Confluence Investment Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating ) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,651 shares of the semiconductor company’s stock after selling 1,744 shares during the quarter. Confluence Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently made changes to their positions in the…