Mount Lucas Management LP's Q4 2021 13F: 60 new positions, 38 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 14, 2022 · 129 reported positions · accession 0001567619-22-004139
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | ISHARES 1-3 YEAR TREASURY BO (SHY) | 6.1% | 12.5% | +6.4 pts | +287K sh | +127% |
| Reduced | MORGAN STANLEY (MS) | 3.8% | 1.4% | −2.3 pts | −71,890 sh | −58% |
| Exited | SPDR BLOOMBERG CONVERTIBLE S (CWB) | 1.7% | — | −1.7 pts | −64,518 sh | −100% |
| Reduced | LENNAR CORP-A (LEN) | 2.6% | 1.3% | −1.3 pts | −48,254 sh | −55% |
| Reduced | DR HORTON INC (DHI) | 2.5% | 1.3% | −1.2 pts | −50,860 sh | −55% |
| Exited | EBAY INC (EBAY) | 1.5% | — | −1.5 pts | −68,781 sh | −100% |
| Reduced | TARGET CORP (TGT) | 2.3% | 0.7% | −1.7 pts | −22,391 sh | −69% |
| Increased | ISHARES 7-10 YEAR TREASURY B (IEF) | 0.1% | 1.6% | +1.5 pts | +44,892 sh | +1686% |
| Exited | DAVITA INC (DVA) | 1.4% | — | −1.4 pts | −39,080 sh | −100% |
| Reduced | CIGNA CORP (CI) | 2.4% | 1.1% | −1.3 pts | −21,228 sh | −57% |
| Exited | UNITEDHEALTH GROUP INC (UNH) | 1.4% | — | −1.4 pts | −11,185 sh | −100% |
| Reduced | PULTEGROUP INC (PHM) | 2.3% | 1.2% | −1.1 pts | −83,542 sh | −52% |
| Exited | KROGER CO (KR) | 1.4% | — | −1.4 pts | −106K sh | −100% |
| Increased | HP INC (HPQ) | 1.1% | 2.7% | +1.6 pts | +124K sh | +101% |
| Reduced | ALLSTATE CORP (ALL) | 2.9% | 1.1% | −1.8 pts | −39,568 sh | −55% |
| New | RAYMOND JAMES FINANCIAL INC (RJF) | — | 1.3% | +1.3 pts | +45,421 sh | new |
| New | NUCOR CORP (NUE) | — | 1.3% | +1.3 pts | +39,511 sh | new |
| Exited | QUEST DIAGNOSTICS INC (DGX) | 1.3% | — | −1.3 pts | −27,621 sh | −100% |
| New | CVS HEALTH CORP (CVS) | — | 1.3% | +1.3 pts | +42,574 sh | new |
| New | HEWLETT PACKARD ENTERPRISE (HPE) | — | 1.3% | +1.3 pts | +278K sh | new |
| Exited | ISHARES J.P. MORGAN EM HIGH (EMHY) | 1.3% | — | −1.3 pts | −89,333 sh | −100% |
| New | FREEPORT-MCMORAN INC (FCX) | — | 1.2% | +1.2 pts | +104K sh | new |
| New | TYSON FOODS INC-CL A (TSN) | — | 1.2% | +1.2 pts | +48,922 sh | new |
| Increased | MOSAIC CO/THE (MOS) | 1.4% | 2.6% | +1.2 pts | +106K sh | +86% |
| New | AMERICAN INTERNATIONAL GROUP (AIG) | — | 1.2% | +1.2 pts | +72,597 sh | new |
| Exited | ISHARES US&INTL HIGH YIELD C (GHYG) | 1.2% | — | −1.2 pts | −74,405 sh | −100% |
| New | ARCHER-DANIELS-MIDLAND CO (ADM) | — | 1.2% | +1.2 pts | +60,483 sh | new |
| New | LKQ CORP (LKQ) | — | 1.2% | +1.2 pts | +68,092 sh | new |
| New | PRINCIPAL FINANCIAL GROUP (PFG) | — | 1.2% | +1.2 pts | +56,460 sh | new |
| New | METLIFE INC (MET) | — | 1.2% | +1.2 pts | +64,858 sh | new |
| New | DISCOVER FINANCIAL SERVICES (DFS) | — | 1.1% | +1.1 pts | +34,818 sh | new |
| New | HARTFORD FINANCIAL SVCS GRP (HIG) | — | 1.1% | +1.1 pts | +57,270 sh | new |
| Exited | CENTENE CORP (CNC) | 1.1% | — | −1.1 pts | −57,437 sh | −100% |
