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Magellan Sells 136,000 Netflix Shares, Cuts Position 8.3%

Magellan Asset Management Ltd cut its Netflix stake by 8.3% in Q1, and reduced Dominion Energy by 1.3%, while increasing ONE Gas by 18.2%, Spire by 21.4%, and Exelon by 26.6%, per its latest SEC 13F filings. The moves show a portfolio rotation within entertainment and utilities as Magellan adjusts its holdings across several major stocks.

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