Mount Lucas Management LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Mount Lucas Management LP reported 135 stock positions worth $287.3 million. Its top holding was Kranesh Csi China Internet (KWEB) at 15.3% of the portfolio, followed by Invesco S&P 500 Pure Value E (RPV, 8.6%) and Xtrackers Harvest Csi 300 CH (ASHR, 6.5%). Compared with Q3 2024, it opened 7 new positions, sold out of 17, added to 28 and reduced 97. The biggest buy was a new position in Invesco S&P 500 Pure Value E (RPV) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).

Most Recent 13F
Q2 2026
Location
Newtown, PA
CIK
0001185072
Portfolio Value
$287.3M (Q4 2024)
SEC Filing
0001140361-25-003529 ↗ filed Feb 7, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $298.6M Q1 2024 Q2 2024: $281.8M Q2 2024 Q3 2024: $293.6M Q3 2024 Q4 2024: $287.3M $287.3M Q4 2024 Q1 2025: $212.6M Q1 2025 Q2 2025: $210.1M Q2 2025 Q3 2025: $221.6M Q3 2025 Q4 2025: $225.9M Q4 2025 Q1 2026: $270.8M Q1 2026 Q2 2026: $280.7M Q2 2026

Holdings 135 stocks · $287.3M
KWEB Kranesh Csi China Internet 15.35% 1,507,900 $44.1M Add +8.9%
RPV Invesco S&P 500 Pure Value E 8.60% 273,745 $24.7M New
ASHR Xtrackers Harvest Csi 300 CH 6.45% 700,000 $18.5M New
SHY iShares 1-3 Year Treasury Bo 5.67% 198,611 $16.3M Add +518.0%
JD Jd.com Inc.-ADR 4.83% 400,000 $13.9M Add +100.0%
IEI iShares 3-7 Year Treasury Bo 3.19% 79,224 $9.2M Add +253.5%
AGNC AGNC Investment Corp. 1.67% 522,300 $4.8M Add +2.5%
NLY Annaly Capital Management Inc. 1.67% 262,000 $4.8M No change
UAL United Airlines Holdings Inc. 1.44% 42,560 $4.1M Reduce -8.5%
HIG Hartford Insurance Group Inc. 1.36% 35,829 $3.9M Reduce -6.8%
L Loews Corp. 1.22% 41,506 $3.5M Reduce -5.4%
COST Costco Wholesale Corp. 1.22% 3,831 $3.5M Reduce -5.0%
JPM JPMorgan Chase & Co. 1.16% 13,937 $3.3M Reduce -7.1%
SYF Synchrony Financial 1.16% 51,206 $3.3M Reduce -8.0%
DAL Delta Air Lines Inc. 1.12% 53,037 $3.2M Reduce -9.8%
RSG Republic Services Inc. 1.09% 15,555 $3.1M Reduce -4.8%
BKLN Invesco Senior Loan ETF 0.96% 131,480 $2.8M Add +3.2%
PBP Invesco S&P 500 Buywrite ETF 0.94% 114,007 $2.7M Add +1.5%
PFF iShares Preferred & Income S 0.93% 84,626 $2.7M Add +2.2%
CWB SS SPDR BB Conv Sec ETF 0.92% 33,902 $2.6M Reduce -5.7%
ACGL Arch Capital Group Ltd. 0.92% 28,478 $2.6M Reduce -5.7%
EMHY iShares J.P. Morgan Em High 0.90% 68,328 $2.6M Add +3.0%
EMB iShares JP Morgan Usd Emergi 0.89% 28,853 $2.6M Add +4.7%
VYM Vanguard High DVD Yield ETF 0.87% 19,647 $2.5M Reduce -1.6%
PCAR Paccar Inc. 0.81% 22,250 $2.3M Reduce -7.4%
IEF iShares 7-10 Year Treasury B 0.75% 23,211 $2.1M Reduce -15.3%
AIZ Assurant Inc. 0.70% 9,370 $2.0M Reduce -5.6%
IWD iShares Russell 1000 Value E 0.69% 10,710 $2.0M New
DVA Davita Inc. 0.67% 12,810 $1.9M Reduce -5.9%
EG Everest Group Ltd. 0.66% 5,237 $1.9M Reduce -8.0%
SHYG iShares 0-5 YR HY Corp. Bond 0.64% 42,985 $1.8M Add +3.5%
HYGV NT HY Val-SCRD BD ETF 0.64% 44,889 $1.8M Add +3.6%
JNK SS SPDR BB High Yield Bond 0.63% 19,099 $1.8M Add +3.5%
