Laffer Tengler Investments, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Laffer Tengler Investments, Inc. reported 154 stock positions worth $468.6 million. Its top holding was Broadcom (AVGO) at 5.4% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Goldman Sachs (GS, 3.9%). Compared with Q1 2025, it opened 43 new positions, sold out of 12, added to 41 and reduced 63. The biggest buy was US Bancorp (USB, shares +2031%) and the biggest sale an exit from NXP Semiconductors (NXPI).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $468.6M (Q2 2025)
- SEC Filing
- 0001172661-25-002953 ↗ filed Aug 7, 2025
Holdings Value
Holdings 154 stocks · $468.6M
| AVGO Broadcom Inc. | 5.43% | 92,327 | $25.4M | Reduce -13.7% |
| MSFT Microsoft Corp. | 5.02% | 47,261 | $23.5M | Reduce -0.9% |
| GS Goldman Sachs Group Inc. | 3.90% | 25,853 | $18.3M | Reduce -7.2% |
| AAPL Apple Inc. | 3.67% | 83,900 | $17.2M | Add +87.8% |
| AXP American Express Co. | 3.42% | 50,273 | $16.0M | Reduce -6.0% |
| JPM JPMorgan Chase & Co. | 3.24% | 52,356 | $15.2M | Reduce -6.8% |
| WMT Walmart Inc. | 2.98% | 143,038 | $14.0M | Reduce -12.7% |
| ORCL Oracle Corp. | 2.89% | 62,017 | $13.6M | Reduce -4.2% |
| ABBV Abbvie Inc. | 2.46% | 62,198 | $11.5M | Reduce -5.8% |
| USB US Bancorp | 2.45% | 254,012 | $11.5M | Add +2031.2% |
| AMZN Amazon.com Inc. | 2.43% | 51,877 | $11.4M | Add +16.7% |
| HD Home Depot Inc. | 2.37% | 30,300 | $11.1M | Reduce -3.9% |
| RTX RTX Corp. | 2.17% | 69,557 | $10.2M | Reduce -11.9% |
| SPOT Spotify Technology SA | 2.10% | 12,821 | $9.8M | Reduce -6.1% |
| PANW Palo Alto Networks Inc. | 2.09% | 47,930 | $9.8M | Add +1.7% |
| NOW ServiceNow Inc. | 2.05% | 9,334 | $9.6M | Add +0.3% |
| LRCX Lam Research Corp. | 2.04% | 98,305 | $9.6M | Reduce -8.4% |
| GOOGL Alphabet Inc. Class A | 1.97% | 52,379 | $9.2M | Reduce -6.2% |
| CVX Chevron Corp. | 1.94% | 63,638 | $9.1M | Reduce -1.3% |
| UBER Uber Technologies Inc. | 1.80% | 90,545 | $8.4M | Add +9.8% |
| CARR Carrier Global Corp. | 1.74% | 111,195 | $8.1M | Reduce -13.1% |
| JNJ Johnson & Johnson | 1.64% | 50,415 | $7.7M | Reduce -13.1% |
| PWR Quanta Services Inc. | 1.56% | 19,276 | $7.3M | Add +51.0% |
| NVDA Nvidia Corp. | 1.53% | 45,477 | $7.2M | Add +13.2% |
| BAM Brookfield Asset Mgmt-A | 1.53% | 129,310 | $7.1M | Reduce -14.5% |
| EMR Emerson Electric Co. | 1.49% | 52,303 | $7.0M | Reduce -33.6% |
| TXN Texas Instruments Inc. | 1.42% | 32,101 | $6.7M | Reduce -9.9% |
| CMG Chipotle Mexican Grill Inc. | 1.35% | 112,663 | $6.3M | Reduce -1.3% |
| LHX L3HARRIS Technologies Inc. | 1.31% | 24,511 | $6.1M | Reduce -12.8% |
| MCD McDonald's Corp. | 1.27% | 20,300 | $5.9M | Reduce -27.0% |
| COST Costco Wholesale Corp. | 1.25% | 5,903 | $5.8M | Add +22.7% |
| EOG EOG Resources Inc. | 1.23% | 48,249 | $5.8M | Reduce -14.4% |
| SBUX Starbucks Corp. | 1.18% | 60,192 | $5.5M | Reduce -10.9% |
| PLTR Palantir Technologies Inc. Class A | 1.15% | 39,463 | $5.4M | Add +207.9% |
| CSCO Cisco Systems Inc. | 1.11% | 74,980 | $5.2M | Add +1214.3% |
| STLD Steel Dynamics Inc. | 1.10% | 40,231 | $5.1M | Reduce -33.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.98% | 8,991 | $4.6M | Add +0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.96% | 36,325 | $4.5M | New |
| ETN Eaton Corp. PLC | 0.95% | 12,481 | $4.5M | New |
| TSLA Tesla Inc. | 0.95% | 13,996 | $4.4M | Add +0.2% |
| MDT Medtronic PLC | 0.88% | 47,071 | $4.1M | Reduce -14.0% |
| NEE Nextera Energy Inc. | 0.86% | 57,854 | $4.0M | Reduce -14.3% |
| WMB Williams Cos Inc. | 0.85% | 63,187 | $4.0M | Reduce -14.6% |
| PLD Prologis Inc. | 0.83% | 36,950 | $3.9M | Reduce -15.6% |
| ACN Accenture PLC Class A | 0.77% | 12,056 | $3.6M | New |
