Who Is Buying Texas Instruments? Hedge Fund Activity in 2026
See which hedge funds are buying, selling, or holding Texas Instruments (TXN) based on latest 13F filings. 7 funds buying, institutional value $27.3B.
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Who Is Buying Texas Instruments? Hedge Fund Activity in 2026
Texas Instruments (TXN) is drawing massive institutional attention this quarter, with one of the most lopsided buying-to-selling ratios among major semiconductor stocks. The latest 13F filings show 7 funds buying against just 4 selling, highlighted by a staggering $1.5 billion position from D.E. Shaw and a brand new entry from George Soros's fund. The analog semiconductor leader is clearly in favor with the smart money.
With TXN trading around $194.87, institutional investors are making a clear statement: analog semiconductors are a structural growth story, and Texas Instruments is the best way to play it.
Quick Answer
Across the funds we read directly from SEC filings, the largest Texas Instruments position in the Q2 2026 13Fs (period ending 30 June 2026) is Citadel Advisors at $613M (2,055,598 shares). Measured against the size of each filer's book rather than in dollars, the most concentrated holder is Renaissance Technologies, where Texas Instruments is 0.6% of everything they report. Every figure here is aggregated by CUSIP from the filer's own information table with put/call rows excluded — a 13F lists options beside shares, and adding them together is what produces the inflated stakes quoted elsewhere. Filings lag roughly 45 days: this is positioning as of 30 June 2026, not today, and not investment advice.
Key Stats at a Glance
- 7 funds buying | 4 funds selling | 5 holding steady
- 16 active institutional funds tracked
- Current price: ~$194.87 Index managers such as Vanguard, BlackRock and State Street hold the largest raw positions in almost every large-cap name, because they track the index rather than pick the stock. Among the active filers we read directly from EDGAR, the largest position in the Q2 2026 filings is Citadel Advisors at $613M (2,055,598 shares).
The 7-to-4 buying advantage, combined with the sheer dollar amounts being deployed, makes TXN one of the most bullishly positioned semiconductor stocks in the institutional universe.
Who holds Texas Instruments, and how much it matters to them
Read from each filer's Q2 2026 information table (period ending 30 June 2026).
| Fund | Position | Shares | Share of the fund's 13F book |
|---|---|---|---|
| Citadel Advisors | $613M | 2,055,598 | 0.4% of $171.84B |
| Renaissance Technologies | $418M | 1,402,100 | 0.6% of $72.62B |
| Millennium Management | $188M | 631,666 | 0.1% of $142.92B |
| Bridgewater Associates | $556k | 1,865 | 0.0% of $24.38B |
The last column is the one worth reading. A multi-strategy fund reporting a $100B+ book can hold a large dollar amount of Texas Instruments that means almost nothing to it, while a concentrated fund holding less in dollars may have several percent of its entire book in the name. Rankings by dollar value hide exactly that difference.
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See your Freedom Runway — freeWho added and who cut
Comparing each filer's Q1 2026 table with its Q2 2026 one, by share count — the change is what shows conviction, not the size of the position.
| Fund | Q1 2026 shares | Q2 2026 shares | Change |
|---|---|---|---|
| Bridgewater Associates | 0 | 1,865 | new position |
| Citadel Advisors | 367,515 | 2,055,598 | +459% |
| Millennium Management | 190,698 | 631,666 | +231% |
| Renaissance Technologies | 851,300 | 1,402,100 | +65% |
A fund absent from this table reported no Texas Instruments position in either quarter.
Why D.E. Shaw's $1.5B Bet Matters
To appreciate the significance of D.E. Shaw's position, consider context. A $1.5 billion concentration in a single stock is unusual for any hedge fund, and especially notable for a quantitative firm that typically diversifies across thousands of positions. This level of concentration suggests that D.E. Shaw's models have identified an exceptionally favorable risk-reward setup in TXN — one where the potential return justifies an outsized allocation.
The position also reflects confidence in Texas Instruments' capital allocation strategy. TXN has been one of the most disciplined capital allocators in the semiconductor industry, returning substantial cash to shareholders through dividends and buybacks while simultaneously investing in manufacturing capacity that will drive future earnings growth.
For investors tracking institutional positioning, D.E. Shaw's $1.5 billion stake is a landmark data point — the kind of concentrated bet that often precedes sustained institutional interest and price appreciation. Combined with fresh entries from Soros and continued buying from Renaissance and Two Sigma, TXN's institutional momentum is among the strongest in the semiconductor sector.
Track Texas Instruments Institutional Activity
Track TXN institutional moves in real-time with Freenance Smart Money — we track 35 funds with $21.4T total AUM across 77,111 positions. See who's buying and selling at app.freenance.io/smart-money/ticker/TXN.
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FAQ
Where is Texas Instruments in the analog semiconductor cycle?
Analog semiconductors follow a longer-tail cycle than digital chips, with order patterns driven by industrial and automotive customers managing multi-year programs. After a period of inventory destocking across distribution channels, TXN's commentary has pointed to gradual normalization. Institutional models track book-to-bill, distribution sell-through, and lead times to gauge where the cycle currently sits.
Why are industrial and automotive end markets central to the TXN thesis?
Industrial and automotive customers account for the majority of Texas Instruments' revenue and carry structural growth tailwinds from electrification, factory automation, and vehicle content per unit. These segments are also stickier than consumer electronics because designs lock in for many years. That mix is part of why funds tolerate premium analog multiples for TXN versus other chip names.
How does TXN's capex strategy shape long-term margins?
Texas Instruments has been investing aggressively in 300mm wafer capacity in the US, including facilities in Texas and Utah. The strategy is designed to lower per-unit cost and lock in geographic supply chain resilience. Funds debate the near-term free-cash-flow drag against the longer-term margin and capacity advantages that internal manufacturing can compound.
What does owning fabs give TXN versus fabless analog peers?
Owning manufacturing capacity gives TXN tighter control over yields, capacity allocation, and cost curves, particularly during supply-constrained periods. It also reduces reliance on third-party foundries whose pricing and priorities can shift. The trade-off is heavier capex intensity and balance-sheet commitment, which institutional models price in against the structural moat.
Which macro signals drive analog semiconductor demand?
PMI readings, automotive production schedules, industrial capex surveys, and US/EU policy on chip incentives are key inputs. A recovery in industrial PMI tends to precede an upcycle in analog orders, while electric-vehicle production trajectories shape automotive semiconductor content growth. Institutional buyers triangulate these signals to time exposure across the cycle.