GaveKal Capital, LLC Buys SPDR Bloomberg Barclays 1-3 Month T-Bill, iShares Short Treasury Bond ETF, Pimco 15 Year U.S. TIPS Index Exchange-Traded Fund, Sells iShares 20+ Year Treasury Bond ETF, Cisco Systems Inc, EOG Resources Inc

• New Purchases: BIL, SHV, LTPZ, STPZ, TAK, RDSMY,
• Added Positions: ALNPY, SGAMY, TRMB, ABT, MMM, BDX, NKE, IAU, INCZY,
• Reduced Positions: CSCO, CVX, INTC, UNICY, AME,
• Sold Out: TLT, EOG, FTS, SAP, UN, ABB, TMICY, CE, TJX, RTN, DCMYY, CTSH, JNPR, BAM, IEF, OTEX, RBGLY, LRCX, LKQ, MCK, AKAM, NVO, MU, HOCPY, SMCAY, FERGY,

For the details of GaveKal Capital, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/gavekal+capital%2C+llc/current-portfolio/portfolio

1. Chevron Corp (CVX) - 29,267 shares, 16.00% of the total portfolio. Shares reduced by 32.1%
2. Cisco Systems Inc (CSCO) - 51,154 shares, 12.26% of the total portfolio. Shares reduced by 50.86%
3. Intel Corp (INTC) - 51,100 shares, 12.18% of the total portfolio. Shares reduced by 36.72%
4. Danaher Corp (DHR) - 8,217 shares, 4.81% of the total portfolio. Shares added by 0.93%
5. STERIS Ltd (STE) - 8,375 shares, 4.76% of the total portfolio. Shares added by 0.82%

GaveKal Capital, LLC initiated holding in SPDR Bloomberg Barclays 1-3 Month T-Bill. The purchase prices were between $90.75 and $91.25, with an estimated average price of $91.01. The stock is now traded at around $91.50. The impact to a portfolio due to this purchase was 3.38%. The holding were 8,315 shares as of .

GaveKal Capital, LLC initiated holding in iShares Short Treasury Bond ETF. The purchase prices were between $110.3 and $110.57, with an estimated average price of $110.45. The stock is now traded at around $110.44. The impact to a portfolio due to this purchase was 3.38%. The holding were 6,895 shares as of .

GaveKal Capital, LLC initiated holding in Pimco 15 Year U.S. TIPS Index Exchange-Traded Fund. The purchase prices were between $61.99 and $66.58, with an estimated average price of $63.64. The stock is now traded at around $66.89. The impact to a portfolio due to this purchase was 2.32%. The holding were 7,861 shares as of .

GaveKal Capital, LLC initiated holding in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fun. The purchase prices were between $50.84 and $51.79, with an estimated average price of $51.26. The stock is now traded at around $51.98. The impact to a portfolio due to this purchase was 1.32%. The holding were 5,736 shares as of .

GaveKal Capital, LLC initiated holding in Takeda Pharmaceutical Co Ltd. The purchase prices were between $16.7 and $21.52, with an estimated average price of $20.07. The stock is now traded at around $19.44. The impact to a portfolio due to this purchase was 1%. The holding were 11,076 shares as of .

GaveKal Capital, LLC initiated holding in Koninklijke DSM NV. The purchase prices were between $19.84 and $28.08, with an estimated average price of $24.78. The stock is now traded at around $27.48. The impact to a portfolio due to this purchase was 0.97%. The holding were 8,031 shares as of .

GaveKal Capital, LLC added to a holding in ANA Holdings Inc by 60.63%. The purchase prices were between $7.1 and $7.69, with an estimated average price of $7.36. The stock is now traded at around $6.69. The impact to a portfolio due to this purchase was 0.25%. The holding were 19,994 shares as of .

GaveKal Capital, LLC added to a holding in Sega Sammy Holdings Inc by 135.28%. The purchase prices were between $2.7 and $3.59, with an estimated average price of $3.13. The stock is now traded at around $3.07. The impact to a portfolio due to this purchase was 0.18%. The holding were 23,782 shares as of .

GaveKal Capital, LLC sold out a holding in iShares 20+ Year Treasury Bond ETF. The sale prices were between $118.66 and $126.56, with an estimated average price of $121.58.

GaveKal Capital, LLC sold out a holding in EOG Resources Inc. The sale prices were between $86.26 and $101.05, with an estimated average price of $95.33.

GaveKal Capital, LLC sold out a holding in Fortis Inc. The sale prices were between $33.04 and $37.25, with an estimated average price of $35.45.

GaveKal Capital, LLC sold out a holding in SAP SE. The sale prices were between $95.46 and $115.46, with an estimated average price of $106.3.

GaveKal Capital, LLC sold out a holding in Unilever NV. The sale prices were between $52.62 and $58.46, with an estimated average price of $54.86.

GaveKal Capital, LLC sold out a holding in ABB Ltd. The sale prices were between $18.58 and $20.48, with an estimated average price of $19.35.