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Livermore
Livermore
ZHEN

Mount Lucas Management LP

SEC CIK
0001185072
Latest filing
Aug 10, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 6, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
144
+9 vs. Q4 2024
Portfolio value
$212.6M
−$74.7M (−26.0%) vs. Q4 2024
Filed
May 6, 2025
SEC
Holdings of Mount Lucas Management LP in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Invesco QQQ Trust Series I46090E103ETF51,317$24.1M11.3%+51,317New–
iShares Tr4642886613 7 YR TREAS BD58,089$6.86M3.2%−21,135−26.7%Reduced–
iShares Tr4642874571 3 YR TREAS BD82,817$6.85M3.2%−115,794−58.3%Reduced–
iShares Tr4642874407-10 YR TRSY BD71,782$6.85M3.2%+48,571+209.3%Added–
NLYAnnaly Capital Management IncREIT281,100$5.71M2.7%+19,100+7.3%AddedHistory
AGNCAGNC Investment Corp.REIT548,600$5.26M2.5%+26,300+5.0%AddedHistory
HIGHartford Insurance Group, Inc.Stock34,128$4.22M2.0%−1,701−4.7%ReducedHistory
J P Morgan Exchange Traded F46641Q217BETABULDRS JAPAN62,898$3.53M1.7%+41,388+192.4%Added–
FOXAFox CorpCL A COM51,606$2.92M1.4%+51,606NewHistory
SPDR Index Shs FDS78463X772ST S&P INTL ETF70,922$2.72M1.3%+39,957+129.0%Added–
Invesco Exch Traded FD Tr II46138G508SR LN ETF130,703$2.71M1.3%−777−0.6%Reduced–
State Street SPDR Bloomberg Convertible Securities ETF78464A359ETF34,529$2.65M1.2%+627+1.8%Added–
iShares Tr46435G342MORTGE REL ETF115,606$2.59M1.2%+49,322+74.4%Added–
iShares Tr464288281JPMORGAN USD EMG28,364$2.57M1.2%−489−1.7%Reduced–
iShares Inc464286285JP MRGN EM HI BD67,142$2.57M1.2%−1,186−1.7%Reduced–
Vanguard High Dividend Yield Index ETF921946406ETF19,498$2.51M1.2%−149−0.8%Reduced–
Invesco Exchange Traded FD T46137V399S&P500 BUY WRT111,269$2.47M1.2%−2,738−2.4%Reduced–
PGRProgressive CorpStock8,262$2.34M1.1%+6,204+301.5%AddedHistory
SYFSynchrony FinancialCOM43,190$2.29M1.1%−8,016−15.7%ReducedHistory
ACGLArch Capital Group Ltd.Stock23,308$2.24M1.1%−5,170−18.2%ReducedHistory
WRBBerkley W R CorpCOM31,497$2.24M1.1%+15,814+100.8%AddedHistory
ALLAllstate CorpStock10,626$2.20M1.0%+7,950+297.1%AddedHistory
LLoews CorpCOM21,790$2.00M0.9%−19,716−47.5%ReducedHistory
Invesco Nasdaq 100 ETF46138G649ETF10,171$1.96M0.9%+10,171New–
CBChubb LtdStock6,487$1.96M0.9%+3,367+107.9%AddedHistory
WELLWelltower Inc.REIT12,713$1.95M0.9%+12,713NewHistory
TMUST-Mobile US, Inc.Stock7,270$1.94M0.9%−220−2.9%ReducedHistory
METMetlife IncStock23,140$1.86M0.9%+11,163+93.2%AddedHistory
iShares Inc464286178US INTL HGH YLD40,695$1.81M0.9%−633−1.5%Reduced–
iShares Tr46435G474FALN ANGLS USD67,339$1.80M0.8%−684−1.0%Reduced–
iShares Tr46434V4070-5YR HI YL CP42,266$1.80M0.8%−719−1.7%Reduced–
SPDR Series Trust78468R622ST BLOO HIGH ETF18,824$1.79M0.8%−275−1.4%Reduced–
Flexshares Tr33939L662HIG YLD VL ETF44,371$1.79M0.8%−518−1.2%Reduced–
BROBrown & Brown, Inc.Stock14,398$1.79M0.8%−465−3.1%ReducedHistory
UHSUniversal Health Services IncCL B9,526$1.79M0.8%+5,111+115.8%AddedHistory
DALDelta Air Lines, Inc.COM NEW40,973$1.79M0.8%−12,064−22.7%ReducedHistory
BNYBank of New York Mellon CorpStock20,814$1.75M0.8%+4,965+31.3%AddedHistory
APPAppLovin CorpCOM CL A6,530$1.73M0.8%+986+17.8%AddedHistory
WMBWilliams Companies, Inc.COM28,328$1.69M0.8%+28,328NewHistory
RSGRepublic Services, Inc.COM6,978$1.69M0.8%−8,577−55.1%ReducedHistory
GMGeneral Motors CoCOM35,780$1.68M0.8%+17,603+96.8%AddedHistory
