SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Mount Lucas Management LP

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

Reported Value
$311M
Q1 2025
Positions
150
Filings on Record
31
2019–present window
Filed
May 6, 2025
original filing

Summary

Mount Lucas Management LP reported $311M in U.S.-listed holdings across 150 positions for Q1 2025.

Its largest position, QQQ, represents 7.7% of the portfolio.

Compared with Q4 2024, the fund opened 51 new positions and exited 38.

Portfolio Metrics

Turnover
+30.1%
vs prior filed quarter
Top-10 Concentration
+22.2%
share of reported value
Largest Position
+7.7%
Invesco Qqq
New / Exited
51 / 38
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
ETP: 58.2%Common Stock: 32.4%ADR: 5.3%REIT: 4.2%
  • ETP · 58.2% · $181M
  • Common Stock · 32.4% · $101M
  • ADR · 5.3% · $16M
  • REIT · 4.2% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRUST SERIES 1NEW+51.3K51.3K+$24M$24M
EWZISHARES MSCI BRAZIL ETFNEW+420.0K420.0K+$11M$11M
INTCINTEL CORPNEW+150.0K150.0K+$3M$3M
FOXAFOX CORP - CLASS ANEW+51.6K51.6K+$3M$3M
QQQMINVESCO NASDAQ 100 ETFNEW+10.2K10.2K+$2M$2M
WELLWELLTOWER INCNEW+12.7K12.7K+$2M$2M
WMBWILLIAMS COS INCNEW+28.3K28.3K+$2M$2M
ADPAUTOMATIC DATA PROCESSINGNEW+5.5K5.5K+$2M$2M

