Laffer Tengler Investments' Q4 2024 13F is in
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 6, 2025 · 146 reported positions · accession 0001172661-25-000528
This filing covers a somewhat different set of reporting entities than the fund's prior filing, so a few of the changes below may reflect that rather than trading.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | US BANCORP DEL (USB) | 2.4% | 0.3% | −2.0 pts | −220K sh | −86% |
| Reduced | APPLE INC (AAPL) | 4.2% | 2.5% | −1.6 pts | −36,569 sh | −41% |
| Increased | MICROSOFT CORP (MSFT) | 3.5% | 4.1% | +0.6 pts | +9,806 sh | +24% |
| Reduced | PEPSICO INC (PEP) | 0.9% | 0.1% | −0.9 pts | −24,410 sh | −92% |
| New | BOEING CO (BAPRA) | — | 0.6% | +0.6 pts | +52,765 sh | new |
| New | ARES MANAGEMENT CORPORATION (ARESPRB) | — | 0.6% | +0.6 pts | +56,585 sh | new |
| Exited | DEXCOM INC (DXCM 0.25 11/15/25) | 0.6% | — | −0.6 pts | −2,847 sh | −100% |
| Reduced | LOCKHEED MARTIN CORP (LMT) | 0.8% | 0.1% | −0.7 pts | −5,765 sh | −83% |
| Exited | FORD MTR CO (F 0 03/15/26) | 0.5% | — | −0.5 pts | −2,652 sh | −100% |
| Exited | PROSPECT CAP CORP (PSEC 6.375 03/01/25) | 0.5% | — | −0.5 pts | −2,548 sh | −100% |
| New | CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | — | 0.5% | +0.5 pts | +2,544 sh | new |
| Exited | NICE LTD | 0.5% | — | −0.5 pts | −2,511 sh | −100% |
| Increased | GOLDMAN SACHS GROUP INC (GS) | 2.3% | 3.1% | +0.7 pts | +3,963 sh | +17% |
| Increased | WALMART INC (WMT) | 2.3% | 3.0% | +0.6 pts | +24,679 sh | +17% |
| Increased | SPOTIFY TECHNOLOGY S A (SPOT) | 0.6% | 1.2% | +0.5 pts | +4,976 sh | +61% |
| Increased | EOG RES INC (EOG) | 1.0% | 1.4% | +0.4 pts | +17,213 sh | +42% |
| Reduced | ADOBE INC (ADBE) | 0.9% | 0.3% | −0.5 pts | −4,572 sh | −54% |
| New | UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | — | 0.4% | +0.4 pts | +1,820 sh | new |
| Increased | AMERICAN EXPRESS CO (AXP) | 2.7% | 3.3% | +0.6 pts | +6,709 sh | +13% |
| New | VANGUARD INDEX FDS (VOO) | — | 0.4% | +0.4 pts | +3,625 sh | new |
| Reduced | MOTOROLA SOLUTIONS INC (MSI) | 0.4% | 0.0% | −0.4 pts | −4,150 sh | −89% |
| Exited | EATON CORP PLC (ETN) | 0.4% | — | −0.4 pts | −5,483 sh | −100% |
| Increased | EMERSON ELEC CO (EMR) | 1.5% | 2.0% | +0.5 pts | +15,029 sh | +23% |
| Increased | AMERICAN WTR CAP CORP (AWK 3.625 06/15/26) | 0.2% | 0.5% | +0.3 pts | +1,806 sh | +245% |
| Increased | HOME DEPOT INC (HD) | 2.3% | 2.4% | +0.2 pts | +4,460 sh | +16% |
| Increased | JPMORGAN CHASE & CO. (JPM) | 2.3% | 2.9% | +0.6 pts | +7,227 sh | +14% |
| Increased | CARRIER GLOBAL CORPORATION (CARR) | 1.8% | 1.8% | 0.0 pts | +24,504 sh | +22% |
| Reduced | PALANTIR TECHNOLOGIES INC (PLTR) | 0.2% | 0.0% | −0.1 pts | −22,045 sh | −88% |
