Confluence Investment Management LLC reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating ) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,651 shares of the semiconductor company’s stock after selling 1,744 shares during the period. 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). Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Sanders Capital LLC…