Davy Asset Management Ltd Buys Alphabet Inc, iShares MSCI ACWI Index Fund, Accenture PLC, Sells Microsoft Corp, Alphabet Inc, JPMorgan Chase

• New Purchases: ACWI, ACN, IXJ, FNV, PRLB, IFF, ST, IQV,
• Added Positions: GOOGL, CL, MDT, BABA, MKL, BF.B, BRK.B, WPM, AAPL, PNFP,
• Reduced Positions: MSFT, GOOG, JPM, JNJ, PFE, CVX, XOM, PEG, MRK, UPS,
• Sold Out: K,

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

1. Microsoft Corp (MSFT) - 188,495 shares, 6.15% of the total portfolio. Shares reduced by 27.64%
2. JPMorgan Chase & Co (JPM) - 137,337 shares, 4.42% of the total portfolio. Shares reduced by 23.95%
3. Merck & Co Inc (MRK) - 157,053 shares, 3.18% of the total portfolio. Shares reduced by 21.31%
4. Alphabet Inc (GOOGL) - 8,272 shares, 2.85% of the total portfolio. Shares added by 273.29%
5. Johnson & Johnson (JNJ) - 70,378 shares, 2.78% of the total portfolio. Shares reduced by 31%

Davy Asset Management Ltd initiated holding in iShares MSCI ACWI Index Fund. The purchase prices were between $70.85 and $74.69, with an estimated average price of $73.11. The stock is now traded at around $68.74. The impact to a portfolio due to this purchase was 0.96%. The holding were 47,000 shares as of 2018-09-30.

Davy Asset Management Ltd initiated holding in Accenture PLC. The purchase prices were between $159.33 and $174.19, with an estimated average price of $166.46. The stock is now traded at around $160.29. The impact to a portfolio due to this purchase was 0.92%. The holding were 19,604 shares as of 2018-09-30.

Davy Asset Management Ltd initiated holding in iShares Global Healthcare. The purchase prices were between $56.43 and $63.01, with an estimated average price of $60.37. The stock is now traded at around $59.89. The impact to a portfolio due to this purchase was 0.56%. The holding were 32,420 shares as of 2018-09-30.

Davy Asset Management Ltd initiated holding in Franco-Nevada Corp. The purchase prices were between $58.87 and $75.01, with an estimated average price of $68.41. The stock is now traded at around $65.07. The impact to a portfolio due to this purchase was 0.43%. The holding were 25,050 shares as of 2018-09-30.

Davy Asset Management Ltd initiated holding in Proto Labs Inc. The purchase prices were between $119.15 and $165, with an estimated average price of $141.35. The stock is now traded at around $122.77. The impact to a portfolio due to this purchase was 0.42%. The holding were 8,989 shares as of 2018-09-30.

Davy Asset Management Ltd initiated holding in International Flavors & Fragrances Inc. The purchase prices were between $122.95 and $140.46, with an estimated average price of $131.37. The stock is now traded at around $141.43. The impact to a portfolio due to this purchase was 0.39%. The holding were 9,902 shares as of 2018-09-30.

Davy Asset Management Ltd added to a holding in Alphabet Inc by 273.29%. The purchase prices were between $1116.28 and $1285.5, with an estimated average price of $1209.62. The stock is now traded at around $1054.58. The impact to a portfolio due to this purchase was 2.09%. The holding were 8,272 shares as of 2018-09-30.

Davy Asset Management Ltd added to a holding in Colgate-Palmolive Co by 43.57%. The purchase prices were between $64.58 and $69.09, with an estimated average price of $66.61. The stock is now traded at around $62.47. The impact to a portfolio due to this purchase was 0.3%. The holding were 51,218 shares as of 2018-09-30.

Davy Asset Management Ltd added to a holding in Alibaba Group Holding Ltd by 53.38%. The purchase prices were between $156.36 and $197.98, with an estimated average price of $176.96. The stock is now traded at around $150.44. The impact to a portfolio due to this purchase was 0.13%. The holding were 7,652 shares as of 2018-09-30.

Davy Asset Management Ltd added to a holding in Wheaton Precious Metals Corp by 31.51%. The purchase prices were between $15.38 and $22.68, with an estimated average price of $19.18. The stock is now traded at around $15.99. The impact to a portfolio due to this purchase was 0.11%. The holding were 95,160 shares as of 2018-09-30.

Davy Asset Management Ltd added to a holding in Brown-Forman Corp by 24.59%. The purchase prices were between $48.42 and $54.86, with an estimated average price of $51.95. The stock is now traded at around $47.18. The impact to a portfolio due to this purchase was 0.11%. The holding were 38,216 shares as of 2018-09-30.

Davy Asset Management Ltd added to a holding in F5 Networks Inc by 23.63%. The purchase prices were between $170.13 and $199.42, with an estimated average price of $182.98. The stock is now traded at around $175.84. The impact to a portfolio due to this purchase was 0.07%. The holding were 6,813 shares as of 2018-09-30.

Davy Asset Management Ltd sold out a holding in Kellogg Co. The sale prices were between $68.96 and $74.84, with an estimated average price of $71.74.