Mount Lucas Management LP

Name: Mount Lucas Management LP 13F holdings, Q2 2024
Creator: Mount Lucas Management LP
Published: 2024-08-06

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Mount Lucas Management LP reported 154 stock positions worth $281.8 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 6.7% of the portfolio, followed by Hartford Insurance (HIG, 2.8%) and Loews (L, 2.5%). Compared with Q1 2024, it opened 46 new positions, sold out of 34, added to 24 and reduced 84. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +180%) and the biggest sale Invesco S&P 500 Pure Value E (RPV, shares −69%).

Most Recent 13F: Q2 2026
Location: Newtown, PA
CIK: 0001185072
Portfolio Value: $281.8M (Q2 2024)
SEC Filing: 0001140361-24-035864 ↗ filed Aug 6, 2024

Holdings Value

Holdings 154 stocks · $281.8M


QQQ Invesco QQQ Trust Series 1	6.68%	39,268	$18.8M	Add +179.6%
HIG Hartford Insurance Group Inc.	2.80%	78,481	$7.9M	Add +45.9%
L Loews Corp.	2.51%	94,603	$7.1M	Add +43.1%
COST Costco Wholesale Corp.	2.17%	7,192	$6.1M	Add +71.9%
ACGL Arch Capital Group Ltd.	2.09%	58,403	$5.9M	Add +52.1%
RPV Invesco S&P 500 Pure Value E	2.05%	69,108	$5.8M	Reduce -68.9%
JPM JPMorgan Chase & Co.	2.04%	28,406	$5.7M	Add +80.9%
SYF Synchrony Financial	2.01%	120,197	$5.7M	Add +105.9%
RSG Republic Services Inc.	2.01%	29,143	$5.7M	Add +88.1%
DAL Delta Air Lines Inc.	1.93%	114,580	$5.4M	Reduce -10.2%
PCAR Paccar Inc.	1.80%	49,293	$5.1M	Reduce -22.1%
UAL United Airlines Holdings Inc.	1.74%	100,832	$4.9M	Reduce -8.1%
NLY Annaly Capital Management Inc.	1.72%	254,000	$4.8M	Add +0.4%
DVA Davita Inc.	1.68%	34,133	$4.7M	Add +79.4%
AGNC AGNC Investment Corp.	1.67%	492,000	$4.7M	Add +1.0%
EG Everest Group Ltd.	1.66%	12,286	$4.7M	Add +3.4%
PHM Pultegroup Inc.	1.59%	40,830	$4.5M	Reduce -27.8%
AIZ Assurant Inc.	1.46%	24,786	$4.1M	Add +102.2%
SHY iShares 1-3 Year Treasury Bo	1.38%	47,767	$3.9M	Add +19.6%
IEI iShares 3-7 Year Treasury Bo	1.17%	28,503	$3.3M	Add +20.1%
EWA iShares MSCI Australia ETF	1.14%	131,533	$3.2M	Reduce -5.5%
BBJP JPMorgan Betabuilders Japan	1.13%	56,215	$3.2M	Reduce -4.5%
MTBA Simplify MBS ETF	1.10%	61,500	$3.1M	Reduce -1.4%
TMUS T-Mobile US Inc.	1.03%	16,481	$2.9M	New
CPRT Copart Inc.	1.00%	52,173	$2.8M	Reduce -1.0%
IEF iShares 7-10 Year Treasury B	0.95%	28,515	$2.7M	Add +21.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.95%	10,293	$2.7M	Reduce -0.9%
APH Amphenol Corp. Class A	0.94%	39,454	$2.7M	New
URI United Rentals Inc.	0.94%	4,088	$2.6M	Reduce -58.4%
CTAS Cintas Corp.	0.94%	3,772	$2.6M	New
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.94%	23,955	$2.6M	New
WFC Wells Fargo & Co.	0.93%	44,271	$2.6M	Reduce -1.0%
ROP Roper Technologies Inc.	0.92%	4,621	$2.6M	Reduce -0.9%
BR Broadridge Financial Solutio	0.91%	13,074	$2.6M	Reduce -0.6%
MCK McKesson Corp.	0.91%	4,383	$2.6M	Reduce -7.8%
BRO Brown & Brown Inc.	0.90%	28,494	$2.5M	New
V Visa Inc. Class A	0.90%	9,705	$2.5M	Reduce -0.9%
HCA HCA Healthcare Inc.	0.90%	7,861	$2.5M	Reduce -48.0%
CWB SS SPDR BB Conv Sec ETF	0.89%	34,900	$2.5M	Reduce -4.0%
BKLN Invesco Senior Loan ETF	0.89%	118,908	$2.5M	Reduce -4.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.89%	41,680	$2.5M	Reduce -0.9%
