Laffer Investments

Laffer Investments as of March 31, 2019

Portfolio Holdings for Laffer Investments

Laffer Investments holds 188 positions in its portfolio as reported in the March 2019 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 3.6 $13M 112k 117.94
JPMorgan Chase & Co. (JPM) 1.8 $6.7M 66k 101.23
Merck & Co (MRK) 1.5 $5.7M 69k 83.17
UnitedHealth (UNH) 1.4 $5.1M 21k 247.26
Amgen (AMGN) 1.2 $4.5M 24k 189.98
Marathon Petroleum Corp (MPC) 1.1 $4.2M 70k 59.85
Intuit (INTU) 1.1 $4.2M 16k 261.41
Becton Dickinson & Co pfd shs conv a 1.1 $4.2M 67k 62.05
Thermo Fisher Scientific (TMO) 1.1 $4.1M 15k 273.72
Walt Disney Company (DIS) 1.1 $4.1M 37k 111.03
Dominion Resource p 1.1 $4.1M 81k 50.01
Xilinx 1.1 $4.0M 32k 126.79
Texas Instruments Incorporated (TXN) 1.1 $3.9M 37k 106.07
Starbucks Corporation (SBUX) 1.1 $3.9M 53k 74.34
Crown Castle Intl Corp New 6.875% con pfd a 1.0 $3.9M 3.3k 1180.41
TJX Companies (TJX) 1.0 $3.8M 72k 53.21
Red Hat Inc conv 1.0 $3.8M 1.5k 2478.29
Automatic Data Processing (ADP) 1.0 $3.7M 23k 159.74
CSX Corporation (CSX) 0.9 $3.5M 47k 74.82
Advance Auto Parts (AAP) 0.9 $3.5M 20k 170.53
American Express Company (AXP) 0.9 $3.4M 31k 109.30
Kohl's Corporation (KSS) 0.9 $3.4M 49k 68.77
Philip Morris International (PM) 0.9 $3.4M 38k 88.39
NRG Energy (NRG) 0.9 $3.3M 79k 42.48
Garmin (GRMN) 0.9 $3.3M 38k 86.35
3M Company (MMM) 0.9 $3.3M 16k 207.78
Church & Dwight (CHD) 0.9 $3.3M 46k 71.23
Stanley Black & Decker Inc unit 05/15/2020 0.8 $3.2M 32k 98.03
Target Corporation (TGT) 0.8 $3.0M 37k 80.26
Valero Energy Corporation (VLO) 0.8 $3.0M 35k 84.83
Southern Company (SO) 0.8 $3.0M 58k 51.68
W.W. Grainger (GWW) 0.8 $2.9M 9.8k 300.93
Analog Devices (ADI) 0.8 $2.9M 28k 105.27
Foot Locker 0.8 $2.9M 48k 60.60
Sempra Energy (SRE) 0.8 $2.9M 23k 125.86
Illumina Inc conv 0.8 $2.9M 2.2k 1360.47
Paychex (PAYX) 0.8 $2.9M 36k 80.20
Republic Services (RSG) 0.8 $2.9M 36k 80.38
AFLAC Incorporated (AFL) 0.8 $2.8M 57k 50.00
Qualcomm (QCOM) 0.8 $2.8M 50k 57.03
Priceline Group Inc/the conv 0.8 $2.9M 2.6k 1109.63
CMS Energy Corporation (CMS) 0.8 $2.8M 51k 55.54
Deutsche Bank Ag London convertible bond 0.8 $2.8M 2.9k 950.86
Total System Services 0.7 $2.7M 29k 95.01
SYSCO Corporation (SYY) 0.7 $2.7M 41k 66.76
Willis Towers Watson (WTW) 0.7 $2.8M 16k 175.65
Danaher Corporation 4.75 mnd cv p 0.7 $2.7M 2.6k 1050.00
