Laffer Investments
Latest statistics and disclosures from Laffer Investments's latest quarterly 13F-HR filing:
- Top 5 stock holdings are AAPL, MSFT, JNJ, XOM, PG. These five stock positions account for 10.35% of Laffer Investments's total stock portfolio.
- Added to shares of these 10 stocks: AAPL (+$9.61M), MSFT (+$7.76M), XOM (+$6.45M), JNJ (+$5.93M), T, PG, VZ, WFC, PFE, INTC.
- Started 88 new stock positions in Welltower Inc Com reit, VTR, ABT, KMB, LLY, LMT, GIS, Royal Caribbean Cruises, PHM, Willis Towers Watson.
- Reduced shares in these 10 stocks: BRK.B (-$7.56M), , SPY, Ishares Tr hdg msci germn, Ishares msci ukamp;, Ishares Inc msci india index, PEP, EWH, , .
- Sold out of its positions in American Tower Reit, APH, AIV, AZO, BBT, Banc Of California Inc. convertible preferred stock, BBBY, BRK.B, BBY, BSX.
- As of June 30, 2016, Laffer Investments has $351.92M in assets under management (AUM). Assets under management dropped from a total value of $369.65M to $351.92M.
- Independent of market fluctuations, Laffer Investments was a net seller by $20.11M worth of stocks in the most recent quarter.
Laffer Investments portfolio companies for June 2016 quarter
| Company (Ticker) | Portfolio Weight | Share Count | Price | Last Trade |
|---|---|---|---|---|
| Apple (AAPL) | 2.73 | 100515 NEW | 95.60 | 123.28 |
| Microsoft Corporation (MSFT) | 2.39 | 164534 +1182.00% | 51.17 | 42.00 |
| Johnson & Johnson (JNJ) | 1.91 | 55308 +758.00% | 121.30 | 98.55 |
| Exxon Mobil Corporation (XOM) | 1.83 | 68768 NEW | 93.74 | 84.57 |
| Procter & Gamble Company (PG) | 1.49 | 61812 +630.00% | 84.67 | 81.31 |
| JPMorgan Chase & Co. (JPM) | 1.44 | 81312 +128.00% | 62.14 | 60.16 |
| AT&T; (T) | 1.39 | 112848 NEW | 43.21 | 32.70 |
| Pfizer (PFE) | 1.32 | 131492 +553.00% | 35.21 | 33.78 |
| Coca-Cola Company (KO) | 1.30 | 100957 -18.00% | 45.33 | 40.22 |
| Verizon Communications (VZ) | 1.28 | 80656 NEW | 55.84 | 48.01 |
| Dominion Res D Ser A Units 6.375% 01-jul-2017 convprf | 1.26 | 85559 +27.00% | 51.81 | 0.00 |
| Wells Fargo & Company (WFC) | 1.23 | 91658 NEW | 47.33 | 53.90 |
| Lam Research Corp conv | 1.19 | 2871 +76.00% | 1458.82 | 0.00 |
| Cisco Systems (CSCO) | 1.13 | 138213 +465.00% | 28.69 | 28.51 |
| Teva Pharmaceutical Industries | 1.13 | 4749 +85.00% | 834.47 | 0.00 |
| Anthem Inc conv pfd | 1.11 | 87724 +4.00% | 44.69 | 0.00 |
| Altria (MO) | 1.09 | 55695 +363.00% | 68.96 | 52.47 |
| Allergan Plc pfd conv ser a | 1.08 | 4567 +48.00% | 832.38 | 0.00 |
| Home Depot (HD) | 1.00 | 27580 -29.00% | 127.69 | 113.11 |
| Intel Corporation (INTC) | 0.96 | 102478 NEW | 32.80 | 32.76 |