PFF iShares Preferred & Income S	0.89%	79,058	$2.5M	Reduce -2.7%
TRGP Targa Resources Corp.	0.85%	18,687	$2.4M	New
PBP Invesco S&P 500 Buywrite ETF	0.85%	108,158	$2.4M	Reduce -3.7%
F Ford Motor Co. filed as FORD MTR CO DEL	0.85%	190,086	$2.4M	Reduce -47.9%
CME Cme Group Inc.	0.84%	12,061	$2.4M	Reduce -0.8%
CBOE Cboe Global Markets Inc.	0.84%	13,893	$2.4M	Reduce -0.9%
EMB iShares JP Morgan Usd Emergi	0.84%	26,654	$2.4M	Reduce -4.9%
VYM Vanguard High DVD Yield ETF	0.83%	19,839	$2.4M	Reduce -7.6%
EMHY iShares J.P. Morgan Em High	0.83%	63,365	$2.3M	Reduce -5.7%
DWX State Street SPDR S&P Intern	0.83%	67,803	$2.3M	Reduce -5.4%
FANG Diamondback Energy Inc.	0.82%	11,587	$2.3M	New
KWEB Kranesh Csi China Internet	0.81%	85,000	$2.3M	Reduce -51.4%
GM General Motors Co.	0.80%	48,256	$2.2M	Reduce -17.8%
REM iShares Mortgage Real Estate	0.79%	100,483	$2.2M	Reduce -14.1%
MET Metlife Inc.	0.78%	31,481	$2.2M	New
UHS Universal Health Services-B	0.77%	11,757	$2.2M	New
AIG American International Group	0.77%	29,170	$2.2M	New
LEN Lennar Corp. Class A	0.76%	14,317	$2.1M	Reduce -18.4%
CB Chubb Ltd.	0.75%	8,277	$2.1M	New
CE Celanese Corp.	0.69%	14,379	$1.9M	Reduce -1.2%
CMCSA Comcast Corp. Class A	0.67%	48,523	$1.9M	Reduce -0.9%
SHYG iShares 0-5 YR HY Corp. Bond	0.59%	39,677	$1.7M	Reduce -3.5%
JNK SS SPDR BB High Yield Bond	0.59%	17,743	$1.7M	Reduce -3.7%
HYGV NT HY Val-SCRD BD ETF	0.59%	41,399	$1.7M	Reduce -2.9%
GHYG iShares Us&intl High Yield C	0.59%	38,054	$1.7M	Reduce -4.2%
FALN iShares Fallen Angels ETF	0.59%	63,322	$1.7M	Reduce -3.5%
CHTR Charter Communications Inc. Class A	0.58%	5,480	$1.6M	Reduce -1.5%
PR Permian Resources Corp. Class A	0.57%	98,880	$1.6M	Add +94.8%
QQQM Invesco Nasdaq 100 ETF	0.55%	7,899	$1.6M	Add +188.3%
KGC Kinross Gold Corp.	0.52%	174,893	$1.5M	Add +134.7%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.51%	27,503	$1.4M	New
THC Tenet Healthcare Corp.	0.45%	9,557	$1.3M	Add +61.0%
VNQI Vanguard GLBL Ex-US Real Est	0.43%	29,936	$1.2M	Reduce -7.4%
VNQ Vanguard Real Estate ETF	0.41%	13,711	$1.1M	Reduce -10.5%
FTI Technipfmc PLC	0.39%	42,518	$1.1M	Add +90.5%
RCL Royal Caribbean Cruises Ltd.	0.39%	6,891	$1.1M	Reduce -21.1%
CCL Carnival Corp.	0.36%	54,619	$1.0M	Reduce -8.3%
DKNG Draftkings Inc. Class A	0.35%	25,673	$980K	Add +17.3%
EZA iShares MSCI South Africa Et	0.31%	19,912	$863K	New
EWT iShares MSCI Taiwan ETF	0.30%	15,849	$859K	Reduce -11.8%
INDA iShares MSCI India ETF	0.30%	15,045	$839K	Reduce -7.6%
NVDA Nvidia Corp.	0.29%	6,578	$813K	Add +43.6%
TUR iShares MSCI Turkey ETF	0.28%	19,062	$801K	Reduce -14.2%
VRT Vertiv Holdings Co. Class A	0.28%	9,188	$795K	Reduce -1.9%
EWM iShares MSCI Malaysia ETF	0.28%	35,190	$790K	Reduce -8.2%
EPOL iShares MSCI Poland ETF	0.28%	32,169	$789K	Reduce -9.9%
FXI iShares China Large-Cap ETF	0.28%	30,028	$780K	New
GREK Global X MSCI Greece ETF	0.27%	19,422	$772K	Reduce -6.4%
EWY iShares MSCI South Korea ETF	0.27%	11,605	$767K	Reduce -10.6%
EPU iShares MSCI Peru and Global	0.26%	18,559	$747K	Reduce -21.6%
THLLY Thales SA - Unsp ADR	0.26%	22,800	$726K	New
RNMBY Rheinmetall AG-Unsp ADR	0.26%	7,100	$722K	New
EWL iShares MSCI Switzerland ETF	0.25%	14,674	$707K	Reduce -7.2%
