Leuthold Group, LLC
- SEC CIK
- 0001170152
- Latest filing
- Aug 4, 2026
Holdings changes from Q3 2025 to Q4 2025
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 43
- Est. +$137.9M
- Added
- 108
- Est. +$56.6M
- Reduced
- 50
- Est. −$44.3M
- Sold out
- 41
- Est. −$167.2M
Portfolio value went from $914.0M to $926.0M (+$12.0M (+1.3%)); positions from 205 to 207 (+2).
All Q4 2025 holdingsAll Q3 2025 holdings
In the shares, value and % of portfolio columns, the top figure is Q4 2025 and the gray one below is Q3 2025. For stocks that split between the two quarters, Q3 2025 shares are converted at the split ratio before comparing.
| Security | Action | Shares | Share change | Value | Est. bought or sold | % of portfolio | Weight change (pp) |
|---|---|---|---|---|---|---|---|
| MSFTMicrosoft Corp | ReducedHistory | 50,68652,037 | −1,351−2.6% | $24.5M$27.0M | −$653.4K | 2.6%2.9% | −0.30 |
| Direxion Shares ETF Trust25460E869 | Added– | 2,340,5341,738,823 | +601,711+34.6% | $22.1M$16.7M | +$5.67M | 2.4%1.8% | +0.56 |
| GOOGLAlphabet Inc. | ReducedHistory | 67,59469,857 | −2,263−3.2% | $21.2M$17.0M | −$708.3K | 2.3%1.9% | +0.43 |
| SPDR Series Trust78464A516 | Reduced– | 832,892838,032 | −5,140−0.6% | $18.8M$19.3M | −$115.8K | 2.0%2.1% | −0.08 |
| GSGoldman Sachs Group Inc | AddedHistory | 18,08317,953 | +130+0.7% | $15.9M$14.3M | +$114.3K | 1.7%1.6% | +0.15 |
| JBLJabil Inc | AddedHistory | 62,31562,003 | +312+0.5% | $14.2M$13.5M | +$71.1K | 1.5%1.5% | +0.06 |
| State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375 | Unchanged– | 420,225420,225 | 00.0% | $14.2M$14.2M | $0 | 1.5%1.6% | −0.02 |
| KGCKinross Gold Corp | ReducedHistory | 476,291609,931 | −133,640−21.9% | $13.4M$15.2M | −$3.76M | 1.4%1.7% | −0.21 |
| ProShares Tr74348A210 | Added– | 817,685602,105 | +215,580+35.8% | $13.4M$10.1M | +$3.53M | 1.4%1.1% | +0.34 |
| METAMeta Platforms, Inc. | ReducedHistory | 19,97030,592 | −10,622−34.7% | $13.2M$22.5M | −$7.01M | 1.4%2.5% | −1.03 |
| MCKMcKesson Corp | AddedHistory | 16,00815,998 | +10+0.1% | $13.1M$12.4M | +$8.20K | 1.4%1.4% | +0.07 |
| CAHCardinal Health Inc | AddedHistory | 63,40763,182 | +225+0.4% | $13.0M$9.92M | +$46.2K | 1.4%1.1% | +0.32 |
| iShares Tr464287457 | Reduced– | 154,959160,399 | −5,440−3.4% | $12.8M$13.3M | −$450.5K | 1.4%1.5% | −0.07 |
| MSMorgan Stanley | AddedHistory | 70,02969,864 | +165+0.2% | $12.4M$11.1M | +$29.3K | 1.3%1.2% | +0.13 |
| FLEXFlex Ltd. | AddedHistory | 205,534204,860 | +674+0.3% | $12.4M$11.9M | +$40.7K | 1.3%1.3% | +0.04 |
