# Longer Investments Inc.

> Institutional holdings reported to the SEC as of Q1 2019 on Form 13F. CIK 1534417. Source: https://holderbook.com/funds/1534417-longer-investments-inc/

- Reported value: $84.6M
- Positions: 31
- Weight of the ten largest: 54.0%
- Filed: 2019-04-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $11.1M | 72,255 | 13.1% | 1 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $7.2M | 73,280 | 8.5% | 2 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $5.7M | 47,975 | 6.8% | 2 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $4.2M | 115,130 | 5.0% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $4.1M | 161,160 | 4.9% | 2 |
| BLACKROCK TAX MUNICPAL BD TR | [BBN](https://holderbook.com/stocks/BBN/) | $2.9M | 130,785 | 3.5% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.8M | 51,075 | 3.3% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.6M | 2,210 | 3.1% | 2 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $2.6M | 49,650 | 3.1% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.5M | 20,285 | 3.0% | 2 |
| ALPS ETF TR | [AMLPXXXX](https://holderbook.com/stocks/AMLPXXXX/) | $2.5M | 245,005 | 2.9% | 1 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $2.4M | 79,004 | 2.9% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.4M | 29,645 | 2.8% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.4M | 16,920 | 2.8% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.2M | 7,285 | 2.6% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 18,185 | 2.5% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.1M | 39,050 | 2.5% | 2 |
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $2.1M | 45,715 | 2.5% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.1M | 19,733 | 2.4% | 2 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $2.1M | 46,920 | 2.4% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.0M | 62,955 | 2.3% | 2 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $2.0M | 28,665 | 2.3% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.0M | 10,278 | 2.3% | 2 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $1.8M | 35,345 | 2.1% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.7M | 38,145 | 2.0% | 2 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.5M | 22,580 | 1.8% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.4M | 17,185 | 1.7% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.4M | 17,840 | 1.7% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 51,575 | 1.7% | 2 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $1.1M | 68,630 | 1.3% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $343.0K | 3,521 | 0.4% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2019 | +11.1% | +13.0% | -1.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2019 | $84.6M | 31 |
| Q4 2018 | $85.9M | 28 |