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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (22795)	5/25/1998 10:20:00 PM
From: Teddy	Read Replies (4) \| Respond to of 95453

Look's like this fund is dumping the sector. A snip from a long article: Magellan's portfolio is so big that investment changes, huge by mere mortal standards, don't even get mentioned in the chat sections of fund reports. To get a sense of how Magellan is moving around in markets, you really have to rake through the entire portfolio. That's a collection of stocks that includes six $1 billion-plus holdings and an astonishing 179 issues each worth more than $100 million. Here's a quick rundown on big Magellan moves between last Sept. 30 and March 31. ...Energy: Magellan bailed out on Dresser Industries (DI:NYSE), selling all but 708,400 shares of its 9.8 million-share position of Sept. 30. The fund also unloaded all 6.8 milion shares of Global Marine (GLM:NYSE), 1.1 million shares of Schlumberger (SLB:NYSE), 1.9 million shares of British Petroleum (BP:NYSE), 1 million shares of Amoco (AN:NYSE), 2.1 million shares of Enron Oil (ENE:NYSE), 2.2 million shares of Philips (P:NYSE) and 1.3 million shares of Total SA Class B (TOT:NYSE ADR)....