Laffer Tengler Investments, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), Laffer Tengler Investments, Inc. reported 139 stock positions worth $413.8 million. Its top holding was Broadcom (AVGO) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.1%) and American Express (AXP, 4.0%). Compared with Q3 2024, it opened 8 new positions, sold out of 36, added to 76 and reduced 39. The biggest buy was Broadcom (AVGO, shares +4%) and the biggest sale US Bancorp (USB, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $413.8M (Q4 2024)
- SEC Filing
- 0001172661-25-000528 ↗ filed Feb 6, 2025
Holdings Value
Holdings 139 stocks · $413.8M
| AVGO Broadcom Inc. | 6.09% | 108,660 | $25.2M | Add +3.6% |
| MSFT Microsoft Corp. | 5.10% | 50,063 | $21.1M | Add +24.4% |
| AXP American Express Co. | 4.05% | 56,411 | $16.7M | Add +13.5% |
| GS Goldman Sachs Group Inc. | 3.76% | 27,186 | $15.6M | Add +17.1% |
| WMT Walmart Inc. | 3.66% | 167,788 | $15.2M | Add +17.2% |
| JPM JPMorgan Chase & Co. | 3.52% | 60,704 | $14.6M | Add +13.5% |
| AAPL Apple Inc. | 3.12% | 51,607 | $12.9M | Reduce -41.5% |
| HD Home Depot Inc. | 3.01% | 31,972 | $12.4M | Add +16.2% |
| ORCL Oracle Corp. | 2.81% | 69,750 | $11.6M | Add +5.3% |
| ABBV Abbvie Inc. | 2.76% | 64,381 | $11.4M | Add +13.9% |
| GOOGL Alphabet Inc. Class A | 2.65% | 57,902 | $11.0M | Add +17.8% |
| EMR Emerson Electric Co. | 2.45% | 81,707 | $10.1M | Add +22.5% |
| AMZN Amazon.com Inc. | 2.38% | 44,802 | $9.8M | Reduce -3.7% |
| RTX RTX Corp. | 2.31% | 82,417 | $9.5M | Add +18.4% |
| NOW ServiceNow Inc. | 2.27% | 8,852 | $9.4M | Add +14.2% |
| CVX Chevron Corp. | 2.23% | 63,843 | $9.2M | Reduce -7.0% |
| CARR Carrier Global Corp. | 2.23% | 134,916 | $9.2M | Add +22.2% |
| MCD McDonald's Corp. | 2.10% | 30,032 | $8.7M | Add +16.9% |
| PANW Palo Alto Networks Inc. | 1.96% | 44,502 | $8.1M | Add +16.8% |
| BAM Brookfield Asset Mgmt-A | 1.94% | 147,773 | $8.0M | Add +24.2% |
| JNJ Johnson & Johnson | 1.90% | 54,313 | $7.9M | Reduce -10.4% |
| LRCX Lam Research Corp. | 1.85% | 106,233 | $7.7M | Add +12.1% |
| STLD Steel Dynamics Inc. | 1.76% | 63,965 | $7.3M | Add +21.5% |
| EOG EOG Resources Inc. | 1.74% | 58,638 | $7.2M | Add +41.5% |
| TXN Texas Instruments Inc. | 1.72% | 37,915 | $7.1M | Add +17.8% |
| DELL Dell Technologies -C | 1.55% | 55,782 | $6.4M | Add +5.6% |
| SBUX Starbucks Corp. | 1.54% | 69,902 | $6.4M | Add +21.0% |
| LHX L3HARRIS Technologies Inc. | 1.50% | 29,487 | $6.2M | Add +21.6% |
| CMG Chipotle Mexican Grill Inc. | 1.42% | 97,389 | $5.9M | Add +24.2% |
| SPOT Spotify Technology SA | 1.41% | 13,076 | $5.8M | Add +61.4% |
| COST Costco Wholesale Corp. | 1.37% | 6,180 | $5.7M | Add +14.2% |
| NXPI NXP Semiconductors NV | 1.32% | 26,321 | $5.5M | Add +11.7% |
| MDT Medtronic PLC | 1.16% | 60,003 | $4.8M | Add +19.8% |
| NVDA Nvidia Corp. | 1.14% | 35,004 | $4.7M | Add +26.0% |
| TSLA Tesla Inc. | 1.14% | 11,639 | $4.7M | Reduce -7.1% |
| NEE Nextera Energy Inc. | 1.07% | 61,572 | $4.4M | Add +39.6% |
| PLD Prologis Inc. | 1.04% | 40,806 | $4.3M | Add +21.4% |
| PWR Quanta Services Inc. | 1.04% | 13,577 | $4.3M | Add +15.2% |
| UBER Uber Technologies Inc. | 1.01% | 69,613 | $4.2M | Add +15.2% |
| V Visa Inc. Class A | 0.79% | 10,347 | $3.3M | Add +8.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.73% | 8,790 | $3.0M | Add +23.2% |
| EQIX Equinix Inc. | 0.67% | 2,955 | $2.8M | Add +9.6% |
| SYK Stryker Corp. | 0.64% | 7,364 | $2.7M | Add +8.6% |
| XYL Xylem Inc. | 0.59% | 21,129 | $2.5M | Add +14.2% |
| FANG Diamondback Energy Inc. | 0.55% | 14,007 | $2.3M | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 0.47% | 3,625 | $2.0M | New |
