Mount Lucas Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Mount Lucas Management LP reported 145 stock positions worth $293.6 million. Its top holding was Kranesh Csi China Internet (KWEB) at 16.0% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 8.9%) and Alibaba Group Holding-SP ADR (BABA, 7.2%). Compared with Q2 2024, it opened 10 new positions, sold out of 19, added to 78 and reduced 55. The biggest buy was Kranesh Csi China Internet (KWEB, shares +1529%) and the biggest sale an exit from Invesco S&P 500 Pure Value E (RPV).
- Most Recent 13F
- Q2 2026
- Location
- Newtown, PA
- CIK
- 0001185072
- Portfolio Value
- $293.6M (Q3 2024)
- SEC Filing
- 0001140361-24-045415 ↗ filed Nov 6, 2024
Holdings Value
Holdings 145 stocks · $293.6M
| KWEB Kranesh Csi China Internet | 16.05% | 1,385,000 | $47.1M | Add +1529.4% |
| QQQ Invesco QQQ Trust Series 1 | 8.86% | 53,283 | $26.0M | Add +35.7% |
| BABA Alibaba Group Holding-SP ADR | 7.23% | 200,000 | $21.2M | New |
| JD Jd.com Inc.-ADR | 2.72% | 200,000 | $8.0M | New |
| AGNC AGNC Investment Corp. | 1.82% | 509,500 | $5.3M | Add +3.6% |
| NLY Annaly Capital Management Inc. | 1.79% | 262,000 | $5.3M | Add +3.1% |
| HIG Hartford Insurance Group Inc. | 1.54% | 38,431 | $4.5M | Reduce -51.0% |
| EWA iShares MSCI Australia ETF | 1.22% | 132,087 | $3.6M | Add +0.4% |
| COST Costco Wholesale Corp. | 1.22% | 4,031 | $3.6M | Reduce -44.0% |
| L Loews Corp. | 1.18% | 43,879 | $3.5M | Reduce -53.6% |
| BBJP JPMorgan Betabuilders Japan | 1.16% | 57,391 | $3.4M | Add +2.1% |
| ACGL Arch Capital Group Ltd. | 1.15% | 30,208 | $3.4M | Reduce -48.3% |
| RSG Republic Services Inc. | 1.12% | 16,332 | $3.3M | Reduce -44.0% |
| JPM JPMorgan Chase & Co. | 1.08% | 14,999 | $3.2M | Reduce -47.2% |
| DAL Delta Air Lines Inc. | 1.02% | 58,813 | $3.0M | Reduce -48.7% |
| SYF Synchrony Financial | 0.95% | 55,684 | $2.8M | Reduce -53.7% |
| CWB SS SPDR BB Conv Sec ETF | 0.94% | 35,946 | $2.8M | Add +3.0% |
| PFF iShares Preferred & Income S | 0.94% | 82,800 | $2.8M | Add +4.7% |
| IEF iShares 7-10 Year Treasury B | 0.92% | 27,411 | $2.7M | Reduce -3.9% |
| REM iShares Mortgage Real Estate | 0.91% | 113,160 | $2.7M | Add +12.6% |
| IEI iShares 3-7 Year Treasury Bo | 0.91% | 22,412 | $2.7M | Reduce -21.4% |
| BKLN Invesco Senior Loan ETF | 0.91% | 127,414 | $2.7M | Add +7.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.91% | 32,136 | $2.7M | Reduce -32.7% |
| UAL United Airlines Holdings Inc. | 0.90% | 46,491 | $2.7M | Reduce -53.9% |
| EMHY iShares J.P. Morgan Em High | 0.88% | 66,307 | $2.6M | Add +4.6% |
| EMB iShares JP Morgan Usd Emergi | 0.88% | 27,567 | $2.6M | Add +3.4% |
| DWX State Street SPDR S&P Intern | 0.87% | 66,862 | $2.6M | Reduce -1.4% |
| PBP Invesco S&P 500 Buywrite ETF | 0.87% | 112,356 | $2.6M | Add +3.9% |
| VYM Vanguard High DVD Yield ETF | 0.87% | 19,970 | $2.6M | Add +0.7% |
