Laffer Investments

Laffer Investments as of Dec. 31, 2018

Portfolio Holdings for Laffer Investments

Laffer Investments holds 183 positions in its portfolio as reported in the December 2018 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 3.4 $11M 112k 101.57
JPMorgan Chase & Co. (JPM) 1.9 $6.5M 66k 97.62
Merck & Co (MRK) 1.6 $5.3M 69k 76.41
UnitedHealth (UNH) 1.5 $5.1M 21k 249.12
Amgen (AMGN) 1.4 $4.6M 24k 194.67
Marathon Petroleum Corp (MPC) 1.2 $4.1M 70k 59.01
Becton Dickinson & Co pfd shs conv a 1.2 $4.1M 71k 57.81
Walt Disney Company (DIS) 1.2 $4.0M 37k 109.65
Dominion Resource p 1.2 $4.0M 83k 47.89
Red Hat Inc conv 1.1 $3.8M 1.6k 2385.47
Texas Instruments Incorporated (TXN) 1.1 $3.6M 38k 94.50
Crown Castle Intl Corp New 6.875% con pfd a 1.1 $3.6M 3.4k 1053.02
Starbucks Corporation (SBUX) 1.0 $3.4M 53k 64.40
Thermo Fisher Scientific (TMO) 1.0 $3.4M 15k 223.79
Kohl's Corporation (KSS) 1.0 $3.3M 49k 66.34
TJX Companies (TJX) 0.9 $3.2M 72k 44.74
Advance Auto Parts (AAP) 0.9 $3.2M 20k 157.46
Intuit (INTU) 0.9 $3.1M 16k 196.85
NRG Energy (NRG) 0.9 $3.1M 79k 39.60
Paychex (PAYX) 0.9 $3.1M 47k 65.15
Automatic Data Processing (ADP) 0.9 $3.0M 23k 131.12
Church & Dwight (CHD) 0.9 $3.0M 46k 65.76
American Express Company (AXP) 0.9 $3.0M 31k 95.32
3M Company (MMM) 0.9 $3.0M 16k 190.54
Priceline Group Inc/the conv 0.9 $2.9M 2.7k 1108.36
CSX Corporation (CSX) 0.9 $2.9M 47k 62.13
Stanley Black & Decker Inc unit 05/15/2020 0.8 $2.9M 32k 91.16
Qualcomm (QCOM) 0.8 $2.8M 50k 56.91
Humana (HUM) 0.8 $2.8M 9.8k 286.48
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.8 $2.7M 2.2k 1267.03
W.W. Grainger (GWW) 0.8 $2.8M 9.8k 282.36
American Rlty Cap Pptys Inc note 3.750%12/1 0.8 $2.7M 2.8k 989.19
Xilinx 0.8 $2.7M 32k 85.17
Valero Energy Corporation (VLO) 0.8 $2.7M 36k 74.97
Illumina Inc. 0.00% June 15, 2019 ccb 0.8 $2.7M 2.2k 1221.59
AFLAC Incorporated (AFL) 0.8 $2.6M 57k 45.56
Republic Services (RSG) 0.8 $2.6M 36k 72.09
SYSCO Corporation (SYY) 0.8 $2.6M 41k 62.66
Foot Locker 0.8 $2.6M 48k 53.20
Philip Morris International (PM) 0.8 $2.6M 38k 66.76
Deutsche Bank Ag London convertible bond 0.8 $2.6M 2.9k 887.06
Southern Company (SO) 0.8 $2.5M 58k 43.92
Mosaic (MOS) 0.8 $2.5M 87k 29.21
CMS Energy Corporation (CMS) 0.7 $2.5M 51k 49.65
Caterpillar (CAT) 0.7 $2.5M 20k 127.07
Deere & Company (DE) 0.7 $2.5M 17k 149.17
Sempra Energy (SRE) 0.7 $2.5M 23k 108.19
Target Corporation (TGT) 0.7 $2.5M 37k 66.09
New Mtn Fin Corp note 5.750% 8/1 0.7 $2.5M 2.4k 1021.09
Garmin (GRMN) 0.7 $2.4M 38k 63.32
Tpg Specialty Lending In conv 0.7 $2.4M 2.4k 1006.10
Analog Devices (ADI) 0.7 $2.4M 28k 85.83
Willis Towers Watson (WTW) 0.7 $2.4M 16k 151.86
Sempra Energy convertible preferred security 0.7 $2.4M 25k 96.45
Bank of New York Mellon Corporation (BK) 0.7 $2.4M 51k 47.07
PNC Financial Services (PNC) 0.7 $2.3M 20k 116.91
Total System Services 0.7 $2.3M 29k 81.29
CenterPoint Energy (CNP) 0.7 $2.3M 83k 28.23
Charles Schwab Corporation (SCHW) 0.7 $2.3M 56k 41.53
Consolidated Edison (ED) 0.7 $2.3M 30k 76.46
Tcp Cap Corp note 5.250%12/1 0.7 $2.3M 2.3k 1012.62
