LAFFER INVESTMENTS Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 227
New Positions 10
Increased Positions 63
Decreased Positions 74
Positions with Activity 137
Sold Out Positions 48
Total Mkt Value (in $ millions) 646

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 3.41%
Conglomerates
Consumer Cyclical 3.37%
Consumer/Non-Cyclical 7.33%
Energy 5.65%
Financial 21.46%
Healthcare 7.47%
Services 23.97%
Technology 11.4%
Transportation 2.39%
Utilities 8.36%

63 INCREASED Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MICROSOFT CORP COM 15,911 1,773 12.54 340,701
PAYCHEX INC COM 15,511 12,942 503.98 334,279
WILLIAMS COS INC DEL COM 15,446 1,125 7.86 294,313
LYONDELLBASELL INDUSTRIES N V SHS - A - 15,201 1,872 14.05 162,005
NEXTERA ENERGY INC COM 14,584 1,113 8.26 138,627
JPMORGAN CHASE & CO COM 14,528 14,528 New 211,993
UNITED PARCEL SERVICE INC CL B 14,267 1,434 11.17 139,380
BLACKROCK INC COM 14,119 1,319 10.31 41,982
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 14,116 1,488 11.78 373,648
BOEING CO COM 14,013 14,013 New 97,196
NORTHSTAR RLTY FIN CORP COM NEW 13,779 1,510 12.31 861,210
OMEGA HEALTHCARE INVS INC COM 13,615 951 7.51 375,471
CISCO SYS INC COM 13,275 13,275 New 467,085
PFIZER INC COM 13,098 13,098 New 363,223
COCA COLA CO COM 12,978 1,199 10.18 315,921
GENERAL ELECTRIC CO COM 12,908 1,337 11.56 494,545
JOHNSON & JOHNSON COM 12,713 1,069 9.18 126,859
W P CAREY INC COM 12,308 1,209 10.90 201,139
PHILIP MORRIS INTL INC COM 12,160 1,056 9.51 142,171
BCE INC COM NEW 12,139 1,102 9.98 295,067