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Mount Lucas Management Portfolio holdings
AUM
$271M
1-Year Est. Return
25.49%
This Fund
S&P 500
This Quarter
Est. Return
+5.62%
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
$299M
AUM Growth
-$79.8M
(-21%)
Cap. Flow
-$83.5M
Cap. Flow
% of AUM
-27.93%
Top 10 Holdings %
Top 10 Hldgs %
30.8%
Holding
172
New
59
Increased
25
Reduced
52
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 Pure Value ETF
RPV
|
+$24.2M |
| 2 |
Cardinal Health
CAH
|
+$5.23M |
| 3 |
iShares MSCI Australia ETF
EWA
|
+$3.03M |
| 4 |
MGM Resorts International
MGM
|
+$2.85M |
| 5 |
American Airlines Group
AAL
|
+$2.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$26.2M |
| 2 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$20.9M |
| 3 |
Marathon Petroleum
MPC
|
+$3.85M |
| 4 |
Nucor
NUE
|
+$3.84M |
| 5 |
Diamondback Energy
FANG
|
+$3.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 15.69% |
| 2 | Consumer Discretionary | 11.37% |
| 3 | Healthcare | 11.21% |
| 4 | Financials | 6.26% |
| 5 | Industrials | 5.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
K
151
DELISTED
Kellanova
K
| – | – |
-43,565
| Closed | -$2.74M |
|
152
Coca-Cola
KO
$377B
| – | – |
-45,215
| Closed | -$2.8M |
|
153
LyondellBasell Industries
LYB
$20B
| – | – |
-25,705
| Closed | -$2.41M |
|
154
MetLife
MET
$61.9B
| – | – |
-40,245
| Closed | -$2.33M |
|
155
Monolithic Power Systems
MPWR
$70.1B
| – | – |
-617
| Closed | -$309K |
|
156
Marvell Technology
MRVL
$168B
| – | – |
-4,642
| Closed | -$201K |
|
|
157
Nucor
NUE
$58.6B
| – | – |
-24,890
| Closed | -$3.84M |
|
158
CALL
iShares S&P 100 ETF
OEF
$20.1B
| – | – |
-1,300,000
| Closed | -$51.3M |
|
159
PepsiCo
PEP
$190B
| – | – |
-17,056
| Closed | -$3.11M |
|
|
160
Invesco QQQ Trust
QQQ
$453B
| – | – |
-81,482
| Closed | -$26.2M |
|
161
Invesco NASDAQ 100 ETF
QQQM
$96.7B
| – | – |
-21,262
| Closed | -$2.81M |
|
162
Republic Services
RSG
$64.8B
| – | – |
-22,380
| Closed | -$3.03M |
|
163
CALL
Sea Limited
SE
$65.4B
| – | – |
-120,000
| Closed | -$10.4M |
|
164
Steel Dynamics
STLD
$36B
| – | – |
-7,297
| Closed | -$825K |
|
165
Teck Resources
TECK
$29.6B
| – | – |
-21,983
| Closed | -$802K |
|
166
iShares MSCI Thailand ETF
THD
$369M
| – | – |
-1,661
| Closed | -$122K |
|
167
Travelers Companies
TRV
$78.1B
| – | – |
-14,692
| Closed | -$2.52M |
|
168
Tyson Foods
TSN
$20.4B
| – | – |
-28,487
| Closed | -$1.69M |
|
169
UnitedHealth
UNH
$376B
| – | – |
-6,022
| Closed | -$2.85M |
|
170
Westlake Corp
WLK
$9.03B
| – | – |
-4,123
| Closed | -$478K |
|
171
W.R. Berkley
WRB
$26.9B
| – | – |
-65,672
| Closed | -$2.73M |
|
|
SWN
172
DELISTED
Southwestern Energy Company
SWN
| – | – |
-80,926
| Closed | -$405K |
|
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Mount Lucas Management's Q2 2023 Portfolio in Review
As of Q2 2023, Mount Lucas Management held 172 positions worth $299M, down 21% from $379M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Mount Lucas Management withdrew a net $83.5M in Q2 2023, closing 33 positions and reducing 52 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $26.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 16% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Mount Lucas Management opened a new position in Invesco S&P 500 Pure Value ETF worth $25.2M.
- Mount Lucas Management's largest Q2 2023 buy was Invesco S&P 500 Pure Value ETF: 324,323 shares worth $25.2M.
- Mount Lucas Management added most to United Airlines in Q2 2023, an estimated $2.71M increase.
- Mount Lucas Management's biggest Q2 2023 reduction was iShares 1-3 Year Treasury Bond ETF, cutting an estimated $20.9M.
- Mount Lucas Management fully exited Invesco QQQ Trust in Q2 2023, selling an estimated $26.2M.
- Mount Lucas Management's ten largest holdings make up 31% of its $299M portfolio in Q2 2023.
- Mount Lucas Management opened 59 new positions and closed 33 in Q2 2023.
- Mount Lucas Management's portfolio value fell 21% quarter-over-quarter to $299M.
Based on Mount Lucas Management's 13F filing for Q2 2023, filed 14 Aug 2023.