GHYG iShares Us&intl High Yield C 0.63% 41,328 $1.8M Add +4.6%
FALN iShares Fallen Angels ETF 0.63% 68,023 $1.8M Add +3.3%
APP AppLovin Corp. Class A 0.63% 5,544 $1.8M Reduce -17.5%
SVOL Simplify Volatility Premium 0.62% 86,264 $1.8M Add +3.8%
PHM Pultegroup Inc. 0.58% 15,360 $1.7M Reduce -5.7%
V Visa Inc. Class A 0.58% 5,265 $1.7M Reduce -4.8%
TMUS T-Mobile US Inc. 0.58% 7,490 $1.7M Reduce -4.7%
CPRT Copart Inc. 0.56% 28,210 $1.6M Reduce -5.0%
BR Broadridge Financial Solutio 0.56% 7,116 $1.6M Reduce -4.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.55% 5,584 $1.6M Reduce -4.8%
CME Cme Group Inc. 0.54% 6,722 $1.6M Reduce -2.5%
BRO Brown & Brown Inc. 0.53% 14,863 $1.5M Reduce -4.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.53% 12,536 $1.5M Reduce -4.8%
CBOE Cboe Global Markets Inc. 0.51% 7,555 $1.5M Reduce -4.9%
CTAS Cintas Corp. 0.50% 7,867 $1.4M Reduce -4.8%
APH Amphenol Corp. Class A 0.50% 20,614 $1.4M Reduce -4.8%
REM iShares Mortgage Real Estate 0.49% 66,284 $1.4M Reduce -41.4%
KGC Kinross Gold Corp. 0.48% 148,707 $1.4M Reduce -17.2%
RCL Royal Caribbean Cruises Ltd. 0.47% 5,849 $1.3M Reduce -17.3%
MCK McKesson Corp. 0.45% 2,281 $1.3M Reduce -5.0%
ROP Roper Technologies Inc. 0.45% 2,498 $1.3M Reduce -5.0%
VNQ Vanguard Real Estate ETF 0.44% 14,185 $1.3M Add +0.5%
TRGP Targa Resources Corp. 0.44% 7,078 $1.3M Reduce -5.5%
PR Permian Resources Corp. Class A 0.43% 85,599 $1.2M Reduce -16.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.42% 15,849 $1.2M Reduce -5.3%
WFC Wells Fargo & Co. 0.41% 16,825 $1.2M Reduce -5.4%
BBJP JPMorgan Betabuilders Japan 0.41% 21,510 $1.2M Reduce -62.5%
CCL Carnival Corp. 0.40% 46,153 $1.2M Reduce -17.5%
EWA iShares MSCI Australia ETF 0.39% 46,843 $1.1M Reduce -64.5%
URI United Rentals Inc. 0.38% 1,540 $1.1M Reduce -5.6%
DWX State Street SPDR S&P Intern 0.38% 30,965 $1.1M Reduce -53.7%
FTI Technipfmc PLC 0.36% 36,053 $1.0M Reduce -17.3%
THC Tenet Healthcare Corp. 0.35% 8,075 $1.0M Reduce -17.5%
MET Metlife Inc. 0.34% 11,977 $981K Reduce -5.3%
GM General Motors Co. 0.34% 18,177 $968K Reduce -5.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.32% 15,683 $918K Reduce -4.9%
FXI iShares China Large-Cap ETF 0.32% 29,746 $905K Reduce -7.9%
EWM iShares MSCI Malaysia ETF 0.31% 36,749 $901K Add +11.5%
EWT iShares MSCI Taiwan ETF 0.31% 17,215 $891K Add +8.4%
HCA HCA Healthcare Inc. 0.31% 2,952 $886K Reduce -5.8%
VRT Vertiv Holdings Co. Class A 0.31% 7,769 $883K Reduce -17.4%
CB Chubb Ltd. 0.30% 3,120 $862K Reduce -5.5%
EPU iShares MSCI Peru and Global 0.30% 21,439 $849K Add +2.1%
EZA iShares MSCI South Africa Et 0.29% 19,591 $821K Add +7.7%
DKNG Draftkings Inc. Class A 0.28% 21,697 $807K Reduce -17.5%
AIG American International Group 0.28% 11,050 $804K Reduce -5.3%
UHS Universal Health Services-B 0.28% 4,415 $792K Reduce -5.9%
EWG iShares MSCI Germany ETF 0.27% 24,526 $780K Add +5.4%
MRVL Marvell Technology Inc. 0.27% 7,000 $773K New
FLRN SS SPDR BB Ig Float RT ETF 0.27% 25,073 $770K Add +3.9%
IGSB iShares 1-5Y Inv Grade Corp. 0.27% 14,803 $765K Add +4.3%
