Laffer Investments as of March 31, 2018
Portfolio Holdings for Laffer Investments
Laffer Investments holds 195 positions in its portfolio as reported in the March 2018 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Microsoft Corporation (MSFT) | 2.8 | $11M | 121k | 91.27 | |
| Lam Research Corp conv | 2.1 | $8.6M | 2.5k | 3392.00 | |
| JPMorgan Chase & Co. (JPM) | 1.8 | $7.4M | 67k | 109.97 | |
| Wells Fargo & Company (WFC) | 1.2 | $4.8M | 91k | 52.41 | |
| Becton Dickinson & Co pfd shs conv a | 1.2 | $4.8M | 82k | 58.24 | |
| Anthem Inc conv p | 1.1 | $4.6M | 85k | 53.76 | |
| Crown Castle Intl Corp New 6.875% con pfd a | 1.1 | $4.4M | 4.0k | 1115.67 | |
| UnitedHealth (UNH) | 1.1 | $4.4M | 21k | 214.00 | |
| Dominion Resource p | 1.1 | $4.4M | 95k | 46.40 | |
| Amgen (AMGN) | 1.0 | $4.1M | 24k | 170.48 | |
| Texas Instruments Incorporated (TXN) | 1.0 | $4.1M | 39k | 103.89 | |
| Citigroup (C) | 1.0 | $4.0M | 59k | 67.50 | |
| Philip Morris International (PM) | 0.9 | $3.8M | 38k | 99.40 | |
| Merck & Co (MRK) | 0.9 | $3.8M | 69k | 54.47 | |
| Red Hat Inc conv | 0.9 | $3.8M | 1.9k | 2030.29 | |
| Priceline Group Inc/the conv | 0.9 | $3.8M | 3.0k | 1249.93 | |
| Walt Disney Company (DIS) | 0.9 | $3.7M | 37k | 100.44 | |
| Xl | 0.9 | $3.7M | 66k | 55.26 | |
| 3M Company (MMM) | 0.9 | $3.4M | 16k | 219.52 | |
| Valero Energy Corporation (VLO) | 0.8 | $3.4M | 37k | 92.77 | |
| Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) | 0.8 | $3.3M | 2.6k | 1286.25 | |
| Kohl's Corporation (KSS) | 0.8 | $3.3M | 50k | 65.51 | |
| Goldman Sachs (GS) | 0.8 | $3.3M | 13k | 251.86 | |
| Stanley Black & Decker Inc unit 05/15/2020 | 0.8 | $3.2M | 28k | 114.96 | |
| Nxp Semiconductors N V dbcv 1.000% 12/0 | 0.8 | $3.2M | 2.6k | 1249.00 | |
| Thermo Fisher Scientific (TMO) | 0.8 | $3.1M | 15k | 206.46 | |
| Time Warner | 0.8 | $3.1M | 32k | 94.58 | |
| Starbucks Corporation (SBUX) | 0.8 | $3.0M | 53k | 57.89 | |
| Ares Capital Corp conv | 0.8 | $3.1M | 3.0k | 1032.51 | |
| PNC Financial Services (PNC) | 0.8 | $3.0M | 20k | 151.24 | |
| American Express Company (AXP) | 0.7 | $2.9M | 31k | 93.28 | |
| Paychex (PAYX) | 0.7 | $2.9M | 48k | 61.59 | |
| TJX Companies (TJX) | 0.7 | $2.9M | 36k | 81.56 | |
| Charles Schwab Corporation (SCHW) | 0.7 | $2.9M | 56k | 52.22 | |
| Caterpillar (CAT) | 0.7 | $2.9M | 20k | 147.38 | |
| Applied Materials (AMAT) | 0.7 | $2.9M | 51k | 55.61 | |
| Illumina Inc. 0.00% June 15, 2019 ccb | 0.7 | $2.8M | 2.6k | 1108.53 | |
