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) 575

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

Sector Weighting

Basic Materials 3.94%
Capital Goods 1.22%
Conglomerates
Consumer Cyclical 3.23%
Consumer/Non-Cyclical 8.66%
Energy 9.62%
Financial 21.95%
Healthcare 5.13%
Services 24.37%
Technology 11.98%
Transportation 0.23%
Utilities 9.16%

56 INCREASED Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
APPLE INC COM 13,467 1,313 10.80 126,168
MICROSOFT CORP COM 12,623 1,053 9.10 271,531
OMEGA HEALTHCARE INVS INC COM 12,097 968 8.70 306,566
NORTHSTAR RLTY FIN CORP COM NEW 11,619 1,034 9.77 641,918
LYONDELLBASELL INDUSTRIES N V SHS - A - 11,440 937 8.93 128,207
BLACKROCK INC COM 11,076 1,445 15.00 33,628
NEXTERA ENERGY INC COM 11,074 725 7.01 111,708
ONEOK INC NEW COM 11,041 677 6.53 184,386
TARGET CORP COM 10,726 1,397 14.97 176,854
JOHNSON & JOHNSON COM 10,687 844 8.57 101,984
W P CAREY INC COM 10,584 1,369 14.86 160,492
ACCESS MIDSTREAM PARTNERS L P UNIT 10,451 757 7.81 164,169
HERCULES TECH GROWTH CAP INC COM 10,436 1,376 15.19 669,846
BCE INC COM NEW 10,366 1,430 16 234,898
COCA COLA CO COM 10,255 1,271 14.15 252,830
AMERICAN RLTY CAP PPTYS INC COM 10,127 1,443 16.62 817,975
GENERAL MLS INC COM 10,064 1,278 14.55 195,870
GENERAL ELECTRIC CO COM 10,037 1,445 16.82 387,816
PHILIP MORRIS INTL INC COM 10,024 1,047 11.67 113,555
SEADRILL PARTNERS LLC COMUNIT REP LB 9,856 9,856 New 341,379