LAFFER INVESTMENTS Information

103 MURPHY COURT, NASHVILLE, Tennessee, 37203, (615) 460-0100

Report Date: 09/30/2014

Position Statistics

Total Positions 225
New Positions 44
Increased Positions 101
Decreased Positions 27
Positions with Activity 128
Sold Out Positions 7
Total Mkt Value (in $ millions) 615

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 4%
Capital Goods 1.26%
Conglomerates
Consumer Cyclical 3.36%
Consumer/Non-Cyclical 7.31%
Energy 7.45%
Financial 21.01%
Healthcare 5.5%
Services 26%
Technology 12.03%
Transportation 2.25%
Utilities 9.32%

225 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 16,647 1,646 10.97 140,010
OMEGA HEALTHCARE INVS INC COM 15,590 1,905 13.92 349,241
TARGET CORP COM 15,012 1,661 12.44 198,858
NORTHSTAR RLTY FIN CORP COM NEW 14,585 2,376 19.46 766,849
NEXTERA ENERGY INC COM 14,298 1,825 14.63 128,049
W P CAREY INC COM 13,266 1,527 13.01 181,376
BLACKROCK INC COM 13,205 1,538 13.18 38,060
MICROSOFT CORP COM 12,718 1,311 11.49 302,736
UNITED PARCEL SERVICE INC CL B 12,590 12,590 New 125,371
BCE INC COM NEW 12,408 1,544 14.21 268,284
COCA COLA CO COM 12,072 1,428 13.41 286,739
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 12,014 1,342 12.58 334,266
JOHNSON & JOHNSON COM 11,896 1,455 13.93 116,193
WILLIAMS COS INC DEL COM 11,895 1,103 10.22 272,876
HERCULES TECH GROWTH CAP INC COM 11,301 1,374 13.84 762,533
LYONDELLBASELL INDUSTRIES N V SHS - A - 11,047 1,077 10.80 142,052
GENERAL ELECTRIC CO COM 10,675 1,336 14.31 443,311
PHILIP MORRIS INTL INC COM 10,544 1,321 14.33 129,825
FORD MTR CO DEL COM PAR $0.01 10,541 1,237 13.29 709,845
GLAXOSMITHKLINE PLC SPONSORED ADR 10,484 1,479 16.43 232,147