Laffer Tengler Investments' Q4 2021 13F: 13 new positions, 113 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 11, 2022 · 384 reported positions · accession 0000909012-22-000038
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | blackstone mortgage trust inc (BXMT 4.75 03/15/23) | — | 0.7% | +0.7 pts | +2,449 sh | new |
| Exited | Goldman Sachs Finance Corp | 0.6% | — | −0.6 pts | −2,100 sh | −100% |
| Exited | US Bank Cincinnati | 0.6% | — | −0.6 pts | −2,100 sh | −100% |
| Exited | Bank of America Corp | 0.6% | — | −0.6 pts | −2,100 sh | −100% |
| Exited | 3M Company | 0.6% | — | −0.6 pts | −2,000 sh | −100% |
| Exited | Proctor & Gamble Co (PG) | 0.6% | — | −0.6 pts | −2,000 sh | −100% |
| Exited | General Electric Co | 0.6% | — | −0.6 pts | −2,000 sh | −100% |
| Exited | United Parcel Services (UPS) | 0.6% | — | −0.6 pts | −1,950 sh | −100% |
| Exited | US Bank Cincinnati | 0.4% | — | −0.4 pts | −1,500 sh | −100% |
| Exited | Colgate-Palmolive | 0.4% | — | −0.4 pts | −1,400 sh | −100% |
| Exited | Florida Power & Light Co | 0.4% | — | −0.4 pts | −1,400 sh | −100% |
| Reduced | on semiconductor corp (ON 1.625 10/15/23) | 1.1% | 1.3% | +0.2 pts | −347 sh | −20% |
| New | SPDR Barclays Convertible Securities ETF (CWB) | — | 0.3% | +0.3 pts | +12,455 sh | new |
| Exited | Florida Power & Light Co | 0.2% | — | −0.2 pts | −700 sh | −100% |
| Exited | Texaco Capital Inc | 0.2% | — | −0.2 pts | −675 sh | −100% |
| Exited | Colgate-Palmolive Co | 0.2% | — | −0.2 pts | −600 sh | −100% |
| Increased | steel dynamics inc (STLD) | 0.5% | 0.7% | +0.2 pts | +9,367 sh | +29% |
| Exited | roku inc cl a (ROKU) | 0.1% | — | −0.1 pts | −1,448 sh | −100% |
| Increased | xylem inc (XYL) | 0.4% | 0.5% | +0.1 pts | +3,360 sh | +28% |
| Increased | lam research corp (LRCX) | 1.1% | 1.6% | +0.4 pts | +560 sh | +8% |
| Exited | ishares u.s. infrastructure etf (IFRA) | 0.1% | — | −0.1 pts | −11,014 sh | −100% |
| Increased | adobe systems incorporated (ADBE) | 0.4% | 0.5% | +0.1 pts | +656 sh | +27% |
| Exited | zillow group inc cl c cap stock (Z) | 0.1% | — | −0.1 pts | −3,786 sh | −100% |
| Exited | union carbide corp | 0.1% | — | −0.1 pts | −172 sh | −100% |
| Reduced | palo alto networks inc (PANW) | 0.7% | 0.8% | 0.0 pts | −526 sh | −10% |
| Reduced | ishares 0-5 year investment grade corporate bond (SLQD) | 1.0% | 0.9% | −0.1 pts | −5,685 sh | −8% |
| Increased | servicenow inc (NOW) | 0.8% | 0.9% | +0.1 pts | +425 sh | +10% |
| Increased | cvs health corp (CVS) | 0.7% | 0.9% | +0.2 pts | +2,540 sh | +9% |
| Increased | johnson & johnson (JNJ) | 1.4% | 1.5% | +0.2 pts | +1,527 sh | +5% |
| Exited | hsbc usa inc | 0.1% | — | −0.1 pts | −142 sh | −100% |
| Reduced | ishares 1-5 year investment grade corporate bond (IGSB) | 1.3% | 1.2% | −0.1 pts | −4,293 sh | −5% |
