Laffer Tengler Investments, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Laffer Tengler Investments, Inc. reported 384 stock positions worth $384.0 million. Its top holding was Apple (AAPL) at 4.8% of the portfolio, followed by Broadcom (AVGO, 4.7%) and Microsoft (MSFT, 4.7%). Compared with Q1 2024, it opened 54 new positions, sold out of 71, added to 124 and reduced 56. The biggest buy was US Bancorp (USB, shares +15172%) and the biggest sale United Parcel Service Class B (UPS, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $384.0M (Q2 2024)
- SEC Filing
- 0001376474-24-000452 ↗ filed Aug 14, 2024
Holdings Value
Holdings 384 stocks · $384.0M
| AAPL Apple Inc. | 4.78% | 87,187 | $18.4M | Add +49.0% |
| AVGO Broadcom Inc. | 4.71% | 11,267 | $18.1M | Add +25.6% |
| MSFT Microsoft Corp. | 4.68% | 40,193 | $18.0M | Add +10.8% |
| AXP American Express Co. | 2.97% | 49,198 | $11.4M | Add +15.2% |
| JPM JPMorgan Chase & Co. | 2.82% | 53,504 | $10.8M | Add +7.8% |
| CVX Chevron Corp. | 2.73% | 67,033 | $10.5M | Add +26.7% |
| USB US Bancorp | 2.63% | 253,967 | $10.1M | Add +15171.6% |
| LRCX Lam Research Corp. | 2.58% | 9,311 | $9.9M | Add +9.3% |
| GS Goldman Sachs Group Inc. | 2.58% | 21,881 | $9.9M | Add +16.4% |
| ORCL Oracle Corp. | 2.47% | 67,287 | $9.5M | Add +7.5% |
| ABBV Abbvie Inc. | 2.46% | 55,096 | $9.5M | Add +27.1% |
| HD Home Depot Inc. | 2.34% | 26,110 | $9.0M | Add +12.4% |
| JNJ Johnson & Johnson | 2.27% | 59,548 | $8.7M | Add +20.5% |
| WMT Walmart Inc. | 2.22% | 126,102 | $8.5M | Add +16.8% |
| AMZN Amazon.com Inc. | 2.18% | 43,370 | $8.4M | Add +29.6% |
| GOOGL Alphabet Inc. Class A | 1.99% | 41,934 | $7.6M | Add +105.6% |
| RTX RTX Corp. | 1.89% | 72,214 | $7.2M | Add +76.7% |
| EMR Emerson Electric Co. | 1.78% | 62,060 | $6.8M | Add +32.8% |
| STLD Steel Dynamics Inc. | 1.74% | 51,607 | $6.7M | Add +8.1% |
| CARR Carrier Global Corp. | 1.74% | 105,829 | $6.7M | Add +7.7% |
| MCD McDonald's Corp. | 1.73% | 26,117 | $6.7M | Add +4.6% |
| NXPI NXP Semiconductors NV | 1.63% | 23,189 | $6.2M | Add +6.5% |
| TXN Texas Instruments Inc. | 1.59% | 31,403 | $6.1M | Add +3.5% |
| PANW Palo Alto Networks Inc. | 1.56% | 17,666 | $6.0M | Add +45.1% |
| NOW ServiceNow Inc. | 1.54% | 7,494 | $5.9M | Add +36.5% |
| LHX L3HARRIS Technologies Inc. | 1.39% | 23,697 | $5.3M | Add +5.5% |
| EOG EOG Resources Inc. | 1.33% | 40,457 | $5.1M | Add +5.3% |
| PEP Pepsico Inc. | 1.25% | 29,194 | $4.8M | Add +6.6% |
| CMG Chipotle Mexican Grill Inc. | 1.25% | 76,373 | $4.8M | Add +29.2% |
| COST Costco Wholesale Corp. | 1.22% | 5,510 | $4.7M | Add +45.9% |
| ADBE Adobe Inc. | 1.20% | 8,272 | $4.6M | Add +37.8% |
| SBUX Starbucks Corp. | 1.18% | 58,008 | $4.5M | Add +20.2% |
