Mount Lucas Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Mount Lucas Management LP reported 142 stock positions worth $298.6 million. Its top holding was Invesco S&P 500 Pure Value E (RPV) at 6.6% of the portfolio, followed by Paccar (PCAR, 2.6%) and United Rentals (URI, 2.4%). Compared with Q4 2023, it opened 4 new positions, sold out of 1, added to 32 and reduced 105. The biggest buy was Invesco S&P 500 Pure Value E (RPV, shares +196%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- Newtown, PA
- CIK
- 0001185072
- Portfolio Value
- $298.6M (Q1 2024)
- SEC Filing
- 0001140361-24-025380 ↗ filed May 10, 2024
Holdings Value
Holdings 142 stocks · $298.6M
| RPV Invesco S&P 500 Pure Value E | 6.58% | 222,148 | $19.6M | Add +195.8% |
| PCAR Paccar Inc. | 2.63% | 63,275 | $7.8M | Reduce -8.2% |
| URI United Rentals Inc. | 2.37% | 9,816 | $7.1M | Reduce -8.2% |
| PHM Pultegroup Inc. | 2.29% | 56,578 | $6.8M | Reduce -8.3% |
| CAH Cardinal Health Inc. | 2.26% | 60,384 | $6.8M | Reduce -7.7% |
| QQQ Invesco QQQ Trust Series 1 | 2.09% | 14,046 | $6.2M | Reduce -68.9% |
| DAL Delta Air Lines Inc. | 2.05% | 127,634 | $6.1M | Reduce -8.2% |
| HIG Hartford Insurance Group Inc. | 1.86% | 53,790 | $5.5M | Reduce -8.0% |
| UAL United Airlines Holdings Inc. | 1.76% | 109,769 | $5.3M | Reduce -8.4% |
| L Loews Corp. | 1.73% | 66,087 | $5.2M | Reduce -7.9% |
| HCA HCA Healthcare Inc. | 1.69% | 15,112 | $5.0M | Reduce -8.3% |
| NLY Annaly Capital Management Inc. | 1.67% | 252,965 | $5.0M | Add +3.4% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 1.62% | 365,000 | $4.8M | Reduce -6.1% |
| AGNC AGNC Investment Corp. | 1.61% | 486,920 | $4.8M | Add +1.3% |
| EG Everest Group Ltd. | 1.58% | 11,882 | $4.7M | Reduce -8.1% |
| KWEB Kranesh Csi China Internet | 1.54% | 175,000 | $4.6M | Add +75.0% |
| ACGL Arch Capital Group Ltd. | 1.19% | 38,408 | $3.6M | Reduce -8.4% |
| BBJP JPMorgan Betabuilders Japan | 1.15% | 58,854 | $3.4M | Reduce -7.2% |
| EWA iShares MSCI Australia ETF | 1.15% | 139,237 | $3.4M | Add +1.8% |
| SHY iShares 1-3 Year Treasury Bo | 1.09% | 39,955 | $3.3M | Reduce -6.0% |
| MGM MGM Resorts International | 1.08% | 68,581 | $3.2M | Reduce -8.4% |
| MTBA Simplify MBS ETF | 1.06% | 62,360 | $3.2M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 1.05% | 15,706 | $3.1M | Reduce -8.4% |
| COST Costco Wholesale Corp. | 1.03% | 4,183 | $3.1M | Reduce -7.5% |
| CPRT Copart Inc. | 1.02% | 52,712 | $3.1M | Reduce -7.6% |
| BSX Boston Scientific Corp. | 1.02% | 44,409 | $3.0M | Reduce -7.6% |
| LEN Lennar Corp. Class A | 1.01% | 17,544 | $3.0M | Reduce -8.4% |
| AZO AutoZone Inc. | 1.00% | 952 | $3.0M | Reduce -7.5% |
