SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Mount Lucas Management LP

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

Reported Value
$283M
Q3 2023
Positions
129
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Mount Lucas Management LP reported $283M in U.S.-listed holdings across 129 positions for Q3 2023.

Its largest position, Invesco S P 500 Pure Value E, represents 8.2% of the portfolio.

Compared with Q2 2023, the fund opened 4 new positions and exited 14.

Portfolio Metrics

Turnover
+11.6%
vs prior filed quarter
Top-10 Concentration
+29.6%
share of reported value
Largest Position
+8.2%
Invesco S P 500 Pure Value E
New / Exited
4 / 14
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: 56.4%ETP: 31.9%Other: 8.4%REIT: 2.6%ADR: 0.8%
  • Common Stock · 56.4% · $160M
  • ETP · 31.9% · $90M
  • Other · 8.4% · $24M
  • REIT · 2.6% · $7M
  • ADR · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES CHINA LARGE-CAP ETFNEW+500.0K500.0K+$13M$13M
ISHARES MORTGAGE REAL ESTATENEW+107.4K107.4K+$2M$2M
ISHARES PREFERRED & INCOME SNEW+60.1K60.1K+$2M$2M
PHINPHINIA INCNEW+8.7K8.7K+$233,100$233,100
WALT DISNEY CO/THESOLD OUT−140.0K0−$12M$0
ISHARES 3-7 YEAR TREASURY BOSOLD OUT−43.0K0−$5M$0
ISHARES MSCI AUSTRALIA ETFSOLD OUT−132.5K0−$3M$0
ADMARCHER-DANIELS-MIDLAND COSOLD OUT−26.3K0−$2M$0

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

Holdings — Q3 2023

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INVESCO S&P 500 PURE VALUE EETP8.22%$23M316.5K
2ISHARES 1-3 YEAR TREASURY BOETP8.11%$23M283.5K
3CITHE CIGNA GROUPhistory →Common Stock2.40%$7M23.8K
4MCKMCKESSON CORPhistory →Common Stock1.93%$5M12.6K
5EQTEQT CORPhistory →Common Stock1.88%$5M131.5K
6CAHCARDINAL HEALTH INChistory →Common Stock1.83%$5M59.6K
7MPCMARATHON PETROLEUM CORPhistory →Common Stock1.38%$4M25.7K
8NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock1.31%$4M196.6K
9AGNCAGNC INVESTMENT CORPhistory →Common Stock1.28%$4M384.9K
10EXMOCEXXON MOBIL CORPhistory →Common Stock1.23%$3M29.7K
11VLOVALERO ENERGY CORPhistory →Common Stock1.19%$3M23.8K
12PSXPHILLIPS 66history →Common Stock1.17%$3M27.6K
13CTRACOTERRA ENERGY INChistory →Common Stock1.16%$3M121.2K
14JPMORGAN BETABUILDERS JAPANETP1.14%$3M64.5K
15COPCONOCOPHILLIPShistory →Common Stock1.14%$3M27.0K
16AFLAFLAC INChistory →Common Stock1.09%$3M40.2K
17PCARPACCAR INChistory →Common Stock1.07%$3M35.5K
18PGRPROGRESSIVE CORPhistory →Common Stock1.06%$3M21.5K
19MRO*MARATHON OIL CORPhistory →Common Stock1.05%$3M111.1K
20OXYOCCIDENTAL PETROLEUM CORPCommon Stock1.00%$3M43.5K
21PHMPULTEGROUP INCCommon Stock0.99%$3M38.0K
22CHVCHEVRON CORPCommon Stock0.98%$3M16.5K
23AMGNAMGEN INCCommon Stock0.97%$3M10.2K
24UALUNITED AIRLINES HOLDINGS INCCommon Stock0.96%$3M64.5K
25URIUNITED RENTALS INCCommon Stock0.96%$3M6.1K
26DALDELTA AIR LINES INCCommon Stock0.93%$3M71.3K
27APAAPA CORPCommon Stock0.93%$3M63.8K
28FANGDIAMONDBACK ENERGY INCCommon Stock0.93%$3M16.9K
29AZOAUTOZONE INCCommon Stock0.92%$3M1.0K
30INVESCO SENIOR LOAN ETFETP0.92%$3M123.6K
31GLGLOBE LIFE INCCommon Stock0.91%$3M23.7K
32BSXBOSTON SCIENTIFIC CORPCommon Stock0.90%$3M48.1K
33JNJJOHNSON & JOHNSONCommon Stock0.90%$3M16.3K
34SPDR BLOOMBERG CONVERTIBLE SETP0.89%$3M37.2K
35HPEHEWLETT PACKARD ENTERPRISECommon Stock0.88%$2M143.5K
36ORLYO'REILLY AUTOMOTIVE INCCommon Stock0.86%$2M2.7K
37HUMHUMANA INCCommon Stock0.86%$2M5.0K
38PXDEURPIONEER NATURAL RESOURCES COCommon Stock0.85%$2M10.5K
39ISHARES J.P. MORGAN EM HIGHETP0.85%$2M70.6K
40ISHARES MORTGAGE REAL ESTATEETP0.85%$2M107.4K
41INVESCO S&P 500 BUYWRITE ETFETP0.84%$2M111.6K
42SPDR S&P INTER DVD ETFETP0.84%$2M72.1K
43TSMTAIWAN SEMICONDUCTOR-SP ADRCommon Stock0.83%$2M27.2K
44JKHYJACK HENRY & ASSOCIATES INCCommon Stock0.82%$2M15.4K
45MCDMCDONALD'S CORPCommon Stock0.82%$2M8.8K
46MDLZMONDELEZ INTERNATIONAL INC-ACommon Stock0.82%$2M33.4K
47MGMMGM RESORTS INTERNATIONALCommon Stock0.82%$2M63.0K
48AALAMERICAN AIRLINES GROUP INCCommon Stock0.81%$2M180.1K

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 ↗.