| PCAR Paccar Inc. | 0.81% | 24,021 | $2.4M | Reduce -51.3% |
| PHM Pultegroup Inc. | 0.80% | 16,289 | $2.3M | Reduce -60.1% |
| DVA Davita Inc. | 0.76% | 13,611 | $2.2M | Reduce -60.1% |
| EG Everest Group Ltd. | 0.76% | 5,689 | $2.2M | Reduce -53.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.69% | 10,158 | $2.0M | Add +28.6% |
| AIZ Assurant Inc. | 0.67% | 9,927 | $2.0M | Reduce -60.0% |
| SVOL Simplify Volatility Premium | 0.62% | 83,100 | $1.8M | New |
| GHYG iShares Us&intl High Yield C | 0.62% | 39,495 | $1.8M | Add +3.8% |
| HYGV NT HY Val-SCRD BD ETF | 0.61% | 43,329 | $1.8M | Add +4.7% |
| JNK SS SPDR BB High Yield Bond | 0.61% | 18,455 | $1.8M | Add +4.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.61% | 41,512 | $1.8M | Add +4.6% |
| FALN iShares Fallen Angels ETF | 0.61% | 65,857 | $1.8M | Add +4.0% |
| CTAS Cintas Corp. | 0.58% | 8,268 | $1.7M | Reduce -45.2% |
| KGC Kinross Gold Corp. | 0.57% | 179,664 | $1.7M | Add +2.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.56% | 5,868 | $1.7M | Reduce -43.0% |
| CBOE Cboe Global Markets Inc. | 0.55% | 7,943 | $1.6M | Reduce -42.8% |
| THC Tenet Healthcare Corp. | 0.55% | 9,785 | $1.6M | Add +2.4% |
| TMUS T-Mobile US Inc. | 0.55% | 7,859 | $1.6M | Reduce -52.3% |
| BRO Brown & Brown Inc. | 0.55% | 15,629 | $1.6M | Reduce -45.1% |
| BR Broadridge Financial Solutio | 0.55% | 7,463 | $1.6M | Reduce -42.9% |
| CPRT Copart Inc. | 0.53% | 29,698 | $1.6M | Reduce -43.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.53% | 13,162 | $1.5M | Reduce -45.1% |
| CME Cme Group Inc. | 0.52% | 6,896 | $1.5M | Reduce -42.8% |
| V Visa Inc. Class A | 0.52% | 5,533 | $1.5M | Reduce -43.0% |
| ROP Roper Technologies Inc. | 0.50% | 2,628 | $1.5M | Reduce -43.1% |
| APH Amphenol Corp. Class A | 0.48% | 21,647 | $1.4M | Reduce -45.1% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.48% | 29,900 | $1.4M | Reduce -0.1% |
| PR Permian Resources Corp. Class A | 0.48% | 102,701 | $1.4M | Add +3.9% |
| VNQ Vanguard Real Estate ETF | 0.47% | 14,112 | $1.4M | Add +2.9% |
| URI United Rentals Inc. | 0.45% | 1,631 | $1.3M | Reduce -60.1% |
| HCA HCA Healthcare Inc. | 0.43% | 3,133 | $1.3M | Reduce -60.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.43% | 7,073 | $1.3M | Add +2.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.41% | 16,741 | $1.2M | Reduce -59.8% |
| MCK McKesson Corp. | 0.40% | 2,401 | $1.2M | Reduce -45.2% |
| FTI Technipfmc PLC | 0.39% | 43,612 | $1.1M | Add +2.6% |
| TRGP Targa Resources Corp. | 0.38% | 7,490 | $1.1M | Reduce -59.9% |
| UHS Universal Health Services-B | 0.37% | 4,690 | $1.1M | Reduce -60.1% |
| LEN Lennar Corp. Class A | 0.37% | 5,724 | $1.1M | Reduce -60.0% |
| MET Metlife Inc. | 0.36% | 12,642 | $1.0M | Reduce -59.8% |
| CCL Carnival Corp. | 0.35% | 55,929 | $1.0M | Add +2.4% |