| RSG Republic Services Inc. | 0.99% | 15,491 | $3.0M | Reduce -7.6% |
| ORLY O'reilly Automotive Inc. | 0.94% | 2,482 | $2.8M | Reduce -7.6% |
| CI The Cigna Group | 0.93% | 7,633 | $2.8M | Reduce -8.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.92% | 23,734 | $2.7M | Reduce -20.3% |
| V Visa Inc. Class A | 0.92% | 9,789 | $2.7M | Reduce -7.4% |
| REM iShares Mortgage Real Estate | 0.91% | 117,013 | $2.7M | Add +6.3% |
| BR Broadridge Financial Solutio | 0.90% | 13,149 | $2.7M | Reduce -7.3% |
| GM General Motors Co. | 0.89% | 58,698 | $2.7M | Reduce -8.2% |
| CWB SS SPDR BB Conv Sec ETF | 0.89% | 36,359 | $2.7M | Add +1.0% |
| DVA Davita Inc. | 0.88% | 19,029 | $2.6M | Reduce -8.4% |
| BKLN Invesco Senior Loan ETF | 0.88% | 123,959 | $2.6M | Add +0.5% |
| PFF iShares Preferred & Income S | 0.88% | 81,243 | $2.6M | Reduce -2.4% |
| CME Cme Group Inc. | 0.88% | 12,152 | $2.6M | Reduce -7.2% |
| ROP Roper Technologies Inc. | 0.88% | 4,663 | $2.6M | Reduce -7.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.87% | 10,390 | $2.6M | Reduce -7.4% |
| VYM Vanguard High DVD Yield ETF | 0.87% | 21,469 | $2.6M | Reduce -2.7% |
| WFC Wells Fargo & Co. | 0.87% | 44,729 | $2.6M | Reduce -7.8% |
| CBOE Cboe Global Markets Inc. | 0.86% | 14,024 | $2.6M | Reduce -7.3% |
| AAL American Airlines Group Inc. | 0.86% | 166,345 | $2.6M | Reduce -8.4% |
| MCK McKesson Corp. | 0.85% | 4,751 | $2.6M | Reduce -8.4% |
| PBP Invesco S&P 500 Buywrite ETF | 0.85% | 112,345 | $2.5M | Reduce -1.7% |
| DWX State Street SPDR S&P Intern | 0.84% | 71,667 | $2.5M | Add +3.4% |
| EMHY iShares J.P. Morgan Em High | 0.84% | 67,218 | $2.5M | Reduce -0.8% |
| SYF Synchrony Financial | 0.84% | 58,383 | $2.5M | Reduce -7.9% |
| EMB iShares JP Morgan Usd Emergi | 0.84% | 28,034 | $2.5M | Add +1.3% |
| CE Celanese Corp. | 0.84% | 14,550 | $2.5M | Reduce -8.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.81% | 42,048 | $2.4M | Reduce -8.4% |
| MNST Monster Beverage Corp. | 0.80% | 40,059 | $2.4M | Reduce -7.6% |
| MCD McDonald's Corp. | 0.78% | 8,246 | $2.3M | Reduce -7.1% |
| AIZ Assurant Inc. | 0.77% | 12,257 | $2.3M | Reduce -8.1% |
| LW Lamb Weston Holdings Inc. | 0.76% | 21,288 | $2.3M | Reduce -7.3% |
| TPR Tapestry Inc. | 0.76% | 47,488 | $2.3M | Reduce -7.8% |
| IEF iShares 7-10 Year Treasury B | 0.75% | 23,571 | $2.2M | Reduce -34.9% |
| MDLZ Mondelez International Inc. Class A | 0.73% | 31,251 | $2.2M | Reduce -7.1% |
| CMCSA Comcast Corp. Class A | 0.71% | 48,952 | $2.1M | Reduce -8.5% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.67% | 15,913 | $2.0M | Reduce -6.8% |
