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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
iShares Tr46428865310-20 YR TRS ETF2,048$208.2K<0.1%00.0%Unchanged–
iShares Core S&P Small Cap ETF464287804ETF1,754$210.8K<0.1%−30−1.7%Reduced–
iShares MSCI USA Min Vol Factor ETF46429B697ETF2,338$220.1K<0.1%−45−1.9%Reduced–
MATXMatson, Inc.COM1,799$222.3K<0.1%+1,799NewHistory
State Street Materials Select Sector SPDR ETF81369Y100ETF5,018$227.6K<0.1%+5,018New–
iShares Core Dividend Growth ETF46434V621ETF3,295$228.7K<0.1%00.0%Unchanged–
EQNREquinor ASASPONSORED ADR9,788$231.3K<0.1%+64+0.7%AddedHistory
NJRNew Jersey Resources CorpStock5,333$246.0K<0.1%+19+0.4%AddedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF1,239$246.1K<0.1%00.0%Unchanged–
BNSBank of Nova ScotiaCOM3,399$250.5K<0.1%+5+0.1%AddedHistory
CBChubb LtdStock820$255.9K<0.1%+1+0.1%AddedHistory
Schwab Fundamental International Equity ETF808524755ETF5,781$261.4K<0.1%00.0%Unchanged–
GSLGlobal Ship Lease, Inc.COM CL A7,473$261.9K<0.1%+6+0.1%AddedHistory
ECEcopetrol S.A.SPONSORED ADS26,244$263.0K<0.1%+173+0.7%AddedHistory
ZIMZIM Integrated Shipping Services Ltd.SHS12,777$271.3K<0.1%+10+0.1%AddedHistory
Flexshares Tr33939L779DISCP DUR MBS13,302$276.3K<0.1%+13,302New–
ONBOld National BancorpStock12,434$277.4K<0.1%+18+0.1%AddedHistory
INVXInnovex International, Inc.COM12,902$282.2K<0.1%+12,902NewHistory
iShares Tr46429B291A RATE CP BD ETF6,087$292.7K<0.1%+82+1.4%Added–
MTBM&T Bank CorpCOM1,480$298.2K<0.1%+2+0.1%AddedHistory
CVECenovus Energy Inc.COM18,060$305.6K<0.1%+120+0.7%AddedHistory
MDUMdu Resources Group IncStock15,966$311.7K<0.1%+150+0.9%AddedHistory
ACMRACM Research, Inc.Stock8,362$329.9K<0.1%+8,362NewHistory
iShares Tr464288257MSCI ACWI ETF2,388$337.9K<0.1%+483+25.4%Added–
GHCGraham Holdings CoCOM CL B313$343.9K<0.1%−325−50.9%ReducedHistory
PLABPhotronics IncCOM10,985$351.5K<0.1%+115+1.1%AddedHistory
UGIUgi CorpStock9,553$357.6K<0.1%+99+1.0%AddedHistory
ASRSoutheast Airport GroupSPON ADR SER B1,119$361.9K<0.1%+2+0.2%AddedHistory
CPACopa Holdings, S.A.CL A3,027$365.1K<0.1%+4+0.1%AddedHistory
CMAComerica IncCOM4,392$381.8K<0.1%+7+0.2%AddedHistory
TTETotalEnergies SESPONSORED ADS5,908$386.5K<0.1%−74−1.2%ReducedHistory
CVXChevron CorpStock2,569$391.5K<0.1%+10+0.4%AddedHistory
VIAVViavi Solutions Inc.COM22,009$392.2K<0.1%+229+1.1%AddedHistory
WFCWells Fargo & CompanyStock4,334$403.9K<0.1%00.0%UnchangedHistory
TIMBTim S.A.SPONSORED ADR20,924$407.0K<0.1%+21+0.1%AddedHistory
MKSIMKS IncCOM2,618$418.4K<0.1%+29+1.1%AddedHistory
NOVNOV Inc.COM26,851$419.7K<0.1%+26,851NewHistory
LLoews CorpCOM4,003$421.6K<0.1%+5+0.1%AddedHistory
PSOPearson PLCSPONSORED ADR30,229$424.4K<0.1%+4,450+17.3%AddedHistory
WFRDWeatherford International plcORD SHS5,446$426.2K<0.1%+5,446NewHistory
SUSuncor Energy IncStock9,692$429.9K<0.1%+39+0.4%AddedHistory
NHCNational Healthcare CorpCOM3,155$432.5K<0.1%+3,155NewHistory
AMKRAmkor Technology, Inc.COM11,104$438.4K<0.1%+123+1.1%AddedHistory
BFHBread Financial Holdings, Inc.COM6,020$445.7K<0.1%+876+17.0%AddedHistory
IBKRInteractive Brokers Group, Inc.Stock7,110$457.2K<0.1%+10+0.1%AddedHistory
SEMSelect Medical Holdings CorpCOM31,264$464.3K0.1%+31,264NewHistory
AMXAmerica Movil SAB de CVSPON ADS RP CL B22,545$466.0K0.1%+22,545NewHistory
AXSAxis Capital Holdings LtdSHS4,616$494.3K0.1%+7+0.2%AddedHistory
ORIOld Republic International CorpCOM11,819$539.4K0.1%+18+0.2%AddedHistory
BKRBaker Hughes CoCL A12,366$563.1K0.1%+12,366NewHistory