EWN iShares MSCI Netherlands ETF	0.25%	13,979	$702K	Reduce -9.8%
MUB iShares National Muni Bond E	0.25%	6,575	$701K	Reduce -2.0%
SCHP Schwab U.S. Tips ETF	0.25%	13,435	$699K	Reduce -3.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.25%	6,512	$698K	Reduce -3.3%
IGSB iShares 1-5Y Inv Grade Corp.	0.25%	13,607	$697K	Reduce -4.1%
FLRN SS SPDR BB Ig Float RT ETF	0.25%	22,572	$696K	Reduce -4.2%
EWU iShares MSCI United Kingdom	0.25%	19,838	$692K	Reduce -12.2%
EWG iShares MSCI Germany ETF	0.25%	22,568	$691K	Reduce -6.6%
EWD iShares MSCI Sweden ETF	0.24%	17,136	$690K	Reduce -8.4%
EWO iShares MSCI Austria ETF	0.24%	31,312	$684K	Reduce -12.7%
EWI iShares MSCI Italy ETF	0.24%	18,632	$668K	Reduce -10.3%
EWP iShares MSCI Spain ETF	0.24%	21,352	$667K	Reduce -15.6%
EWQ iShares MSCI France ETF	0.23%	17,329	$655K	Reduce -5.9%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.22%	9,227	$629K	Add +60.5%
APP AppLovin Corp. Class A	0.19%	6,559	$546K	New
BURL Burlington Stores Inc.	0.19%	2,212	$531K	New
PRU Prudential Financial Inc.	0.18%	4,439	$520K	New
RGA Reinsurance Group of America	0.18%	2,520	$517K	New
FCNCA First Citizens Bcshs Class A	0.18%	307	$517K	Reduce -1.6%
FIX Comfort Systems USA Inc.	0.18%	1,684	$512K	New
PGR Progressive Corp.	0.18%	2,434	$506K	New
ALL Allstate Corp.	0.18%	3,140	$501K	New
EME Emcor Group Inc.	0.18%	1,354	$494K	New
KKR KKR & Co. Inc.	0.17%	4,604	$485K	New
IWD iShares Russell 1000 Value E	0.17%	2,762	$482K	Reduce -68.2%
MGM MGM Resorts International	0.16%	10,172	$452K	Reduce -85.2%
CAH Cardinal Health Inc.	0.15%	4,401	$433K	Reduce -92.7%
NCLH Norwegian Cruise Line Holdin	0.14%	21,539	$405K	Reduce -56.2%
GXO Gxo Logistics Inc.	0.13%	7,154	$361K	Reduce -1.9%
ANET Arista Networks Inc.	0.12%	932	$327K	Reduce -61.8%
MDLZ Mondelez International Inc. Class A	0.11%	4,948	$324K	Reduce -84.2%
ADP Automatic Data Processing	0.11%	1,339	$320K	New
MSFT Microsoft Corp.	0.11%	672	$300K	New
VRTX Vertex Pharmaceuticals Inc.	0.11%	640	$300K	New
DUOL Duolingo	0.10%	1,308	$273K	New
SMCI Super Micro Computer Inc.	0.10%	331	$271K	New
WBD Warner Bros Discovery Inc.	0.09%	35,771	$266K	Reduce -1.9%
ESTC Elastic NV	0.09%	2,273	$259K	New
CRWD CrowdStrike Holdings Inc. Class A	0.09%	659	$253K	New
WWD Woodward Inc.	0.09%	1,402	$244K	New
ECH iShares MSCI Chile ETF	0.09%	9,418	$244K	New
AMZN Amazon.com Inc.	0.09%	1,245	$241K	New
HWM Howmet Aerospace Inc.	0.08%	3,049	$237K	New
DASH DoorDash Inc. Class A	0.08%	2,158	$235K	Reduce -1.9%
HUBS HubSpot Inc.	0.08%	394	$232K	Reduce -2.0%
DDOG Datadog Inc. Class A	0.08%	1,786	$232K	Reduce -2.0%
MELI MercadoLibre Inc.	0.08%	138	$227K	Reduce -73.5%
GILD Gilead Sciences Inc.	0.08%	3,089	$212K	New
ZS Zscaler Inc.	0.07%	989	$190K	Reduce -2.0%
AMAT Applied Materials Inc.	0.06%	773	$182K	New
META Meta Platforms Inc. Class A	0.06%	339	$171K	New
TELL Tellurian Inc.	0.06%	243,000	$168K	Reduce -2.8%
ORCL Oracle Corp.	0.06%	1,165	$164K	New
QCOM Qualcomm Inc.	0.06%	783	$156K	New
SNOW Snowflake Inc.	0.05%	1,101	$149K	Reduce -55.9%
MU Micron Technology Inc.	0.05%	986	$130K	New
KO The Coca-Cola Co.	0.01%	600	$38K	New
AVGO Broadcom Inc.	0.01%	174	$28K	New
GOOGL Alphabet Inc. Class A	0.01%	100	$18K	New
NFLX Netflix Inc.	0.00%	12	$8K	New

