Mount Lucas Management LP's Q2 2023 13F: 59 new positions, 31 exits
Form 13F-HR for the quarter ended Jun 30, 2023 · filed Aug 14, 2023 · 137 reported positions · accession 0001140361-23-039524
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | INVESCO S&P 500 PURE VALUE E (RPV) | — | 9.0% | +9.0 pts | +324K sh | new |
| Exited | INVESCO QQQ TRUST SERIES 1 (QQQ) | 8.9% | — | −8.9 pts | −81,482 sh | −100% |
| Reduced | ISHARES 1-3 YEAR TREASURY BO (SHY) | 11.8% | 4.8% | −7.0 pts | −256K sh | −61% |
| New | CARDINAL HEALTH INC (CAH) | — | 2.1% | +2.1 pts | +61,866 sh | new |
| Reduced | MARATHON PETROLEUM CORP (MPC) | 2.9% | 1.3% | −1.6 pts | −33,136 sh | −52% |
| Exited | NUCOR CORP (NUE) | 1.3% | — | −1.3 pts | −24,890 sh | −100% |
| New | DELTA AIR LINES INC (DAL) | — | 1.3% | +1.3 pts | +75,353 sh | new |
| Reduced | DIAMONDBACK ENERGY INC (FANG) | 2.1% | 0.8% | −1.2 pts | −27,181 sh | −61% |
| Reduced | EXXON MOBIL CORP (XOM) | 2.4% | 1.2% | −1.2 pts | −32,842 sh | −51% |
| New | AMERICAN AIRLINES GROUP INC (AAL) | — | 1.2% | +1.2 pts | +191K sh | new |
| Exited | GENERAL MILLS INC (GIS) | 1.2% | — | −1.2 pts | −40,331 sh | −100% |
| Reduced | HEWLETT PACKARD ENTERPRISE (HPE) | 1.8% | 0.9% | −0.9 pts | −191K sh | −56% |
| Increased | UNITED AIRLINES HOLDINGS INC (UAL) | 0.2% | 1.4% | +1.2 pts | +57,484 sh | +498% |
| New | PACCAR INC (PCAR) | — | 1.1% | +1.1 pts | +37,462 sh | new |
| New | PULTEGROUP INC (PHM) | — | 1.1% | +1.1 pts | +40,149 sh | new |
| Reduced | PHILLIPS 66 (PSX) | 2.1% | 1.0% | −1.1 pts | −31,616 sh | −52% |
| New | ISHARES MSCI AUSTRALIA ETF (EWA) | — | 1.1% | +1.1 pts | +132K sh | new |
| Reduced | VALERO ENERGY CORP (VLO) | 2.5% | 1.2% | −1.4 pts | −25,439 sh | −48% |
| Reduced | AMERICAN INTERNATIONAL GROUP (AIG) | 1.6% | 0.8% | −0.7 pts | −51,490 sh | −57% |
| Exited | PEPSICO INC (PEP) | 1.1% | — | −1.1 pts | −17,056 sh | −100% |
| New | MGM RESORTS INTERNATIONAL (MGM) | — | 1.1% | +1.1 pts | +66,736 sh | new |
| Exited | ABBVIE INC (ABBV) | 1.1% | — | −1.1 pts | −19,370 sh | −100% |
| Reduced | APA CORP (APA) | 1.9% | 0.8% | −1.0 pts | −84,675 sh | −56% |
| Exited | AMERISOURCEBERGEN CORP (COR) | 1.0% | — | −1.0 pts | −19,066 sh | −100% |
| Exited | REPUBLIC SERVICES INC (RSG) | 1.0% | — | −1.0 pts | −22,380 sh | −100% |
| New | FORD MOTOR CO (F) | — | 1.0% | +1.0 pts | +186K sh | new |
| New | UNITED RENTALS INC (URI) | — | 1.0% | +1.0 pts | +6,326 sh | new |
| Reduced | OCCIDENTAL PETROLEUM CORP (OXY) | 2.0% | 1.0% | −1.0 pts | −46,204 sh | −50% |
| Exited | UNITEDHEALTH GROUP INC (UNH) | 1.0% | — | −1.0 pts | −6,022 sh | −100% |
| New | LAMB WESTON HOLDINGS INC (LW) | — | 1.0% | +1.0 pts | +23,217 sh | new |
| New | MCDONALD'S CORP (MCD) | — | 1.0% | +1.0 pts | +8,919 sh | new |
| Exited | INVESCO NASDAQ 100 ETF (QQQM) | 1.0% | — | −1.0 pts | −21,262 sh | −100% |
| Exited | COCA-COLA CO/THE (KO) | 1.0% | — | −1.0 pts | −45,215 sh | −100% |
| Reduced | ARCHER-DANIELS-MIDLAND CO (ADM) | 1.7% | 0.7% | −1.0 pts | −35,049 sh | −57% |
