Elkhorn Investments, LLC Buys The Hershey Co, Fortive Corp, American Express Co, Sells Johnson & Johnson, Cisco Systems Inc, International Business Machines Corp

• New Purchases: HSY, FTV, AXP, ABT, AWK, ACN, BAX, AME, ARE, VRSN,
• Added Positions: HON, KO, PPL, PG, XOM, LMT, PEP, ECL, L, PNW,
• Sold Out: JNJ, CSCO, IBM, EL, DWDP, GOOG, MKC, GE, INFO, PCG,

For the details of Elkhorn Investments, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Elkhorn+Investments%2C+LLC

1. Honeywell International Inc (HON) - 16,826 shares, 1.35% of the total portfolio. Shares added by 63.47%
2. Coca-Cola Co (KO) - 55,504 shares, 1.32% of the total portfolio. Shares added by 50.09%
3. PepsiCo Inc (PEP) - 21,089 shares, 1.3% of the total portfolio. Shares added by 45.48%
4. Berkshire Hathaway Inc (BRK.B) - 12,271 shares, 1.27% of the total portfolio. Shares added by 35.35%
5. Republic Services Inc (RSG) - 36,493 shares, 1.27% of the total portfolio. Shares added by 38.54%

Elkhorn Investments, LLC initiated holding in The Hershey Co. The purchase prices were between $102.87 and $115.45, with an estimated average price of $110.01. The stock is now traded at around $100.07. The impact to a portfolio due to this purchase was 1.09%. The holding were 18,554 shares as of 2017-12-31.

Elkhorn Investments, LLC initiated holding in Fortive Corp. The purchase prices were between $71.1 and $74.58, with an estimated average price of $72.58. The stock is now traded at around $77.78. The impact to a portfolio due to this purchase was 1.04%. The holding were 27,388 shares as of 2017-12-31.

Elkhorn Investments, LLC initiated holding in American Express Co. The purchase prices were between $90.54 and $99.7, with an estimated average price of $95.2. The stock is now traded at around $94.84. The impact to a portfolio due to this purchase was 1.03%. The holding were 19,961 shares as of 2017-12-31.

Elkhorn Investments, LLC initiated holding in Abbott Laboratories. The purchase prices were between $53.68 and $57.47, with an estimated average price of $55.4. The stock is now traded at around $62.26. The impact to a portfolio due to this purchase was 0.97%. The holding were 31,650 shares as of 2017-12-31.

Elkhorn Investments, LLC initiated holding in American Water Works Co Inc. The purchase prices were between $81.75 and $92.25, with an estimated average price of $88.32. The stock is now traded at around $81.52. The impact to a portfolio due to this purchase was 0.96%. The holding were 20,540 shares as of 2017-12-31.

Elkhorn Investments, LLC initiated holding in Accenture PLC. The purchase prices were between $134.25 and $154.2, with an estimated average price of $144.87. The stock is now traded at around $160.62. The impact to a portfolio due to this purchase was 0.96%. The holding were 11,980 shares as of 2017-12-31.

Elkhorn Investments, LLC added to a holding in Honeywell International Inc by 63.47%. The purchase prices were between $142.55 and $155.8, with an estimated average price of $148.36. The stock is now traded at around $150.20. The impact to a portfolio due to this purchase was 0.52%. The holding were 16,826 shares as of 2017-12-31.

Elkhorn Investments, LLC added to a holding in Coca-Cola Co by 50.09%. The purchase prices were between $44.8 and $47.43, with an estimated average price of $45.97. The stock is now traded at around $43.26. The impact to a portfolio due to this purchase was 0.44%. The holding were 55,504 shares as of 2017-12-31.

Elkhorn Investments, LLC added to a holding in Procter & Gamble Co by 55.60%. The purchase prices were between $86.05 and $93.14, with an estimated average price of $89.93. The stock is now traded at around $78.66. The impact to a portfolio due to this purchase was 0.43%. The holding were 25,152 shares as of 2017-12-31.

Elkhorn Investments, LLC added to a holding in PPL Corp by 77.12%. The purchase prices were between $30.76 and $38.37, with an estimated average price of $35.91. The stock is now traded at around $27.41. The impact to a portfolio due to this purchase was 0.43%. The holding were 61,332 shares as of 2017-12-31.

Elkhorn Investments, LLC added to a holding in Exxon Mobil Corp by 58.78%. The purchase prices were between $80.24 and $84.02, with an estimated average price of $82.7. The stock is now traded at around $74.15. The impact to a portfolio due to this purchase was 0.42%. The holding were 25,644 shares as of 2017-12-31.

Elkhorn Investments, LLC added to a holding in Lockheed Martin Corp by 62.49%. The purchase prices were between $306.6 and $322.82, with an estimated average price of $315.2. The stock is now traded at around $335.25. The impact to a portfolio due to this purchase was 0.41%. The holding were 6,329 shares as of 2017-12-31.

Elkhorn Investments, LLC sold out a holding in Johnson & Johnson. The sale prices were between $131.22 and $143.62, with an estimated average price of $139.29.

Elkhorn Investments, LLC sold out a holding in Cisco Systems Inc. The sale prices were between $33.26 and $38.74, with an estimated average price of $35.7.

Elkhorn Investments, LLC sold out a holding in International Business Machines Corp. The sale prices were between $146.48 and $162.07, with an estimated average price of $152.07.

Elkhorn Investments, LLC sold out a holding in DowDuPont Inc. The sale prices were between $68.57 and $73.32, with an estimated average price of $71.11.

Elkhorn Investments, LLC sold out a holding in The Estee Lauder Companies Inc. The sale prices were between $108.2 and $129.62, with an estimated average price of $120.06.

Elkhorn Investments, LLC sold out a holding in Alphabet Inc. The sale prices were between $951.68 and $1077.14, with an estimated average price of $1017.86.