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.7 $2.7M 2.1k 1294.87
Agilent Technologies Inc C ommon (A) 0.7 $2.7M 34k 80.38
Fastenal Company (FAST) 0.7 $2.7M 42k 64.31
American Rlty Cap Pptys Inc note 3.750%12/1 0.7 $2.7M 2.7k 1019.94
Caterpillar (CAT) 0.7 $2.7M 20k 135.49
Deere & Company (DE) 0.7 $2.7M 17k 159.84
Tpg Specialty Lending Inc note 4.500% 8/0 0.7 $2.7M 2.6k 1028.93
Ametek (AME) 0.7 $2.6M 32k 82.97
Humana (HUM) 0.7 $2.6M 9.8k 266.00
KLA-Tencor Corporation (KLAC) 0.7 $2.6M 22k 119.41
Sempra Energy convertible preferred security 0.7 $2.6M 24k 105.91
Bank of New York Mellon Corporation (BK) 0.7 $2.5M 51k 50.43
Consolidated Edison (ED) 0.7 $2.5M 30k 84.81
CenterPoint Energy (CNP) 0.7 $2.5M 83k 30.70
Marriott International (MAR) 0.7 $2.5M 20k 125.09
PNC Financial Services (PNC) 0.7 $2.5M 20k 122.66
Johnson Controls International Plc equity (JCI) 0.7 $2.5M 66k 36.94
Kansas City Southern 0.7 $2.4M 21k 115.98
Charles Schwab Corporation (SCHW) 0.6 $2.4M 56k 42.76
Mosaic (MOS) 0.6 $2.4M 87k 27.31
BB&T Corporation 0.6 $2.3M 51k 46.53
New Mtn Fin Corp note 5.750% 8/1 0.6 $2.4M 2.3k 1014.73
Centerpnt Enrg Ds Rep 1/20 Srs B Prf 0.6 $2.3M 44k 52.97
Tcp Cap Corp note 5.250%12/1 0.6 $2.3M 2.2k 1042.54
Fortive Corporation convertible preferred security 0.6 $2.3M 2.2k 1052.86
Hannon Armstrong Sust Infr C note 4.125% 9/0 0.6 $2.3M 2.2k 1017.74
Via 0.6 $2.2M 79k 28.07
Nxp Semiconductors N V dbcv 1.000% 12/0 0.6 $2.2M 2.1k 1036.58
M&T Bank Corporation (MTB) 0.6 $2.2M 14k 157.02
Spirit Rlty Cap Inc New Note cb 0.6 $2.2M 2.1k 1028.53
Williams Companies (WMB) 0.6 $2.2M 76k 28.72
Marathon Oil Corporation (MRO) 0.6 $2.2M 129k 16.71
Hercules Capital Inc dbcv 4.375% 2/0 0.6 $2.2M 2.2k 994.47
Intl F & F convertible preferred security 0.6 $2.1M 43k 50.11
Sealed Air (SEE) 0.6 $2.1M 46k 46.06
Prudential Financial (PRU) 0.6 $2.1M 23k 91.88
Assurant Inc convertible preferred security 0.6 $2.1M 21k 103.42
Nordstrom 0.6 $2.1M 47k 44.38
Constellation Brands (STZ) 0.6 $2.1M 12k 175.33
Anadarko Petroleum Corporation 0.6 $2.1M 45k 45.48
Applied Materials (AMAT) 0.6 $2.0M 51k 39.66
Csg Sys Intl Inc note 4.250% 3/1 0.6 $2.1M 2.0k 1054.53
Baker Hughes A Ge Company (BKR) 0.6 $2.1M 74k 27.72
Western Union Company (WU) 0.5 $2.0M 108k 18.47
At&t (T) 0.5 $2.0M 64k 31.36
H&R Block (HRB) 0.5 $2.0M 84k 23.94
Zions Bancorporation (ZION) 0.5 $2.0M 44k 45.41
AmerisourceBergen (COR) 0.5 $2.0M 25k 79.52