| DKNG Draftkings Inc. Class A | 0.35% | 26,291 | $1.0M | Add +2.4% |
| FXI iShares China Large-Cap ETF | 0.35% | 32,286 | $1.0M | Add +7.5% |
| WFC Wells Fargo & Co. | 0.34% | 17,782 | $1.0M | Reduce -59.8% |
| THD iShares MSCI Thailand ETF | 0.33% | 13,879 | $962K | New |
| CB Chubb Ltd. | 0.32% | 3,303 | $953K | Reduce -60.1% |
| VRT Vertiv Holdings Co. Class A | 0.32% | 9,411 | $936K | Add +2.4% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.32% | 16,497 | $936K | Reduce -60.0% |
| SOFI Sofi Technologies Inc. | 0.31% | 117,000 | $920K | New |
| EZA iShares MSCI South Africa Et | 0.31% | 18,191 | $917K | Reduce -8.6% |
| EPU iShares MSCI Peru and Global | 0.31% | 20,999 | $907K | Add +13.2% |
| EPHE iShares MSCI Philippines ETF | 0.31% | 30,997 | $903K | New |
| EWM iShares MSCI Malaysia ETF | 0.30% | 32,958 | $892K | Reduce -6.3% |
| EIDO iShares MSCI Indonesia ETF | 0.30% | 39,240 | $883K | New |
| GREK Global X MSCI Greece ETF | 0.30% | 20,398 | $881K | Add +5.0% |
| APP AppLovin Corp. Class A | 0.30% | 6,717 | $877K | Add +2.4% |
| INDA iShares MSCI India ETF | 0.29% | 14,800 | $866K | Reduce -1.6% |
| GM General Motors Co. | 0.29% | 19,258 | $864K | Reduce -60.1% |
| EWT iShares MSCI Taiwan ETF | 0.29% | 15,879 | $855K | Add +0.2% |
| AIG American International Group | 0.29% | 11,666 | $854K | Reduce -60.0% |
| EPOL iShares MSCI Poland ETF | 0.29% | 34,769 | $843K | Add +8.1% |
| NVDA Nvidia Corp. | 0.28% | 6,734 | $818K | Add +2.4% |
| CMCSA Comcast Corp. Class A | 0.28% | 19,503 | $815K | Reduce -59.8% |
| F Ford Motor Co. filed as FORD MTR CO | 0.28% | 76,951 | $813K | Reduce -59.5% |
| FANG Diamondback Energy Inc. | 0.27% | 4,671 | $805K | Reduce -59.7% |
| EWP iShares MSCI Spain ETF | 0.27% | 22,406 | $791K | Add +4.9% |
| EWG iShares MSCI Germany ETF | 0.27% | 23,271 | $787K | Add +3.1% |
| CE Celanese Corp. | 0.27% | 5,760 | $783K | Reduce -59.9% |
| EWD iShares MSCI Sweden ETF | 0.27% | 18,007 | $782K | Add +5.1% |
| EWQ iShares MSCI France ETF | 0.26% | 19,041 | $769K | Add +9.9% |
| RNMBY Rheinmetall AG-Unsp ADR | 0.26% | 7,100 | $768K | No change |
| EWI iShares MSCI Italy ETF | 0.26% | 19,546 | $762K | Add +4.9% |
Portfolio Sells Q2 2024 → Q3 2024
| RPV Invesco S&P 500 Pure Value E | Sold out | 0.00% | −2.05 |
| L Loews Corp. | Reduce -53.6% | 1.18% | −1.33 |
| HIG Hartford Insurance Group Inc. | Reduce -51.0% | 1.54% | −1.26 |
| MTBA Simplify MBS ETF | Sold out | 0.00% | −1.10 |
| SYF Synchrony Financial | Reduce -53.7% | 0.95% | −1.07 |
| PCAR Paccar Inc. | Reduce -51.3% | 0.81% | −0.99 |
| JPM JPMorgan Chase & Co. | Reduce -47.2% | 1.08% | −0.96 |
| COST Costco Wholesale Corp. | Reduce -44.0% | 1.22% | −0.95 |
| ACGL Arch Capital Group Ltd. | Reduce -48.3% | 1.15% | −0.94 |
| DVA Davita Inc. | Reduce -60.1% | 0.76% | −0.92 |
| DAL Delta Air Lines Inc. | Reduce -48.7% | 1.02% | −0.91 |
