Mount Lucas Management LP

Name: Mount Lucas Management LP 13F holdings, Q4 2024
Creator: Mount Lucas Management LP
Published: 2025-02-07

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

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

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%
FCNCA First Citizens Bcshs Class A	0.19%	260	$549K	Reduce -17.5%
BURL Burlington Stores Inc.	0.19%	1,871	$533K	Reduce -17.4%
EME Emcor Group Inc.	0.18%	1,145	$520K	Reduce -17.5%
ALL Allstate Corp.	0.18%	2,676	$516K	Reduce -17.1%
PGR Progressive Corp.	0.17%	2,058	$493K	Reduce -17.4%
EWI iShares MSCI Italy ETF	0.17%	13,655	$491K	Reduce -30.1%
NCLH Norwegian Cruise Line Holdin	0.16%	18,200	$468K	Reduce -17.5%
RGA Reinsurance Group of America	0.16%	2,146	$458K	Reduce -17.2%
PRU Prudential Financial Inc.	0.16%	3,831	$454K	Reduce -16.6%
INDA iShares MSCI India ETF	0.16%	8,514	$448K	Reduce -42.5%
CAH Cardinal Health Inc.	0.15%	3,754	$444K	Reduce -17.1%
CE Celanese Corp.	0.13%	5,383	$373K	Reduce -6.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.13%	35,000	$363K	No change
DUOL Duolingo	0.12%	1,106	$359K	Reduce -17.5%
ANET Arista Networks Inc.	0.12%	3,148	$348K	Reduce -17.5%
AVGO Broadcom Inc.	0.12%	1,474	$342K	Reduce -17.3%
EWU iShares MSCI United Kingdom	0.12%	9,868	$335K	Reduce -51.2%
WBD Warner Bros Discovery Inc.	0.11%	30,228	$320K	Reduce -17.5%
DASH DoorDash Inc. Class A	0.11%	1,823	$306K	Reduce -17.5%
MGM MGM Resorts International	0.10%	8,595	$298K	Reduce -17.5%
HWM Howmet Aerospace Inc.	0.10%	2,579	$282K	Reduce -17.4%
EWP iShares MSCI Spain ETF	0.09%	8,585	$267K	Reduce -61.7%
GXO Gxo Logistics Inc.	0.09%	6,045	$263K	Reduce -17.5%
HUBS HubSpot Inc.	0.08%	333	$232K	Reduce -17.6%
GREK Global X MSCI Greece ETF	0.08%	5,593	$217K	Reduce -72.6%
DDOG Datadog Inc. Class A	0.08%	1,511	$216K	Reduce -17.4%
MELI MercadoLibre Inc.	0.07%	118	$201K	Reduce -17.5%
WWD Woodward Inc.	0.07%	1,189	$198K	Reduce -17.4%
CRWD CrowdStrike Holdings Inc. Class A	0.07%	558	$191K	Reduce -17.5%
ESTC Elastic NV	0.07%	1,919	$190K	Reduce -17.5%
ZS Zscaler Inc.	0.05%	836	$151K	Reduce -17.5%
SNOW Snowflake Inc.	0.05%	932	$144K	Reduce -17.4%
EWO iShares MSCI Austria ETF	0.04%	5,358	$112K	Reduce -83.6%
SMCI Super Micro Computer Inc.	0.03%	2,803	$85K	Add +726.8%
TKNO Alpha Teknova Inc.	0.03%	9,000	$75K	New

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

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