SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Mount Lucas Management LP

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

Reported Value
$348M
Q4 2023
Positions
142
Filings on Record
31
2019–present window
Filed
Feb 7, 2024
original filing

Summary

Mount Lucas Management LP reported $348M in U.S.-listed holdings across 142 positions for Q4 2023.

Its largest position, NDQ, represents 5.3% of the portfolio.

Compared with Q3 2023, the fund opened 51 new positions and exited 39.

Portfolio Metrics

Turnover
+46.2%
vs prior filed quarter
Top-10 Concentration
+20.4%
share of reported value
Largest Position
+5.3%
Invesco Qqq
New / Exited
51 / 39
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: 46.9%ETP: 35.8%ADR: 11.6%Other: 3.0%REIT: 2.7%
  • Common Stock · 46.9% · $163M
  • ETP · 35.8% · $124M
  • ADR · 11.6% · $40M
  • Other · 3.0% · $10M
  • REIT · 2.7% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BABAALIBABA GROUP HOLDING-SP ADRNEW+500.0K500.0K+$39M$39M
NDQINVESCO QQQ TRUST SERIES 1NEW+45.2K45.2K+$18M$18M
KRANESHARES CSI CHINA INTERNNEW+600.0K600.0K+$16M$16M
ISHARES CHINA LARGE-CAP ETFNEW+500.0K500.0K+$12M$12M
LLOEWS CORPNEW+71.8K71.8K+$5M$5M
ISHARES 3-7 YEAR TREASURY BONEW+29.8K29.8K+$3M$3M
ISHARES 7-10 YEAR TREASURY BNEW+36.2K36.2K+$3M$3M
ISHARES MSCI AUSTRALIA ETFNEW+136.8K136.8K+$3M$3M

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

Holdings — Q4 2023

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NDQINVESCO QQQ TRUST SERIES 1history →ETP5.32%$18M45.2K
2PCARPACCAR INChistory →Common Stock1.94%$7M68.9K
3CAHCARDINAL HEALTH INChistory →Common Stock1.90%$7M65.4K
4PHMPULTEGROUP INChistory →Common Stock1.83%$6M61.7K
5INVESCO S&P 500 PURE VALUE EETP1.77%$6M75.1K
6URIUNITED RENTALS INChistory →Common Stock1.76%$6M10.7K
7DALDELTA AIR LINES INChistory →Common Stock1.61%$6M139.0K
8LLOEWS CORPhistory →Common Stock1.44%$5M71.8K
9UALUNITED AIRLINES HOLDINGS INChistory →Common Stock1.42%$5M119.9K
10NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock1.36%$5M244.6K
11FFORD MOTOR COhistory →Common Stock1.36%$5M388.6K
12AGNCAGNC INVESTMENT CORPhistory →Common Stock1.36%$5M480.9K
13HIGHARTFORD FINANCIAL SVCS GRPhistory →Common Stock1.35%$5M58.5K
14EVEREST GROUP LTDCommon Stock1.31%$5M12.9K
15HCAHCA HEALTHCARE INChistory →Common Stock1.28%$4M16.5K
16ISHARES 3-7 YEAR TREASURY BOETP1.00%$3M29.8K
17ISHARES 1-3 YEAR TREASURY BOETP1.00%$3M42.5K
18ISHARES 7-10 YEAR TREASURY BETP1.00%$3M36.2K
19MGMMGM RESORTS INTERNATIONALCommon Stock0.96%$3M74.9K
20ISHARES MSCI AUSTRALIA ETFETP0.96%$3M136.8K
21JPMORGAN BETABUILDERS JAPANETP0.96%$3M63.4K
22SIMPLIFY MBS ETFETP0.92%$3M61.8K
23ARCH CAPITAL GROUP LTDCommon Stock0.90%$3M41.9K
24COSTCOSTCO WHOLESALE CORPCommon Stock0.86%$3M4.5K
25BRBROADRIDGE FINANCIAL SOLUTIOCommon Stock0.84%$3M14.2K
26JPMJPMORGAN CHASE & COCommon Stock0.84%$3M17.1K
27LENLENNAR CORP-ACommon Stock0.82%$3M19.2K
28CPRTCOPART INCCommon Stock0.80%$3M57.1K
29BSXBOSTON SCIENTIFIC CORPCommon Stock0.80%$3M48.1K
30RSGREPUBLIC SERVICES INCCommon Stock0.80%$3M16.8K
31CMECME GROUP INCCommon Stock0.79%$3M13.1K
32VVISA INC-CLASS A SHARESCommon Stock0.79%$3M10.6K
33ROPROPER TECHNOLOGIES INCCommon Stock0.79%$3M5.0K
34CBOECBOE GLOBAL MARKETS INCCommon Stock0.78%$3M15.1K
35KRANESHARES CSI CHINA INTERNETP0.78%$3M100.0K
36AZOAUTOZONE INCCommon Stock0.77%$3M1.0K
37MCDMCDONALD'S CORPCommon Stock0.76%$3M8.9K
38INVESCO SENIOR LOAN ETFETP0.75%$3M123.3K
39SPDR BLOOMBERG CONVERTIBLE SETP0.75%$3M36.0K
40ISHARES PREFERRED & INCOME SETP0.75%$3M83.3K
41ISHARES MORTGAGE REAL ESTATEETP0.75%$3M110.1K
42ORLYO'REILLY AUTOMOTIVE INCCommon Stock0.73%$3M2.7K
43AJGARTHUR J GALLAGHER & COCommon Stock0.73%$3M11.2K
44MNSTMONSTER BEVERAGE CORPCommon Stock0.72%$2M43.4K
45AALAMERICAN AIRLINES GROUP INCCommon Stock0.72%$2M181.6K
46CITHE CIGNA GROUPCommon Stock0.72%$2M8.3K
47LWLAMB WESTON HOLDINGS INCCommon Stock0.71%$2M23.0K

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 ↗.