| EG Everest Group Ltd. | Reduce -53.7% | 0.76% | −0.90 |
| RSG Republic Services Inc. | Reduce -44.0% | 1.12% | −0.89 |
| UAL United Airlines Holdings Inc. | Reduce -53.9% | 0.90% | −0.84 |
| PHM Pultegroup Inc. | Reduce -60.1% | 0.80% | −0.80 |
| AIZ Assurant Inc. | Reduce -60.0% | 0.67% | −0.79 |
| WFC Wells Fargo & Co. | Reduce -59.8% | 0.34% | −0.59 |
| F Ford Motor Co. | Reduce -59.5% | 0.28% | −0.57 |
| FANG Diamondback Energy Inc. | Reduce -59.7% | 0.27% | −0.55 |
| MCK McKesson Corp. | Reduce -45.2% | 0.40% | −0.50 |
| GM General Motors Co. | Reduce -60.1% | 0.29% | −0.50 |
| URI United Rentals Inc. | Reduce -60.1% | 0.45% | −0.49 |
| TMUS T-Mobile US Inc. | Reduce -52.3% | 0.55% | −0.48 |
| AIG American International Group | Reduce -60.0% | 0.29% | −0.48 |
| TRGP Targa Resources Corp. | Reduce -59.9% | 0.38% | −0.48 |
| BNY Bank of New York Mellon Corp. | Reduce -59.8% | 0.41% | −0.48 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -32.7% | 0.91% | −0.47 |
| CPRT Copart Inc. | Reduce -43.1% | 0.53% | −0.47 |
| APH Amphenol Corp. Class A | Reduce -45.1% | 0.48% | −0.46 |
| HCA HCA Healthcare Inc. | Reduce -60.1% | 0.43% | −0.46 |
| MET Metlife Inc. | Reduce -59.8% | 0.36% | −0.43 |
| ROP Roper Technologies Inc. | Reduce -43.1% | 0.50% | −0.43 |
| CB Chubb Ltd. | Reduce -60.1% | 0.32% | −0.42 |
| CE Celanese Corp. | Reduce -59.9% | 0.27% | −0.42 |
| TJX TJX Companies Inc. | Reduce -45.1% | 0.53% | −0.41 |
| UHS Universal Health Services-B | Reduce -60.1% | 0.37% | −0.41 |
| CMCSA Comcast Corp. Class A | Reduce -59.8% | 0.28% | −0.40 |
| LEN Lennar Corp. Class A | Reduce -60.0% | 0.37% | −0.40 |
| V Visa Inc. Class A | Reduce -43.0% | 0.52% | −0.39 |
| AJG Arthur J Gallagher & Co. | Reduce -43.0% | 0.56% | −0.38 |
| BR Broadridge Financial Solutio | Reduce -42.9% | 0.55% | −0.37 |
| CTAS Cintas Corp. | Reduce -45.2% | 0.58% | −0.36 |
| BRO Brown & Brown Inc. | Reduce -45.1% | 0.55% | −0.35 |
| CHTR Charter Communications Inc. Class A | Reduce -60.1% | 0.24% | −0.34 |
| CME Cme Group Inc. | Reduce -42.8% | 0.52% | −0.32 |
| TUR iShares MSCI Turkey ETF | Sold out | 0.00% | −0.28 |
| CBOE Cboe Global Markets Inc. | Reduce -42.8% | 0.55% | −0.28 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -21.4% | 0.91% | −0.25 |
| WRB WR Berkley Corp. | Reduce -60.0% | 0.32% | −0.19 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.17 |
Portfolio Buys Q2 2024 → Q3 2024
| KWEB Kranesh Csi China Internet | Add +1529.4% | 16.05% | +15.23 |
| BABA Alibaba Group Holding-SP ADR | New | 7.23% | +7.23 |
| JD Jd.com Inc.-ADR | New | 2.72% | +2.72 |
| QQQ Invesco QQQ Trust Series 1 | Add +35.7% | 8.86% | +2.18 |
| SVOL Simplify Volatility Premium | New | 0.62% | +0.62 |
| THD iShares MSCI Thailand ETF | New | 0.33% | +0.33 |
| SOFI Sofi Technologies Inc. | New | 0.31% | +0.31 |