| LMT Lockheed Martin Corp. | 0.69% | 6,979 | $3.2M | Add +482.6% |
| V Visa Inc. Class A | 0.68% | 8,969 | $3.2M | Add +0.1% |
| XYL Xylem Inc. | 0.55% | 20,034 | $2.6M | Reduce -5.3% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | 0.48% | 1,970 | $2.2M | Reduce -2.8% |
| NFLX Netflix Inc. | 0.47% | 1,633 | $2.2M | Add +73.9% |
| VRIG Invesco Variable Rate Invest | 0.46% | 86,742 | $2.2M | Reduce -20.3% |
| SYK Stryker Corp. | 0.45% | 5,334 | $2.1M | Reduce -2.8% |
| FANG Diamondback Energy Inc. | 0.43% | 14,793 | $2.0M | Reduce -6.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.37% | 3,926 | $1.7M | Reduce -5.5% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.34% | 37,330 | $1.6M | Reduce -3.2% |
| EQT Eqt Corp. | 0.33% | 26,446 | $1.5M | Add +77.1% |
| JAZZ Jazz Pharmaceuticals PLC | 0.30% | 13,450 | $1.4M | New |
| PH Parker Hannifin Corp. | 0.30% | 2,000 | $1.4M | New |
| ETF OPPORTUNITIES TRUST | 0.29% | 42,300 | $1.4M | Add +21.7% |
| VYM Vanguard High DVD Yield ETF | 0.29% | 10,102 | $1.3M | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.29% | 26,377 | $1.3M | Reduce -5.7% |
| WM Waste Management Inc. | 0.27% | 5,488 | $1.3M | Add +424.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 1,892 | $1.2M | Add +22.4% |
| SCHF Schwab Intl Equity ETF | 0.23% | 49,539 | $1.1M | New |
| BINC iShares Flex I A ETF-Usd Inc. | 0.23% | 20,390 | $1.1M | Reduce -0.1% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.23% | 20,688 | $1.1M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.22% | 5,793 | $1.0M | Add +38.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.21% | 1,804 | $995K | New |
| MSI Motorola Solutions Inc. | 0.21% | 2,350 | $988K | Add +370.0% |
| SHW The Sherwin-Williams Co. | 0.20% | 2,754 | $946K | New |
| HYBB iShares BB Rated Corp. Bond | 0.20% | 19,991 | $940K | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.17% | 5,031 | $802K | Add +42.0% |
| AMGN Amgen Inc. | 0.17% | 2,852 | $796K | Add +40.1% |
| MELI MercadoLibre Inc. | 0.16% | 285 | $745K | New |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 14,421 | $713K | Add +131.6% |
| ISRG Intuitive Surgical Inc. | 0.13% | 1,125 | $611K | Add +80.0% |
| CAT Caterpillar Inc. | 0.13% | 1,551 | $602K | Add +70.1% |
| META Meta Platforms Inc. Class A | 0.13% | 814 | $601K | New |
| LIN Linde PLC | 0.13% | 1,268 | $595K | Add +41.0% |
| KO The Coca-Cola Co. | 0.13% | 8,287 | $586K | Add +100.0% |
| CRM Salesforce Inc. | 0.12% | 2,130 | $581K | Add +172.0% |
| AVAV Aerovironment Inc. | 0.12% | 2,000 | $570K | New |
| BX Blackstone Inc. | 0.12% | 3,780 | $565K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,260 | $552K | Add +87.8% |
| IWB iShares Russell 1000 ETF | 0.12% | 1,626 | $552K | New |
| LLY Eli Lilly & Co. | 0.10% | 627 | $489K | New |
| CMCSA Comcast Corp. Class A | 0.10% | 13,481 | $481K | Add +1.5% |
| ABT Abbott Laboratories | 0.10% | 3,492 | $475K | Add +57.2% |
| DELL Dell Technologies -C | 0.10% | 3,850 | $472K | New |
| NRG NRG Energy Inc. | 0.10% | 2,850 | $458K | No change |
| NVR NVR Inc. | 0.09% | 60 | $443K | New |
| PGR Progressive Corp. | 0.09% | 1,575 | $420K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 8,841 | $418K | New |
| DRI Darden Restaurants Inc. | 0.09% | 1,828 | $398K | Add +18.9% |
| MS Morgan Stanley | 0.08% | 2,807 | $395K | New |
| SELF Global Self Storage Inc. | 0.08% | 72,589 | $388K | New |
| APO Apollo Global Management Inc. | 0.08% | 2,664 | $378K | New |
| RRC Range Resources Corp. | 0.08% | 9,100 | $370K | New |
| SCHW Schwab (charles) Corp. | 0.08% | 4,025 | $367K | No change |
| DAX Global X Dax Germany ETF | 0.07% | 7,816 | $351K | Add +13.8% |
