Laffer Tengler Investments, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Laffer Tengler Investments, Inc. reported 167 stock positions worth $409.7 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Broadcom (AVGO, 4.4%) and Microsoft (MSFT, 4.2%). Compared with Q2 2024, it opened 6 new positions, sold out of 223, added to 85 and reduced 36. The biggest buy was Nextera Energy (NEE, shares +902%) and the biggest sale an exit from Illinois Tool Works (ITW).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $409.7M (Q3 2024)
- SEC Filing
- 0001172661-24-004456 ↗ filed Nov 4, 2024
Holdings Value
Holdings 167 stocks · $409.7M
| AAPL Apple Inc. | 5.01% | 88,176 | $20.5M | Add +1.1% |
| AVGO Broadcom Inc. | 4.41% | 104,830 | $18.1M | Reduce -7.0% |
| MSFT Microsoft Corp. | 4.23% | 40,257 | $17.3M | Add +0.2% |
| AXP American Express Co. | 3.29% | 49,702 | $13.5M | Add +1.0% |
| USB US Bancorp | 2.83% | 253,967 | $11.6M | No change |
| WMT Walmart Inc. | 2.82% | 143,109 | $11.6M | Add +13.5% |
| GS Goldman Sachs Group Inc. | 2.81% | 23,223 | $11.5M | Add +6.1% |
| ORCL Oracle Corp. | 2.75% | 66,207 | $11.3M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 2.75% | 53,477 | $11.3M | Reduce -0.1% |
| ABBV Abbvie Inc. | 2.72% | 56,528 | $11.2M | Add +2.6% |
| HD Home Depot Inc. | 2.72% | 27,512 | $11.1M | Add +5.4% |
| CVX Chevron Corp. | 2.47% | 68,653 | $10.1M | Add +2.4% |
| JNJ Johnson & Johnson | 2.40% | 60,652 | $9.8M | Add +1.9% |
| CARR Carrier Global Corp. | 2.17% | 110,412 | $8.9M | Add +4.3% |
| AMZN Amazon.com Inc. | 2.12% | 46,512 | $8.7M | Add +7.2% |
| RTX RTX Corp. | 2.06% | 69,629 | $8.4M | Reduce -3.6% |
| GOOGL Alphabet Inc. Class A | 1.99% | 49,138 | $8.1M | Add +17.2% |
| MCD McDonald's Corp. | 1.91% | 25,680 | $7.8M | Reduce -1.7% |
| LRCX Lam Research Corp. | 1.89% | 9,474 | $7.7M | Add +1.8% |
| EMR Emerson Electric Co. | 1.78% | 66,678 | $7.3M | Add +7.4% |
| NOW ServiceNow Inc. | 1.69% | 7,753 | $6.9M | Add +3.5% |
| TXN Texas Instruments Inc. | 1.62% | 32,188 | $6.6M | Add +2.5% |
| STLD Steel Dynamics Inc. | 1.62% | 52,657 | $6.6M | Add +2.0% |
| PANW Palo Alto Networks Inc. | 1.59% | 19,052 | $6.5M | Add +7.8% |
| DELL Dell Technologies -C | 1.53% | 52,806 | $6.3M | Add +147.0% |
| LHX L3HARRIS Technologies Inc. | 1.41% | 24,241 | $5.8M | Add +2.3% |
| NXPI NXP Semiconductors NV | 1.38% | 23,574 | $5.7M | Add +1.7% |
| SBUX Starbucks Corp. | 1.37% | 57,754 | $5.6M | Reduce -0.4% |
| BAM Brookfield Asset Mgmt-A | 1.37% | 119,005 | $5.6M | Add +1.4% |
| EOG EOG Resources Inc. | 1.24% | 41,425 | $5.1M | Add +2.4% |
| COST Costco Wholesale Corp. | 1.17% | 5,411 | $4.8M | Reduce -1.8% |
| UBER Uber Technologies Inc. | 1.11% | 60,416 | $4.5M | Add +118.8% |
| PEP Pepsico Inc. | 1.10% | 26,614 | $4.5M | Reduce -8.8% |
| CMG Chipotle Mexican Grill Inc. | 1.10% | 78,427 | $4.5M | Add +2.7% |
| MDT Medtronic PLC | 1.10% | 50,101 | $4.5M | Add +0.5% |
| ADBE Adobe Inc. | 1.08% | 8,543 | $4.4M | Add +3.3% |
| PLD Prologis Inc. | 1.04% | 33,601 | $4.2M | Reduce -1.7% |
| LMT Lockheed Martin Corp. | 0.99% | 6,963 | $4.1M | Add +0.8% |
| NEE Nextera Energy Inc. | 0.91% | 44,119 | $3.7M | Add +902.5% |
| PWR Quanta Services Inc. | 0.86% | 11,786 | $3.5M | Add +49.0% |
| NVDA Nvidia Corp. | 0.82% | 27,787 | $3.4M | Add +33.0% |
| TSLA Tesla Inc. | 0.80% | 12,524 | $3.3M | Reduce -8.2% |
| SPOT Spotify Technology SA | 0.73% | 8,100 | $3.0M | Reduce -13.7% |
| V Visa Inc. Class A | 0.64% | 9,562 | $2.6M | Add +30.8% |
| XYL Xylem Inc. | 0.61% | 18,509 | $2.5M | Reduce -7.3% |
| SYK Stryker Corp. | 0.60% | 6,782 | $2.5M | Add +8.7% |
| FIRSTENERGY CORP (FE 4 05/01/26) | 0.59% | 2,221 | $2.4M | Add +191.1% |
| EQIX Equinix Inc. | 0.58% | 2,696 | $2.4M | Add +3.0% |
| FANG Diamondback Energy Inc. | 0.58% | 13,799 | $2.4M | Add +3.5% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | 0.56% | 2,287 | $2.3M | New |