| Wells Fargo & Company Non-cum Perpet cnv | 0.94 | 2546 -2.00% | 1296.27 | 0.00 |
| United Parcel Service (UPS) | 0.93 | 30359 +348.00% | 107.72 | 99.32 |
| Amgen (AMGN) | 0.91 | 21068 +647.00% | 152.15 | 153.92 |
| Merck & Co (MRK) | 0.91 | 55620 -25.00% | 57.61 | 56.20 |
| Walt Disney Company (DIS) | 0.90 | 32421 NEW | 97.82 | 103.60 |
| Macquarie Infrastructure conv | 0.88 | 2631 +120.00% | 1172.99 | 0.00 |
| Bank of America Corporation (BAC) | 0.87 | 229689 +130.00% | 13.27 | 15.95 |
| International Business Machines (IBM) | 0.84 | 19541 NEW | 151.78 | 158.25 |
| Nxp Semiconductors N V dbcv 1.000% 12/0 | 0.83 | 2692 +52.00% | 1088.96 | 0.00 |
| Citi | 0.81 | 67306 NEW | 42.39 | 0.00 |
| Xilinx Inc Cvt 2.625 6-15-17 convert | 0.81 | 1778 +125.00% | 1609.19 | 0.00 |
| UnitedHealth (UNH) | 0.80 | 19996 NEW | 141.20 | 113.33 |
| Priceline.com debt 1.000% 3/1 | 0.80 | 2004 -2.00% | 1397.01 | 0.00 |
| Arcc 4 7/8 03/15/17 | 0.78 | 2619 -2.00% | 1051.45 | 0.00 |
| CVS Caremark Corporation (CVS) | 0.75 | 27656 NEW | 95.74 | 101.90 |
| McDonald's Corporation (MCD) | 0.74 | 21666 -34.00% | 120.34 | 96.21 |
| Bristol Myers Squibb (BMY) | 0.74 | 35401 -33.00% | 73.55 | 66.08 |
| Boeing Company (BA) | 0.74 | 19976 +531.00% | 129.87 | 152.38 |
| NIKE (NKE) | 0.73 | 46381 NEW | 55.20 | 96.37 |
| Wal-Mart Stores (WMT) | 0.71 | 34308 -30.00% | 73.02 | 81.06 |
| Target Corporation (TGT) | 0.70 | 35064 +296.00% | 69.82 | 77.89 |
| Illumina Inc. 0.00% June 15, 2019 ccb | 0.70 | 2528 -2.00% | 978.34 | 0.00 |
| Stericycle, Inc. pfd cv | 0.70 | 29450 +208.00% | 83.05 | 0.00 |
| Nextera Energy | 0.68 | 18421 +332.00% | 130.40 | 0.00 |
| Abbvie | 0.67 | 38166 NEW | 61.91 | 0.00 |
| Alexandria Real Estate Equitie conv prf | 0.66 | 69331 | 33.70 | 0.00 |
| Old Republic Intl Corp note | 0.65 | 1741 -2.00% | 1305.59 | 0.00 |
| Tyson Foods Inc cnv pfd | 0.65 | 30845 -3.00% | 74.01 | 0.00 |
| Tpg Specialty Lending In conv | 0.65 | 2246 NEW | 1020.24 | 0.00 |
| Laclede Group conv prf | 0.63 | 35847 | 62.23 | 0.00 |
| Honeywell International (HON) | 0.62 | 18616 NEW | 116.32 | 100.92 |
| Spirit Realty Capital Inc convertible cor | 0.62 | 2015 NEW | 1085.49 | 0.00 |
| Anadarko Petroleum Corp conv pfd | 0.62 | 58110 +42.00% | 37.50 | 0.00 |
| Red Hat Inc conv | 0.62 | 1794 -2.00% | 1214.68 | 0.00 |
| Eli Lilly & Co. (LLY) | 0.60 | 26819 NEW | 78.75 | 68.81 |
| United Technologies Corporation (UTX) | 0.60 | 20567 -27.00% | 102.55 | 118.52 |
| American Tower Corp New Pfd Co pfd | 0.60 | 18915 -3.00% | 112.17 | 0.00 |
| Walgreen Boots Alliance | 0.59 | 24848 NEW | 83.27 | 0.00 |
| Lowe's Companies (LOW) | 0.57 | 25200 NEW | 79.17 | 73.15 |
| Simon Property (SPG) | 0.57 | 9192 NEW | 216.90 | 179.63 |
