Strong Demand Lifted Taiwan Semiconductor Manufacturing Company Limited (TSM) in Q3

Group 1 - Harbor Capital Appreciation Fund reported a return of 5.11% in Q3 2025, underperforming compared to the Russell 1000® Growth Index at 10.51% and the S&P 500 Index at 8.12% [1] - The fund primarily invests in U.S. companies with a market capitalization of at least $1 billion [1] - The strong performance of U.S. equities in Q3 was attributed to momentum in AI and robust corporate earnings, along with support from the Federal Reserve's interest rate cut [1] Group 2 - Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) had a one-month return of 3.05% and a 52-week gain of 44.82%, closing at $298.80 per share with a market capitalization of $1.55 trillion on December 24, 2025 [2] - The demand for advanced AI and high-performance computing chips has driven TSM's stock higher, reinforcing its leadership in next-generation manufacturing [3] - TSM's revenue increased by 6% sequentially in NT during Q3 2025, and it ranked 9th among the 30 Most Popular Stocks Among Hedge Funds, with 194 hedge fund portfolios holding its shares [3]