Mount Lucas Management LP's Q3 2026 13F: 17 new positions, 30 exits

Form 13F-HR for the quarter ended Sep 30, 2026 · filed Nov 9, 2026 · 153 reported positions · accession 0001140361-26-042664

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Increased ISHARES 1-3 YEAR TREASURY BO (SHY) 2.5% 13.5% +11.0 pts +321K sh +380%
Reduced ISHARES MSCI BRAZIL ETF (EWZ) 6.8% 0.8% −6.0 pts −500K sh −91%
Increased INVESCO S&P 500 PURE VALUE E (RPV) 5.7% 12.5% +6.8 pts +125K sh +90%
Exited INVESCO QQQ TRUST SERIES 1 (QQQ) 5.6% — −5.6 pts −21,204 sh −100%
Exited NEBIUS GROUP NV (NBIS) 3.0% — −3.0 pts −30,000 sh −100%
Exited IREN LTD (IREN) 1.6% — −1.6 pts −100K sh −100%
Exited ISHARES 3-7 YEAR TREASURY BO (IEI) 1.4% — −1.4 pts −34,011 sh −100%
Exited ADOBE INC (ADBE) 1.3% — −1.3 pts −17,500 sh −100%
Exited ISHARES MORTGAGE REAL ESTATE (REM) 1.1% — −1.1 pts −138K sh −100%
Increased TRAVELERS COS INC/THE (TRV) 0.4% 1.5% +1.2 pts +7,258 sh +226%
New CHUBB LTD (CB) — 1.0% +1.0 pts +7,228 sh new
Exited CISCO SYSTEMS INC (CSCO) 1.0% — −1.0 pts −22,985 sh −100%
New APPLIED MATERIALS INC (AMAT) — 0.9% +0.9 pts +4,500 sh new
Exited ISHARES PREFERRED & INCOME S (PFF) 0.9% — −0.9 pts −85,186 sh −100%
Reduced ISHARES JP MORGAN USD EMERGI (EMB) 1.1% 0.3% −0.8 pts −24,484 sh −75%
Reduced AT&T INC (T) 0.9% 0.4% −0.5 pts −84,064 sh −70%
Reduced CARDINAL HEALTH INC (CAH) 1.0% 0.3% −0.8 pts −9,149 sh −74%
Exited ISHARES 7-10 YEAR TREASURY B (IEF) 0.8% — −0.8 pts −24,494 sh −100%
New WELLTOWER INC (WELL) — 0.7% +0.7 pts +7,169 sh new
New HOST HOTELS & RESORTS INC (HST) — 0.7% +0.7 pts +71,892 sh new
New STATE STREET CORP (STT) — 0.7% +0.7 pts +9,182 sh new
New CSX CORP (CSX) — 0.6% +0.6 pts +33,574 sh new
Increased ISHARES RUSSELL 1000 VALUE E (IWD) 0.5% 1.2% +0.7 pts +6,249 sh +108%
Reduced INVESCO LTD (IVZ) 1.0% 0.7% −0.3 pts −51,125 sh −48%
New PROLOGIS INC (PLD) — 0.6% +0.6 pts +11,822 sh new
New SIMON PROPERTY GROUP INC (SPG) — 0.6% +0.6 pts +7,627 sh new
Reduced CENCORA INC (COR) 0.7% 0.2% −0.5 pts −5,073 sh −73%
New FEDERAL REALTY INVS TRUST (FRT) — 0.6% +0.6 pts +13,679 sh new
Reduced NEWMONT CORP (NEM) 0.6% 0.3% −0.3 pts −12,333 sh −65%
Reduced DELTA AIR LINES INC (DAL) 0.9% 0.4% −0.5 pts −16,015 sh −57%
Increased GLOBE LIFE INC (GL) 0.8% 1.4% +0.6 pts +7,681 sh +62%
Exited NASDAQ INC (NDAQ) 0.5% — −0.5 pts −17,514 sh −100%
Exited INVESCO NASDAQ 100 ETF (QQQM) 0.5% — −0.5 pts −4,518 sh −100%
New VALERO ENERGY CORP (VLO) — 0.5% +0.5 pts +3,053 sh new
Exited VERISIGN INC (VRSN) 0.5% — −0.5 pts −5,374 sh −100%
Exited REPUBLIC SERVICES INC (RSG) 0.5% — −0.5 pts −6,059 sh −100%
New HP INC (HPQ) — 0.5% +0.5 pts +35,558 sh new
Increased MARATHON PETROLEUM CORP (MPC) 0.5% 1.3% +0.8 pts +2,751 sh +53%
Exited CME GROUP INC (CME) 0.4% — −0.4 pts −5,639 sh −100%
Exited GENERAL MOTORS CO (GM) 0.4% — −0.4 pts −14,991 sh −100%
Exited CVS HEALTH CORP (CVS) 0.4% — −0.4 pts −11,146 sh −100%
Reduced ISHARES US&INTL HIGH YIELD C (GHYG) 0.8% 0.5% −0.3 pts −22,184 sh −46%
Reduced ISHARES FALLEN ANGELS ETF (FALN) 0.8% 0.5% −0.3 pts −37,057 sh −46%
New BEST BUY CO INC (BBY) — 0.4% +0.4 pts +10,406 sh new
Increased UNIVERSAL HEALTH SERVICES-B (UHS) 0.2% 0.7% +0.5 pts +5,269 sh +121%
Exited INTERCONTINENTAL EXCHANGE IN (ICE) 0.4% — −0.4 pts −8,451 sh −100%
Exited US BANCORP (USB) 0.4% — −0.4 pts −17,190 sh −100%
Exited ABBOTT LABORATORIES (ABT) 0.4% — −0.4 pts −11,429 sh −100%
Exited REGIONS FINANCIAL CORP (RF) 0.4% — −0.4 pts −33,568 sh −100%
Reduced ISHARES MSCI FRANCE ETF (EWQ) 0.3% 0.0% −0.3 pts −19,981 sh −95%

