Lourd Capital Portfolio holdings

AUM $1.08B

2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+8.1%

1 Year Return

+8.79%

3 Year Return

+44.24%

5 Year Return

+63.44%

10 Year Return

–

AUM

$1.54B

AUM Growth

+$1.54B (+37%)

Cap. Flow

+$324M

Cap. Flow % of AUM

21.09%

Top 10 Holdings % Top 10 Hldgs %

82.92%

Holding

363

New

248

Increased

Reduced

Closed

–

Top Buys

1	Wells Fargo WFC	$97.5M
2	Bank of America BAC	$69.1M
3	US Bancorp USB	$7.7M
4	Aflac AFL	$6.66M
5	Apple AAPL	$6.47M

Top Sells

1	Berkshire Hathaway Class A BRK.A	$20.8M
2	GRUB Just Eat Takeaway.com N.V. American Depositary Shares GRUB	$1.33M
3	Vanguard Total Stock Market ETF VTI	$100K
4	ALJJ ALJ Regional Holdings, Inc. Common Stock ALJJ	$28.1K
5	Baxter International BAX	$23.6K

Sector Composition

1	Financials	72.19%
2	Consumer Staples	3.66%
3	Technology	3.05%
4	Energy	3.01%
5	Healthcare	1.59%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
301	301 Vertex Pharmaceuticals VRTX $100B	$233K	0.02%	+1,552	New	+$233K
302	302 Deckers Outdoor DECK $17.7B	$231K	0.02%	+2,873	New	+$231K
303	303 Travel + Leisure Co TNL $4.11B	$231K	0.02%	+1,995	New	+$231K
304	304 Canadian National Railway CNI $60.4B	$230K	0.02%	+2,788	New	+$230K
305	305 UBS Group UBS $128B	$230K	0.02%	+12,483	New	+$230K
306	SVC 306 Service Properties Trust SVC $451M	$229K	0.01%	+7,670	New	+$229K
307	307 JB Hunt Transport Services JBHT $14B	$228K	0.01%	1,985 +50	+3%	+$5.74K
308	308 Marathon Petroleum MPC $54.6B	$226K	0.01%	+3,428	New	+$226K
309	309 Qiagen QGEN $10.1B	$223K	0.01%	+7,214	New	+$223K
310	310 Unilever UL $155B	$223K	0.01%	+4,022	New	+$223K
311	311 Lumen LUMN $5.1B	$222K	0.01%	+13,315	New	+$222K
312	312 Xylem XYL $34.5B	$222K	0.01%	+3,248	New	+$222K
313	313 Celanese CE $5.22B	$221K	0.01%	+2,067	New	+$221K
314	314 Tyson Foods TSN $20.2B	$221K	0.01%	+2,727	New	+$221K
315	ALXN 315 DELISTED Alexion Pharmaceuticals Inc ALXN	$221K	0.01%	+1,847	New	+$221K
316	316 Omnicom Group OMC $15.2B	$220K	0.01%	+3,019	New	+$220K
317	317 Allegion ALLE $14.6B	$219K	0.01%	+2,750	New	+$219K
318	318 MSCI MSCI $43.9B	$219K	0.01%	+1,728	New	+$219K
319	319 Travelers Companies TRV $61.1B	$219K	0.01%	+1,614	New	+$219K
320	320 Kennedy-Wilson Holdings KW $1.21B	$218K	0.01%	12,590 +320	+3%	+$5.54K
321	321 Magna International MGA $12.9B	$218K	0.01%	+3,844	New	+$218K
322	TCO 322 DELISTED Taubman Centers Inc. TCO	$218K	0.01%	+3,338	New	+$218K
323	SIR 323 DELISTED SELECT INCOME REIT SIR	$218K	0.01%	+8,670	New	+$218K
324	324 Ingredion INGR $8.31B	$217K	0.01%	+1,552	New	+$217K
325	325 NNN REIT NNN $8.1B	$217K	0.01%	+5,042	New	+$217K