Mount Lucas Management LP

CIK 1185072 · View on SEC EDGAR ↗

Portfolio value
$260.7M
#5,601 of 9,443 by 13F value · top 59.3%
Positions
166
As of
June 30, 2026

Portfolio value QoQ: +5.3% 13F does not disclose cash

Top 10 holdings weight
26.02%
Top 25 holdings weight
42.79%
Positions above 1%
23
Effective number of positions
68.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 18.32% Est. buys $46,549,477 · sells $52,662,085

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 57.2% still held

New positions
23
Increased
95
Decreased
38
Closed
22
On this page

Sector breakdown

Technology
9.2%
Health Care
7.3%
Financials
6.9%
Industrials
6.9%
Financial Services
5.0%
Materials
3.9%
Telecommunication
1.9%
Communication Services
1.7%
Consumer Staples
1.4%
Retail
1.4%
Communications
1.3%
Real Estate
1.3%
Consumer Discretionary
1.0%
Energy
0.7%
Diversified Consumer Services
0.4%
Consumer products
0.4%
Other/Unmapped
49.4%

Full portfolio 166 positions

Type Streak 8Q trend
RPV $15,902,020 6.10% 139,712 $-14,028,862 Down ×1
QQQ Invesco QQQ Trust, Series 1 $15,614,626 5.99% 21,204
SHY iShares 1-3 Year Treasury Bond ETF $6,938,870 2.66% 84,507 $1,760,162 Up ×2
NBIS Nebius Group N.V. - Class A Ordinary Shares $5,523,400 2.12% 20,000 $1,373,000 Down ×1
IREN IREN Limited - Ordinary Shares $4,573,000 1.75% 100,000 $1,145,000
BBJP $4,244,698 1.63% 56,363 $384,567 Up ×1
EWA $4,146,813 1.59% 147,259 $250,142 Up ×1
IEI iShares 3-7 Year Treasury Bond ETF $3,994,592 1.53% 34,011 $-1,130,944 Down ×1
ADBE Adobe Inc. - Common Stock $3,587,850 1.38% 17,500 $-4,919,950 Down ×1
BKLN $3,300,857 1.27% 162,045 $-23,850 Down ×1
CWB $3,299,292 1.27% 30,600 $117,691 Down ×1
PBP $3,176,596 1.22% 138,716 $143,141 Up ×5
EMHY $3,163,656 1.21% 77,798 $141,241 Up ×5
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF $3,157,928 1.21% 32,745 $147,941 Up ×5
VYM $3,137,686 1.20% 19,855 $143,252 Down ×1
DWX $3,121,438 1.20% 67,917 $187,184 Up ×1
REM $3,039,328 1.17% 137,838 $1,686,417 Up ×1
CAH Cardinal Health, Inc. Common Stock $2,927,214 1.12% 12,322 $388,747 Up ×4
L Loews Corporation Common Stock $2,909,384 1.12% 25,699 $245,260 Up ×3
IVZ Invesco Ltd Common Stock $2,789,924 1.07% 105,719 $854,181 Up ×3
CSCO Cisco Systems, Inc. - Common Stock $2,699,818 1.04% 22,985 $981,355 Up ×4
DAL Delta Air Lines, Inc. Common Stock $2,612,833 1.00% 27,897 $804,112 Up ×3
PFF iShares Preferred and Income Securities ETF $2,597,321 1.00% 85,186 $34,068 Up ×1
MU Micron Technology, Inc. - Common Stock $2,590,227 0.99% 2,244 $1,941,912 Up ×1
T AT&T Inc. $2,493,294 0.96% 120,449 $-872,097 Up ×4
IEF iShares 7-10 Year Treasury Bond ETF $2,316,398 0.89% 24,494 $-2,764,732 Down ×1
JNJ Johnson & Johnson Common Stock $2,238,746 0.86% 8,815 $162,473 Up ×1
FALN iShares Fallen Angels USD Bond ETF $2,217,418 0.85% 81,403 $89,544 Up ×5
MNST Monster Beverage Corporation - Common Stock $2,216,143 0.85% 23,056 $597,821 Up ×1
GL Globe Life Inc. Common Stock $2,207,770 0.85% 12,356 $530,215 Up ×3
HYGV $2,206,167 0.85% 54,798 $46,572 Up ×5
SHYG $2,205,447 0.85% 52,003 $32,575 Up ×4
JNK $2,204,753 0.85% 22,878 $43,970 Up ×4
GHYG $2,200,233 0.84% 48,581 $51,508 Up ×4
BK The Bank of New York Mellon Corporation Common Stock $2,183,611 0.84% 15,100 $454,816 Up ×1
MOH Molina Healthcare Inc Common Stock $2,172,650 0.83% 9,500 $906,300
VTR Ventas, Inc. Common Stock $2,136,972 0.82% 24,065 $241,393 Up ×1
UAL United Airlines Holdings, Inc. - Common Stock $2,111,517 0.81% 15,527 $607,185 Down ×4
HCA HCA Healthcare, Inc. Common Stock $2,000,915 0.77% 5,132 $-384,215 Up ×3
COR Cencora, Inc. Common Stock $1,974,351 0.76% 6,977 $-747,672 Down ×1
EVC Entravision Communications Corporation Common Stock $1,956,000 0.75% 150,000 $1,434,468 Down ×1
GD General Dynamics Corporation Common Stock $1,798,831 0.69% 5,078 $116,367 Up ×1
NEM Newmont Corporation $1,761,991 0.68% 18,865 $-1,075,242 Down ×1
EWZ $1,737,627 0.67% 50,366 $-88,355 Up ×1