| Increased | ALPHABET INC (GOOGL) | 1.7% | 2.2% | +0.5 pts | +8,764 sh | +18% |
| New | ISHARES TR (IWD) | — | 0.3% | +0.3 pts | +8,827 sh | new |
| Increased | BROOKFIELD ASSET MANAGMT LTD (BAM) | 1.1% | 1.6% | +0.4 pts | +28,768 sh | +24% |
| Exited | JAZZ PHARMACEUTICALS PLC (JAZZ) | 0.3% | — | −0.3 pts | −13,450 sh | −100% |
| Increased | RTX CORPORATION (RTX) | 1.7% | 1.9% | +0.2 pts | +12,788 sh | +18% |
| New | TETRA TECH INC NEW (TTEK 2.25 08/15/28) | — | 0.3% | +0.3 pts | +1,235 sh | new |
| Increased | ABBVIE INC (ABBV) | 2.3% | 2.2% | 0.0 pts | +7,853 sh | +14% |
| Exited | VANGUARD WHITEHALL FDS (VYM) | 0.3% | — | −0.3 pts | −10,102 sh | −100% |
| Exited | PARKER-HANNIFIN CORP (PH) | 0.3% | — | −0.3 pts | −2,000 sh | −100% |
| Increased | STEEL DYNAMICS INC (STLD) | 1.3% | 1.4% | +0.1 pts | +11,308 sh | +21% |
| Increased | MCDONALDS CORP (MCD) | 1.6% | 1.7% | +0.1 pts | +4,352 sh | +17% |
| Increased | NEXTERA ENERGY INC (NEE) | 0.8% | 0.9% | +0.1 pts | +17,453 sh | +40% |
| Increased | ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 0.4% | 0.6% | +0.2 pts | +1,258 sh | +68% |
| Increased | SERVICENOW INC (NOW) | 1.4% | 1.8% | +0.4 pts | +1,099 sh | +14% |
| Increased | PALO ALTO NETWORKS INC (PANW) | 1.3% | 1.6% | +0.3 pts | +6,398 sh | +17% |
| Increased | CHIPOTLE MEXICAN GRILL INC (CMG) | 0.9% | 1.2% | +0.2 pts | +18,962 sh | +24% |
| Increased | STARBUCKS CORP (SBUX) | 1.1% | 1.3% | +0.1 pts | +12,148 sh | +21% |
| Increased | L3HARRIS TECHNOLOGIES INC (LHX) | 1.2% | 1.2% | +0.1 pts | +5,246 sh | +22% |
| Increased | TEXAS INSTRS INC (TXN) | 1.3% | 1.4% | +0.1 pts | +5,727 sh | +18% |
| Increased | NVIDIA CORPORATION (NVDA) | 0.7% | 0.9% | +0.2 pts | +7,217 sh | +26% |
| Reduced | JOHNSON & JOHNSON (JNJ) | 2.0% | 1.5% | −0.4 pts | −6,339 sh | −10% |
| Exited | INVESCO QQQ TR (QQQ) | 0.2% | — | −0.2 pts | −1,804 sh | −100% |
The 50 largest of 165 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:
- LAM RESEARCH CORP (LRCX): 512807108 → 512807306, 9,474 → 106K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 30.8% of the equity book
Changes in the top 10 this quarter: HD entered · USB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BROADCOM INC (AVGO) | 3.7% | 5.0% | |
| 2 | MICROSOFT CORP (MSFT) | 3.5% | 4.1% | |
| 3 | AMERICAN EXPRESS CO (AXP) | 2.7% | 3.3% | |
| 4 | GOLDMAN SACHS GROUP INC (GS) | 2.3% | 3.1% | |
| 5 | WALMART INC (WMT) | 2.3% | 3.0% | |
| 6 | JPMORGAN CHASE & CO. (JPM) | 2.3% | 2.9% | |
| 7 | APPLE INC (AAPL) | 4.2% | 2.5% | |
| 8 | HOME DEPOT INC (HD) | 2.3% | 2.4% | Entered the top 10 |
| 9 | ORACLE CORP (ORCL) | 2.3% | 2.3% | |
| 10 | ABBVIE INC (ABBV) | 2.3% | 2.2% | |
| — | US BANCORP DEL (USB) | 2.4% | 0.3% | 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).