| Exited | PROGRESSIVE CORP (PGR) | 1.1% | — | −1.1 pts | −38,636 sh | −100% |
| Exited | MASCO CORP (MAS) | 1.1% | — | −1.1 pts | −62,741 sh | −100% |
| New | SYNCHRONY FINANCIAL (SYF) | — | 1.1% | +1.1 pts | +82,817 sh | new |
| New | CAPITAL ONE FINANCIAL CORP (COF) | — | 1.1% | +1.1 pts | +26,225 sh | new |
| New | INVESCO LTD (IVZ) | — | 1.1% | +1.1 pts | +164K sh | new |
| Exited | HUMANA INC (HUM) | 1.0% | — | −1.0 pts | −8,486 sh | −100% |
| Exited | CONAGRA BRANDS INC (CAG) | 1.0% | — | −1.0 pts | −97,282 sh | −100% |
| Exited | ISHARES JP MORGAN USD EMERGI (EMB) | 1.0% | — | −1.0 pts | −29,192 sh | −100% |
| Increased | BATH & BODY WORKS INC (BBWI) | 1.2% | 2.2% | +1.0 pts | +50,229 sh | +80% |
| Exited | NEWMONT CORP (NEM) | 1.0% | — | −1.0 pts | −57,360 sh | −100% |
| New | MID-AMERICA APARTMENT COMM (MAA) | — | 0.9% | +0.9 pts | +13,961 sh | new |
| Reduced | BEST BUY CO INC (BBY) | 2.2% | 1.0% | −1.2 pts | −31,468 sh | −47% |
| New | PUBLIC STORAGE (PSA) | — | 0.9% | +0.9 pts | +8,513 sh | new |
| New | EXTRA SPACE STORAGE INC (EXR) | — | 0.9% | +0.9 pts | +13,989 sh | new |
| New | PROLOGIS INC (PLD) | — | 0.9% | +0.9 pts | +18,769 sh | new |
| New | ACCENTURE PLC-CL A (ACN) | — | 0.9% | +0.9 pts | +7,602 sh | new |
| New | DUKE REALTY CORP (DRE) | — | 0.9% | +0.9 pts | +47,885 sh | new |
The 50 largest of 166 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 29.7% of the equity book
Changes in the top 10 this quarter: HPQ entered · MOS entered · BBWI entered · IEF entered · HCA entered · BKLN entered · PFF entered · ALL left · LEN left · DHI left · CI left · TGT left · PHM left · BBY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ISHARES 1-3 YEAR TREASURY BO (SHY) | 6.1% | 12.5% | |
| 2 | HP INC (HPQ) | 1.1% | 2.7% | Entered the top 10 |
| 3 | MOSAIC CO/THE (MOS) | 1.4% | 2.6% | Entered the top 10 |
| 4 | WHIRLPOOL CORP (WHR) | 2.3% | 2.3% | |
| 5 | BATH & BODY WORKS INC (BBWI) | 1.2% | 2.2% | Entered the top 10 |
| 6 | ISHARES 7-10 YEAR TREASURY B (IEF) | 0.1% | 1.6% | Entered the top 10 |
| 7 | HCA HEALTHCARE INC (HCA) | 1.6% | 1.5% | Entered the top 10 |
| 8 | INVESCO SENIOR LOAN ETF (BKLN) | 1.8% | 1.4% | Entered the top 10 |
| 9 | ISHARES PREFERRED & INCOME S (PFF) | 1.8% | 1.4% | Entered the top 10 |
| 10 | MORGAN STANLEY (MS) | 3.8% | 1.4% | |
| — | ALLSTATE CORP (ALL) | 2.9% | 1.1% | Left the top 10 |
| — | LENNAR CORP-A (LEN) | 2.6% | 1.3% | Left the top 10 |
| — | DR HORTON INC (DHI) | 2.5% | 1.3% | Left the top 10 |
| — | CIGNA CORP (CI) | 2.4% | 1.1% | Left the top 10 |
| — | TARGET CORP (TGT) | 2.3% | 0.7% | Left the top 10 |
| — | PULTEGROUP INC (PHM) | 2.3% | 1.2% | Left the top 10 |
| — | BEST BUY CO INC (BBY) | 2.2% | 1.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | KRANESHARES CSI CHINA INTERN (KBUF) | Call | 300K | 0 | $0 |