SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Mount Lucas Management LP

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

Reported Value
$379M
Q1 2023
Positions
113
Filings on Record
31
2019–present window
Filed
May 12, 2023
original filing

Summary

Mount Lucas Management LP reported $379M in U.S.-listed holdings across 113 positions for Q1 2023.

Its largest position, Ishares 1 3 Year Treasury Bo, represents 9.2% of the portfolio.

Compared with Q4 2022, the fund opened 26 new positions and exited 20.

Portfolio Metrics

Turnover
+26.5%
vs prior filed quarter
Top-10 Concentration
+29.8%
share of reported value
Largest Position
+9.2%
Ishares 1 3 Year Treasury Bo
New / Exited
26 / 20
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: 49.3%ETP: 25.3%Other: 23.1%REIT: 1.5%ADR: 0.7%
  • Common Stock · 49.3% · $187M
  • ETP · 25.3% · $96M
  • Other · 23.1% · $88M
  • REIT · 1.5% · $6M
  • ADR · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES MSCI EMERGING MARKETNEW+1.30M1.30M+$51M$51M
NDQINVESCO QQQ TRUST SERIES 1NEW+81.5K81.5K+$26M$26M
WALT DISNEY CO/THENEW+140.0K140.0K+$14M$14M
SEA LTD-ADRNEW+120.0K120.0K+$10M$10M
PAYPAL HOLDINGS INCNEW+125.0K125.0K+$9M$9M
JPMORGAN BETABUILDERS JAPANNEW+71.7K71.7K+$3M$3M
ISHARES 3-7 YEAR TREASURY BONEW+25.8K25.8K+$3M$3M
AGNCAGNC INVESTMENT CORPNEW+298.6K298.6K+$3M$3M

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

Holdings — Q1 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES 1-3 YEAR TREASURY BOETP9.16%$35M422.4K
2NDQINVESCO QQQ TRUST SERIES 1history →ETP6.90%$26M81.5K
3MPCMARATHON PETROLEUM CORPhistory →Common Stock2.26%$9M63.4K
4VLOVALERO ENERGY CORPhistory →Common Stock1.97%$7M53.5K
5EXMOCEXXON MOBIL CORPhistory →Common Stock1.86%$7M64.2K
6PSXPHILLIPS 66history →Common Stock1.62%$6M60.6K
7FANGDIAMONDBACK ENERGY INChistory →Common Stock1.60%$6M44.7K
8OXYOCCIDENTAL PETROLEUM CORPhistory →Common Stock1.52%$6M92.1K
9APAAPA CORPhistory →Common Stock1.45%$5M151.8K
10HPEHEWLETT PACKARD ENTERPRISEhistory →Common Stock1.43%$5M339.9K
11MOSMOSAIC CO/THEhistory →Common Stock1.36%$5M112.3K
12ADMARCHER-DANIELS-MIDLAND COhistory →Common Stock1.29%$5M61.4K
13CITHE CIGNA GROUPhistory →Common Stock1.26%$5M18.6K
14AIGAMERICAN INTERNATIONAL GROUPhistory →Common Stock1.20%$5M90.4K
15CTRACOTERRA ENERGY INChistory →Common Stock1.12%$4M173.1K
16COPCONOCOPHILLIPShistory →Common Stock1.05%$4M40.2K
17NUENUCOR CORPhistory →Common Stock1.01%$4M24.9K
18PGRPROGRESSIVE CORPCommon Stock0.94%$4M24.9K
19JPMORGAN BETABUILDERS JAPANETP0.92%$3M71.7K
20GISGENERAL MILLS INCCommon Stock0.91%$3M40.3K
21HSYHERSHEY CO/THECommon Stock0.87%$3M13.0K
22PXDEURPIONEER NATURAL RESOURCES COCommon Stock0.87%$3M16.2K
23CHVCHEVRON CORPCommon Stock0.85%$3M19.8K
24MRO*MARATHON OIL CORPCommon Stock0.84%$3M133.4K
25PEPPEPSICO INCCommon Stock0.82%$3M17.1K
26ABBVABBVIE INCCommon Stock0.81%$3M19.4K
27MCKMCKESSON CORPCommon Stock0.81%$3M8.6K
28ABGAMERISOURCEBERGEN CORPCommon Stock0.81%$3M19.1K
29ISHARES 3-7 YEAR TREASURY BOETP0.80%$3M25.8K
30RSGREPUBLIC SERVICES INCCommon Stock0.80%$3M22.4K
31GLGLOBE LIFE INCCommon Stock0.80%$3M27.5K
32AGNCAGNC INVESTMENT CORPCommon Stock0.79%$3M298.6K
33GPCGENUINE PARTS COCommon Stock0.79%$3M18.0K
34AFLAFLAC INCCommon Stock0.79%$3M46.2K
35EQTEQT CORPCommon Stock0.78%$3M92.1K
36JNJJOHNSON & JOHNSONCommon Stock0.76%$3M18.7K
37BMYBRISTOL-MYERS SQUIBB COCommon Stock0.75%$3M41.2K
38UNHUNITEDHEALTH GROUP INCCommon Stock0.75%$3M6.0K
39NLYANNALY CAPITAL MANAGEMENT INCommon Stock0.75%$3M148.0K
40AMGNAMGEN INCCommon Stock0.74%$3M11.6K
41INVESCO NASDAQ 100 ETFETP0.74%$3M21.3K
42KOCOCA-COLA CO/THECommon Stock0.74%$3M45.2K
43TSMTAIWAN SEMICONDUCTOR-SP ADRCommon Stock0.74%$3M30.1K
44KELKELLOGG COCommon Stock0.72%$3M40.9K
45WRBWR BERKLEY CORPCommon Stock0.72%$3M43.8K
46JKHYJACK HENRY & ASSOCIATES INCCommon Stock0.71%$3M17.8K

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 ↗.