LAFFER INVESTMENTS Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 204
New Positions 14
Increased Positions 56
Decreased Positions 131
Positions with Activity 187
Sold Out Positions 23
Total Mkt Value (in $ millions) 590

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

Sector Weighting

Basic Materials 4.37%
Capital Goods 1.25%
Conglomerates
Consumer Cyclical 3.46%
Consumer/Non-Cyclical 8.34%
Energy 10.47%
Financial 20.78%
Healthcare 4.96%
Services 23.99%
Technology 11.72%
Transportation 0.24%
Utilities 9.01%

131 DECREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
WILLIAMS COS INC DEL COM 14,438 -3,255 (18.4) 247,566
SPDR S&P 500 ETF TR TR UNIT 6,014 -80 (1.31) 30,146
ISHARES NW ZEALND CP ETF 5,426 -357 (6.18) 133,686
WELLS FARGO & CO NEW PERP PFD CNV A 3,701 -172 (4.44) 3,034
BRISTOL MYERS SQUIBB CO COM 3,683 -96 (2.53) 73,674
ALLERGAN INC COM 3,290 -1,144 (25.81) 20,012
MORGAN STANLEY COM NEW 3,133 -169 (5.11) 94,846
SEAGATE TECHNOLOGY PLC SHS 3,079 -230 (6.95) 50,951
DOMINION RES INC VA NEW CRP UNIT 2013 B 2,986 -108 (3.49) 52,128
APPLIED MATLS INC COM 2,977 -373 (11.15) 134,118
DANAHER CORP DEL COM 2,929 -207 (6.61) 37,816
EXPEDIA INC DEL COM NEW 2,898 -673 (18.84) 33,315
SAFEWAY INC COM NEW 2,889 -18 (0.63) 83,481
CORNING INC COM 2,886 -400 (12.16) 139,761
NEXTERA ENERGY INC CORP UNIT 2,856 -146 (4.86) 45,529
VALERO ENERGY CORP NEW COM 2,853 -541 (15.93) 53,325
LORILLARD INC COM 2,827 -358 (11.23) 46,786
NEXTERA ENERGY INC CORP UNIT 2,825 -234 (7.66) 44,040
MARSH & MCLENNAN COS INC COM 2,800 -215 (7.14) 53,562
ACE LIMITED SHS 2,799 -165 (5.57) 26,584