Taiwan's "Three Major Institutions" are Foreign Investors (FINI), Investment Trusts (local fund managers), and Proprietary Dealers (brokerages trading their own capital). Their combined activity has significant influence on individual stock movements.
The largest institutional force in Taiwan. They hold core positions in large-cap stocks like TSMC and heavily influence the weighted index. Sustained FINI buying is a key medium-to-long-term bullish signal.
Local fund companies that prefer mid-to-small cap growth stocks. Consecutive days of Investment Trust buying often precede significant price moves. Because they need to build substantial positions, their buying tends to be consistent once started.
Primarily short-term operations. Their signals are less reliable for individual stocks as their positions often include hedging components.
Not necessarily. FINI selling is sometimes index hedging, not a bearish view on individual stocks. Check individual stock data, not futures positions, and combine with technicals.
For mid-to-small caps, Investment Trust activity typically has greater impact. For large-caps like TSMC, Foreign Investor direction is more critical.
Taiwan Stock Exchange (twse.com.tw) publishes daily institutional data after market close. 線上有位 deep analysis also integrates recent institutional figures.