Mount Lucas Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Mount Lucas Management LP maintained a portfolio of 172 distinct positions. The most significant new addition to the portfolio was INVESCO S&P 500 PURE, which now represents 8.58% of the total fund value. The fund also reduced its exposure to INVESCO QQQ TRUST SE by 76.2%.
PCA Score Concentration Risk
Risk ENB
Total Positions
172
Quarter
2025 Q4
Top Holding
RPV (8.6%)
Top 10 Concentration
26.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 172
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
RPV
INVESCO S&P 500...
Unknown 8.58% #1
Prev: #—
8.9 207,662 no change
NEW
207,662 $21,463,944 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES MSCI BR...
CALL
CALL Option 4.07% 4.07% #2
Prev: #2
4.1 no change no change
P
S
320,000 $10,166,400 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TRU...
ETF 2.80% 11.80% #3 2
Prev: #1
2.1 -36,445 -76.2%
P
S
11,402 $7,004,363 2005 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RKT
ROCKET COS INC-...
CALL
CALL Option 2.25% 2.39% #4
Prev: #4
1.9 -10,000 -3.3%
P
S
290,000 $5,614,400 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INTC
INTEL CORP
CALL
CALL Option 1.84% 2.51% #5 2
Prev: #3
1.2 -57,500 -31.5%
P
S
125,000 $4,612,500 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EWA
ISHARES MSCI AU...
ETF 1.56% 1.51% #6 2
Prev: #8
2.6 13,533 10.0%
P
S
149,394 $3,912,629 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BBJP
JPMORGAN BETABU...
ETF 1.55% 1.55% #7
Prev: #7
1.1 1,860 3.3%
P
S
58,734 $3,871,158 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IREN
IREN LTD
CALL
CALL Option 1.51% #8
Prev: #—
4.1 100,000 no change
NEW
100,000 $3,777,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FOXA
FOX CORP - CLAS...
Communication Services 1.27% 1.13% #9 8
Prev: #17
1.0 65 0.1%
P
S
43,623 $3,187,533 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AGNC
AGNC INVESTMENT...
Real Estate 1.20% 1.84% #10 5
Prev: #5
0.5 -177,100 -38.8%
P
S
279,900 $3,000,528 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BKLN
INVESCO SENIOR ...
ETF 1.20% 1.18% #11
Prev: #11
1.0 5,436 4.0%
P
S
142,370 $2,989,770 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PFF
ISHARES PREFERR...
ETF 1.19% 1.18% #12 2
Prev: #10
2.5 5,425 6.0%
P
S
96,463 $2,986,494 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
REM
ISHARES MORTGAG...
ETF 1.19% 1.15% #13 1
Prev: #12
2.5 6,584 5.2%
P
S
133,622 $2,963,736 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NLY
ANNALY CAPITAL ...
Real Estate 1.18% 1.80% #14 8
Prev: #6
0.5 -85,000 -39.2%
P
S
132,000 $2,951,520 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CWB
SS SPDR BB CONV...
ETF 1.17% 1.23% #15 6
Prev: #9
1.0 -246 -0.7%
P
S
32,838 $2,929,150 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DWX
STATE STREET SP...
ETF 1.15% 1.12% #16 5
Prev: #21
1.0 1,817 2.9%
P
S
65,416 $2,874,072 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EMHY
ISHARES J.P. MO...
ETF 1.14% 1.12% #17 3
Prev: #20
1.0 1,745 2.5%
P
S
70,601 $2,850,162 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PBP
INVESCO S&P 500...
ETF 1.14% 1.13% #18 2
Prev: #16
1.0 19 0.0%
P
S
124,366 $2,839,238 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EMB
ISHARES JP MORG...
ETF 1.13% 1.13% #19 5
Prev: #14
1.0 418 1.4%
P
S
29,393 $2,829,958 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VYM
VANGUARD HIGH D...
ETF 1.12% 1.14% #20 7
Prev: #13
0.9 -83 -0.4%
P
S
19,530 $2,802,946 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NEM
NEWMONT CORP
Basic Materials 1.01% 0.88% #21 4
Prev: #25
0.9 -81 -0.3%
P
S
25,379 $2,534,093 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GM
GENERAL MOTORS ...
Consumer Cyclical 0.93% 0.71% #22 15
Prev: #37
0.9 271 1.0%
P
S
28,497 $2,317,376 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UAL
UNITED AIRLINES...
Industrials 0.90% 0.81% #23 8
Prev: #31
0.9 -130 -0.6%
P
S
20,212 $2,260,106 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COR
CENCORA INC
Healthcare 0.88% 0.84% #24 3
Prev: #27
0.9 -39 -0.6%
P
S
6,536 $2,207,534 2013 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BK
BANK OF NEW YOR...
