Carrhae Capital LLP: TAIWAN SEMIC-ADR (TSM): Quarterly 13F Position History
As of Q2 2026, Carrhae Capital LLP reported 414,556 shares of TAIWAN SEMIC-ADR (TSM), worth $198.0M and representing 13.0% of its 13F equity book. Quarter-over-quarter share count change: 144,324 (-25.8%) . The position first appeared in Q2 2015 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 414,556Shares Held (Latest Filing)
- $198.0MReported Market Value (Latest Filing)
- 13.0%Portfolio Weight (% of 13F Equity Book)
- 144,324Quarter-over-Quarter Share Change
- +$9.1MQuarter-over-Quarter Value Change
- 757,500Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 414,556 | 144,324 | -25.8% | $198.0M | 13.0% | $477.6 |
| Q1 2026 | 558,880 | 29,579 | -5.0% | $188.9M | 13.3% | $337.9 |
| Q4 2025 | 588,459 | +392,127 | +199.7% | $178.8M | 11.9% | $303.9 |
| Q3 2025 | 196,332 | 61,669 | -23.9% | $54.8M | 5.2% | $279.3 |
| Q2 2025 | 258,001 | +258,001 | — | $58.4M | 5.6% | $226.5 |
| Q1 2025 | 0 | 383,886 | -100.0% | $0 | 0.0% | — |
| Q4 2024 | 383,886 | 351,340 | -47.8% | $75.8M | 9.0% | $197.5 |
| Q3 2023 | 735,226 | +237,817 | +47.8% | $63.9M | 22.0% | $86.9 |
| Q2 2023 | 497,409 | +176,461 | +55.0% | $50.2M | 22.2% | $100.9 |
| Q1 2023 | 320,948 | 12,266 | -3.7% | $29.9M | 9.5% | $93.0 |
| Q4 2022 | 333,214 | +333,214 | — | $24.8M | 7.9% | $74.5 |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 412,213 | -100.0% | $0 | 0.0% | — |
| Q1 2022 | 412,213 | +412,213 | — | $43.0M | 19.6% | $104.3 |
| Q4 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2019 | 0 | 47,281 | -100.0% | $0 | 0.0% | — |
| Q3 2019 | 47,281 | +47,281 | — | $2.2M | 1.4% | $46.5 |
| Q2 2019 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2019 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2018 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2017 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2017 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2017 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2017 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2016 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2016 | 0 | 325,500 | -100.0% | $0 | 0.0% | — |
| Q2 2016 | 325,500 | 432,000 | -57.0% | $8.5M | 7.9% | $26.2 |
| Q1 2016 | 757,500 | +280,500 | +58.8% | $19.8M | 19.8% | $26.2 |
| Q4 2015 | 477,000 | 150,000 | -23.9% | $10.9M | 29.5% | $22.8 |
| Q3 2015 | 627,000 | +221,000 | +54.4% | $13.0M | 16.8% | $20.8 |
| Q2 2015 | 406,000 | — | — | $9.2M | 8.1% | $22.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Carrhae Capital LLP first disclose a TSM position in 13F-HR filings?
Carrhae Capital LLP first reported TAIWAN SEMIC-ADR (TSM) on its 13F-HR filing for the period ending 2015-06-30 (Q2 2015). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in TSM?
Between Q1 2026 and Q2 2026, Carrhae Capital LLP reduced its TSM position by 144,324 shares (-25.8%), leaving 414,556 shares at a market value of $198.0M.
Does the implied price-per-share represent Carrhae Capital LLP's cost basis in TSM?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.