Q2 2023 · 13F-HR
LEUTHOLD GROUP, LLCholdings as filed
Filed 2023-08-08 · accession 0000897069-23-001121
$771.8M
Reported value
199
Positions
2023-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corp. | $23.2M | 3.00% | 68,062 | Common | SOLE |
| 25460E869 | SPDN | Direxion Daily S&P500 Bear 1X | $21.0M | 2.72% | 1,470,554 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $18.7M | 2.42% | 96,453 | Common | SOLE |
| 78464A516 | BWX | SPDR Bloomberg Barclays Intern | $18.5M | 2.39% | 818,347 | Common | SOLE |
| 512807108 | LRCXEUR | Lam Research Corp. | $17.8M | 2.31% | 27,722 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc. | $13.7M | 1.78% | 94,850 | Common | SOLE |
| 464287457 | SHY | iShares 1-3 Year Treasury Bond | $13.6M | 1.77% | 168,085 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR | $13.3M | 1.73% | 76,584 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc. | $12.1M | 1.57% | 42,127 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc. | $11.7M | 1.52% | 24,356 | Common | SOLE |
| 74348A210 | RWM | ProShares Short Russell2000 | $11.4M | 1.48% | 499,995 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $10.6M | 1.38% | 92,206 | Common | SOLE |
| 46138W107 | FXY | Invesco CurrencyShares Japanes | $10.5M | 1.36% | 163,200 | Common | SOLE |
| 464288117 | IGOV | iShares International Treasury | $10.1M | 1.31% | 256,083 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp. | $9.7M | 1.25% | 81,247 | Common | SOLE |
| 464285204 | IAU | iShares Gold Trust | $9.4M | 1.22% | 259,069 | Common | SOLE |
| 23331A109 | DHI | D.R. Horton Inc. | $9.4M | 1.22% | 77,396 | Common | SOLE |
| 745867101 | PHM | PulteGroup Inc. | $9.2M | 1.19% | 118,115 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. | $9.1M | 1.18% | 75,995 | Common | SOLE |
| 482480100 | KLAC | KLA Corporation | $9.0M | 1.16% | 18,506 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $8.7M | 1.13% | 80,976 | Common | SOLE |
| 92206C771 | VMBS | Vanguard Mortgage-Backed Secur | $8.2M | 1.06% | 177,568 | Common | SOLE |
| 466313103 | JBL | Jabil Inc. | $7.8M | 1.01% | 72,375 | Common | SOLE |
| 78463V107 | GLD | SPDR Gold Trust | $7.8M | 1.01% | 43,647 | Common | SOLE |
| 444859102 | HUM | Humana Inc. | $7.7M | 1.00% | 17,332 | Common | SOLE |
| 64110L106 | NFLX | Netflix Inc. | $7.6M | 0.98% | 17,246 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc. Cl A | $7.4M | 0.96% | 18,790 | Common | SOLE |
| 911363109 | URI | United Rentals Inc. | $7.4M | 0.95% | 16,528 | Common | SOLE |
| 780259305 | SHEL | Shell PLC Sponsored ADR | $7.0M | 0.91% | 116,339 | Common | SOLE |
| 464288588 | MBB | iShares MBS ETF | $6.7M | 0.86% | 71,381 | Common | SOLE |
| Y2573F102 | FLEX | Flex Ltd. | $6.6M | 0.86% | 239,048 | Common | SOLE |
| H84989104 | TEL1USD | TE Connectivity Ltd. | $6.6M | 0.85% | 46,880 | Common | SOLE |
| 526057104 | LEN | Lennar Corp. (Cl A) | $6.5M | 0.84% | 51,697 | Common | SOLE |
| 92343E102 | VRSN | VeriSign Inc. | $6.5M | 0.84% | 28,563 | Common | SOLE |