People's United Financial 0.5 $1.9M 117k 16.44
J.B. Hunt Transport Services (JBHT) 0.5 $1.9M 19k 101.29
International Flavors & Fragrances (IFF) 0.5 $1.9M 15k 128.79
Skyworks Solutions (SWKS) 0.5 $1.9M 24k 82.48
A. O. Smith Corporation (AOS) 0.5 $1.9M 36k 53.32
On Semiconductor Corp note 1.625%10/1 0.5 $1.9M 1.6k 1247.18
Comerica Incorporated (CMA) 0.5 $1.9M 26k 73.32
Regions Financial Corporation (RF) 0.5 $1.9M 135k 14.15
Ares Capital Corp convertible security 0.5 $1.9M 1.9k 1010.69
Campbell Soup Company (CPB) 0.5 $1.9M 49k 38.13
D.R. Horton (DHI) 0.5 $1.9M 45k 41.38
Alexandria Real Estate Equitie conv prf 0.5 $1.9M 49k 37.89
Ameriprise Financial (AMP) 0.5 $1.8M 14k 128.10
Pulte (PHM) 0.5 $1.8M 66k 27.96
Eastman Chemical Company (EMN) 0.5 $1.8M 24k 75.88
Key (KEY) 0.5 $1.8M 116k 15.75
Interdigital Inc 1.5% 3/1/20 convertible bond 0.5 $1.8M 1.7k 1052.36
Packaging Corporation of America (PKG) 0.5 $1.8M 18k 99.38
Citizens Financial (CFG) 0.5 $1.8M 55k 32.50
Citrix Systems Inc conv 0.5 $1.8M 1.3k 1422.45
Dentsply Sirona (XRAY) 0.5 $1.8M 36k 49.59
Lennar Corporation (LEN) 0.5 $1.7M 35k 49.09
Cardinal Health (CAH) 0.5 $1.7M 36k 48.15
South Jersey Inds Inc unit 99/99/9999 0.4 $1.6M 31k 51.65
Bunge Limited 4.875% Cum. Cv. pfd cv 0.4 $1.6M 16k 98.07
Jefferies Finl Group (JEF) 0.4 $1.5M 83k 18.79
Halliburton Company (HAL) 0.4 $1.5M 51k 29.30
Range Resources (RRC) 0.4 $1.5M 130k 11.24
Amg Capital Trust Ii convert (AATRL) 0.4 $1.5M 29k 50.55
Greenbrier Companies Inc convertible security 0.4 $1.4M 1.5k 969.70
Pentair cs (PNR) 0.4 $1.4M 32k 44.51
Synaptics Inc note 0.500% 6/1 0.4 $1.4M 1.5k 925.88
Unum (UNM) 0.4 $1.4M 41k 33.83
Starwood Property Trust Inc convertible security 0.3 $1.2M 1.1k 1041.18
Spdr S&p 500 Etf (SPY) 0.3 $996k 3.5k 282.48
Dycom Inds Inc Note 0.750% 9/1 bond 0.2 $904k 976.00 925.72
Nvent Electric Plc Voting equities (NVT) 0.2 $855k 32k 26.98
American Elec Pwr Co Inc unit 03/15/2022 0.2 $818k 16k 51.10
Broadcom (AVGO) 0.2 $735k 2.4k 300.71
Cisco Systems (CSCO) 0.2 $695k 13k 53.99
Cracker Barrel Old Country Store (CBRL) 0.2 $697k 4.3k 161.61
CVS Caremark Corporation (CVS) 0.2 $700k 13k 53.93
Pepsi (PEP) 0.2 $692k 5.6k 122.55
J.M. Smucker Company (SJM) 0.2 $706k 6.1k 116.50
Legg Mason 0.2 $656k 24k 27.37
United Parcel Service (UPS) 0.2 $658k 5.9k 111.74
Rio Tinto (RIO) 0.2 $676k 12k 58.85
Oneok (OKE) 0.2 $680k 9.7k 69.84
