Laffer Tengler Investments' Q1 2025 13F: 12 new positions, 26 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 14, 2025 · 132 reported positions · accession 0001172661-25-001805
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | DELL TECHNOLOGIES INC (DELL) | 1.3% | — | −1.3 pts | −55,782 sh | −100% |
| New | WILLIAMS COS INC (WMB) | — | 0.9% | +0.9 pts | +73,966 sh | new |
| Exited | TYLER TEX INDPT SCH DIST (TYL 0.25 03/15/26) | 0.5% | — | −0.5 pts | −2,262 sh | −100% |
| Exited | SOUTHWEST AIRLS CO (LUV) | 0.5% | — | −0.5 pts | −2,530 sh | −100% |
| Exited | VANGUARD INDEX FDS (VOO) | 0.4% | — | −0.4 pts | −3,625 sh | −100% |
| Exited | ADOBE INC (ADBE) | 0.3% | — | −0.3 pts | −3,971 sh | −100% |
| Exited | ISHARES TR (TFLO) | 0.3% | — | −0.3 pts | −33,734 sh | −100% |
| Reduced | APPLE INC (AAPL) | 2.5% | 2.1% | −0.4 pts | −6,930 sh | −13% |
| Exited | ISHARES TR (IWD) | 0.3% | — | −0.3 pts | −8,827 sh | −100% |
| New | ADVANCED ENERGY INDS (AEIS 2.5 09/15/28) | — | 0.3% | +0.3 pts | +1,385 sh | new |
| New | JANUS DETROIT STR TR (JAAA) | — | 0.3% | +0.3 pts | +27,956 sh | new |
| Exited | VANECK ETF TRUST (FLTR) | 0.3% | — | −0.3 pts | −57,317 sh | −100% |
| Reduced | COSTCO WHSL CORP NEW (COST) | 1.1% | 1.0% | −0.1 pts | −1,369 sh | −22% |
| New | KKR & CO INC (KKRPRD) | — | 0.3% | +0.3 pts | +24,420 sh | new |
| New | MICROCHIP TECHNOLOGY INC. (MCHPP) | — | 0.2% | +0.2 pts | +23,230 sh | new |
| Increased | INVESCO ACTIVELY MANAGED EXC (VRIG) | 0.3% | 0.6% | +0.3 pts | +45,374 sh | +71% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 2.9% | 2.9% | +0.1 pts | −4,500 sh | −7% |
| Exited | ADVANCED MICRO DEVICES INC (AMD) | 0.2% | — | −0.2 pts | −9,840 sh | −100% |
| New | BLACKROCK ETF TRUST II (BINC) | — | 0.2% | +0.2 pts | +20,421 sh | new |
| Reduced | US BANCORP DEL (USB) | 0.3% | 0.1% | −0.2 pts | −22,500 sh | −65% |
| Increased | UBER TECHNOLOGIES INC (UBER) | 0.8% | 1.3% | +0.5 pts | +12,844 sh | +18% |
| Exited | ISHARES TR (IVW) | 0.2% | — | −0.2 pts | −9,937 sh | −100% |
| Reduced | MICROSOFT CORP (MSFT) | 4.1% | 3.8% | −0.3 pts | −2,352 sh | −5% |
| New | NETFLIX INC (NFLX) | — | 0.2% | +0.2 pts | +939 sh | new |
| Increased | CHIPOTLE MEXICAN GRILL INC (CMG) | 1.2% | 1.2% | +0.1 pts | +16,708 sh | +17% |
| Increased | PALANTIR TECHNOLOGIES INC (PLTR) | 0.0% | 0.2% | +0.2 pts | +9,862 sh | +334% |
| New | EQT CORP (EQT) | — | 0.2% | +0.2 pts | +14,930 sh | new |
| Reduced | AMERICAN EXPRESS CO (AXP) | 3.3% | 3.1% | −0.2 pts | −2,914 sh | −5% |
| Reduced | ORACLE CORP (ORCL) | 2.3% | 1.9% | −0.4 pts | −5,016 sh | −7% |
| Reduced | MCDONALDS CORP (MCD) | 1.7% | 1.8% | +0.1 pts | −2,236 sh | −7% |
| Reduced | STRYKER CORPORATION (SYK) | 0.5% | 0.4% | −0.1 pts | −1,874 sh | −25% |
| Increased | JOHNSON & JOHNSON (JNJ) | 1.5% | 2.0% | +0.5 pts | +3,728 sh | +7% |
| Increased | TESLA INC (TSLA) | 0.9% | 0.8% | −0.2 pts | +2,331 sh | +20% |
| Increased | NVIDIA CORPORATION (NVDA) | 0.9% | 0.9% | 0.0 pts | +5,179 sh | +15% |
| Reduced | APOLLO GLOBAL MGMT INC (APOPRA) | 1.0% | 0.8% | −0.2 pts | −7,145 sh | −12% |
| Exited | PUBLIC STORAGE OPER CO (PSA) | 0.1% | — | −0.1 pts | −1,808 sh | −100% |
| Reduced | VISA INC (V) | 0.6% | 0.7% | 0.0 pts | −1,390 sh | −13% |
| New | SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | — | 0.1% | +0.1 pts | +519 sh | new |
| Increased | ARES MANAGEMENT CORPORATION (ARESPRB) | 0.6% | 0.7% | +0.1 pts | +10,030 sh | +18% |
| Reduced | MEDTRONIC PLC (MDT) | 0.9% | 1.0% | +0.1 pts | −5,265 sh | −9% |
| Reduced | STEEL DYNAMICS INC (STLD) | 1.4% | 1.6% | +0.2 pts | −3,779 sh | −6% |
| Reduced | EQUINIX INC (EQIX) | 0.5% | 0.4% | −0.1 pts | −576 sh | −19% |
| Reduced | COMCAST CORP NEW (CMCSA) | 0.2% | 0.1% | −0.1 pts | −12,574 sh | −49% |
| Reduced | RTX CORPORATION (RTX) | 1.9% | 2.2% | +0.4 pts | −3,451 sh | −4% |
| Increased | PALO ALTO NETWORKS INC (PANW) | 1.6% | 1.7% | +0.1 pts | +2,628 sh | +6% |
| Reduced | CARRIER GLOBAL CORPORATION (CARR) | 1.8% | 1.7% | −0.1 pts | −6,935 sh | −5% |
| Increased | NEXTERA ENERGY INC (NEE) | 0.9% | 1.0% | +0.2 pts | +5,928 sh | +10% |
| Reduced | TEXAS INSTRS INC (TXN) | 1.4% | 1.4% | 0.0 pts | −2,282 sh | −6% |
| Increased | GOLDMAN SACHS GROUP INC (GS) | 3.1% | 3.2% | +0.2 pts | +680 sh | +3% |
| Increased | SERVICENOW INC (NOW) | 1.8% | 1.6% | −0.3 pts | +452 sh | +5% |
The 50 largest of 139 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 — 29.9% of the equity book
Changes in the top 10 this quarter: CVX entered · RTX entered · AAPL left · ORCL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MICROSOFT CORP (MSFT) | 4.1% | 3.8% | |
| 2 | BROADCOM INC (AVGO) | 5.0% | 3.8% | |
| 3 | GOLDMAN SACHS GROUP INC (GS) | 3.1% | 3.2% | |
| 4 | AMERICAN EXPRESS CO (AXP) | 3.3% | 3.1% | |
| 5 | WALMART INC (WMT) | 3.0% | 3.1% | |
| 6 | ABBVIE INC (ABBV) | 2.2% | 2.9% | |
| 7 | JPMORGAN CHASE & CO. (JPM) | 2.9% | 2.9% | |
| 8 | HOME DEPOT INC (HD) | 2.4% | 2.5% | |
| 9 | CHEVRON CORP NEW (CVX) | 1.8% | 2.3% | Entered the top 10 |
| 10 | RTX CORPORATION (RTX) | 1.9% | 2.2% | Entered the top 10 |
| — | APPLE INC (AAPL) | 2.5% | 2.1% | Left the top 10 |
| — | ORACLE CORP (ORCL) | 2.3% | 1.9% | 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).