Mount Lucas Management LP's Q2 2026 13F: 22 new positions, 21 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Aug 10, 2026 · 166 reported positions · accession 0001140361-26-031910
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | INVESCO S&P 500 PURE VALUE E (RPV) | 11.1% | 5.7% | −5.4 pts | −139K sh | −50% |
| New | INVESCO QQQ TRUST SERIES 1 (QQQ) | — | 5.6% | +5.6 pts | +21,204 sh | new |
| Exited | INTEL CORP (INTC) | 2.0% | — | −2.0 pts | −125K sh | −100% |
| Reduced | ROCKET COS INC-CLASS A (RKT) | 1.7% | 0.2% | −1.5 pts | −290K sh | −90% |
| Reduced | ADOBE INC (ADBE) | 3.1% | 1.3% | −1.9 pts | −17,500 sh | −50% |
| Reduced | NEBIUS GROUP NV (NBIS) | 1.5% | 3.0% | +1.4 pts | −10,000 sh | −25% |
| Reduced | ISHARES 7-10 YEAR TREASURY B (IEF) | 1.9% | 0.8% | −1.1 pts | −28,745 sh | −54% |
| Increased | ISHARES 1-3 YEAR TREASURY BO (SHY) | 1.9% | 2.5% | +0.6 pts | +21,788 sh | +35% |
| Increased | ISHARES MORTGAGE REAL ESTATE (REM) | 0.5% | 1.1% | +0.6 pts | +74,824 sh | +119% |
| Reduced | ISHARES RUSSELL 1000 VALUE E (IWD) | 0.9% | 0.5% | −0.4 pts | −6,054 sh | −51% |
| New | INVESCO NASDAQ 100 ETF (QQQM) | — | 0.5% | +0.5 pts | +4,518 sh | new |
| New | GRUPO AEROPORTUARIO SUR-ADR (ASR) | — | 0.4% | +0.4 pts | +4,000 sh | new |
| New | DOUBLEDOWN INTERACTIVE -ADR (DDI) | — | 0.4% | +0.4 pts | +100K sh | new |
| Exited | TECHNIPFMC PLC (FTI) | 0.4% | — | −0.4 pts | −15,663 sh | −100% |
| Reduced | ISHARES 3-7 YEAR TREASURY BO (IEI) | 1.9% | 1.4% | −0.5 pts | −9,206 sh | −21% |
| Increased | VANGUARD REAL ESTATE ETF (VNQ) | 0.2% | 0.6% | +0.4 pts | +9,908 sh | +133% |
| New | IAMGOLD CORP (IAG) | — | 0.3% | +0.3 pts | +57,971 sh | new |
| Increased | PAN AMERICAN SILVER CORP (PAAS) | 0.1% | 0.4% | +0.3 pts | +20,212 sh | +341% |
| New | AUNA SA-CLASS A (AUNA) | — | 0.3% | +0.3 pts | +175K sh | new |
| New | AMERICAN AIRLINES GROUP INC (AAL) | — | 0.3% | +0.3 pts | +44,059 sh | new |
| Exited | VANGUARD GLBL EX-US REAL EST (VNQI) | 0.3% | — | −0.3 pts | −16,921 sh | −100% |
| New | SOUTHWEST AIRLINES CO (LUV) | — | 0.3% | +0.3 pts | +14,561 sh | new |
| New | HUMANA INC (HUM) | — | 0.3% | +0.3 pts | +1,880 sh | new |
| Increased | ISHARES MSCI FRANCE ETF (EWQ) | 0.1% | 0.3% | +0.3 pts | +16,322 sh | +350% |
| Exited | INTERACTIVE BROKERS GRO-CL A (IBKR) | 0.3% | — | −0.3 pts | −10,369 sh | −100% |
| New | CENTENE CORP (CNC) | — | 0.3% | +0.3 pts | +11,204 sh | new |
| Exited | NORTHERN TRUST CORP (NTRS) | 0.3% | — | −0.3 pts | −4,961 sh | −100% |
| New | SANMINA CORP (SANM) | — | 0.3% | +0.3 pts | +2,798 sh | new |
| Increased | TORONTO-DOMINION BANK (TD) | 0.2% | 0.5% | +0.3 pts | +5,798 sh | +87% |
| New | DELL TECHNOLOGIES -C (DELL) | — | 0.2% | +0.2 pts | +1,620 sh | new |
| Increased | INVESCO LTD (IVZ) | 0.7% | 1.0% | +0.3 pts | +26,026 sh | +33% |