Financial Services 0.87% 0.84% #25 3
Prev: #28
0.8 39 0.2%
P
S
18,731 $2,174,482 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PGR
PROGRESSIVE COR...
Financial Services 0.85% 0.96% #26 4
Prev: #22
0.8 -120 -1.3%
P
S
9,309 $2,119,845 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WELL
WELLTOWER INC
Real Estate 0.85% 0.83% #27 2
Prev: #29
0.8 14 0.1%
P
S
11,396 $2,115,212 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GHYG
ISHARES US&INTL...
ETF 0.80% 0.79% #28 7
Prev: #35
2.3 2,102 5.1%
P
S
43,238 $1,994,569 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SHY
ISHARES 1-3 YEA...
ETF 0.80% 1.13% #29 11
Prev: #18
0.3 -9,074 -27.4%
P
S
24,034 $1,990,496 2014 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SHYG
ISHARES 0-5 YR ...
ETF 0.79% 0.79% #30 6
Prev: #36
0.8 2,148 4.9%
P
S
46,362 $1,987,539 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JNK
SS SPDR BB HIGH...
ETF 0.79% 0.79% #31 3
Prev: #34
0.8 842 4.3%
P
S
20,429 $1,985,903 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HYGV
FLEXSHARES HIGH...
ETF 0.79% 0.79% #32 1
Prev: #33
0.8 2,079 4.5%
P
S
48,685 $1,983,183 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IEI
ISHARES 3-7 YEA...
ETF 0.79% 1.13% #33 14
Prev: #19
0.3 -6,350 -27.7%
P
S
16,603 $1,981,568 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FALN
ISHARES FALLEN ...
ETF 0.79% 0.80% #34 2
Prev: #32
0.8 2,477 3.5%
P
S
72,374 $1,975,810 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IEF
ISHARES 7-10 YE...
ETF 0.79% 1.13% #35 20
Prev: #15
0.3 -8,093 -28.3%
P
S
20,479 $1,969,261 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MET
METLIFE INC
Financial Services 0.78% 0.83% #36 6
Prev: #30
0.8 180 0.7%
P
S
24,578 $1,940,187 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
T
AT&T INC
Communication Services 0.75% 0.88% #37 11
Prev: #26
0.8 81 0.1%
P
S
75,942 $1,886,399 2005 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DAL
DELTA AIR LINES...
Industrials 0.75% 0.63% #38 7
Prev: #45
0.8 279 1.0%
P
S
27,128 $1,882,683 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CCL
CARNIVAL CORP
Consumer Cyclical 0.72% 0.69% #39 1
Prev: #38
0.8 444 0.8%
P
S
58,724 $1,793,431 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FTAI
FTAI AVIATION L...
Industrials 0.71% 0.55% #40 18
Prev: #58
2.3 1,000 12.5%
P
S
9,000 $1,771,650 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IWD
ISHARES RUSSELL...
ETF 0.71% #41
Prev: #—
3.8 8,407 no change
NEW
8,407 $1,768,328 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CAH
CARDINAL HEALTH...
Healthcare 0.71% 0.55% #42 15
Prev: #57
0.8 3 0.0%
P
S
8,592 $1,765,656 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 0.70% 0.66% #43 2
Prev: #41
0.8 -17 -0.1%
P
S
15,668 $1,745,572 2005 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MOH
MOLINA HEALTHCA...
Healthcare 0.66% #44
Prev: #—
3.8 9,500 no change
NEW
9,500 $1,648,630 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSCO
CISCO SYSTEMS I...
Technology 0.66% 0.60% #45 3
Prev: #48
0.8 68 0.3%
P
S
21,291 $1,640,046 2007 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AEM
AGNICO EAGLE MI...
Basic Materials 0.65% 0.68% #46 7
Prev: #39
0.8 -163 -1.7%
P
S
9,621 $1,631,048 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRS
NORTHERN TRUST ...
Financial Services 0.65% 0.65% #47 4
Prev: #43
0.8 34 0.3%
P
S
11,873 $1,621,733 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WAB
WABTEC CORP
Industrials 0.63% 0.61% #48 2
Prev: #46
0.8 -11 -0.1%
P
S
7,436 $1,587,214 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NDAQ
NASDAQ INC
Financial Services 0.63% 0.59% #49 1
Prev: #50
0.8 6 0.0%
P
S
16,293 $1,582,539 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES MSCI BR...
ETF 0.63% 0.66% #50 8
Prev: #42
0.8 -1,946 -3.8%
P
S
49,605 $1,575,951 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 172 holdings

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