Mount Lucas Management LP's Q4 2022 13F: 37 new positions, 23 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 14, 2023 · 107 reported positions · accession 0001140361-23-006693
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ISHARES 1-3 YEAR TREASURY BO (SHY) | 27.7% | 8.7% | −19.0 pts | −663K sh | −67% |
| New | SCHWAB SHORT-TERM US TREAS (SCHO) | — | 11.8% | +11.8 pts | +744K sh | new |
| New | CIGNA CORP (CI) | — | 1.9% | +1.9 pts | +17,655 sh | new |
| Increased | ISHARES RUSSELL 1000 VALUE E (IWD) | 0.7% | 2.6% | +1.9 pts | +36,561 sh | +237% |
| Reduced | NUCOR CORP (NUE) | 2.2% | 1.1% | −1.2 pts | −35,730 sh | −59% |
| Reduced | HP INC (HPQ) | 1.5% | 0.2% | −1.4 pts | −158K sh | −89% |
| Reduced | RAYMOND JAMES FINANCIAL INC (RJF) | 1.3% | 0.0% | −1.3 pts | −38,827 sh | −99% |
| Reduced | METLIFE INC (MET) | 2.0% | 0.9% | −1.1 pts | −56,658 sh | −60% |
| Reduced | TYSON FOODS INC-CL A (TSN) | 1.6% | 0.2% | −1.4 pts | −61,969 sh | −89% |
| Reduced | HARTFORD FINANCIAL SVCS GRP (HIG) | 1.8% | 0.9% | −0.9 pts | −49,918 sh | −59% |
| Increased | CONOCOPHILLIPS (COP) | 0.3% | 1.5% | +1.2 pts | +30,501 sh | +348% |
| Increased | EXXON MOBIL CORP (XOM) | 0.9% | 2.2% | +1.3 pts | +31,757 sh | +108% |
| New | MARATHON OIL CORP (MRO) | — | 1.1% | +1.1 pts | +129K sh | new |
| Reduced | CVS HEALTH CORP (CVS) | 2.0% | 0.8% | −1.3 pts | −36,987 sh | −60% |
| New | CHEVRON CORP (CVX) | — | 1.1% | +1.1 pts | +18,917 sh | new |
| Increased | COTERRA ENERGY INC (CTRA) | 0.3% | 1.3% | +1.1 pts | +137K sh | +452% |
| Increased | VALERO ENERGY CORP (VLO) | 0.9% | 2.1% | +1.2 pts | +25,604 sh | +99% |
| Increased | APA CORP (APA) | 0.9% | 2.2% | +1.3 pts | +68,719 sh | +88% |
| Increased | MARATHON PETROLEUM CORP (MPC) | 1.1% | 2.3% | +1.2 pts | +27,414 sh | +82% |
| New | AFLAC INC (AFL) | — | 1.0% | +1.0 pts | +43,998 sh | new |
| New | GLOBE LIFE INC (GL) | — | 1.0% | +1.0 pts | +26,240 sh | new |
| New | JOHNSON & JOHNSON (JNJ) | — | 1.0% | +1.0 pts | +17,755 sh | new |
| New | MCKESSON CORP (MCK) | — | 1.0% | +1.0 pts | +8,275 sh | new |
| New | PROGRESSIVE CORP (PGR) | — | 1.0% | +1.0 pts | +23,883 sh | new |
| Increased | PHILLIPS 66 (PSX) | 0.8% | 2.0% | +1.2 pts | +29,440 sh | +105% |
| New | JACK HENRY & ASSOCIATES INC (JKHY) | — | 1.0% | +1.0 pts | +17,040 sh | new |
| New | EQT CORP (EQT) | — | 1.0% | +1.0 pts | +88,153 sh | new |
| Reduced | LKQ CORP (LKQ) | 0.9% | 0.0% | −0.9 pts | −55,692 sh | −99% |
| New | GENUINE PARTS CO (GPC) | — | 1.0% | +1.0 pts | +17,125 sh | new |
| New | AMGEN INC (AMGN) | — | 1.0% | +1.0 pts | +11,043 sh | new |
| Reduced | MOTOROLA SOLUTIONS INC (MSI) | 0.9% | 0.0% | −0.9 pts | −11,232 sh | −100% |
| New | BRISTOL-MYERS SQUIBB CO (BMY) | — | 0.9% | +0.9 pts | +39,139 sh | new |
| Reduced | DISCOVER FINANCIAL SERVICES (DFS) | 0.9% | 0.0% | −0.9 pts | −28,495 sh | −99% |
| Reduced | MARSH & MCLENNAN COS (MRSH) | 0.9% | 0.0% | −0.9 pts | −16,746 sh | −100% |