Other holdings (9): bonds, preferreds, convertibles and warrants · $27.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,282 | $3.9M | Reduce -2.6% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 51,450 | $3.9M | Reduce -2.6% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,300 | $3.8M | Reduce -2.6% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 51,425 | $3.5M | Reduce -2.8% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 64,890 | $3.5M | Reduce -2.6% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 49,765 | $2.9M | Reduce -2.6% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 54,820 | $2.9M | Add +124.5% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 34,530 | $2.3M | Add +48.6% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 35,660 | $1.1M | Reduce -2.6% |
Total filed on the 13F, all lines: $496.5M.
Portfolio Sells Q1 2025 → Q2 2025
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −1.36 |
| ABBV Abbvie Inc. | Reduce -5.8% | 2.46% | −1.20 |
| MCD McDonald's Corp. | Reduce -27.0% | 1.27% | −1.03 |
| CVX Chevron Corp. | Reduce -1.3% | 1.94% | −0.91 |
| JNJ Johnson & Johnson | Reduce -13.1% | 1.64% | −0.90 |
| STLD Steel Dynamics Inc. | Reduce -33.2% | 1.10% | −0.89 |
| WMT Walmart Inc. | Reduce -12.7% | 2.98% | −0.82 |
| EMR Emerson Electric Co. | Reduce -33.6% | 1.49% | −0.80 |
| HD Home Depot Inc. | Reduce -3.9% | 2.37% | −0.69 |
| EOG EOG Resources Inc. | Reduce -14.4% | 1.23% | −0.68 |
| RTX RTX Corp. | Reduce -11.9% | 2.17% | −0.60 |
| SBUX Starbucks Corp. | Reduce -10.9% | 1.18% | −0.58 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.51 |
| PLD Prologis Inc. | Reduce -15.6% | 0.83% | −0.47 |
| MDT Medtronic PLC | Reduce -14.0% | 0.88% | −0.43 |
| BAM Brookfield Asset Mgmt-A | Reduce -14.5% | 1.53% | −0.41 |
| CARR Carrier Global Corp. | Reduce -13.1% | 1.74% | −0.41 |
| NEE Nextera Energy Inc. | Reduce -14.3% | 0.86% | −0.41 |
| JPM JPMorgan Chase & Co. | Reduce -6.8% | 3.24% | −0.41 |
| AXP American Express Co. | Reduce -6.0% | 3.42% | −0.39 |
| WMB Williams Cos Inc. | Reduce -14.6% | 0.85% | −0.32 |
| GOOGL Alphabet Inc. Class A | Reduce -6.2% | 1.97% | −0.32 |
| TXN Texas Instruments Inc. | Reduce -9.9% | 1.42% | −0.27 |
| VRIG Invesco Variable Rate Invest | Reduce -20.3% | 0.46% | −0.26 |
| LHX L3HARRIS Technologies Inc. | Reduce -12.8% | 1.31% | −0.25 |
| FANG Diamondback Energy Inc. | Reduce -6.9% | 0.43% | −0.24 |
| CMG Chipotle Mexican Grill Inc. | Reduce -1.3% | 1.35% | −0.17 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -5.5% | 0.37% | −0.16 |
| GS Goldman Sachs Group Inc. | Reduce -7.2% | 3.90% | −0.12 |
| XYL Xylem Inc. | Reduce -5.3% | 0.55% | −0.12 |
| SYK Stryker Corp. | Reduce -2.8% | 0.45% | −0.09 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -3.2% | 0.34% | −0.09 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -5.7% | 0.29% | −0.09 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.06 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.06 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.06 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Reduce -0.1% | 0.23% | −0.05 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.05 |
| INDA iShares MSCI India ETF | Reduce -43.0% | 0.05% | −0.05 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -0.1% | 0.23% | −0.05 |
| HYBB iShares BB Rated Corp. Bond | Reduce -0.1% | 0.20% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -26.4% | 0.05% | −0.04 |
| PLTM Graniteshares Platinum Trust | Sold out | 0.00% | −0.03 |
| SCCO Southern Copper Corp. | Reduce -16.7% | 0.07% | −0.03 |
| LRCX Lam Research Corp. | Reduce -8.4% | 2.04% | −0.02 |
| NRG ENERGY INC (NRG 2.75 06/01/48) | Sold out | 0.00% | −0.00 |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | Sold out | 0.00% | −0.00 |
