Leuthold Group Portfolio holdings

AUM $770M

AUM

$770M

AUM Growth

-$62.5M (-8%)

Cap. Flow

+$63.2M

Cap. Flow % of AUM

8.2%

Top 10 Holdings %Top 10 Hldgs %

19.76%

Holding

243

New

Increased

Reduced

127

Closed

Top Buys

1	SPDR Bloomberg Barclays International Treasury Bond ETF BWX	$9.04M
2	VeriSign VRSN	$5.5M
3	Direxion Daily S&P 500 Bear 1X Shares SPDN	$5.39M
4	Laureate Education LAUR	$4.41M
5	GoDaddy GDDY	$4.3M

Top Sells

1	iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB	$9.67M
2	iShares 1-3 Year International Treasury Bond ETF IGOV	$7.71M
3	iShares MBS ETF MBB	$6.24M
4	Chubb CB	$5.8M
5	Everest Group EG	$5.66M

Sector Composition

1	Financials	18.64%
2	Technology	17.1%
3	Communication Services	10.83%
4	Healthcare	7.04%
5	Consumer Discretionary	6.62%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
126	126 Royal Caribbean RCL $68.1B	$2.24M	0.29%	10,924	New	+$2.24M
127	127 Kemper KMPR $4.02B	$2.23M	0.29%	33,345	New	+$2.23M
128	128 WIX.com WIX $8.48B	$2.22M	0.29%	13,613	New	+$2.22M
129	129 Carnival Corp CCL $32.3B	$2.21M	0.29%	113,080	New	+$2.21M
130	130 Jazz Pharmaceuticals JAZZ $6.6B	$2.17M	0.28%	17,467	New	+$2.17M
131	131 Norwegian Cruise Line NCLH $8.22B	$2.06M	0.27%	108,728	New	+$2.06M
132	132 VanEck Gold Miners ETF GDX $16.4B	$1.95M	0.25%	42,344 -9,861	-19%	-$453K
133	XYZ 133 Block, Inc. XYZ $39.3B	$1.91M	0.25%	35,183 -1,908	-5%	-$104K
134	134 iShares MSCI Emerging Markets ex China ETF EMXC $14.1B	$1.82M	0.24%	33,050	–	–
135	135 iShares Expanded Tech-Software Sector ETF IGV $11.5B	$1.81M	0.23%	20,290	New	+$1.81M
136	CON 136 Concentra Group Holdings Parent, Inc. CON $2.75B	$1.53M	0.2%	70,634 -4,585	-6%	-$99.5K
137	137 iShares US Healthcare Providers ETF IHF $647M	$1.48M	0.19%	28,117 -8,394	-23%	-$443K
138	138 Select Medical SEM $1.88B	$1.46M	0.19%	87,542 -5,793	-6%	-$96.7K
139	139 Digi International DGII $1.22B	$1.38M	0.18%	49,611	New	+$1.38M
140	140 iShares US Home Construction ETF ITB $2.17B	$1.31M	0.17%	13,797 -23,095	-63%	-$2.2M
141	141 Utilities Select Sector SPDR Fund XLU $18.5B	$1.2M	0.16%	15,282	New	+$1.2M
142	142 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $14.9B	$1.17M	0.15%	23,493 +2,138	+10%	+$107K
143	143 Invesco S&P 500 Equal Weight Consumer Discretionary ETF RSPD $207M	$1.16M	0.15%	23,186	New	+$1.16M
144	144 iShares US Telecommunications ETF IYZ $389M	$1.12M	0.15%	40,936 -9,666	-19%	-$265K
145	145 US Global Jets ETF JETS $846M	$1.08M	0.14%	52,081 +8,896	+21%	+$185K
146	146 iShares US Insurance ETF IAK $858M	$981K	0.13%	7,119 -9,981	-58%	-$1.38M
147	147 Vanguard Short-Term Corporate Bond ETF VCSH $35B	$900K	0.12%	11,396 +1,097	+11%	+$86.6K
148	148 Industrial Select Sector SPDR Fund XLI $21.2B	$863K	0.11%	6,588 -17,033	-72%	-$2.23M
149	149 abrdn Bloomberg All Commodity Strategy K-1 Free ETF BCI $1.45B	$786K	0.1%	36,609	–	–
150	150 SPDR S&P Regional Banking ETF KRE $3.25B	$754K	0.1%	13,262 -3,211	-19%	-$183K