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Livermore
Livermore
ZHEN

Leuthold Group, LLC

SEC CIK
0001170152
Latest filing
Aug 4, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 5, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
207
+2 vs. Q3 2025
Portfolio value
$926.0M
+$12.0M (+1.3%) vs. Q3 2025
Filed
Feb 5, 2026
SEC
Holdings of Leuthold Group, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock50,686$24.5M2.6%−1,351−2.6%ReducedHistory
Direxion Shares ETF Trust25460E869DAILY 500 1X ETF2,340,534$22.1M2.4%+601,711+34.6%Added–
GOOGLAlphabet Inc.Stock67,594$21.2M2.3%−2,263−3.2%ReducedHistory
SPDR Series Trust78464A516ST INTL BBG ETF832,892$18.8M2.0%−5,140−0.6%Reduced–
GSGoldman Sachs Group IncStock18,083$15.9M1.7%+130+0.7%AddedHistory
JBLJabil IncStock62,315$14.2M1.5%+312+0.5%AddedHistory
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375ETF420,225$14.2M1.5%00.0%Unchanged–
KGCKinross Gold CorpCOM476,291$13.4M1.4%−133,640−21.9%ReducedHistory
ProShares Tr74348A210SHRT RUSSELL2000817,685$13.4M1.4%+215,580+35.8%Added–
METAMeta Platforms, Inc.Stock19,970$13.2M1.4%−10,622−34.7%ReducedHistory
MCKMcKesson CorpStock16,008$13.1M1.4%+10+0.1%AddedHistory
CAHCardinal Health IncStock63,407$13.0M1.4%+225+0.4%AddedHistory
iShares Tr4642874571 3 YR TREAS BD154,959$12.8M1.4%−5,440−3.4%Reduced–
MSMorgan StanleyStock70,029$12.4M1.3%+165+0.2%AddedHistory
FLEXFlex Ltd.Stock205,534$12.4M1.3%+674+0.3%AddedHistory
CSCOCisco Systems, Inc.Stock154,877$11.9M1.3%+18,776+13.8%AddedHistory
FDXFedEx CorpStock37,713$10.9M1.2%+37,713NewHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF74,835$10.8M1.2%+739+1.0%AddedConverted for a 2-for-1 split–
UPSUnited Parcel Service IncStock106,348$10.5M1.1%+106,348NewHistory
CORCencora, Inc.Stock30,893$10.4M1.1%−100.0%ReducedHistory
JPMJPMorgan Chase & CoStock32,188$10.4M1.1%+225+0.7%AddedHistory
iShares Tr464288117INTL TREA BD ETF248,737$10.4M1.1%−3,311−1.3%Reduced–
Vanguard Malvern FDS922020805STRM INFPROIDX209,416$10.4M1.1%−4,283−2.0%Reduced–
IAGIamgold CorpCOM613,738$10.1M1.1%−208,877−25.4%ReducedHistory
DBDeutsche Bank AktiengesellschaftNAMEN AKT261,209$10.1M1.1%+876+0.3%AddedHistory
CCitigroup IncStock83,338$9.72M1.1%+342+0.4%AddedHistory
UNHUnitedHealth Group IncStock28,134$9.29M1.0%+28,134NewHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF167,820$9.19M1.0%−5,391−3.1%Reduced–
TELTE Connectivity plcStock40,355$9.18M1.0%+181+0.5%AddedHistory
iShares Core S&P 500 ETF464287200ETF13,073$8.95M1.0%−1,225−8.6%Reduced–
BACBank of America CorpStock162,286$8.93M1.0%+535+0.3%AddedHistory
MAMastercard IncStock15,619$8.92M1.0%−11−0.1%ReducedHistory
HCAHCA Healthcare, Inc.COM17,927$8.37M0.9%+1,772+11.0%AddedHistory
BCSBarclays PLCADR328,653$8.36M0.9%+1,129+0.3%AddedHistory
SPDR Series Trust78464A151SST SPDR BLOOMBE255,293$8.20M0.9%−1,575−0.6%Reduced–
iShares Tr464288638ISHS 5-10YR INVT148,747$8.01M0.9%−4,055−2.7%Reduced–
ELVElevance Health, Inc.Stock22,531$7.90M0.9%+22,531NewHistory
MGAMagna International IncCOM147,172$7.84M0.8%+30,893+26.6%AddedHistory
CMCanadian Imperial Bank of CommerceCOM86,430$7.83M0.8%+288+0.3%AddedHistory
iShares Tr464288588MBS ETF81,963$7.80M0.8%−2,533−3.0%Reduced–