| New | BOSTON SCIENTIFIC CORP (BSX) | — | 1.0% | +1.0 pts | +48,868 sh | new |
| New | O'REILLY AUTOMOTIVE INC (ORLY) | — | 0.9% | +0.9 pts | +2,732 sh | new |
| New | AUTOZONE INC (AZO) | — | 0.9% | +0.9 pts | +1,045 sh | new |
| Exited | KELLOGG CO (K) | 0.9% | — | −0.9 pts | −40,906 sh | −100% |
| New | SPDR BLOOMBERG CONVERTIBLE S (CWB) | — | 0.9% | +0.9 pts | +36,960 sh | new |
| Exited | WR BERKLEY CORP (WRB) | 0.9% | — | −0.9 pts | −43,781 sh | −100% |
| New | MONSTER BEVERAGE CORP (MNST) | — | 0.9% | +0.9 pts | +44,082 sh | new |
| New | GENERAL MOTORS CO (GM) | — | 0.9% | +0.9 pts | +65,572 sh | new |
| New | JM SMUCKER CO/THE (SJM) | — | 0.9% | +0.9 pts | +17,088 sh | new |
| New | MONDELEZ INTERNATIONAL INC-A (MDLZ) | — | 0.9% | +0.9 pts | +33,778 sh | new |
| New | LENNAR CORP-A (LEN) | — | 0.9% | +0.9 pts | +19,567 sh | new |
| New | HCA HEALTHCARE INC (HCA) | — | 0.9% | +0.9 pts | +7,987 sh | new |
| Exited | TRAVELERS COS INC/THE (TRV) | 0.9% | — | −0.9 pts | −14,692 sh | −100% |
| New | HUMANA INC (HUM) | — | 0.9% | +0.9 pts | +5,305 sh | new |
| New | ISHARES RUSSELL 1000 VALUE E (IWD) | — | 0.9% | +0.9 pts | +15,005 sh | new |
| Exited | LYONDELLBASELL INDU-CL A (LYB) | 0.8% | — | −0.8 pts | −25,705 sh | −100% |
The 50 largest of 167 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 — 28.2% of the equity book
Changes in the top 10 this quarter: RPV entered · CI entered · CAH entered · EQT entered · MCK entered · IEI entered · UAL entered · DAL entered · QQQ left · VLO left · XOM left · PSX left · FANG left · OXY left · APA left · HPE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | INVESCO S&P 500 PURE VALUE E (RPV) | 0.0% | 9.0% | Entered the top 10 |
| 2 | ISHARES 1-3 YEAR TREASURY BO (SHY) | 11.8% | 4.8% | |
| 3 | THE CIGNA GROUP (CI) | 1.6% | 2.5% | Entered the top 10 |
| 4 | CARDINAL HEALTH INC (CAH) | 0.0% | 2.1% | Entered the top 10 |
| 5 | EQT CORP (EQT) | 1.0% | 2.0% | Entered the top 10 |
| 6 | MCKESSON CORP (MCK) | 1.0% | 2.0% | Entered the top 10 |
| 7 | ISHARES 3-7 YEAR TREASURY BO (IEI) | 1.0% | 1.8% | Entered the top 10 |
| 8 | UNITED AIRLINES HOLDINGS INC (UAL) | 0.2% | 1.4% | Entered the top 10 |
| 9 | DELTA AIR LINES INC (DAL) | 0.0% | 1.3% | Entered the top 10 |
| 10 | MARATHON PETROLEUM CORP (MPC) | 2.9% | 1.3% | |
| — | INVESCO QQQ TRUST SERIES 1 (QQQ) | 8.9% | 0.0% | Left the top 10 |
| — | VALERO ENERGY CORP (VLO) | 2.5% | 1.2% | Left the top 10 |
| — | EXXON MOBIL CORP (XOM) | 2.4% | 1.2% | Left the top 10 |
| — | PHILLIPS 66 (PSX) | 2.1% | 1.0% | Left the top 10 |
| — | DIAMONDBACK ENERGY INC (FANG) | 2.1% | 0.8% | Left the top 10 |
| — | OCCIDENTAL PETROLEUM CORP (OXY) | 2.0% | 1.0% | Left the top 10 |
| — | APA CORP (APA) | 1.9% | 0.8% | Left the top 10 |
| — | HEWLETT PACKARD ENTERPRISE (HPE) | 1.8% | 0.9% | 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 | ISHARES MSCI EMERGING MARKET (NYC) | Call | 1.3M | 0 | $0 |
| Exited | SEA LTD-ADR (SE) | Call | 120K | 0 | $0 |