| MSI Motorola Solutions Inc. | 0.51% | 4,650 | $2.1M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.49% | 7,137 | $2.0M | Add +44.1% |
| ETN Eaton Corp. PLC | 0.44% | 5,483 | $1.8M | No change |
| AMD Advanced Micro Devices | 0.41% | 10,236 | $1.7M | Add +3139.2% |
| JAZZ Jazz Pharmaceuticals PLC | 0.37% | 13,450 | $1.5M | No change |
| VRIG Invesco Variable Rate Invest | 0.34% | 55,873 | $1.4M | Reduce -19.5% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.34% | 31,936 | $1.4M | Reduce -20.1% |
| TFLO iShares Treasury Floating Ra | 0.33% | 26,679 | $1.3M | Add +8.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 2,874 | $1.3M | Add +2.9% |
| VYM Vanguard High DVD Yield ETF | 0.32% | 10,102 | $1.3M | New |
| FLTR Vaneck Ig Floating Rate ETF | 0.32% | 50,674 | $1.3M | Reduce -20.0% |
| PH Parker Hannifin Corp. | 0.31% | 2,000 | $1.3M | No change |
| ETF OPPORTUNITIES TRUST | 0.31% | 42,008 | $1.3M | Reduce -6.6% |
| WM Waste Management Inc. | 0.27% | 5,396 | $1.1M | No change |
| CMCSA Comcast Corp. Class A | 0.26% | 25,850 | $1.1M | Reduce -2.6% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.26% | 20,755 | $1.1M | Reduce -23.0% |
| PG The Procter & Gamble Co. | 0.25% | 5,966 | $1.0M | Add +5.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,784 | $1.0M | Add +4.8% |
| IVW iShares S&P 500 Growth ETF | 0.23% | 9,937 | $951K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 25,000 | $930K | Reduce -2.7% |
| AMGN Amgen Inc. | 0.22% | 2,813 | $906K | Add +2.0% |
| GOOG Alphabet Inc. Class C | 0.22% | 5,280 | $883K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 1,804 | $880K | No change |
| HTLF Heartland Financial USA Inc. | 0.18% | 12,996 | $737K | No change |
| PSA Public Storage | 0.17% | 1,867 | $679K | Add +3.4% |
| LIN Linde PLC | 0.16% | 1,356 | $647K | Add +4.2% |
| BDJ BlackRock Enhanced Eqty DVD | 0.14% | 68,156 | $590K | New |
| NVR NVR Inc. | 0.14% | 60 | $589K | No change |
| CAT Caterpillar Inc. | 0.14% | 1,497 | $586K | No change |
| MELI MercadoLibre Inc. | 0.14% | 285 | $585K | No change |
| HYBB iShares BB Rated Corp. Bond | 0.14% | 12,315 | $583K | Reduce -23.0% |
| BX Blackstone Inc. | 0.14% | 3,780 | $579K | Add +5.0% |
| CRM Salesforce Inc. | 0.14% | 2,086 | $571K | Reduce -2.5% |
| KO The Coca-Cola Co. | 0.13% | 7,658 | $550K | Add +0.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | 0.13% | 537 | $539K | Add +2.1% |
| LLY Eli Lilly & Co. | 0.12% | 550 | $487K | No change |
| ICLR Icon PLC | 0.12% | 1,650 | $474K | No change |
| SCCO Southern Copper Corp. | 0.11% | 3,759 | $435K | Add +8.1% |
| META Meta Platforms Inc. Class A | 0.10% | 734 | $420K | Add +11.4% |
| UNH Unitedhealth Group Inc. | 0.10% | 707 | $413K | Reduce -3.4% |
| PGR Progressive Corp. | 0.09% | 1,528 | $388K | No change |
| TGT Target Corp. | 0.09% | 2,434 | $379K | Reduce -4.0% |
| SELF Global Self Storage Inc. | 0.09% | 72,589 | $378K | Reduce -4.0% |
| ABT Abbott Laboratories | 0.09% | 3,288 | $375K | No change |
| CL Colgate-Palmolive Co. | 0.09% | 3,605 | $374K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 7,024 | $374K | Reduce -52.6% |
| LYB Lyondellbasell Indu Class A | 0.09% | 3,853 | $370K | No change |
| HSY The Hershey Co. | 0.09% | 1,903 | $365K | No change |
| GIS General Mills Inc. | 0.09% | 4,849 | $358K | No change |
| BA The Boeing Co. | 0.09% | 2,321 | $353K | Reduce -0.2% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $17.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,288 | $4.2M | Add +0.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 61,110 | $4.2M | Add +0.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,273 | $4.2M | Add +0.7% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 49,470 | $3.0M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 35,485 | $1.6M | Add +1.9% |
Total filed on the 13F, all lines: $426.8M.
