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LTI
Laffer Tengler Investments Portfolio holdings
AUM
$782M
1-Year Est. Return
33.6%
This Fund
S&P 500
This Quarter
Est. Return
+1.21%
1 Year Est. Return
+33.6%
3 Year Est. Return
+96.52%
5 Year Est. Return
+112.38%
10 Year Est. Return
+277.71%
AUM
$117M
AUM Growth
-$255M
(-69%)
Cap. Flow
-$258M
Cap. Flow
% of AUM
-220.66%
Top 10 Holdings %
Top 10 Hldgs %
30.03%
Holding
195
New
7
Increased
51
Reduced
33
Closed
96
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$13.3M |
| 2 |
JPMorgan Chase
JPM
|
+$6.52M |
| 3 |
Merck
MRK
|
+$5.75M |
| 4 |
UnitedHealth
UNH
|
+$5.07M |
| 5 |
Marathon Petroleum
MPC
|
+$4.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.41% |
| 2 | Technology | 1.84% |
| 3 | Consumer Staples | 1.76% |
| 4 | Energy | 1.71% |
| 5 | Healthcare | 1.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
126
Merck
MRK
$322B
| – | – |
-72,401
| Closed | -$5.75M |
|
|
127
Microsoft
MSFT
$3.74T
| – | – |
-112,366
| Closed | -$13.3M |
|
128
M&T Bank
MTB
$36.4B
| – | – |
-14,075
| Closed | -$2.21M |
|
129
NRG Energy
NRG
$25.2B
| – | – |
-78,856
| Closed | -$3.35M |
|
130
nVent Electric
NVT
$27.1B
| – | – |
-31,702
| Closed | -$855K |
|
131
Paychex
PAYX
$43.1B
| – | – |
-36,004
| Closed | -$2.89M |
|
132
Pultegroup
PHM
$25.2B
| – | – |
-65,690
| Closed | -$1.84M |
|
133
Packaging Corp of America
PKG
$22.9B
| – | – |
-17,975
| Closed | -$1.79M |
|
134
Philip Morris
PM
$290B
| – | – |
-38,282
| Closed | -$3.38M |
|
135
PNC Financial Services
PNC
$101B
| – | – |
-20,035
| Closed | -$2.46M |
|
136
Pentair
PNR
$10.7B
| – | – |
-31,702
| Closed | -$1.41M |
|
137
Prudential Financial
PRU
$42.2B
| – | – |
-22,967
| Closed | -$2.11M |
|
138
Qualcomm
QCOM
$171B
| – | – |
-49,969
| Closed | -$2.85M |
|
139
Regions Financial
RF
$26.9B
| – | – |
-134,765
| Closed | -$1.91M |
|
140
Range Resources
RRC
$9.5B
| – | – |
-129,571
| Closed | -$1.46M |
|
141
Republic Services
RSG
$65.9B
| – | – |
-35,626
| Closed | -$2.86M |
|
142
Starbucks
SBUX
$122B
| – | – |
-52,650
| Closed | -$3.91M |
|
|
SCHW
143
Charles Schwab
SCHW
$186B
| – | – |
-55,684
| Closed | -$2.38M |
|
|
SEE
144
DELISTED
Sealed Air
SEE
| – | – |
-46,189
| Closed | -$2.13M |
|
145
Southern Company
SO
$106B
| – | – |
-57,842
| Closed | -$2.99M |
|
146
Sempra
SRE
$55.9B
| – | – |
-46,440
| Closed | -$2.92M |
|
147
Constellation Brands
STZ
$22.9B
| – | – |
-11,934
| Closed | -$2.09M |
|
148
Skyworks Solutions
SWKS
$10.3B
| – | – |
-23,572
| Closed | -$1.94M |
|
149
Sysco
SYY
$40.3B
| – | – |
-41,178
| Closed | -$2.75M |
|
150
Truist Financial
TFC
$63.9B
| – | – |
-50,495
| Closed | -$2.35M |
|
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Laffer Tengler Investments's Q2 2019 Portfolio in Review
As of Q2 2019, Laffer Tengler Investments held 195 positions worth $117M, down 69% from $372M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Laffer Tengler Investments withdrew a net $258M in Q2 2019, closing 96 positions and reducing 33 holdings. Its most notable exit was Microsoft, an estimated $13.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2.4% of assets, down from 13% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Laffer Tengler Investments opened a new position in Dominion Energy, Inc. 2019 Series A Corporate Units worth $4.01M.
- Laffer Tengler Investments's largest Q2 2019 buy was Dominion Energy, Inc. 2019 Series A Corporate Units: 38,725 shares worth $4.01M.
- Laffer Tengler Investments added most to Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A in Q2 2019, an estimated $763K increase.
- Laffer Tengler Investments's biggest Q2 2019 reduction was JPMorgan Chase, cutting an estimated $6.52M.
- Laffer Tengler Investments fully exited Microsoft in Q2 2019, selling an estimated $13.3M.
- Laffer Tengler Investments's ten largest holdings make up 30% of its $117M portfolio in Q2 2019.
- Laffer Tengler Investments opened 7 new positions and closed 96 in Q2 2019.
- Laffer Tengler Investments's portfolio value fell 69% quarter-over-quarter to $117M.
Based on Laffer Tengler Investments's 13F filing for Q2 2019, filed 15 Aug 2019.