Laffer Tengler Investments Portfolio holdings
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% |
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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.