| BAM Brookfield Asset Mgmt-A | 1.16% | 117,388 | $4.5M | Add +6.8% |
| MDT Medtronic PLC | 1.02% | 49,879 | $3.9M | Reduce -14.4% |
| PLD Prologis Inc. | 1.00% | 34,191 | $3.8M | Add +6.3% |
| ITW Illinois Tool Works | 0.97% | 15,693 | $3.7M | Reduce -15.1% |
| LMT Lockheed Martin Corp. | 0.84% | 6,908 | $3.2M | Add +815.0% |
| DELL Dell Technologies -C | 0.77% | 21,382 | $2.9M | New |
| SPOT Spotify Technology SA | 0.77% | 9,382 | $2.9M | Add +17.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | 0.71% | 2,714 | $2.7M | Reduce -6.9% |
| XYL Xylem Inc. | 0.71% | 19,965 | $2.7M | Add +19.9% |
| TSLA Tesla Inc. | 0.70% | 13,649 | $2.7M | Add +21.1% |
| FANG Diamondback Energy Inc. | 0.70% | 13,339 | $2.7M | Add +18.4% |
| NVDA Nvidia Corp. | 0.67% | 20,893 | $2.6M | Add +31.6% |
| SYK Stryker Corp. | 0.55% | 6,237 | $2.1M | Add +187.0% |
| PWR Quanta Services Inc. | 0.52% | 7,912 | $2.0M | Add +673.4% |
| UBER Uber Technologies Inc. | 0.52% | 27,618 | $2.0M | Add +18.4% |
| EQIX Equinix Inc. | 0.52% | 2,617 | $2.0M | Add +1.0% |
| V Visa Inc. Class A | 0.50% | 7,309 | $1.9M | Add +23.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.49% | 4,952 | $1.9M | Add +164.4% |
| MSI Motorola Solutions Inc. | 0.47% | 4,650 | $1.8M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | 0.47% | 1,500 | $1.8M | No change |
| HON Honeywell International Inc. | 0.46% | 8,290 | $1.8M | Reduce -41.1% |
| VRIG Invesco Variable Rate Invest filed as POWERSHARES ACTIVELY MANAGED | 0.45% | 69,401 | $1.7M | Add +46.4% |
| ETN Eaton Corp. PLC | 0.45% | 5,483 | $1.7M | Add +16515.2% |
| J Jacobs Solutions Inc. | 0.44% | 12,202 | $1.7M | Add +19.3% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.44% | 39,973 | $1.7M | Add +98.6% |
| FLTR Vaneck Ig Floating Rate ETF | 0.42% | 63,321 | $1.6M | Add +49.9% |
| JAZZ Jazz Pharmaceuticals PLC | 0.37% | 13,450 | $1.4M | New |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.36% | 26,957 | $1.4M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 2,792 | $1.3M | Add +23.9% |
| TFLO iShares Treasury Floating Ra | 0.33% | 24,682 | $1.3M | Reduce -7.3% |
| ETF OPPORTUNITIES TRUST | 0.32% | 44,961 | $1.2M | Add +83.4% |
| WM Waste Management Inc. | 0.30% | 5,396 | $1.2M | Add +11630.4% |
| CMCSA Comcast Corp. Class A | 0.27% | 26,549 | $1.0M | Add +1.5% |
| PH Parker Hannifin Corp. | 0.26% | 2,000 | $1.0M | New |
| NKE Nike Inc. Class B | 0.26% | 13,315 | $1.0M | Add +22.0% |
| GOOG Alphabet Inc. Class C | 0.25% | 5,280 | $968K | Add +32.7% |
| PG The Procter & Gamble Co. | 0.24% | 5,664 | $934K | Add +6.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 1,702 | $926K | Add +23.8% |
| IVW iShares S&P 500 Growth ETF | 0.24% | 9,937 | $920K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 1,804 | $864K | No change |
| AMGN Amgen Inc. | 0.22% | 2,758 | $862K | Add +2.5% |
| FIRSTENERGY CORP (FE 4 05/01/26) | 0.20% | 763 | $765K | New |
| HYBB iShares BB Rated Corp. Bond | 0.19% | 15,996 | $736K | New |
| CSCO Cisco Systems Inc. | 0.18% | 14,808 | $704K | Reduce -0.5% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 25,683 | $651K | New |
| HTLF Heartland Financial USA Inc. | 0.15% | 12,996 | $578K | No change |
| LIN Linde PLC | 0.15% | 1,302 | $571K | Add +71.1% |
| CRM Salesforce Inc. | 0.14% | 2,139 | $550K | Reduce -52.5% |
| NHMAX Nuveen High YLD Muni BND-A | 0.14% | 35,494 | $541K | No change |
| PSA Public Storage | 0.14% | 1,806 | $519K | Reduce -73.3% |
| ICLR Icon PLC | 0.13% | 1,650 | $517K | New |
| CAT Caterpillar Inc. | 0.13% | 1,497 | $499K | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.13% | 550 | $498K | Add +266.7% |
| KO The Coca-Cola Co. | 0.13% | 7,657 | $487K | Add +0.0% |
| MELI MercadoLibre Inc. | 0.12% | 285 | $468K | New |
| NVR NVR Inc. | 0.12% | 60 | $455K | No change |
| BX Blackstone Inc. | 0.12% | 3,600 | $446K | No change |
| PM Philip Morris International | 0.11% | 4,223 | $428K | Add +394.5% |
| BA The Boeing Co. | 0.11% | 2,325 | $423K | Add +220.7% |
| TRAIX T Rowe PR Captl Apprec-I | 0.10% | 10,339 | $376K | No change |
| TGT Target Corp. | 0.10% | 2,534 | $375K | Add +0.1% |
| SCCO Southern Copper Corp. | 0.10% | 3,479 | $375K | Reduce -8.2% |
| UNH Unitedhealth Group Inc. | 0.10% | 732 | $373K | Add +3.5% |
| LYB Lyondellbasell Indu Class A | 0.10% | 3,853 | $369K | Add +358.1% |
| SELF Global Self Storage Inc. | 0.10% | 75,589 | $367K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 9,047 | $360K | Add +88.7% |
| XOM Exxon Mobil Corp. | 0.09% | 3,092 | $356K | Add +3.9% |
| CL Colgate-Palmolive Co. | 0.09% | 3,605 | $350K | No change |
Other holdings (9): bonds, preferreds, convertibles and warrants · $14.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 60,760 | $4.0M | Reduce -6.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,250 | $3.9M | Reduce -6.4% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,261 | $3.9M | Reduce -6.3% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 34,815 | $1.6M | Reduce -6.6% |
| AMG CAPITAL TRUST II (AMG 5.15 10/15/37) | CONV PRF | 21,829 | $1.1M | Reduce -9.2% |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | 3,000 | $75K | No change |
| EIDP INC (CTVA 4.5 PERP +B) | PFD | 1,000 | $70K | No change |
| GOLDMAN SACHS GROUP INC (GS F PERP D) | Preferred Stock | 2,572 | $59K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 184 | $8K | No change |
Total filed on the 13F, all lines: $398.7M.
Portfolio Sells Q1 2024 → Q2 2024
| UPS United Parcel Service Class B | Reduce -91.1% | 0.07% | −0.98 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | Reduce -6.7% | 0.00% | −0.75 |
| ITW Illinois Tool Works | Reduce -15.1% | 0.97% | −0.66 |
| MDT Medtronic PLC | Reduce -14.4% | 1.02% | −0.64 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.52 |
| PSA Public Storage | Reduce -73.3% | 0.14% | −0.51 |
| HON Honeywell International Inc. | Reduce -41.1% | 0.46% | −0.48 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.42 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.40 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Sold out | 0.00% | −0.40 |
| CRM Salesforce Inc. | Reduce -52.5% | 0.14% | −0.30 |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | Reduce -16.7% | 0.00% | −0.27 |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | Reduce -6.9% | 0.71% | −0.23 |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | Reduce -17.3% | 0.00% | −0.21 |
| NEAR iShares SH Dba ETF Usd Inc. | Sold out | 0.00% | −0.21 |
| TFLO iShares Treasury Floating Ra | Reduce -7.3% | 0.33% | −0.12 |
| UTIXX Federated Hermes US TR-Inst | Reduce -88.5% | 0.01% | −0.10 |
| EWQ iShares MSCI France ETF | Sold out | 0.00% | −0.08 |
| FLGB Franklin Ftse United Kingdom | Sold out | 0.00% | −0.07 |
| EWC iShares MSCI Canada ETF | Sold out | 0.00% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -0.5% | 0.18% | −0.06 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.06 |
| CAT Caterpillar Inc. | Reduce -0.6% | 0.13% | −0.05 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.04 |
| PONPX PIMCO Income Fund-I2 | Sold out | 0.00% | −0.04 |
| SCHI Schwab 5-10 Year Corporate B | Sold out | 0.00% | −0.04 |
| PLSFX Aristotle Strategic Inc.-I2 | Sold out | 0.00% | −0.04 |
| PALL Abrdn Physical Palladium SHS | Sold out | 0.00% | −0.03 |
| SCCO Southern Copper Corp. | Reduce -8.2% | 0.10% | −0.03 |
| TIBIX Thornburg Invest Inc. BLD-I | Sold out | 0.00% | −0.03 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.03 |
| CVS CVS Health Corp. | Reduce -30.6% | 0.02% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.03 |
| ALB Albemarle Corp. | Reduce -78.6% | 0.00% | −0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Sold out | 0.00% | −0.03 |
| FXY Invesco Currencyshares Japan | Sold out | 0.00% | −0.03 |
| OILK Pros K-1 Free CR Oil ETF-Usd | Sold out | 0.00% | −0.02 |
| XAR SS SPDR S&P Aerospace Def | Reduce -67.9% | 0.01% | −0.02 |
| HFQIX Janus Hndrsn GL Eq Inc. Class I | Sold out | 0.00% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.02 |
| MET Metlife Inc. | Reduce -1.4% | 0.06% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.02 |
| SCHR Schwab Intermediate-Term US | Sold out | 0.00% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -6.8% | 0.07% | −0.02 |
| FNDA Schwab Fndmntl US SM Co. ETF | Sold out | 0.00% | −0.02 |
| SGOL Abrdn Physical Gold Shares | Reduce -44.4% | 0.02% | −0.02 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Sold out | 0.00% | −0.02 |
| PRHSX T Rowe PR Health Science-Inv | Sold out | 0.00% | −0.02 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| USB US Bancorp | Add +15171.6% | 2.63% | +2.60 |
| AAPL Apple Inc. | Add +49.0% | 4.78% | +1.50 |
| GOOGL Alphabet Inc. Class A | Add +105.6% | 1.99% | +0.98 |
| AVGO Broadcom Inc. | Add +25.6% | 4.71% | +0.82 |
| DELL Dell Technologies -C | New | 0.77% | +0.77 |
| LMT Lockheed Martin Corp. | Add +815.0% | 0.84% | +0.73 |
| RTX RTX Corp. | Add +76.7% | 1.89% | +0.58 |
| MSI Motorola Solutions Inc. | New | 0.47% | +0.47 |
| ETN Eaton Corp. PLC | Add +16515.2% | 0.45% | +0.44 |
| PWR Quanta Services Inc. | Add +673.4% | 0.52% | +0.44 |
| PANW Palo Alto Networks Inc. | Add +45.1% | 1.56% | +0.43 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.37% | +0.37 |
| CLOA iShares Aaa Clo Act ETF-Usdi | New | 0.36% | +0.36 |
| COST Costco Wholesale Corp. | Add +45.9% | 1.22% | +0.31 |
| SYK Stryker Corp. | Add +187.0% | 0.55% | +0.30 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +164.4% | 0.49% | +0.30 |
| WM Waste Management Inc. | Add +11630.4% | 0.30% | +0.30 |
| PH Parker Hannifin Corp. | New | 0.26% | +0.26 |
| AMZN Amazon.com Inc. | Add +29.6% | 2.18% | +0.21 |
| ADBE Adobe Inc. | Add +37.8% | 1.20% | +0.21 |
| NVDA Nvidia Corp. | Add +31.6% | 0.67% | +0.20 |
| FIRSTENERGY CORP (FE 4 05/01/26) | New | 0.20% | +0.20 |
| HYBB iShares BB Rated Corp. Bond | New | 0.19% | +0.19 |
| PLTR Palantir Technologies Inc. Class A | New | 0.17% | +0.17 |
| NOW ServiceNow Inc. | Add +36.5% | 1.54% | +0.17 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +98.6% | 0.44% | +0.16 |
| ICLR Icon PLC | New | 0.13% | +0.13 |
| MELI MercadoLibre Inc. | New | 0.12% | +0.12 |
| CMG Chipotle Mexican Grill Inc. | Add +29.2% | 1.25% | +0.12 |
| ETF OPPORTUNITIES TRUST | Add +83.4% | 0.32% | +0.10 |
| WMT Walmart Inc. | Add +16.8% | 2.22% | +0.10 |
| SELF Global Self Storage Inc. | New | 0.10% | +0.10 |
| LLY Eli Lilly & Co. | Add +266.7% | 0.13% | +0.09 |
| PM Philip Morris International | Add +394.5% | 0.11% | +0.09 |
| AMAT Applied Materials Inc. | Add +11150.0% | 0.08% | +0.08 |
| POAGX Primecap Odyssey Aggr GRW | New | 0.08% | +0.08 |
| SPOT Spotify Technology SA | Add +17.6% | 0.77% | +0.08 |
| HSY The Hershey Co. | Add +676.7% | 0.09% | +0.08 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.07% | +0.07 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.07% | +0.07 |
| FLTR Vaneck Ig Floating Rate ETF | Add +49.9% | 0.42% | +0.07 |
| LYB Lyondellbasell Indu Class A | Add +358.1% | 0.10% | +0.07 |
| VDIGX Vanguard Dividend Growth-Inv | New | 0.07% | +0.07 |
| VRIG Invesco Variable Rate Invest | Add +46.4% | 0.45% | +0.07 |
| BA The Boeing Co. | Add +220.7% | 0.11% | +0.06 |
| SXI Standex International Corp. | New | 0.06% | +0.06 |
| CGCCX Apollo Diversified Credit-C | New | 0.06% | +0.06 |
| DAX Global X Dax Germany ETF | New | 0.06% | +0.06 |
| EWD iShares MSCI Sweden ETF | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +21.1% | 0.70% | +0.05 |
Notes & Other Activity Q1 2024 → Q2 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -6.6% | 60,760 | $4.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -6.4% | 3,250 | $3.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -6.3% | 3,261 | $3.9M |
| UGI CORP (UGI 7.25 06/01/24) | UNIT 06/01/2024 | Sold out | 30,590 | $1.8Mbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -6.6% | 34,815 | $1.6M |
| AMG CAPITAL TRUST II (AMG 5.15 10/15/37) | CONV PRF | Reduce -9.2% | 21,829 | $1.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 167 | $671.2M | LRCX, GS, AVGO, GOOGL, AXP |
| Q1 2026 | 141 | $574.1M | GS, LRCX, AVGO, MSFT, GOOGL |
| Q4 2025 | 172 | $570.8M | AVGO, GS, MSFT, AXP, LRCX |
| Q3 2025 | 122 | $532.4M | AVGO, MSFT, GS, AXP, JPM |
| Q2 2025 | 154 | $468.6M | AVGO, MSFT, GS, AAPL, AXP |
| Q1 2025 | 123 | $377.9M | MSFT, AVGO, GS, AXP, WMT |
| Q4 2024 | 139 | $413.8M | AVGO, MSFT, AXP, GS, WMT |
| Q3 2024 | 167 | $409.7M | AAPL, AVGO, MSFT, AXP, USB |
| Q2 2024 | 384 | $384.0M | AAPL, AVGO, MSFT, AXP, JPM |
| Q1 2024 | 399 | $305.5M | MSFT, AVGO, AAPL, JPM, AXP |