Quintet Private Bank Reduces Stake in Taiwan Semiconductor Manufacturing

Quintet Private Bank Europe S.A. reported to the Securities and Exchange Commission that it lessened its holdings in Taiwan Semiconductor Manufacturing Company Ltd. by 47.6% during the third quarter. The bank sold 32,063 shares, leaving it with 35,333 shares, which were valued at $16,119,000 at the time of the filing. Other investors also modified their positions, including Toth Financial Advisory Corp, Whalen Wealth Management Inc., and City Center Advisors LLC, all of whom increased their stakes in the company.

The reduction by Quintet Private Bank Europe S.A. represents a significant change in institutional ownership of the semiconductor company. This action, alongside increases from other large investors, reflects shifting institutional sentiment regarding Taiwan Semiconductor Manufacturing Company Ltd. and its market valuation.