| ADBE Adobe Inc. | 0.43% | 3,971 | $1.8M | Reduce -53.5% |
| TFLO iShares Treasury Floating Ra | 0.41% | 33,734 | $1.7M | Add +26.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.40% | 4,134 | $1.7M | Add +43.8% |
| USB US Bancorp | 0.40% | 34,419 | $1.6M | Reduce -86.5% |
| IWD iShares Russell 1000 Value E | 0.39% | 8,827 | $1.6M | New |
| VRIG Invesco Variable Rate Invest | 0.39% | 63,509 | $1.6M | Add +13.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.37% | 36,074 | $1.5M | Add +13.0% |
| FLTR Vaneck Ig Floating Rate ETF | 0.35% | 57,317 | $1.5M | Add +13.1% |
| AMD Advanced Micro Devices | 0.29% | 9,840 | $1.2M | Reduce -3.9% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.28% | 22,718 | $1.2M | Add +9.5% |
| ETF OPPORTUNITIES TRUST | 0.25% | 34,825 | $1.0M | Reduce -17.1% |
| IVW iShares S&P 500 Growth ETF | 0.24% | 9,937 | $1.0M | No change |
| CMCSA Comcast Corp. Class A | 0.23% | 25,850 | $970K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 1,546 | $906K | Reduce -13.3% |
| PG The Procter & Gamble Co. | 0.20% | 4,881 | $818K | Reduce -18.2% |
| GOOG Alphabet Inc. Class C | 0.19% | 4,193 | $799K | Reduce -20.6% |
| HYBB iShares BB Rated Corp. Bond | 0.15% | 13,479 | $620K | Add +9.4% |
| LMT Lockheed Martin Corp. | 0.14% | 1,198 | $582K | Reduce -82.8% |
| PSA Public Storage | 0.13% | 1,808 | $541K | Reduce -3.2% |
| AMGN Amgen Inc. | 0.13% | 2,009 | $524K | Reduce -28.6% |
| LIN Linde PLC | 0.10% | 974 | $408K | Reduce -28.2% |
| SCCO Southern Copper Corp. | 0.09% | 4,255 | $388K | Add +13.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.09% | 889 | $378K | Add +27.0% |
| PGR Progressive Corp. | 0.09% | 1,528 | $366K | No change |
| PEP Pepsico Inc. | 0.08% | 2,204 | $335K | Reduce -91.7% |
| CAT Caterpillar Inc. | 0.08% | 912 | $331K | Reduce -39.1% |
| CL Colgate-Palmolive Co. | 0.08% | 3,605 | $328K | No change |
| ISRG Intuitive Surgical Inc. | 0.08% | 618 | $323K | No change |
| XOM Exxon Mobil Corp. | 0.08% | 2,976 | $320K | No change |
| GIS General Mills Inc. | 0.07% | 4,849 | $309K | No change |
| FSLR First Solar Inc. | 0.07% | 1,738 | $306K | Add +47.5% |
| SCHW Schwab (charles) Corp. | 0.07% | 4,025 | $298K | No change |
| TRV The Travelers Cos Inc. | 0.07% | 1,217 | $293K | No change |
| MET Metlife Inc. | 0.07% | 3,480 | $285K | No change |
| HON Honeywell International Inc. | 0.07% | 1,251 | $283K | Reduce -0.6% |
| DRI Darden Restaurants Inc. | 0.07% | 1,498 | $280K | Reduce -9.5% |
| COP Conocophillips | 0.07% | 2,787 | $276K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.07% | 671 | $275K | Reduce -20.2% |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 6,227 | $274K | No change |
| NRG NRG Energy Inc. | 0.06% | 2,920 | $263K | No change |
| CRM Salesforce Inc. | 0.06% | 783 | $262K | Reduce -62.5% |
| UPS United Parcel Service Class B | 0.06% | 2,066 | $261K | Add +13.8% |
| KO The Coca-Cola Co. | 0.06% | 4,144 | $258K | Reduce -45.9% |
| UNH Unitedhealth Group Inc. | 0.06% | 505 | $255K | Reduce -28.6% |
| CSCO Cisco Systems Inc. | 0.06% | 4,295 | $254K | Reduce -38.9% |
| ABT Abbott Laboratories | 0.06% | 2,180 | $247K | Reduce -33.7% |
| FCX Freeport-McMoran Inc. | 0.06% | 6,217 | $237K | Add +29.9% |
| MSI Motorola Solutions Inc. | 0.06% | 500 | $231K | Reduce -89.3% |
| SPGI S&P Global Inc. | 0.06% | 462 | $230K | No change |
| DAX Global X Dax Germany ETF | 0.06% | 6,871 | $229K | Reduce -8.0% |
| J Jacobs Solutions Inc. | 0.06% | 1,704 | $228K | New |
| PLTR Palantir Technologies Inc. Class A | 0.05% | 2,955 | $223K | Reduce -88.2% |