Ladder Capital Corp Class A (LADR) 0.2 $685k 40k 17.02
Johnson & Johnson (JNJ) 0.2 $644k 4.6k 139.79
Altria (MO) 0.2 $638k 11k 57.43
Bce (BCE) 0.2 $645k 15k 44.39
Ares Capital Corporation (ARCC) 0.2 $636k 37k 17.14
Abbvie (ABBV) 0.2 $639k 7.9k 80.59
Industries N shs - a - (LYB) 0.2 $579k 6.9k 84.08
Bank Of Nt Butterfield&son L (NTB) 0.1 $567k 16k 35.88
iShares MSCI France Index (EWQ) 0.1 $477k 16k 29.47
Ishares Tr fltg rate nt (FLOT) 0.1 $483k 9.5k 50.91
Ishares Tr hdg msci germn (HEWG) 0.1 $473k 18k 25.94
Ishares Tr msci cda etf 0.1 $483k 19k 25.85
Ishares Tr msci so korea 0.1 $439k 17k 25.69
Ishares Inc etp (EWT) 0.1 $451k 13k 34.58
Global X Fds glob x nor etf 0.1 $426k 34k 12.49
Crown Castle Intl (CCI) 0.1 $398k 3.1k 128.00
Dominion Resources (D) 0.1 $381k 5.0k 76.66
Boeing Company (BA) 0.1 $388k 1.0k 381.42
Nextera Energy (NEE) 0.1 $375k 1.9k 193.32
iShares Lehman MBS Bond Fund (MBB) 0.1 $356k 3.4k 106.36
Ishares Tr 0-5yr invt gr cp (SLQD) 0.1 $389k 7.7k 50.45
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.1 $342k 6.5k 52.82
Kinder Morgan (KMI) 0.1 $337k 17k 20.01
Epr Pptys conv pfd 9% sr e (EPR.PE) 0.1 $319k 8.4k 37.89
Magellan Midstream Partners 0.1 $312k 5.1k 60.63
Nustar Logistics Lp prf 0.1 $289k 12k 25.14
Morgan Stanley 6.875 Pfd Cal (MS.PF) 0.1 $293k 11k 27.65
Dlr 7 3/8 12/31/49 0.1 $285k 11k 24.98
Vereit Pfd p 0.1 $284k 11k 25.17
Two Harbors Inv Corp p (TWO.PC) 0.1 $283k 12k 24.27
Energy Transfer Partners p 0.1 $281k 11k 25.50
Brunswick Corp 6.5 p (BC.PA) 0.1 $289k 11k 26.08
Energizer Hldgs Inc New 7.5 mcnv pfd a 0.1 $316k 3.3k 97.25
Citizens Financial Group, Inc equity (CFG.PD) 0.1 $290k 11k 26.25
Citigroup Inc. 7.125% prd 0.1 $275k 10k 27.27
Ishares U S Etf Tr int rt hdg c b (IGBH) 0.1 $223k 9.0k 24.66
Bdc 6 3/4 07/15/19 conv prf 0.1 $215k 3.0k 72.38
Franklin Templeton Etf Tr liberty hi yld (FLHY) 0.1 $215k 8.4k 25.53
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $169k 1.4k 119.06
Vanguard Short Term Corporate Bond ETF (VCSH) 0.1 $181k 2.3k 79.76
Vaneck Vec Invt Grade Fltg Rate Etf etf/closed end fund (FLTR) 0.1 $177k 7.0k 25.17
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $133k 1.5k 86.47
Ishares Tr conv bd etf (ICVT) 0.0 $104k 1.8k 57.96
Invesco Actively Managd Etf Ultra Shrt Dur etf/fixed income (GSY) 0.0 $115k 2.3k 50.28
iShares Barclays TIPS Bond Fund (TIP) 0.0 $23k 200.00 113.07