Watermark Asset Management, Inc. Buys iShares Edge MSCI USA Momentum Factor, iShares Core MSCI EAFE, iShares Core Aggressive Allocation, Sells Xtrackers MSCI EAFE Hedged Equity, SPDR S&P 500, Invesco QQQ Trust Series 1

• New Purchases: IEFA, JJC, PVTL, SBR, SHY, SJT, SXCP, TLT, VBR, PBA,
• Added Positions: MTUM, SCHZ, SCHB, SCHA, CIU, TIP, AOA, SPDW, EMB, CWI,
• Reduced Positions: DBEF, SPY, VWO, VTI, SCHX, IVV, IJH, AGG, VEU, IJR,
• Sold Out: QQQ, IAU, VHT, UTX, THG, AMT, GDX, CLX, XLV, ISL,

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

1. iShares Core S&P 500 (IVV) - 166,152 shares, 20.05% of the total portfolio. Shares reduced by 1.29%
2. iShares Core U.S. Aggregate Bond (AGG) - 329,706 shares, 15.49% of the total portfolio. Shares reduced by 1.34%
3. Vanguard FTSE Developed Markets (VEA) - 477,508 shares, 9.05% of the total portfolio. Shares added by 0.12%
4. iShares Core S&P Mid-Cap (IJH) - 76,417 shares, 6.58% of the total portfolio. Shares reduced by 3.66%
5. Schwab U.S. Broad Market (SCHB) - 193,293 shares, 5.64% of the total portfolio. Shares added by 1.13%

Watermark Asset Management, Inc. initiated holding in iShares Core MSCI EAFE. The purchase prices were between $62.74 and $67.79, with an estimated average price of $66.19. The stock is now traded at around $64.36. The impact to a portfolio due to this purchase was 0.18%. The holding were 6,277 shares as of 2018-06-30.

Watermark Asset Management, Inc. initiated holding in . The purchase prices were between $34.05 and $35.45, with an estimated average price of $34.61. The stock is now traded at around $34.56. The impact to a portfolio due to this purchase was 0.02%. The holding were 1,640 shares as of 2018-06-30.

Watermark Asset Management, Inc. initiated holding in CatchMark Timber Trust Inc. The purchase prices were between $12.26 and $13.23, with an estimated average price of $12.87. The stock is now traded at around $12.78. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 24 shares as of 2018-06-30.

Watermark Asset Management, Inc. initiated holding in iShares 3-7 Year Treasury Bond ETF. The purchase prices were between $118.68 and $120.57, with an estimated average price of $119.62. The stock is now traded at around $119.78. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 27 shares as of 2018-06-30.

Watermark Asset Management, Inc. initiated holding in Pivotal Software Inc. The purchase prices were between $15.73 and $28.91, with an estimated average price of $20.66. The stock is now traded at around $24.56. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 200 shares as of 2018-06-30.

Watermark Asset Management, Inc. initiated holding in SunCoke Energy Partners LP. The purchase prices were between $14.75 and $18.45, with an estimated average price of $16.23. The stock is now traded at around $15.35. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 21 shares as of 2018-06-30.

Watermark Asset Management, Inc. added to a holding in iShares Edge MSCI USA Momentum Factor by 167.14%. The purchase prices were between $102.58 and $114.35, with an estimated average price of $109.49. The stock is now traded at around $112.31. The impact to a portfolio due to this purchase was 0.29%. The holding were 9,470 shares as of 2018-06-30.

Watermark Asset Management, Inc. added to a holding in iShares Core Aggressive Allocation by 26.48%. The purchase prices were between $52.7 and $54.7, with an estimated average price of $53.84. The stock is now traded at around $53.81. The impact to a portfolio due to this purchase was 0.04%. The holding were 8,073 shares as of 2018-06-30.

Watermark Asset Management, Inc. added to a holding in Heritage Commerce Corp by 49.49%. The purchase prices were between $16.21 and $18.05, with an estimated average price of $16.97. The stock is now traded at around $17.41. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 293 shares as of 2018-06-30.

Watermark Asset Management, Inc. added to a holding in Tesla Inc by 1600.00%. The purchase prices were between $252.48 and $370.83, with an estimated average price of $305.16. The stock is now traded at around $318.51. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 17 shares as of 2018-06-30.

Watermark Asset Management, Inc. added to a holding in AT&T Inc by 23.08%. The purchase prices were between $31.4 and $36.14, with an estimated average price of $33.25. The stock is now traded at around $32.16. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 1,237 shares as of 2018-06-30.

Watermark Asset Management, Inc. sold out a holding in Invesco QQQ Trust Series 1. The sale prices were between $155.51 and $177.6, with an estimated average price of $167.7.

Watermark Asset Management, Inc. sold out a holding in ishares Gold Trust. The sale prices were between $11.97 and $12.97, with an estimated average price of $12.54.

Watermark Asset Management, Inc. sold out a holding in American Tower Corp. The sale prices were between $135.1 and $144.26, with an estimated average price of $138.95.

Watermark Asset Management, Inc. sold out a holding in VanEck Vectors Gold Miners. The sale prices were between $21.81 and $23.06, with an estimated average price of $22.4.

Watermark Asset Management, Inc. sold out a holding in Vanguard Health Care. The sale prices were between $149.72 and $163.96, with an estimated average price of $157.41.

Watermark Asset Management, Inc. sold out a holding in SPDR Select Sector Fund - Health Care. The sale prices were between $79.55 and $85.61, with an estimated average price of $82.88.