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
201	201 Chubb CB $110B	$366K	0.02%	2,506 +466	+23%	+$68.1K
202	202 Prudential PUK $33.2B	$366K	0.02%	+7,213	New	+$366K
203	203 Lam Research LRCX $121B	$360K	0.02%	+1,956	New	+$360K
204	204 Lowe's Companies LOW $145B	$355K	0.02%	+3,820	New	+$355K
205	TSG 205 DELISTED The Stars Group Inc. TSG	$350K	0.02%	+15,000	New	+$350K
206	206 iShares Select Dividend ETF DVY $20.6B	$348K	0.02%	+3,528	New	+$348K
207	207 Extra Space Storage EXR $30B	$348K	0.02%	+3,984	New	+$348K
208	208 Lear LEA $5.81B	$347K	0.02%	+1,964	New	+$347K
209	209 Church & Dwight Co CHD $22.7B	$340K	0.02%	6,779 +2,643	+64%	+$133K
210	210 Deere & Co DE $129B	$329K	0.02%	+2,103	New	+$329K
211	211 O'Reilly Automotive ORLY $87.6B	$329K	0.02%	+1,367	New	+$329K
212	212 AB InBev BUD $119B	$326K	0.02%	+2,925	New	+$326K
213	213 Brookfield BN $97.8B	$325K	0.02%	+7,470	New	+$325K
214	214 Gen Digital GEN $18.1B	$325K	0.02%	+11,566	New	+$325K
215	215 PACCAR PCAR $51.5B	$325K	0.02%	+4,576	New	+$325K
216	216 Rockwell Automation ROK $37.6B	$325K	0.02%	+1,654	New	+$325K
217	217 Centene CNC $14.5B	$324K	0.02%	+3,214	New	+$324K
218	218 Novo Nordisk NVO $249B	$323K	0.02%	+6,023	New	+$323K
219	219 Hartford Financial Services HIG $36.9B	$322K	0.02%	+5,729	New	+$322K
220	220 Parker-Hannifin PH $94.3B	$322K	0.02%	+1,612	New	+$322K
221	221 iShares MSCI Pacific ex Japan ETF EPP $1.82B	$321K	0.02%	6,718	–	–
222	222 Moody's MCO $89.3B	$321K	0.02%	+2,178	New	+$321K
223	DFS 223 DELISTED Discover Financial Services DFS	$318K	0.02%	4,133 +465	+13%	+$35.8K
224	224 Regions Financial RF $23.8B	$318K	0.02%	+18,392	New	+$318K
225	225 Amgen AMGN $153B	$314K	0.02%	+1,806	New	+$314K