CIEN Ciena Corp. 0.27% 9,000 $763K New
MUB iShares National Muni Bond E 0.26% 7,099 $756K Add +3.0%
SCHP Schwab U.S. Tips ETF 0.26% 29,226 $755K Add +4.3%
NVDA Nvidia Corp. 0.26% 5,558 $746K Reduce -17.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.26% 6,983 $746K Add +4.5%
F Ford Motor Co. filed as FORD MTR CO 0.25% 73,364 $726K Reduce -4.7%
FANG Diamondback Energy Inc. 0.25% 4,360 $714K Reduce -6.7%
LEN Lennar Corp. Class A 0.25% 5,399 $707K Reduce -5.7%
CHTR Charter Communications Inc. Class A 0.25% 2,060 $706K Reduce -5.8%
THD iShares MSCI Thailand ETF 0.24% 11,513 $696K Reduce -17.1%
CMCSA Comcast Corp. Class A 0.24% 18,482 $694K Reduce -5.2%
COHR Coherent Corp. 0.21% 6,500 $616K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.21% 8,016 $607K Reduce -11.4%
FIX Comfort Systems USA Inc. 0.21% 1,423 $603K Reduce -17.5%
MU Micron Technology Inc. 0.21% 7,000 $589K No change
KKR KKR & Co. Inc. 0.20% 3,899 $577K Reduce -17.4%

Show all 135 holdings

Portfolio Sells Q3 2024 → Q4 2024
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −8.86
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −7.23
EWA iShares MSCI Australia ETF Reduce -64.5% 0.39% −0.83
BBJP JPMorgan Betabuilders Japan Reduce -62.5% 0.41% −0.75
QQQM Invesco Nasdaq 100 ETF Sold out 0.00% −0.69
DWX State Street SPDR S&P Intern Reduce -53.7% 0.38% −0.50
VNQI Vanguard GLBL Ex-US Real Est Sold out 0.00% −0.48
REM iShares Mortgage Real Estate Reduce -41.4% 0.49% −0.42
SOFI Sofi Technologies Inc. Sold out 0.00% −0.31
EPHE iShares MSCI Philippines ETF Sold out 0.00% −0.31
EIDO iShares MSCI Indonesia ETF Sold out 0.00% −0.30
EPOL iShares MSCI Poland ETF Sold out 0.00% −0.29
EWD iShares MSCI Sweden ETF Sold out 0.00% −0.27
EWQ iShares MSCI France ETF Sold out 0.00% −0.26
RNMBY Rheinmetall AG-Unsp ADR Sold out 0.00% −0.26
EWN iShares MSCI Netherlands ETF Sold out 0.00% −0.26
WIP State Street SPDR Ftse Inter Sold out 0.00% −0.26
EWL iShares MSCI Switzerland ETF Sold out 0.00% −0.26
THLLY Thales SA - Unsp ADR Sold out 0.00% −0.25
ACGL Arch Capital Group Ltd. Reduce -5.7% 0.92% −0.24
GREK Global X MSCI Greece ETF Reduce -72.6% 0.08% −0.22
EWO iShares MSCI Austria ETF Reduce -83.6% 0.04% −0.21
PHM Pultegroup Inc. Reduce -5.7% 0.58% −0.21
THC Tenet Healthcare Corp. Reduce -17.5% 0.35% −0.20
EWP iShares MSCI Spain ETF Reduce -61.7% 0.09% −0.18
HIG Hartford Insurance Group Inc. Reduce -6.8% 1.36% −0.17
IEF iShares 7-10 Year Treasury B Reduce -15.3% 0.75% −0.17
EWY iShares MSCI South Korea ETF Sold out 0.00% −0.15
EWU iShares MSCI United Kingdom Reduce -51.2% 0.12% −0.14
INDA iShares MSCI India ETF Reduce -42.5% 0.16% −0.14
CE Celanese Corp. Reduce -6.5% 0.13% −0.14
HCA HCA Healthcare Inc. Reduce -5.8% 0.31% −0.13
LEN Lennar Corp. Class A Reduce -5.7% 0.25% −0.12
ECH iShares MSCI Chile ETF Sold out 0.00% −0.10
EG Everest Group Ltd. Reduce -8.0% 0.66% −0.10
DVA Davita Inc. Reduce -5.9% 0.67% −0.09
KGC Kinross Gold Corp. Reduce -17.2% 0.48% −0.09
