Chief Executive Officer

0000909012-18-000023.txt : 20180213 0000909012-18-000023.hdr.sgml : 20180213 20180213111242 ACCESSION NUMBER: 0000909012-18-000023 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180213 DATE AS OF CHANGE: 20180213 EFFECTIVENESS DATE: 20180213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Laffer Investments CENTRAL INDEX KEY: 0001307878 IRS NUMBER: 200536838 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10975 FILM NUMBER: 18600774 BUSINESS ADDRESS: STREET 1: 103 MURPHY COURT CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6154600100 MAIL ADDRESS: STREET 1: 103 MURPHY COURT CITY: NASHVILLE STATE: TN ZIP: 37203 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001307878 XXXXXXXX 12-31-2017 12-31-2017 Laffer Investments

103 MURPHY COURT NASHVILLE TN 37203

13F HOLDINGS REPORT 028-10975 N Arthur B. Laffer, Jr. Chief Executive Officer 615 460 0100 /s/ ARTHUR B. LAFFER Nashville TN 02-09-2018 0 210 399045160 false INFORMATION TABLE 2 aci_13f.xml Activision Blizzard Inc. COMMON STOCKS 00507V109 3082734 48685 SH OTR ALL 48685 0 0 Advance Auto Parts Inc COMMON STOCKS 00751Y106 907677 9105 SH OTR ALL 9105 0 0 Aetna Inc COMMON STOCKS 00817Y108 2924122 16210 SH OTR ALL 16210 0 0 Agilent Technologies COMMON STOCKS 00846U101 2390159 35690 SH OTR ALL 35690 0 0 Altria Group Inc COMMON STOCKS 02209s103 772014 10811 SH OTR ALL 10811 0 0 Ameriprise Financial, Inc. COMMON STOCKS 03076C106 2436979 14380 SH OTR ALL 14380 0 0 Amerisourcebergen Corp Com COMMON STOCKS 03073E105 1914998 20856 SH OTR ALL 20856 0 0 Ametek Inc. COMMON STOCKS 031100100 2264688 31250 SH OTR ALL 31250 0 0 Amgen Inc COMMON STOCKS 031162100 720642 4144 SH OTR ALL 4144 0 0 Amphenol Corp COMMON STOCKS 032095101 2223096 25320 SH OTR ALL 25320 0 0 Analog Devices Inc COMMON STOCKS 032654105 2643123 29688 SH OTR ALL 29688 0 0 Andeavor COMMON STOCKS 03349M105 2003122 17519 SH OTR ALL 17519 0 0 Aon PLC COMMON STOCKS G0408V102 2213680 16520 SH OTR ALL 16520 0 0 Applied Materials Inc COMMON STOCKS 038222105 3024259 59160 SH OTR ALL 59160 0 0 Ares Capital Corp COMMON STOCKS 04010l103 644379 40991 SH OTR ALL 40991 0 0 AT&T Inc COMMON STOCKS 00206r102 618348 15904 SH OTR ALL 15904 0 0 Automatic Data Processing Inc. COMMON STOCKS 053015103 2412356 20585 SH OTR ALL 20585 0 0 Baker Hughes GE Co. COMMON STOCKS 05722G100 873264 27600 SH OTR ALL 27600 0 0 Bank of New York Mellon Corp COMMON STOCKS 064058100 2359607 43810 SH OTR ALL 43810 0 0 BB&T Corp COMMON STOCKS 054937107 2096195 42160 SH OTR ALL 42160 0 0 BCE Inc COMMON STOCKS 05534b760 711076 14811 SH OTR ALL 14811 0 0 Best Buy Inc COMMON STOCKS 086516101 2251294 32880 SH OTR ALL 32880 0 0 Block H & R Inc COMMON STOCKS 093671105 1752283 66830 SH OTR ALL 