Taiwan Semiconductor Manufacturing Company (TSMC) (2330) recently released its 2024 shareholder annual report, revealing a significant change in shareholder structure. The new pension fund, which was the fifth-largest shareholder, reduced its holdings by nearly 40,000 shares over the past year, bringing its total to 302,000 shares and causing it to drop to the seventh position among shareholders. At the same time, Fubon Life Insurance, which was previously the tenth-largest shareholder, has disappeared from the top ten list.

As of December 18, 2023, Citibank's custody of TSMC's American Depository Receipts (ADR) holds over 5.31 million shares, maintaining its position as the largest shareholder with a stake of 20.49%. The National Development Fund remains the second-largest shareholder with 1.65 million shares, holding steady at 6.38%.

Third and fourth largest shareholders are the Singapore government and the Norwegian sovereign fund, respectively. The Singapore government holds approximately 682,000 shares, a decrease of 134,000 shares from the previous year, dropping its stake to 2.63%. In contrast, the Norwegian sovereign fund increased its shareholdings to 461,000 shares, slightly raising its ownership to 1.78%.

Notably, the new pension fund, managed by the Labor Fund Bureau, held about 340,000 shares in the 2023 annual report but is now down to 302,000 shares, falling to seventh place. Discussions among netizens on PTT after this information surfaced featured comments such as 'The funds have retreated,' 'The big players have gone,' while others praised the pension fund's actions, stating, 'Selling at high prices is acceptable,' 'Buying low after selling high – this is responsible for taxpayers,' and 'Looks like the pension fund has some skills, impressive.' However, some investors lamented, 'Only the unfortunate investors are left to clean up the mess.'