| CSCOCisco Systems, Inc. | AddedHistory | 154,877136,101 | +18,776+13.8% | $11.9M$9.31M | +$1.45M | 1.3%1.0% | +0.27 |
| FDXFedEx Corp | NewHistory | 37,7130 | +37,713 | $10.9M$0 | +$10.9M | 1.2%0.0% | +1.18 |
| State Street Technology Select Sector SPDR ETF81369Y803 | AddedConverted for a 2-for-1 split– | 74,83574,096 | +739+1.0% | $10.8M$10.4M | +$106.4K | 1.2%1.1% | +0.02 |
| UPSUnited Parcel Service Inc | NewHistory | 106,3480 | +106,348 | $10.5M$0 | +$10.5M | 1.1%0.0% | +1.14 |
| CORCencora, Inc. | ReducedHistory | 30,89330,903 | −100.0% | $10.4M$9.66M | −$3.38K | 1.1%1.1% | +0.07 |
| JPMJPMorgan Chase & Co | AddedHistory | 32,18831,963 | +225+0.7% | $10.4M$10.1M | +$72.5K | 1.1%1.1% | +0.02 |
| iShares Tr464288117 | Reduced– | 248,737252,048 | −3,311−1.3% | $10.4M$10.7M | −$137.9K | 1.1%1.2% | −0.06 |
| Vanguard Malvern FDS922020805 | Reduced– | 209,416213,699 | −4,283−2.0% | $10.4M$10.8M | −$211.8K | 1.1%1.2% | −0.07 |
| IAGIamgold Corp | ReducedHistory | 613,738822,615 | −208,877−25.4% | $10.1M$10.6M | −$3.44M | 1.1%1.2% | −0.07 |
| DBDeutsche Bank Aktiengesellschaft | AddedHistory | 261,209260,333 | +876+0.3% | $10.1M$9.22M | +$33.8K | 1.1%1.0% | +0.08 |
| CCitigroup Inc | AddedHistory | 83,33882,996 | +342+0.4% | $9.72M$8.42M | +$39.9K | 1.1%0.9% | +0.13 |
| UNHUnitedHealth Group Inc | NewHistory | 28,1340 | +28,134 | $9.29M$0 | +$9.29M | 1.0%0.0% | +1.00 |
| State Street Financial Select Sector SPDR ETF81369Y605 | Reduced– | 167,820173,211 | −5,391−3.1% | $9.19M$9.33M | −$295.3K | 1.0%1.0% | −0.03 |
| TELTE Connectivity plc | AddedHistory | 40,35540,174 | +181+0.5% | $9.18M$8.82M | +$41.2K | 1.0%1.0% | +0.03 |
| iShares Core S&P 500 ETF464287200 | Reduced– | 13,07314,298 | −1,225−8.6% | $8.95M$9.57M | −$839.1K | 1.0%1.0% | −0.08 |
| BACBank of America Corp | AddedHistory | 162,286161,751 | +535+0.3% | $8.93M$8.34M | +$29.4K | 1.0%0.9% | +0.05 |
| MAMastercard Inc | ReducedHistory | 15,61915,630 | −11−0.1% | $8.92M$8.89M | −$6.28K | 1.0%1.0% | −0.01 |
| HCAHCA Healthcare, Inc. | AddedHistory | 17,92716,155 | +1,772+11.0% | $8.37M$6.89M | +$827.3K | 0.9%0.8% | +0.15 |
| BCSBarclays PLC | AddedHistory | 328,653327,524 | +1,129+0.3% | $8.36M$6.77M | +$28.7K | 0.9%0.7% | +0.16 |
| SPDR Series Trust78464A151 | Reduced– | 255,293256,868 | −1,575−0.6% | $8.20M$8.29M | −$50.6K | 0.9%0.9% | −0.02 |
| iShares Tr464288638 | Reduced– | 148,747152,802 | −4,055−2.7% | $8.01M$8.27M | −$218.5K | 0.9%0.9% | −0.04 |
| ELVElevance Health, Inc. | NewHistory | 22,5310 | +22,531 | $7.90M$0 | +$7.90M | 0.9%0.0% | +0.85 |