| Sempra Energy convertible preferred security | 0.7 | $2.9M | 28k | 102.17 | |
| W.W. Grainger (GWW) | 0.7 | $2.8M | 9.8k | 282.27 | |
| Qualcomm (QCOM) | 0.7 | $2.8M | 50k | 55.41 | |
| Intuit (INTU) | 0.7 | $2.8M | 16k | 173.35 | |
| Macquarie Infrastructure conv | 0.7 | $2.8M | 2.8k | 1003.87 | |
| Anadarko Petroleum Corporation | 0.7 | $2.7M | 45k | 60.41 | |
| Constellation Brands (STZ) | 0.7 | $2.7M | 12k | 227.92 | |
| Marriott International (MAR) | 0.7 | $2.7M | 20k | 135.98 | |
| Marathon Petroleum Corp (MPC) | 0.7 | $2.7M | 37k | 73.11 | |
| Tpg Specialty Lending In conv | 0.7 | $2.7M | 2.6k | 1050.44 | |
| Automatic Data Processing (ADP) | 0.7 | $2.6M | 23k | 113.48 | |
| Humana (HUM) | 0.7 | $2.6M | 9.8k | 268.83 | |
| Hercules Capital Inc dbcv 4.375% 2/0 | 0.7 | $2.6M | 2.6k | 1027.55 | |
| Bank of New York Mellon Corporation (BK) | 0.7 | $2.6M | 51k | 51.53 | |
| CSX Corporation (CSX) | 0.7 | $2.6M | 47k | 55.71 | |
| M&T Bank Corporation (MTB) | 0.7 | $2.6M | 14k | 184.36 | |
| Aetna | 0.7 | $2.6M | 16k | 169.00 | |
| BB&T Corporation | 0.7 | $2.6M | 51k | 52.04 | |
| Deere & Company (DE) | 0.7 | $2.6M | 17k | 155.32 | |
| Target Corporation (TGT) | 0.7 | $2.6M | 37k | 69.43 | |
| Southern Company (SO) | 0.6 | $2.6M | 58k | 44.66 | |
| Sempra Energy (SRE) | 0.6 | $2.6M | 23k | 111.22 | |
| Analog Devices (ADI) | 0.6 | $2.5M | 28k | 91.13 | |
| Eastman Chemical Company (EMN) | 0.6 | $2.5M | 24k | 105.58 | |
| Total System Services | 0.6 | $2.5M | 29k | 86.26 | |
| AFLAC Incorporated (AFL) | 0.6 | $2.5M | 57k | 43.76 | |
| Comerica Incorporated (CMA) | 0.6 | $2.5M | 26k | 95.93 | |
| Regions Financial Corporation (RF) | 0.6 | $2.5M | 135k | 18.58 | |
| Tcp Cap Corp note 5.250%12/1 | 0.6 | $2.5M | 2.3k | 1062.62 | |
| Via | 0.6 | $2.5M | 79k | 31.06 | |
| SYSCO Corporation (SYY) | 0.6 | $2.5M | 41k | 59.96 | |
| NRG Energy (NRG) | 0.6 | $2.4M | 79k | 30.53 | |
| Halliburton Company (HAL) | 0.6 | $2.4M | 51k | 46.94 | |
| Advance Auto Parts (AAP) | 0.6 | $2.4M | 20k | 118.55 | |
| Ametek (AME) | 0.6 | $2.4M | 32k | 75.97 | |
| Willis Towers Watson (WTW) | 0.6 | $2.4M | 16k | 152.19 | |
| Republic Services (RSG) | 0.6 | $2.4M | 36k | 66.23 | |
| Prudential Financial (PRU) | 0.6 | $2.4M | 23k | 103.55 | |
| KLA-Tencor Corporation (KLAC) | 0.6 | $2.4M | 22k | 109.01 | |
| Skyworks Solutions (SWKS) | 0.6 | $2.4M | 24k | 100.26 | |
| Consolidated Edison (ED) | 0.6 | $2.3M | 30k | 77.94 | |