66830 0 0 Boeing Co COMMON STOCKS 097023105 426440 1446 SH OTR ALL 1446 0 0 Bristol Myers Squibb COMMON STOCKS 110122108 3108183 50721 SH OTR ALL 50721 0 0 Broadcom Corp New COMMON STOCKS y09827109 3474059 13523 SH OTR ALL 13523 0 0 Cardinal Health Inc COMMON STOCKS 14149Y108 1500992 24498 SH OTR ALL 24498 0 0 Centurylink Inc COMMON STOCKS 156700106 1125300 67464 SH OTR ALL 67464 0 0 Cintas Corp COMMON STOCKS 172908105 2051502 13165 SH OTR ALL 13165 0 0 Cisco Sys Inc COMMON STOCKS 17275r102 799513 20875 SH OTR ALL 20875 0 0 Citizens Financial Group COMMON STOCKS 174610105 1998248 47600 SH OTR ALL 47600 0 0 Clorox Co COMMON STOCKS 189054109 2138881 14380 SH OTR ALL 14380 0 0 CME Group Inc COMMON STOCKS 12572q105 3155702 21607 SH OTR ALL 21607 0 0 CMS Energy Corp COMMON STOCKS 125896100 1860782 39340 SH OTR ALL 39340 0 0 Comerica Inc COMMON STOCKS 200340107 1983609 22850 SH OTR ALL 22850 0 0 Cooper Cos Inc/The COMMON STOCKS 216648402 1948937 8945 SH OTR ALL 8945 0 0 Corning Inc COMMON STOCKS 219350105 2277528 71195 SH OTR ALL 71195 0 0 D.R. Horton Inc COMMON STOCKS 23331A109 2814059 55102 SH OTR ALL 55102 0 0 Darden Restaurants COMMON STOCKS 237194105 1912430 19917 SH OTR ALL 19917 0 0 Dentsply Intl Inc COMMON STOCKS 24906P109 1832049 27830 SH OTR ALL 27830 0 0 Digital Realty Trust COMMON STOCKS 253868103 1949968 17120 SH OTR ALL 17120 0 0 Dominion Res Inc Va COMMON STOCKS 25746U109 370525 4571 SH OTR ALL 4571 0 0 Dr Pepper Snapple Group Inc. COMMON STOCKS 26138E109 1840258 18960 SH OTR ALL 18960 0 0 Dun & Bradstreet Corp COMMON STOCKS 26483E100 1442234 12180 SH OTR ALL 12180 0 0 Enbridge Inc COMMON STOCKS 29250N105 2068059 52878 SH OTR ALL 52878 0 0 EQT Midstream Partners LP COMMON STOCKS 26885b100 321128 4393 SH OTR ALL 4393 0 0 Equifax Inc COMMON STOCKS 294429105 1646753 13965 SH OTR ALL 13965 0 0 Expedia Inc. COMMON STOCKS 30212P303 1622285 13545 SH OTR ALL 13545 0 0 Fastenal Co. COMMON STOCKS 311900104 1811606 33125 SH OTR ALL 33125 0 0 Fidelity Natl Inform COMMON STOCKS 31620M106 2259571 24015 SH OTR ALL 24015 0 0 Ford Motor Co COMMON STOCKS 345370860 2047686 163946 SH OTR ALL 163946 0 0 Global Payments Inc COMMON STOCKS 37940X102 2222822 22175 SH OTR ALL 22175 0 0 Goldman Sachs Group COMMON STOCKS 38141G104 2761598 10840 SH OTR ALL 10840 0 0 Grainger W W Inc COMMON STOCKS 384802104 1575788 6670 SH OTR ALL 6670 0 0 Harley-Davidson, Inc COMMON STOCKS 412822108 1310414 25755 SH OTR ALL 25755 0 0 Hewlett Packard Co COMMON STOCKS 40434L105 2403124 114380 SH OTR ALL 114380 0 0 Home Depot Inc COMMON STOCKS 437076102 5429087 28645 SH OTR ALL 28645 0 0 HUMANA INC COMMON STOCKS 444859102 2254956 9090 SH OTR ALL 9090 0 0 INTEL CORP COMMON STOCKS 458140100 5057890 109573 SH OTR ALL 109573 0 0 