Laffer Investments

Laffer Investments as of Sept. 30, 2018

Portfolio Holdings for Laffer Investments

Laffer Investments holds 191 positions in its portfolio as reported in the September 2018 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 3.2 $13M 112k 114.37
JPMorgan Chase & Co. (JPM) 1.9 $7.5M 66k 112.84
UnitedHealth (UNH) 1.4 $5.5M 21k 266.04
Amgen (AMGN) 1.2 $4.9M 24k 207.29
Merck & Co (MRK) 1.2 $4.9M 69k 70.94
Wells Fargo & Company (WFC) 1.2 $4.8M 91k 52.56
Becton Dickinson & Co pfd shs conv a 1.2 $4.8M 73k 65.53
Walt Disney Company (DIS) 1.1 $4.3M 37k 116.94
Citigroup (C) 1.0 $4.2M 59k 71.74
Valero Energy Corporation (VLO) 1.0 $4.1M 36k 113.75
Texas Instruments Incorporated (TXN) 1.0 $4.1M 39k 107.29
Dominion Resource p 1.0 $4.1M 86k 47.39
TJX Companies (TJX) 1.0 $4.0M 36k 112.02
Crown Castle Intl Corp New 6.875% con pfd a 0.9 $3.8M 3.5k 1082.92
Kohl's Corporation (KSS) 0.9 $3.7M 49k 74.55
Thermo Fisher Scientific (TMO) 0.9 $3.7M 15k 244.08
Intuit (INTU) 0.9 $3.6M 16k 227.40
Qualcomm (QCOM) 0.9 $3.6M 50k 72.03
Automatic Data Processing (ADP) 0.9 $3.5M 23k 150.66
Paychex (PAYX) 0.9 $3.5M 47k 73.65
W.W. Grainger (GWW) 0.9 $3.5M 9.8k 357.41
Stanley Black & Decker Inc unit 05/15/2020 0.9 $3.5M 31k 110.62
CSX Corporation (CSX) 0.8 $3.5M 47k 74.05
Advance Auto Parts (AAP) 0.8 $3.4M 20k 168.33
American Express Company (AXP) 0.8 $3.3M 31k 106.49
3M Company (MMM) 0.8 $3.3M 16k 210.71
Target Corporation (TGT) 0.8 $3.3M 37k 88.21
Humana (HUM) 0.8 $3.3M 9.8k 338.52
Illumina Inc. 0.00% June 15, 2019 ccb 0.8 $3.2M 2.2k 1450.73
Priceline Group Inc/the conv 0.8 $3.2M 2.7k 1186.51
Aetna 0.8 $3.1M 16k 202.85
Philip Morris International (PM) 0.8 $3.1M 38k 81.54
Caterpillar (CAT) 0.8 $3.0M 20k 152.49
SYSCO Corporation (SYY) 0.8 $3.0M 41k 73.25
Anadarko Petroleum Corporation 0.8 $3.0M 45k 67.41
Ca 0.8 $3.0M 69k 44.15
Marathon Oil Corporation (MRO) 0.8 $3.0M 129k 23.28
Starbucks Corporation (SBUX) 0.7 $3.0M 53k 56.84
Red Hat Inc conv 0.7 $3.0M 1.6k 1852.25
Deutsche Bank Ag London convertible bond 0.7 $3.0M 3.1k 953.04
NRG Energy (NRG) 0.7 $2.9M 79k 37.40
Marathon Petroleum Corp (MPC) 0.7 $2.9M 37k 79.97
Goldman Sachs (GS) 0.7 $2.9M 13k 224.24
American Rlty Cap Pptys Inc note 3.750%12/1 0.7 $2.9M 2.8k 1032.66
Total System Services 0.7 $2.9M 29k 98.74
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.7 $2.8M 2.2k 1284.08
Nordstrom (JWN) 0.7 $2.8M 47k 59.81