| Reduced | NEWMONT CORP (NEM) | 1.0% | 0.6% | −0.4 pts | −7,345 sh | −28% |
| Reduced | AGNICO EAGLE MINES LTD (AEM) | 0.5% | 0.1% | −0.4 pts | −4,393 sh | −72% |
| Exited | US FOODS HOLDING CORP (USFD) | 0.2% | — | −0.2 pts | −7,064 sh | −100% |
| New | HECLA MINING CO (HL) | — | 0.2% | +0.2 pts | +42,303 sh | new |
| Reduced | KINROSS GOLD CORP (KGC) | 0.8% | 0.4% | −0.4 pts | −27,431 sh | −38% |
| New | FIVE BELOW (FIVE) | — | 0.2% | +0.2 pts | +3,553 sh | new |
| New | HEWLETT PACKARD ENTERPRISE (HPE) | — | 0.2% | +0.2 pts | +14,095 sh | new |
| Increased | COEUR MINING INC (CDE) | 0.2% | 0.4% | +0.2 pts | +38,748 sh | +121% |
| Increased | EVERCORE INC - A (EVR) | 0.2% | 0.4% | +0.2 pts | +1,850 sh | +107% |
| New | FIRST MAJESTIC SILVER CORP (AG) | — | 0.2% | +0.2 pts | +36,624 sh | new |
| Exited | CARVANA CO (CVNA) | 0.2% | — | −0.2 pts | −1,865 sh | −100% |
| Exited | EXELIXIS INC (EXEL) | 0.2% | — | −0.2 pts | −12,969 sh | −100% |
| Reduced | METLIFE INC (MET) | 0.4% | 0.3% | −0.1 pts | −6,787 sh | −42% |
| Increased | NU HOLDINGS LTD/CAYMAN ISL-A (NU) | 0.2% | 0.4% | +0.2 pts | +42,900 sh | +91% |
| Exited | PERFORMANCE FOOD GROUP CO (PFGC) | 0.2% | — | −0.2 pts | −6,188 sh | −100% |
| Reduced | CAPITAL ONE FINANCIAL CORP (COF) | 0.6% | 0.4% | −0.2 pts | −2,664 sh | −30% |
| Reduced | CENCORA INC (COR) | 1.0% | 0.7% | −0.3 pts | −1,688 sh | −19% |
| Exited | HOULIHAN LOKEY INC (HLI) | 0.2% | — | −0.2 pts | −3,162 sh | −100% |
| Reduced | PROGRESSIVE CORP (PGR) | 0.4% | 0.2% | −0.1 pts | −2,088 sh | −42% |
The 50 largest of 177 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- CARNIVAL CORP LTD (CCL): 143658300 → G2004J103, 57,162 → 58,808 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 30.7% of the equity book
Changes in the top 10 this quarter: QQQ entered · IREN entered · BBJP entered · INTC left · IEF left · RKT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ISHARES MSCI BRAZIL ETF (EWZ) | 7.8% | 6.8% | |
| 2 | INVESCO S&P 500 PURE VALUE E (RPV) | 11.1% | 5.7% | |
| 3 | INVESCO QQQ TRUST SERIES 1 (QQQ) | 0.0% | 5.6% | Entered the top 10 |
| 4 | NEBIUS GROUP NV (NBIS) | 1.5% | 3.0% | |
| 5 | ISHARES 1-3 YEAR TREASURY BO (SHY) | 1.9% | 2.5% | |
| 6 | IREN LTD (IREN) | 1.3% | 1.6% | Entered the top 10 |
| 7 | JPMORGAN BETABUILDERS JAPAN (BBJP) | 1.4% | 1.5% | Entered the top 10 |
| 8 | ISHARES MSCI AUSTRALIA ETF (EWA) | 1.4% | 1.5% | |
| 9 | ISHARES 3-7 YEAR TREASURY BO (IEI) | 1.9% | 1.4% | |
| 10 | ADOBE INC (ADBE) | 3.1% | 1.3% | |
| — | INTEL CORP (INTC) | 2.0% | 0.0% | Left the top 10 |
| — | ISHARES 7-10 YEAR TREASURY B (IEF) | 1.9% | 0.8% | Left the top 10 |
| — | ROCKET COS INC-CLASS A (RKT) | 1.7% | 0.2% | 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).