| Ca | 0.6 | $2.3M | 69k | 33.90 | |
| Fastenal Company (FAST) | 0.6 | $2.3M | 42k | 54.59 | |
| Zions Bancorporation (ZION) | 0.6 | $2.3M | 44k | 52.73 | |
| American Rlty Cap Pptys Inc note 3.000% 8/0 | 0.6 | $2.3M | 2.3k | 1010.84 | |
| Johnson Controls International Plc equity (JCI) | 0.6 | $2.3M | 66k | 35.24 | |
| CMS Energy Corporation (CMS) | 0.6 | $2.3M | 51k | 45.29 | |
| Nordstrom | 0.6 | $2.3M | 47k | 48.41 | |
| Xilinx | 0.6 | $2.3M | 32k | 72.24 | |
| Key (KEY) | 0.6 | $2.3M | 116k | 19.55 | |
| CenterPoint Energy (CNP) | 0.6 | $2.3M | 83k | 27.40 | |
| A. O. Smith Corporation (AOS) | 0.6 | $2.3M | 36k | 63.59 | |
| Church & Dwight (CHD) | 0.6 | $2.3M | 46k | 50.36 | |
| Kansas City Southern | 0.6 | $2.3M | 21k | 109.85 | |
| Citizens Financial (CFG) | 0.6 | $2.3M | 55k | 41.98 | |
| Cardinal Health (CAH) | 0.6 | $2.2M | 36k | 62.68 | |
| J.B. Hunt Transport Services (JBHT) | 0.6 | $2.2M | 19k | 117.15 | |
| Agilent Technologies Inc C ommon (A) | 0.6 | $2.3M | 34k | 66.90 | |
| Garmin (GRMN) | 0.6 | $2.3M | 38k | 58.93 | |
| Micron Technology Inc conv | 0.6 | $2.3M | 1.2k | 1816.63 | |
| Foot Locker | 0.6 | $2.2M | 48k | 45.54 | |
| Finisar Corp note 0.500%12/1 | 0.6 | $2.2M | 2.2k | 989.18 | |
| People's United Financial | 0.5 | $2.2M | 117k | 18.66 | |
| Pentair cs (PNR) | 0.5 | $2.2M | 32k | 68.13 | |
| H&R Block (HRB) | 0.5 | $2.1M | 84k | 25.41 | |
| AmerisourceBergen (COR) | 0.5 | $2.1M | 25k | 86.21 | |
| Campbell Soup Company (CPB) | 0.5 | $2.1M | 49k | 43.31 | |
| Alexandria Real Estate Equitie conv prf | 0.5 | $2.1M | 59k | 36.30 | |
| Spirit Realty Capital Inc convertible cor | 0.5 | $2.1M | 2.1k | 1018.05 | |
| Welltower Inc 6.50% pfd prepet | 0.5 | $2.1M | 38k | 55.80 | |
| Assurant Inc convertible preferred security | 0.5 | $2.1M | 21k | 103.74 | |
| Western Union Company (WU) | 0.5 | $2.1M | 108k | 19.23 | |
| Ameriprise Financial (AMP) | 0.5 | $2.1M | 14k | 147.94 | |
| Whirlpool Corporation (WHR) | 0.5 | $2.1M | 14k | 153.11 | |
| Marathon Oil Corporation (MRO) | 0.5 | $2.1M | 129k | 16.13 | |
| Amg Capital Trust Ii convert (AATRL) | 0.5 | $2.1M | 34k | 62.35 | |
| Mosaic (MOS) | 0.5 | $2.1M | 87k | 24.28 | |
| Hess Pfd p | 0.5 | $2.1M | 35k | 59.72 | |
| Lennar Corporation (LEN) | 0.5 | $2.1M | 35k | 58.94 | |
| International Flavors & Fragrances (IFF) | 0.5 | $2.0M | 15k | 136.91 | |
| Baker Hughes A Ge Company (BKR) | 0.5 | $2.1M | 74k | 27.77 | |