| TECK Teck Resources Ltd.-CLS B | 0.05% | 5,393 | $219K | Add +29.9% |
| SO The Southern Co. | 0.05% | 2,600 | $214K | No change |
Other holdings (7): bonds, preferreds, convertibles and warrants · $24.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 59,995 | $5.2M | Reduce -1.8% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,360 | $4.1M | Add +2.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,380 | $4.0M | Add +2.8% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 52,765 | $3.2M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 51,005 | $3.2M | Add +3.1% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 56,585 | $3.1M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 36,360 | $1.5M | Add +2.5% |
Total filed on the 13F, all lines: $438.1M.
Portfolio Sells Q3 2024 → Q4 2024
| USB US Bancorp | Reduce -86.5% | 0.40% | −2.44 |
| AAPL Apple Inc. | Reduce -41.5% | 3.12% | −1.89 |
| PEP Pepsico Inc. | Reduce -91.7% | 0.08% | −1.02 |
| LMT Lockheed Martin Corp. | Reduce -82.8% | 0.14% | −0.85 |
| ADBE Adobe Inc. | Reduce -53.5% | 0.43% | −0.65 |
| JNJ Johnson & Johnson | Reduce -10.4% | 1.90% | −0.50 |
| MSI Motorola Solutions Inc. | Reduce -89.3% | 0.06% | −0.45 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.44 |
| JAZZ Jazz Pharmaceuticals PLC | Sold out | 0.00% | −0.37 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.32 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.31 |
| CVX Chevron Corp. | Reduce -7.0% | 2.23% | −0.23 |
| WM Waste Management Inc. | Reduce -80.6% | 0.05% | −0.22 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.21 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −0.18 |
| PLTR Palantir Technologies Inc. Class A | Reduce -88.2% | 0.05% | −0.17 |
| BDJ BlackRock Enhanced Eqty DVD | Sold out | 0.00% | −0.14 |
| NVR NVR Inc. | Sold out | 0.00% | −0.14 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.14 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.14 |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | Sold out | 0.00% | −0.13 |
| AMD Advanced Micro Devices | Reduce -3.9% | 0.29% | −0.12 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.12 |
| ICLR Icon PLC | Sold out | 0.00% | −0.12 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.10 |
| AMGN Amgen Inc. | Reduce -28.6% | 0.13% | −0.09 |
| TGT Target Corp. | Sold out | 0.00% | −0.09 |
| SELF Global Self Storage Inc. | Sold out | 0.00% | −0.09 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.09 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.09 |
| BA The Boeing Co. | Sold out | 0.00% | −0.09 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.08 |
| PM Philip Morris International | Sold out | 0.00% | −0.08 |
| CRM Salesforce Inc. | Reduce -62.5% | 0.06% | −0.08 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.07 |
| KO The Coca-Cola Co. | Reduce -45.9% | 0.06% | −0.07 |
| MS Morgan Stanley | Sold out | 0.00% | −0.07 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.07 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.07 |
| SXI Standex International Corp. | Sold out | 0.00% | −0.07 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.07 |
| CAT Caterpillar Inc. | Reduce -39.1% | 0.08% | −0.06 |
| VNM Vaneck Vietnam ETF | Sold out | 0.00% | −0.06 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.06 |
| LIN Linde PLC | Reduce -28.2% | 0.10% | −0.06 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.06 |
| VOOG Vanguard S&P 500 Growth ETF | Sold out | 0.00% | −0.06 |