| SOUTHERN CO (SO 3.875 12/15/25) | Sold out | 0.00% | −0.00 |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | Reduce -2.0% | 0.00% | −0.00 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | Reduce -2.2% | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| USB US Bancorp | Add +2031.2% | 2.45% | +2.32 |
| AAPL Apple Inc. | Add +87.8% | 3.67% | +1.05 |
| CSCO Cisco Systems Inc. | Add +1214.3% | 1.11% | +1.02 |
| TJX TJX Companies Inc. | New | 0.96% | +0.96 |
| ETN Eaton Corp. PLC | New | 0.95% | +0.95 |
| PLTR Palantir Technologies Inc. Class A | Add +207.9% | 1.15% | +0.86 |
| ACN Accenture PLC Class A | New | 0.77% | +0.77 |
| PWR Quanta Services Inc. | Add +51.0% | 1.56% | +0.70 |
| LMT Lockheed Martin Corp. | Add +482.6% | 0.69% | +0.55 |
| NVDA Nvidia Corp. | Add +13.2% | 1.53% | +0.38 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.30% | +0.30 |
| PH Parker Hannifin Corp. | New | 0.30% | +0.30 |
| VYM Vanguard High DVD Yield ETF | New | 0.29% | +0.29 |
| NFLX Netflix Inc. | Add +73.9% | 0.47% | +0.23 |
| SCHF Schwab Intl Equity ETF | New | 0.23% | +0.23 |
| UBER Uber Technologies Inc. | Add +9.8% | 1.80% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.21% | +0.21 |
| WM Waste Management Inc. | Add +424.7% | 0.27% | +0.20 |
| SHW The Sherwin-Williams Co. | New | 0.20% | +0.20 |
| AMZN Amazon.com Inc. | Add +16.7% | 2.43% | +0.19 |
| MELI MercadoLibre Inc. | New | 0.16% | +0.16 |
| MSI Motorola Solutions Inc. | Add +370.0% | 0.21% | +0.15 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.3% | 0.98% | +0.14 |
| META Meta Platforms Inc. Class A | New | 0.13% | +0.13 |
| AVAV Aerovironment Inc. | New | 0.12% | +0.12 |
| BX Blackstone Inc. | New | 0.12% | +0.12 |
| EQT Eqt Corp. | Add +77.1% | 0.33% | +0.12 |
| IWB iShares Russell 1000 ETF | New | 0.12% | +0.12 |
| LLY Eli Lilly & Co. | New | 0.10% | +0.10 |
| DELL Dell Technologies -C | New | 0.10% | +0.10 |
| NVR NVR Inc. | New | 0.09% | +0.09 |
| BAC Bank of America Corp. | New | 0.09% | +0.09 |
| NOW ServiceNow Inc. | Add +0.3% | 2.05% | +0.09 |
| MS Morgan Stanley | New | 0.08% | +0.08 |
| SELF Global Self Storage Inc. | New | 0.08% | +0.08 |
| APO Apollo Global Management Inc. | New | 0.08% | +0.08 |
| RRC Range Resources Corp. | New | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +131.6% | 0.15% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.07% | +0.07 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.07% | +0.07 |
| CRM Salesforce Inc. | Add +172.0% | 0.12% | +0.07 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.07% | +0.07 |
| ICLR Icon PLC | New | 0.07% | +0.07 |
| IWM iShares Russell 2000 ETF | New | 0.06% | +0.06 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.05% | +0.05 |
| BBCA JPMorgan Betabuilders Canada | New | 0.05% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +87.8% | 0.12% | +0.05 |
| SPG Simon Property Group Inc. | New | 0.05% | +0.05 |
| PSA Public Storage | New | 0.05% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -2.6% | 3,282 | $3.9M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -2.6% | 51,450 | $3.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -2.6% | 3,300 | $3.8M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -2.8% | 51,425 | $3.5M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -2.6% | 64,890 | $3.5M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -2.6% | 49,765 | $2.9M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +124.5% | 54,820 | $2.9M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +48.6% | 34,530 | $2.3M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -2.6% | 35,660 | $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 |