Mosaic (MOS) 0.7 $2.8M 87k 32.48
Charles Schwab Corporation (SCHW) 0.7 $2.7M 56k 49.15
PNC Financial Services (PNC) 0.7 $2.7M 20k 136.19
Church & Dwight (CHD) 0.7 $2.7M 46k 59.37
Via 0.7 $2.7M 79k 33.76
AFLAC Incorporated (AFL) 0.7 $2.7M 57k 47.07
Garmin (GRMN) 0.7 $2.7M 38k 70.05
Marriott International (MAR) 0.7 $2.6M 20k 132.03
Sempra Energy (SRE) 0.7 $2.6M 23k 113.75
Bank of New York Mellon Corporation (BK) 0.6 $2.6M 51k 50.99
Republic Services (RSG) 0.6 $2.6M 36k 72.66
Analog Devices (ADI) 0.6 $2.6M 28k 92.46
Constellation Brands (STZ) 0.6 $2.6M 12k 215.62
Xilinx 0.6 $2.5M 32k 80.17
Tpg Specialty Lending In conv 0.6 $2.6M 2.5k 1034.93
Sempra Energy convertible preferred security 0.6 $2.6M 25k 100.87
Deere & Company (DE) 0.6 $2.5M 17k 150.33
Southern Company (SO) 0.6 $2.5M 58k 43.60
Ametek (AME) 0.6 $2.5M 32k 79.12
Hess Pfd p 0.6 $2.5M 32k 79.56
Baker Hughes A Ge Company (BKR) 0.6 $2.5M 74k 33.83
CMS Energy Corporation (CMS) 0.6 $2.5M 51k 49.00
Regions Financial Corporation (RF) 0.6 $2.5M 135k 18.35
Foot Locker (FL) 0.6 $2.5M 48k 50.98
BB&T Corporation 0.6 $2.5M 51k 48.54
Fastenal Company (FAST) 0.6 $2.5M 42k 58.02
Assurant Inc convertible preferred security 0.6 $2.5M 22k 114.14
New Mtn Fin Corp note 5.750% 8/1 0.6 $2.5M 2.4k 1015.53
Tcp Cap Corp note 5.250%12/1 0.6 $2.4M 2.3k 1044.89
Intl F & F convertible preferred security 0.6 $2.4M 44k 54.36
Agilent Technologies Inc C ommon (A) 0.6 $2.4M 34k 70.54
Nxp Semiconductors N V dbcv 1.000% 12/0 0.6 $2.4M 2.3k 1048.85
Comerica Incorporated (CMA) 0.6 $2.3M 26k 90.20
Prudential Financial (PRU) 0.6 $2.3M 23k 101.32
Kansas City Southern 0.6 $2.3M 21k 113.28
Spirit Rlty Cap Inc New Note cb 0.6 $2.3M 2.3k 1039.89
Hannon Armstrong Sust Infr C note 4.125% 9/0 0.6 $2.3M 2.4k 981.36
M&T Bank Corporation (MTB) 0.6 $2.3M 14k 164.54
J.B. Hunt Transport Services (JBHT) 0.6 $2.3M 19k 118.94
Eastman Chemical Company (EMN) 0.6 $2.3M 24k 95.72
Key (KEY) 0.6 $2.3M 116k 19.89
CenterPoint Energy (CNP) 0.6 $2.3M 83k 27.65
Johnson Controls International Plc equity (JCI) 0.6 $2.3M 66k 35.00
Hercules Capital Inc dbcv 4.375% 2/0 0.6 $2.3M 2.3k 997.48
Consolidated Edison (ED) 0.6 $2.3M 30k 76.19
AmerisourceBergen (COR) 0.6 $2.3M 25k 92.22
Range Resources (RRC) 0.6 $2.2M 130k 16.99
Mattel (MAT) 0.6 $2.2M 141k 15.70
Zions Bancorporation (ZION) 0.6 $2.2M 44k 50.15
Willis Towers Watson (WTW) 0.6 $2.2M 16k 140.94
H&R Block (HRB) 0.5 $2.2M 84k 25.75
