View
2025 Q4	Jan 30, 2026	Matrix Large Cap Value Strategy	0.0%	0.0%	ACN, FI, GNRC, LMT, META, TXN	AI, dividends, Fed, financials, rates, technology, value	Artificial Intelligence was the most important investment theme in 2025 and is expected to be a powerful force in the real economy for years to come. AI is a tool with the potential to significantly increase economic productivity, but comes with high costs for employees being laid off and entry level workers finding it difficult to land jobs as their skills are automated. After more than a decade of Growth stocks vastly outperforming Value, Matrix expects Value will be in a period of favorable relative and absolute returns. They expect a rotation from Large Cap Growth stocks with the highest market valuations to stocks and sectors with more reasonable valuations that can show consistent earnings. Matrix expects high quality Value and Dividend stocks to perform well in an environment where investors are seeking to replace income lost due to declining short-term interest rates. Lower short term money market rates following additional Fed Fund cuts should renew the market's interest in dividend paying stocks.		View
2025 Q4	Jan 20, 2026	Madison Large Cap Fund	3.4%	3.4%	A, ACGL, ADI, AMZN, BN, CDW, CPRT, DHR, FERG, FI, GOOGL, HON, KEYS, LOW, NKE, PCAR, PGR, PH, TXN, WDAY	AI, Automation, financials, industrials, large cap, Quality, technology, value	The portfolio is populated with high-quality, durable businesses across a wide range of industries, selling for reasonable prices. The fund invests in the proven over the promise, the long-term over the short-term, and durability over momentum. This focus on quality businesses has been a strong foundation for attractive long-term investment performance. Alphabet released new AI models that gave investors further confidence that the company is well positioned for growth. Workday is investing in commercializing AI agents, which should be additive to revenue growth. The fund acknowledges heightened concerns of AI-related disruption affecting some businesses. Honeywell is undergoing a portfolio transformation with the anticipated separation of the aerospace and automation businesses in the second half of 2026. This separation will further enhance the return on invested capital and growth opportunities for each business.	WDAY FISV	View
2025 Q4	Jan 20, 2026	Harding Loevner Global Small Companies	0.4%	8.5%	AAPL, ADBE, AMD, AMZN, AVGO, CRM, CSCO, GOOGL, IBM, INTC, META, MSFT, NFLX, NOW, NVDA, ORCL, PYPL, QCOM, TSLA, TXN	global, healthcare, momentum, Quality, small caps, technology, value	The manager emphasizes quality-growth investing that demands relentless skepticism toward market narratives and constant scrutiny of company fundamentals. They focus on financially strong, well-managed companies with durable competitive advantages operating in industries poised for long-term growth. The letter discusses how price momentum is a well-documented phenomenon where securities whose prices have risen are more likely to keep rising in the short run. When momentum takes hold, fundamentals usually fade from view while narratives are used to justify price moves. AI enthusiasm has lifted hardware and semiconductor stocks while weighing on shares of software and services holdings. The manager notes that many AI-related winners lack clear basis for continuing, with some companies barely connected to the AI theme benefiting from momentum. Gold is trading at its highest inflation-adjusted level in five decades, but it is a volatile commodity. Gold-mining companies have not had a great history of profitability other than when prices are unusually high, making the current rally questionable for long-term returns.	2344 TT DIA IM 298380 KS	View
2025 Q4	Jan 18, 2026	Mairs & Power – Balanced Fund	0.0%	6.6%	AMZN, CASY, ENTG, FI, GOOG, HD, HON, HRL, JPM, LLY, MSI, NEOG, PFG, RHHBY, ROK, TECH, TGT, TRV, TXN, UNH, USB, WEC, WFC	AI, Balanced, earnings, financials, healthcare, rates, technology	AI and increasing market concentration took center stage in 2025, with the rate of investment in technology and AI infrastructure spending driving market narrative. McKinsey projects nearly $7 trillion in capital expenditures will be needed worldwide by 2030 to build up AI infrastructure. The Fund believes we are entering a transition period for AI, moving into a higher risk phase with flood of capital and unusual financing structures. The consistency of corporate earnings is a major reason for continued stock market strength. The S&P 500 is projected to deliver 12% earnings growth in 2025, while small cap companies are showing their first signs of earnings growth recovery after three years of contraction, posting 13% growth in 2025. The Federal Reserve began cutting rates in the fourth quarter with cooling inflation giving policymakers confidence. Lower interest rates are expected to continue into 2026, which typically takes around a year to feel effects through the economy and would likely support small business hiring and consumer confidence.		View
2024 Q2	Jul 26, 2024	Diamond Hill Large Cap Strategy	7.9%	14.7%	AMZN, GOOG, IP, KMX, RRX, SBUX, TGT, TXN	-			View
2024 Q2	Jul 22, 2024	The London Company Income Equity	10.4%	14.6%	AAPL, FAST, LOW, NSC, NSRGY, NTDOY, PM, TEL, TXN, VZ	-			View
2024 Q2	Jul 22, 2024	The London Company Large Cap	8.1%	14.6%	ALB, APD, GOOG, MLM, NEU, NSC, ODFL, TEL, TXN	-			View
2023 Q2	Jul 19, 2023	The London Company Large Cap	8.1%	14.6%	ALB, KMX, MLM, ORLY, PGR, RSG, SBUX, TXN, VZ	-			View
2024 Q2	Jun 30, 2024	American Century Equity Income Fund	9.6%	0.0%	ADI, CB, INTC, KVUE, MCHP, MDT, NSC, RHO GR, TXN, ULVR	-			View
2023 Q1	Apr 20, 2023	The London Company Income Equity	10.4%	14.6%	AAPL, FIS, MSFT, NSC, PFE, SCHW, TXN	-			View
2023 Q4	Jan 28, 2024	Mairs & Power – Balanced Fund	0.0%	11.0%	CRM, ECL, ENTG, FI, HSY, LLY, MSFT, NTRS, SHW, TXN	-			View
2024 Q4	Jan 13, 2025	Fundsmith Equity Fund	-	8.9%	AAPL, ADP, ATCOA SS, BF/B, DEO, IDXX, META, MKC, NKE, NVDA, NVO, OR FP, PM, TXN	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Feb 4, 2026	Fund Letters	David A.Katz	Texas Instruments Incorporated	Information Technology	Semiconductors	Bull	NASDAQ	Cyclicality, Industrial, Margins, semiconductors, valuation	View Pitch
Jan 8, 2026	Fund Letters	Cristiano Souza	Texas Instruments Incorporated	Information Technology	Semiconductors	Bull	NASDAQ	Analog Semiconductors, capital expenditure, Catalog Chips, Free Cash Flow Growth, Supply Chain Security, US Manufacturing, vertical integration	View Pitch
Nov 30, 2025	Substack	Rijnberk Invest Insights	Texas Instruments	Information Technology	Semiconductors	Neutral		analog chips, automotive market, cash flow, industrial market, Investment cycle, long-term growth, manufacturing moat, semiconductors, Texas Instruments, valuation	View Pitch
Oct 23, 2025	Value Investors Club	nassau799	Texas Instruments Inc.	Information Technology	Semiconductors	Bull	NASDAQ	Auto, buybacks, Industrial	View Pitch
Aug 13, 2025	Seeking Alpha	Sivanand Birusumanti	Texas Instruments	Information Technology	Semiconductors	Neutral	NASDAQ	—	View Pitch

BSD Shareholders of TXN

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: