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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $305.5M Q1 2024 Q2 2024: $384.0M $384.0M Q2 2024 Q3 2024: $409.7M Q3 2024 Q4 2024: $413.8M Q4 2024 Q1 2025: $377.9M Q1 2025 Q2 2025: $468.6M Q2 2025 Q3 2025: $532.4M Q3 2025 Q4 2025: $570.8M Q4 2025 Q1 2026: $574.1M Q1 2026 Q2 2026: $671.2M Q2 2026

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
HSY The Hershey Co. 0.09% 1,903 $350K Add +676.7%
ABT Abbott Laboratories 0.09% 3,288 $342K No change
META Meta Platforms Inc. Class A 0.09% 659 $332K No change
TLRY Tilray Brands Inc. 0.08% 195,656 $325K No change
COP Conocophillips 0.08% 2,787 $319K No change
AMAT Applied Materials Inc. 0.08% 1,350 $319K Add +11150.0%
PGR Progressive Corp. 0.08% 1,528 $317K No change
NEE Nextera Energy Inc. 0.08% 4,401 $312K Add +3.5%
POAGX Primecap Odyssey Aggr GRW 0.08% 6,801 $309K New
GIS General Mills Inc. 0.08% 4,849 $307K No change
SCHW Schwab (charles) Corp. 0.08% 4,025 $297K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 2,817 $280K Add +5.0%
ISRG Intuitive Surgical Inc. 0.07% 618 $275K No change
MS Morgan Stanley 0.07% 2,826 $275K Add +83.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.07% 700 $274K New
HLT Hilton Worldwide Holdings Inc. 0.07% 1,250 $273K New
VWO Vanguard Ftse Emerging Marke 0.07% 6,227 $272K Reduce -6.8%
SPG Simon Property Group Inc. 0.07% 1,766 $268K Add +74.0%
UPS United Parcel Service Class B 0.07% 1,922 $263K Reduce -91.1%
FSLR First Solar Inc. 0.07% 1,165 $263K Add +8.2%
VDIGX Vanguard Dividend Growth-Inv 0.07% 6,585 $251K New
VUG Vanguard Mrngstar GR ETF-Sui 0.07% 671 $251K Reduce -5.6%
TRV The Travelers Cos Inc. 0.06% 1,217 $247K No change
MET Metlife Inc. 0.06% 3,480 $244K Reduce -1.4%
VZ Verizon Communications Inc. 0.06% 5,892 $243K Add +8.3%
SXI Standex International Corp. 0.06% 1,500 $242K New
CGCCX Apollo Diversified Credit-C 0.06% 10,898 $238K New
FCX Freeport-McMoran Inc. 0.06% 4,731 $230K Add +5.4%
NRG NRG Energy Inc. 0.06% 2,920 $227K No change
DRI Darden Restaurants Inc. 0.06% 1,468 $222K Add +0.4%
VOOG Vanguard S&P 500 Growth ETF 0.06% 657 $219K No change
EWY iShares MSCI South Korea ETF 0.06% 3,255 $215K Add +1.2%
INDA iShares MSCI India ETF 0.06% 3,843 $214K Reduce -5.4%
DAX Global X Dax Germany ETF 0.06% 6,749 $214K New
EWD iShares MSCI Sweden ETF 0.06% 5,320 $214K New
EWA iShares MSCI Australia ETF 0.06% 8,752 $214K Add +3.9%
VNM Vaneck Vietnam ETF 0.06% 17,422 $212K Add +37.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.06% 7,382 $211K Add +3.2%
MDLZ Mondelez International Inc. Class A 0.05% 3,196 $209K Add +7.2%
SPGI S&P Global Inc. 0.05% 462 $206K No change
SO The Southern Co. 0.05% 2,600 $202K No change
TECK Teck Resources Ltd.-CLS B 0.05% 4,104 $197K Add +8.2%
MMM 3M Co. 0.05% 1,783 $182K Add +9.3%
VGT Vanguard Info Tech ETF 0.05% 306 $176K No change
INTC Intel Corp. 0.05% 5,656 $175K No change
BIP Brookfield Infrastructure Pa 0.05% 6,349 $174K Add +0.3%
csusper421432 0.05% 13,387 $174K New
FZAJX Fidelity Adv Intl Grwth-Z 0.05% 8,546 $174K New
IJR iShares Core S&P Small-Cap E 0.04% 1,610 $172K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 959 $166K Add +0.3%
PFE Pfizer Inc. 0.04% 5,521 $154K Add +0.0%
SBGSY Schneider Elect SE-Unsp ADR 0.04% 3,206 $154K New
PAAS Pan American Silver Corp. 0.04% 7,752 $154K Add +8.2%
BG Bunge Global SA 0.04% 1,419 $152K No change
T AT&T Inc. 0.04% 7,860 $150K Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 358 $146K Add +105.8%
DD Dupont DE Nemours Inc. 0.04% 1,767 $142K No change
WPM Wheaton Precious Metals Corp. 0.04% 2,658 $139K Add +8.2%
MKC McCormick & Co.-Non VTG SHRS 0.04% 1,895 $134K Add +13.3%
MRK Merck & Co. Inc. 0.03% 1,064 $132K No change
MRVL Marvell Technology Inc. 0.03% 1,850 $129K Add +1508.7%
COF Capital One Financial Corp. 0.03% 892 $123K No change
EISMX Eaton Vance Atl Cap Smid-I 0.03% 3,044 $123K No change
FITB Fifth Third Bancorp 0.03% 3,325 $121K No change
OKE Oneok Inc. 0.03% 1,400 $114K No change
WFC Wells Fargo & Co. 0.03% 1,903 $113K Reduce -4.0%
FNF Fidelity National Financial 0.03% 2,280 $113K No change
WEC WEC Energy Group Inc. 0.03% 1,424 $112K No change
PLTM Graniteshares Platinum Trust 0.03% 11,444 $111K Add +8.2%
PFG Principal Financial Group 0.03% 1,392 $109K No change
ADM Archer-Daniels-Midland Co. 0.03% 1,786 $108K No change
CCJ Cameco Corp. 0.03% 2,177 $107K New
XYLD Global X S&P 500 Cove Call E 0.03% 2,630 $106K New
QCOM Qualcomm Inc. 0.03% 507 $101K Reduce -6.5%
IWF iShares Russell 1000 Growth 0.03% 277 $101K No change
PRU Prudential Financial Inc. 0.03% 852 $100K Add +1.4%
UNP Union Pacific Corp. 0.03% 438 $99K No change
RIO Rio Tinto PLC-Spon ADR 0.03% 1,500 $99K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.03% 1,620 $97K No change
WMB Williams Cos Inc. 0.03% 2,265 $96K Add +1756.6%
FDX FedEx Corp. 0.02% 317 $95K No change
ARCC Ares Capital Corp. 0.02% 4,555 $95K Add +1.4%
BDX Becton Dickinson and Co. 0.02% 400 $93K No change
GLW Corning Inc. 0.02% 2,393 $93K Reduce -4.2%
OXY Occidental Petroleum Corp. 0.02% 1,473 $93K No change
CSX CSX Corp. 0.02% 2,772 $93K Reduce -2.6%
FXAIX Fidelity 500 Index Fund 0.02% 487 $93K No change
VTR Ventas Inc. 0.02% 1,778 $91K No change
SNA Snap-on Inc. 0.02% 325 $85K Add +1.9%
CVS CVS Health Corp. 0.02% 1,433 $85K Reduce -30.6%
EXR Extra Space Storage Inc. 0.02% 530 $82K Add +0.4%
HPQ HP Inc. 0.02% 2,334 $82K New
ENB Enbridge Inc. 0.02% 2,234 $80K Add +1.4%
DUK Duke Energy Corp. 0.02% 756 $76K No change
GE General Electric filed as GE AEROSPACE 0.02% 473 $75K No change
CTVA Corteva Inc. 0.02% 1,372 $74K No change
DOW Dow Inc. 0.02% 1,372 $73K No change
RSP Invesco S&P 500 Equal Weight 0.02% 440 $72K No change
IWM iShares Russell 2000 ETF 0.02% 350 $71K No change
VONOY Vonovia SE-Unsp ADR 0.02% 4,900 $69K New
FKTFX Franklin Ca Tax-FR Inc.-A1 0.02% 9,876 $68K No change
CIM REAL ESTATE FINANCE TRUST INC 0.02% 11,055 $67K New
BBY Best Buy Co. Inc. 0.02% 790 $67K Add +1.5%
MPLX MPLX LP 0.02% 1,549 $66K Add +1.2%
CION Cion Investment Corp. 0.02% 5,418 $66K New
SGOL Abrdn Physical Gold Shares 0.02% 2,927 $65K Reduce -44.4%
SOPYX Clearbridge Div Strategy-I 0.01% 1,876 $57K Reduce -2.2%
ITA iShares U.S. Aerospace & Def 0.01% 400 $53K No change
AMD Advanced Micro Devices 0.01% 316 $51K Add +216.0%
K Kellanova 0.01% 865 $50K No change
BCE Bce Inc. 0.01% 1,474 $48K Add +1.4%
DODGX Dodge & Cox Stock-I 0.01% 184 $47K No change
ARE Alexandria Real Estate Equit 0.01% 381 $45K Add +1.9%
BMY Bristol-Myers Squibb Co. 0.01% 930 $39K Reduce -7.0%
KMI Kinder Morgan Inc. 0.01% 1,931 $38K Add +1.7%
DE Deere & Co. 0.01% 100 $37K No change
UTIXX Federated Hermes US TR-Inst 0.01% 37,301 $37K Reduce -88.5%
LVMUY LVMH Moet Hennessy-Unsp ADR 0.01% 241 $37K No change
CEG Constellation Energy 0.01% 183 $37K No change
NMCO Nuveen Municipal Credit Opp 0.01% 3,300 $36K No change
NDMO Nuveen Dynamic Municipal Opp 0.01% 3,200 $35K No change
OTIS Otis Worldwide Corp. 0.01% 335 $32K No change
FDYZX Franklin Dynatech Fund-Adv 0.01% 187 $32K No change
TMO Thermo Fisher Scientific Inc. 0.01% 58 $32K No change
SHLD Global X Defense Tech ETF 0.01% 963 $32K New
XAR SS SPDR S&P Aerospace Def 0.01% 227 $32K Reduce -67.9%
BIPC Brookfield Infrastructure-A 0.01% 889 $30K Add +1.7%
ZTS Zoetis Inc. 0.01% 147 $25K Add +206.3%
APD Air Products & Chemicals Inc. 0.01% 93 $24K Add +244.4%
WBA Walgreens Boots Alliance Inc. 0.01% 1,945 $24K No change
LRLCY L'oreal-Unsponsored ADR 0.01% 267 $23K New
SAP Sap SE-Sponsored ADR 0.01% 109 $22K New
SOLV Solventum Corp. 0.01% 405 $21K Reduce -0.7%
NVO Novo-Nordisk A/S-Spons ADR 0.01% 149 $21K Add +5.7%
DLY Doubleline Yield Opport 0.01% 1,300 $21K No change
GEV GE Vernova Inc. 0.01% 118 $20K No change
EXC Exelon Corp. 0.01% 550 $19K No change
VEEV Veeva Systems Inc. Class A 0.00% 100 $18K New
DHR Danaher Corp. 0.00% 73 $18K No change
GXO Gxo Logistics Inc. 0.00% 348 $18K New
MGM MGM Resorts International 0.00% 387 $17K New
MNST Monster Beverage Corp. 0.00% 338 $17K New
SOFI Sofi Technologies Inc. 0.00% 2,548 $17K New
VFC VF Corp. 0.00% 1,172 $16K No change
AOM iShares Core 40/60 Moderate 0.00% 363 $16K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 137 $15K No change
IJH iShares Core S&P Midcap ETF 0.00% 255 $15K No change
CMS CMS Energy Corp. 0.00% 250 $15K New
GENI Genius Sports Ltd. 0.00% 2,727 $15K New
TRBCX T Rowe PR Blue Chip Grow-Inv filed as ROWE T PRICE BLUE CHIP GROWTH 0.00% 79 $15K No change
BDFIX Baron Discovery Fund-Inst 0.00% 542 $15K No change
GTLS Chart Industries Inc. 0.00% 100 $14K No change
ES Eversource Energy 0.00% 252 $14K New
ALB Albemarle Corp. 0.00% 149 $14K Reduce -78.6%
JCAPX Janus Henderson Forty-I 0.00% 243 $14K No change
WBD Warner Bros Discovery Inc. 0.00% 1,875 $14K No change
CELH Celsius Holdings Inc. 0.00% 242 $14K New
PYPL PayPal Holdings Inc. 0.00% 230 $13K Add +7566.7%
ASML ASML Holding NV-NY Reg SHS 0.00% 13 $13K No change
APH Amphenol Corp. Class A 0.00% 196 $13K No change
TSCO Tractor Supply Company 0.00% 48 $13K No change
XYZ Block Inc. 0.00% 200 $13K Reduce -2.0%
GLD SPDR Gold Shares 0.00% 59 $13K New
STAG Stag Industrial Inc. 0.00% 350 $13K New
ABALX American Balanced Fund-A 0.00% 364 $13K New
VIS Vanguard Industrials ETF 0.00% 53 $12K No change
PDBC Invesco Optimum Yield Divers 0.00% 874 $12K New
RACE Ferrari NV 0.00% 30 $12K No change
GEHC GE Healthcare Technology 0.00% 157 $12K No change
FEMKX Fidelity Emerging Market 0.00% 305 $12K No change
REGN Regeneron Pharmaceuticals 0.00% 11 $12K No change
LEAFLY HOLDINGS INC 0.00% 5,529 $11K No change
KTB Kontoor Brands Inc. 0.00% 166 $11K No change
AES AES Corp. 0.00% 600 $11K Add +140.0%
BALANCED POOL 0.00% 121 $10K Reduce -11.7%
CWEN Clearway Energy Inc. Class C 0.00% 400 $10K New
CHD Church & Dwight Co. Inc. 0.00% 92 $10K No change
CMI Cummins Inc. 0.00% 34 $9K No change
SFLNX Schwab Fndmntl US LRG Comp 0.00% 318 $8K No change
CLX Clorox Company 0.00% 59 $8K No change
CNI Canadian Natl Railway Co. 0.00% 68 $8K No change
ADP Automatic Data Processing 0.00% 33 $8K No change
CTSH Cognizant Tech Solutions-A 0.00% 114 $8K No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.00% 48 $8K No change
ADSK Autodesk Inc. 0.00% 31 $8K No change
ACN Accenture PLC Class A 0.00% 25 $8K Reduce -32.4%
BIOIX Baron Opportunity Fund-Inst 0.00% 159 $7K No change
FKAIX FH Kaufmann Small Cap-Is filed as FEDERATED HERMES EQUITY FUNDS FH KAUFMAN SM IS 0.00% 145 $7K No change
PRGTX T Rowe PR Global Tech-Inv filed as PRICE T ROWE GROUP INC BEN INT 0.00% 332 $7K No change
BR Broadridge Financial Solutio 0.00% 33 $7K No change
ORLY O'reilly Automotive Inc. 0.00% 6 $6K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 7 $6K No change
DOX Amdocs Ltd. 0.00% 76 $6K No change
LH Labcorp Holdings Inc. 0.00% 29 $6K No change
NEWFX Amer FNDS New World-A filed as AMERICAN FUNDS NEW WORLD 0.00% 73 $6K No change
FG F&G Annuities & Life Inc. 0.00% 154 $6K No change
LOW Lowe's Cos Inc. 0.00% 26 $6K Reduce -43.5%
AFL Aflac Inc. 0.00% 65 $6K No change
SWVXX Schwa Prime Adv Money FD-Inv filed as SCHWAB VALUE ADVANTAGE MONEY INVESTOR SHARES 0.00% 5,529 $6K Reduce -82.8%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.00% 200 $6K New
GPC Genuine Parts Co. 0.00% 39 $5K No change
HRL Hormel Foods Corp. 0.00% 167 $5K No change
BHF Brighthouse Financial Inc. 0.00% 117 $5K No change
HSIC Henry Schein Inc. 0.00% 79 $5K No change
KD Kyndryl Holdings Inc. 0.00% 187 $5K No change
FKINX Franklin Income Fund-A1 0.00% 2,040 $5K Add +1.4%
NRG ENERGY INC (NRG 2.75 06/01/48) 0.00% 2,252 $4K Reduce -6.9%
BP BP PLC-Spons ADR 0.00% 117 $4K Add +24.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.00% 46 $4K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 24 $4K No change
ELV Elevance Health Inc. 0.00% 7 $4K No change
NSC Norfolk Southern Corp. 0.00% 18 $4K No change
PHM Pultegroup Inc. 0.00% 34 $4K No change
UEC Uranium Energy Corp. 0.00% 600 $4K No change
KLG WK Kellogg Co. 0.00% 216 $4K No change
BWXT BWX Technologies Inc. 0.00% 35 $3K Add +52.2%
FOXA Fox Corp. Class A 0.00% 95 $3K No change
WAB Wabtec Corp. 0.00% 20 $3K No change
BLK BlackRock Finance Inc. 0.00% 4 $3K No change
GILD Gilead Sciences Inc. 0.00% 45 $3K No change
NSRGY Nestle SA-Spons ADR 0.00% 29 $3K Add +16.0%
STZ Constellation Brands Inc. Class A 0.00% 12 $3K Add +50.0%
DEXCOM INC (DXCM 0.25 11/15/25) 0.00% 2,852 $3K Reduce -6.8%
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) 0.00% 2,629 $3K Reduce -6.5%
BUD Anheuser-Busch Inbev-SPN ADR 0.00% 48 $3K No change
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) 0.00% 1,320 $3K Reduce -6.0%
TWO HARBORS INV CORP (TWO 6.25 01/15/26) 0.00% 2,666 $3K Reduce -6.7%
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) 0.00% 2,909 $3K Reduce -6.6%
FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO DEL 0.00% 2,650 $3K Reduce -6.0%
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) 0.00% 2,539 $3K Reduce -7.4%
DUKE ENERGY CORP (DUK 4.125 04/15/26) 0.00% 2,599 $3K New
GRMN Garmin Ltd. 0.00% 16 $3K Add +14.3%
MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) 0.00% 2,443 $3K Reduce -6.6%
SOUTHERN CO (SO 3.875 12/15/25) 0.00% 2,471 $3K Add +0.1%
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) filed as NEW MTN FIN CORP 0.00% 2,427 $3K Reduce -6.3%
FAST Fastenal Co. 0.00% 40 $3K No change
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) 0.00% 2,491 $3K Reduce -6.3%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) 0.00% 2,540 $2K Reduce -2.3%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) 0.00% 2,195 $2K Reduce -6.7%
CHRW C.H. Robinson Worldwide Inc. 0.00% 27 $2K No change
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) 0.00% 2,369 $2K Add +10.5%
NICE LTD (NICEIT 0 09/15/25) 0.00% 2,497 $2K Reduce -6.5%
VTRS Viatris Inc. 0.00% 219 $2K No change
EBAY eBay Inc. 0.00% 43 $2K No change
LFUS Littelfuse Inc. 0.00% 9 $2K No change
VENTAS REALTY LP (VTR 3.75 06/01/26) 0.00% 2,172 $2K New
PARSONS CORP (PSN 0.25 08/15/25) 0.00% 1,260 $2K Reduce -7.3%
OMF Onemain Holdings Inc. 0.00% 47 $2K No change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) 0.00% 1,951 $2K Reduce -6.7%
QRVO Qorvo Inc. 0.00% 18 $2K No change
OGN Organon & Co. 0.00% 100 $2K No change
FOX Fox Corp. Class B 0.00% 63 $2K No change
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) 0.00% 2,209 $2K Reduce -6.8%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) 0.00% 1,957 $2K Reduce -6.7%