Portfolio Sells Q2 2024 → Q3 2024
| ITW Illinois Tool Works | Sold out | 0.00% | −0.97 |
| JAZZ INVESTMENTS I LTD (JAZZ 1.5 08/15/24) | Sold out | 0.00% | −0.71 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.44 |
| HON Honeywell International Inc. | Reduce -84.8% | 0.06% | −0.40 |
| AVGO Broadcom Inc. | Reduce -7.0% | 4.41% | −0.30 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.26 |
| PEP Pepsico Inc. | Reduce -8.8% | 1.10% | −0.15 |
| NHMAX Nuveen High YLD Muni BND-A | Sold out | 0.00% | −0.14 |
| VRIG Invesco Variable Rate Invest | Reduce -19.5% | 0.34% | −0.11 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -20.0% | 0.32% | −0.11 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Reduce -23.0% | 0.26% | −0.10 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -20.1% | 0.34% | −0.10 |
| TRAIX T Rowe PR Captl Apprec-I | Sold out | 0.00% | −0.10 |
| XYL Xylem Inc. | Reduce -7.3% | 0.61% | −0.10 |
| CSCO Cisco Systems Inc. | Reduce -52.6% | 0.09% | −0.09 |
| TLRY Tilray Brands Inc. | Sold out | 0.00% | −0.08 |
| POAGX Primecap Odyssey Aggr GRW | Sold out | 0.00% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 2.75% | −0.07 |
| VDIGX Vanguard Dividend Growth-Inv | Sold out | 0.00% | −0.07 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.06 |
| CGCCX Apollo Diversified Credit-C | Sold out | 0.00% | −0.06 |
| HYBB iShares BB Rated Corp. Bond | Reduce -23.0% | 0.14% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -1.8% | 1.17% | −0.05 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.05 |
| INTC Intel Corp. | Sold out | 0.00% | −0.05 |
| BIP Brookfield Infrastructure Pa | Sold out | 0.00% | −0.05 |
| FZAJX Fidelity Adv Intl Grwth-Z | Sold out | 0.00% | −0.05 |
| csusper421432 | Sold out | 0.00% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.04 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.04 |
| SBGSY Schneider Elect SE-Unsp ADR | Sold out | 0.00% | −0.04 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.04 |
| BG Bunge Global SA | Sold out | 0.00% | −0.04 |
| T AT&T Inc. | Sold out | 0.00% | −0.04 |
| SPOT Spotify Technology SA | Reduce -13.7% | 0.73% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.04 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.04 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.03 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.03 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.03 |
| EISMX Eaton Vance Atl Cap Smid-I | Sold out | 0.00% | −0.03 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.03 |
| PM Philip Morris International | Reduce -35.5% | 0.08% | −0.03 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.03 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.03 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.03 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.03 |
| PFG Principal Financial Group | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| NEE Nextera Energy Inc. | Add +902.5% | 0.91% | +0.83 |
| DELL Dell Technologies -C | Add +147.0% | 1.53% | +0.76 |
| WMT Walmart Inc. | Add +13.5% | 2.82% | +0.60 |
| UBER Uber Technologies Inc. | Add +118.8% | 1.11% | +0.59 |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | New | 0.56% | +0.56 |
| CARR Carrier Global Corp. | Add +4.3% | 2.17% | +0.43 |
| AMD Advanced Micro Devices | Add +3139.2% | 0.41% | +0.40 |
| FIRSTENERGY CORP (FE 4 05/01/26) | Add +191.1% | 0.59% | +0.39 |
| HD Home Depot Inc. | Add +5.4% | 2.72% | +0.38 |
| PWR Quanta Services Inc. | Add +49.0% | 0.86% | +0.33 |
| AXP American Express Co. | Add +1.0% | 3.29% | +0.32 |
| VYM Vanguard High DVD Yield ETF | New | 0.32% | +0.32 |
| ABBV Abbvie Inc. | Add +2.6% | 2.72% | +0.26 |
| AAPL Apple Inc. | Add +1.1% | 5.01% | +0.23 |
| GS Goldman Sachs Group Inc. | Add +6.1% | 2.81% | +0.23 |
| BAM Brookfield Asset Mgmt-A | Add +1.4% | 1.37% | +0.21 |
| NOW ServiceNow Inc. | Add +3.5% | 1.69% | +0.16 |
| LMT Lockheed Martin Corp. | Add +0.8% | 0.99% | +0.15 |
| NVDA Nvidia Corp. | Add +33.0% | 0.82% | +0.15 |
| BDJ BlackRock Enhanced Eqty DVD | New | 0.14% | +0.14 |
| V Visa Inc. Class A | Add +30.8% | 0.64% | +0.14 |
| JNJ Johnson & Johnson | Add +1.9% | 2.40% | +0.13 |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | Add +2.1% | 0.13% | +0.13 |
| APO Apollo Global Management Inc. | New | 0.08% | +0.08 |
| MDT Medtronic PLC | Add +0.5% | 1.10% | +0.08 |
| EQIX Equinix Inc. | Add +3.0% | 0.58% | +0.07 |
| RRC Range Resources Corp. | New | 0.07% | +0.07 |
| SYK Stryker Corp. | Add +8.7% | 0.60% | +0.05 |
| TXN Texas Instruments Inc. | Add +2.5% | 1.62% | +0.03 |
| PSA Public Storage | Add +3.4% | 0.17% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +7.8% | 1.59% | +0.03 |
| BX Blackstone Inc. | Add +5.0% | 0.14% | +0.03 |
| LHX L3HARRIS Technologies Inc. | Add +2.3% | 1.41% | +0.02 |
| META Meta Platforms Inc. Class A | Add +11.4% | 0.10% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +25.3% | 0.08% | +0.01 |
| PG The Procter & Gamble Co. | Add +5.3% | 0.25% | +0.01 |
| LIN Linde PLC | Add +4.2% | 0.16% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.8% | 0.25% | +0.01 |
| DRI Darden Restaurants Inc. | Add +12.7% | 0.07% | +0.01 |
| SCCO Southern Copper Corp. | Add +8.1% | 0.11% | +0.01 |
| EWA iShares MSCI Australia ETF | Add +10.7% | 0.06% | +0.01 |
| DAX Global X Dax Germany ETF | Add +10.7% | 0.06% | +0.01 |
| KO The Coca-Cola Co. | Add +0.0% | 0.13% | +0.01 |
| EWD iShares MSCI Sweden ETF | Add +10.7% | 0.06% | +0.01 |
| INDA iShares MSCI India ETF | Add +10.7% | 0.06% | +0.01 |
| VNM Vaneck Vietnam ETF | Add +10.7% | 0.06% | +0.00 |
| TFLO iShares Treasury Floating Ra | Add +8.1% | 0.33% | +0.00 |
| FSLR First Solar Inc. | Add +1.1% | 0.07% | +0.00 |
| TECK Teck Resources Ltd.-CLS B | Add +1.2% | 0.05% | +0.00 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | New | 0.00% | +0.00 |
Notes & Other Activity Q2 2024 → Q3 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.8% | 3,288 | $4.2M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +0.6% | 61,110 | $4.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.7% | 3,273 | $4.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 49,470 | $3.0M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +1.9% | 35,485 | $1.6M |
| AMG CAPITAL TRUST II (AMG 5.15 10/15/37) | CONV PRF | Sold out | 21,829 | $1.1Mbefore exit |
| CHS INC (CHSINC V6.75 PERP 3) | PFD | Sold out | 3,000 | $75Kbefore exit |
| EIDP INC (CTVA 4.5 PERP +B) | PFD | Sold out | 1,000 | $70Kbefore exit |
| GOLDMAN SACHS GROUP INC (GS F PERP D) | Preferred Stock | Sold out | 2,572 | $59Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 184 | $8Kbefore exit |
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 |