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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
OIIOceaneering International IncStock147,639$3.55M0.4%+147,639NewHistory
MMSMaximus, Inc.COM41,228$3.56M0.4%+521+1.3%AddedHistory
CSGSCSG Systems International IncCOM46,602$3.57M0.4%+590+1.3%AddedHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF23,503$3.64M0.4%+3,203+15.8%Added–
UTIUniversal Technical Institute IncCOM141,748$3.70M0.4%+439+0.3%AddedHistory
Invesco Exchange Traded FD T46137V381S&P500 EQL DIS65,981$3.76M0.4%−2,428−3.5%Reduced–
PLXSPlexus CorpCOM26,004$3.82M0.4%+30+0.1%AddedHistory
VCVisteon CorpCOM NEW40,502$3.85M0.4%+14,319+54.7%AddedHistory
EQXEquinox Gold Corp.COM275,129$3.86M0.4%−227,741−45.3%ReducedHistory
NTGRNetgear, Inc.COM159,432$3.91M0.4%+57,266+56.1%AddedHistory
MKLMarkel Group Inc.COM1,890$4.06M0.4%+23+1.2%AddedHistory
RIORio Tinto PLCADR50,899$4.07M0.4%+50,899NewHistory
State Street Communication Services Select Sector SPDR ETF81369Y852ETF35,077$4.13M0.4%−37,170−51.4%Reduced–
ALLAllstate CorpStock19,838$4.13M0.4%+82+0.4%AddedHistory
Vanguard Scottsdale FDS92206C714VNG RUS1000VAL45,234$4.18M0.5%−5,585−11.0%Reduced–
AIZAssurant, Inc.Stock17,403$4.19M0.5%+32+0.2%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF42,755$4.27M0.5%−5,015−10.5%Reduced–
RJFRaymond James Financial IncCOM27,534$4.42M0.5%+79+0.3%AddedHistory
SSNCSS&C Technologies Holdings IncCOM50,865$4.45M0.5%+478+0.9%AddedHistory
FXEInvesco CurrencyShares Euro TrustEURO SHS41,165$4.46M0.5%−541−1.3%ReducedHistory
SNYSanofiSPONSORED ADR93,850$4.55M0.5%+93,850NewHistory
UHSUniversal Health Services IncCL B21,072$4.59M0.5%+2,374+12.7%AddedHistory
VMIValmont Industries IncCOM11,498$4.63M0.5%+10,437+983.7%AddedHistory
HUMHumana IncStock18,186$4.66M0.5%+18,186NewHistory
TRVTravelers Companies, Inc.Stock16,592$4.81M0.5%+126+0.8%AddedHistory
CVSACovista Inc.COM46,811$4.84M0.5%−3,261−6.5%ReducedHistory
EXPDExpeditors International of Washington IncCOM32,545$4.85M0.5%+32,545NewHistory
NTCTNetscout Systems IncCOM179,984$4.87M0.5%+56,144+45.3%AddedHistory
GTGoodyear Tire & Rubber CoCOM560,093$4.91M0.5%+182,974+48.5%AddedHistory
GSKGSK plcADR100,358$4.92M0.5%+100,358NewHistory
CHRWC. H. Robinson Worldwide, Inc.COM NEW30,656$4.93M0.5%+30,656NewHistory
CARGCarGurus, Inc.COM CL A129,570$4.97M0.5%−1,789−1.4%ReducedHistory
HIGHartford Insurance Group, Inc.Stock36,303$5.00M0.5%+158+0.4%AddedHistory
PNCPNC Financial Services Group, Inc.Stock24,169$5.04M0.5%+190+0.8%AddedHistory
SLBSLB LimitedStock131,906$5.06M0.5%+131,906NewHistory
USBUS Bancorp DECOM NEW95,305$5.09M0.5%+626+0.7%AddedHistory
AEMAgnico Eagle Mines LtdStock30,075$5.10M0.6%−16,762−35.8%ReducedHistory
MRKMerck & Co., Inc.Stock49,296$5.19M0.6%+49,296NewHistory
UTHRUnited Therapeutics CorpCOM10,672$5.20M0.6%+3,126+41.4%AddedHistory
UBERUber Technologies, IncStock63,823$5.21M0.6%+315+0.5%AddedHistory
GVAGranite Construction IncCOM45,223$5.22M0.6%+42,550+1,591.8%AddedHistory
FFIVF5, Inc.Stock20,711$5.29M0.6%+177+0.9%AddedHistory
FXYInvesco CurrencyShares Japanese Yen TrustJAPANESE YEN92,126$5.41M0.6%−1,355−1.4%ReducedHistory
EMEEMCOR Group, Inc.Stock8,869$5.43M0.6%+8,869NewHistory
LEALear CorpCOM NEW47,513$5.44M0.6%+13,937+41.5%AddedHistory
BMYBristol Myers Squibb CoStock101,025$5.45M0.6%+101,025NewHistory
CRHCRH Public Ltd CoORD43,668$5.45M0.6%+43,668NewHistory
DYDycom Industries IncCOM16,139$5.45M0.6%+69+0.4%AddedHistory
SANMSanmina CorpCOM37,660$5.65M0.6%+168+0.4%AddedHistory
BIIBBiogen Inc.COM32,589$5.74M0.6%+9,072+38.6%AddedHistory
