Janus Henderson Investors, an investment management company, released its “Global Sustainable Equity Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the fourth quarter of 2025, global equity markets experienced a significant upswing, with many indices hitting new all-time highs. Resilient equity markets, favorable monetary policies, and ongoing momentum in AI and electrification trends supported this positive investment environment. The firm maintained a focus on high-quality companies that have strong competitive advantages and align with multi-year secular trends, strategically positioning the portfolio to effectively manage both opportunities and challenges in the shifting investment landscape. The fund returned -1.72% during the quarter, underperforming the MSCI World Index’s 3.12% gain. Stock selection in healthcare and a lower allocation to real estate enhanced relative performance, while stock selection made in industrials and financials negatively impacted results. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Janus Henderson Investors Global Sustainable Equity Fund highlighted Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as a notable contributor. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s leading manufacturer of integrated circuits and other semiconductor devices. On March 27, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed at $326.74 per share. One-month return of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was -11.48%, and its shares gained 96.83% over the past 52 weeks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a market capitalization of $1.695 trillion.
Janus Henderson Investors Global Sustainable Equity Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its fourth quarter 2025 investor letter:
“The largest positive contributors at the stock level included Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Keysight, and Knorr-Bremse. TSMC continued its positive momentum with robust third quarter results. The company beat revenue and margin expectations, driven by strong demand for its advanced products and cost improvements. The company also raised its full-year revenue guidance (forecast) from 30% year-on year revenue growth to 35%, reflecting “explosive” growth in AI demand, particularly from consumer, enterprise, and sovereign AI models. As the world’s leading semiconductor foundry, responsible for producing over half of the global chip supply, TSMC plays a pivotal role in enabling the rapidly expanding AI infrastructure ecosystem.”
Is TSM a good stock to buy?
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks 6th on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 224 hedge fund portfolios held Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) at the end of the fourth quarter, up from 194 in the previous quarter. While we acknowledge the potential of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and shared Columbia Global Technology Growth Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. This article is originally published at Insider Monkey.