VZ Verizon Communications Inc. Common Stock $1,723,196 0.66% 40,699 $-246,150 Up ×3
TJX TJX Companies, Inc. (The) Common Stock $1,721,798 0.66% 11,365 $-31,229 Up ×1
Unknown issuer (CUSIP: G2004J103) $1,680,145 0.64% 58,808 Up ×1
VNQ $1,676,436 0.64% 17,385 $1,013,226 Up ×1
CBOE $1,665,687 0.64% 6,864 $-198,931 Up ×1
FTAI FTAI Aviation Ltd. - Common Stock $1,623,180 0.62% 6,000 $153,180
LHX L3Harris Technologies, Inc. Common Stock $1,552,332 0.60% 5,342 $-227,607 Up ×1
F Ford Motor Company Common Stock $1,522,592 0.58% 109,539 $289,658 Up ×1
TD Toronto Dominion Bank (The) Common Stock $1,510,346 0.58% 12,438 $890,768 Up ×1
IWD $1,399,064 0.54% 5,771 $-1,127,584 Down ×1
NDAQ Nasdaq, Inc. - Common Stock $1,380,453 0.53% 17,514 $-54,867 Up ×4
QQQM Invesco NASDAQ 100 ETF $1,368,818 0.53% 4,518
TOI The Oncology Institute, Inc. - Common Stock $1,357,500 0.52% 250,000 $590,000
VRSN VeriSign, Inc. - Common Stock $1,351,883 0.52% 5,374 $62,150 Up ×2
MPC Marathon Petroleum Corporation Common Stock $1,320,280 0.51% 5,164 $91,566 Up ×1
RSG Republic Services, Inc. Common Stock $1,291,052 0.50% 6,059 $8,909 Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock $1,274,517 0.49% 2,194 $962,455 Up ×1
CME CME Group Inc. - Class A Common Stock $1,245,260 0.48% 5,639 $-356,423 Up ×4
DG Dollar General Corporation Common Stock $1,234,209 0.47% 10,722 $-16,968 Up ×1
ROL Rollins, Inc. Common Stock $1,233,960 0.47% 29,563 $-290,735 Up ×1
COF Capital One Financial Corporation Common Stock $1,230,804 0.47% 6,135 $-374,398 Down ×1
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. Common Stock $1,226,800 0.47% 4,000 Up ×1
EVR Evercore Inc. Class A Common Stock $1,219,965 0.47% 3,573 $705,632 Up ×1
NU Nu Holdings Ltd. Class A Ordinary Shares $1,202,400 0.46% 90,000 $525,573 Up ×1
PAAS Pan American Silver Corp. Common Stock $1,170,945 0.45% 26,143 $846,934 Up ×1
GM General Motors Company Common Stock $1,155,506 0.44% 14,991 $65,943 Up ×1
CDE Coeur Mining, Inc. Common Stock $1,154,803 0.44% 70,760 $553,938 Up ×1
CVS CVS Health Corporation Common Stock $1,153,054 0.44% 11,146 $376,895 Up ×3
DDI DoubleDown Interactive Co., Ltd. - American Depository Shares $1,148,000 0.44% 100,000 Up ×1
ADM Archer-Daniels-Midland Company Common Stock $1,127,129 0.43% 14,753 $85,045 Up ×1
EWT $1,124,548 0.43% 10,354 $134,859 Down ×4
B Barrick Mining Corporation Common Shares $1,096,023 0.42% 29,840 $-499,152 Down ×1
TUR iShares MSCI Turkey ETF $1,094,355 0.42% 28,147 $89,919 Up ×3
PFG Principal Financial Group Inc - Common Stock $1,094,290 0.42% 10,153 $207,968 Up ×1
GREK $1,087,276 0.42% 14,401 $223,945 Up ×1
KGC Kinross Gold Corporation Common Stock $1,068,970 0.41% 45,257 $-1,149,468 Down ×1
THD $1,068,236 0.41% 14,773 $92,059 Up ×1
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $1,065,360 0.41% 1,104 $632,465 Down ×1
TRV The Travelers Companies, Inc. Common Stock $1,062,326 0.41% 3,218 $147,909 Up ×3
EPU $1,050,514 0.40% 12,581 $142,365 Up ×1
EWY $1,044,025 0.40% 5,171 $185,907 Down ×4
ICE Intercontinental Exchange Inc. Common Stock $1,040,403 0.40% 8,451 $-242,530 Up ×2
USB U.S. Bancorp Common Stock $1,038,276 0.40% 17,190 $171,477 Up ×3
ABT Abbott Laboratories Common Stock $1,037,067 0.40% 11,429 $-92,919 Up ×4
EWW $1,033,909 0.40% 13,736 $52,458 Up ×1
EWM $1,021,378 0.39% 37,899 $-5,274 Up ×1
EPOL $1,020,694 0.39% 26,436 $12,392 Down ×3
ECH $1,019,774 0.39% 25,687 $54,640 Up ×1
ALL Allstate Corporation (The) Common Stock $1,019,097 0.39% 4,283 $153,660 Up ×1
RF Regions Financial Corporation Common Stock $1,013,754 0.39% 33,568 $164,305 Up ×3
EWN $1,000,657 0.38% 14,226 $141,113 Down ×3
EWO $988,712 0.38% 23,360 $110,545 Down ×5
EWP $983,142 0.38% 16,554 $92,567 Up ×1
CRDO Credo Technology Group Holding Ltd - Ordinary Shares $972,493 0.37% 3,576 $764,289 Up ×1
EWI $959,570 0.37% 16,198 $84,978 Down ×1
WW WW International, Inc. - Common Stock $958,800 0.37% 60,000 $134,400