| Frontier Communications Corp pfd conv ser-a | 0.56 | 20617 +776.00% | 94.74 | 0.00 |
| Abbott Laboratories (ABT) | 0.55 | 49110 NEW | 39.31 | 46.40 |
| Industries N shs - a - | 0.55 | 26178 +252.00% | 74.42 | 0.00 |
| U.S. Ban (USB) | 0.54 | 46994 NEW | 40.33 | 43.76 |
| Nvidia Corp note 1.000 12/0 | 0.54 | 811 -2.00% | 2333.85 | 0.00 |
| Welltower Inc 6.50% pfd prepet | 0.53 | 27661 | 67.64 | 0.00 |
| Lockheed Martin Corporation (LMT) | 0.52 | 7306 NEW | 248.17 | 197.87 |
| Duke Energy | 0.52 | 21227 NEW | 85.79 | 0.00 |
| Rpm International Inc convertible cor | 0.52 | 1579 -2.00% | 1166.52 | 0.00 |
| Chubb | 0.51 | 13698 NEW | 130.71 | 0.00 |
| Broad | 0.50 | 11418 -37.00% | 155.40 | 0.00 |
| Brocade Communications conv | 0.50 | 1772 NEW | 997.65 | 0.00 |
| Darden Restaurants (DRI) | 0.49 | 27378 -21.00% | 63.34 | 62.29 |
| Kimberly-Clark Corporation (KMB) | 0.48 | 12382 NEW | 137.48 | 103.80 |
| Dow Chemical Company (DOW) | 0.48 | 33999 NEW | 49.71 | 47.09 |
| Southern Company (SO) | 0.48 | 31564 NEW | 53.63 | 43.68 |
| Adt | 0.48 | 40593 | 41.26 | 0.00 |
| TJX Companies (TJX) | 0.47 | 21483 NEW | 77.23 | 67.66 |
| American Express Company (AXP) | 0.46 | 26819 NEW | 60.76 | 79.39 |
| General Mills (GIS) | 0.46 | 22677 NEW | 71.32 | 51.55 |
| Ford Motor Company (F) | 0.46 | 129186 +172.00% | 12.57 | 15.85 |
| Citrix Systems Inc conv | 0.46 | 1459 -2.00% | 1119.67 | 0.00 |
| Public Storage (PSA) | 0.45 | 6192 NEW | 255.59 | 186.59 |
| Morgan Stanley (MS) | 0.44 | 59750 -5.00% | 25.98 | 34.94 |
| Travelers Companies (TRV) | 0.43 | 12645 -36.00% | 119.04 | 105.54 |
| Northrop Grumman Corporation (NOC) | 0.42 | 6602 NEW | 222.28 | 158.85 |
| McKesson Corporation (MCK) | 0.42 | 8013 -24.00% | 186.65 | 221.98 |
| American Electric Power Company (AEP) | 0.42 | 20909 NEW | 70.09 | 55.21 |
| Exelon Corporation (EXC) | 0.42 | 40616 NEW | 36.36 | 31.85 |
| Hess Pfd pfd | 0.42 | 19360 -2.00% | 75.67 | 0.00 |
| Raytheon Company (RTN) | 0.41 | 10669 NEW | 135.95 | 106.21 |
| Marsh & McLennan Companies (MMC) | 0.41 | 21147 NEW | 68.46 | 55.76 |
| General Dynamics Corporation (GD) | 0.40 | 10132 NEW | 139.24 | 133.60 |
| Prudential Financial (PRU) | 0.40 | 19487 +3089.00% | 71.34 | 80.31 |
| Waste Management (WM) | 0.39 | 20463 NEW | 66.27 | 53.00 |
| Equity Residential (EQR) | 0.39 | 19844 NEW | 68.88 | 75.86 |
| PG&E; Corporation (PCG) | 0.39 | 21357 -39.00% | 63.92 | 51.38 |
| Hershey Company (HSY) | 0.39 | 12143 -34.00% | 113.49 | 98.43 |
| Delta Air Lines (DAL) | 0.39 | 37826 -20.00% | 36.43 | 44.19 |
| Bunge Limited 4.875% Cum. Cv. pfd cv | 0.39 | 14919 | 93.00 | 0.00 |
