LAFFER INVESTMENTS Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 224
New Positions 44
Increased Positions 101
Decreased Positions 27
Positions with Activity 128
Sold Out Positions 7
Total Mkt Value (in $ millions) 629

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

Sector Weighting

Basic Materials 4.13%
Capital Goods 1.3%
Conglomerates
Consumer Cyclical 3.45%
Consumer/Non-Cyclical 7.34%
Energy 8.02%
Financial 21.52%
Healthcare 5.49%
Services 24.96%
Technology 12.48%
Transportation 2.26%
Utilities 8.56%

101 INCREASED Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 17,986 1,778 10.97 140,010
TARGET CORP COM 15,278 1,691 12.44 198,858
NORTHSTAR RLTY FIN CORP COM NEW 14,739 2,401 19.46 766,849
BLACKROCK INC COM 14,136 1,646 13.18 38,060
OMEGA HEALTHCARE INVS INC COM 13,991 1,710 13.92 349,241
WILLIAMS COS INC DEL COM 13,382 1,241 10.22 272,876
MICROSOFT CORP COM 13,275 1,368 11.49 302,736
NEXTERA ENERGY INC COM 13,248 1,691 14.63 128,049
UNITED PARCEL SERVICE INC CL B 12,754 12,754 New 125,371
W P CAREY INC COM 12,439 1,432 13.01 181,376
COCA COLA CO COM 12,416 1,468 13.41 286,739
LYONDELLBASELL INDUSTRIES N V SHS - A - 12,204 1,189 10.80 142,052
JOHNSON & JOHNSON COM 11,911 1,457 13.93 116,193
HERCULES TECH GROWTH CAP INC COM 11,857 1,441 13.84 762,533
BCE INC COM NEW 11,754 1,463 14.21 268,284
FORD MTR CO DEL COM PAR $0.01 11,599 1,361 13.29 709,845
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 11,552 1,291 12.58 334,266
GENERAL ELECTRIC CO COM 11,522 1,442 14.31 443,311
GLAXOSMITHKLINE PLC SPONSORED ADR 11,008 1,553 16.43 232,147
PHILIP MORRIS INTL INC COM 10,770 1,350 14.33 129,825