Narwhal Capital Management Buys NXP Semiconductors NV, AT&T Inc, CVS Health Corp, Sells Time Warner Inc, Orbital ATK Inc, Gramercy Property Trust

• New Purchases: NXPI, SPR, IJJ, IYH,
• Added Positions: T, GD, IVV, CVS, BABA, AAPL, D, NVS, KMI, TGT,
• Reduced Positions: PEGI, EPD, DVMT, BUD, AMGN, VCIT, GE, BX, PM, VZ,
• Sold Out: TWX, OA, GPT, BACPL.PFD, WPG, NVT,

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

1. Vulcan Materials Co (VMC) - 265,311 shares, 7.96% of the total portfolio.
2. Alphabet Inc (GOOG) - 14,561 shares, 3.78% of the total portfolio. Shares added by 0.08%
3. Apple Inc (AAPL) - 83,200 shares, 3.58% of the total portfolio. Shares added by 3.24%
4. Microsoft Corp (MSFT) - 121,380 shares, 2.78% of the total portfolio. Shares added by 0.41%
5. JPMorgan Chase & Co (JPM) - 97,734 shares, 2.37% of the total portfolio. Shares added by 0.51%

Narwhal Capital Management initiated holding in NXP Semiconductors NV. The purchase prices were between $92.36 and $120.17, with an estimated average price of $110.33. The stock is now traded at around $103.54. The impact to a portfolio due to this purchase was 0.44%. The holding were 17,350 shares as of 2018-06-30.

Narwhal Capital Management initiated holding in Spirit AeroSystems Holdings Inc. The purchase prices were between $78.68 and $89.49, with an estimated average price of $84.02. The stock is now traded at around $90.10. The impact to a portfolio due to this purchase was 0.06%. The holding were 3,030 shares as of 2018-06-30.

Narwhal Capital Management initiated holding in iShares S&P Mid-Cap 400 Value. The purchase prices were between $150.85 and $165.79, with an estimated average price of $159.99. The stock is now traded at around $166.01. The impact to a portfolio due to this purchase was 0.05%. The holding were 1,250 shares as of 2018-06-30.

Narwhal Capital Management initiated holding in iShares U.S. Healthcare. The purchase prices were between $168.2 and $183.1, with an estimated average price of $176.28. The stock is now traded at around $185.87. The impact to a portfolio due to this purchase was 0.05%. The holding were 1,150 shares as of 2018-06-30.

Narwhal Capital Management added to a holding in AT&T Inc by 83.50%. 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 $31.27. The impact to a portfolio due to this purchase was 0.43%. The holding were 126,141 shares as of 2018-06-30.

Narwhal Capital Management added to a holding in CVS Health Corp by 56.89%. The purchase prices were between $60.71 and $72.18, with an estimated average price of $65.94. The stock is now traded at around $66.14. The impact to a portfolio due to this purchase was 0.15%. The holding were 27,160 shares as of 2018-06-30.

Narwhal Capital Management added to a holding in Alibaba Group Holding Ltd by 53.39%. The purchase prices were between $167.52 and $210.86, with an estimated average price of $190.49. The stock is now traded at around $187.34. The impact to a portfolio due to this purchase was 0.14%. The holding were 9,352 shares as of 2018-06-30.

Narwhal Capital Management added to a holding in Target Corp by 41.03%. The purchase prices were between $68.98 and $79.07, with an estimated average price of $73.61. The stock is now traded at around $78.46. The impact to a portfolio due to this purchase was 0.09%. The holding were 16,860 shares as of 2018-06-30.

Narwhal Capital Management added to a holding in NVIDIA Corp by 87.27%. The purchase prices were between $214.25 and $266.91, with an estimated average price of $242.85. The stock is now traded at around $252.03. The impact to a portfolio due to this purchase was 0.07%. The holding were 2,691 shares as of 2018-06-30.

Narwhal Capital Management added to a holding in General Mills Inc by 42.50%. The purchase prices were between $41.21 and $46.06, with an estimated average price of $43.79. The stock is now traded at around $43.34. The impact to a portfolio due to this purchase was 0.04%. The holding were 11,400 shares as of 2018-06-30.

Narwhal Capital Management sold out a holding in Time Warner Inc. The sale prices were between $92.18 and $98.77, with an estimated average price of $95.01.

Narwhal Capital Management sold out a holding in Orbital ATK Inc. The sale prices were between $132.07 and $134.5, with an estimated average price of $133.17.

Narwhal Capital Management sold out a holding in Gramercy Property Trust. The sale prices were between $21.37 and $27.68, with an estimated average price of $25.58.

Narwhal Capital Management sold out a holding in Bank of America Corporation. The sale prices were between $1250 and $1284.77, with an estimated average price of $1268.89.

Narwhal Capital Management sold out a holding in Washington Prime Group Inc. The sale prices were between $5.92 and $8.28, with an estimated average price of $7.17.

Narwhal Capital Management sold out a holding in nVent Electric PLC. The sale prices were between $22.1 and $28.48, with an estimated average price of $25.54.

Narwhal Capital Management reduced to a holding in Pattern Energy Group Inc by 57.79%. The sale prices were between $17.08 and $19.47, with an estimated average price of $18.19. The stock is now traded at around $17.96. The impact to a portfolio due to this sale was -0.26%. Narwhal Capital Management still held 47,300 shares as of 2018-06-30.

Narwhal Capital Management reduced to a holding in Enterprise Products Partners LP by 32.95%. The sale prices were between $24.22 and $29.52, with an estimated average price of $27.32. The stock is now traded at around $29.06. The impact to a portfolio due to this sale was -0.25%. Narwhal Capital Management still held 88,530 shares as of 2018-06-30.

Narwhal Capital Management reduced to a holding in Dell-VMWare Tracking Stock by 38.85%. The sale prices were between $70.7 and $89.57, with an estimated average price of $78.71. The stock is now traded at around $94.74. The impact to a portfolio due to this sale was -0.24%. Narwhal Capital Management still held 22,481 shares as of 2018-06-30.

Narwhal Capital Management reduced to a holding in Anheuser-Busch InBev SA/NV by 26.28%. The sale prices were between $92.34 and $110.04, with an estimated average price of $99.28. The stock is now traded at around $103.52. The impact to a portfolio due to this sale was -0.22%. Narwhal Capital Management still held 23,765 shares as of 2018-06-30.

Narwhal Capital Management reduced to a holding in Amgen Inc by 49.42%. The sale prices were between $166.05 and $186.51, with an estimated average price of $176.84. The stock is now traded at around $191.76. The impact to a portfolio due to this sale was -0.15%. Narwhal Capital Management still held 3,950 shares as of 2018-06-30.

Narwhal Capital Management reduced to a holding in Vanguard Intermediate-Term Corporate Bond ETF by 26.37%. The sale prices were between $82.84 and $84.66, with an estimated average price of $83.64. The stock is now traded at around $83.94. The impact to a portfolio due to this sale was -0.14%. Narwhal Capital Management still held 19,971 shares as of 2018-06-30.