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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
+14.25%
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
$340M
AUM Growth
-$136M
(-29%)
Cap. Flow
-$177M
Cap. Flow
% of AUM
-52.07%
Top 10 Holdings %
Top 10 Hldgs %
36.5%
Holding
116
New
2
Increased
64
Reduced
45
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kohl's
KSS
|
+$1.68M |
| 2 |
Invesco
IVZ
|
+$1.32M |
| 3 |
MGM Resorts International
MGM
|
+$1.27M |
| 4 |
Amazon
AMZN
|
+$1.13M |
| 5 |
TELL
Tellurian Inc.
TELL
|
+$1.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$10.1M |
| 2 |
JPMorgan BetaBuilders Japan ETF
BBJP
|
+$9.87M |
| 3 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$9.49M |
| 4 |
State Street Communication Services Select Sector SPDR ETF
XLC
|
+$8.85M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$8.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.24% |
| 2 | Financials | 17.65% |
| 3 | Healthcare | 12.35% |
| 4 | Consumer Staples | 5.79% |
| 5 | Industrials | 4.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Kohl's
KSS
$2.17B
| $19.9M | 5.87% |
334,506
+32,693
| +11% | +$1.68M |
|
|
2
Invesco
IVZ
$13.1B
| $14.8M | 4.36% |
587,926
+58,965
| +11% | +$1.32M |
|
|
3
MGM Resorts International
MGM
$11.4B
| $14.7M | 4.32% |
386,046
+36,394
| +10% | +$1.27M |
|
4
Alaska Air
ALK
$5.29B
| $12.9M | 3.8% |
186,304
+17,541
| +10% | +$1.05M |
|
5
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $12.1M | 3.55% |
139,894
-62,174
| -31% | -$5.37M |
|
6
Principal Financial Group
PFG
$24.3B
| $11.1M | 3.27% |
185,152
+19,114
| +12% | +$1.07M |
|
7
American International
AIG
$41.7B
| $11M | 3.25% |
238,772
+23,933
| +11% | +$1.03M |
|
8
Unum
UNM
$13.6B
| $10.4M | 3.06% |
373,413
+39,045
| +12% | +$1.01M |
|
9
Hewlett Packard
HPE
$63.4B
| $9.31M | 2.74% |
591,474
+60,125
| +11% | +$833K |
|
10
Valero Energy
VLO
$92.9B
| $7.76M | 2.28% |
108,341
+11,678
| +12% | +$794K |
|
11
CVS Health
CVS
$133B
| $6.54M | 1.93% |
86,924
+8,710
| +11% | +$634K |
|
12
iShares Mortgage Real Estate ETF
REM
$539M
| $6.05M | 1.78% |
171,502
-129,427
| -43% | -$4.33M |
|
13
Invesco Senior Loan ETF
BKLN
$6.97B
| $5.7M | 1.68% |
257,714
+83
| +0% | +$1.85K |
|
14
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.6B
| $5.48M | 1.61% |
65,712
-7,393
| -10% | -$639K |
|
15
Morgan Stanley
MS
$331B
| $5.06M | 1.49% |
65,179
+6,429
| +11% | +$493K |
|
16
Cigna
CI
$73.8B
| $4.64M | 1.36% |
19,176
+1,876
| +11% | +$418K |
|
17
Lennar Class A
LEN
$19.8B
| $4.43M | 1.3% |
45,165
+4,380
| +11% | +$368K |
|
18
Vanguard High Dividend Yield ETF
VYM
$80.9B
| $4.41M | 1.3% |
43,632
-1,049
| -2% | -$101K |
|
19
State Street SPDR S&P International Dividend ETF
DWX
$529M
| $4.34M | 1.28% |
113,706
+2,325
| +2% | +$86.8K |
|
20
Invesco S&P 500 BuyWrite ETF
PBP
$354M
| $4.31M | 1.27% |
199,129
+3,104
| +2% | +$65.2K |
|
21
D.R. Horton
DHI
$40B
| $4.11M | 1.21% |
46,122
+4,457
| +11% | +$349K |
|
22
Allstate
ALL
$68B
| $4.1M | 1.21% |
35,666
+3,586
| +11% | +$395K |
|
23
iShares JPMorgan EM High Yield Bond ETF
EMHY
$620M
| $4.08M | 1.2% |
91,826
+4,361
| +5% | +$198K |
|
24
Target
TGT
$65.6B
| $4.04M | 1.19% |
20,391
+1,991
| +11% | +$373K |
|
25
Pultegroup
PHM
$24.1B
| $3.98M | 1.17% |
75,809
+7,346
| +11% | +$343K |
|
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Mount Lucas Management's Q1 2021 Portfolio in Review
As of Q1 2021, Mount Lucas Management held 116 positions worth $340M, down 29% from $475M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Mount Lucas Management withdrew a net $177M in Q1 2021, closing 5 positions and reducing 45 holdings. Its most notable exit was Vanguard FTSE Europe ETF, an estimated $1.85M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 9.1% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Mount Lucas Management opened a new position in Tellurian Inc. worth $936K.
- Mount Lucas Management's largest Q1 2021 buy was Tellurian Inc.: 400,000 shares worth $936K.
- Mount Lucas Management added most to Kohl's in Q1 2021, an estimated $1.68M increase.
- Mount Lucas Management's biggest Q1 2021 reduction was State Street Energy Select Sector SPDR ETF, cutting an estimated $10.1M.
- Mount Lucas Management fully exited Vanguard FTSE Europe ETF in Q1 2021, selling an estimated $1.85M.
- Mount Lucas Management's ten largest holdings make up 37% of its $340M portfolio in Q1 2021.
- Mount Lucas Management opened 2 new positions and closed 5 in Q1 2021.
- Mount Lucas Management's portfolio value fell 29% quarter-over-quarter to $340M.
Based on Mount Lucas Management's 13F filing for Q1 2021, filed 17 May 2021.