Douglass Winthrop Advisors, LLC Buys Mettler-Toledo International Inc, Illinois Tool Works Inc, First Republic Bank, Sells Amazon.com Inc, Roche Holding AG, Diageo PLC

• New Purchases: MTD, NFLX, QCOM, LLY, OGS, NVZMY, APD, ISRG, IJH, CSX,
• Added Positions: ITW, MLM, FRC, BRK.B, KMX, MKL, HEINY, PYPL, DISCK, UL,
• Reduced Positions: AAPL, AMZN, RHHBY, DEO, SJM, MRK, GOOGL, PG, NKE, TIF,
• Sold Out: MAS, PF, RACE, EME, TGT, M, FITB, CERN, BBT, MAR,

For the details of Douglass Winthrop Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Douglass+Winthrop+Advisors%2C+LLC

1. Berkshire Hathaway Inc (BRK.B) - 723,391 shares, 6.84% of the total portfolio. Shares added by 3.25%
2. Apple Inc (AAPL) - 438,707 shares, 4.37% of the total portfolio. Shares reduced by 13.09%
3. Mastercard Inc (MA) - 434,936 shares, 4.28% of the total portfolio. Shares reduced by 1.59%
4. Microsoft Corp (MSFT) - 697,590 shares, 3.52% of the total portfolio. Shares added by 0.34%
5. Markel Corp (MKL) - 65,951 shares, 3.46% of the total portfolio. Shares added by 3.72%

Douglass Winthrop Advisors, LLC initiated holding in Mettler-Toledo International Inc. The purchase prices were between $559.44 and $617.94, with an estimated average price of $588.39. The stock is now traded at around $555.66. The impact to a portfolio due to this purchase was 0.98%. The holding were 36,488 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC initiated holding in Netflix Inc. The purchase prices were between $316.78 and $418.97, with an estimated average price of $362.95. The stock is now traded at around $333.65. The impact to a portfolio due to this purchase was 0.03%. The holding were 1,600 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC initiated holding in Eli Lilly and Co. The purchase prices were between $85.86 and $107.31, with an estimated average price of $99.98. The stock is now traded at around $109.68. The impact to a portfolio due to this purchase was 0.02%. The holding were 3,475 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC initiated holding in Qualcomm Inc. The purchase prices were between $55.33 and $75.09, with an estimated average price of $65.81. The stock is now traded at around $63.69. The impact to a portfolio due to this purchase was 0.02%. The holding were 5,388 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC initiated holding in Novozymes A/S. The purchase prices were between $49.69 and $55.61, with an estimated average price of $53.09. The stock is now traded at around $49.33. The impact to a portfolio due to this purchase was 0.01%. The holding were 3,707 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC initiated holding in Yum Brands Inc. The purchase prices were between $77.74 and $90.91, with an estimated average price of $83.44. The stock is now traded at around $87.46. The impact to a portfolio due to this purchase was 0.01%. The holding were 2,210 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC added to a holding in Illinois Tool Works Inc by 48.69%. The purchase prices were between $135.14 and $148.44, with an estimated average price of $140.93. The stock is now traded at around $129.22. The impact to a portfolio due to this purchase was 0.46%. The holding were 226,200 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC added to a holding in First Republic Bank by 23.37%. The purchase prices were between $95.97 and $106.2, with an estimated average price of $100.65. The stock is now traded at around $90.26. The impact to a portfolio due to this purchase was 0.35%. The holding were 441,557 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC added to a holding in Allegion PLC by 69.63%. The purchase prices were between $76.86 and $90.91, with an estimated average price of $84.35. The stock is now traded at around $82.75. The impact to a portfolio due to this purchase was 0.05%. The holding were 28,905 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC added to a holding in Bristol-Myers Squibb Company by 20.63%. The purchase prices were between $55.19 and $62.25, with an estimated average price of $59.34. The stock is now traded at around $57.19. The impact to a portfolio due to this purchase was 0.02%. The holding were 37,465 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC added to a holding in ServiceNow Inc by 50.00%. The purchase prices were between $175.96 and $204.58, with an estimated average price of $189.12. The stock is now traded at around $181.63. The impact to a portfolio due to this purchase was 0.01%. The holding were 2,250 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC added to a holding in NVIDIA Corp by 37.80%. The purchase prices were between $236.84 and $283.7, with an estimated average price of $260.12. The stock is now traded at around $241.83. The impact to a portfolio due to this purchase was 0.01%. The holding were 2,118 shares as of 2018-09-30.

Douglass Winthrop Advisors, LLC sold out a holding in Masco Corp. The sale prices were between $36.6 and $40.33, with an estimated average price of $38.46.

Douglass Winthrop Advisors, LLC sold out a holding in Pinnacle Foods Inc. The sale prices were between $64.24 and $67.54, with an estimated average price of $66.17.

Douglass Winthrop Advisors, LLC sold out a holding in Ferrari NV. The sale prices were between $118 and $143.68, with an estimated average price of $131.61.

Douglass Winthrop Advisors, LLC sold out a holding in EMCOR Group Inc. The sale prices were between $73.88 and $80.83, with an estimated average price of $77.13.

Douglass Winthrop Advisors, LLC sold out a holding in Target Corp. The sale prices were between $75.77 and $89.26, with an estimated average price of $83.17.

Douglass Winthrop Advisors, LLC sold out a holding in Macy's Inc. The sale prices were between $34.38 and $41.82, with an estimated average price of $37.21.