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Mount Lucas Management LP

405 SOUTH STATE STREET, NEWTOWN, PA 18940 • 267-759-3500

Q3 2025 · Filed 2025-11-10
Market Value
$215M
+5.0%
Holdings
161
-25
New Purchases
6
Added To
48
Closed
5
Reduced
94
Top 10 Concentration
26.9%
Turnover
6.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PFF 1.34% 0.00% +1.34% $3M
REM 1.30% 0.00% +1.30% $3M
ACGL 1.00% 0.36% +0.64% $2M
THD 0.44% 0.00% +0.44% $946K
MUB 0.34% 0.00% +0.34% $730K
VNQ 0.66% 0.35% +0.32% $1M
RKT 0.31% 0.00% +0.31% $659K
NEM 1.00% 0.76% +0.24% $2M
APP 0.46% 0.25% +0.21% $994K
HOOD 0.73% 0.54% +0.19% $2M
TOI 0.26% 0.08% +0.18% $560K
KGC 0.59% 0.42% +0.17% $1M
AEM 0.77% 0.61% +0.16% $2M
BK 0.95% 0.80% +0.14% $2M
IVZ 0.50% 0.37% +0.13% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IEF 1.28% 2.33% -1.04% $3M
IEI 1.28% 2.31% -1.04% $3M
SHY 1.28% 2.30% -1.02% $3M
ADP 0.00% 0.72% -0.72% $0
RFIX 0.23% 0.71% -0.48% $498K
AGNCZ 2.08% 2.56% -0.48% $4M
EPHE 0.00% 0.43% -0.43% $0
INDA 0.00% 0.35% -0.35% $0
SFM 0.33% 0.56% -0.23% $704K
PGR 1.08% 1.29% -0.21% $2M
CHTR 0.23% 0.36% -0.14% $489K
SHCO 0.00% 0.09% -0.09% $0
DUOL 0.19% 0.27% -0.08% $402K
ICE 0.62% 0.68% -0.07% $1M
COF 0.61% 0.67% -0.06% $1M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 66.2%
Technology 8.2%
Healthcare 6.1%
Communication Services 4.3%
Basic Materials 3.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $35M 16.1%
Large Cap 95 $118M 54.8%
Mid Cap 20 $23M 10.8%
Small Cap 24 $31M 14.4%
Micro Cap 14 $8M 3.9%

Portfolio Analytics

Avg Market Cap
$94.7B
Median Market Cap
$23.7B
Avg P/E
27.8
Median P/E
16.9
Avg Dividend Yield
0.01%
Avg Beta
1.00
# Stocks
105
# ETFs / Funds
56

