SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Mount Lucas Management LP

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

Reported Value
$235M
Q2 2025
Positions
159
Filings on Record
31
2019–present window
Filed
Aug 11, 2025
original filing

Summary

Mount Lucas Management LP reported $235M in U.S.-listed holdings across 159 positions for Q2 2025.

Its largest position, NDQ, represents 11.7% of the portfolio.

Compared with Q1 2025, the fund opened 44 new positions and exited 34.

Portfolio Metrics

Turnover
+23.8%
vs prior filed quarter
Top-10 Concentration
+27.7%
share of reported value
Largest Position
+11.7%
Invesco Qqq
New / Exited
44 / 34
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
ETP: 50.4%Common Stock: 41.9%REIT: 5.3%Other: 2.3%ADR: 0.1%
  • ETP · 50.4% · $118M
  • Common Stock · 41.9% · $98M
  • REIT · 5.3% · $12M
  • Other · 2.3% · $5M
  • ADR · 0.1% · $254,760

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSLATESLA INCNEW+30.0K30.0K+$10M$10M
ISHARES MSCI AUSTRALIA ETFNEW+136.2K136.2K+$4M$4M
TAT&T INCNEW+74.4K74.4K+$2M$2M
ABGCENCORA INCNEW+6.6K6.6K+$2M$2M
NEMNEWMONT CORPNEW+26.8K26.8K+$2M$2M
CSCOCISCO SYSTEMS INCNEW+20.5K20.5K+$1M$1M
NDAQNASDAQ INCNEW+15.8K15.8K+$1M$1M
VRSNVERISIGN INCNEW+4.8K4.8K+$1M$1M

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

Holdings — Q2 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NDQINVESCO QQQ TRUST SERIES 1history →ETP11.65%$27M49.5K
2NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock2.34%$5M291.6K
3AGNCAGNC INVESTMENT CORPhistory →Common Stock2.24%$5M570.8K
4ISHARES 7-10 YEAR TREASURY BETP2.03%$5M49.7K
5ISHARES 3-7 YEAR TREASURY BOETP2.02%$5M39.8K
6ISHARES 1-3 YEAR TREASURY BOETP2.01%$5M56.9K
7ISHARES MSCI AUSTRALIA ETFETP1.53%$4M136.2K
8JPMORGAN BETABUILDERS JAPANETP1.51%$4M57.2K
9SPDR BLOOMBERG CONVERTIBLE SETP1.19%$3M33.8K
10INVESCO SENIOR LOAN ETFETP1.16%$3M129.5K
11VANGUARD HIGH DVD YIELD ETFETP1.13%$3M20.0K
12PGRPROGRESSIVE CORPhistory →Common Stock1.12%$3M9.9K
13ISHARES JP MORGAN USD EMERGIETP1.12%$3M28.4K
14ISHARES J.P. MORGAN EM HIGHETP1.12%$3M67.4K
15INVESCO S&P 500 BUYWRITE ETFETP1.11%$3M119.5K
16SPDR S&P INTER DVD ETFETP1.11%$3M61.9K
17FOXAFOX CORP - CLASS Ahistory →Common Stock1.03%$2M43.0K
18INVESCO NASDAQ 100 ETFETP0.93%$2M9.6K
19TAT&T INCCommon Stock0.92%$2M74.4K
20METMETLIFE INCCommon Stock0.87%$2M25.3K
21ABGCENCORA INCCommon Stock0.84%$2M6.6K
22ISHARES FALLEN ANGELS ETFETP0.78%$2M67.8K
23ISHARES US&INTL HIGH YIELD CETP0.78%$2M39.7K
24FLEXSHARES HIGH YIELD VALUEETP0.78%$2M44.6K
25SPDR BLOOMBERG HIGH YIELD BOETP0.78%$2M18.8K
26ISHARES 0-5 YR HY CORP BONDETP0.78%$2M42.2K
27UALUNITED AIRLINES HOLDINGS INCCommon Stock0.73%$2M21.5K
28WELLWELLTOWER INCCommon Stock0.72%$2M11.0K
29CCL1EURCARNIVAL CORPCommon Stock0.72%$2M60.0K
30BNYBANK OF NEW YORK MELLON CORPCommon Stock0.70%$2M18.1K
31NTRSNORTHERN TRUST CORPCommon Stock0.67%$2M12.4K
32NEMNEWMONT CORPCommon Stock0.67%$2M26.8K
33WMBWILLIAMS COS INCCommon Stock0.66%$2M24.7K
34ISHARES MSCI BRAZIL ETFETP0.65%$2M52.8K
35WABWABTEC CORPCommon Stock0.65%$2M7.2K
36WMTWALMART INCCommon Stock0.63%$1M15.2K
37ADPAUTOMATIC DATA PROCESSINGCommon Stock0.62%$1M4.8K
38KMIKINDER MORGAN INCCommon Stock0.62%$1M49.6K
39SIMPLIFY BOND BULL ETFETP0.62%$1M30.0K
40GMGENERAL MOTORS COCommon Stock0.61%$1M29.0K
41CSCOCISCO SYSTEMS INCCommon Stock0.61%$1M20.5K
42NDAQNASDAQ INCCommon Stock0.60%$1M15.8K
43VANGUARD GLBL EX-US REAL ESTETP0.60%$1M30.4K
44VRSNVERISIGN INCCommon Stock0.60%$1M4.8K
45CAHCARDINAL HEALTH INCCommon Stock0.60%$1M8.3K
46ICEINTERCONTINENTAL EXCHANGE INCommon Stock0.60%$1M7.6K
47ABTABBOTT LABORATORIESCommon Stock0.59%$1M10.2K

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 ↗.