SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Mount Lucas Management LP

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

Reported Value
$243M
Q3 2025
Positions
163
Filings on Record
31
2019–present window
Filed
Nov 10, 2025
original filing

Summary

Mount Lucas Management LP reported $243M in U.S.-listed holdings across 163 positions for Q3 2025.

Its largest position, NDQ, represents 11.8% of the portfolio.

Compared with Q2 2025, the fund opened 8 new positions and exited 6.

Portfolio Metrics

Turnover
+10.7%
vs prior filed quarter
Top-10 Concentration
+24.4%
share of reported value
Largest Position
+11.8%
Invesco Qqq
New / Exited
8 / 6
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: 49.7%Common Stock: 42.2%REIT: 4.5%Other: 3.5%ADR: 0.1%
  • ETP · 49.7% · $121M
  • Common Stock · 42.2% · $103M
  • REIT · 4.5% · $11M
  • Other · 3.5% · $9M
  • ADR · 0.1% · $256,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RKTROCKET COS INC-CLASS ANEW+334.0K334.0K+$6M$6M
ISHARES PREFERRED & INCOME SNEW+91.0K91.0K+$3M$3M
ISHARES MORTGAGE REAL ESTATENEW+127.0K127.0K+$3M$3M
FTAI AVIATION LTDNEW+8.0K8.0K+$1M$1M
WWWW INTERNATIONAL INC-NEWNEW+40.0K40.0K+$1M$1M
ISHARES MSCI THAILAND ETFNEW+16.1K16.1K+$946,127$946,127
ISHARES NATIONAL MUNI BOND ENEW+6.9K6.9K+$730,095$730,095
ISHARES MSCI TURKEY ETFNEW+6.2K6.2K+$212,397$212,397

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

Holdings — Q3 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NDQINVESCO QQQ TRUST SERIES 1history →ETP11.80%$29M47.8K
2AGNCAGNC INVESTMENT CORPhistory →Common Stock1.84%$4M457.0K
3NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock1.80%$4M217.0K
4JPMORGAN BETABUILDERS JAPANETP1.55%$4M56.9K
5ISHARES MSCI AUSTRALIA ETFETP1.51%$4M135.9K
6SS SPDR BB CONV SEC ETFETP1.23%$3M33.1K
7ISHARES PREFERRED & INCOME SETP1.18%$3M91.0K
8INVESCO SENIOR LOAN ETFETP1.18%$3M136.9K
9ISHARES MORTGAGE REAL ESTATEETP1.15%$3M127.0K
10VANGUARD HIGH DVD YIELD ETFETP1.14%$3M19.6K
11ISHARES JP MORGAN USD EMERGIETP1.13%$3M29.0K
12ISHARES 7-10 YEAR TREASURY BETP1.13%$3M28.6K
13INVESCO S&P 500 BUYWRITE ETFETP1.13%$3M124.3K
14FOXAFOX CORP - CLASS Ahistory →Common Stock1.13%$3M43.6K
15ISHARES 1-3 YEAR TREASURY BOETP1.13%$3M33.1K
16ISHARES 3-7 YEAR TREASURY BOETP1.13%$3M23.0K
17ISHARES J.P. MORGAN EM HIGHETP1.12%$3M68.9K
18SPDR S&P INTER DVD ETFETP1.12%$3M63.6K
19PGRPROGRESSIVE CORPCommon Stock0.96%$2M9.4K
20INVESCO NASDAQ 100 ETFETP0.93%$2M9.1K
21NEMNEWMONT CORPCommon Stock0.88%$2M25.5K
22TAT&T INCCommon Stock0.88%$2M75.9K
23ABGCENCORA INCCommon Stock0.84%$2M6.6K
24BNYBANK OF NEW YORK MELLON CORPCommon Stock0.84%$2M18.7K
25WELLWELLTOWER INCCommon Stock0.83%$2M11.4K
26METMETLIFE INCCommon Stock0.83%$2M24.4K
27UALUNITED AIRLINES HOLDINGS INCCommon Stock0.81%$2M20.3K
28ISHARES FALLEN ANGELS ETFETP0.80%$2M69.9K
29FLEXSHARES HIGH YIELD VALUEETP0.79%$2M46.6K
30SS SPDR BB HIGH YIELD BONDETP0.79%$2M19.6K
31ISHARES US&INTL HIGH YIELD CETP0.79%$2M41.1K
32ISHARES 0-5 YR HY CORP BONDETP0.79%$2M44.2K
33GMGENERAL MOTORS COCommon Stock0.71%$2M28.2K
34CCL1EURCARNIVAL CORPCommon Stock0.69%$2M58.3K
35AEMAGNICO EAGLE MINES LTDCommon Stock0.68%$2M9.8K
36WMBWILLIAMS COS INCCommon Stock0.67%$2M25.6K
37WMTWALMART INCCommon Stock0.66%$2M15.7K
38ISHARES MSCI BRAZIL ETFETP0.66%$2M51.6K
39NTRSNORTHERN TRUST CORPCommon Stock0.65%$2M11.8K
40HOODROBINHOOD MARKETS INC - ACommon Stock0.64%$2M10.9K
41DALDELTA AIR LINES INCCommon Stock0.63%$2M26.8K
42WABWABTEC CORPCommon Stock0.61%$1M7.4K
43KMIKINDER MORGAN INCCommon Stock0.60%$1M51.6K
44CSCOCISCO SYSTEMS INCCommon Stock0.60%$1M21.2K
45VANGUARD GLBL EX-US REAL ESTETP0.59%$1M30.3K
46AUTOMATIC DATA PROCESSINGCommon Stock0.59%$1M4.9K
47NDAQNASDAQ INCCommon Stock0.59%$1M16.3K

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 ↗.