The 50 largest of 170 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 — 37.7% of the equity book

Changes in the top 10 this quarter: TRV entered · BKLN entered · CWB entered · GL entered · PBP entered · MPC entered · EWZ left · QQQ left · NBIS left · IREN left · IEI left · ADBE left

# Security Weight before Weight now
1 ISHARES 1-3 YEAR TREASURY BO (SHY) 2.5% 13.5%
2 INVESCO S&P 500 PURE VALUE E (RPV) 5.7% 12.5%
3 JPMORGAN BETABUILDERS JAPAN (BBJP) 1.5% 1.8%
4 ISHARES MSCI AUSTRALIA ETF (EWA) 1.5% 1.7%
5 TRAVELERS COS INC/THE (TRV) 0.4% 1.5% Entered the top 10
6 INVESCO SENIOR LOAN ETF (BKLN) 1.2% 1.4% Entered the top 10
7 SS SPDR BB CONV SEC ETF (CWB) 1.2% 1.4% Entered the top 10
8 GLOBE LIFE INC (GL) 0.8% 1.4% Entered the top 10
9 INVESCO S&P 500 BUYWRITE ETF (PBP) 1.1% 1.3% Entered the top 10
10 MARATHON PETROLEUM CORP (MPC) 0.5% 1.3% Entered the top 10
— ISHARES MSCI BRAZIL ETF (EWZ) 6.8% 0.8% Left the top 10
— INVESCO QQQ TRUST SERIES 1 (QQQ) 5.6% 0.0% Left the top 10
— NEBIUS GROUP NV (NBIS) 3.0% 0.0% Left the top 10
— IREN LTD (IREN) 1.6% 0.0% Left the top 10
— ISHARES 3-7 YEAR TREASURY BO (IEI) 1.4% 0.0% Left the top 10
— ADOBE INC (ADBE) 1.3% 0.0% 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
New APPLIED MATERIALS INC (AMAT) Call 0 70,000 $35.8M
New FTAI AVIATION LTD (FTAI) Call 0 110K $18.4M
New ISHARES MSCI BRAZIL ETF (EWZ) Call 0 400K $14.9M
New LAM RESEARCH CORP (LRCX) Call 0 40,000 $13.1M
New NEBIUS GROUP NV (NBIS) Call 0 27,000 $6.37M