Vanguard Mortgage-Backed Securities ETF92206C771ETF165,106$7.77M0.8%−2,491−1.5%Reduced–
ERICEricsson LM Telephone CoADR B SEK 10794,958$7.67M0.8%+152,401+23.7%AddedHistory
VRTXVertex Pharmaceuticals IncStock16,407$7.44M0.8%+3,564+27.8%AddedHistory
iShares Tr4642874407-10 YR TRSY BD77,137$7.42M0.8%−542−0.7%Reduced–
VVisa Inc.Stock20,867$7.32M0.8%+99+0.5%AddedHistory
REGNRegeneron Pharmaceuticals, Inc.COM9,439$7.29M0.8%+3,395+56.2%AddedHistory
AMGNAmgen IncStock21,402$7.01M0.8%+4,396+25.8%AddedHistory
LAURLaureate Education, Inc.COMMON STOCK204,037$6.87M0.7%−15,446−7.0%ReducedHistory
GILDGilead Sciences, Inc.Stock55,058$6.76M0.7%+12,422+29.1%AddedHistory
JNJJohnson & JohnsonStock31,963$6.61M0.7%+31,963NewHistory
THCTenet Healthcare CorpCOM NEW32,784$6.51M0.7%+2,912+9.7%AddedHistory
ALVAutoliv IncCOM54,579$6.48M0.7%+12,340+29.2%AddedHistory
EGOEldorado Gold CorpCOM174,541$6.27M0.7%+171+0.1%AddedHistory
APTVAptiv PLCStock81,014$6.16M0.7%+19,301+31.3%AddedHistory
PRIMPrimoris Services CorpStock49,487$6.14M0.7%+540+1.1%AddedHistory
iShares Core MSCI Eafe ETF46432F842ETF66,890$5.98M0.6%−7,980−10.7%Reduced–
GTXGarrett Motion Inc.Stock333,232$5.81M0.6%+88,667+36.3%AddedHistory
BIIBBiogen Inc.COM32,589$5.74M0.6%+9,072+38.6%AddedHistory
SANMSanmina CorpCOM37,660$5.65M0.6%+168+0.4%AddedHistory
DYDycom Industries IncCOM16,139$5.45M0.6%+69+0.4%AddedHistory
CRHCRH Public Ltd CoORD43,668$5.45M0.6%+43,668NewHistory
BMYBristol Myers Squibb CoStock101,025$5.45M0.6%+101,025NewHistory
LEALear CorpCOM NEW47,513$5.44M0.6%+13,937+41.5%AddedHistory
EMEEMCOR Group, Inc.Stock8,869$5.43M0.6%+8,869NewHistory
FXYInvesco CurrencyShares Japanese Yen TrustJAPANESE YEN92,126$5.41M0.6%−1,355−1.4%ReducedHistory
FFIVF5, Inc.Stock20,711$5.29M0.6%+177+0.9%AddedHistory
GVAGranite Construction IncCOM45,223$5.22M0.6%+42,550+1,591.8%AddedHistory
UBERUber Technologies, IncStock63,823$5.21M0.6%+315+0.5%AddedHistory
UTHRUnited Therapeutics CorpCOM10,672$5.20M0.6%+3,126+41.4%AddedHistory
MRKMerck & Co., Inc.Stock49,296$5.19M0.6%+49,296NewHistory
AEMAgnico Eagle Mines LtdStock30,075$5.10M0.6%−16,762−35.8%ReducedHistory
USBUS Bancorp DECOM NEW95,305$5.09M0.5%+626+0.7%AddedHistory
SLBSLB LimitedStock131,906$5.06M0.5%+131,906NewHistory
PNCPNC Financial Services Group, Inc.Stock24,169$5.04M0.5%+190+0.8%AddedHistory
HIGHartford Insurance Group, Inc.Stock36,303$5.00M0.5%+158+0.4%AddedHistory
CARGCarGurus, Inc.COM CL A129,570$4.97M0.5%−1,789−1.4%ReducedHistory
CHRWC. H. Robinson Worldwide, Inc.COM NEW30,656$4.93M0.5%+30,656NewHistory
GSKGSK plcADR100,358$4.92M0.5%+100,358NewHistory
GTGoodyear Tire & Rubber CoCOM560,093$4.91M0.5%+182,974+48.5%AddedHistory
NTCTNetscout Systems IncCOM179,984$4.87M0.5%+56,144+45.3%AddedHistory
EXPDExpeditors International of Washington IncCOM32,545$4.85M0.5%+32,545NewHistory
CVSACovista Inc.COM46,811$4.84M0.5%−3,261−6.5%ReducedHistory
TRVTravelers Companies, Inc.Stock16,592$4.81M0.5%+126+0.8%AddedHistory
HUMHumana IncStock18,186$4.66M0.5%+18,186NewHistory
VMIValmont Industries IncCOM11,498$4.63M0.5%+10,437+983.7%AddedHistory
UHSUniversal Health Services IncCL B21,072$4.59M0.5%+2,374+12.7%AddedHistory
SNYSanofiSPONSORED ADR93,850$4.55M0.5%+93,850NewHistory
