Ayalon Holdings Ltd. trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,811 shares of the semiconductor company’s stock after selling 7,780 shares during the period. Ayalon Holdings Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,758,000 as of its most recent SEC filing. A number of other large investors have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its stake in Taiwan Semiconductor Manufacturing by…