ASMLASML Holding NVADR532$569.2K0.1%+6+1.1%AddedHistory
UBSUBS Group AGStock12,341$571.5K0.1%+18+0.1%AddedHistory
MFGMizuho Financial Group IncSPONSORED ADR82,158$601.4K0.1%+120+0.1%AddedHistory
SPDR Series Trust78464A771ST STR SP CAPMKT4,080$611.7K0.1%−163−3.8%Reduced–
VODVodafone Group Public Ltd CoADR46,837$618.7K0.1%+68+0.1%AddedHistory
TMUST-Mobile US, Inc.Stock3,065$622.3K0.1%−37,707−92.5%ReducedHistory
DALDelta Air Lines, Inc.COM NEW8,982$623.4K0.1%+13+0.1%AddedHistory
AMATApplied Materials IncStock2,438$626.5K0.1%+27+1.1%AddedHistory
Abrdn ETFs003261104BBRG ALL COMD K132,841$641.4K0.1%−3,749−10.2%Reduced–
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS11,151$654.9K0.1%−1,260−10.2%Reduced–
VanEck ETF Trust92189H607OIL SERVICES ETF2,310$657.8K0.1%+2,310New–
GMGeneral Motors CoCOM8,448$687.0K0.1%+12+0.1%AddedHistory
Invesco Exch Traded FD Tr II46138E628KBW BK ETF8,554$721.0K0.1%−323−3.6%Reduced–
SANBanco Santander, S.A.ADR67,873$796.1K0.1%−1,027−1.5%ReducedHistory
XOMExxonMobil Holdings CorpCOM6,774$815.2K0.1%+6,774NewHistory
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD10,259$818.0K0.1%−896−8.0%Reduced–
SPDR Series Trust78464A714ST STR SP RETAIL10,286$877.3K0.1%+10,286New–
Invesco Exchange Traded FD T46137V779BLDG CONSTR ETF9,580$887.0K0.1%+9,580New–
VanEck ETF Trust92189F692PHARMACEUTCL ETF8,779$905.7K0.1%+8,779New–
iShares Tr464288786U.S. INSRNCE ETF6,796$925.3K0.1%−247−3.5%Reduced–
Managed Portfolio Series56167R705LEUTHOLD SELECT23,222$932.4K0.1%+318+1.4%Added–
iShares Inc46434G848MSCI GBL ETF NEW18,241$936.5K0.1%+18,241New–
State Street Industrial Select Sector SPDR ETF81369Y704ETF6,286$975.1K0.1%−230−3.5%Reduced–
iShares Tr464287192US TRSPRTION18,029$1.34M0.1%+18,029New–
CTSCTS CorpCOM42,763$1.83M0.2%+463+1.1%AddedHistory
BHEBenchmark Electronics IncCOM47,626$2.04M0.2%+417+0.9%AddedHistory
iShares Inc46434G764MSCI EMRG CHN29,743$2.16M0.2%−3,290−10.0%Reduced–
WTMWhite Mountains Insurance Group LtdCOM1,117$2.32M0.3%−89−7.4%ReducedHistory
DGIIDigi International IncCOM56,738$2.46M0.3%+264+0.5%AddedHistory
ACMAecomCOM26,652$2.54M0.3%+387+1.5%AddedHistory
CNXCConcentrix CorpStock61,463$2.56M0.3%+755+1.2%AddedHistory
THGHanover Insurance Group, Inc.COM14,193$2.59M0.3%−36−0.3%ReducedHistory
AAAlcoa CorpStock49,245$2.62M0.3%+49,245NewHistory
LAZLazard, Inc.COM55,271$2.68M0.3%+49,677+888.0%AddedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF31,317$2.69M0.3%−1,168−3.6%Reduced–
HBMHudbay Minerals Inc.COM138,738$2.75M0.3%+138,738NewHistory
iShares U.S. Healthcare Providers ETF464288828ETF57,746$2.77M0.3%+29,936+107.6%Added–
ProShares Tr74349Y753SHOR S&P 500 NEW77,821$2.80M0.3%+77,821New–
SNEXStoneX Group Inc.COM30,487$2.90M0.3%+27,223+834.0%AddedHistory
URBNUrban Outfitters IncCOM39,422$2.97M0.3%+39,422NewHistory
GAPGap IncCOM119,070$3.05M0.3%+119,070NewHistory
iShares Tr464287556ISHARES BIOTECH18,188$3.07M0.3%+5,285+41.0%Added–
HUBGHub Group, Inc.CL A74,238$3.16M0.3%+74,238NewHistory
PAASPan American Silver CorpStock62,115$3.22M0.3%−60,224−49.2%ReducedHistory
GXOGXO Logistics, Inc.Stock61,244$3.22M0.3%+61,244NewHistory
PRDOPerdoceo Education CorpCOM110,773$3.25M0.4%−8,557−7.2%ReducedHistory
EHCEncompass Health CorpCOM31,168$3.31M0.4%+104+0.3%AddedHistory
CVSCVS Health CorpStock42,758$3.39M0.4%+141+0.3%AddedHistory
ProShares Tr74349Y837SHORT QQQ112,873$3.41M0.4%−11,242−9.1%Reduced–
MOHMolina Healthcare, Inc.COM20,027$3.48M0.4%+20,027NewHistory

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