Top Holdings (161 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QQQ 13.37% 47,847 $29M $600.37 $1M -1,692 -3.4%
2 AGNCZ 2.08% 457,000 $4M $9.79 -$772K -113,800 -19.9%
3 BBJP 1.76% 56,874 $4M $66.32 $241K -286 -0.5%
4 EWA 1.71% 135,861 $4M $27.00 $83K -345 -0.2%
5 CWB 1.39% 33,084 $3M $90.50 $202K -691 -2.0%
6 PFF 1.34% 91,038 $3M $31.62 +91,038 NEW
7 BKLN 1.33% 136,934 $3M $20.93 $157K +7,416 +5.7%
8 REM 1.30% 127,038 $3M $21.97 +127,038 NEW
9 VYM 1.29% 19,613 $3M $140.95 $102K -356 -1.8%
10 EMB 1.28% 28,975 $3M $95.19 $127K +570 +2.0%
11 IEF 1.28% 28,572 $3M $96.46 -$2M -21,114 -42.5%
12 PBP 1.28% 124,347 $3M $22.12 $137K +4,809 +4.0%
13 FOXA 1.28% 43,558 $3M $63.06 $337K +556 +1.3%
14 SHY 1.28% 33,108 $3M $82.96 -$2M -23,745 -41.8%
15 IEI 1.28% 22,953 $3M $119.51 -$2M -16,803 -42.3%
16 EMHY 1.27% 68,856 $3M $39.69 $106K +1,455 +2.2%
17 DWX 1.26% 63,599 $3M $42.70 $105K +1,655 +2.7%
18 PGR 1.08% 9,429 $2M $246.95 -$310K -458 -4.6%
19 QQQM 1.05% 9,121 $2M $247.12 $67K -507 -5.3%
20 ACGL 1.00% 12,748 $2M $168.91 $1M +4,685 +58.1%
21 NEM 1.00% 25,460 $2M $84.31 $586K -1,323 -4.9%
22 T 1.00% 75,861 $2M $28.24 -$11K +1,464 +2.0%
23 ABC 0.96% 6,575 $2M $312.53 $85K +6 +0.1%
24 BK 0.95% 18,692 $2M $108.96 $391K +628 +3.5%
25 WELL 0.94% 11,382 $2M $178.14 $334K +368 +3.3%
26 MET 0.94% 24,398 $2M $82.37 -$21K -854 -3.4%
27 UAL 0.91% 20,342 $2M $96.50 $254K -1,125 -5.2%
28 FALN 0.90% 69,897 $2M $27.78 $101K +2,091 +3.1%
29 HYGV 0.89% 46,606 $2M $41.20 $92K +2,042 +4.6%
30 JNK 0.89% 19,587 $2M $97.99 $94K +822 +4.4%
31 GHYG 0.89% 41,136 $2M $46.54 $77K +1,448 +3.6%
32 SHYG 0.89% 44,214 $2M $43.30 $93K +1,983 +4.7%
33 GM 0.80% 28,226 $2M $60.97 $295K -756 -2.6%
34 CCL 0.78% 58,280 $2M $28.91 -$1K -1,682 -2.8%
35 AEM 0.77% 9,784 $2M $168.56 $399K -731 -7.0%
36 WMB 0.75% 25,587 $2M $63.35 $70K +900 +3.6%
37 WMT 0.75% 15,685 $2M $103.06 $130K +480 +3.2%
38 EWZ 0.74% 51,551 $2M $31.00 $76K -1,210 -2.3%
39 NTRS 0.74% 11,839 $2M $134.60 $27K -514 -4.2%
40 HOOD 0.73% 10,940 $2M $143.18 $462K -850 -7.2%
41 DAL 0.71% 26,849 $2M $56.75 $170K -682 -2.5%
42 WAB 0.70% 7,447 $1M $200.47 -$20K +219 +3.0%
43 KMI 0.68% 51,616 $1M $28.31 $2K +1,979 +4.0%
44 CSCO 0.68% 21,223 $1M $68.42 $30K +729 +3.6%
45 VNQI 0.67% 30,254 $1M $47.74 $40K -183 -0.6%
46 NDAQ 0.67% 16,287 $1M $88.45 $29K +501 +3.2%
47 VNQ 0.66% 15,575 $1M $91.42 $716K +7,626 +95.9%
48 ABT 0.66% 10,566 $1M $133.94 $25K +345 +3.4%
49 MSI 0.66% 3,082 $1M $457.29 $153K +95 +3.2%
50 VRSN 0.65% 4,999 $1M $279.57 -$800 +157 +3.2%
51 PKG 0.65% 6,367 $1M $217.93 $228K +216 +3.5%
52 CME 0.65% 5,128 $1M $270.19 $18K +166 +3.4%
53 CAH 0.63% 8,589 $1M $156.96 -$49K +270 +3.2%
