Mount Lucas Management LP
Long book
$270.8M
Q1 2026
Positions
165
Top-10 weight
34%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
39%
of book per quarter
Strategy in plain words
auto-generated from filingsMount Lucas Management LP is a wealth-management firm allocating client money, running a $270.8M US long book across 165 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: INVESCO S&P 500 PURE VALUE E, ISHARES MSCI BRAZIL ETF, ADOBE INC, INTEL CORP, ISHARES 1-3 YEAR TREASURY BO.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.6%
Q2 2024
+8.1%
Q3 2024
-2.3%
Q4 2024
+4.9%
Q1 2025
+8.4%
Q2 2025
+7.4%
Q3 2025
+3.0%
Q4 2025
-0.9%
Q1 2026
+10.8%
Sector allocation
Financials 31%
Technology 21%
Consumer discretionary 9%
Industrials 9%
Healthcare 7%
Materials 7%
Communications 5%
Services media 4%
Long book by quarter
What does Mount Lucas own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ADBE ADOBE INC | Technology | 35.0K | $8.5M | 3.1% | New |
| INTC INTEL CORP | Technology | 125.0K | $5.5M | 2.0% | New |
| RKT ROCKET COS INC-CLASS A | Financials | 323.0K | $4.6M | 1.7% | +878.8% |
| NBIS NEBIUS GROUP NV | Technology | 40.0K | $4.2M | 1.5% | New |
| IREN IREN LTD | Financials | 100.0K | $3.4M | 1.3% | New |
| T AT&T INC | Communications | 116.1K | $3.4M | 1.2% | +52.9% |
| NEM NEWMONT CORP | Materials | 26.2K | $2.8M | 1.0% | +3.3% |
| COR CENCORA INC | Consumer discretionary | 8.7K | $2.7M | 1.0% | +32.6% |
| L LOEWS CORP | Financials | 25.0K | $2.7M | 1.0% | +191.0% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 12.0K | $2.5M | 0.9% | +39.8% |
| HCA HCA HEALTHCARE INC | Healthcare | 5.0K | $2.4M | 0.9% | +175.3% |
| KGC KINROSS GOLD CORP | Materials | 72.7K | $2.2M | 0.8% | +45.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 8.5K | $2.1M | 0.8% | New |
| VZ VERIZON COMMUNICATIONS INC | Communications | 39.2K | $2.0M | 0.7% | +129.1% |
| IVZ INVESCO LTD | Financials | 79.7K | $1.9M | 0.7% | +67.6% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 6.6K | $1.9M | 0.7% | New |
| DAL DELTA AIR LINES INC | Industrials | 27.2K | $1.8M | 0.7% | +0.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 5.2K | $1.8M | 0.7% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 11.0K | $1.8M | 0.6% | New |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 14.6K | $1.7M | 0.6% | -22.2% |
| CSCO CISCO SYSTEMS INC | Technology | 22.1K | $1.7M | 0.6% | +4.0% |
| GD GENERAL DYNAMICS CORP | Industrials | 4.9K | $1.7M | 0.6% | New |
| GL GLOBE LIFE INC | Financials | 12.1K | $1.7M | 0.6% | +109.3% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 22.3K | $1.6M | 0.6% | New |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 8.8K | $1.6M | 0.6% | +43.3% |
| CME CME GROUP INC | Financials | 5.4K | $1.6M | 0.6% | +5.5% |
| B BARRICK MINING CORP | Materials | 39.1K | $1.6M | 0.6% | +60.3% |
| ROL ROLLINS INC | Services media | 28.5K | $1.5M | 0.6% | New |
| UAL UNITED AIRLINES HOLDINGS INC | Industrials | 16.3K | $1.5M | 0.6% | -19.2% |
| CCL CARNIVAL CORP LTD | Industrials | 57.2K | $1.5M | 0.5% | -2.7% |
| FTAI FTAI AVIATION LTD | Services media | 6.0K | $1.5M | 0.5% | -33.3% |
| NDAQ NASDAQ INC | Financials | 16.9K | $1.4M | 0.5% | +3.8% |
| VRSN VERISIGN INC | Technology | 5.2K | $1.3M | 0.5% | +4.6% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 8.2K | $1.3M | 0.5% | +4.6% |
| RSG REPUBLIC SERVICES INC | Utilities | 5.9K | $1.3M | 0.5% | +3.7% |
| MOH MOLINA HEALTHCARE INC | Financials | 9.5K | $1.3M | 0.5% | Held |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 10.5K | $1.3M | 0.5% | New |
| AEM AGNICO EAGLE MINES LTD | Materials | 6.1K | $1.2M | 0.5% | -36.8% |
| F FORD MOTOR CO | Industrials | 106.8K | $1.2M | 0.5% | New |
| MPC MARATHON PETROLEUM CORP | Energy | 5.0K | $1.2M | 0.5% | New |
| MET METLIFE INC | Financials | 16.1K | $1.1M | 0.4% | -34.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 11.0K | $1.1M | 0.4% | +4.0% |
| GM GENERAL MOTORS CO | Industrials | 14.6K | $1.1M | 0.4% | -48.7% |
| FTI TECHNIPFMC PLC | Industrials | 15.7K | $1.1M | 0.4% | -45.2% |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 14.3K | $1.0M | 0.4% | New |
| PGR PROGRESSIVE CORP | Financials | 5.0K | $991K | 0.4% | -46.3% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 7.1K | $922K | 0.3% | +3.6% |
| TRV TRAVELERS COS INC/THE | Financials | 3.1K | $914K | 0.3% | +3.7% |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 9.8K | $886K | 0.3% | New |
| HIG HARTFORD INSURANCE GROUP INC | Financials | 6.5K | $879K | 0.3% | -2.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 167 | $270.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 171 | $250.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 163 | $243.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 159 | $234.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 150 | $311.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 137 | $287.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 146 | $293.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 158 | $349.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 145 | $366.0M | canonical | SEC ↗ |