Intercontinental Exchange Group. Inc. COMMON STOCKS 45866F104 2255450 31965 SH OTR ALL 31965 0 0 International Paper Co COMMON STOCKS 460146103 1856282 32038 SH OTR ALL 32038 0 0 Intuit COMMON STOCKS 461202103 2480302 15720 SH OTR ALL 15720 0 0 Invesco Ltd. COMMON STOCKS G491BT108 1784979 48850 SH OTR ALL 48850 0 0 J P Morgan Chase & Co COMMON STOCKS 46625h100 7887039 73752 SH OTR ALL 73752 0 0 JB Hunt COMMON STOCKS 445658107 1770692 15400 SH OTR ALL 15400 0 0 Johnson & Johnson COMMON STOCKS 478160104 779358 5578 SH OTR ALL 5578 0 0 Keycorp COMMON STOCKS 493267108 1877121 93065 SH OTR ALL 93065 0 0 Kla-Tencor Corp COMMON STOCKS 482480100 2148682 20450 SH OTR ALL 20450 0 0 Kohl's Corp COMMON STOCKS 500255104 1450761 26752 SH OTR ALL 26752 0 0 Lam Research Corp COMMON STOCKS 512807108 2915669 15840 SH OTR ALL 15840 0 0 Lauder Estee Cos Inc COMMON STOCKS 518439104 2958966 23255 SH OTR ALL 23255 0 0 Legg Mason Inc COMMON STOCKS 524901105 1858874 44280 SH OTR ALL 44280 0 0 Leggett & Platt Inc COMMON STOCKS 524660107 1454858 30481 SH OTR ALL 30481 0 0 Leucadia National Corp COMMON STOCKS 527288104 1713373 64680 SH OTR ALL 64680 0 0 Lowe's Cos Inc COMMON STOCKS 548661107 2871381 30895 SH OTR ALL 30895 0 0 LyondellBasell Industries NV COMMON STOCKS n53745100 783272 7100 SH OTR ALL 7100 0 0 M & T Bk Corp COMMON STOCKS 55261F104 1918508 11220 SH OTR ALL 11220 0 0 Macquarie Infrastructure Corp COMMON STOCKS 55608b105 573242 8929 SH OTR ALL 8929 0 0 Marathon Oil Corp COMMON STOCKS 565849106 1506601 88990 SH OTR ALL 88990 0 0 Marsh & Mclennan Cos COMMON STOCKS 571748102 2298616 28242 SH OTR ALL 28242 0 0 Martin Marietta Materials COMMON STOCKS 573284106 1576236 7131 SH OTR ALL 7131 0 0 Mckesson Corp COMMON STOCKS 58155Q103 2054329 13173 SH OTR ALL 13173 0 0 Medtronic Inc COMMON STOCKS G5960L103 3476288 43050 SH OTR ALL 43050 0 0 Microchip Technology COMMON STOCKS 595017104 2207985 25125 SH OTR ALL 25125 0 0 Microsoft Corp COMMON STOCKS 594918104 12276786 143521 SH OTR ALL 143521 0 0 Moody's Corp COMMON STOCKS 615369105 2546273 17250 SH OTR ALL 17250 0 0 Morgan Stanley COMMON STOCKS 617446448 2755987 52525 SH OTR ALL 52525 0 0 NextEra Energy Inc COMMON STOCKS 65339f101 431865 2765 SH OTR ALL 2765 0 0 Northern Trust Corp COMMON STOCKS 665859104 1890918 18930 SH OTR ALL 18930 0 0 Omnicom Group COMMON STOCKS 681919106 1481362 20340 SH OTR ALL 20340 0 0 Paychex Inc COMMON STOCKS 704326107 2715235 39883 SH OTR ALL 39883 0 0 People's United Financial COMMON STOCKS 712704105 1438872 76945 SH OTR ALL 76945 0 0 Perkinelmer Inc COMMON STOCKS 714046109 2087576 28550 SH OTR ALL 28550 0 0 Pfizer Inc COMMON STOCKS 717081103 696185 19221 SH OTR ALL 19221 0 0 Pioneer Nat Res Co COMMON STOCKS 723787107 1725907 9985 SH OTR ALL 