BLOCK INC (XYZ 0.125 03/01/25) 0.00% 1,972 $2K Reduce -6.9%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) 0.00% 1,509 $2K New
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) 0.00% 1,966 $2K Reduce -6.7%
SCHP Schwab U.S. Tips ETF 0.00% 34 $2K Reduce -90.9%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) 0.00% 1,825 $2K Add +162.6%
MO Altria Group Inc. 0.00% 37 $2K No change
REG Regency Centers Corp. 0.00% 25 $2K No change
DGX Quest Diagnostics Inc. 0.00% 11 $2K No change
PRIM Primoris Services Corp. 0.00% 30 $1K No change
TAP Molson Coors Beverage Co. Class B 0.00% 29 $1K No change
ARKK ARK Innovation ETF 0.00% 33 $1K No change
SMG Scotts Miracle-Gro Co. 0.00% 21 $1K No change
SHOP Shopify Inc. Class A 0.00% 20 $1K No change
LUV Southwest Airlines Co. 0.00% 42 $1K Reduce -70.2%
MU Micron Technology Inc. 0.00% 9 $1K New
ACLLF Atco Ltd. Class I filed as ACLLF 0.00% 40 $1K No change
FUJHF Subaru Corp. 0.00% 50 $1K No change
PTY PIMCO Corporate & Income Opp 0.00% 72 $1K No change
EMBC Embecta Corp. 0.00% 80 $1K No change
CC The Chemours Co. 0.00% 40 $903 No change
PALO ALTO NETWORKS (PANW 0.375 06/01/25) 0.00% 245 $835 Reduce -16.7%
BKR Baker Hughes Co. 0.00% 20 $703 New
MBGAF Mercedes-Benz Group AG 0.00% 10 $691 No change
POWW Outdoor Holding Co. filed as AMMO INC 0.00% 330 $554 No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 10 $532 No change
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) 0.00% 526 $522 Reduce -17.3%
AY Atlantica Sustainable Infras 0.00% 20 $439 No change
SCHK Schwab 1000 Index ETF 0.00% 3 $157 New
Contra Abiomed Inc Com filed as ABIOMED INC XXX 0.00% 31 $32 No change
ANGIX Angel Oak Multi-STR Inc.-Inst 0.00% 2 $17 No change
Other holdings (9): bonds, preferreds, convertibles and warrants · $14.7M (not counted above)
SecurityClassShares / PrincipalValueChange
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 60,760$4.0MReduce -6.6%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 3,250$3.9MReduce -6.4%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 3,261$3.9MReduce -6.3%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 34,815$1.6MReduce -6.6%
AMG CAPITAL TRUST II (AMG 5.15 10/15/37) CONV PRF 21,829$1.1MReduce -9.2%
CHS INC (CHSINC V6.75 PERP 3) PFD 3,000$75KNo change
EIDP INC (CTVA 4.5 PERP +B) PFD 1,000$70KNo change
GOLDMAN SACHS GROUP INC (GS F PERP D) Preferred Stock 2,572$59KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 184$8KNo 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 167$671.2MLRCX, GS, AVGO, GOOGL, AXP
Q1 2026 141$574.1MGS, LRCX, AVGO, MSFT, GOOGL
Q4 2025 172$570.8MAVGO, GS, MSFT, AXP, LRCX
Q3 2025 122$532.4MAVGO, MSFT, GS, AXP, JPM
Q2 2025 154$468.6MAVGO, MSFT, GS, AAPL, AXP
Q1 2025 123$377.9MMSFT, AVGO, GS, AXP, WMT
Q4 2024 139$413.8MAVGO, MSFT, AXP, GS, WMT
Q3 2024 167$409.7MAAPL, AVGO, MSFT, AXP, USB
Q2 2024 384$384.0MAAPL, AVGO, MSFT, AXP, JPM
Q1 2024 399$305.5MMSFT, AVGO, AAPL, JPM, AXP