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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
+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 | |
|---|---|---|---|---|---|---|
|
1
Invesco S&P 500 Pure Value ETF
RPV
$1.65B
| $25.2M | 8.41% |
+324,323
| New | +$24.2M |
|
|
2
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $13.5M | 4.51% |
166,334
-256,068
| -61% | -$20.9M |
|
3
CALL
Walt Disney
DIS
$167B
| $12.5M | 4.18% |
140,000
| – | – |
|
4
CALL
PayPal
PYPL
$48.9B
| $8.34M | 2.79% |
125,000
| – | – |
|
5
Cigna
CI
$73.7B
| $6.86M | 2.29% |
24,446
+5,816
| +31% | +$1.51M |
|
|
6
Cardinal Health
CAH
$53.9B
| $5.85M | 1.96% |
+61,866
| New | +$5.23M |
|
7
EQT Corp
EQT
$33.3B
| $5.66M | 1.89% |
137,733
+45,647
| +50% | +$1.61M |
|
8
McKesson
MCK
$100B
| $5.51M | 1.84% |
12,898
+4,249
| +49% | +$1.63M |
|
9
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $4.95M | 1.66% |
42,958
+17,200
| +67% | +$2.01M |
|
10
United Airlines
UAL
$39.4B
| $3.79M | 1.27% |
69,037
+57,484
| +498% | +$2.71M |
|
11
Delta Air Lines
DAL
$57.5B
| $3.58M | 1.2% |
+75,353
| New | +$2.78M |
|
|
12
Marathon Petroleum
MPC
$92.4B
| $3.53M | 1.18% |
30,296
-33,136
| -52% | -$3.85M |
|
|
13
American Airlines Group
AAL
$10.1B
| $3.42M | 1.14% |
+190,589
| New | +$2.79M |
|
14
ExxonMobil
XOM
$644B
| $3.36M | 1.12% |
31,354
-32,842
| -51% | -$3.58M |
|
15
JPMorgan BetaBuilders Japan ETF
BBJP
$17.5B
| $3.33M | 1.11% |
64,527
-7,127
| -10% | -$355K |
|
16
Valero Energy
VLO
$90.1B
| $3.3M | 1.1% |
28,104
-25,439
| -48% | -$2.96M |
|
|
CTRA
17
DELISTED
Coterra Energy
CTRA
| $3.24M | 1.08% |
128,051
-44,999
| -26% | -$1.12M |
|
18
AGNC Investment
AGNC
$12.4B
| $3.14M | 1.05% |
309,900
+11,300
| +4% | +$110K |
|
19
PACCAR
PCAR
$69.8B
| $3.13M | 1.05% |
+37,462
| New | +$2.77M |
|
20
Pultegroup
PHM
$24.1B
| $3.12M | 1.04% |
+40,149
| New | +$2.72M |
|
21
Annaly Capital Management
NLY
$17.1B
| $3.06M | 1.02% |
152,800
+4,800
| +3% | +$93.3K |
|
|
22
iShares MSCI Australia ETF
EWA
$1.39B
| $2.99M | 1% |
+132,471
| New | +$3.03M |
|
23
ConocoPhillips
COP
$147B
| $2.94M | 0.98% |
28,388
-11,800
| -29% | -$1.21M |
|
|
24
MGM Resorts International
MGM
$11.4B
| $2.93M | 0.98% |
+66,736
| New | +$2.85M |
|
25
Progressive
PGR
$123B
| $2.89M | 0.97% |
21,807
-3,137
| -13% | -$421K |
|
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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.