Covington Capital Management trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,509 shares of the semiconductor company’s stock after selling 4,494 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.3% of Covington Capital Management’s portfolio, making the stock its 14th biggest position. Covington Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $32,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $28,000. Albion Financial Group UT purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $28,000. Milestone Resources Group Ltd raised its holdings in shares of Taiwan Semiconductor Manufacturing by 54.4% in the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock worth $30,000 after buying an additional 87 shares during the period. Finally, Atlas Private Wealth Advisors raised its holdings in shares of Taiwan Semiconductor Manufacturing by 202.3% in the second quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock worth $31,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 16.55% of the company’s stock.