KLA-Tencor Corporation (KLAC) 0.5 $2.2M 22k 101.71
Welltower Inc 6.50% pfd prepet 0.5 $2.2M 36k 61.19
Csg Sys Intl Inc note 4.250% 3/1 0.5 $2.2M 2.1k 1060.79
Skyworks Solutions (SWKS) 0.5 $2.1M 24k 90.71
Interdigital Inc 1.5% 3/1/20 convertible bond 0.5 $2.1M 1.8k 1178.78
Ameriprise Financial (AMP) 0.5 $2.1M 14k 147.66
At&t (T) 0.5 $2.1M 63k 33.58
Halliburton Company (HAL) 0.5 $2.1M 51k 40.53
Citizens Financial (CFG) 0.5 $2.1M 55k 38.57
Western Union Company (WU) 0.5 $2.1M 108k 19.06
International Flavors & Fragrances (IFF) 0.5 $2.1M 15k 139.12
Williams Companies (WMB) 0.5 $2.1M 76k 27.19
Citrix Systems Inc conv 0.5 $2.1M 1.3k 1542.57
People's United Financial 0.5 $2.0M 117k 17.12
Packaging Corporation of America (PKG) 0.5 $2.0M 18k 109.69
Applied Materials (AMAT) 0.5 $2.0M 51k 38.65
Rpm International Inc convertible cor 0.5 $2.0M 1.6k 1247.82
Ares Capital Corp convertible security 0.5 $2.0M 1.9k 1024.70
Cardinal Health (CAH) 0.5 $1.9M 36k 54.00
A. O. Smith Corporation (AOS) 0.5 $1.9M 36k 53.37
D.R. Horton (DHI) 0.5 $1.9M 45k 42.18
Sealed Air (SEE) 0.5 $1.9M 46k 40.15
On Semiconductor Corp note 1.625%10/1 0.5 $1.9M 1.6k 1138.92
Campbell Soup Company (CPB) 0.5 $1.8M 49k 36.63
Bunge Limited 4.875% Cum. Cv. pfd cv 0.5 $1.8M 17k 108.03
Alexandria Real Estate Equitie conv prf 0.5 $1.8M 52k 35.11
Jefferies Finl Group (JEF) 0.5 $1.8M 83k 21.96
South Jersey Inds Inc unit 99/99/9999 0.5 $1.8M 33k 56.14
Amg Capital Trust Ii convert (AATRL) 0.4 $1.8M 30k 58.23
Micron Technology Inc conv 0.4 $1.8M 1.1k 1573.56
Centerpnt Enrg Ds Rep 1/20 Srs B Prf 0.4 $1.8M 35k 50.37
Lennar Corporation (LEN) 0.4 $1.6M 35k 46.69
Pulte (PHM) 0.4 $1.6M 66k 24.77
Whirlpool Corporation (WHR) 0.4 $1.6M 14k 118.75
Unum (UNM) 0.4 $1.6M 41k 39.07
Pentair cs (PNR) 0.3 $1.4M 32k 43.35
Fortive Corporation convertible preferred security 0.3 $1.4M 1.3k 1072.72
Dentsply Sirona (XRAY) 0.3 $1.3M 36k 37.74
Starwood Property Trust Inc convertible security 0.3 $1.2M 1.2k 1045.04
Dycom Inds Inc Note 0.750% 9/1 bond 0.3 $1.1M 1.0k 1107.34
Spdr S&p 500 Etf (SPY) 0.2 $1.0M 3.5k 290.72
Rti Intl Metals Inc note 1.625%10/1 0.2 $996k 959.00 1038.11
Cisco Systems (CSCO) 0.2 $946k 19k 48.65
Nvent Electric Plc Voting equities (NVT) 0.2 $861k 32k 27.16
Pfizer (PFE) 0.2 $788k 18k 44.07
Six Flags Entertainment (SIX) 0.2 $765k 11k 69.82
Bank Of Nt Butterfield&son L (NTB) 0.2 $770k 15k 51.86