| Andeavor | 0.5 | $2.1M | 20k | 100.56 | |
| Packaging Corporation of America (PKG) | 0.5 | $2.0M | 18k | 112.70 | |
| Bunge Limited 4.875% Cum. Cv. pfd cv | 0.5 | $2.0M | 19k | 108.73 | |
| Rpm International Inc convertible cor | 0.5 | $2.0M | 1.8k | 1138.87 | |
| Citrix Systems Inc conv | 0.5 | $2.0M | 1.5k | 1323.38 | |
| Sealed Air (SEE) | 0.5 | $2.0M | 46k | 42.79 | |
| D.R. Horton (DHI) | 0.5 | $2.0M | 45k | 43.84 | |
| Pulte (PHM) | 0.5 | $1.9M | 66k | 29.49 | |
| Unum (UNM) | 0.5 | $1.9M | 41k | 47.61 | |
| Leucadia National | 0.5 | $1.9M | 83k | 22.73 | |
| Range Resources (RRC) | 0.5 | $1.9M | 130k | 14.54 | |
| Williams Companies (WMB) | 0.5 | $1.9M | 76k | 24.86 | |
| Mattel (MAT) | 0.5 | $1.8M | 141k | 13.15 | |
| Anadarko Petroleum Corp conv p | 0.5 | $1.8M | 61k | 29.89 | |
| Dentsply Sirona (XRAY) | 0.5 | $1.8M | 36k | 50.31 | |
| Hannon Armstrong Sust Infr C note 4.125% 9/0 | 0.4 | $1.5M | 1.5k | 967.40 | |
| Deutsche Bank Ag London convertible bond | 0.4 | $1.5M | 1.5k | 1019.94 | |
| Stericycle, Inc. pfd cv | 0.4 | $1.4M | 32k | 45.28 | |
| Starwood Property Trust Inc convertible security | 0.3 | $1.4M | 1.3k | 1050.14 | |
| Dycom Inds Inc Note 0.750% 9/1 bond | 0.3 | $1.2M | 960.00 | 1270.16 | |
| Janus Capital conv | 0.3 | $1.2M | 783.00 | 1494.25 | |
| Rti Intl Metals Inc note 1.625%10/1 | 0.3 | $1.1M | 1.1k | 1067.41 | |
| Cisco Systems (CSCO) | 0.2 | $900k | 21k | 42.89 | |
| V.F. Corporation (VFC) | 0.2 | $879k | 12k | 74.12 | |
| Industries N shs - a - (LYB) | 0.2 | $755k | 7.1k | 105.68 | |
| Johnson & Johnson (JNJ) | 0.2 | $720k | 5.6k | 128.15 | |
| Six Flags Entertainment (SIX) | 0.2 | $738k | 12k | 62.26 | |
| Pfizer (PFE) | 0.2 | $687k | 19k | 35.49 | |
| United Parcel Service (UPS) | 0.2 | $683k | 6.5k | 104.66 | |
| Altria (MO) | 0.2 | $693k | 11k | 62.32 | |
| Ladder Capital Corp Class A (LADR) | 0.2 | $679k | 45k | 15.08 | |
| Rio Tinto (RIO) | 0.2 | $638k | 12k | 51.53 | |
| Bce (BCE) | 0.2 | $642k | 15k | 43.04 | |
| Ares Capital Corporation (ARCC) | 0.2 | $657k | 41k | 15.87 | |
| Ishares Tr fltg rate nt (FLOT) | 0.2 | $623k | 12k | 50.93 | |
| Wp Carey (WPC) | 0.2 | $656k | 11k | 61.99 | |
| At&t (T) | 0.1 | $598k | 17k | 35.65 | |
| Oneok (OKE) | 0.1 | $613k | 11k | 56.92 | |
| Omega Healthcare Investors (OHI) | 0.1 | $513k | 19k | 27.04 | |
| Ishares Tr 0-5yr invt gr cp (SLQD) | 0.1 | $509k | 10k | 49.74 | |
| Spdr S&p 500 Etf (SPY) | 0.1 | $484k | 1.8k | 263.15 | |
