SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Mount Lucas Management LP

CIK 0001185072 · 405 SOUTH STATE STREET, NEWTOWN, PA, 18940 · 267-759-3500

Reported Value
$340M
Q1 2021
Positions
111
Filings on Record
31
2019–present window
Filed
May 17, 2021
original filing

Summary

Mount Lucas Management LP reported $340M in U.S.-listed holdings across 111 positions for Q1 2021.

Its largest position, KSS, represents 5.9% of the portfolio.

Compared with Q4 2020, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+14.1%
vs prior filed quarter
Top-10 Concentration
+36.5%
share of reported value
Largest Position
+5.9%
Kohls
New / Exited
2 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $788MQ4 ’18Q1 ’19: $604MQ2 ’19: $591MQ3 ’19: $558MQ4 ’19: $502MQ4 ’19Q1 ’20: $486MQ2 ’20: $505MQ3 ’20: $480MQ4 ’20: $475MQ4 ’20Q1 ’21: $340MQ2 ’21: $376MQ3 ’21: $331MQ4 ’21: $350MQ4 ’21Q1 ’22: $343MQ2 ’22: $299MQ3 ’22: $290MQ4 ’22: $305MQ4 ’22Q1 ’23: $379MQ2 ’23: $299MQ3 ’23: $283MQ4 ’23: $348MQ4 ’23Q1 ’24: $366MQ2 ’24: $349MQ3 ’24: $294MQ4 ’24: $287MQ4 ’24Q1 ’25: $311MQ2 ’25: $235MQ3 ’25: $243MQ4 ’25: $250MQ4 ’25Q1 ’26: $271Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 62.4%ETP: 33.0%Other: 4.6%
  • Common Stock · 62.4% · $212M
  • ETP · 33.0% · $112M
  • Other · 4.6% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO OPTIMUM YIELD DIVERSNEW+62.8K62.8K+$1M$1M
TELLEURTELLURIAN INCNEW+400.0K400.0K+$936,000$936,000
ENERGY SELECT SECTOR SPDRSOLD OUT−450.0K0−$17M$0
VANGUARD FTSE EUROPE ETFSOLD OUT−30.7K0−$2M$0
SPDR S&P REGIONAL BANKINGSOLD OUT−31.5K0−$2M$0
SPDR S&P REGIONAL BANKINGSOLD OUT−31.2K0−$2M$0
ISHARES IBOXX INVESTMENT GRASOLD OUT−7.6K0−$1M$0
ISHARES MSCI NETHERLANDS ETFTRIMMED−78.7K3.3K−$3M$153,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KSSKOHLS CORPhistory →Common Stock5.87%$20M334.5K
2INVESCO LTDCommon Stock4.36%$15M587.9K
3MGMMGM RESORTS INTERNATIONALhistory →Common Stock4.32%$15M386.0K
4ALKALASKA AIR GROUP INChistory →Common Stock3.80%$13M186.3K
5ISHARES 1-3 YEAR TREASURY BOETP3.55%$12M139.9K
6PG4PRINCIPAL FINANCIAL GROUPhistory →Common Stock3.27%$11M185.2K
7AIGAMERICAN INTERNATIONAL GROUPhistory →Common Stock3.25%$11M238.8K
8UNMUNUM GROUPhistory →Common Stock3.06%$10M373.4K
9HPEHEWLETT PACKARD ENTERPRISEhistory →Common Stock2.74%$9M591.5K
10VLOVALERO ENERGY CORPhistory →Common Stock2.28%$8M108.3K
11CVSCVS HEALTH CORPhistory →Common Stock1.93%$7M86.9K
12ISHARES MORTGAGE REAL ESTATEETP1.78%$6M171.5K
13INVESCO SENIOR LOAN ETFETP1.68%$6M257.7K
14SPDR BBG BARC CONVERTIBLEETP1.61%$5M65.7K
15DWDMORGAN STANLEYhistory →Common Stock1.49%$5M65.2K
16CICIGNA CORPhistory →Common Stock1.36%$5M19.2K
17LENLENNAR CORP-Ahistory →Common Stock1.30%$4M43.7K
18VANGUARD HIGH DVD YIELD ETFETP1.30%$4M43.6K
19SPDR S&P INTER DVD ETFETP1.28%$4M113.7K
20INVESCO S&P 500 BUYWRITE ETFETP1.27%$4M199.1K
21DHIDR HORTON INChistory →Common Stock1.21%$4M46.1K
22ALSALLSTATE CORPhistory →Common Stock1.21%$4M35.7K
23ISHARES J.P. MORGAN EM HIGHETP1.20%$4M91.8K
24DYHTARGET CORPhistory →Common Stock1.19%$4M20.4K
25PHMPULTEGROUP INChistory →Common Stock1.17%$4M75.8K
26TRLDAVITA INChistory →Common Stock1.15%$4M36.4K
27EBAEBAY INChistory →Common Stock1.15%$4M63.7K
28UNHUNITEDHEALTH GROUP INChistory →Common Stock1.13%$4M10.3K
29ISHARES 0-5 YR HY CORP BONDETP1.13%$4M84.0K
30SPDR BBG BARC HIGH YIELD BNDETP1.13%$4M35.3K
31ISHARES US&INTL HIGH YIELD CETP1.12%$4M75.8K
32WHRWHIRLPOOL CORPhistory →Common Stock1.10%$4M17.0K
33ISHARES JP MORGAN USD EMERGIETP1.09%$4M34.0K
34KRKROGER COhistory →Common Stock1.04%$4M97.8K
35MASMASCO CORPhistory →Common Stock1.02%$3M58.0K
36PGRPROGRESSIVE CORPhistory →Common Stock1.01%$3M35.9K
37CNCCENTENE CORPhistory →Common Stock1.01%$3M53.5K
38CAGCONAGRA BRANDS INCCommon Stock0.99%$3M89.1K
39HUMHUMANA INCCommon Stock0.97%$3M7.9K
40DGXQUEST DIAGNOSTICS INCCommon Stock0.96%$3M25.5K
41BBYBEST BUY CO INCCommon Stock0.95%$3M28.1K
42XLUUTILITIES SELECT SECTOR SPDRETP0.94%$3M49.8K
43NEMNEWMONT CORPCommon Stock0.93%$3M52.6K
44VANGUARD REAL ESTATE ETFETP0.88%$3M32.6K
45ISHARES PREFERRED & INCOME SETP0.87%$3M76.6K
46VANGUARD GLBL EX-US REAL ESTETP0.86%$3M52.2K
47ISHARES INTERNATIONAL PREFERETP0.85%$3M175.5K
48AMZNAMAZON.COM INCCommon Stock0.77%$3M846
49AG8AGILENT TECHNOLOGIES INCCommon Stock0.57%$2M15.3K
50MNSTMONSTER BEVERAGE CORPCommon Stock0.54%$2M20.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$271M167May 5, 202613F-HRchanges · EDGAR ↗
Q4 2025$250M171Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$243M163Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$235M159Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$311M150May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$287M137Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$294M146Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$349M158Aug 6, 202413F-HRchanges · EDGAR ↗
Q1 2024$366M145May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$348M142Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$283M129Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$299M139Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$379M113May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$305M107Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$290M93Nov 14, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$299M90Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$343M111May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$350M129Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$331M108Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$376M111Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$340M111May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$475M114Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$480M77Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$505M65Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$486M41May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$502M90Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$558M140Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$591M132Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$604M124May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$788M93Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.