| Cardinal Health (CAH) | 0.38 | 16963 -25.00% | 78.01 | 87.33 |
| Ross Stores (ROST) | 0.37 | 22732 NEW | 56.69 | 105.22 |
| Southwest Airlines (LUV) | 0.37 | 33470 -29.00% | 39.21 | 44.01 |
| Stanley Black & Decker Inc Uni pfd | 0.37 | 11080 | 116.55 | 0.00 |
| Welltower Inc Com reit | 0.37 | 17274 NEW | 76.17 | 0.00 |
| Consolidated Edison (ED) | 0.36 | 15823 NEW | 80.44 | 59.90 |
| Xcel Energy (XEL) | 0.36 | 28382 NEW | 44.78 | 33.87 |
| Ventas (VTR) | 0.36 | 17439 NEW | 72.82 | 69.27 |
| Newmont Mining Corp Cvt cv bnd | 0.36 | 1109 | 1134.51 | 0.00 |
| Carnival Corporation (CCL) | 0.35 | 28087 NEW | 44.20 | 43.98 |
| Sherwin-Williams Company (SHW) | 0.35 | 4251 -35.00% | 293.67 | 281.82 |
| V.F. Corporation (VFC) | 0.35 | 19823 NEW | 61.49 | 73.33 |
| CenturyLink (CTL) | 0.35 | 42444 NEW | 29.01 | 35.12 |
| PPL Corporation (PPL) | 0.35 | 32831 NEW | 37.75 | 31.37 |
| Boston Properties (BXP) | 0.35 | 9398 NEW | 131.90 | 135.21 |
| General Growth Properties | 0.35 | 40721 -31.00% | 29.82 | 0.00 |
| Eversource Energy | 0.35 | 20667 NEW | 59.90 | 0.00 |
| AmerisourceBergen (ABC) | 0.34 | 14891 -6.00% | 79.32 | 103.61 |
| Vornado Realty Trust (VNO) | 0.34 | 11785 NEW | 100.12 | 104.45 |
| Realty Income (O) | 0.34 | 17364 -42.00% | 69.36 | 49.45 |
| Amg Capital Trust Ii convert | 0.34 | 21325 -2.00% | 55.38 | 0.00 |
| L Brands | 0.34 | 17853 -11.00% | 67.13 | 0.00 |
| FirstEnergy (FE) | 0.33 | 33063 NEW | 34.91 | 34.23 |
| Cummins (CMI) | 0.33 | 10295 NEW | 112.44 | 137.75 |
| Newmont Mining Corporation (NEM) | 0.33 | 29590 NEW | 39.12 | 21.67 |
| Vulcan Materials Company (VMC) | 0.33 | 9698 -46.00% | 120.36 | 82.73 |
| International Paper Company (IP) | 0.33 | 27528 NEW | 42.38 | 54.31 |
| American Water Works (AWK) | 0.33 | 13717 NEW | 84.51 | 52.46 |
| Cincinnati Financial Corporation (CINF) | 0.32 | 14935 NEW | 74.89 | 52.08 |
| PACCAR (PCAR) | 0.32 | 21750 -20.00% | 51.87 | 60.73 |
| HCP (HCP) | 0.32 | 32073 NEW | 35.38 | 40.24 |
| Kimco Realty Corporation (KIM) | 0.32 | 36071 NEW | 31.38 | 25.62 |
| Willis Towers Watson | 0.32 | 9047 NEW | 124.31 | 0.00 |
| Republic Services (RSG) | 0.31 | 21392 NEW | 51.31 | 40.26 |
| Martin Marietta Materials (MLM) | 0.31 | 5661 -45.00% | 192.00 | 137.91 |
| Kohl's Corporation (KSS) | 0.31 | 28722 NEW | 37.92 | 73.72 |
| Williams Companies (WMB) | 0.31 | 49844 NEW | 21.63 | 46.41 |
| D.R. Horton (DHI) | 0.31 | 34127 -44.00% | 31.48 | 25.87 |
| Tesoro Corporation (TSO) | 0.31 | 14364 -18.00% | 74.92 | 86.12 |
| Principal Financial (PFG) | 0.30 | 25691 NEW | 41.11 | 49.56 |
| Rockwell Collins (COL) | 0.30 | 12439 NEW | 85.14 | 91.43 |
| C.H. Robinson Worldwide (CHRW) | 0.30 | 14442 NEW | 74.25 | 72.00 |