GTXGarrett Motion Inc.Stock333,232$5.81M0.6%+88,667+36.3%AddedHistory
iShares Core MSCI Eafe ETF46432F842ETF66,890$5.98M0.6%−7,980−10.7%Reduced–
PRIMPrimoris Services CorpStock49,487$6.14M0.7%+540+1.1%AddedHistory
APTVAptiv PLCStock81,014$6.16M0.7%+19,301+31.3%AddedHistory
EGOEldorado Gold CorpCOM174,541$6.27M0.7%+171+0.1%AddedHistory
ALVAutoliv IncCOM54,579$6.48M0.7%+12,340+29.2%AddedHistory
THCTenet Healthcare CorpCOM NEW32,784$6.51M0.7%+2,912+9.7%AddedHistory
JNJJohnson & JohnsonStock31,963$6.61M0.7%+31,963NewHistory
GILDGilead Sciences, Inc.Stock55,058$6.76M0.7%+12,422+29.1%AddedHistory
LAURLaureate Education, Inc.COMMON STOCK204,037$6.87M0.7%−15,446−7.0%ReducedHistory
AMGNAmgen IncStock21,402$7.01M0.8%+4,396+25.8%AddedHistory
REGNRegeneron Pharmaceuticals, Inc.COM9,439$7.29M0.8%+3,395+56.2%AddedHistory
VVisa Inc.Stock20,867$7.32M0.8%+99+0.5%AddedHistory
iShares Tr4642874407-10 YR TRSY BD77,137$7.42M0.8%−542−0.7%Reduced–
VRTXVertex Pharmaceuticals IncStock16,407$7.44M0.8%+3,564+27.8%AddedHistory
ERICEricsson LM Telephone CoADR B SEK 10794,958$7.67M0.8%+152,401+23.7%AddedHistory
Vanguard Mortgage-Backed Securities ETF92206C771ETF165,106$7.77M0.8%−2,491−1.5%Reduced–
iShares Tr464288588MBS ETF81,963$7.80M0.8%−2,533−3.0%Reduced–
CMCanadian Imperial Bank of CommerceCOM86,430$7.83M0.8%+288+0.3%AddedHistory
MGAMagna International IncCOM147,172$7.84M0.8%+30,893+26.6%AddedHistory
ELVElevance Health, Inc.Stock22,531$7.90M0.9%+22,531NewHistory
iShares Tr464288638ISHS 5-10YR INVT148,747$8.01M0.9%−4,055−2.7%Reduced–
SPDR Series Trust78464A151SST SPDR BLOOMBE255,293$8.20M0.9%−1,575−0.6%Reduced–
BCSBarclays PLCADR328,653$8.36M0.9%+1,129+0.3%AddedHistory
HCAHCA Healthcare, Inc.COM17,927$8.37M0.9%+1,772+11.0%AddedHistory
MAMastercard IncStock15,619$8.92M1.0%−11−0.1%ReducedHistory
BACBank of America CorpStock162,286$8.93M1.0%+535+0.3%AddedHistory
iShares Core S&P 500 ETF464287200ETF13,073$8.95M1.0%−1,225−8.6%Reduced–
TELTE Connectivity plcStock40,355$9.18M1.0%+181+0.5%AddedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF167,820$9.19M1.0%−5,391−3.1%Reduced–
UNHUnitedHealth Group IncStock28,134$9.29M1.0%+28,134NewHistory
CCitigroup IncStock83,338$9.72M1.1%+342+0.4%AddedHistory
DBDeutsche Bank AktiengesellschaftNAMEN AKT261,209$10.1M1.1%+876+0.3%AddedHistory
IAGIamgold CorpCOM613,738$10.1M1.1%−208,877−25.4%ReducedHistory
Vanguard Malvern FDS922020805STRM INFPROIDX209,416$10.4M1.1%−4,283−2.0%Reduced–
iShares Tr464288117INTL TREA BD ETF248,737$10.4M1.1%−3,311−1.3%Reduced–
JPMJPMorgan Chase & CoStock32,188$10.4M1.1%+225+0.7%AddedHistory
CORCencora, Inc.Stock30,893$10.4M1.1%−100.0%ReducedHistory
UPSUnited Parcel Service IncStock106,348$10.5M1.1%+106,348NewHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF74,835$10.8M1.2%+739+1.0%AddedConverted for a 2-for-1 split–
FDXFedEx CorpStock37,713$10.9M1.2%+37,713NewHistory
CSCOCisco Systems, Inc.Stock154,877$11.9M1.3%+18,776+13.8%AddedHistory
FLEXFlex Ltd.Stock205,534$12.4M1.3%+674+0.3%AddedHistory
MSMorgan StanleyStock70,029$12.4M1.3%+165+0.2%AddedHistory
iShares Tr4642874571 3 YR TREAS BD154,959$12.8M1.4%−5,440−3.4%Reduced–
CAHCardinal Health IncStock63,407$13.0M1.4%+225+0.4%AddedHistory
MCKMcKesson CorpStock16,008$13.1M1.4%+10+0.1%AddedHistory
METAMeta Platforms, Inc.Stock19,970$13.2M1.4%−10,622−34.7%ReducedHistory
ProShares Tr74348A210SHRT RUSSELL2000817,685$13.4M1.4%+215,580+35.8%Added–
KGCKinross Gold CorpCOM476,291$13.4M1.4%−133,640−21.9%ReducedHistory

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