Mount Lucas Management LP

Name: Mount Lucas Management LP 13F holdings, Q3 2024
Creator: Mount Lucas Management LP
Published: 2024-11-06

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

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%
EWN iShares MSCI Netherlands ETF	0.26%	14,951	$760K	Add +7.0%
EWU iShares MSCI United Kingdom	0.26%	20,232	$757K	Add +2.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.26%	6,681	$755K	Add +2.6%
WIP State Street SPDR Ftse Inter	0.26%	18,698	$753K	New
MUB iShares National Muni Bond E	0.26%	6,894	$749K	Add +4.8%
EWL iShares MSCI Switzerland ETF	0.26%	14,368	$749K	Reduce -2.1%
IGSB iShares 1-5Y Inv Grade Corp.	0.25%	14,197	$748K	Add +4.3%
FLRN SS SPDR BB Ig Float RT ETF	0.25%	24,129	$744K	Add +6.9%
EWO iShares MSCI Austria ETF	0.25%	32,604	$744K	Add +4.1%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.25%	9,043	$730K	Reduce -2.0%
MU Micron Technology Inc.	0.25%	7,000	$726K	Add +609.9%
THLLY Thales SA - Unsp ADR	0.25%	22,800	$722K	No change
CHTR Charter Communications Inc. Class A	0.24%	2,187	$709K	Reduce -60.1%
FIX Comfort Systems USA Inc.	0.23%	1,724	$673K	Add +2.4%
PGR Progressive Corp.	0.22%	2,493	$633K	Add +2.4%
KKR KKR & Co. Inc.	0.21%	4,720	$616K	Add +2.5%
ALL Allstate Corp.	0.21%	3,229	$612K	Add +2.8%
EME Emcor Group Inc.	0.20%	1,388	$598K	Add +2.5%
BURL Burlington Stores Inc.	0.20%	2,266	$597K	Add +2.4%
FCNCA First Citizens Bcshs Class A	0.20%	315	$580K	Add +2.6%
RGA Reinsurance Group of America	0.19%	2,592	$565K	Add +2.9%
PRU Prudential Financial Inc.	0.19%	4,596	$557K	Add +3.5%
CAH Cardinal Health Inc.	0.17%	4,530	$501K	Add +2.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.16%	35,000	$478K	New
NCLH Norwegian Cruise Line Holdin	0.15%	22,055	$452K	Add +2.4%
EWY iShares MSCI South Korea ETF	0.15%	6,832	$437K	Reduce -41.1%
MGM MGM Resorts International	0.14%	10,416	$407K	Add +2.4%
GXO Gxo Logistics Inc.	0.13%	7,327	$382K	Add +2.4%
DUOL Duolingo	0.13%	1,340	$378K	Add +2.5%
SCHP Schwab U.S. Tips ETF	0.13%	14,017	$376K	Add +4.3%
ANET Arista Networks Inc.	0.12%	954	$366K	Add +2.4%
DASH DoorDash Inc. Class A	0.11%	2,209	$315K	Add +2.4%
HWM Howmet Aerospace Inc.	0.11%	3,123	$313K	Add +2.4%
AVGO Broadcom Inc.	0.10%	1,782	$307K	Add +2.4%
WBD Warner Bros Discovery Inc.	0.10%	36,630	$302K	Add +2.4%
MELI MercadoLibre Inc.	0.10%	143	$293K	Add +3.6%
ECH iShares MSCI Chile ETF	0.10%	10,681	$291K	Add +13.4%
WWD Woodward Inc.	0.08%	1,439	$247K	Add +2.6%
HUBS HubSpot Inc.	0.07%	404	$215K	Add +2.5%
DDOG Datadog Inc. Class A	0.07%	1,830	$211K	Add +2.5%
CRWD CrowdStrike Holdings Inc. Class A	0.06%	676	$190K	Add +2.6%
ESTC Elastic NV	0.06%	2,326	$179K	Add +2.3%
ZS Zscaler Inc.	0.06%	1,013	$173K	Add +2.4%
SNOW Snowflake Inc.	0.04%	1,128	$130K	Add +2.5%
SMCI Super Micro Computer Inc.	0.00%	339	$14K	New

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