Loudon Investment Management LLC cut its holdings in Amgen Inc. ( NASDAQ:AMGN – Free Report ) by 1.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 14,142 shares of the medical research company's stock after selling 157 shares during the quarter. Amgen accounts for about 2.4% of Loudon Investment Management LLC's portfolio, making the stock its 12th biggest position. Loudon Investment Management LLC's holdings in Amgen were worth $3,419,000 as of its most recent SEC filing.

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