| MGAMagna International Inc | AddedHistory | 147,172116,279 | +30,893+26.6% | $7.84M$5.51M | +$1.65M | 0.8%0.6% | +0.24 |
| CMCanadian Imperial Bank of Commerce | AddedHistory | 86,43086,142 | +288+0.3% | $7.83M$6.88M | +$26.1K | 0.8%0.8% | +0.09 |
| iShares Tr464288588 | Reduced– | 81,96384,496 | −2,533−3.0% | $7.80M$8.04M | −$241.2K | 0.8%0.9% | −0.04 |
| Vanguard Mortgage-Backed Securities ETF92206C771 | Reduced– | 165,106167,597 | −2,491−1.5% | $7.77M$7.87M | −$117.3K | 0.8%0.9% | −0.02 |
| ERICEricsson LM Telephone Co | AddedHistory | 794,958642,557 | +152,401+23.7% | $7.67M$5.31M | +$1.47M | 0.8%0.6% | +0.25 |
| VRTXVertex Pharmaceuticals Inc | AddedHistory | 16,40712,843 | +3,564+27.8% | $7.44M$5.03M | +$1.62M | 0.8%0.6% | +0.25 |
| iShares Tr464287440 | Reduced– | 77,13777,679 | −542−0.7% | $7.42M$7.49M | −$52.1K | 0.8%0.8% | −0.02 |
| VVisa Inc. | AddedHistory | 20,86720,768 | +99+0.5% | $7.32M$7.09M | +$34.7K | 0.8%0.8% | +0.01 |
| REGNRegeneron Pharmaceuticals, Inc. | AddedHistory | 9,4396,044 | +3,395+56.2% | $7.29M$3.40M | +$2.62M | 0.8%0.4% | +0.41 |
| AMGNAmgen Inc | AddedHistory | 21,40217,006 | +4,396+25.8% | $7.01M$4.80M | +$1.44M | 0.8%0.5% | +0.23 |
| LAURLaureate Education, Inc. | ReducedHistory | 204,037219,483 | −15,446−7.0% | $6.87M$6.92M | −$520.1K | 0.7%0.8% | −0.02 |
| GILDGilead Sciences, Inc. | AddedHistory | 55,05842,636 | +12,422+29.1% | $6.76M$4.73M | +$1.52M | 0.7%0.5% | +0.21 |
| JNJJohnson & Johnson | NewHistory | 31,9630 | +31,963 | $6.61M$0 | +$6.61M | 0.7%0.0% | +0.71 |
| THCTenet Healthcare Corp | AddedHistory | 32,78429,872 | +2,912+9.7% | $6.51M$6.07M | +$578.7K | 0.7%0.7% | +0.04 |
| ALVAutoliv Inc | AddedHistory | 54,57942,239 | +12,340+29.2% | $6.48M$5.22M | +$1.46M | 0.7%0.6% | +0.13 |
| EGOEldorado Gold Corp | AddedHistory | 174,541174,370 | +171+0.1% | $6.27M$5.04M | +$6.14K | 0.7%0.6% | +0.13 |
| APTVAptiv PLC | AddedHistory | 81,01461,713 | +19,301+31.3% | $6.16M$5.32M | +$1.47M | 0.7%0.6% | +0.08 |
| PRIMPrimoris Services Corp | AddedHistory | 49,48748,947 | +540+1.1% | $6.14M$6.72M | +$67.0K | 0.7%0.7% | −0.07 |
| iShares Core MSCI Eafe ETF46432F842 | Reduced– | 66,89074,870 | −7,980−10.7% | $5.98M$6.54M | −$713.9K | 0.6%0.7% | −0.07 |
| GTXGarrett Motion Inc. | AddedHistory | 333,232244,565 | +88,667+36.3% | $5.81M$3.33M | +$1.55M | 0.6%0.4% | +0.26 |
| BIIBBiogen Inc. | AddedHistory | 32,58923,517 | +9,072+38.6% | $5.74M$3.29M | +$1.60M | 0.6%0.4% | +0.26 |