UHS Universal Health Services-B Reduce -5.9% 0.28% −0.09
EWI iShares MSCI Italy ETF Reduce -30.1% 0.17% −0.09
THD iShares MSCI Thailand ETF Reduce -17.1% 0.24% −0.09
CTAS Cintas Corp. Reduce -4.8% 0.50% −0.08
URI United Rentals Inc. Reduce -5.6% 0.38% −0.07
DKNG Draftkings Inc. Class A Reduce -17.5% 0.28% −0.07
PR Permian Resources Corp. Class A Reduce -16.6% 0.43% −0.05
ROP Roper Technologies Inc. Reduce -5.0% 0.45% −0.05
PGR Progressive Corp. Reduce -17.4% 0.17% −0.04
CBOE Cboe Global Markets Inc. Reduce -4.9% 0.51% −0.04
GXO Gxo Logistics Inc. Reduce -17.5% 0.09% −0.04
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -11.4% 0.21% −0.04
CMCSA Comcast Corp. Class A Reduce -5.2% 0.24% −0.04

Portfolio Buys Q3 2024 → Q4 2024
RPV Invesco S&P 500 Pure Value E New 8.60% +8.60
ASHR Xtrackers Harvest Csi 300 CH New 6.45% +6.45
SHY iShares 1-3 Year Treasury Bo Add +518.0% 5.67% +4.76
IEI iShares 3-7 Year Treasury Bo Add +253.5% 3.19% +2.27
JD Jd.com Inc.-ADR Add +100.0% 4.83% +2.10
IWD iShares Russell 1000 Value E New 0.69% +0.69
MRVL Marvell Technology Inc. New 0.27% +0.27
CIEN Ciena Corp. New 0.27% +0.27
COHR Coherent Corp. New 0.21% +0.21
SCHP Schwab U.S. Tips ETF Add +4.3% 0.26% +0.13
PBP Invesco S&P 500 Buywrite ETF Add +1.5% 0.94% +0.06
BKLN Invesco Senior Loan ETF Add +3.2% 0.96% +0.05
TKNO Alpha Teknova Inc. New 0.03% +0.03
SMCI Super Micro Computer Inc. Add +726.8% 0.03% +0.02
SHYG iShares 0-5 YR HY Corp. Bond Add +3.5% 0.64% +0.02
EMHY iShares J.P. Morgan Em High Add +3.0% 0.90% +0.02
HYGV NT HY Val-SCRD BD ETF Add +3.6% 0.64% +0.02
JNK SS SPDR BB High Yield Bond Add +3.5% 0.63% +0.02
FALN iShares Fallen Angels ETF Add +3.3% 0.63% +0.02
EWT iShares MSCI Taiwan ETF Add +8.4% 0.31% +0.02
GHYG iShares Us&intl High Yield C Add +4.6% 0.63% +0.02
EMB iShares JP Morgan Usd Emergi Add +4.7% 0.89% +0.02
FLRN SS SPDR BB Ig Float RT ETF Add +3.9% 0.27% +0.01
IGSB iShares 1-5Y Inv Grade Corp. Add +4.3% 0.27% +0.01
EWM iShares MSCI Malaysia ETF Add +11.5% 0.31% +0.01
MUB iShares National Muni Bond E Add +3.0% 0.26% +0.01
EWG iShares MSCI Germany ETF Add +5.4% 0.27% +0.00
SVOL Simplify Volatility Premium Add +3.8% 0.62% +0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +4.5% 0.26% +0.00
PFF iShares Preferred & Income S Add +2.2% 0.93% −0.01
EPU iShares MSCI Peru and Global Add +2.1% 0.30% −0.01
EZA iShares MSCI South Africa Et Add +7.7% 0.29% −0.03
VNQ Vanguard Real Estate ETF Add +0.5% 0.44% −0.03
AGNC AGNC Investment Corp. Add +2.5% 1.67% −0.14
KWEB Kranesh Csi China Internet Add +8.9% 15.35% −0.70

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 166$280.7MEWZ, RPV, QQQ, NBIS, SHY
Q1 2026 165$270.8MRPV, EWZ, ADBE, INTC, SHY
Q4 2025 167$225.9MRPV, QQQ, EWA, BBJP, FOXA
Q3 2025 159$221.6MQQQ, AGNC, NLY, BBJP, EWA
Q2 2025 156$210.1MQQQ, NLY, AGNC, IEF, IEI
Q1 2025 144$212.6MQQQ, IEI, SHY, IEF, NLY
Q4 2024 135$287.3MKWEB, RPV, ASHR, SHY, JD
Q3 2024 145$293.6MKWEB, QQQ, BABA, JD, AGNC
Q2 2024 154$281.8MQQQ, HIG, L, COST, ACGL
Q1 2024 142$298.6MRPV, PCAR, URI, PHM, CAH