| EQT Eqt Corp. | 0.64% | 51,918 | $1.9M | Reduce -8.1% |
| FALN iShares Fallen Angels ETF | 0.59% | 65,655 | $1.8M | Add +40.2% |
| JNK SS SPDR BB High Yield Bond | 0.59% | 18,424 | $1.8M | Add +41.1% |
| GHYG iShares Us&intl High Yield C | 0.59% | 39,700 | $1.8M | Add +42.0% |
| HYGV NT HY Val-SCRD BD ETF | 0.59% | 42,620 | $1.8M | Add +40.9% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.59% | 41,121 | $1.7M | Add +40.4% |
| HSY The Hershey Co. | 0.58% | 8,949 | $1.7M | Reduce -7.0% |
| CHTR Charter Communications Inc. Class A | 0.54% | 5,565 | $1.6M | Reduce -8.5% |
| HUM Humana Inc. | 0.54% | 4,646 | $1.6M | Reduce -8.3% |
| BIDU Baidu Inc. - Spon ADR | 0.53% | 15,000 | $1.6M | New |
| IWD iShares Russell 1000 Value E | 0.52% | 8,671 | $1.6M | Add +189.5% |
| BWA Borgwarner Inc. | 0.47% | 40,140 | $1.4M | Reduce -8.1% |
| UBER Uber Technologies Inc. | 0.46% | 17,826 | $1.4M | Reduce -8.2% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.46% | 32,344 | $1.4M | Add +6.1% |
| VNQ Vanguard Real Estate ETF | 0.44% | 15,321 | $1.3M | Add +4.3% |
| RCL Royal Caribbean Cruises Ltd. | 0.41% | 8,737 | $1.2M | Reduce -8.2% |
| NCLH Norwegian Cruise Line Holdin | 0.34% | 49,184 | $1.0M | Reduce -8.2% |
| DKNG Draftkings Inc. Class A | 0.33% | 21,896 | $994K | Reduce -8.2% |
| CCL Carnival Corp. | 0.33% | 59,585 | $974K | Reduce -8.2% |
| EPU iShares MSCI Peru and Global | 0.31% | 23,688 | $928K | Reduce -2.2% |
| PR Permian Resources Corp. Class A | 0.30% | 50,764 | $896K | Reduce -7.5% |
| EWW iShares MSCI Mexico ETF | 0.30% | 12,763 | $885K | Add +4.0% |
| EWT iShares MSCI Taiwan ETF | 0.29% | 17,972 | $875K | Reduce -0.6% |
| EWY iShares MSCI South Korea ETF | 0.29% | 12,987 | $872K | New |
| EPOL iShares MSCI Poland ETF | 0.28% | 35,720 | $843K | Reduce -2.8% |
| INDA iShares MSCI India ETF | 0.28% | 16,275 | $840K | Reduce -4.6% |
| EPHE iShares MSCI Philippines ETF | 0.28% | 30,322 | $838K | Reduce -5.3% |
| EWM iShares MSCI Malaysia ETF | 0.28% | 38,317 | $835K | Reduce -2.2% |
| GREK Global X MSCI Greece ETF | 0.28% | 20,754 | $830K | Reduce -7.6% |
| EWZ iShares MSCI Brazil ETF | 0.27% | 25,224 | $818K | Add +5.9% |
| EWP iShares MSCI Spain ETF | 0.27% | 25,294 | $814K | Add +4.7% |
| TUR iShares MSCI Turkey ETF | 0.27% | 22,210 | $798K | Add +100.9% |
| MELI MercadoLibre Inc. | 0.26% | 520 | $786K | Reduce -8.1% |
| EWI iShares MSCI Italy ETF | 0.26% | 20,772 | $784K | Reduce -4.8% |
| EWO iShares MSCI Austria ETF | 0.26% | 35,851 | $779K | Add +4.7% |
| EWU iShares MSCI United Kingdom | 0.26% | 22,599 | $773K | Add +0.9% |
Options reported separately and not counted above: BABA calls ($54.3M), KWEB calls ($13.1M).
