Laffer Tengler Investments' Q1 2022 13F: 46 new positions, 12 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 13, 2022 · 418 reported positions · accession 0000909012-22-000074
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | hannon armstrong sust infr cap (HASI 4.125 09/01/22) | 1.3% | — | −1.3 pts | −2,217 sh | −100% |
| New | kkr real estate fin tr inc (KREF 6.125 05/15/23) | — | 1.1% | +1.1 pts | +3,504 sh | new |
| New | ford motor co (F 0 03/15/26) | — | 1.0% | +1.0 pts | +2,762 sh | new |
| Exited | fortive corp (FTV 0.875 02/15/22) | 0.9% | — | −0.9 pts | −3,207 sh | −100% |
| Increased | l3harris technologies inc (LHX) | 0.1% | 0.9% | +0.8 pts | +9,755 sh | +436% |
| Exited | hercules capital inc (HTGC) | 0.7% | — | −0.7 pts | −2,352 sh | −100% |
| New | ugi corp unit 06/01/24 (UGIC) | — | 0.6% | +0.6 pts | +24,170 sh | new |
| Exited | bunge limited 4.875 percent conv pfd (BGEPF) | 0.6% | — | −0.6 pts | −17,566 sh | −100% |
| New | aptiv plc 5.5 percent conv pfd a (APTVPRA) | — | 0.5% | +0.5 pts | +11,790 sh | new |
| Exited | blackrock tcp capital corp (TCPC 4.625 03/01/22) | 0.4% | — | −0.4 pts | −1,466 sh | −100% |
| Reduced | honeywell intl inc (HON) | 0.8% | 0.3% | −0.4 pts | −6,930 sh | −55% |
| Reduced | costco wholesale corp (COST) | 0.8% | 0.5% | −0.4 pts | −2,311 sh | −46% |
| Increased | coca-cola co (KO) | 0.7% | 1.1% | +0.4 pts | +17,559 sh | +45% |
| Increased | lowes cos inc (LOW) | 0.3% | 0.6% | +0.3 pts | +5,227 sh | +123% |
| Reduced | blackrock inc (BLK) | 0.9% | 0.5% | −0.4 pts | −1,302 sh | −39% |
| Reduced | goldman sachs group inc (GS) | 1.4% | 1.0% | −0.4 pts | −2,901 sh | −23% |
| New | Aflac Inc (AFL) | — | 0.3% | +0.3 pts | +14,640 sh | new |
| Reduced | 3m co (MMM) | 0.4% | 0.1% | −0.3 pts | −6,266 sh | −75% |
| Reduced | medtronic plc (MDT) | 0.9% | 0.7% | −0.2 pts | −7,894 sh | −27% |
| Increased | nextera energy inc (NEE) | 0.1% | 0.3% | +0.2 pts | +8,701 sh | +396% |
| Increased | chubb limited (CB) | 0.1% | 0.4% | +0.2 pts | +3,383 sh | +131% |
| New | Devon Energy Corp (DVN) | — | 0.2% | +0.2 pts | +12,055 sh | new |
| Reduced | dominion energy inc (D) | 0.2% | 0.0% | −0.2 pts | −6,997 sh | −100% |
| Exited | discovery inc ser c (DISCK) | 0.2% | — | −0.2 pts | −27,633 sh | −100% |
| Increased | stryker corporation (SYK) | 0.1% | 0.3% | +0.2 pts | +2,212 sh | +116% |
| Increased | berkshire hathaway inc cl b new (BRK-B) | 0.0% | 0.2% | +0.2 pts | +1,582 sh | +15820% |
| Reduced | cvs health corp (CVS) | 0.9% | 0.7% | −0.1 pts | −5,473 sh | −19% |
| New | tractor supply co (TSCO) | — | 0.2% | +0.2 pts | +2,253 sh | new |
| Reduced | irobot corp (IRBT) | 0.2% | 0.0% | −0.2 pts | −8,067 sh | −100% |
| Increased | interpublic group cos inc (IPG) | 0.1% | 0.3% | +0.2 pts | +14,335 sh | +113% |
| Increased | Public Storage Inc (PSA) | 0.5% | 0.7% | +0.2 pts | +1,222 sh | +27% |