9985 0 0 PNC FINANCIAL SERVICES GROUP INC COMMON STOCKS 693475105 2804998 19440 SH OTR ALL 19440 0 0 Progressive Corp COMMON STOCKS 743315103 2833178 50305 SH OTR ALL 50305 0 0 Prudential Finl Inc COMMON STOCKS 744320102 2249814 19567 SH OTR ALL 19567 0 0 Quest Diagnostics In COMMON STOCKS 74834L100 1763463 17905 SH OTR ALL 17905 0 0 Robert Half International, Inc. COMMON STOCKS 770323103 1730626 31160 SH OTR ALL 31160 0 0 Roper Industries Inc COMMON STOCKS 776696106 2407405 9295 SH OTR ALL 9295 0 0 Ryder Sys Inc COMMON STOCKS 783549108 1493597 17745 SH OTR ALL 17745 0 0 S&P Global Inc. COMMON STOCKS 78409V104 2815428 16620 SH OTR ALL 16620 0 0 Schlumberger Ltd COMMON STOCKS 806857108 2492756 36990 SH OTR ALL 36990 0 0 Schwab Charles Corp COMMON STOCKS 808513105 2750864 53550 SH OTR ALL 53550 0 0 Sealed Air Corp New COMMON STOCKS 81211K100 1586721 32185 SH OTR ALL 32185 0 0 Sempra Energy COMMON STOCKS 816851109 1937925 18125 SH OTR ALL 18125 0 0 Sherwin Williams Co COMMON STOCKS 824348106 2624666 6401 SH OTR ALL 6401 0 0 Six Flags Entertainment COMMON STOCKS 83001a102 784261 11781 SH OTR ALL 11781 0 0 SKYWORKS SOLUTIONS INC COMMON STOCKS 83088M102 1981132 20865 SH OTR ALL 20865 0 0 Spectra Energy Partners LP COMMON STOCKS 84756n109 296471 7498 SH OTR ALL 7498 0 0 Starbucks Corp COMMON STOCKS 855244109 2560804 44590 SH OTR ALL 44590 0 0 Symantec Corp COMMON STOCKS 871503108 1892086 67430 SH OTR ALL 67430 0 0 T.Rowe Price Group Inc COMMON STOCKS 74144T108 2264389 21580 SH OTR ALL 21580 0 0 TE Connectivity Ltd COMMON STOCKS H84989104 2393582 25185 SH OTR ALL 25185 0 0 Texas Instrs Inc COMMON STOCKS 882508104 4515359 43234 SH OTR ALL 43234 0 0 Thermo Fisher Scientific Inc COMMON STOCKS 883556102 3005800 15830 SH OTR ALL 15830 0 0 TRACTOR SUPPLY COMPANY COMMON STOCKS 892356106 1539103 20590 SH OTR ALL 20590 0 0 Union Pac Corp COMMON STOCKS 907818108 3436983 25630 SH OTR ALL 25630 0 0 United Parcel Services COMMON STOCKS 911312106 772211 6481 SH OTR ALL 6481 0 0 Unitedhealth Group Inc COMMON STOCKS 91324P102 4887819 22171 SH OTR ALL 22171 0 0 Universal Health Services - B COMMON STOCKS 913903100 1613537 14235 SH OTR ALL 14235 0 0 Valero Energy Corp COMMON STOCKS 91913y100 3430265 37322 SH OTR ALL 37322 0 0 VF Corp COMMON STOCKS 918204108 872386 11789 SH OTR ALL 11789 0 0 Vulcan Materials Co COMMON STOCKS 929160109 1684600 13123 SH OTR ALL 13123 0 0 Walt Disney Co COMMON STOCKS 254687106 3696301 34381 SH OTR ALL 34381 0 0 Wells Fargo & Co New COMMON STOCKS 949746101 378156 6233 SH OTR ALL 6233 0 0 Western Un Co COMMON STOCKS 959802109 1361021 71595 SH OTR ALL 71595 0 0 Weyerhaeuser Co COMMON STOCKS 962166104 1914442 54295 SH OTR ALL 54295 0 0 Williams Cos Inc Del COMMON STOCKS 969457100 1731344 