Pictet Asset Management Ltd Buys Alphabet Inc, Qualcomm Inc, Kinder Morgan Inc, Sells Duke Energy Corp, SPDR Select Sector Fund - Energy Select Sector, Spectra Energy Corp

• New Purchases: EMB, GNTX, VMI, BITA, SCJ, IPHI, HALO, CEVA, UNFI, ULTI,
• Added Positions: GOOG, QCOM, KMI, GPN, EEM, XLF, FLS, EQIX, SPLK, XYL,
• Reduced Positions: DUK, XLE, ALV, SO, IYF, CSX, WAB, LB, PFE, WCN,
• Sold Out: SE, MENT, GNRC, ARIA, DLB, UMPQ, VREX, STJ, LLTC, BSV,

For the details of PICTET ASSET MANAGEMENT LTD's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=PICTET+ASSET+MANAGEMENT+LTD

1. Apple Inc (AAPL) - 4,101,518 shares, 1.92% of the total portfolio. Shares added by 1.77%
2. Thermo Fisher Scientific Inc (TMO) - 2,407,464 shares, 1.21% of the total portfolio. Shares added by 1.24%
3. Microsoft Corp (MSFT) - 5,444,566 shares, 1.17% of the total portfolio. Shares added by 5.54%
4. NextEra Energy Inc (NEE) - 2,800,537 shares, 1.17% of the total portfolio. Shares reduced by 6.52%
5. Alphabet Inc (GOOG) - 422,437 shares, 1.14% of the total portfolio. Shares added by 35.77%

Pictet Asset Management Ltd initiated holdings in iShares JP. Morgan USD Emerging Markets Bond. The purchase prices were between $110.22 and $114.06, with an estimated average price of $112.58. The stock is now traded at around $114.87. The impact to the portfolio due to this purchase was 0.16%. The holdings were 443,440 shares as of 2017-03-31.

Pictet Asset Management Ltd initiated holdings in Gentex Corp. The purchase prices were between $20.14 and $22.07, with an estimated average price of $20.99. The stock is now traded at around $19.96. The impact to the portfolio due to this purchase was 0.11%. The holdings were 1,564,000 shares as of 2017-03-31.

Pictet Asset Management Ltd initiated holdings in Valmont Industries Inc. The purchase prices were between $136.05 and $159.75, with an estimated average price of $147.68. The stock is now traded at around $151.85. The impact to the portfolio due to this purchase was 0.11%. The holdings were 214,567 shares as of 2017-03-31.

Pictet Asset Management Ltd initiated holdings in Bitauto Holdings Ltd. The purchase prices were between $18.52 and $26.36, with an estimated average price of $21.75. The stock is now traded at around $27.57. The impact to the portfolio due to this purchase was 0.08%. The holdings were 944,314 shares as of 2017-03-31.

Pictet Asset Management Ltd initiated holdings in iShares MSCI Japan Sm Cap. The purchase prices were between $61.57 and $67.81, with an estimated average price of $64.96. The stock is now traded at around $67.94. The impact to the portfolio due to this purchase was 0.07%. The holdings were 340,000 shares as of 2017-03-31.

Pictet Asset Management Ltd initiated holdings in Inphi Corp. The purchase prices were between $41.89 and $51.4, with an estimated average price of $46.7. The stock is now traded at around $36.16. The impact to the portfolio due to this purchase was 0.06%. The holdings were 405,889 shares as of 2017-03-31.

Pictet Asset Management Ltd added to the holdings in Alphabet Inc by 35.77%. The purchase prices were between $786.14 and $852.12, with an estimated average price of $820.39. The stock is now traded at around $927.04. The impact to the portfolio due to this purchase was 0.3%. The holdings were 422,437 shares as of 2017-03-31.

Pictet Asset Management Ltd added to the holdings in Qualcomm Inc by 73.71%. The purchase prices were between $52.66 and $66.88, with an estimated average price of $58.02. The stock is now traded at around $54.49. The impact to the portfolio due to this purchase was 0.25%. The holdings were 3,152,908 shares as of 2017-03-31.

Pictet Asset Management Ltd added to the holdings in Kinder Morgan Inc by 315.23%. The purchase prices were between $20.94 and $22.94, with an estimated average price of $21.85. The stock is now traded at around $20.28. The impact to the portfolio due to this purchase was 0.23%. The holdings were 4,295,682 shares as of 2017-03-31.

Pictet Asset Management Ltd added to the holdings in Global Payments Inc by 240.04%. The purchase prices were between $70.5 and $80.89, with an estimated average price of $78.41. The stock is now traded at around $81.10. The impact to the portfolio due to this purchase was 0.2%. The holdings were 1,106,252 shares as of 2017-03-31.

Pictet Asset Management Ltd added to the holdings in SPDR Select Sector Fund - Financial by 1147.24%. The purchase prices were between $22.95 and $25.24, with an estimated average price of $23.95. The stock is now traded at around $23.84. The impact to the portfolio due to this purchase was 0.19%. The holdings were 2,692,909 shares as of 2017-03-31.

Pictet Asset Management Ltd added to the holdings in iShares MSCI Emerging Index Fund by 102.53%. The purchase prices were between $35.01 and $39.99, with an estimated average price of $37.94. The stock is now traded at around $40.31. The impact to the portfolio due to this purchase was 0.19%. The holdings were 2,963,000 shares as of 2017-03-31.

Pictet Asset Management Ltd sold out the holdings in Spectra Energy Corp. The sale prices were between $40.68 and $43.45, with an estimated average price of $41.93.

Pictet Asset Management Ltd sold out the holdings in Mentor Graphics Corp. The sale prices were between $36.86 and $37.26, with an estimated average price of $37.02.

Pictet Asset Management Ltd sold out the holdings in Generac Holdings Inc. The sale prices were between $36.79 and $42.64, with an estimated average price of $39.51.

Pictet Asset Management Ltd sold out the holdings in ARIAD Pharmaceuticals Inc. The sale prices were between $12.37 and $23.99, with an estimated average price of $22.4.

Pictet Asset Management Ltd sold out the holdings in Umpqua Holdings Corp. The sale prices were between $17.12 and $19.35, with an estimated average price of $18.38.

Pictet Asset Management Ltd sold out the holdings in Dolby Laboratories Inc. The sale prices were between $46.06 and $52.41, with an estimated average price of $49.49.