Spence Asset Management Buys Roku Inc, Schwab U.S. Mid Cap, Schwab U.S. Small-Cap, Sells Schwab US Dividend Equity, Expedia Group Inc, Intuitive Surgical Inc

• New Purchases: ROKU, SCHG, SCHC, SCHF, SCHE, FB,
• Added Positions: SCHM, SCHA, MA, CFR, GOOG, MSFT, GPN, IT, RHT, TREE,
• Reduced Positions: SCHD, ISRG, IDXX, JPS, PIN,
• Sold Out: EXPE,

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

1. Visa Inc (V) - 104,922 shares, 10.56% of the total portfolio. Shares reduced by 0.96%
2. Mastercard Inc (MA) - 61,131 shares, 9.13% of the total portfolio. Shares added by 2.90%
3. IDEXX Laboratories Inc (IDXX) - 53,105 shares, 8.79% of the total portfolio. Shares reduced by 2.91%
4. Tyler Technologies Inc (TYL) - 46,192 shares, 7.79% of the total portfolio. Shares added by 0.46%
5. Alphabet Inc (GOOG) - 9,070 shares, 7.69% of the total portfolio. Shares added by 2.44%

Spence Asset Management initiated holding in Roku Inc. The purchase prices were between $30.29 and $46.75, with an estimated average price of $36.46. The stock is now traded at around $46.70. The impact to a portfolio due to this purchase was 5.2%. The holding were 160,505 shares as of 2018-06-30.

Spence Asset Management initiated holding in Schwab U.S. Large-Cap Growth. The purchase prices were between $69.99 and $78.03, with an estimated average price of $74.49. The stock is now traded at around $77.12. The impact to a portfolio due to this purchase was 0.2%. The holding were 3,481 shares as of 2018-06-30.

Spence Asset Management initiated holding in Schwab International Equity. The purchase prices were between $32.76 and $34.74, with an estimated average price of $33.98. The stock is now traded at around $33.28. The impact to a portfolio due to this purchase was 0.06%. The holding were 2,377 shares as of 2018-06-30.

Spence Asset Management initiated holding in Schwab International Small-Cap Equity. The purchase prices were between $35.74 and $37.69, with an estimated average price of $36.95. The stock is now traded at around $35.97. The impact to a portfolio due to this purchase was 0.06%. The holding were 2,233 shares as of 2018-06-30.

Spence Asset Management initiated holding in Schwab Emerging Markets Equity. The purchase prices were between $25.2 and $28.69, with an estimated average price of $27.49. The stock is now traded at around $25.97. The impact to a portfolio due to this purchase was 0.03%. The holding were 1,260 shares as of 2018-06-30.

Spence Asset Management initiated holding in Facebook Inc. The purchase prices were between $155.1 and $202, with an estimated average price of $180.53. The stock is now traded at around $203.23. The impact to a portfolio due to this purchase was 0.01%. The holding were 100 shares as of 2018-06-30.

Spence Asset Management added to a holding in Schwab U.S. Mid Cap by 16163.02%. The purchase prices were between $51.61 and $56.52, with an estimated average price of $54.27. The stock is now traded at around $55.90. The impact to a portfolio due to this purchase was 2.1%. The holding were 50,578 shares as of 2018-06-30.

Spence Asset Management added to a holding in Schwab U.S. Small-Cap by 13058.04%. The purchase prices were between $67.51 and $76.4, with an estimated average price of $72.38. The stock is now traded at around $75.60. The impact to a portfolio due to this purchase was 2.08%. The holding were 37,632 shares as of 2018-06-30.

Spence Asset Management added to a holding in iShares MSCI ACWI ex US Index Fund by 67.94%. The purchase prices were between $46.54 and $50.79, with an estimated average price of $49.54. The stock is now traded at around $47.58. The impact to a portfolio due to this purchase was 0.04%. The holding were 2,509 shares as of 2018-06-30.

Spence Asset Management added to a holding in Vanguard S&P 500 by 61.86%. The purchase prices were between $236.48 and $256.33, with an estimated average price of $248.26. The stock is now traded at around $253.01. The impact to a portfolio due to this purchase was 0.04%. The holding were 505 shares as of 2018-06-30.

Spence Asset Management sold out a holding in Expedia Group Inc. The sale prices were between $106.35 and $125.26, with an estimated average price of $115.39.