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Marsico Capital sold almost all energy stocks in fourth quarter

2015-02-16 02:19:40| Energy - Topix.net

Money manager Thomas Marsico cut his exposure to declining oil prices during the fourth quarter by selling $876 million of energy stocks, including stakes in Schlumberger Ltd. and Halliburton Co. Marsico Capital Management divested all of its stock in five energy companies, the Denver-based firm disclosed in a regulatory filing Friday.

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