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Salem Today
By the People, for the People
Salem Investment Counselors Inc. Reduces Stake in Taiwan Semiconductor Manufacturing
Institutional investor trims holdings in semiconductor giant TSMC
Mar. 24, 2026 at 11:18am
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Salem Investment Counselors Inc., a Massachusetts-based investment management firm, reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) by 7.2% in the fourth quarter, according to a recent SEC filing. The firm now owns 81,844 shares of the semiconductor company's stock, valued at $24.88 million.
Why it matters
TSMC is a critical player in the global semiconductor supply chain, providing foundry services to many of the world's leading chip designers and manufacturers. Changes in institutional ownership of TSMC shares can provide insight into broader market sentiment around the company and the semiconductor industry.
The details
According to the filing, Salem Investment Counselors sold 6,357 shares of TSMC during the fourth quarter, reducing its total position to 81,844 shares. The firm's holdings in TSMC now make up 0.7% of its overall investment portfolio, making it the 29th largest holding.
- Salem Investment Counselors Inc. filed the 13F report disclosing the TSMC stake reduction on March 24, 2026.
- The share sale occurred during the fourth quarter of 2025.
The players
Salem Investment Counselors Inc.
A Massachusetts-based investment management firm that provides wealth management and investment advisory services.
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC)
A leading global semiconductor foundry that manufactures integrated circuits on behalf of fabless and integrated device manufacturers.
The takeaway
The reduction in Salem Investment Counselors' TSMC holdings reflects broader market trends, as institutional investors adjust their semiconductor industry exposures. However, TSMC remains a dominant player in the global chip manufacturing landscape, underscoring the strategic importance of the company's operations.