FXEInvesco CurrencyShares Euro TrustEURO SHS41,165$4.46M0.5%−541−1.3%ReducedHistory
SSNCSS&C Technologies Holdings IncCOM50,865$4.45M0.5%+478+0.9%AddedHistory
RJFRaymond James Financial IncCOM27,534$4.42M0.5%+79+0.3%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF42,755$4.27M0.5%−5,015−10.5%Reduced–
AIZAssurant, Inc.Stock17,403$4.19M0.5%+32+0.2%AddedHistory
Vanguard Scottsdale FDS92206C714VNG RUS1000VAL45,234$4.18M0.5%−5,585−11.0%Reduced–
ALLAllstate CorpStock19,838$4.13M0.4%+82+0.4%AddedHistory
State Street Communication Services Select Sector SPDR ETF81369Y852ETF35,077$4.13M0.4%−37,170−51.4%Reduced–
RIORio Tinto PLCADR50,899$4.07M0.4%+50,899NewHistory
MKLMarkel Group Inc.COM1,890$4.06M0.4%+23+1.2%AddedHistory
NTGRNetgear, Inc.COM159,432$3.91M0.4%+57,266+56.1%AddedHistory
EQXEquinox Gold Corp.COM275,129$3.86M0.4%−227,741−45.3%ReducedHistory
VCVisteon CorpCOM NEW40,502$3.85M0.4%+14,319+54.7%AddedHistory

Sold out since Q3 2025 (41)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Leuthold Group, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
ORCLOracle CorpStock67,756$19.1M2.1%History
NFLXNetflix IncStock14,948$17.9M2.0%History
URIUnited Rentals, Inc.COM12,865$12.3M1.3%History
PHMPultegroup IncCOM89,134$11.8M1.3%History
DHIHorton D R IncCOM58,848$9.97M1.1%History
TOLToll Brothers, Inc.COM54,057$7.47M0.8%History
TAT&T Inc.Stock243,714$6.88M0.8%History
CHKPCheck Point Software Technologies LtdORD30,725$6.36M0.7%History
DISWalt Disney CoStock53,754$6.15M0.7%History
VRSNVerisign IncCOM20,427$5.71M0.6%History
LRNStride, Inc.COM38,293$5.70M0.6%History
FTNTFortinet, Inc.Stock63,901$5.37M0.6%History
FTDRFrontdoor, Inc.COM61,594$4.14M0.5%History
RCLRoyal Caribbean Cruises LtdCOM11,149$3.61M0.4%History
EXPEExpedia Group, Inc.Stock16,800$3.59M0.4%History
WNSWNS (Holdings) LtdCOM SHS43,904$3.35M0.4%History
CCLCarnival Corp Ltd.UNIT 99/99/9999115,230$3.33M0.4%History
TNLTravel & Leisure Co.COM54,772$3.26M0.4%History
QLYSQualys, Inc.COM24,234$3.21M0.4%History
VZVerizon Communications IncStock67,821$2.98M0.3%History
ADTADT Inc.COM335,077$2.92M0.3%History
PRKSUnited Parks & Resorts Inc.COM55,977$2.89M0.3%History
ABGAsbury Automotive Group IncCOM11,800$2.88M0.3%History
LTHLife Time Group Holdings, Inc.COMMON STOCK102,322$2.82M0.3%History
NCLHNorwegian Cruise Line Holdings Ltd.SHS110,778$2.73M0.3%History
iShares Tr464287515EXPANDED TECH20,069$2.31M0.3%–
iShares Tr464287713US TELECOM ETF40,487$1.31M0.1%–
U.S. Global Jets ETF26922A842ETF51,516$1.27M0.1%–
IDCCInterDigital, Inc.COM2,071$715.0K0.1%History
EBAYeBay IncCOM7,371$670.4K0.1%History
EGEverest Group, Ltd.COM1,883$659.5K0.1%History
MRPMillrose Properties, Inc.COM CL A17,555$590.0K0.1%History
YOUClear Secure, Inc.COM CL A14,703$490.8K0.1%History
Invesco Exchange Traded FD T46137V720LEISU ENTMT ETF7,562$458.1K0.1%–
SNPSSynopsys IncCOM880$434.2K<0.1%History
DDSDillard's, Inc.CL A679$417.2K<0.1%History
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF1,564$374.8K<0.1%–
SKMSK Telecom Co LtdSPONSORED ADR15,827$341.9K<0.1%History
HRBH&R Block IncCOM6,718$339.7K<0.1%History
Janus Detroit STR Tr47103U845HENDRSON AAA CL4,057$206.0K<0.1%–
MTCHMatch Group, Inc.COM5,770$203.8K<0.1%History