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
PBP $3,176,596 1.22% up ×5
EMHY $3,163,656 1.21% up ×5
EMB $3,157,928 1.21% up ×5
CAH $2,927,214 1.12% up ×4
L $2,909,384 1.12% up ×3
IVZ $2,789,924 1.07% up ×3
CSCO $2,699,818 1.04% up ×4
DAL $2,612,833 1.00% up ×3
T $2,493,294 0.96% up ×4
FALN $2,217,418 0.85% up ×5
GL $2,207,770 0.85% up ×3
HYGV $2,206,167 0.85% up ×5
SHYG $2,205,447 0.85% up ×4
JNK $2,204,753 0.85% up ×4
GHYG $2,200,233 0.84% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
QQQ $15,614,626 21,204 5.99%
Unknown issuer (CUSIP: G2004J103) $1,680,145 58,808 0.64%
QQQM $1,368,818 4,518 0.53%
ASR $1,226,800 4,000 0.47%
DDI $1,148,000 100,000 0.44%
IAG $918,261 57,971 0.35%
AUNA $897,750 175,000 0.34%
AAL $796,146 44,059 0.31%
LUV $748,727 14,561 0.29%
HUM $746,774 1,880 0.29%
CNC $719,185 11,204 0.28%
SANM $708,118 2,798 0.27%
DELL $698,965 1,620 0.27%
HL $652,735 42,303 0.25%
FIVE $638,794 3,553 0.25%

Top movers (QoQ)

Security Action Shares Δ Value Δ
RPV Trimmed -139K -$14.0M
ADBE Trimmed -18K -$4.9M
IEF Trimmed -29K -$2.8M
MU Bought more +325 +$1.9M
SHY Bought more +22K +$1.8M
REM Bought more +75K +$1.7M
EVC Trimmed -26K +$1.4M
NBIS Trimmed -20K +$1.4M
KGC Trimmed -27K -$1.1M
IREN Price move only +0 +$1.1M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
KWEB June 30, 2025 869,600 $30,357,736 No longer tracked
RPV March 31, 2025 273,745 $24,694,536 No longer tracked
ASHR June 30, 2025 700,000 $18,599,000 No longer tracked
JD June 30, 2025 400,000 $16,448,000 -10.7%
TSLA Sept. 30, 2025 30,000 $9,529,800 -22.4%
QQQ March 31, 2026 11,402 $7,004,363
INTC June 30, 2026 125,000 $5,516,250 -34.9%
FOXA March 31, 2026 43,623 $3,187,533 17.0%
NLY March 31, 2026 132,000 $2,951,520 12.2%
REM June 30, 2025 115,606 $2,594,199 No longer tracked
WELL March 31, 2026 11,396 $2,115,212 19.8%
IWD March 31, 2025 10,710 $1,982,742 No longer tracked
TMUS June 30, 2025 7,270 $1,938,982 -23.4%
SVOL March 31, 2025 86,264 $1,793,429 No longer tracked
BRO June 30, 2025 14,398 $1,791,111 -35.1%
WMT March 31, 2026 15,668 $1,745,572 -16.1%
V March 31, 2025 5,265 $1,663,951 4.9%
CPRT March 31, 2025 28,210 $1,618,972 -39.8%
JPM June 30, 2025 6,560 $1,609,168 22.5%
BR March 31, 2025 7,116 $1,608,856 -27.1%
WAB March 31, 2026 7,436 $1,587,214 17.0%
AJG March 31, 2025 5,584 $1,585,018 -24.6%
CTAS June 30, 2025 7,632 $1,568,605 -9.0%
CME March 31, 2025 6,722 $1,561,050 1.4%
WMB March 31, 2026 25,725 $1,546,330 0.8%
MCK June 30, 2025 2,209 $1,486,635 16.0%
TJX June 30, 2025 12,169 $1,482,184 14.8%
CCL June 30, 2026 57,162 $1,479,353 -9.1%
CBOE March 31, 2025 7,555 $1,476,247 No longer tracked
ADP Sept. 30, 2025 4,753 $1,465,825 -4.8%
COST June 30, 2025 1,535 $1,451,772 -5.3%
KMI March 31, 2026 52,049 $1,430,827 -4.2%
TRGP June 30, 2025 6,833 $1,369,812 73.8%
APH June 30, 2025 19,990 $1,311,144 55.6%
PKG March 31, 2026 6,343 $1,308,117 18.6%
ROP March 31, 2025 2,498 $1,298,585 -30.6%
ADP March 31, 2026 4,896 $1,259,398 37.5%
HOOD March 31, 2026 10,739 $1,214,581 41.6%
WFC March 31, 2025 16,825 $1,181,788 18.7%
MSI March 31, 2026 3,058 $1,172,193 11.3%
PFF June 30, 2025 37,173 $1,142,326
EWA March 31, 2025 46,843 $1,117,674 No longer tracked
URI March 31, 2025 1,540 $1,084,838 78.6%
FTI June 30, 2026 15,663 $1,082,783 17.9%
FMCC March 31, 2026 99,017 $1,004,032 No longer tracked
AIZ June 30, 2025 4,651 $975,547 40.5%
EIDO March 31, 2026 51,639 $965,649 No longer tracked
INDA March 31, 2026 17,477 $944,632 No longer tracked
FXI March 31, 2026 24,413 $934,774 No longer tracked
AIG June 30, 2025 10,666 $927,302 -11.8%
EWM March 31, 2025 36,749 $901,453 No longer tracked
FIX March 31, 2026 964 $899,692 20.9%
EWT March 31, 2025 17,215 $891,048 No longer tracked
HCA March 31, 2025 2,952 $886,043 18.8%
EWG March 31, 2026 20,770 $882,725 No longer tracked
VRT March 31, 2025 7,769 $882,636 256.6%
EPHE Sept. 30, 2025 32,171 $872,478 No longer tracked
CINF March 31, 2026 5,154 $841,751 6.6%
CB March 31, 2026 2,681 $836,794 4.9%
HPE March 31, 2026 33,930 $814,999 121.9%
MRVL March 31, 2025 7,000 $773,150 295.1%
EG June 30, 2025 2,103 $764,083 7.5%
CIEN March 31, 2025 9,000 $763,290 549.1%
ACGL March 31, 2026 7,895 $757,288 2.7%
VNQI June 30, 2026 16,921 $752,138
PCAR June 30, 2025 7,661 $745,952 34.0%
PHM June 30, 2025 7,173 $737,384 21.7%
F March 31, 2025 73,364 $726,304 39.4%
INDA Sept. 30, 2025 13,033 $725,677 No longer tracked
PRU March 31, 2026 6,260 $706,629 24.5%
CHTR March 31, 2025 2,060 $706,106 -58.5%
THD March 31, 2025 11,513 $695,846 No longer tracked
IBKR June 30, 2026 10,369 $695,449 4.2%
CMCSA March 31, 2025 18,482 $693,629 -27.8%
NTRS June 30, 2026 4,961 $692,407 6.2%
GMED March 31, 2026 7,831 $683,725 2.4%
FANG June 30, 2025 4,267 $682,208 56.6%
THC March 31, 2026 3,380 $671,674 45.3%
USFD June 30, 2026 7,064 $651,371 6.5%
RY March 31, 2026 3,761 $641,213 27.5%
NCLH March 31, 2026 27,934 $623,487 -9.9%
COHR March 31, 2025 6,500 $615,745 331.8%
PR June 30, 2025 43,606 $603,943 75.3%
LEN June 30, 2025 5,209 $597,889 -22.4%
MU March 31, 2025 7,000 $589,120 975.3%
CVNA June 30, 2026 1,865 $586,319 6.7%
QQQM March 31, 2026 2,308 $583,739
PWR March 31, 2026 1,363 $575,268 22.2%
HCC June 30, 2025 12,020 $573,594 129.1%
EME March 31, 2026 924 $565,294 6.7%
EXEL June 30, 2026 12,969 $556,240 -0.4%
FCNCA March 31, 2025 260 $549,385 17.0%
RCL March 31, 2026 1,950 $543,894 7.1%
PFGC June 30, 2026 6,188 $530,064 -6.9%
KKR June 30, 2025 4,023 $465,099 -17.7%
MUB June 30, 2025 4,373 $461,089 No longer tracked
BURL June 30, 2025 1,929 $459,739 42.1%
HLI June 30, 2026 3,162 $454,126 -4.0%
INDA March 31, 2025 8,514 $448,177 No longer tracked
CAH March 31, 2025 3,754 $443,986 68.3%
PPC March 31, 2026 11,341 $442,186 -16.6%
RGA June 30, 2025 2,223 $437,709 21.5%
LAD June 30, 2026 1,636 $408,542 27.9%
ARES March 31, 2026 2,500 $404,075 31.6%
EQH June 30, 2026 10,388 $385,499 12.4%
DKNG June 30, 2025 11,556 $383,775 -39.2%
COIN March 31, 2026 1,648 $372,679 -2.4%
CE March 31, 2025 5,383 $372,557 -18.0%
QTRX March 31, 2026 56,500 $359,340 -13.1%
VBNK March 31, 2026 23,200 $347,536 37.9%
HWM June 30, 2025 2,661 $345,212 50.5%
AVGO June 30, 2026 1,078 $333,652 -3.6%
DVA March 31, 2026 2,852 $324,016 15.3%
WBD March 31, 2025 30,228 $319,510 164.4%
NET June 30, 2026 1,512 $311,986 15.9%
DASH March 31, 2025 1,823 $305,808 21.3%
MGM March 31, 2025 8,595 $297,817 44.5%
APP June 30, 2026 728 $289,744 -38.6%
NVDA March 31, 2026 1,553 $289,635 25.7%
GXO March 31, 2025 6,045 $262,958 16.5%
SFM June 30, 2026 3,371 $260,005 -6.9%
ANET March 31, 2026 1,888 $247,385 49.7%
HUBS March 31, 2025 333 $232,024 -57.9%
WWD June 30, 2025 1,227 $223,915 44.5%
AXON March 31, 2026 387 $219,789 49.1%
IOT June 30, 2026 6,923 $219,390 22.2%
DDOG March 31, 2025 1,511 $215,907 134.6%
NOTV Dec. 31, 2025 143,500 $208,075 No longer tracked
CRWD June 30, 2025 575 $202,734 -61.1%
TKNO June 30, 2026 70,000 $202,300 26.9%
MELI March 31, 2025 118 $200,652 -1.7%
SHCO Sept. 30, 2025 25,000 $183,750 No longer tracked
ESTC June 30, 2025 1,979 $176,329 4.3%
NOW March 31, 2026 1,038 $159,011 24.0%
RBLX June 30, 2026 2,698 $152,599 -30.4%
ZS March 31, 2025 836 $150,823 -7.9%
SNOW March 31, 2025 932 $143,910 119.5%
ZS June 30, 2026 888 $124,578 29.5%
SMCI June 30, 2025 2,888 $98,885 -23.9%
MRP June 30, 2025 2,611 $69,218 6.9%
DUOL June 30, 2026 570 $56,185 28.2%
CVRX Sept. 30, 2025 5,100 $29,988 -65.1%