56784 SH OTR ALL 56784 0 0 Willis Tower Watson PLC COMMON STOCKS G96629103 2043658 13562 SH OTR ALL 13562 0 0 Xilinx Inc COMMON STOCKS 983919101 1962933 29115 SH OTR ALL 29115 0 0 Xl Group Plc COMMON STOCKS G98294104 1518209 43180 SH OTR ALL 43180 0 0 Zions Bancorp COMMON STOCKS 989701107 1837250 36145 SH OTR ALL 36145 0 0 Arconinc (RTI) CONVERTIBLE BOND 74973WAB3 1229495 1067 SH OTR ALL 1067 0 0 Ares Capital Corp CONVERTIBLE BOND 04010LAM5 3187345 2998 SH OTR ALL 2998 0 0 Calatlantic Group Inc CONVERTIBLE BOND 783764AQ6 1678791 931 SH OTR ALL 931 0 0 Citrix Inc CONVERTIBLE BOND 177376AD2 2004778 1544 SH OTR ALL 1544 0 0 Dycom Inc CONVERTIBLE BOND 267475AB7 1274092 973 SH OTR ALL 973 0 0 Finisar Corp CONVERTIBLE BOND 31787AAM3 2173823 2155 SH OTR ALL 2155 0 0 HANNON ARMSTRONG CONVERTIBLE BOND 41068XAB6 1630334 1543 SH OTR ALL 1543 0 0 Illumina Inc CONVERTIBLE BOND 452327AF6 2808751 2582 SH OTR ALL 2582 0 0 Janus Capital CONVERTIBLE BOND 47102XAH8 1368887 798 SH OTR ALL 798 0 0 Lam Research Corp CONVERTIBLE BOND 512807AL2 7920681 2587 SH OTR ALL 2587 0 0 Macquarie Infrastructure Co CONVERTIBLE BOND 55608BAA3 2687219 2541 SH OTR ALL 2541 0 0 Micron Technology CONVERTIBLE BOND 595112AY9 1832205 1262 SH OTR ALL 1262 0 0 NXP Semiconductors CONVERTIBLE BOND 62952QAB6 3247141 2615 SH OTR ALL 2615 0 0 Old Republic Intl Corp CONVERTIBLE BOND 680223AH7 2551129 1810 SH OTR ALL 1810 0 0 Priceline Group Inc CONVERTIBLE BOND 741503AX4 3561340 3034 SH OTR ALL 3034 0 0 Red Hat Inc CONVERTIBLE BOND 756577AD4 3085874 1870 SH OTR ALL 1870 0 0 RPM International Inc CONVERTIBLE BOND 749685AT0 1939488 1667 SH OTR ALL 1667 0 0 Spirit Realty Capital CONVERTIBLE BOND 84860WAA0 2117499 2096 SH OTR ALL 2096 0 0 Starwood Property Trust CONVERTIBLE BOND 85571BAH8 1354449 1303 SH OTR ALL 1303 0 0 TCP Capital Corp CONVERTIBLE BOND 87238QAB9 2116309 2011 SH OTR ALL 2011 0 0 TPG Specialty Lending CONVERTIBLE BOND 87265KAB8 2419489 2336 SH OTR ALL 2336 0 0 VEREIT CONVERTIBLE BOND 02917TAA2 2144718 2092 SH OTR ALL 2092 0 0 Alexandria Real Estate CONVERTIBLE PREFERRED STOCK 015271505 2234170 59718 SH OTR ALL 59718 0 0 Allergan PLC CONVERTIBLE PREFERRED STOCK G0177J116 2857647 4875 SH OTR ALL 4875 0 0 American Tower Corp - Class B CONVERTIBLE PREFERRED STOCK 03027X407 2287499 18180 SH OTR ALL 18180 0 0 AMG Capital Trust II CONVERTIBLE PREFERRED STOCK 00170F209 2190058 34225 SH OTR ALL 34225 0 0 Anadarko Petroleum Corp CONVERTIBLE PREFERRED STOCK 032511404 2008222 58849 SH OTR ALL 58849 0 0 Anthem Inc CONVERTIBLE PREFERRED STOCK 036752202 4866264 86865 SH OTR ALL 86865 0 0 Becton Dickinson and Co CONVERTIBLE PREFERRED STOCK 075887208 3882384 66687 SH OTR ALL 66687 0 0 Bunge Ltd. 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