Mackay Shields LLC lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,565 shares of the semiconductor company’s stock after selling 119,674 shares during the quarter. Mackay Shields LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $48,732,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. SevenOneSeven Capital Management lifted its holdings in Taiwan Semiconductor Manufacturing by 28.8% in the 2nd quarter. SevenOneSeven Capital Management now owns 2,379 shares of the semiconductor company’s stock worth $286,000 after buying an additional 532 shares in the last quarter. GQG Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 203.7% in the 2nd quarter. GQG Partners LLC now owns 9,205,116 shares of the semiconductor company’s stock worth $1,105,795,000 after buying an additional 6,173,921 shares in the last quarter. Lumina Fund Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $721,000. TrinityPoint Wealth LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 11.5% in the 2nd quarter. TrinityPoint Wealth LLC now owns 8,778 shares of the semiconductor company’s stock valued at $1,055,000 after purchasing an additional 905 shares in the last quarter. Finally, Toroso Investments LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 24.9% in the 2nd quarter. Toroso Investments LLC now owns 100,654 shares of the semiconductor company’s stock valued at $12,095,000 after purchasing an additional 20,075 shares in the last quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock.