American Research & Management Co. Buys Fiserv Inc, Hormel Foods Corp, Vanguard Short-Term Bond, Sells Procter & Gamble Co, Goldman Sachs Group Inc, Vornado Realty Trust

• New Purchases: HRL, CVGW, MINT, FLRN, WYNN, SAN, SWX, NTR, VIA, NAV,
• Added Positions: FISV, BSV, DKT.PFD, AMZN, SNVPC.PFD, XOM, TCBIP.PFD, STTPE.PFD, BPFHP.PFD, HP,
• Reduced Positions: GSPB.PFD, SPY, IBM, DOV, JNJ, MRK, SFE, GE, NVDA, WAT,
• Sold Out: PG, VNOPGCL.PFD, STIPECL.PFD, BIVV, TCFPCCL.PFD, BBN, DTK.PFD, CSJ, BLK, ICE,

For the details of American Research & Management Co.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=American+Research+%26+Management+Co.

1. International Business Machines Corp (IBM) - 156,747 shares, 8.05% of the total portfolio. Shares reduced by 1.73%
2. Makepeace AD Co (MAKE) - 2,609 shares, 4.54% of the total portfolio.
3. Analog Devices Inc (ADI) - 125,570 shares, 3.83% of the total portfolio. Shares reduced by 1.31%
4. Johnson & Johnson (JNJ) - 76,826 shares, 3.29% of the total portfolio. Shares reduced by 2.63%
5. Fiserv Inc (FISV) - 133,820 shares, 3.19% of the total portfolio. Shares added by 91.08%

American Research & Management Co. initiated holding in Hormel Foods Corp. The purchase prices were between $32.21 and $36.45, with an estimated average price of $33.9. The stock is now traded at around $35.40. The impact to a portfolio due to this purchase was 0.16%. The holding were 13,980 shares as of 2018-03-31.

American Research & Management Co. initiated holding in Calavo Growers Inc. The purchase prices were between $82.75 and $94, with an estimated average price of $87.53. The stock is now traded at around $97.55. The impact to a portfolio due to this purchase was 0.1%. The holding were 3,140 shares as of 2018-03-31.

American Research & Management Co. initiated holding in PIMCO Enhanced Short Maturity Active Exchange-Trad. The purchase prices were between $101.45 and $101.71, with an estimated average price of $101.57. The stock is now traded at around $101.52. The impact to a portfolio due to this purchase was 0.1%. The holding were 2,800 shares as of 2018-03-31.

American Research & Management Co. initiated holding in SPDR Bloomberg Barclays Investment Grade Floating . The purchase prices were between $30.66 and $30.79, with an estimated average price of $30.73. The stock is now traded at around $30.75. The impact to a portfolio due to this purchase was 0.08%. The holding were 7,900 shares as of 2018-03-31.

American Research & Management Co. initiated holding in Wynn Resorts Ltd. The purchase prices were between $162 and $200.6, with an estimated average price of $172.85. The stock is now traded at around $191.65. The impact to a portfolio due to this purchase was 0.02%. The holding were 400 shares as of 2018-03-31.

American Research & Management Co. initiated holding in SPDR Select Sector Fund - Energy Select Sector. The purchase prices were between $66.02 and $78.03, with an estimated average price of $70.79. The stock is now traded at around $73.65. The impact to a portfolio due to this purchase was 0.01%. The holding were 500 shares as of 2018-03-31.

American Research & Management Co. added to a holding in Fiserv Inc by 91.08%. The purchase prices were between $64.59 and $74.22, with an estimated average price of $70.24. The stock is now traded at around $71.74. The impact to a portfolio due to this purchase was 1.52%. The holding were 133,820 shares as of 2018-03-31.

American Research & Management Co. added to a holding in Vanguard Short-Term Bond by 61.12%. The purchase prices were between $78.21 and $79.06, with an estimated average price of $78.57. The stock is now traded at around $78.13. The impact to a portfolio due to this purchase was 0.13%. The holding were 12,390 shares as of 2018-03-31.