| Reduced | southwest airlines co (LUV) | 0.1% | 0.0% | −0.1 pts | −5,200 sh | −99% |
| Increased | fedex corp (FDX) | 0.5% | 0.7% | +0.2 pts | +858 sh | +10% |
| Exited | fast retailing co ltd unsponsord adr (FRCOY) | 0.1% | — | −0.1 pts | −2,926 sh | −100% |
| Increased | equinix inc (EQIX) | 0.4% | 0.4% | +0.1 pts | +252 sh | +16% |
| Increased | unitedhealth group inc (UNH) | 0.4% | 0.5% | +0.2 pts | +422 sh | +14% |
| Increased | costco wholesale corp (COST) | 0.6% | 0.8% | +0.2 pts | +372 sh | +8% |
| Increased | honeywell intl inc (HON) | 0.7% | 0.8% | 0.0 pts | +1,000 sh | +9% |
| Increased | oreilly automotive inc (ORLY) | 0.4% | 0.5% | +0.1 pts | +294 sh | +13% |
| Exited | wells fargo & co (WFC) | 0.1% | — | −0.1 pts | −200 sh | −100% |
| Increased | fortinet inc (FTNT) | 0.4% | 0.5% | +0.1 pts | +566 sh | +13% |
| Increased | BLOCK INC (XYZ) | 0.4% | 0.3% | −0.1 pts | +1,255 sh | +24% |
| Increased | chipotle mexican grill inc (CMG) | 0.7% | 0.7% | 0.0 pts | +112 sh | +8% |
| Increased | alphabet inc cap stock cl a (GOOGL) | 0.4% | 0.5% | +0.1 pts | +67 sh | +14% |
| Increased | corning inc (GLW) | 0.4% | 0.4% | +0.1 pts | +5,070 sh | +15% |
| Increased | texas instruments inc (TXN) | 1.4% | 1.4% | 0.0 pts | +944 sh | +4% |
| Increased | goldman sachs group inc (GS) | 1.3% | 1.4% | +0.1 pts | +463 sh | +4% |
| New | teck resources ltd cl b (TECK) | — | 0.0% | 0.0 pts | +5,999 sh | new |
| Increased | regeneron pharmaceuticals (REGN) | 0.4% | 0.4% | +0.1 pts | +266 sh | +13% |
| Increased | jacobs engineering group inc (J) | 0.3% | 0.4% | +0.1 pts | +1,202 sh | +16% |
The 50 largest of 339 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- innovator etfs tr ii s&p inv grd pfd (EPRF): 45783G201 → 45783Y822, 91,716 → 45,632 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 17.1% of the equity book
Changes in the top 10 this quarter: LRCX entered · ABBV entered · HASI 4.125 09/01/22 left · IGSB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | apple inc (AAPL) | 1.8% | 2.3% | |
| 2 | microsoft corp (MSFT) | 1.9% | 2.2% | |
| 3 | danaher corporation 4.75 mnd conv pfd (DHRPRA) | 2.0% | 2.1% | |
| 4 | broadcom inc 8 percent mcnv pfd sr a (AVGOP) | 1.3% | 1.7% | |
| 5 | home depot inc (HD) | 1.3% | 1.6% | |
| 6 | lam research corp (LRCX) | 1.1% | 1.6% | Entered the top 10 |
| 7 | johnson & johnson (JNJ) | 1.4% | 1.5% | |
| 8 | texas instruments inc (TXN) | 1.4% | 1.4% | |
| 9 | goldman sachs group inc (GS) | 1.3% | 1.4% | |
| 10 | abbvie inc (ABBV) | 1.1% | 1.4% | Entered the top 10 |
| — | hannon armstrong sust infr cap (HASI 4.125 09/01/22) | 1.3% | 1.3% | Left the top 10 |
| — | ishares 1-5 year investment grade corporate bond (IGSB) | 1.3% | 1.2% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).