Centerpnt Enrg Ds Rep 1/20 Srs B Prf 0.7 $2.3M 45k 50.40
Agilent Technologies Inc C ommon (A) 0.7 $2.3M 34k 67.46
Intl F & F convertible preferred security 0.7 $2.2M 44k 50.97
Nordstrom 0.7 $2.2M 47k 46.61
BB&T Corporation 0.7 $2.2M 51k 43.32
Fastenal Company (FAST) 0.7 $2.2M 42k 52.29
Spirit Rlty Cap Inc New Note cb 0.7 $2.2M 2.2k 990.80
Welltower Inc 6.50% pfd prepet 0.7 $2.2M 35k 63.49
Hannon Armstrong Sust Infr C note 4.125% 9/0 0.7 $2.2M 2.3k 940.67
Hercules Capital Inc dbcv 4.375% 2/0 0.7 $2.2M 2.2k 989.36
Marriott International (MAR) 0.6 $2.2M 20k 108.56
Ametek (AME) 0.6 $2.2M 32k 67.70
Nxp Semiconductors N V dbcv 1.000% 12/0 0.6 $2.1M 2.1k 1005.13
H&R Block (HRB) 0.6 $2.1M 84k 25.37
Assurant Inc convertible preferred security 0.6 $2.1M 21k 98.38
Csg Sys Intl Inc note 4.250% 3/1 0.6 $2.1M 2.0k 1024.00
M&T Bank Corporation (MTB) 0.6 $2.0M 14k 143.13
Via 0.6 $2.0M 79k 25.70
Fortive Corporation convertible preferred security 0.6 $2.0M 2.2k 908.98
International Flavors & Fragrances (IFF) 0.6 $2.0M 15k 134.27
Anadarko Petroleum Corporation 0.6 $2.0M 45k 43.84
Kansas City Southern 0.6 $2.0M 21k 95.45
Johnson Controls International Plc equity (JCI) 0.6 $2.0M 66k 29.65
Ares Capital Corp convertible security 0.6 $2.0M 1.9k 1029.27
Constellation Brands (STZ) 0.6 $1.9M 12k 160.82
KLA-Tencor Corporation (KLAC) 0.6 $1.9M 22k 89.49
Citrix Systems Inc conv 0.6 $1.9M 1.3k 1424.54
Prudential Financial (PRU) 0.6 $1.9M 23k 81.55
Marathon Oil Corporation (MRO) 0.6 $1.9M 129k 14.34
Western Union Company (WU) 0.5 $1.8M 108k 17.06
AmerisourceBergen (COR) 0.5 $1.8M 25k 74.40
At&t (T) 0.5 $1.8M 62k 28.54
J.B. Hunt Transport Services (JBHT) 0.5 $1.8M 19k 93.04
Comerica Incorporated (CMA) 0.5 $1.8M 26k 68.69
Regions Financial Corporation (RF) 0.5 $1.8M 135k 13.38
Zions Bancorporation (ZION) 0.5 $1.8M 44k 40.74
Interdigital Inc 1.5% 3/1/20 convertible bond 0.5 $1.8M 1.7k 1061.74
Eastman Chemical Company (EMN) 0.5 $1.7M 24k 73.11
Key (KEY) 0.5 $1.7M 116k 14.78
On Semiconductor Corp note 1.625%10/1 0.5 $1.7M 1.6k 1079.48
People's United Financial 0.5 $1.7M 117k 14.43
Pulte (PHM) 0.5 $1.7M 66k 25.99
Applied Materials (AMAT) 0.5 $1.7M 51k 32.74
Alexandria Real Estate Equitie conv prf 0.5 $1.7M 51k 33.46
Williams Companies (WMB) 0.5 $1.7M 76k 22.05
Sealed Air (SEE) 0.5 $1.6M 46k 34.84
Campbell Soup Company (CPB) 0.5 $1.6M 49k 32.99
Citizens Financial (CFG) 0.5 $1.6M 55k 29.73
Cardinal Health (CAH) 0.5 $1.6M 36k 44.60
Skyworks Solutions (SWKS) 0.5 $1.6M 24k 67.02
Bunge Limited 4.875% Cum. Cv. pfd cv 0.5 $1.6M 16k 97.56
Baker Hughes A Ge Company (BKR) 0.5 $1.6M 74k 21.50
D.R. Horton (DHI) 0.5 $1.6M 45k 34.66
A. O. Smith Corporation (AOS) 0.5 $1.5M 36k 42.70
Hess Pfd p 0.5 $1.5M 31k 49.60
Packaging Corporation of America (PKG) 0.4 $1.5M 18k 83.46
Ameriprise Financial (AMP) 0.4 $1.5M 14k 104.37
South Jersey Inds Inc unit 99/99/9999 0.4 $1.5M 32k 46.69
Amg Capital Trust Ii convert (AATRL) 0.4 $1.4M 30k 48.57
Jefferies Finl Group (JEF) 0.4 $1.4M 83k 17.36
Lennar Corporation (LEN) 0.4 $1.4M 35k 39.15
Halliburton Company (HAL) 0.4 $1.4M 51k 26.58