| EPHE iShares MSCI Philippines ETF | New | 0.31% | +0.31 |
| EIDO iShares MSCI Indonesia ETF | New | 0.30% | +0.30 |
| WIP State Street SPDR Ftse Inter | New | 0.26% | +0.26 |
| MU Micron Technology Inc. | Add +609.9% | 0.25% | +0.20 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.16% | +0.16 |
| AGNC AGNC Investment Corp. | Add +3.6% | 1.82% | +0.15 |
| QQQM Invesco Nasdaq 100 ETF | Add +28.6% | 0.69% | +0.14 |
| REM iShares Mortgage Real Estate | Add +12.6% | 0.91% | +0.12 |
| APP AppLovin Corp. Class A | Add +2.4% | 0.30% | +0.10 |
| THC Tenet Healthcare Corp. | Add +2.4% | 0.55% | +0.10 |
| AVGO Broadcom Inc. | Add +2.4% | 0.10% | +0.09 |
| EWA iShares MSCI Australia ETF | Add +0.4% | 1.22% | +0.08 |
| NLY Annaly Capital Management Inc. | Add +3.1% | 1.79% | +0.07 |
| FXI iShares China Large-Cap ETF | Add +7.5% | 0.35% | +0.07 |
| VNQ Vanguard Real Estate ETF | Add +2.9% | 0.47% | +0.06 |
| KGC Kinross Gold Corp. | Add +2.7% | 0.57% | +0.06 |
| PFF iShares Preferred & Income S | Add +4.7% | 0.94% | +0.05 |
| EMHY iShares J.P. Morgan Em High | Add +4.6% | 0.88% | +0.05 |
| FIX Comfort Systems USA Inc. | Add +2.4% | 0.23% | +0.05 |
| CWB SS SPDR BB Conv Sec ETF | Add +3.0% | 0.94% | +0.05 |
| EPU iShares MSCI Peru and Global | Add +13.2% | 0.31% | +0.04 |
| EMB iShares JP Morgan Usd Emergi | Add +3.4% | 0.88% | +0.04 |
| KKR KKR & Co. Inc. | Add +2.5% | 0.21% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +2.6% | 0.43% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +0.7% | 0.87% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +2.4% | 0.32% | +0.04 |
| PGR Progressive Corp. | Add +2.4% | 0.22% | +0.04 |
| BBJP JPMorgan Betabuilders Japan | Add +2.1% | 1.16% | +0.03 |
| EWP iShares MSCI Spain ETF | Add +4.9% | 0.27% | +0.03 |
| DUOL Duolingo | Add +2.5% | 0.13% | +0.03 |
| ALL Allstate Corp. | Add +2.8% | 0.21% | +0.03 |
| EWQ iShares MSCI France ETF | Add +9.9% | 0.26% | +0.03 |
| EME Emcor Group Inc. | Add +2.5% | 0.20% | +0.03 |
| GREK Global X MSCI Greece ETF | Add +5.0% | 0.30% | +0.03 |
| GHYG iShares Us&intl High Yield C | Add +3.8% | 0.62% | +0.03 |
| FALN iShares Fallen Angels ETF | Add +4.0% | 0.61% | +0.02 |
| DASH DoorDash Inc. Class A | Add +2.4% | 0.11% | +0.02 |
| BKLN Invesco Senior Loan ETF | Add +7.2% | 0.91% | +0.02 |
| PBP Invesco S&P 500 Buywrite ETF | Add +3.9% | 0.87% | +0.02 |
| EWG iShares MSCI Germany ETF | Add +3.1% | 0.27% | +0.02 |
| HWM Howmet Aerospace Inc. | Add +2.4% | 0.11% | +0.02 |
| EWI iShares MSCI Italy ETF | Add +4.9% | 0.26% | +0.02 |
| HYGV NT HY Val-SCRD BD ETF | Add +4.7% | 0.61% | +0.02 |
Options Activity Q2 2024 → Q3 2024
| BABA Alibaba Group Holding-SP ADR | call | Sold out | 750,000 | $54.0Mbefore exit |
| KWEB Kranesh Csi China Internet | call | Sold out | 500,000 | $13.5Mbefore 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 |