Johnson & Johnson (JNJ) 0.2 $723k 5.2k 138.17
United Parcel Service (UPS) 0.2 $705k 6.0k 116.75
Altria (MO) 0.2 $672k 11k 60.31
Pepsi (PEP) 0.2 $702k 6.3k 111.80
Oneok (OKE) 0.2 $669k 9.9k 67.79
Industries N shs - a - (LYB) 0.2 $674k 6.6k 102.51
Ladder Capital Corp Class A (LADR) 0.2 $705k 42k 16.94
Broadcom (AVGO) 0.2 $671k 2.7k 246.73
Ares Capital Corporation (ARCC) 0.2 $658k 38k 17.19
Wp Carey (WPC) 0.2 $626k 9.7k 64.31
Rio Tinto (RIO) 0.1 $589k 12k 51.02
Bce (BCE) 0.1 $593k 15k 40.52
Ishares Tr fltg rate nt (FLOT) 0.1 $600k 12k 51.02
iShares MSCI France Index (EWQ) 0.1 $508k 16k 31.39
Global X Fds glob x nor etf 0.1 $519k 34k 15.22
Ishares Tr 0-5yr invt gr cp (SLQD) 0.1 $489k 9.8k 49.66
Ishares Tr hdg msci germn (HEWG) 0.1 $497k 18k 27.23
Ishares Tr msci cda etf 0.1 $496k 19k 26.57
Ishares Tr msci so korea 0.1 $499k 17k 29.21
Ishares Inc etp (EWT) 0.1 $492k 13k 37.70
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $430k 8.3k 51.83
Nabors Industries Ltd 6% pfd cnv sr a 0.1 $434k 9.9k 43.84
Nextera Energy (NEE) 0.1 $410k 2.4k 167.60
iShares Lehman MBS Bond Fund (MBB) 0.1 $420k 4.1k 103.33
Boeing Company (BA) 0.1 $379k 1.0k 371.90
Crown Castle Intl (CCI) 0.1 $349k 3.1k 111.33
Dominion Resources (D) 0.1 $342k 4.9k 70.28
Kinder Morgan (KMI) 0.1 $312k 18k 17.73
Epr Pptys conv pfd 9% sr e (EPR.PE) 0.1 $326k 9.1k 35.92
Eqt Midstream Partners 0.1 $268k 5.1k 52.78
Nustar Logistics Lp prf (NSS) 0.1 $300k 12k 25.25
Citigroup Inc. 7.125% prd (C.PJ) 0.1 $290k 10k 27.91
Morgan Stanley 6.875 Pfd Cal (MS.PF) 0.1 $300k 11k 27.38
Dlr 7 3/8 12/31/49 0.1 $300k 12k 25.44
Bdc 6 3/4 07/15/19 conv prf 0.1 $297k 3.2k 94.30
Energy Transfer Partners p 0.1 $283k 11k 25.87
Ishares U S Etf Tr int rt hdg c b (IGBH) 0.1 $238k 9.0k 26.36
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $213k 1.9k 114.93
75508b 20 3 Rayonier Advanced Matls Inc Pfd Cv Ser A rayonier advanced matls 0.1 $199k 1.5k 128.69
Franklin Templeton Etf Tr liberty hi yld (FLHY) 0.1 $213k 8.4k 25.33
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $179k 2.1k 86.44
Vanguard Short Term Corporate Bond ETF (VCSH) 0.0 $178k 2.3k 78.16
Vaneck Vec Invt Grade Fltg Rate Etf etf/closed end fund (FLTR) 0.0 $178k 7.0k 25.33
Ishares Tr conv bd etf (ICVT) 0.0 $123k 2.1k 59.86
Invesco Actively Managd Etf Ultra Shrt Dur etf/fixed income (GSY) 0.0 $115k 2.3k 50.22
iShares Barclays TIPS Bond Fund (TIP) 0.0 $22k 200.00 110.62