| ETF OPPORTUNITIES TRUST | Reduce -17.1% | 0.25% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -18.2% | 0.20% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| AVGO Broadcom Inc. | Add +3.6% | 6.09% | +1.67 |
| GS Goldman Sachs Group Inc. | Add +17.1% | 3.76% | +0.96 |
| MSFT Microsoft Corp. | Add +24.4% | 5.10% | +0.87 |
| WMT Walmart Inc. | Add +17.2% | 3.66% | +0.84 |
| JPM JPMorgan Chase & Co. | Add +13.5% | 3.52% | +0.76 |
| AXP American Express Co. | Add +13.5% | 4.05% | +0.76 |
| SPOT Spotify Technology SA | Add +61.4% | 1.41% | +0.69 |
| EMR Emerson Electric Co. | Add +22.5% | 2.45% | +0.67 |
| GOOGL Alphabet Inc. Class A | Add +17.8% | 2.65% | +0.66 |
| NOW ServiceNow Inc. | Add +14.2% | 2.27% | +0.58 |
| BAM Brookfield Asset Mgmt-A | Add +24.2% | 1.94% | +0.56 |
| EOG EOG Resources Inc. | Add +41.5% | 1.74% | +0.49 |
| VOO Vanguard S&P 500 ETF | New | 0.47% | +0.47 |
| IWD iShares Russell 1000 Value E | New | 0.39% | +0.39 |
| PANW Palo Alto Networks Inc. | Add +16.8% | 1.96% | +0.37 |
| CMG Chipotle Mexican Grill Inc. | Add +24.2% | 1.42% | +0.32 |
| NVDA Nvidia Corp. | Add +26.0% | 1.14% | +0.31 |
| HD Home Depot Inc. | Add +16.2% | 3.01% | +0.28 |
| RTX RTX Corp. | Add +18.4% | 2.31% | +0.25 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +23.2% | 0.73% | +0.24 |
| COST Costco Wholesale Corp. | Add +14.2% | 1.37% | +0.20 |
| MCD McDonald's Corp. | Add +16.9% | 2.10% | +0.20 |
| PWR Quanta Services Inc. | Add +15.2% | 1.04% | +0.18 |
| SBUX Starbucks Corp. | Add +21.0% | 1.54% | +0.17 |
| NEE Nextera Energy Inc. | Add +39.6% | 1.07% | +0.16 |
| V Visa Inc. Class A | Add +8.2% | 0.79% | +0.15 |
| STLD Steel Dynamics Inc. | Add +21.5% | 1.76% | +0.14 |
| TXN Texas Instruments Inc. | Add +17.8% | 1.72% | +0.10 |
| LHX L3HARRIS Technologies Inc. | Add +21.6% | 1.50% | +0.09 |
| EQIX Equinix Inc. | Add +9.6% | 0.67% | +0.09 |
| TFLO iShares Treasury Floating Ra | Add +26.4% | 0.41% | +0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Add +43.8% | 0.40% | +0.08 |
| MDT Medtronic PLC | Add +19.8% | 1.16% | +0.06 |
| CARR Carrier Global Corp. | Add +22.2% | 2.23% | +0.06 |
| ORCL Oracle Corp. | Add +5.3% | 2.81% | +0.06 |
| J Jacobs Solutions Inc. | New | 0.06% | +0.06 |
| CCJ Cameco Corp. | New | 0.05% | +0.05 |
| PAAS Pan American Silver Corp. | New | 0.05% | +0.05 |
| VRIG Invesco Variable Rate Invest | Add +13.7% | 0.39% | +0.04 |
| SYK Stryker Corp. | Add +8.6% | 0.64% | +0.04 |
| ABBV Abbvie Inc. | Add +13.9% | 2.76% | +0.04 |
| FLTR Vaneck Ig Floating Rate ETF | Add +13.1% | 0.35% | +0.04 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +13.0% | 0.37% | +0.03 |
| DELL Dell Technologies -C | Add +5.6% | 1.55% | +0.03 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Add +9.5% | 0.28% | +0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Add +27.0% | 0.09% | +0.02 |
| HYBB iShares BB Rated Corp. Bond | Add +9.4% | 0.15% | +0.01 |
| PLD Prologis Inc. | Add +21.4% | 1.04% | +0.01 |
| PLTM Graniteshares Platinum Trust | Add +29.8% | 0.03% | +0.01 |
| UPS United Parcel Service Class B | Add +13.8% | 0.06% | +0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -1.8% | 59,995 | $5.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +2.7% | 3,360 | $4.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +2.8% | 3,380 | $4.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 52,765 | $3.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +3.1% | 51,005 | $3.2M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 56,585 | $3.1M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +2.5% | 36,360 | $1.5M |
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 |