| Increased | texas instruments inc (TXN) | 1.4% | 1.6% | +0.2 pts | +2,528 sh | +10% |
| Reduced | abbvie inc (ABBV) | 1.4% | 1.6% | +0.2 pts | −2,736 sh | −8% |
| New | jpmorgan equity premium income etf (JEPI) | — | 0.1% | +0.1 pts | +7,160 sh | new |
| Reduced | zebra technologies corporation cl a (ZBRA) | 0.2% | 0.0% | −0.2 pts | −961 sh | −98% |
| New | danaher corporation (DHR) | — | 0.1% | +0.1 pts | +1,352 sh | new |
| Reduced | ishares 0-5 year investment grade corporate bond (SLQD) | 0.9% | 0.8% | −0.1 pts | −7,621 sh | −12% |
| Reduced | starbucks corp (SBUX) | 1.3% | 1.0% | −0.4 pts | −4,131 sh | −10% |
| Reduced | pulte group inc (PHM) | 0.2% | 0.1% | −0.2 pts | −8,774 sh | −58% |
| Increased | wells fargo co perp conv pfd a (WFCPRL) | 1.0% | 1.0% | 0.0 pts | +266 sh | +12% |
| Reduced | ishares interest rate hedged high yield bond etf (HYGH) | 0.3% | 0.2% | −0.1 pts | −3,842 sh | −34% |
| Reduced | home depot inc (HD) | 1.6% | 1.1% | −0.5 pts | −1,110 sh | −8% |
| Reduced | steel dynamics inc (STLD) | 0.7% | 1.0% | +0.2 pts | −3,711 sh | −9% |
| Exited | borgwarner inc (BWA) | 0.1% | — | −0.1 pts | −7,064 sh | −100% |
| Reduced | ishares 1-5 year investment grade corporate bond (IGSB) | 1.2% | 1.1% | −0.1 pts | −5,821 sh | −8% |
| Reduced | palo alto networks inc (PANW) | 0.8% | 0.8% | 0.0 pts | −465 sh | −10% |
| Increased | Vaneck Etf Tr (FLTR) | 0.0% | 0.1% | +0.1 pts | +10,961 sh | +183% |
| Increased | ISHARES TR RESIDENTIAL MULT (REZ) | 0.1% | 0.1% | +0.1 pts | +2,664 sh | +143% |
| Reduced | kimberly-clark corp (KMB) | 0.1% | 0.0% | −0.1 pts | −1,917 sh | −99% |
| Increased | caterpillar inc (CAT) | 0.2% | 0.3% | +0.1 pts | +1,077 sh | +27% |
The 50 largest of 271 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
Top 10 positions — 17.2% of the equity book
Changes in the top 10 this quarter: PXD 0.25 05/15/25 entered · AVGO entered · ON 1.625 10/15/23 entered · HD left · LRCX left · GS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | apple inc (AAPL) | 2.3% | 2.3% | |
| 2 | microsoft corp (MSFT) | 2.2% | 2.1% | |
| 3 | danaher corporation 4.75 mnd conv pfd (DHRPRA) | 2.1% | 2.0% | |
| 4 | pioneer natural resources co (PXD 0.25 05/15/25) | 1.3% | 1.9% | Entered the top 10 |
| 5 | broadcom inc 8 percent mcnv pfd sr a (AVGOP) | 1.7% | 1.7% | |
| 6 | johnson & johnson (JNJ) | 1.5% | 1.6% | |
| 7 | abbvie inc (ABBV) | 1.4% | 1.6% | |
| 8 | texas instruments inc (TXN) | 1.4% | 1.6% | |
| 9 | broadcom inc (AVGO) | 1.3% | 1.3% | Entered the top 10 |
| 10 | on semiconductor corp (ON 1.625 10/15/23) | 1.3% | 1.2% | Entered the top 10 |
| — | home depot inc (HD) | 1.6% | 1.1% | Left the top 10 |
| — | lam research corp (LRCX) | 1.6% | 1.2% | Left the top 10 |
| — | goldman sachs group inc (GS) | 1.4% | 1.0% | 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).