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

Holdings — Q1 2025

144 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QQQINVESCO QQQ TRUST SERIES 1history →ETP7.74%$24M51.3K
2IEIISHARES 3-7 YEAR TREASURY BOhistory →ETP2.21%$7M58.1K
3SHYISHARES 1-3 YEAR TREASURY BOhistory →ETP2.20%$7M82.8K
4IEFISHARES 7-10 YEAR TREASURY Bhistory →ETP2.20%$7M71.8K
5NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock1.84%$6M281.1K
6AGNCAGNC INVESTMENT CORPhistory →Common Stock1.69%$5M548.6K
7HIGHARTFORD INSURANCE GROUP INChistory →Common Stock1.36%$4M34.1K
8JPMORGAN BETABUILDERS JAPANETP1.14%$4M62.9K
9FOXAFOX CORP - CLASS ACommon Stock0.94%$3M51.6K
10DWXSPDR S&P INTER DVD ETFETP0.87%$3M70.9K
11BKLNINVESCO SENIOR LOAN ETFETP0.87%$3M130.7K
12CWBSPDR BLOOMBERG CONVERTIBLE SETP0.85%$3M34.5K
13REMISHARES MORTGAGE REAL ESTATEETP0.83%$3M115.6K
14EMBISHARES JP MORGAN USD EMERGIETP0.83%$3M28.4K
15EMHYISHARES J.P. MORGAN EM HIGHETP0.83%$3M67.1K
16VYMVANGUARD HIGH DVD YIELD ETFETP0.81%$3M19.5K
17INVESCO S&P 500 BUYWRITE ETFETP0.79%$2M111.3K
18PGRPROGRESSIVE CORPCommon Stock0.75%$2M8.3K
19SYFSYNCHRONY FINANCIALCommon Stock0.74%$2M43.2K
20ACGLARCH CAPITAL GROUP LTDCommon Stock0.72%$2M23.3K
21WRBWR BERKLEY CORPCommon Stock0.72%$2M31.5K
22ALLALLSTATE CORPCommon Stock0.71%$2M10.6K
23LLOEWS CORPCommon Stock0.64%$2M21.8K
24QQQMINVESCO NASDAQ 100 ETFETP0.63%$2M10.2K
25CBCHUBB LTDCommon Stock0.63%$2M6.5K
26WELLWELLTOWER INCCommon Stock0.63%$2M12.7K
27TMUST-MOBILE US INCCommon Stock0.62%$2M7.3K
28METMETLIFE INCCommon Stock0.60%$2M23.1K
29GHYGISHARES US&INTL HIGH YIELD CETP0.58%$2M40.7K
30FALNISHARES FALLEN ANGELS ETFETP0.58%$2M67.3K
31SHYGISHARES 0-5 YR HY CORP BONDETP0.58%$2M42.3K
32SPDR BLOOMBERG HIGH YIELD BOETP0.58%$2M18.8K
33HYGVFLEXSHARES HIGH YIELD VALUEETP0.58%$2M44.4K
34BROBROWN & BROWN INCCommon Stock0.58%$2M14.4K
35UHSUNIVERSAL HEALTH SERVICES-BCommon Stock0.58%$2M9.5K
36DALDELTA AIR LINES INCCommon Stock0.57%$2M41.0K
37BNYBANK OF NEW YORK MELLON CORPCommon Stock0.56%$2M20.8K
38APPAPPLOVIN CORP-CLASS ACommon Stock0.56%$2M6.5K
39WMBWILLIAMS COS INCCommon Stock0.54%$2M28.3K
40RSGREPUBLIC SERVICES INCCommon Stock0.54%$2M7.0K
41GMGENERAL MOTORS COCommon Stock0.54%$2M35.8K
42ADPAUTOMATIC DATA PROCESSINGCommon Stock0.54%$2M5.5K
43KMIKINDER MORGAN INCCommon Stock0.52%$2M56.9K
44JPMJPMORGAN CHASE & COCommon Stock0.52%$2M6.6K
45RFIXSIMPLIFY BOND BULL ETFETP0.52%$2M30.0K
46CTASCINTAS CORPCommon Stock0.50%$2M7.6K
47WMTWALMART INCCommon Stock0.50%$2M17.6K
48WABWABTEC CORPCommon Stock0.49%$2M8.4K
49MSIMOTOROLA SOLUTIONS INCCommon Stock0.49%$2M3.5K
50MCKMCKESSON CORPCommon Stock0.48%$1M2.2K
51TJXTJX COMPANIES INCCommon Stock0.48%$1M12.2K
52COSTCOSTCO WHOLESALE CORPCommon Stock0.47%$1M1.5K
53UALUNITED AIRLINES HOLDINGS INCCommon Stock0.45%$1M20.3K
54PKGPACKAGING CORP OF AMERICACommon Stock0.45%$1M7.1K
55DVADAVITA INCCommon Stock0.45%$1M9.1K
56TRGPTARGA RESOURCES CORPCommon Stock0.44%$1M6.8K
57PRUPRUDENTIAL FINANCIAL INCCommon Stock0.43%$1M12.0K
58VNQVANGUARD REAL ESTATE ETFETP0.43%$1M14.7K
59APHAMPHENOL CORP-CL ACommon Stock0.42%$1M20.0K
60CCLCARNIVAL CORPCommon Stock0.41%$1M65.8K
61PFFISHARES PREFERRED & INCOME SETP0.37%$1M37.2K
62KGCKINROSS GOLD CORPCommon Stock0.36%$1M89.1K
63FTITECHNIPFMC PLCCommon Stock0.35%$1M34.8K
64RCLROYAL CARIBBEAN CRUISES LTDCommon Stock0.35%$1M5.3K
65UWMCUWM HOLDINGS CORPCommon Stock0.34%$1M191.0K
66TRVTRAVELERS COS INC/THECommon Stock0.33%$1M3.9K
67THCTENET HEALTHCARE CORPCommon Stock0.32%$1M7.4K
68CINFCINCINNATI FINANCIAL CORPCommon Stock0.32%$984,4066.7K
69AIZASSURANT INCCommon Stock0.31%$975,5474.7K
70EPOLISHARES MSCI POLAND ETFETP0.31%$975,30834.8K
71GREKGLOBAL X MSCI GREECE ETFETP0.31%$971,01120.7K
72EZAISHARES MSCI SOUTH AFRICA ETETP0.31%$954,17719.8K
73EPUISHARES MSCI PERU AND GLOBALETP0.30%$943,63521.5K
74AIGAMERICAN INTERNATIONAL GROUPCommon Stock0.30%$927,30210.7K
75ECHISHARES MSCI CHILE ETFETP0.29%$917,14430.8K
76NTRSNORTHERN TRUST CORPCommon Stock0.29%$905,6079.2K
77FXIISHARES CHINA LARGE-CAP ETFETP0.29%$895,49825.0K
78VBNKVERSABANKCommon Stock0.28%$880,60085.0K
79EMEEMCOR GROUP INCCommon Stock0.28%$859,7592.3K
80FIXCOMFORT SYSTEMS USA INCCommon Stock0.28%$857,3982.7K
81EWPISHARES MSCI SPAIN ETFETP0.27%$825,36921.7K
82EWOISHARES MSCI AUSTRIA ETFETP0.26%$822,05232.7K
83EWIISHARES MSCI ITALY ETFETP0.26%$811,57119.2K
84EWGISHARES MSCI GERMANY ETFETP0.26%$804,37621.7K
85EWUISHARES MSCI UNITED KINGDOMETP0.25%$791,47921.1K
86EWQISHARES MSCI FRANCE ETFETP0.25%$787,56219.8K
87EWLISHARES MSCI SWITZERLAND ETFETP0.25%$783,32415.1K
88EGEVEREST GROUP LTDCommon Stock0.25%$764,0832.1K
89EWDISHARES MSCI SWEDEN ETFETP0.25%$763,24718.1K
90SCHPSCHWAB U.S. TIPS ETFETP0.25%$763,11128.4K
91IGSBISHARES 1-5Y INV GRADE CORPETP0.24%$760,57014.5K
92FLRNSPDR BLOOMBERG INVESTMENT GRETP0.24%$759,62124.6K
93ISHARES IBOXX INVESTMENT GRAETP0.24%$753,8746.9K
94PCARPACCAR INCCommon Stock0.24%$745,9527.7K
95PHMPULTEGROUP INCCommon Stock0.24%$737,3847.2K
96AEMAGNICO EAGLE MINES LTDCommon Stock0.23%$723,6376.7K
97GMEDGLOBUS MEDICAL INC - ACommon Stock0.23%$709,6749.7K
98NCLHNORWEGIAN CRUISE LINE HOLDINCommon Stock0.23%$704,11837.1K
99FANGDIAMONDBACK ENERGY INCCommon Stock0.22%$682,2084.3K
100HPEHEWLETT PACKARD ENTERPRISECommon Stock0.22%$671,05143.5K

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 ↗.