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LEUTHOLD GROUP, LLC

150 SOUTH FIFTH STREET SUITE 1700, MINNEAPOLIS, MN 55402 • 6123329141

Q2 2025 · Filed 2025-08-13
Market Value
$834M
+9.0%
Holdings
237
-4
New Purchases
38
Added To
49
Closed
32
Reduced
88
Top 10 Concentration
20.5%
Turnover
29.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTIP 1.29% 0.15% +1.13% $11M
UBER 0.69% 0.00% +0.69% $6M
NFLX 2.32% 1.79% +0.53% $19M
PNC 0.52% 0.00% +0.52% $4M
ORCL 1.77% 1.25% +0.51% $15M
USB 0.50% 0.00% +0.50% $4M
MSFT 3.00% 2.50% +0.49% $25M
JBL 1.57% 1.08% +0.48% $13M
IBND 1.00% 0.53% +0.47% $8M
IGOV 1.49% 1.04% +0.45% $12M
DY 0.45% 0.00% +0.45% $4M
FTDR 0.46% 0.03% +0.43% $4M
SANM 0.42% 0.00% +0.42% $4M
PLXS 0.41% 0.00% +0.41% $3M
CI 0.35% 0.00% +0.35% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PSQ 0.49% 1.81% -1.32% $4M
JAAA 0.08% 1.21% -1.13% $635K
SPDN 2.14% 2.88% -0.74% $18M
EMLC 0.00% 0.68% -0.68% $0
MTB 0.03% 0.61% -0.58% $287K
HBAN 0.00% 0.51% -0.51% $0
G 0.00% 0.51% -0.51% $0
CFG 0.00% 0.49% -0.49% $0
MTCH 0.00% 0.48% -0.48% $0
MRK 0.00% 0.48% -0.48% $0
ONB 0.03% 0.43% -0.40% $265K
VOYA 0.00% 0.40% -0.40% $0
RWM 1.34% 1.72% -0.38% $11M
FITB 0.00% 0.37% -0.37% $0
COLB 0.00% 0.36% -0.36% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 39.7%
Technology 15.5%
Healthcare 14.7%
Industrials 8.7%
Basic Materials 6.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 21 $185M 22.1%
Large Cap 123 $426M 51.0%
Mid Cap 67 $112M 13.4%
Small Cap 21 $81M 9.7%
Micro Cap 5 $32M 3.8%

Portfolio Analytics

Avg Market Cap
$97.8B
Median Market Cap
$18.0B
Avg P/E
22.6
Median P/E
15.9
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
181
# ETFs / Funds
56

