Might mean (unverified): Reduce holdings by selling assets.
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We found 2 dictionaries that define the word sell down:

General (2 matching dictionaries)
  1. sell-down: Wordnik
  2. sell down: Wiktionary

Definitions from Wiktionary (sell down)

verb:  (intransitive, British, business) To become less by being sold.
verb:  (transitive, British, business) To reduce by selling.
verb:  (idiomatic) To betray a person; to conspire against someone for personal gain.

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