| Pinnacle West Capital Corporation (PNW) | 0.30 | 13141 NEW | 81.06 | 61.71 |
| Motorola Solutions (MSI) | 0.30 | 15990 NEW | 65.97 | 65.32 |
| Alcoa Inc cnv pfd | 0.30 | 32360 | 32.71 | 0.00 |
| Hasbro (HAS) | 0.29 | 11944 NEW | 83.99 | 61.01 |
| Pulte (PHM) | 0.29 | 51744 NEW | 19.49 | 21.23 |
| Leggett & Platt (LEG) | 0.29 | 19696 NEW | 51.11 | 44.11 |
| Royal Caribbean Cruises | 0.29 | 14976 NEW | 67.15 | 0.00 |
| Nordstrom (JWN) | 0.29 | 26615 NEW | 38.05 | 79.23 |
| L-3 Communications Holdings (LLL) | 0.29 | 6925 NEW | 146.69 | 125.86 |
| Janus Capital conv | 0.29 | 746 -2.00% | 1366.49 | 0.00 |
| Iron Mountain | 0.29 | 25490 NEW | 39.83 | 0.00 |
| Staples (SPLS) | 0.28 | 113580 NEW | 8.62 | 16.12 |
| H&R; Block (HRB) | 0.27 | 41680 -17.00% | 23.00 | 31.63 |
| Paychex (PAYX) | 0.27 | 15956 -66.00% | 59.50 | 48.92 |
| Unum (UNM) | 0.27 | 29825 NEW | 31.79 | 33.01 |
| Bce | 0.27 | 19930 +20.00% | 47.31 | 0.00 |
| Wp Carey | 0.26 | 13151 +20.00% | 69.42 | 0.00 |
| Wec Energy Group Inc Com stock | 0.26 | 14226 +5.00% | 65.30 | 0.00 |
| Six Flags Entertainment (SIX) | 0.25 | 14927 +27.00% | 57.95 | 46.62 |
| Micron Technology Inc conv | 0.25 | 1154 -2.00% | 774.23 | 0.00 |
| Macquarie Infrastructure Company (MIC) | 0.24 | 11538 +19.00% | 74.05 | 79.37 |
| Omega Healthcare Investors (OHI) | 0.22 | 22628 +20.00% | 33.95 | 38.61 |
| Vodafone Group New Adr F | 0.22 | 24615 +20.00% | 30.89 | 0.00 |
| iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) | 0.19 | 5492 -2.00% | 122.73 | 120.16 |
| Energy Transfer Partners (ETP) | 0.18 | 17085 +25.00% | 38.07 | 54.95 |
| iShares Barclays Inter Crd Bd Fund ETF) (CIU) | 0.18 | 5729 -2.00% | 111.26 | 109.75 |
| Extra Space Storage (EXR) | 0.17 | 6323 NEW | 92.54 | 64.02 |
| Cyrusone | 0.17 | 10506 NEW | 55.66 | 0.00 |
| SPDR S&P; 500 ETF (SPY) | 0.16 | 2659 -89.00% | 209.47 | 205.25 |
| Spectra Energy Partners (SEP) | 0.16 | 12037 NEW | 47.18 | 50.24 |
| iShares MSCI Hong Kong Index Fund (EWH) | 0.14 | 24951 -89.00% | 19.58 | 21.09 |
| iShares MSCI Taiwan Index (EWT) | 0.14 | 35537 NEW | 14.05 | 15.54 |
| iShares Lehman MBS Bond Fund (MBB) | 0.14 | 4561 -2.00% | 109.97 | 109.62 |
| iShares MSCI Singapore Index Fund (EWS) | 0.14 | 45046 NEW | 10.87 | 12.30 |
| Ishares Tr fltg rate nt | 0.14 | 9548 -2.00% | 50.62 | 0.00 |
| Ishares Inc msci india index | 0.14 | 18127 -89.00% | 27.92 | 0.00 |
| iShares MSCI Germany Index Fund (EWG) | 0.13 | 19108 NEW | 24.05 | 28.87 |
| iShares MSCI Spain Index (EWP) | 0.13 | 18031 NEW | 24.98 | 32.48 |
| Ishares Tr cmn | 0.12 | 12066 -90.00% | 35.94 | 0.00 |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.10 | 4336 +7.00% | 84.70 | 90.34 |
