American Express Company
MX ˙ BMV ˙ US0258161092
SecurityMX:AXP / American Express Company
InstitutionLaffer Investments
Latest Disclosed Ownership63,906 shares
Latest Disclosed Value $ 19,330,287
Laffer Investments reports 3.10% increase in ownership of AXP / American Express Company

On May 13, 2026 - Laffer Investments filed a 13F-HR form disclosing ownership of 63,906 shares of American Express Company (MX:AXP) valued at $19,330,287 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 61,984 shares of American Express Company. This represents a change in shares of 3.10% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F AMERICAN EXPRESS COM 025816109 63,906 1,922 3.10 19,330 -15.70 2.8543
2026-02-12 2025-12-31 13F AMERICAN EXPRESS COM 025816109 61,984 4,393 7.63 22,931 19.87 3.4848
2025-11-12 2025-09-30 13F AMERICAN EXPRESS COM 025816109 57,591 7,318 14.56 19,129 19.30 3.0293
2025-08-07 2025-06-30 13F AMERICAN EXPRESS COM 025816109 50,273 -3,224 -6.03 16,036 11.41 2.8578
2025-05-14 2025-03-31 13F AMERICAN EXPRESS COM 025816109 53,497 -2,914 -5.17 14,393 -14.03 3.0646
2025-02-06 2024-12-31 13F AMERICAN EXPRESS COM 025816109 56,411 6,709 13.50 16,742 24.21 3.2920
2024-11-04 2024-09-30 13F AMERICAN EXPRESS COM 025816109 49,702 504 1.02 13,479 18.33 2.7297
2024-08-14 2024-06-30 13F AMERICAN EXPRESS COMMON STOCKS 025816109 49,198 6,490 15.20 11,392 17.14 2.4553
2024-05-15 2024-03-31 13F AMERICAN EXPRESS COMMON STOCKS 025816109 42,708 1,822 4.46 9,724 26.96 2.5104
2024-02-08 2023-12-31 13F AMERICAN EXPRESS COMMON STOCKS 025816109 40,886 18,249 80.62 7,660 126.80 2.0362
2023-11-14 2023-09-30 13F AMERICAN EXPRESS COMMON STOCKS 025816109 22,637 13,398 145.02 3,377 109.88 0.9930
2023-08-14 2023-06-30 13F AMERICAN EXPRESS COMMON STOCKS 025816109 9,239 350 3.94 1,609 9.75 0.4270
2023-05-09 2023-03-31 13F AMERICAN EXPRESS COMMON STOCKS 025816109 8,889 199 2.29 1,466 14.26 0.3972
2023-02-10 2022-12-31 13F AMERICAN EXPRESS COMMON STOCKS 025816109 8,690 -526 -5.71 1,284 3.22 0.3695
2022-11-10 2022-09-30 13F american express COMMON STOCKS 025816109 9,216 31 0.34 1,243 -2.36 0.4569
2022-08-15 2022-06-30 13F american express COMMON STOCKS 025816109 9,185 205 2.28 1,273 -24.18 0.4471
2022-05-13 2022-03-31 13F american express COMMON STOCKS 025816109 8,980 -123 -1.35 1,679 12.76 0.5059
2022-02-11 2021-12-31 13F american express COMMON STOCKS 025816109 9,103 274 3.10 1,489 0.68 0.4301
2021-11-16 2021-09-30 13F american express COMMON STOCKS 025816109 8,829 3,279 59.08 1,479 61.29 0.4280
2021-08-16 2021-06-30 13F american express COMMON STOCKS 025816109 5,550 -1,542 -21.74 917 -8.57 0.3436
2021-05-17 2021-03-31 13F American Express COMMON STOCKS 025816109 7,092 1,240 21.19 1,003 43.70 0.3797
2021-06-11 2020-12-31 13F/A-1 American Express COMMON STOCKS 025816109 5,852 1,286 28.16 699 52.74 0.2948
2021-02-19 2020-12-31 13F American Express COMMON STOCKS 025816109 4,659 93 563 0.2734
2021-06-11 2020-09-30 13F/A-1 American Express COMMON STOCKS 025816109 4,566 2,390 109.83 458 120.77 0.2289
2020-11-13 2020-09-30 13F American Express COMMON STOCKS 025816109 5,571 3,395 558 0.2725
2021-06-11 2020-06-30 13F/A-1 American Express COMMON STOCKS 025816109 2,176 846 63.61 207 83.19 0.1190
2020-08-14 2020-06-30 13F American Express COMMON STOCKS 025816109 1,753 423 167 0.1064
2020-04-28 2020-03-31 13F American Express COMMON STOCKS 025816109 1,330 589 79.49 114 22.83 0.0888
2020-02-20 2019-12-31 13F American Express COMMON STOCKS 025816109 741 741 92 0.0614
2019-08-15 2019-06-30 13F American Express COMMON STOCKS 025816109 0 -31,338 -100.00 0 -100.00
2019-05-14 2019-03-31 13F American Express COMMON STOCKS 025816109 31,338 0 0.00 3,425 14.66 0.9208
2019-02-15 2018-12-31 13F American Express COMMON STOCKS 025816109 31,338 0 0.00 2,987 -10.49 0.8829
2018-11-14 2018-09-30 13F American Express COMMON STOCKS 025816109 31,338 0 0.00 3,337 8.66 0.8262
2018-08-16 2018-06-30 13F American Express COMMON STOCKS 025816109 31,338 0 0.00 3,071 5.06 0.7851
2018-05-14 2018-03-31 13F American Express COMMON STOCKS 025816109 31,338 31,338 2,923 0.7278
2017-02-15 2016-12-31 13F American Express COMMON STOCKS 025816109 0 -26,819 -100.00 0 -100.00
2016-11-15 2016-09-30 13F American Express COMMON STOCKS 025816109 26,819 0 0.00 1,717 5.40 0.4774
2016-08-15 2016-06-30 13F American Express COMMON STOCKS 025816109 26,819 26,819 1,630 0.4630
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.