Options reported separately and not counted above: BABA calls ($54.0M), KWEB calls ($13.5M).

Portfolio Sells Q1 2024 → Q2 2024


RPV Invesco S&P 500 Pure Value E	Reduce -68.9%	2.05%	−4.53
CAH Cardinal Health Inc.	Reduce -92.7%	0.15%	−2.11
URI United Rentals Inc.	Reduce -58.4%	0.94%	−1.43
BSX Boston Scientific Corp.	Sold out	0.00%	−1.02
AZO AutoZone Inc.	Sold out	0.00%	−1.00
ORLY O'reilly Automotive Inc.	Sold out	0.00%	−0.94
CI The Cigna Group	Sold out	0.00%	−0.93
MGM MGM Resorts International	Reduce -85.2%	0.16%	−0.92
AAL American Airlines Group Inc.	Sold out	0.00%	−0.86
PCAR Paccar Inc.	Reduce -22.1%	1.80%	−0.83
MNST Monster Beverage Corp.	Sold out	0.00%	−0.80
HCA HCA Healthcare Inc.	Reduce -48.0%	0.90%	−0.79
MCD McDonald's Corp.	Sold out	0.00%	−0.78
F Ford Motor Co.	Reduce -47.9%	0.85%	−0.78
LW Lamb Weston Holdings Inc.	Sold out	0.00%	−0.76
TPR Tapestry Inc.	Sold out	0.00%	−0.76
KWEB Kranesh Csi China Internet	Reduce -51.4%	0.81%	−0.72
PHM Pultegroup Inc.	Reduce -27.8%	1.59%	−0.69
SJM The JM Smucker Co.	Sold out	0.00%	−0.67
EQT Eqt Corp.	Sold out	0.00%	−0.64
MDLZ Mondelez International Inc. Class A	Reduce -84.2%	0.11%	−0.62
HSY The Hershey Co.	Sold out	0.00%	−0.58
HUM Humana Inc.	Sold out	0.00%	−0.54
BIDU Baidu Inc. - Spon ADR	Sold out	0.00%	−0.53
BWA Borgwarner Inc.	Sold out	0.00%	−0.47
UBER Uber Technologies Inc.	Sold out	0.00%	−0.46
IWD iShares Russell 1000 Value E	Reduce -68.2%	0.17%	−0.35
EWW iShares MSCI Mexico ETF	Sold out	0.00%	−0.30
EPHE iShares MSCI Philippines ETF	Sold out	0.00%	−0.28
EWZ iShares MSCI Brazil ETF	Sold out	0.00%	−0.27
LEN Lennar Corp. Class A	Reduce -18.4%	0.76%	−0.25
APO Apollo Global Management Inc.	Sold out	0.00%	−0.25
WIP State Street SPDR Ftse Inter	Sold out	0.00%	−0.24
JBL Jabil Inc.	Sold out	0.00%	−0.22
H Hyatt Hotels Corp. Class A	Sold out	0.00%	−0.21
NCLH Norwegian Cruise Line Holdin	Reduce -56.2%	0.14%	−0.20
EIDO iShares MSCI Indonesia ETF	Sold out	0.00%	−0.20
MELI MercadoLibre Inc.	Reduce -73.5%	0.08%	−0.18
CPNG Coupang Inc.	Sold out	0.00%	−0.17
WYNN WYNN Resorts Ltd.	Sold out	0.00%	−0.15
CE Celanese Corp.	Reduce -1.2%	0.69%	−0.15
LVS Las Vegas Sands Corp.	Sold out	0.00%	−0.14
ANET Arista Networks Inc.	Reduce -61.8%	0.12%	−0.12
REM iShares Mortgage Real Estate	Reduce -14.1%	0.79%	−0.12
DAL Delta Air Lines Inc.	Reduce -10.2%	1.93%	−0.12
PHIN Phinia Inc.	Sold out	0.00%	−0.10
GM General Motors Co.	Reduce -17.8%	0.80%	−0.10
TTD Trade Desk Inc./the Class A	Sold out	0.00%	−0.09
SWAV Shockwave Medical Inc.	Sold out	0.00%	−0.09
SNOW Snowflake Inc.	Reduce -55.9%	0.05%	−0.08

