Factors Led Mar Vista’s U.S. Quality Strategy’s New Addition: Taiwan Semiconductor (TSM)

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Soumya Eswaran

Wed, January 14, 2026 astatine 7:15 AM CST 4 min read

Mar Vista Investment Partners, LLC, an concern absorption company, released its “Mar Vista U.S. Quality Strategy” fourth-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. US equities experienced a beardown momentum successful 2025 and marked their 2nd consecutive twelvemonth of double-digit gains. The marketplace witnessed 1 of the fastest recoveries pursuing its dip into carnivore territory successful April. Market enactment continued to constrictive arsenic Mega-cap stocks and AI-driven companies dominated the landscape. Against this backdrop, The Mar Vista’s U.S. Quality strategy reported +0.20% net-of-fees gains successful Q4 2025 vs. the Russell 1000® Index’s +2.41% instrumentality and the S&P 500® Index’s +2.65% return. Stock enactment successful the connection services, user discretionary, and financials sectors was favorable to its performance, portion banal enactment successful accusation technology, materials, and healthcare detracted from its performance. The missive besides shared that, successful 2026, markets volition request to onslaught a equilibrium betwixt beardown fundamentals and expanding economical uncertainties. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Mar Vista U.S. Quality Strategy highlighted stocks specified arsenic Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and different semiconductor devices. The one-month instrumentality for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was 19.59%, and its shares gained 60.16% implicit the past 52 weeks. On January 13, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) banal closed astatine $331.21 per share, with a marketplace capitalization of $1.72 trillion.

Mar Vista U.S. Quality Strategy stated the pursuing regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) successful its 4th fourth 2025 capitalist letter:

"Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the ascendant shaper of semiconductors for the world’s starring fabless spot designers including NVIDIA, Apple, Broadcom, and others. TSM is the world’s preeminent semiconductor foundry owed to its enactment presumption successful producing the astir precocious chips that powerfulness the world’s astir blase supercomputers, idiosyncratic computers, and mobile devices. It is besides 1 of lone 2 manufacturers that operates astatine the starring borderline of semiconductor process technology. This technological leadership, reinforced by standard economies, proprietary process know-how, and decades of accumulated manufacturing expertise, creates a formidable competitory moat that is progressively hard for different foundries to replicate. As a result, TSM earns structurally higher gross margins than its peers done a operation of technology-driven pricing powerfulness and superior manufacturing efficiency.