LEUTHOLD GROUP, LLC
Long book
$938.7M
Q1 2026
Positions
211
Top-10 weight
18%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsLEUTHOLD GROUP, LLC is an institutional manager, running a $938.7M US long book across 211 positions.
The portfolio is broadly diversified across 211 positions (top 10 only 18%). Turnover is modest: positions are typically held for years. Current anchor positions: DIR DLY SP 500 BR 1X ETF-USI, ALPHABET INC-CL A, STATE STREET SPDR BLOOMBERG, MICROSOFT CORP, JABIL INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.8%
Q2 2024
+6.9%
Q3 2024
-2.6%
Q4 2024
-0.2%
Q1 2025
+10.2%
Q2 2025
+7.2%
Q3 2025
+1.1%
Q4 2025
+0.2%
Q1 2026
+10.6%
Sector allocation
Technology 23%
Industrials 20%
Financials 16%
Healthcare 13%
Consumer discretionary 8%
Materials 7%
Services media 7%
Energy 3%
Long book by quarter
What does LEUTHOLD GROUP, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 66.4K | $19.1M | 2.0% | -1.8% |
| MSFT MICROSOFT CORP | Technology | 48.2K | $17.8M | 1.9% | -5.0% |
| JBL JABIL INC | Technology | 58.9K | $15.7M | 1.7% | -5.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 18.3K | $15.5M | 1.7% | +1.3% |
| MCK MCKESSON CORP | Consumer discretionary | 16.2K | $14.0M | 1.5% | +0.9% |
| KGC KINROSS GOLD CORP | Materials | 457.9K | $14.0M | 1.5% | -3.9% |
| FDX FEDEX CORP | Industrials | 38.5K | $13.7M | 1.5% | +2.0% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 64.4K | $13.6M | 1.4% | +1.6% |
| FLEX FLEX LTD | Technology | 200.4K | $13.1M | 1.4% | -2.5% |
| CSCO CISCO SYSTEMS INC | Technology | 157.6K | $12.2M | 1.3% | +1.7% |
| MS MORGAN STANLEY | Financials | 71.0K | $11.7M | 1.2% | +1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 20.1K | $11.5M | 1.2% | +0.8% |
| IAG IAMGOLD CORP | Materials | 580.5K | $10.9M | 1.2% | -5.4% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 108.5K | $10.7M | 1.1% | +2.1% |
| COR CENCORA INC | Consumer discretionary | 31.3K | $9.8M | 1.0% | +1.2% |
| C CITIGROUP INC | Financials | 85.0K | $9.6M | 1.0% | +2.0% |
| JPM JPMORGAN CHASE & CO | Financials | 32.7K | $9.6M | 1.0% | +1.7% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 41.0K | $8.6M | 0.9% | +1.6% |
| HCA HCA HEALTHCARE INC | Healthcare | 18.1K | $8.5M | 0.9% | +0.7% |
| MGA MAGNA INTERNATIONAL INC | Industrials | 149.3K | $8.3M | 0.9% | +1.4% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 87.7K | $8.3M | 0.9% | +1.4% |
| BAC BANK OF AMERICA CORP | Financials | 165.0K | $8.0M | 0.9% | +1.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 32.7K | $8.0M | 0.9% | +2.4% |
| NVDA NVIDIA CORP | Technology | 45.3K | $7.9M | 0.8% | New |
| DBK DEUTSCHE BANK AG-REGISTERED | — | 264.5K | $7.9M | 0.8% | +1.3% |
| GILD GILEAD SCIENCES INC | Healthcare | 56.1K | $7.8M | 0.8% | +1.9% |
| AMGN AMGEN INC | Healthcare | 21.6K | $7.6M | 0.8% | +0.9% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 9.8K | $7.6M | 0.8% | +3.6% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 16.5K | $7.3M | 0.8% | +0.3% |
| PRIM PRIMORIS SERVICES CORP | Industrials | 50.9K | $7.3M | 0.8% | +2.9% |
| LAUR LAUREATE EDUCATION INC | Services media | 207.3K | $7.2M | 0.8% | +1.6% |
| SLB SLB LTD | Energy | 134.5K | $6.9M | 0.7% | +2.0% |
| EME EMCOR GROUP INC | Industrials | 9.2K | $6.8M | 0.7% | +3.3% |
| BKR BAKER HUGHES CO | Industrials | 106.5K | $6.5M | 0.7% | +761.4% |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 10.7K | $6.4M | 0.7% | +0.6% |
| THC TENET HEALTHCARE CORP | Healthcare | 33.2K | $6.3M | 0.7% | +1.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 103.2K | $6.3M | 0.7% | +2.2% |
| AEM AGNICO EAGLE MINES LTD | Materials | 30.7K | $6.2M | 0.7% | +2.1% |
| FFIV F5 INC | Technology | 21.5K | $6.2M | 0.7% | +3.6% |
| GTX GARRETT MOTION INC | Industrials | 341.3K | $6.2M | 0.7% | +2.4% |
| MA MASTERCARD INC - A | Services media | 12.3K | $6.2M | 0.7% | -21.1% |
| BIIB BIOGEN INC | Healthcare | 33.1K | $6.1M | 0.6% | +1.7% |
| MRK MERCK & CO. INC. | Healthcare | 50.4K | $6.1M | 0.6% | +2.3% |
| EGO ELDORADO GOLD CORP | Materials | 174.2K | $6.0M | 0.6% | -0.2% |
| LEA LEAR CORP | Industrials | 48.2K | $5.8M | 0.6% | +1.5% |
| ALV AUTOLIV INC | Industrials | 55.4K | $5.8M | 0.6% | +1.5% |
| NTCT NETSCOUT SYSTEMS INC | Technology | 182.9K | $5.8M | 0.6% | +1.6% |
| APTV APTIV PLC | Industrials | 82.2K | $5.7M | 0.6% | +1.5% |
| DY DYCOM INDUSTRIES INC | Industrials | 16.7K | $5.7M | 0.6% | +3.7% |
| DELL DELL TECHNOLOGIES -C | Technology | 34.2K | $5.6M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 211 | $938.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 207 | $926.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 205 | $914.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 206 | $837.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 201 | $770.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 191 | $832.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 172 | $899.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 180 | $865.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 178 | $888.0M | canonical | SEC ↗ |
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