Top Holdings (237 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 3.00% 50,269 $25M $497.41 $6M -784 -1.5%
2 META 2.61% 29,556 $22M $738.09 $4M -513 -1.7%
3 BWX 2.36% 839,145 $20M $23.49 $2M +31,426 +3.9%
4 NFLX 2.32% 14,441 $19M $1,339.13 $6M -229 -1.6%
5 SPDN 2.14% 1,731,569 $18M $10.30 -$4M -167,567 -8.8%
6 ORCL 1.77% 67,388 $15M $218.63 $5M -1,107 -1.6%
7 SHY 1.65% 165,772 $14M $82.86 $14K -88 -0.1%
8 JBL 1.57% 59,900 $13M $218.10 $5M -947 -1.6%
9 SPIB 1.56% 388,529 $13M $33.58 $2M +61,282 +18.7%
10 IGOV 1.49% 289,269 $12M $43.10 $5M +87,318 +43.2%
11 GS 1.47% 17,385 $12M $707.75 $3M -267 -1.5%
12 GOOGL 1.43% 67,493 $12M $176.23 $1M -1,005 -1.5%
13 MCK 1.36% 15,453 $11M $732.78 $731K -287 -1.8%
14 RWM 1.34% 595,073 $11M $18.82 -$2M -39,814 -6.3%
15 VTIP 1.29% 213,388 $11M $50.27 $10M +189,895 +808.3%
16 XLF 1.23% 196,446 $10M $52.37 $701K +3,970 +2.1%
17 CAH 1.23% 61,036 $10M $168.00 $2M -918 -1.5%
18 FLEX 1.18% 197,916 $10M $49.92 $3M -3,080 -1.5%
19 XLK 1.18% 38,893 $10M $253.23 $3M +3,736 +10.6%
20 URI 1.16% 12,883 $10M $753.40 $992K -1,022 -7.3%
21 MS 1.14% 67,646 $10M $140.86 $2M -1,016 -1.5%
22 KGC 1.13% 604,396 $9M $15.63 $2M -9,495 -1.6%
23 PHM 1.13% 89,268 $9M $105.46 -$532K -7,484 -7.7%
24 TMUS 1.13% 39,491 $9M $238.26 -$1M -552 -1.4%
25 IVV 1.09% 14,658 $9M $620.90 $1M +343 +2.4%
26 XLC 1.08% 83,162 $9M $108.53 $1M +1,748 +2.1%
27 JPM 1.07% 30,882 $9M $289.91 $1M -516 -1.6%
28 ABC 1.07% 29,858 $9M $299.85 $523K -456 -1.5%
29 FXY 1.03% 134,551 $9M $63.94 $2M +33,900 +33.7%
30 CSCO 1.03% 123,562 $9M $69.38 $3M +39,356 +46.7%
31 MA 1.02% 15,102 $8M $561.94 $75K -244 -1.6%
32 IBND 1.00% 256,592 $8M $32.59 $4M +119,314 +86.9%
33 IEF 0.92% 80,222 $8M $95.77 $1M +11,065 +16.0%
34 IGIB 0.91% 143,077 $8M $53.29 $447K +6,421 +4.7%
35 DHI 0.91% 58,938 $8M $128.92 -$523K -4,946 -7.7%
36 BAC 0.89% 156,268 $7M $47.32 $773K -2,410 -1.5%
37 DB 0.89% 252,216 $7M $29.28 $1M -3,628 -1.4%
38 V 0.85% 20,066 $7M $355.05 -$607K -1,996 -9.1%
39 CHKP 0.85% 32,088 $7M $221.25 -$315K -442 -1.4%
40 C 0.82% 80,148 $7M $85.12 $1M -889 -1.1%
41 T 0.82% 235,452 $7M $28.94 $50K -3,740 -1.6%
42 IEFA 0.79% 78,957 $7M $83.48 $924K +4,048 +5.4%
43 TEL 0.78% 38,812 $7M $168.67 $979K -584 -1.5%
44 FTNT 0.78% 61,736 $7M $105.72 $488K -993 -1.6%
45 DIS 0.77% 51,931 $6M $124.01 $1M -819 -1.6%
46 MBB 0.75% 66,832 $6M $93.89 $582K +6,124 +10.1%
47 TOL 0.74% 54,139 $6M $114.13 -$23K -4,592 -7.8%
48 CVSA 0.74% 48,488 $6M $127.23 $1M -697 -1.4%
49 IAG 0.72% 818,737 $6M $7.35 $820K -12,823 -1.5%
50 HCA 0.72% 15,606 $6M $383.10 -$190K -2,246 -12.6%
51 CM 0.71% 83,376 $6M $70.83 $1M -1,222 -1.4%
52 BCS 0.71% 317,243 $6M $18.59 $955K -4,559 -1.4%
53 UBER 0.69% 61,335 $6M $93.30 +61,335 NEW
54 VRSN 0.68% 19,734 $6M $288.80 $198K -1,936 -8.9%