54 ALL 0.62% 6,216 $1M $214.65 $29K -267 -4.1%
55 ICE 0.62% 7,859 $1M $168.48 -$73K +243 +3.2%
56 COF 0.61% 6,142 $1M $212.58 -$63K -293 -4.5%
57 RSG 0.60% 5,648 $1M $229.48 -$54K +172 +3.1%
58 KGC 0.59% 50,802 $1M $24.85 $408K -3,860 -7.1%
59 FMCC 0.55% 100,847 $1M $11.77 $291K -7,830 -7.2%
60 HLI 0.54% 5,681 $1M $205.32 $68K -425 -7.0%
61 FTI 0.53% 29,066 $1M $39.45 $69K -2,213 -7.1%
62 IVZ 0.50% 46,809 $1M $22.94 $322K -895 -1.9%
63 EPU 0.49% 17,096 $1M $61.50 $133K -1,805 -9.6%
64 EZA 0.48% 15,949 $1M $64.10 $120K -837 -5.0%
65 EWY 0.47% 12,732 $1M $80.10 -$7K -1,576 -11.0%
66 EWW 0.47% 14,850 $1M $68.21 $126K +211 +1.4%
67 EWT 0.46% 15,637 $995K $63.62 $44K -925 -5.6%
68 APP 0.46% 1,383 $994K $718.54 $472K -107 -7.2%
69 UWMC 0.46% 162,000 $987K $6.09 $96K -53,000 -24.6%
70 FXI 0.45% 23,638 $972K $41.14 $50K -1,446 -5.8%
71 EWM 0.45% 36,984 $959K $25.92 $145K +3,566 +10.7%
72 WRB 0.44% 12,396 $950K $76.62 $13K -349 -2.7%
73 THD 0.44% 16,066 $946K $58.89 +16,066 NEW
74 GREK 0.44% 14,579 $939K $64.40 $12K -1,397 -8.7%
75 EPOL 0.43% 29,016 $934K $32.20 -$935 +25 +0.1%
76 ECH 0.43% 28,034 $924K $32.96 $42K -12 -0.0%
77 PLTR 0.43% 5,031 $918K $182.42 $178K -392 -7.2%
78 EWN 0.42% 15,426 $895K $58.01 $91K +670 +4.5%
79 HIG 0.41% 6,617 $883K $133.39 $22K -169 -2.5%
80 RBLX 0.40% 6,240 $864K $138.52 $157K -487 -7.2%
81 L 0.40% 8,511 $854K $100.39 $52K -240 -2.7%
82 EWP 0.39% 17,136 $848K $49.50 $56K -849 -4.7%
83 EWQ 0.39% 19,197 $843K $43.93 $51K +696 +3.8%
84 TRV 0.39% 2,986 $834K $279.22 $14K -78 -2.5%
85 EWI 0.39% 16,015 $832K $51.95 $43K -369 -2.2%
86 EWD 0.39% 17,624 $832K $47.20 $41K +329 +1.9%
87 EWU 0.39% 19,720 $828K $41.97 $47K +67 +0.3%
88 RF 0.38% 31,225 $823K $26.37 $75K -597 -1.9%
89 EWO 0.38% 26,537 $822K $30.99 $21K -712 -2.6%
90 HPE 0.38% 33,483 $822K $24.56 $121K -832 -2.4%
91 UHS 0.38% 4,013 $820K $204.44 $73K -114 -2.8%
92 EWL 0.38% 14,776 $816K $55.24 $38K +577 +4.1%
93 GL 0.38% 5,706 $816K $142.97 $88K -152 -2.6%
94 EWG 0.38% 19,522 $812K $41.61 $24K +889 +4.8%
95 FIX 0.38% 983 $811K $825.18 $244K -74 -7.0%
96 B 0.38% 24,747 $811K $32.77 $259K -1,770 -6.7%
97 LQD 0.38% 7,233 $806K $111.47 $45K +288 +4.2%
98 WIP 0.38% 20,556 $806K $39.21 $28K +1,055 +5.4%
99 CINF 0.37% 5,091 $805K $158.10 $28K -126 -2.4%
100 NU 0.37% 50,000 $800K $16.01 $114K

New Positions

SymbolValue% Port
PFF $3M 1.34%
REM $3M 1.30%
THD $946K 0.44%
MUB $730K 0.34%
RKT $659K 0.31%
TUR $212K 0.10%

Sold Out Positions

SymbolValue% Port
ADP —%
CVRX —%
INDA —%
EPHE —%
SHCO —%
View SEC EDGAR Filings for Mount Lucas Management LP →

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