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Magellan Asset Management Ltd lessened its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,785,992 shares of the information services provider’s stock after selling 260,402 shares during the period. Alphabet makes up 2.5% of Magellan […]

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