Hoertkorn Richard Charles Buys Citigroup Inc, GlaxoSmithKline PLC, Wells Fargo & Co, Sells Pfizer Inc, DNP Select Income Fund Inc., MFS Multimarket Income Trust

• New Purchases: CRM, SPWR, ADNT,
• Added Positions: C, GSK, WFC, IBM, KMI, BP, APA, MCD, F, COP,
• Reduced Positions: PG, PFE, HD, JNJ, KO, BA, TM, DNP, INTC, NUE,
• Sold Out: PGF, PAYX, ABT, PGX, ABB,

For the details of HOERTKORN RICHARD CHARLES's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=HOERTKORN+RICHARD+CHARLES

1. General Electric Co (GE) - 294,877 shares, 6.72% of the total portfolio. Shares added by 1.92%
2. Bank of America Corporation (BAC) - 402,075 shares, 6.41% of the total portfolio. Shares added by 0.45%
3. JPMorgan Chase & Co (JPM) - 98,675 shares, 6.15% of the total portfolio. Shares reduced by 0.6%
4. Procter & Gamble Co (PG) - 97,294 shares, 5.9% of the total portfolio. Shares reduced by 11.43%
5. Microsoft Corp (MSFT) - 99,210 shares, 4.45% of the total portfolio. Shares reduced by 0.87%

Hoertkorn Richard Charles initiated holdings in Salesforce.com Inc. The purchase prices were between $68.41 and $77.77, with an estimated average price of $72.57. The stock is now traded at around $75.67. The impact to the portfolio due to this purchase was 0.02%. The holdings were 500 shares as of 2016-12-31.

Hoertkorn Richard Charles initiated holdings in SunPower Corp. The purchase prices were between $6.3 and $9.11, with an estimated average price of $7.47. The stock is now traded at around $7.60. The impact to the portfolio due to this purchase was 0.01%. The holdings were 2,600 shares as of 2016-12-31.

Hoertkorn Richard Charles initiated holdings in Adient PLC. The purchase prices were between $44.2 and $58.6, with an estimated average price of $51.92. The stock is now traded at around $60.30. The impact to the portfolio due to this purchase was less than 0.01%. The holdings were 83 shares as of 2016-12-31.

Hoertkorn Richard Charles added to the holdings in Citigroup Inc by 100.53%. The purchase prices were between $47.03 and $61.09, with an estimated average price of $53.95. The stock is now traded at around $59.70. The impact to the portfolio due to this purchase was 1.43%. The holdings were 66,355 shares as of 2016-12-31.

Hoertkorn Richard Charles added to the holdings in GlaxoSmithKline PLC by 279.33%. The purchase prices were between $37.39 and $43.44, with an estimated average price of $39.52. The stock is now traded at around $38.99. The impact to the portfolio due to this purchase was 0.88%. The holdings were 42,675 shares as of 2016-12-31.

Hoertkorn Richard Charles added to the holdings in Wells Fargo & Co by 30.87%. The purchase prices were between $43.75 and $57.29, with an estimated average price of $50.28. The stock is now traded at around $54.37. The impact to the portfolio due to this purchase was 0.87%. The holdings were 92,875 shares as of 2016-12-31.

Hoertkorn Richard Charles added to the holdings in International Business Machines Corp by 55.89%. The purchase prices were between $149.63 and $168.51, with an estimated average price of $159.33. The stock is now traded at around $166.80. The impact to the portfolio due to this purchase was 0.75%. The holdings were 17,503 shares as of 2016-12-31.

Hoertkorn Richard Charles added to the holdings in Kinder Morgan Inc by 21.47%. The purchase prices were between $19.71 and $23.01, with an estimated average price of $21.14. The stock is now traded at around $21.84. The impact to the portfolio due to this purchase was 0.48%. The holdings were 180,175 shares as of 2016-12-31.

Hoertkorn Richard Charles sold out the holdings in PowerShares Financial Preferred. The sale prices were between $17.83 and $19.05, with an estimated average price of $18.46.

Hoertkorn Richard Charles sold out the holdings in Paychex Inc. The sale prices were between $53.65 and $61.93, with an estimated average price of $57.62.

Hoertkorn Richard Charles sold out the holdings in PowerShares Preferred Portfolio. The sale prices were between $14.11 and $15.14, with an estimated average price of $14.66.

Hoertkorn Richard Charles sold out the holdings in Abbott Laboratories. The sale prices were between $37.6 and $43.5, with an estimated average price of $39.65.

Hoertkorn Richard Charles sold out the holdings in ABB Ltd. The sale prices were between $20.38 and $22.88, with an estimated average price of $21.33.

Hoertkorn Richard Charles reduced to the holdings in Pfizer Inc by 25.34%. The sale prices were between $29.89 and $33.9, with an estimated average price of $32.18. The stock is now traded at around $32.80. The impact to the portfolio due to this sale was -0.4%. Hoertkorn Richard Charles still held 43,330 shares as of 2016-12-31.

Hoertkorn Richard Charles reduced to the holdings in DNP Select Income Fund Inc. by 38.06%. The sale prices were between $9.91 and $10.31, with an estimated average price of $10.09. The stock is now traded at around $10.48. The impact to the portfolio due to this sale was -0.11%. Hoertkorn Richard Charles still held 22,300 shares as of 2016-12-31.

Hoertkorn Richard Charles reduced to the holdings in MFS Multimarket Income Trust by 25%. The sale prices were between $5.71 and $6.07, with an estimated average price of $5.92. The stock is now traded at around $6.09. The impact to the portfolio due to this sale was -0.03%. Hoertkorn Richard Charles still held 15,000 shares as of 2016-12-31.

Hoertkorn Richard Charles reduced to the holdings in American International Group Inc by 30.89%. The sale prices were between $57.38 and $66.7, with an estimated average price of $62.79. The stock is now traded at around $66.88. The impact to the portfolio due to this sale was -0.02%. Hoertkorn Richard Charles still held 660 shares as of 2016-12-31.