Polaris Global Value Fund Buys Publicis Groupe SA, Shinhan Financial Group Co, Inchcape PLC, Sells Asahi Group Holdings, Symrise AG, Pinnacle Financial Partners Inc

• New Purchases: PUB, 055550, INCH,
• Added Positions: STAN,
• Reduced Positions: MX, UNH, JPM, ANTM, CINE, MSFT, MPC, BWY, TW., NXT,
• Sold Out: 2502, SY1, PNFP, 2121, SBRCY,

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

1. Teva Pharmaceutical Industries Ltd (TEVA) - 414,400 shares, 2.09% of the total portfolio.
2. Next PLC (NXT) - 104,428 shares, 1.73% of the total portfolio. Shares reduced by 14.77%
3. International Bancshares Corp (IBOC) - 184,163 shares, 1.64% of the total portfolio.
4. Babcock International Group PLC (BAB) - 727,000 shares, 1.63% of the total portfolio. Shares reduced by 11.25%
5. BHP Billiton PLC (BBL) - 173,200 shares, 1.62% of the total portfolio. Shares reduced by 6.18%

Polaris Global Value Fund initiated holding in Publicis Groupe SA. The purchase prices were between $55.14 and $62.82, with an estimated average price of $59.37. The stock is now traded at around $55.30. The impact to a portfolio due to this purchase was 1.43%. The holding were 100,300 shares as of 2018-06-30.

Polaris Global Value Fund initiated holding in Shinhan Financial Group Co Ltd. The purchase prices were between $43000 and $48400, with an estimated average price of $45999.2. The stock is now traded at around $43600.00. The impact to a portfolio due to this purchase was 1%. The holding were 124,200 shares as of 2018-06-30.

Polaris Global Value Fund initiated holding in Inchcape PLC. The purchase prices were between $6.91 and $7.81, with an estimated average price of $7.37. The stock is now traded at around $6.88. The impact to a portfolio due to this purchase was 0.78%. The holding were 363,777 shares as of 2018-06-30.

Polaris Global Value Fund sold out a holding in Asahi Group Holdings Ltd. The sale prices were between $50.73 and $54, with an estimated average price of $51.8.

Polaris Global Value Fund sold out a holding in Symrise AG. The sale prices were between $78.45 and $86.2, with an estimated average price of $80.33.

Polaris Global Value Fund sold out a holding in Pinnacle Financial Partners Inc. The sale prices were between $61.35 and $68.1, with an estimated average price of $64.93.

Polaris Global Value Fund sold out a holding in mixi Inc. The sale prices were between $25.75 and $37.68, with an estimated average price of $33.38.

Polaris Global Value Fund sold out a holding in Sberbank of Russia PJSC. The sale prices were between $13.13 and $19.26, with an estimated average price of $14.79.

Polaris Global Value Fund reduced to a holding in Methanex Corp by 26.28%. The sale prices were between $76.89 and $92.96, with an estimated average price of $86.52. The stock is now traded at around $95.43. The impact to a portfolio due to this sale was -0.42%. Polaris Global Value Fund still held 100,137 shares as of 2018-06-30.

Polaris Global Value Fund reduced to a holding in UnitedHealth Group Inc by 24.07%. The sale prices were between $217.2 and $255.98, with an estimated average price of $240.1. The stock is now traded at around $268.78. The impact to a portfolio due to this sale was -0.37%. Polaris Global Value Fund still held 28,068 shares as of 2018-06-30.

Polaris Global Value Fund reduced to a holding in JPMorgan Chase & Co by 20.64%. The sale prices were between $103.24 and $114.29, with an estimated average price of $109.74. The stock is now traded at around $114.58. The impact to a portfolio due to this sale was -0.33%. Polaris Global Value Fund still held 59,200 shares as of 2018-06-30.

Polaris Global Value Fund reduced to a holding in Anthem Inc by 20.22%. The sale prices were between $220.13 and $245.16, with an estimated average price of $231.73. The stock is now traded at around $264.71. The impact to a portfolio due to this sale was -0.32%. Polaris Global Value Fund still held 29,200 shares as of 2018-06-30.

Polaris Global Value Fund reduced to a holding in WorleyParsons Ltd by 24.36%. The sale prices were between $13.91 and $17.84, with an estimated average price of $16.25. The stock is now traded at around $20.54. The impact to a portfolio due to this sale was -0.18%. Polaris Global Value Fund still held 262,140 shares as of 2018-06-30.