| SANMSanmina Corp | AddedHistory | 37,66037,492 | +168+0.4% | $5.65M$4.32M | +$25.2K | 0.6%0.5% | +0.14 |
| DYDycom Industries Inc | AddedHistory | 16,13916,070 | +69+0.4% | $5.45M$4.69M | +$23.3K | 0.6%0.5% | +0.08 |
| CRHCRH Public Ltd Co | NewHistory | 43,6680 | +43,668 | $5.45M$0 | +$5.45M | 0.6%0.0% | +0.59 |
| BMYBristol Myers Squibb Co | NewHistory | 101,0250 | +101,025 | $5.45M$0 | +$5.45M | 0.6%0.0% | +0.59 |
| LEALear Corp | AddedHistory | 47,51333,576 | +13,937+41.5% | $5.44M$3.38M | +$1.60M | 0.6%0.4% | +0.22 |
| EMEEMCOR Group, Inc. | NewHistory | 8,8690 | +8,869 | $5.43M$0 | +$5.43M | 0.6%0.0% | +0.59 |
| FXYInvesco CurrencyShares Japanese Yen Trust | ReducedHistory | 92,12693,481 | −1,355−1.4% | $5.41M$5.82M | −$79.5K | 0.6%0.6% | −0.05 |
| FFIVF5, Inc. | AddedHistory | 20,71120,534 | +177+0.9% | $5.29M$6.64M | +$45.2K | 0.6%0.7% | −0.16 |
| GVAGranite Construction Inc | AddedHistory | 45,2232,673 | +42,550+1,591.8% | $5.22M$293.1K | +$4.91M | 0.6%<0.1% | +0.53 |
| UBERUber Technologies, Inc | AddedHistory | 63,82363,508 | +315+0.5% | $5.21M$6.22M | +$25.7K | 0.6%0.7% | −0.12 |
| UTHRUnited Therapeutics Corp | AddedHistory | 10,6727,546 | +3,126+41.4% | $5.20M$3.16M | +$1.52M | 0.6%0.3% | +0.22 |
| MRKMerck & Co., Inc. | NewHistory | 49,2960 | +49,296 | $5.19M$0 | +$5.19M | 0.6%0.0% | +0.56 |
| AEMAgnico Eagle Mines Ltd | ReducedHistory | 30,07546,837 | −16,762−35.8% | $5.10M$7.89M | −$2.84M | 0.6%0.9% | −0.31 |
| USBUS Bancorp DE | AddedHistory | 95,30594,679 | +626+0.7% | $5.09M$4.58M | +$33.4K | 0.5%0.5% | +0.05 |
| SLBSLB Limited | NewHistory | 131,9060 | +131,906 | $5.06M$0 | +$5.06M | 0.5%0.0% | +0.55 |
| PNCPNC Financial Services Group, Inc. | AddedHistory | 24,16923,979 | +190+0.8% | $5.04M$4.82M | +$39.7K | 0.5%0.5% | +0.02 |
| HIGHartford Insurance Group, Inc. | AddedHistory | 36,30336,145 | +158+0.4% | $5.00M$4.82M | +$21.8K | 0.5%0.5% | +0.01 |
| CARGCarGurus, Inc. | ReducedHistory | 129,570131,359 | −1,789−1.4% | $4.97M$4.89M | −$68.6K | 0.5%0.5% | 0.00 |
| CHRWC. H. Robinson Worldwide, Inc. | NewHistory | 30,6560 | +30,656 | $4.93M$0 | +$4.93M | 0.5%0.0% | +0.53 |
| GSKGSK plc | NewHistory | 100,3580 | +100,358 | $4.92M$0 | +$4.92M | 0.5%0.0% | +0.53 |
| GTGoodyear Tire & Rubber Co | AddedHistory | 560,093377,119 | +182,974+48.5% | $4.91M$2.82M | +$1.60M | 0.5%0.3% | +0.22 |
| NTCTNetscout Systems Inc | AddedHistory | 179,984123,840 | +56,144+45.3% | $4.87M$3.20M | +$1.52M | 0.5%0.3% | +0.18 |
| EXPDExpeditors International of Washington Inc | NewHistory | 32,5450 | +32,545 | $4.85M$0 | +$4.85M | 0.5%0.0% | +0.52 |
