Avalon Investment & Advisory grew its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 19.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,490 shares of the semiconductor company’s stock after purchasing an additional 16,680 shares during the period. Avalon Investment & Advisory’s holdings in Taiwan Semiconductor Manufacturing were worth $12,075,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of the company. AFT Forsyth & Company Inc. lifted its stake in shares…