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MLM
Mount Lucas Management Portfolio holdings
AUM
$271M
1-Year Est. Return
25.49%
This Fund
S&P 500
This Quarter
Est. Return
+1.39%
1 Year Est. Return
+25.49%
3 Year Est. Return
+84.38%
5 Year Est. Return
+112.56%
10 Year Est. Return
+410.08%
AUM
$558M
AUM Growth
-$32.8M
(-5.5%)
Cap. Flow
-$40M
Cap. Flow
% of AUM
-7.16%
Top 10 Holdings %
Top 10 Hldgs %
35.96%
Holding
111
New
19
Increased
18
Reduced
67
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$12.2M |
| 2 |
iShares MSCI Japan ETF
EWJ
|
+$8.46M |
| 3 |
MetLife
MET
|
+$8.12M |
| 4 |
Prudential Financial
PRU
|
+$8.09M |
| 5 |
Lincoln National
LNC
|
+$7.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$14.5M |
| 2 |
iShares 3-7 Year Treasury Bond ETF
IEI
|
+$13.6M |
| 3 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$12.8M |
| 4 |
AT&T
T
|
+$10.8M |
| 5 |
Hewlett Packard
HPE
|
+$8.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9.29% |
| 2 | Industrials | 5.82% |
| 3 | Consumer Discretionary | 4.66% |
| 4 | Real Estate | 4.09% |
| 5 | Technology | 3.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Lincoln National
LNC
$8.73B
| $8.02M | 1.44% |
+132,938
| New | +$7.95M |
|
27
Seagate
STX
$194B
| $8.02M | 1.44% |
+149,067
| New | +$7.31M |
|
28
Chevron
CVX
$392B
| $7.75M | 1.39% |
65,341
-4,543
| -7% | -$552K |
|
|
WBA
29
DELISTED
Walgreens Boots Alliance
WBA
| $7.09M | 1.27% |
128,252
-9,083
| -7% | -$487K |
|
30
Nucor
NUE
$58.6B
| $7.07M | 1.27% |
138,791
-10,110
| -7% | -$528K |
|
31
Invesco Senior Loan ETF
BKLN
$6.97B
| $6.94M | 1.24% |
307,094
-6,221
| -2% | -$141K |
|
32
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.6B
| $6.9M | 1.24% |
131,477
-8,480
| -6% | -$450K |
|
|
GAP
33
The Gap Inc
GAP
$7.23B
| $5.36M | 0.96% |
308,569
-20,615
| -6% | -$366K |
|
34
Vanguard High Dividend Yield ETF
VYM
$80.9B
| $5.12M | 0.92% |
57,689
+7,678
| +15% | +$672K |
|
35
State Street SPDR S&P International Dividend ETF
DWX
$529M
| $5.05M | 0.9% |
129,680
-5,367
| -4% | -$208K |
|
36
iShares JPMorgan EM High Yield Bond ETF
EMHY
$620M
| $4.95M | 0.89% |
106,368
-3,916
| -4% | -$184K |
|
37
Invesco S&P 500 BuyWrite ETF
PBP
$354M
| $4.93M | 0.88% |
227,574
+76,594
| +51% | +$1.66M |
|
38
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $4.88M | 0.87% |
43,020
-3,244
| -7% | -$369K |
|
39
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.62B
| $4.63M | 0.83% |
99,689
-3,152
| -3% | -$146K |
|
40
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $4.63M | 0.83% |
53,151
-2,565
| -5% | -$223K |
|
41
iShares US & Intl High Yield Corp Bond ETF
GHYG
$194M
| $4.61M | 0.83% |
94,485
-3,829
| -4% | -$187K |
|
42
American Tower
AMT
$80.8B
| $4.26M | 0.76% |
19,257
+8,212
| +74% | +$1.79M |
|
43
iShares MSCI Netherlands ETF
EWN
$571M
| $3.98M | 0.71% |
126,954
-48,939
| -28% | -$1.51M |
|
44
iShares MSCI Italy ETF
EWI
$1.01B
| $3.98M | 0.71% |
144,363
+60,297
| +72% | +$1.64M |
|
45
iShares MSCI France ETF
EWQ
$335M
| $3.97M | 0.71% |
131,733
+6,413
| +5% | +$192K |
|
46
iShares MSCI Switzerland ETF
EWL
$2.19B
| $3.91M | 0.7% |
103,677
-40,770
| -28% | -$1.52M |
|
47
iShares MSCI Turkey ETF
TUR
$200M
| $3.71M | 0.67% |
+138,920
| New | +$3.51M |
|
48
Vanguard Real Estate ETF
VNQ
$39.2B
| $3.52M | 0.63% |
37,789
-2,852
| -7% | -$259K |
|
49
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $3.52M | 0.63% |
60,144
-1,742
| -3% | -$102K |
|
50
iShares MSCI Taiwan ETF
EWT
$9.86B
| $3.49M | 0.63% |
+96,049
| New | +$3.39M |
|
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Mount Lucas Management's Q3 2019 Portfolio in Review
As of Q3 2019, Mount Lucas Management held 111 positions worth $558M, down 5.5% from $591M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Mount Lucas Management withdrew a net $40M in Q3 2019, closing 7 positions and reducing 67 holdings. Its most notable exit was WisdomTree India Earnings Fund ETF, an estimated $4.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9.3% of assets, up from 4.3% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Mount Lucas Management opened a new position in iShares MSCI Japan ETF worth $8.76M.
- Mount Lucas Management's largest Q3 2019 buy was iShares MSCI Japan ETF: 154,390 shares worth $8.76M.
- Mount Lucas Management added most to State Street Financial Select Sector SPDR ETF in Q3 2019, an estimated $12.2M increase.
- Mount Lucas Management's biggest Q3 2019 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $14.5M.
- Mount Lucas Management fully exited WisdomTree India Earnings Fund ETF in Q3 2019, selling an estimated $4.6M.
- Mount Lucas Management's ten largest holdings make up 36% of its $558M portfolio in Q3 2019.
- Mount Lucas Management opened 19 new positions and closed 7 in Q3 2019.
- Mount Lucas Management's portfolio value fell 5.5% quarter-over-quarter to $558M.
Based on Mount Lucas Management's 13F filing for Q3 2019, filed 14 Nov 2019.