Hayek Kallen Investment Management Buys Alibaba Group Holding, HSBC Holdings PLC, Wells Fargo, Sells Abbott Laboratories, Acuity Brands Inc

• New Purchases: BABA, HSBCPA.PFD,
• Added Positions: SBUX, WFC, D, JPM, MRK, TAP, TMK, BBVA, CVX, CSCO,
• Reduced Positions: ABT, BRK.B, AAPL, ABBV, MSFT, TMO, INTC, NVS, WMT, PEP,
• Sold Out: AYI,

For the details of Hayek Kallen Investment Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Hayek+Kallen+Investment+Management

1. Microsoft Corp (MSFT) - 91,371 shares, 5.78% of the total portfolio. Shares reduced by 2.84%
2. Berkshire Hathaway Inc (BRK.B) - 40,461 shares, 5.6% of the total portfolio. Shares reduced by 3.22%
3. Apple Inc (AAPL) - 44,611 shares, 5.19% of the total portfolio. Shares reduced by 3.26%
4. Intel Corp (INTC) - 126,261 shares, 4.56% of the total portfolio. Shares reduced by 3.2%
5. Verizon Communications Inc (VZ) - 107,580 shares, 3.57% of the total portfolio. Shares reduced by 1.81%

Hayek Kallen Investment Management initiated holding in HSBC Holdings PLC. The purchase prices were between $25.62 and $26.19, with an estimated average price of $25.87. The stock is now traded at around $25.81. The impact to a portfolio due to this purchase was 0.14%. The holding were 8,000 shares as of 2018-03-31.

Hayek Kallen Investment Management initiated holding in Alibaba Group Holding Ltd. The purchase prices were between $173.7 and $205.22, with an estimated average price of $188.29. The stock is now traded at around $195.96. The impact to a portfolio due to this purchase was 0.14%. The holding were 1,100 shares as of 2018-03-31.

Hayek Kallen Investment Management added to a holding in Wells Fargo & Co by 20.69%. The purchase prices were between $50.98 and $65.93, with an estimated average price of $59.4. The stock is now traded at around $54.65. The impact to a portfolio due to this purchase was 0.09%. The holding were 14,306 shares as of 2018-03-31.

Hayek Kallen Investment Management added to a holding in JPMorgan Chase & Co by 31.16%. The purchase prices were between $107.01 and $118.77, with an estimated average price of $113.23. The stock is now traded at around $114.29. The impact to a portfolio due to this purchase was 0.08%. The holding were 4,155 shares as of 2018-03-31.

Hayek Kallen Investment Management added to a holding in Banco Bilbao Vizcaya Argentaria SA by 39.37%. The purchase prices were between $7.65 and $9.54, with an estimated average price of $8.61. The stock is now traded at around $8.15. The impact to a portfolio due to this purchase was 0.04%. The holding were 23,408 shares as of 2018-03-31.

Hayek Kallen Investment Management sold out a holding in Acuity Brands Inc. The sale prices were between $132.4 and $185.73, with an estimated average price of $153.84.