Portfolio Sells Q4 2023 → Q1 2024
| QQQ Invesco QQQ Trust Series 1 | Reduce -68.9% | 2.09% | −4.44 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.55 |
| IEF iShares 7-10 Year Treasury B | Reduce -34.9% | 0.75% | −0.48 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -68.9% | 0.17% | −0.36 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -20.3% | 0.92% | −0.31 |
| CHTR Charter Communications Inc. Class A | Reduce -8.5% | 0.54% | −0.29 |
| HUM Humana Inc. | Reduce -8.3% | 0.54% | −0.28 |
| MCD McDonald's Corp. | Reduce -7.1% | 0.78% | −0.15 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -6.0% | 1.09% | −0.14 |
| BR Broadridge Financial Solutio | Reduce -7.3% | 0.90% | −0.13 |
| MDLZ Mondelez International Inc. Class A | Reduce -7.1% | 0.73% | −0.13 |
| EQT Eqt Corp. | Reduce -8.1% | 0.64% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -8.5% | 0.71% | −0.12 |
| LW Lamb Weston Holdings Inc. | Reduce -7.3% | 0.76% | −0.12 |
| CCL Carnival Corp. | Reduce -8.2% | 0.33% | −0.10 |
| CME Cme Group Inc. | Reduce -7.2% | 0.88% | −0.10 |
| MGM MGM Resorts International | Reduce -8.4% | 1.08% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -7.6% | 0.88% | −0.09 |
| CBOE Cboe Global Markets Inc. | Reduce -7.3% | 0.86% | −0.09 |
| SJM The JM Smucker Co. | Reduce -6.8% | 0.67% | −0.09 |
| MNST Monster Beverage Corp. | Reduce -7.6% | 0.80% | −0.09 |
| BWA Borgwarner Inc. | Reduce -8.1% | 0.47% | −0.09 |
| CAH Cardinal Health Inc. | Reduce -7.7% | 2.26% | −0.06 |
| V Visa Inc. Class A | Reduce -7.4% | 0.92% | −0.06 |
| SNOW Snowflake Inc. | Reduce -8.2% | 0.14% | −0.06 |
| WBD Warner Bros Discovery Inc. | Reduce -8.2% | 0.11% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -8.1% | 0.26% | −0.05 |
| HSY The Hershey Co. | Reduce -7.0% | 0.58% | −0.05 |
| F Ford Motor Co. | Reduce -6.1% | 1.62% | −0.05 |
| GXO Gxo Logistics Inc. | Reduce -8.2% | 0.13% | −0.04 |
| PFF iShares Preferred & Income S | Reduce -2.4% | 0.88% | −0.04 |
| NCLH Norwegian Cruise Line Holdin | Reduce -8.2% | 0.34% | −0.03 |
| BNY Bank of New York Mellon Corp. | Reduce -8.4% | 0.81% | −0.03 |
| EG Everest Group Ltd. | Reduce -8.1% | 1.58% | −0.03 |
| CE Celanese Corp. | Reduce -8.0% | 0.84% | −0.03 |
| L Loews Corp. | Reduce -7.9% | 1.73% | −0.03 |
| PBP Invesco S&P 500 Buywrite ETF | Reduce -1.7% | 0.85% | −0.03 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -8.2% | 0.41% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -7.5% | 1.03% | −0.03 |
| EMHY iShares J.P. Morgan Em High | Reduce -0.8% | 0.84% | −0.03 |
| AAL American Airlines Group Inc. | Reduce -8.4% | 0.86% | −0.03 |
| MDB Mongodb Inc. | Reduce -8.3% | 0.08% | −0.02 |
| BBJP JPMorgan Betabuilders Japan | Reduce -7.2% | 1.15% | −0.02 |
| ZS Zscaler Inc. | Reduce -8.2% | 0.07% | −0.02 |
| AJG Arthur J Gallagher & Co. | Reduce -7.4% | 0.87% | −0.02 |
| JBL Jabil Inc. | Reduce -8.2% | 0.22% | −0.02 |
| AIZ Assurant Inc. | Reduce -8.1% | 0.77% | −0.02 |
| KGC Kinross Gold Corp. | Reduce -7.8% | 0.15% | −0.02 |
| GREK Global X MSCI Greece ETF | Reduce -7.6% | 0.28% | −0.02 |
