Instuitional Investor - Laffer Investments

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Broadcom Inc.	AVGO	92,327	$25,449,828	4.54%
2.	Microsoft Corp	MSFT	47,261	$23,507,870	4.19%
3.	Goldman Sachs Group Inc	GS	25,853	$18,297,461	3.26%
4.	Apple Inc.	AAPL	83,900	$17,213,789	3.07%
5.	American Express Co	AXP	50,273	$16,035,983	2.86%