55 AEM 0.67% 46,805 $6M $118.93 $408K -775 -1.6%
56 NOK 0.65% 1,048,613 $5M $5.18 $2M +313,034 +42.6%
57 FFIV 0.65% 18,413 $5M $294.32 $2M +5,599 +43.7%
58 LRN 0.64% 36,993 $5M $145.19 $619K -575 -1.5%
59 ERIC 0.61% 602,678 $5M $8.48 $2M +198,526 +49.1%
60 THC 0.61% 28,857 $5M $176.00 $672K -3,910 -11.9%
61 MTBA 0.60% 99,986 $5M $50.09 -$1M -23,947 -19.3%
62 LAUR 0.60% 212,592 $5M $23.38 $559K -3,117 -1.4%
63 FXE 0.58% 44,735 $5M $108.79 $680K +2,829 +6.8%
64 AGG 0.57% 47,795 $5M $99.20 $13K
65 UTI 0.55% 136,521 $5M $33.89 $1M -2,095 -1.5%
66 TWLO 0.55% 36,638 $5M $124.36 $624K -3,521 -8.8%
67 HIG 0.53% 35,010 $4M $126.87 $42K -548 -1.5%
68 CARG 0.53% 131,549 $4M $33.47 $265K -10,490 -7.4%
69 VONV 0.52% 50,846 $4M $85.21 $136K
70 PNC 0.52% 23,140 $4M $186.42 +23,140 NEW
71 TRV 0.51% 15,907 $4M $267.54 -$8K -215 -1.3%
72 USB 0.50% 91,347 $4M $45.25 +91,347 NEW
73 PSQ 0.49% 122,369 $4M $33.66 -$10M -218,493 -64.1%
74 RJF 0.49% 26,616 $4M $153.37 $330K -392 -1.4%
75 SSNC 0.48% 48,012 $4M $82.80 $13K +580 +1.2%
76 GDDY 0.47% 21,899 $4M $180.06 -$362K -1,998 -8.4%
77 FTDR 0.46% 65,531 $4M $58.94 $4M +59,455 +978.5%
78 ALL 0.46% 19,089 $4M $201.31 -$174K -309 -1.6%
79 UGI 0.46% 105,215 $4M $36.42 $744K +11,827 +12.7%
80 CMCSA 0.45% 106,225 $4M $35.69 -$191K -1,684 -1.6%
81 DY 0.45% 15,393 $4M $244.39 +15,393 NEW
82 EHC 0.44% 30,016 $4M $122.63 $595K -450 -1.5%
83 MKL 0.43% 1,810 $4M $1,997.36 $149K -44 -2.4%
84 SANM 0.42% 36,208 $4M $97.83 +36,208 NEW
85 PAAS 0.42% 123,572 $4M $28.40 $268K -1,914 -1.5%
86 STRA 0.42% 41,196 $4M $85.13 $510 -568 -1.4%
87 AKAM 0.42% 43,777 $3M $79.76 -$376K -4,273 -8.9%
88 EGO 0.42% 171,214 $3M $20.34 $557K -2,686 -1.5%
89 PYPL 0.41% 45,786 $3M $74.32 -$19K -6,658 -12.7%
90 PLXS 0.41% 25,081 $3M $135.31 +25,081 NEW
91 MDU 0.40% 202,649 $3M $16.67 $299K +20,553 +11.3%
92 RCL 0.40% 10,775 $3M $313.14 $1M -149 -1.4%
93 VIRT 0.40% 74,840 $3M $44.79 $453K -1,214 -1.6%
94 QLYS 0.40% 23,410 $3M $142.87 $346K -398 -1.7%
95 AIZ 0.40% 16,780 $3M $197.49 -$270K -305 -1.8%
96 UHS 0.39% 18,069 $3M $181.15 -$637K -2,743 -13.2%
97 ACGL 0.38% 35,164 $3M $91.05 -$227K -486 -1.4%
98 OKTA 0.38% 31,697 $3M $99.97 -$221K -518 -1.6%
99 CCL 0.38% 111,327 $3M $28.12 $922K -1,753 -1.6%
100 NJR 0.37% 69,635 $3M $44.82 $44K +6,917 +11.0%

New Positions

SymbolValue% Port
UBER $6M 0.69%
PNC $4M 0.52%
USB $4M 0.50%
DY $4M 0.45%
SANM $4M 0.42%
PLXS $3M 0.41%
CI $3M 0.35%
CVS $3M 0.34%
LAD $3M 0.33%
ABG $3M 0.33%
BHE $2M 0.21%
CTS $2M 0.21%
AGGY $477K 0.06%
PEJ $446K 0.05%
LQD $445K 0.05%

Sold Out Positions

SymbolValue% Port
CFG —%
VOYA —%
CON —%
PINS —%
G —%
MRK —%
GPN —%
SEM —%
JD —%
EEFT —%
FITB —%
FCNCA —%
COLB —%
IAC —%
BIDU —%
View SEC EDGAR Filings for LEUTHOLD GROUP, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms