SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Mount Lucas Management LP

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

Reported Value
$299M
Q2 2023
Positions
139
Filings on Record
31
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Mount Lucas Management LP reported $299M in U.S.-listed holdings across 139 positions for Q2 2023.

Its largest position, Invesco S P 500 Pure Value E, represents 8.4% of the portfolio.

Compared with Q1 2023, the fund opened 59 new positions and exited 33.

Portfolio Metrics

Turnover
+40.1%
vs prior filed quarter
Top-10 Concentration
+26.2%
share of reported value
Largest Position
+8.4%
Invesco S P 500 Pure Value E
New / Exited
59 / 33
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: 57.4%ETP: 30.8%Other: 8.3%REIT: 2.1%ADR: 1.4%
  • Common Stock · 57.4% · $172M
  • ETP · 30.8% · $92M
  • Other · 8.3% · $25M
  • REIT · 2.1% · $6M
  • ADR · 1.4% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO S&P 500 PURE VALUE ENEW+324.3K324.3K+$25M$25M
CAHCARDINAL HEALTH INCNEW+61.9K61.9K+$6M$6M
DALDELTA AIR LINES INCNEW+75.4K75.4K+$4M$4M
AALAMERICAN AIRLINES GROUP INCNEW+190.6K190.6K+$3M$3M
PCARPACCAR INCNEW+37.5K37.5K+$3M$3M
PHMPULTEGROUP INCNEW+40.1K40.1K+$3M$3M
ISHARES MSCI AUSTRALIA ETFNEW+132.5K132.5K+$3M$3M
MGMMGM RESORTS INTERNATIONALNEW+66.7K66.7K+$3M$3M

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

Holdings — Q2 2023

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INVESCO S&P 500 PURE VALUE EETP8.41%$25M324.3K
2ISHARES 1-3 YEAR TREASURY BOETP4.51%$13M166.3K
3CITHE CIGNA GROUPhistory →Common Stock2.29%$7M24.4K
4CAHCARDINAL HEALTH INChistory →Common Stock1.96%$6M61.9K
5EQTEQT CORPhistory →Common Stock1.89%$6M137.7K
6MCKMCKESSON CORPhistory →Common Stock1.84%$6M12.9K
7ISHARES 3-7 YEAR TREASURY BOETP1.66%$5M43.0K
8UALUNITED AIRLINES HOLDINGS INChistory →Common Stock1.27%$4M69.0K
9DALDELTA AIR LINES INChistory →Common Stock1.20%$4M75.4K
10MPCMARATHON PETROLEUM CORPhistory →Common Stock1.18%$4M30.3K
11AALAMERICAN AIRLINES GROUP INChistory →Common Stock1.14%$3M190.6K
12EXMOCEXXON MOBIL CORPhistory →Common Stock1.12%$3M31.4K
13JPMORGAN BETABUILDERS JAPANETP1.11%$3M64.5K
14VLOVALERO ENERGY CORPhistory →Common Stock1.10%$3M28.1K
15CTRACOTERRA ENERGY INChistory →Common Stock1.08%$3M128.1K
16AGNCAGNC INVESTMENT CORPhistory →Common Stock1.05%$3M309.9K
17PCARPACCAR INChistory →Common Stock1.05%$3M37.5K
18PHMPULTEGROUP INChistory →Common Stock1.04%$3M40.1K
19NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock1.02%$3M152.8K
20ISHARES MSCI AUSTRALIA ETFETP1.00%$3M132.5K
21COPCONOCOPHILLIPSCommon Stock0.98%$3M28.4K
22MGMMGM RESORTS INTERNATIONALCommon Stock0.98%$3M66.7K
23PGRPROGRESSIVE CORPCommon Stock0.97%$3M21.8K
24AFLAFLAC INCCommon Stock0.95%$3M40.6K
25FFORD MOTOR COCommon Stock0.94%$3M186.3K
26URIUNITED RENTALS INCCommon Stock0.94%$3M6.3K
27PSXPHILLIPS 66Common Stock0.92%$3M29.0K
28TSMTAIWAN SEMICONDUCTOR-SP ADRCommon Stock0.91%$3M27.1K
29CHVCHEVRON CORPCommon Stock0.91%$3M17.3K
30JNJJOHNSON & JOHNSONCommon Stock0.91%$3M16.4K
31MRO*MARATHON OIL CORPCommon Stock0.91%$3M117.7K
32OXYOCCIDENTAL PETROLEUM CORPCommon Stock0.90%$3M45.9K
33GPCGENUINE PARTS COCommon Stock0.89%$3M15.8K
34LWLAMB WESTON HOLDINGS INCCommon Stock0.89%$3M23.2K
35MCDMCDONALD'S CORPCommon Stock0.89%$3M8.9K
36BSXBOSTON SCIENTIFIC CORPCommon Stock0.88%$3M48.9K
37GLGLOBE LIFE INCCommon Stock0.88%$3M24.0K
38JKHYJACK HENRY & ASSOCIATES INCCommon Stock0.87%$3M15.6K
39ORLYO'REILLY AUTOMOTIVE INCCommon Stock0.87%$3M2.7K
40AZOAUTOZONE INCCommon Stock0.87%$3M1.0K
41SPDR BLOOMBERG CONVERTIBLE SETP0.86%$3M37.0K
42INVESCO SENIOR LOAN ETFETP0.85%$3M120.5K
43MNSTMONSTER BEVERAGE CORPCommon Stock0.85%$3M44.1K
44GMGENERAL MOTORS COCommon Stock0.85%$3M65.6K
45SJMJM SMUCKER CO/THECommon Stock0.84%$3M17.1K
46HPEHEWLETT PACKARD ENTERPRISECommon Stock0.83%$2M148.5K
47MDLZMONDELEZ INTERNATIONAL INC-ACommon Stock0.82%$2M33.8K
48LENLENNAR CORP-ACommon Stock0.82%$2M19.6K

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 ↗.