American Research & Management Co. added to a holding in Deutsche Bank Conting Cp-8 05 PC Tr Pfd Secs 08-Wi by 50.61%. The purchase prices were between $25.5 and $26.18, with an estimated average price of $25.93. The stock is now traded at around $25.47. The impact to a portfolio due to this purchase was 0.11%. The holding were 36,900 shares as of 2018-03-31.

American Research & Management Co. added to a holding in Amazon.com Inc by 129.14%. The purchase prices were between $1189.01 and $1598.39, with an estimated average price of $1430.19. The stock is now traded at around $1556.91. The impact to a portfolio due to this purchase was 0.1%. The holding were 346 shares as of 2018-03-31.

American Research & Management Co. added to a holding in Synovus Financial Corp by 43.36%. The purchase prices were between $25.73 and $26.33, with an estimated average price of $25.98. The stock is now traded at around $25.61. The impact to a portfolio due to this purchase was 0.08%. The holding were 32,400 shares as of 2018-03-31.

American Research & Management Co. added to a holding in Texas Capital Bancshares Inc by 102.34%. The purchase prices were between $25.15 and $25.59, with an estimated average price of $25.41. The stock is now traded at around $25.41. The impact to a portfolio due to this purchase was 0.07%. The holding were 16,001 shares as of 2018-03-31.

American Research & Management Co. sold out a holding in Procter & Gamble Co. The sale prices were between $75.91 and $91.89, with an estimated average price of $83.37.

American Research & Management Co. sold out a holding in Vornado Realty Trust. The sale prices were between $25 and $25.01, with an estimated average price of $25.01.

American Research & Management Co. sold out a holding in SunTrust Banks Inc. The sale prices were between $24.87 and $25.34, with an estimated average price of $25.15.

American Research & Management Co. sold out a holding in Bioverativ Inc. The sale prices were between $54.95 and $104.98, with an estimated average price of $91.34.

American Research & Management Co. sold out a holding in TCF Financial Corp. The sale prices were between $24.97 and $25.69, with an estimated average price of $25.31.

American Research & Management Co. sold out a holding in BlackRock Advisors LLC. The sale prices were between $21.55 and $23.39, with an estimated average price of $22.26.

American Research & Management Co. reduced to a holding in Goldman Sachs Group Inc by 81.68%. The sale prices were between $25.22 and $26.3, with an estimated average price of $25.83. The stock is now traded at around $26.65. The impact to a portfolio due to this sale was -1.2%. American Research & Management Co. still held 33,178 shares as of 2018-03-31.

American Research & Management Co. reduced to a holding in SPDR S&P 500 by 49.18%. The sale prices were between $257.63 and $286.58, with an estimated average price of $272.85. The stock is now traded at around $268.30. The impact to a portfolio due to this sale was -0.15%. American Research & Management Co. still held 1,864 shares as of 2018-03-31.

American Research & Management Co. reduced to a holding in iShares Russell Mid-Cap by 50.03%. The sale prices were between $198.69 and $219.99, with an estimated average price of $210.77. The stock is now traded at around $209.23. The impact to a portfolio due to this sale was -0.05%. American Research & Management Co. still held 715 shares as of 2018-03-31.

American Research & Management Co. reduced to a holding in Intel Corp by 45.94%. The sale prices were between $42.5 and $52.48, with an estimated average price of $47.52. The stock is now traded at around $52.10. The impact to a portfolio due to this sale was -0.04%. American Research & Management Co. still held 3,339 shares as of 2018-03-31.

American Research & Management Co. reduced to a holding in Southern Co by 50.43%. The sale prices were between $42.92 and $47.2, with an estimated average price of $44.39. The stock is now traded at around $45.60. The impact to a portfolio due to this sale was -0.03%. American Research & Management Co. still held 1,671 shares as of 2018-03-31.

American Research & Management Co. reduced to a holding in The Kraft Heinz Co by 32.52%. The sale prices were between $60.03 and $80.27, with an estimated average price of $71.61. The stock is now traded at around $59.73. The impact to a portfolio due to this sale was -0.03%. American Research & Management Co. still held 2,127 shares as of 2018-03-31.