Portfolio Buys Q1 2024 → Q2 2024


QQQ Invesco QQQ Trust Series 1	Add +179.6%	6.68%	+4.59
SYF Synchrony Financial	Add +105.9%	2.01%	+1.17
COST Costco Wholesale Corp.	Add +71.9%	2.17%	+1.14
TMUS T-Mobile US Inc.	New	1.03%	+1.03
RSG Republic Services Inc.	Add +88.1%	2.01%	+1.02
JPM JPMorgan Chase & Co.	Add +80.9%	2.04%	+0.98
APH Amphenol Corp. Class A	New	0.94%	+0.94
HIG Hartford Insurance Group Inc.	Add +45.9%	2.80%	+0.94
CTAS Cintas Corp.	New	0.94%	+0.94
TJX TJX Companies Inc.	New	0.94%	+0.94
BRO Brown & Brown Inc.	New	0.90%	+0.90
ACGL Arch Capital Group Ltd.	Add +52.1%	2.09%	+0.90
TRGP Targa Resources Corp.	New	0.85%	+0.85
FANG Diamondback Energy Inc.	New	0.82%	+0.82
DVA Davita Inc.	Add +79.4%	1.68%	+0.80
MET Metlife Inc.	New	0.78%	+0.78
L Loews Corp.	Add +43.1%	2.51%	+0.78
UHS Universal Health Services-B	New	0.77%	+0.77
AIG American International Group	New	0.77%	+0.77
CB Chubb Ltd.	New	0.75%	+0.75
AIZ Assurant Inc.	Add +102.2%	1.46%	+0.69
WRB WR Berkley Corp.	New	0.51%	+0.51
QQQM Invesco Nasdaq 100 ETF	Add +188.3%	0.55%	+0.38
KGC Kinross Gold Corp.	Add +134.7%	0.52%	+0.36
EZA iShares MSCI South Africa Et	New	0.31%	+0.31
SHY iShares 1-3 Year Treasury Bo	Add +19.6%	1.38%	+0.29
FXI iShares China Large-Cap ETF	New	0.28%	+0.28
PR Permian Resources Corp. Class A	Add +94.8%	0.57%	+0.27
THLLY Thales SA - Unsp ADR	New	0.26%	+0.26
RNMBY Rheinmetall AG-Unsp ADR	New	0.26%	+0.26
IEI iShares 3-7 Year Treasury Bo	Add +20.1%	1.17%	+0.25
THC Tenet Healthcare Corp.	Add +61.0%	0.45%	+0.24
FTI Technipfmc PLC	Add +90.5%	0.39%	+0.21
IEF iShares 7-10 Year Treasury B	Add +21.0%	0.95%	+0.20
APP AppLovin Corp. Class A	New	0.19%	+0.19
BURL Burlington Stores Inc.	New	0.19%	+0.19
PRU Prudential Financial Inc.	New	0.18%	+0.18
RGA Reinsurance Group of America	New	0.18%	+0.18
FIX Comfort Systems USA Inc.	New	0.18%	+0.18
PGR Progressive Corp.	New	0.18%	+0.18
ALL Allstate Corp.	New	0.18%	+0.18
EME Emcor Group Inc.	New	0.18%	+0.18
KKR KKR & Co. Inc.	New	0.17%	+0.17
NVDA Nvidia Corp.	Add +43.6%	0.29%	+0.15
ADP Automatic Data Processing	New	0.11%	+0.11
MSFT Microsoft Corp.	New	0.11%	+0.11
VRTX Vertex Pharmaceuticals Inc.	New	0.11%	+0.11
DUOL Duolingo	New	0.10%	+0.10
XLU St Sr Utl SL SE SPDR ETF-Usd	Add +60.5%	0.22%	+0.10
SMCI Super Micro Computer Inc.	New	0.10%	+0.10

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