SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Mount Lucas Management LP

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

Reported Value
$250M
Q4 2025
Positions
171
Filings on Record
31
2019–present window
Filed
Feb 5, 2026
original filing

Summary

Mount Lucas Management LP reported $250M in U.S.-listed holdings across 171 positions for Q4 2025.

Its largest position, Invesco S P 500 Pure Value E, represents 8.6% of the portfolio.

Compared with Q3 2025, the fund opened 10 new positions and exited 1.

Portfolio Metrics

Turnover
+15.2%
vs prior filed quarter
Top-10 Concentration
+21.7%
share of reported value
Largest Position
+8.6%
Invesco S P 500 Pure Value E
New / Exited
10 / 1
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: 49.5%Common Stock: 42.6%Other: 4.6%REIT: 3.2%ADR: 0.1%
  • ETP · 49.5% · $124M
  • Common Stock · 42.6% · $106M
  • Other · 4.6% · $12M
  • REIT · 3.2% · $8M
  • ADR · 0.1% · $225,693

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
INVESCO S&P 500 PURE VALUE ENEW+207.7K207.7K+$21M$21M
IREN LTDNEW+100.0K100.0K+$4M$4M
ISHARES RUSSELL 1000 VALUE ENEW+8.4K8.4K+$2M$2M
MOHMOLINA HEALTHCARE INCNEW+9.5K9.5K+$2M$2M
ADPAUTOMATIC DATA PROCESSINGNEW+4.9K4.9K+$1M$1M
ISHARES MSCI INDONESIA ETFNEW+51.6K51.6K+$965,649$965,649
ISHARES MSCI INDIA ETFNEW+17.5K17.5K+$944,632$944,632
T0VTIC SOLUTIONS INCNEW+80.0K80.0K+$808,800$808,800

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

Holdings — Q4 2025

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INVESCO S&P 500 PURE VALUE EETP8.58%$21M207.7K
2NDQINVESCO QQQ TRUST SERIES 1history →ETP2.80%$7M11.4K
3ISHARES MSCI AUSTRALIA ETFETP1.56%$4M149.4K
4JPMORGAN BETABUILDERS JAPANETP1.55%$4M58.7K
5FOXAFOX CORP - CLASS Ahistory →Common Stock1.27%$3M43.6K
6AGNCAGNC INVESTMENT CORPhistory →Common Stock1.20%$3M279.9K
7INVESCO SENIOR LOAN ETFETP1.20%$3M142.4K
8ISHARES PREFERRED & INCOME SETP1.19%$3M96.5K
9ISHARES MORTGAGE REAL ESTATEETP1.19%$3M133.6K
10NLYANNALY CAPITAL MANAGEMENT INhistory →Common Stock1.18%$3M132.0K
11SS SPDR BB CONV SEC ETFETP1.17%$3M32.8K
12STATE STREET SPDR S&P INTERNETP1.15%$3M65.4K
13ISHARES J.P. MORGAN EM HIGHETP1.14%$3M70.6K
14INVESCO S&P 500 BUYWRITE ETFETP1.14%$3M124.4K
15ISHARES JP MORGAN USD EMERGIETP1.13%$3M29.4K
16VANGUARD HIGH DVD YIELD ETFETP1.12%$3M19.5K
17NEMNEWMONT CORPhistory →Common Stock1.01%$3M25.4K
18GMGENERAL MOTORS COCommon Stock0.93%$2M28.5K
19UALUNITED AIRLINES HOLDINGS INCCommon Stock0.90%$2M20.2K
20ABGCENCORA INCCommon Stock0.88%$2M6.5K
21BNYBANK OF NEW YORK MELLON CORPCommon Stock0.87%$2M18.7K
22PGRPROGRESSIVE CORPCommon Stock0.85%$2M9.3K
23WELLWELLTOWER INCCommon Stock0.85%$2M11.4K
24ISHARES US&INTL HIGH YIELD CETP0.80%$2M43.2K
25ISHARES 1-3 YEAR TREASURY BOETP0.80%$2M24.0K
26ISHARES 0-5 YR HY CORP BONDETP0.79%$2M46.4K
27SS SPDR BB HIGH YIELD BONDETP0.79%$2M20.4K
28FLEXSHARES HIGH YIELD VALUEETP0.79%$2M48.7K
29ISHARES 3-7 YEAR TREASURY BOETP0.79%$2M16.6K
30ISHARES FALLEN ANGELS ETFETP0.79%$2M72.4K
31ISHARES 7-10 YEAR TREASURY BETP0.79%$2M20.5K
32METMETLIFE INCCommon Stock0.78%$2M24.6K
33TAT&T INCCommon Stock0.75%$2M75.9K
34DALDELTA AIR LINES INCCommon Stock0.75%$2M27.1K
35CCL1EURCARNIVAL CORPCommon Stock0.72%$2M58.7K
36FTAI AVIATION LTDCommon Stock0.71%$2M9.0K
37ISHARES RUSSELL 1000 VALUE EETP0.71%$2M8.4K
38CAHCARDINAL HEALTH INCCommon Stock0.71%$2M8.6K
39WMTWALMART INCCommon Stock0.70%$2M15.7K
40MOHMOLINA HEALTHCARE INCCommon Stock0.66%$2M9.5K
41CSCOCISCO SYSTEMS INCCommon Stock0.66%$2M21.3K
42AEMAGNICO EAGLE MINES LTDCommon Stock0.65%$2M9.6K
43NTRSNORTHERN TRUST CORPCommon Stock0.65%$2M11.9K
44WABWABTEC CORPCommon Stock0.63%$2M7.4K
45NDAQNASDAQ INCCommon Stock0.63%$2M16.3K
46ISHARES MSCI BRAZIL ETFETP0.63%$2M49.6K

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 ↗.