| New | VANGUARD HIGH DVD YIELD ETF (VYM) | — | 0.9% | +0.9 pts | +24,200 sh | new |
| Reduced | PUBLIC STORAGE (PSA) | 0.9% | 0.0% | −0.9 pts | −9,004 sh | −100% |
| Reduced | NASDAQ INC (NDAQ) | 0.8% | 0.0% | −0.8 pts | −41,051 sh | −100% |
| Reduced | INVESCO LTD (IVZ) | 0.6% | 0.0% | −0.6 pts | −137K sh | −100% |
| Exited | DUKE REALTY CORP (DRE) | 0.8% | — | −0.8 pts | −48,562 sh | −100% |
| Exited | FREEPORT-MCMORAN INC (FCX) | 0.8% | — | −0.8 pts | −85,235 sh | −100% |
| Exited | MID-AMERICA APARTMENT COMM (MAA) | 0.8% | — | −0.8 pts | −14,251 sh | −100% |
| Increased | CF INDUSTRIES HOLDINGS INC (CF) | 0.2% | 0.9% | +0.7 pts | +26,323 sh | +464% |
| New | TAIWAN SEMICONDUCTOR-SP ADR (TSM) | — | 0.7% | +0.7 pts | +30,000 sh | new |
| Reduced | EXTRA SPACE STORAGE INC (EXR) | 0.9% | 0.0% | −0.8 pts | −14,265 sh | −100% |
| Exited | CAPITAL ONE FINANCIAL CORP (COF) | 0.7% | — | −0.7 pts | −21,523 sh | −100% |
| Reduced | ARCHER-DANIELS-MIDLAND CO (ADM) | 2.2% | 1.8% | −0.5 pts | −22,448 sh | −28% |
| Exited | ACCENTURE PLC-CL A (ACN) | 0.7% | — | −0.7 pts | −7,697 sh | −100% |
| Exited | WHIRLPOOL CORP (WHR) | 0.7% | — | −0.7 pts | −14,464 sh | −100% |
| Exited | PROLOGIS INC (PLD) | 0.7% | — | −0.7 pts | −19,135 sh | −100% |
| Exited | SYNCHRONY FINANCIAL (SYF) | 0.7% | — | −0.7 pts | −68,501 sh | −100% |
The 50 largest of 129 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 — 44.2% of the equity book
Changes in the top 10 this quarter: SCHO entered · IWD entered · MPC entered · APA entered · XOM entered · VLO entered · PSX entered · CI entered · ADM left · NUE left · MOS left · CVS left · MET left · HIG left · AIG left · HPE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SCHWAB SHORT-TERM US TREAS (SCHO) | 0.0% | 11.8% | Entered the top 10 |
| 2 | ISHARES 1-3 YEAR TREASURY BO (SHY) | 27.7% | 8.7% | |
| 3 | INVESCO S&P 500 PURE VALUE E (RPV) | 8.4% | 8.3% | |
| 4 | ISHARES RUSSELL 1000 VALUE E (IWD) | 0.7% | 2.6% | Entered the top 10 |
| 5 | MARATHON PETROLEUM CORP (MPC) | 1.1% | 2.3% | Entered the top 10 |
| 6 | APA CORP (APA) | 0.9% | 2.2% | Entered the top 10 |
| 7 | EXXON MOBIL CORP (XOM) | 0.9% | 2.2% | Entered the top 10 |
| 8 | VALERO ENERGY CORP (VLO) | 0.9% | 2.1% | Entered the top 10 |
| 9 | PHILLIPS 66 (PSX) | 0.8% | 2.0% | Entered the top 10 |
| 10 | CIGNA CORP (CI) | 0.0% | 1.9% | Entered the top 10 |
| — | ARCHER-DANIELS-MIDLAND CO (ADM) | 2.2% | 1.8% | Left the top 10 |
| — | NUCOR CORP (NUE) | 2.2% | 1.1% | Left the top 10 |
| — | MOSAIC CO/THE (MOS) | 2.2% | 1.5% | Left the top 10 |
| — | CVS HEALTH CORP (CVS) | 2.0% | 0.8% | Left the top 10 |
| — | METLIFE INC (MET) | 2.0% | 0.9% | Left the top 10 |
| — | HARTFORD FINANCIAL SVCS GRP (HIG) | 1.8% | 0.9% | Left the top 10 |
| — | AMERICAN INTERNATIONAL GROUP (AIG) | 1.7% | 1.8% | Left the top 10 |
| — | HEWLETT PACKARD ENTERPRISE (HPE) | 1.6% | 1.7% | 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).