| iShares MSCI Hong Kong Index Fund (EWH) | 0.1 | $471k | 19k | 25.31 | |
| iShares Lehman MBS Bond Fund (MBB) | 0.1 | $483k | 4.6k | 104.64 | |
| iShares MSCI France Index (EWQ) | 0.1 | $471k | 15k | 31.40 | |
| Ishares Inc msci india index (INDA) | 0.1 | $475k | 14k | 34.13 | |
| Ishr Msci Singapore (EWS) | 0.1 | $464k | 17k | 26.67 | |
| Ishares Inc etp (EWT) | 0.1 | $464k | 12k | 38.34 | |
| Nextera Energy (NEE) | 0.1 | $453k | 2.8k | 163.33 | |
| iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) | 0.1 | $454k | 4.4k | 103.80 | |
| Global X Fds glob x nor etf | 0.1 | $436k | 32k | 13.76 | |
| Ishares Tr hdg msci germn (HEWG) | 0.1 | $407k | 15k | 27.40 | |
| Crown Castle Intl (CCI) | 0.1 | $384k | 3.5k | 109.61 | |
| Boeing Company (BA) | 0.1 | $376k | 1.1k | 327.88 | |
| Dominion Resources (D) | 0.1 | $330k | 4.9k | 67.43 | |
| Epr Pptys conv pfd 9% sr e (EPR.PE) | 0.1 | $329k | 9.4k | 34.86 | |
| Nustar Logistics Lp prf | 0.1 | $311k | 12k | 25.25 | |
| Citigroup Inc. 7.125% prd | 0.1 | $307k | 11k | 28.56 | |
| Morgan Stanley 6.875 Pfd Cal (MS.PF) | 0.1 | $319k | 11k | 28.03 | |
| Dlr 7 3/8 12/31/49 | 0.1 | $322k | 12k | 26.29 | |
| Bdc 6 3/4 07/15/19 conv prf | 0.1 | $303k | 3.3k | 93.28 | |
| Carlyle Group Lp 5.875 Non Cum Red Perp Pfd Units Series A equity | 0.1 | $321k | 13k | 24.06 | |
| iShares iBoxx $ High Yid Corp Bond (HYG) | 0.1 | $301k | 3.5k | 85.64 | |
| Eqt Midstream Partners | 0.1 | $273k | 4.6k | 59.03 | |
| iShares IBoxx $ Invest Grade Corp Bd (LQD) | 0.1 | $230k | 2.0k | 117.39 | |
| Kinder Morgan (KMI) | 0.1 | $252k | 17k | 15.06 | |
| 75508b 20 3 Rayonier Advanced Matls Inc Pfd Cv Ser A rayonier advanced matls | 0.1 | $240k | 1.6k | 150.28 | |
| Financial Select Sector SPDR (XLF) | 0.0 | $141k | 5.1k | 27.57 | |
| iShares Lehman 1-3 Year Treas.Bond (SHY) | 0.0 | $111k | 1.3k | 83.56 | |
| Vanguard Short Term Corporate Bond ETF (VCSH) | 0.0 | $110k | 1.4k | 78.43 | |
| Ishares Tr conv bd etf (ICVT) | 0.0 | $123k | 2.2k | 56.32 | |
| Ishares U S Etf Tr int rt hdg c b (IGBH) | 0.0 | $122k | 4.7k | 26.24 | |
| Guggenheim Ultra Short Duration Etf etf | 0.0 | $112k | 2.2k | 50.23 | |
| Ishares Trust Barclays (GNMA) | 0.0 | $87k | 1.8k | 48.59 | |
| iShares Barclays TIPS Bond Fund (TIP) | 0.0 | $23k | 200.00 | 113.05 | |
| Ishares U S Etf Tr it rt hdg hgyl (HYGH) | 0.0 | $58k | 643.00 | 90.57 | |
| Alerian Mlp Etf | 0.0 | $20k | 2.1k | 9.37 | |
| Safeway Inc New Xxx warrant and righ | 0.0 | $4.1k | 84k | 0.05 |
