Tran Capital said Taiwan Semiconductor Manufacturing Company (TSMC) contributed to the fund’s Q2 2026 performance. Its Multi Cap Growth Strategy returned 17.5% net, versus 15.2% for the S&P 500; the letter cited chip demand amid AI infrastructure spending.
Tran Capital said TSMC’s monthly revenues set fresh records throughout the quarter and rose about 30% year over year. It also said high-performance computing accounted for most sales, leading-edge nodes represented about three-quarters of wafer revenue, and gross margins remained above 65% and were rising.
The letter said TSMC management raised its full-year outlook to more than 30% growth and increased capital investment to meet demand. The article reported that shares closed at $446.57 on Sept. 23, 2026, up 61.41% over the prior year, with a market capitalization of $2.05 trillion.