ADPAutomatic Data Processing IncStock5,480$1.67M0.8%+5,480NewHistory
KMIKinder Morgan, Inc.Stock56,925$1.62M0.8%+56,925NewHistory
JPMJPMorgan Chase & CoStock6,560$1.61M0.8%−7,377−52.9%ReducedHistory
Simplify Exchange Traded Fun82889N376DOWNSIDE INTERES30,000$1.60M0.8%+30,000New–
CTASCintas CorpStock7,632$1.57M0.7%−235−3.0%ReducedHistory
WMTWalmart Inc.Stock17,580$1.54M0.7%+17,580NewHistory
WABWestinghouse Air Brake Technologies CorpStock8,370$1.52M0.7%+8,370NewHistory
MSIMotorola Solutions, Inc.Stock3,454$1.51M0.7%+3,454NewHistory
MCKMcKesson CorpStock2,209$1.49M0.7%−72−3.2%ReducedHistory
TJXTJX Companies IncStock12,169$1.48M0.7%−367−2.9%ReducedHistory
COSTCostco Wholesale CorpStock1,535$1.45M0.7%−2,296−59.9%ReducedHistory
UALUnited Airlines Holdings, Inc.COM20,338$1.40M0.7%−22,222−52.2%ReducedHistory
PKGPackaging Corp of AmericaStock7,080$1.40M0.7%+7,080NewHistory
DVADavita Inc.COM9,092$1.39M0.7%−3,718−29.0%ReducedHistory
TRGPTarga Resources Corp.COM6,833$1.37M0.6%−245−3.5%ReducedHistory
PRUPrudential Financial IncStock12,017$1.34M0.6%+8,186+213.7%AddedHistory
Vanguard Real Estate ETF922908553ETF14,651$1.33M0.6%+466+3.3%Added–
APHAmphenol CorpCL A19,990$1.31M0.6%−624−3.0%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/999965,754$1.28M0.6%+19,601+42.5%AddedHistory
iShares Tr464288687PFD AND INCM SEC37,173$1.14M0.5%−47,453−56.1%Reduced–
KGCKinross Gold CorpCOM89,136$1.12M0.5%−59,571−40.1%ReducedHistory
FTITechnipFMC plcCOM34,804$1.10M0.5%−1,249−3.5%ReducedHistory
RCLRoyal Caribbean Cruises LtdCOM5,308$1.09M0.5%−541−9.2%ReducedHistory
UWMCUWM Holdings CorpCOM CL A191,000$1.04M0.5%+191,000NewHistory
TRVTravelers Companies, Inc.Stock3,906$1.03M0.5%+3,906NewHistory
THCTenet Healthcare CorpCOM NEW7,441$1.00M0.5%−634−7.9%ReducedHistory
CINFCincinnati Financial CorpCOM6,664$984.4K0.5%+6,664NewHistory
AIZAssurant, Inc.Stock4,651$975.5K0.5%−4,719−50.4%ReducedHistory
iShares Tr46429B606MSCI POLAND ETF34,820$975.3K0.5%+34,820New–
Global X FDS37954Y319MSCI GREECE ETF20,673$971.0K0.5%+15,080+269.6%Added–
iShares Inc464286780MSCI STH AFR ETF19,825$954.2K0.4%+234+1.2%Added–
iShares Tr464289842MSCI PERU GL ETF21,500$943.6K0.4%+61+0.3%Added–
AIGAmerican International Group, Inc.Stock10,666$927.3K0.4%−384−3.5%ReducedHistory
iShares Inc464286640MSCI CHILE ETF30,756$917.1K0.4%+30,756New–
NTRSNorthern Trust CorpCOM9,180$905.6K0.4%+9,180NewHistory
iShares Tr464287184CHINA LG-CAP ETF24,986$895.5K0.4%−4,760−16.0%Reduced–
VBNKVersaBankCOM85,000$880.6K0.4%+85,000NewHistory
EMEEMCOR Group, Inc.Stock2,326$859.8K0.4%+1,181+103.1%AddedHistory
FIXComfort Systems USA IncCOM2,660$857.4K0.4%+1,237+86.9%AddedHistory
iShares Inc464286764MSCI SPAIN ETF21,686$825.4K0.4%+13,101+152.6%Added–
iShares Inc464286202MSCI AUSTRIA ETF32,725$822.1K0.4%+27,367+510.8%Added–
iShares Inc46434G830MSCI ITALY ETF19,177$811.6K0.4%+5,522+40.4%Added–
iShares Inc464286806MSCI GERMANY ETF21,693$804.4K0.4%−2,833−11.6%Reduced–
iShares Tr46435G334MSCI UK ETF NEW21,123$791.5K0.4%+11,255+114.1%Added–
iShares Inc464286707MSCI FRANCE ETF19,788$787.6K0.4%+19,788New–
iShares Inc464286749MSCI SWITZERLAND15,125$783.3K0.4%+15,125New–
EGEverest Group, Ltd.COM2,103$764.1K0.4%−3,134−59.8%ReducedHistory
iShares Inc464286756MSCI SWEDEN ETF18,138$763.2K0.4%+18,138New–
Schwab US Tips ETF808524870ETF28,379$763.1K0.4%−847−2.9%Reduced–
