Spence Asset Management Buys ServiceNow Inc, The Walt Disney Co, Alphabet Inc, Sells Gartner Inc, Cullen/Frost Bankers Inc, iShares Floating Rate Bond ETF

• New Purchases: NOW, DIS,
• Added Positions: MA, VEEV, V, MSFT, MDB, ADBE, IDXX, SPLK, ISRG, CSGP, ILMN, GOOG, TYL, GOOGL,
• Reduced Positions: IT, SCHG, SCHA, SCHM, ROKU, AMZN, AGG, SCHD, CRM, JPS, AMLP,
• Sold Out: CFR, FLOT, YEXT, SCHF, SCHX, RHT,

For the details of Spence Asset Management's stock buys and sells, go to https://www.gurufocus.com/guru/spence+asset+management/current-portfolio/portfolio

1. Mastercard Inc (MA) - 71,395 shares, 10.39% of the total portfolio. Shares added by 4.86%
2. Microsoft Corp (MSFT) - 119,204 shares, 8.88% of the total portfolio. Shares added by 3.79%
3. Visa Inc (V) - 91,530 shares, 8.44% of the total portfolio. Shares added by 4.04%
4. Alphabet Inc (GOOG) - 10,435 shares, 6.82% of the total portfolio. Shares added by 1.26%
5. CoStar Group Inc (CSGP) - 20,509 shares, 6.52% of the total portfolio. Shares added by 1.70%

Spence Asset Management initiated holding in ServiceNow Inc. The purchase prices were between $250.26 and $302.31, with an estimated average price of $272.05. The stock is now traded at around $268.15. The impact to a portfolio due to this purchase was 4.13%. The holding were 30,391 shares as of .

Spence Asset Management initiated holding in The Walt Disney Co. The purchase prices were between $129.96 and $146.39, with an estimated average price of $138.33. The stock is now traded at around $130.90. The impact to a portfolio due to this purchase was 4.04%. The holding were 57,878 shares as of .

Spence Asset Management added to a holding in Alphabet Inc by 37.50%. The purchase prices were between $1100 and $1245.94, with an estimated average price of $1183.58. The stock is now traded at around $1208.25. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 22 shares as of .

Spence Asset Management sold out a holding in Cullen/Frost Bankers Inc. The sale prices were between $80.32 and $95.84, with an estimated average price of $88.63.

Spence Asset Management sold out a holding in iShares Floating Rate Bond ETF. The sale prices were between $50.45 and $50.86, with an estimated average price of $50.64.

Spence Asset Management sold out a holding in Yext Inc. The sale prices were between $15.77 and $22.34, with an estimated average price of $19.01.

Spence Asset Management sold out a holding in Schwab U.S. Large-Cap ETF. The sale prices were between $67.92 and $72.27, with an estimated average price of $70.7.

Spence Asset Management sold out a holding in Schwab International Equity ETF. The sale prices were between $29.96 and $32.52, with an estimated average price of $31.46.

Spence Asset Management sold out a holding in Red Hat Inc. The sale prices were between $187.7 and $188.44, with an estimated average price of $187.88.