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…