| iShares Barclays 1-3 Year Cred Bd Fd ETF (CSJ) | 0.10 | 3473 -2.00% | 106.09 | 105.16 |
| iShares Lehman 1-3 Year Treas.Bond (SHY) | 0.09 | 3707 +29.00% | 85.32 | 84.58 |
| Clyme US Cptl Mkts Mco Trm Fxd Idx (ULQ) | 0.09 | 6668 -2.00% | 50.01 | 0.00 |
| Epr Pptys conv pfd 9% sr e | 0.08 | 7661 +7.00% | 37.42 | 0.00 |
| Spectra Energy (SE) | 0.07 | 6985 NEW | 36.63 | 34.31 |
| Nustar Logistics Lp prf | 0.07 | 9798 +7.00% | 24.85 | 0.00 |
| Wells Fargo 5.85% public | 0.07 | 9245 +8.00% | 27.59 | 0.00 |
| Citigroup Inc. 7.125% prd | 0.07 | 8558 +8.00% | 28.81 | 0.00 |
| Morgan Stanley 6.875 Pfd Call pfd | 0.07 | 9104 +8.00% | 28.74 | 0.00 |
| Jpm 6.27 12/31/49 stock | 0.07 | 9174 +8.00% | 28.24 | 0.00 |
| Seaspan Corp Pfd E 8.25% pfd | 0.07 | 9946 +7.00% | 25.65 | 0.00 |
| Ares Capital Corporation (ARCC) | 0.06 | 15542 +8.00% | 14.20 | 16.86 |
| iShares Lehman 3-7 Yr Treasury Bond (IEI) | 0.06 | 1732 +29.00% | 127.35 | 122.65 |
| Dlr 7 3/8 12/31/49 stock | 0.06 | 7713 NEW | 28.95 | 0.00 |
| Vanguard Intermediate Tm Cpte Bd ETF (VCIT) | 0.05 | 2081 +29.00% | 89.41 | 86.66 |
| 49456b 20 0 Kinder Morgan Inc Del Pfd Ser A kinder morgan inc del | 0.05 | 3924 +7.00% | 48.44 | 0.00 |
| Health Care SPDR (XLV) | 0.02 | 1052 +29.00% | 71.70 | 71.27 |
| iShares Lehman 7-10 Yr Treas. Bond (IEF) | 0.02 | 526 +29.00% | 112.95 | 106.48 |
| iShares Barclays TIPS Bond Fund (TIP) | 0.02 | 499 +15.00% | 116.67 | 111.97 |
| Safeway Inc New Xxx warrant and righ | 0.02 | 83481 | 1.01 | 0.00 |
| Consumer Staples Select Sect. SPDR (XLP) | 0.01 | 928 +29.00% | 55.15 | 48.00 |
| iShares Barclays 20+ Yr Treas.Bond (TLT) | 0.01 | 270 +31.00% | 138.90 | 126.45 |
| Alerian Mlp Etf | 0.00 | 1112 | 12.72 | 0.00 |
| Safeway Inc New Xxx warrant and righ | 0.00 | 83481 | 0.05 | 0.00 |
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Past 13F-HR SEC Filings for Laffer Investments
- Laffer Investments 2016 Q1 filed May 17, 2016
- Laffer Investments 2015 Q4 filed Feb. 16, 2016
- Laffer Investments 2015 Q3 filed Nov. 6, 2015
- Laffer Investments 2015 Q2 filed Aug. 14, 2015
- Laffer Investments 2015 Q1 filed May 11, 2015
- Laffer Investments 2014 Q2 filed Aug. 14, 2014
- Laffer Investments 2014 Q1 filed May 15, 2014
- Laffer Investments 2013 Q4 filed Feb. 18, 2014
- Laffer Investments 2013 Q3 filed Nov. 14, 2013
- Laffer Investments 2013 Q2 filed Aug. 15, 2013
- Laffer Investments 2012 Q4 filed Feb. 15, 2013
- Laffer Investments 2012 Q2 filed Aug. 24, 2012
- Laffer Investments 2011 Q4 filed Feb. 16, 2012
- Laffer Investments 2011 Q1 filed May 18, 2011
- Laffer Investments 2010 Q4 filed Feb. 14, 2011