Dentsply Sirona (XRAY) 0.4 $1.3M 36k 37.21
Range Resources (RRC) 0.4 $1.2M 130k 9.57
Micron Technology Inc conv 0.4 $1.2M 1.1k 1113.12
Unum (UNM) 0.3 $1.2M 41k 29.38
Pentair cs (PNR) 0.3 $1.2M 32k 37.78
Starwood Property Trust Inc convertible security 0.3 $1.2M 1.2k 1009.89
Spdr S&p 500 Etf (SPY) 0.3 $931k 3.7k 249.92
Rti Intl Metals Inc note 1.625%10/1 0.3 $935k 935.00 1000.23
Dycom Inds Inc Note 0.750% 9/1 bond 0.3 $925k 992.00 932.53
Cisco Systems (CSCO) 0.2 $832k 19k 43.33
CVS Caremark Corporation (CVS) 0.2 $850k 13k 65.52
Pfizer (PFE) 0.2 $772k 18k 43.65
Nvent Electric Plc Voting equities (NVT) 0.2 $712k 32k 22.46
Johnson & Johnson (JNJ) 0.2 $667k 5.2k 129.05
Pepsi (PEP) 0.2 $685k 6.2k 110.48
Broadcom (AVGO) 0.2 $689k 2.7k 254.28
Wp Carey (WPC) 0.2 $632k 9.7k 65.34
Ladder Capital Corp Class A (LADR) 0.2 $638k 41k 15.47
Ares Capital Corporation (ARCC) 0.2 $593k 38k 15.58
Six Flags Entertainment (SIX) 0.2 $601k 11k 55.63
United Parcel Service (UPS) 0.2 $583k 6.0k 97.53
Bce (BCE) 0.2 $578k 15k 39.53
Altria (MO) 0.2 $534k 11k 49.39
Rio Tinto (RIO) 0.2 $544k 11k 48.48
Oneok (OKE) 0.2 $531k 9.8k 53.95
Industries N shs - a - (LYB) 0.2 $540k 6.5k 83.16
SPDR Barclays Capital Convertible SecETF (CWB) 0.2 $529k 11k 46.79
Ishares Tr fltg rate nt (FLOT) 0.1 $497k 9.9k 50.36
Ishares Tr hdg msci germn (HEWG) 0.1 $458k 19k 23.75
Nextera Energy (NEE) 0.1 $426k 2.5k 173.82
iShares MSCI France Index (EWQ) 0.1 $453k 17k 26.52
Ishares Tr msci cda etf 0.1 $450k 20k 22.79
Ishares Tr msci so korea 0.1 $436k 18k 24.12
Bank Of Nt Butterfield&son L (NTB) 0.1 $447k 14k 31.35
Ishares Inc etp (EWT) 0.1 $437k 14k 31.62
Global X Fds glob x nor etf 0.1 $416k 36k 11.54
Ishares Tr 0-5yr invt gr cp (SLQD) 0.1 $398k 8.0k 49.53
iShares Lehman MBS Bond Fund (MBB) 0.1 $362k 3.5k 104.65
Dominion Resources (D) 0.1 $349k 4.9k 71.46
Boeing Company (BA) 0.1 $330k 1.0k 322.50
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $350k 6.8k 51.64
Crown Castle Intl (CCI) 0.1 $341k 3.1k 108.63
iShares Dow Jones Select Dividend (DVY) 0.1 $294k 3.3k 89.31
Epr Pptys conv pfd 9% sr e (EPR.PE) 0.1 $303k 8.9k 34.00
Dlr 7 3/8 12/31/49 0.1 $293k 12k 25.21
Kinder Morgan (KMI) 0.1 $268k 17k 15.38
Nustar Logistics Lp prf 0.1 $279k 12k 23.84
Citigroup Inc. 7.125% prd 0.1 $269k 10k 26.19
Morgan Stanley 6.875 Pfd Cal (MS.PF) 0.1 $280k 11k 25.90
Energy Transfer Partners p 0.1 $241k 11k 22.92
Ishares U S Etf Tr int rt hdg c b (IGBH) 0.1 $216k 9.0k 23.93
Franklin Templeton Etf Tr liberty hi yld (FLHY) 0.1 $201k 8.4k 23.82
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $166k 1.5k 112.82
Vanguard Short Term Corporate Bond ETF (VCSH) 0.1 $177k 2.3k 77.94
Vaneck Vec Invt Grade Fltg Rate Etf etf/closed end fund (FLTR) 0.1 $173k 7.0k 24.69
Bdc 6 3/4 07/15/19 conv prf 0.1 $175k 3.0k 57.96
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $129k 1.6k 81.10
Ishares Tr conv bd etf (ICVT) 0.0 $94k 1.8k 52.52
Invesco Actively Managd Etf Ultra Shrt Dur etf/fixed income (GSY) 0.0 $115k 2.3k 50.07
iShares Barclays TIPS Bond Fund (TIP) 0.0 $22k 200.00 109.51