| EWM iShares MSCI Malaysia ETF | Reduce -2.2% | 0.28% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| RPV Invesco S&P 500 Pure Value E | Add +195.8% | 6.58% | +4.40 |
| KWEB Kranesh Csi China Internet | Add +75.0% | 1.54% | +0.59 |
| BIDU Baidu Inc. - Spon ADR | New | 0.53% | +0.53 |
| IWD iShares Russell 1000 Value E | Add +189.5% | 0.52% | +0.35 |
| EWY iShares MSCI South Korea ETF | New | 0.29% | +0.29 |
| EIDO iShares MSCI Indonesia ETF | New | 0.20% | +0.20 |
| FALN iShares Fallen Angels ETF | Add +40.2% | 0.59% | +0.15 |
| JNK SS SPDR BB High Yield Bond | Add +41.1% | 0.59% | +0.15 |
| GHYG iShares Us&intl High Yield C | Add +42.0% | 0.59% | +0.15 |
| HYGV NT HY Val-SCRD BD ETF | Add +40.9% | 0.59% | +0.15 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +40.4% | 0.59% | +0.15 |
| TUR iShares MSCI Turkey ETF | Add +100.9% | 0.27% | +0.14 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.13% | +0.13 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +37.8% | 0.25% | +0.05 |
| SCHP Schwab U.S. Tips ETF | Add +34.7% | 0.24% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +34.5% | 0.24% | +0.05 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +33.2% | 0.24% | +0.05 |
| WIP State Street SPDR Ftse Inter | Add +40.4% | 0.24% | +0.05 |
| MUB iShares National Muni Bond E | Add +34.4% | 0.24% | +0.05 |
| EWP iShares MSCI Spain ETF | Add +4.7% | 0.27% | +0.01 |
| EWW iShares MSCI Mexico ETF | Add +4.0% | 0.30% | +0.00 |
| EWO iShares MSCI Austria ETF | Add +4.7% | 0.26% | −0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +6.1% | 0.46% | −0.00 |
| EWU iShares MSCI United Kingdom | Add +0.9% | 0.26% | −0.00 |
| NLY Annaly Capital Management Inc. | Add +3.4% | 1.67% | −0.00 |
| REM iShares Mortgage Real Estate | Add +6.3% | 0.91% | −0.01 |
| EWL iShares MSCI Switzerland ETF | Add +3.1% | 0.25% | −0.01 |
| VNQ Vanguard Real Estate ETF | Add +4.3% | 0.44% | −0.01 |
| EWZ iShares MSCI Brazil ETF | Add +5.9% | 0.27% | −0.02 |
| EWA iShares MSCI Australia ETF | Add +1.8% | 1.15% | −0.03 |
| DWX State Street SPDR S&P Intern | Add +3.4% | 0.84% | −0.03 |
| CWB SS SPDR BB Conv Sec ETF | Add +1.0% | 0.89% | −0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +1.3% | 0.84% | −0.03 |
| BKLN Invesco Senior Loan ETF | Add +0.5% | 0.88% | −0.04 |
| AGNC AGNC Investment Corp. | Add +1.3% | 1.61% | −0.05 |
| MTBA Simplify MBS ETF | Add +1.0% | 1.06% | −0.06 |
Options Activity Q4 2023 → Q1 2024
| BABA Alibaba Group Holding-SP ADR | call | Add +50.0% | 750,000 | $54.3M |
| FXI iShares China Large-Cap ETF | call | Sold out | 500,000 | $12.0Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 166 | $280.7M | EWZ, RPV, QQQ, NBIS, SHY |
| Q1 2026 | 165 | $270.8M | RPV, EWZ, ADBE, INTC, SHY |
| Q4 2025 | 167 | $225.9M | RPV, QQQ, EWA, BBJP, FOXA |
| Q3 2025 | 159 | $221.6M | QQQ, AGNC, NLY, BBJP, EWA |
| Q2 2025 | 156 | $210.1M | QQQ, NLY, AGNC, IEF, IEI |
| Q1 2025 | 144 | $212.6M | QQQ, IEI, SHY, IEF, NLY |
| Q4 2024 | 135 | $287.3M | KWEB, RPV, ASHR, SHY, JD |
| Q3 2024 | 145 | $293.6M | KWEB, QQQ, BABA, JD, AGNC |
| Q2 2024 | 154 | $281.8M | QQQ, HIG, L, COST, ACGL |
| Q1 2024 | 142 | $298.6M | RPV, PCAR, URI, PHM, CAH |