| CVSACovista Inc. | ReducedHistory | 46,81150,072 | −3,261−6.5% | $4.84M$7.73M | −$337.4K | 0.5%0.8% | −0.32 |
| TRVTravelers Companies, Inc. | AddedHistory | 16,59216,466 | +126+0.8% | $4.81M$4.60M | +$36.5K | 0.5%0.5% | +0.02 |
| HUMHumana Inc | NewHistory | 18,1860 | +18,186 | $4.66M$0 | +$4.66M | 0.5%0.0% | +0.50 |
| VMIValmont Industries Inc | AddedHistory | 11,4981,061 | +10,437+983.7% | $4.63M$411.4K | +$4.20M | 0.5%<0.1% | +0.45 |
| UHSUniversal Health Services Inc | AddedHistory | 21,07218,698 | +2,374+12.7% | $4.59M$3.82M | +$517.6K | 0.5%0.4% | +0.08 |
| SNYSanofi | NewHistory | 93,8500 | +93,850 | $4.55M$0 | +$4.55M | 0.5%0.0% | +0.49 |
| FXEInvesco CurrencyShares Euro Trust | ReducedHistory | 41,16541,706 | −541−1.3% | $4.46M$4.52M | −$58.7K | 0.5%0.5% | −0.01 |
| SSNCSS&C Technologies Holdings Inc | AddedHistory | 50,86550,387 | +478+0.9% | $4.45M$4.47M | +$41.8K | 0.5%0.5% | −0.01 |
| RJFRaymond James Financial Inc | AddedHistory | 27,53427,455 | +79+0.3% | $4.42M$4.74M | +$12.7K | 0.5%0.5% | −0.04 |
| iShares Core U.S. Aggregate Bond ETF464287226 | Reduced– | 42,75547,770 | −5,015−10.5% | $4.27M$4.79M | −$500.9K | 0.5%0.5% | −0.06 |
| AIZAssurant, Inc. | AddedHistory | 17,40317,371 | +32+0.2% | $4.19M$3.76M | +$7.71K | 0.5%0.4% | +0.04 |
| Vanguard Scottsdale FDS92206C714 | Reduced– | 45,23450,819 | −5,585−11.0% | $4.18M$4.54M | −$515.5K | 0.5%0.5% | −0.05 |
| ALLAllstate Corp | AddedHistory | 19,83819,756 | +82+0.4% | $4.13M$4.24M | +$17.1K | 0.4%0.5% | −0.02 |
| State Street Communication Services Select Sector SPDR ETF81369Y852 | Reduced– | 35,07772,247 | −37,170−51.4% | $4.13M$8.55M | −$4.38M | 0.4%0.9% | −0.49 |
| RIORio Tinto PLC | NewHistory | 50,8990 | +50,899 | $4.07M$0 | +$4.07M | 0.4%0.0% | +0.44 |
| MKLMarkel Group Inc. | AddedHistory | 1,8901,867 | +23+1.2% | $4.06M$3.57M | +$49.4K | 0.4%0.4% | +0.05 |
| NTGRNetgear, Inc. | AddedHistory | 159,432102,166 | +57,266+56.1% | $3.91M$3.31M | +$1.40M | 0.4%0.4% | +0.06 |
| EQXEquinox Gold Corp. | ReducedHistory | 275,129502,870 | −227,741−45.3% | $3.86M$5.64M | −$3.20M | 0.4%0.6% | −0.20 |
| VCVisteon Corp | AddedHistory | 40,50226,183 | +14,319+54.7% | $3.85M$3.14M | +$1.36M | 0.4%0.3% | +0.07 |
Estimated amounts multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares): new positions use this quarter's value and sold-out positions last quarter's; positions reported only as principal (PRN) cannot be estimated. 13F shows only quarter-end holdings, not when trades happened or at what price.