iShares Tr464288646ISHS 1-5YR INVS14,523$760.6K0.4%−280−1.9%Reduced–
SPDR Series Trust78468R200ST STR RATE ETF24,647$759.6K0.4%−426−1.7%Reduced–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF6,936$753.9K0.4%−47−0.7%Reduced–
PCARPaccar IncCOM7,661$746.0K0.4%−14,589−65.6%ReducedHistory
PHMPultegroup IncCOM7,173$737.4K0.3%−8,187−53.3%ReducedHistory
AEMAgnico Eagle Mines LtdStock6,675$723.6K0.3%+6,675NewHistory
GMEDGlobus Medical IncStock9,695$709.7K0.3%+9,695NewHistory
NCLHNorwegian Cruise Line Holdings Ltd.SHS37,137$704.1K0.3%+18,937+104.0%AddedHistory
FANGDiamondback Energy, Inc.Stock4,267$682.2K0.3%−93−2.1%ReducedHistory
HPEHewlett Packard Enterprise CoCOM43,490$671.1K0.3%+43,490NewHistory

Options (5)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Mount Lucas Management LP in Q1 2025
SecurityClassPutsCalls
Kraneshares Trust500767306CSI CHI INTERNET–$49.6M
DBX ETF Tr233051879XTRACK HRVST CSI–$18.6M
JDJD.com, Inc.SPON ADS CL A–$16.4M
iShares Inc464286400MSCI BRAZIL ETF–$10.3M
INTCIntel CorpStock–$3.41M

Sold out since Q4 2024 (41)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of Mount Lucas Management LP sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
Kraneshares Trust500767306CSI CHI INTERNET1,507,900$44.1M15.3%–
Invesco Exchange Traded FD T46137V258S&P500 PUR VAL273,745$24.7M8.6%–
DBX ETF Tr233051879XTRACK HRVST CSI700,000$18.5M6.5%–
JDJD.com, Inc.SPON ADS CL A400,000$13.9M4.8%History
iShares Russell 1000 Value ETF464287598ETF10,710$1.98M0.7%–
Simplify Exchange Traded Fun82889N863VOLATILITY PREM86,264$1.79M0.6%–
VVisa Inc.Stock5,265$1.66M0.6%History
CPRTCopart IncCOM28,210$1.62M0.6%History
BRBroadridge Financial Solutions, Inc.Stock7,116$1.61M0.6%History
AJGArthur J. Gallagher & Co.COM5,584$1.59M0.6%History
CMECME Group Inc.COM6,722$1.56M0.5%History
CBOECboe Global Markets, Inc.COM7,555$1.48M0.5%History
ROPRoper Technologies IncStock2,498$1.30M0.5%History
WFCWells Fargo & CompanyStock16,825$1.18M0.4%History
iShares Inc464286103MSCI AUST ETF46,843$1.12M0.4%–
URIUnited Rentals, Inc.COM1,540$1.08M0.4%History
iShares Inc46434G814MSCI MLY ETF NEW36,749$901.5K0.3%–
iShares Inc46434G772MSCI TAIWAN ETF17,215$891.0K0.3%–
HCAHCA Healthcare, Inc.COM2,952$886.0K0.3%History
VRTVertiv Holdings CoCOM CL A7,769$882.6K0.3%History
MRVLMarvell Technology, Inc.COM7,000$773.1K0.3%History
CIENCiena CorpCOM NEW9,000$763.3K0.3%History
FFord Motor CoStock73,364$726.3K0.3%History
CHTRCharter Communications, Inc.CL A2,060$706.1K0.2%History
iShares Inc464286624MSCI THAILND ETF11,513$695.8K0.2%–
CMCSAComcast CorpStock18,482$693.6K0.2%History
COHRCoherent Corp.COM6,500$615.7K0.2%History
MUMicron Technology IncStock7,000$589.1K0.2%History
FCNCAFirst Citizens Bancshares IncCL A260$549.4K0.2%History
iShares MSCI India ETF46429B598ETF8,514$448.2K0.2%–
CAHCardinal Health IncStock3,754$444.0K0.2%History
CECelanese CorpStock5,383$372.6K0.1%History
WBDWarner Bros. Discovery, Inc.Stock30,228$319.5K0.1%History
DASHDoorDash, Inc.Stock1,823$305.8K0.1%History
MGMMGM Resorts InternationalStock8,595$297.8K0.1%History
GXOGXO Logistics, Inc.Stock6,045$263.0K0.1%History
HUBSHubSpot IncCOM333$232.0K0.1%History
DDOGDatadog, Inc.CL A COM1,511$215.9K0.1%History
MELIMercadolibre IncCOM118$200.7K0.1%History
ZSZscaler, Inc.Stock836$150.8K0.1%History
SNOWSnowflake Inc.Stock932$143.9K0.1%History