| 464287200 | IVV | iShares S&P 500 Fund | $6.4M | 0.83% | 14,402 | Common | SOLE |
| 83417M104 | SEDG | SolarEdge Technologies, Inc. | $6.3M | 0.82% | 23,492 | Common | SOLE |
| 70959W103 | PAG | Penske Automotive Grp Inc Com | $6.3M | 0.81% | 37,685 | Common | SOLE |
| 889478103 | TOL | Toll Brothers Inc. | $6.3M | 0.81% | 79,191 | Common | SOLE |
| 92189H300 | EMLC | VanEck Vectors J.P. Morgan EM | $6.2M | 0.80% | 240,700 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $6.0M | 0.78% | 115,751 | Common | SOLE |
| 92826C839 | V | Visa Inc. | $5.9M | 0.77% | 24,979 | Common | SOLE |
| 12626K203 | — | CRH PLC | $5.9M | 0.76% | 105,933 | Common | SOLE |
| 501889208 | LKQ | LKQ Corp. | $5.7M | 0.74% | 97,393 | Common | SOLE |
| 34959E109 | FTNT | Fortinet Inc. | $5.6M | 0.73% | 74,023 | Common | SOLE |
| 03073E105 | COR | AmerisourceBergen Corp. | $5.6M | 0.72% | 28,999 | Common | SOLE |
| 14149Y108 | CAH | Cardinal Health Inc. | $5.6M | 0.72% | 58,748 | Common | SOLE |
| 78468R408 | SJNK | SPDR Barclays Short Term High | $5.5M | 0.71% | 223,325 | Common | SOLE |
| 59001A102 | MTH | Meritage Homes Corp. | $5.5M | 0.71% | 38,654 | Common | SOLE |
| 46429B747 | STIP | iShares 0-5 Year TIPS Bond ETF | $5.4M | 0.69% | 54,897 | Common | SOLE |
| 78464A151 | IBND | SPDR Barclays International Co | $5.3M | 0.69% | 187,198 | Common | SOLE |
| 58155Q103 | MCK | McKesson Corp. | $5.2M | 0.68% | 12,261 | Common | SOLE |
| 00971T101 | AKAM | Akamai Technologies Inc. | $5.2M | 0.68% | 58,135 | Common | SOLE |
| 05329W102 | AN | AutoNation Inc. | $5.1M | 0.67% | 31,210 | Common | SOLE |
| 46432F842 | IEFA | iShares Core MSCI EAFE ETF | $5.1M | 0.66% | 74,901 | Common | SOLE |
| 95082P105 | WCC | Wesco International Inc. | $5.0M | 0.65% | 28,166 | Common | SOLE |
| 681919106 | OMC | Omnicom Group Inc. | $5.0M | 0.65% | 52,599 | Common | SOLE |
| 679295105 | OKTA | Okta, Inc. | $5.0M | 0.64% | 71,600 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc. | $4.9M | 0.64% | 10,096 | Common | SOLE |
| 380237107 | GDDY | GoDaddy, Inc. | $4.9M | 0.64% | 65,297 | Common | SOLE |
| M22465104 | CHKP | Check Point Software Tech LT | $4.9M | 0.63% | 38,969 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc. | $4.7M | 0.61% | 10,630 | Common | SOLE |
| 81369Y852 | XLC | Communication Services Select | $4.7M | 0.61% | 71,760 | Common | SOLE |
| 46138K103 | FXE | Invesco CurrencyShares Euro Tr | $4.6M | 0.60% | 46,092 | Common | SOLE |
| 92343V104 | VZ | Verizon Communications Inc. | $4.6M | 0.60% | 123,721 | Common | SOLE |
| 86614U100 | 7SU | Summit Materials, Inc. | $4.6M | 0.59% | 121,176 | Common | SOLE |
| 16119P108 | CHTR | Charter Communications Inc. | $4.5M | 0.58% | 12,282 | Common | SOLE |
| 26969P108 | EXP | Eagle Materials Inc. | $4.3M | 0.55% | 22,923 | Common | SOLE |
| 87724P106 | TMHC | Taylor Morrison Home Corp. Cla | $4.2M | 0.55% | 86,359 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Materials Inc. | $4.2M | 0.54% | 9,094 | Common | SOLE |
| 922020805 | VTIP | Vanguard Short-Term Inflation- | $4.1M | 0.54% | 87,359 | Common | SOLE |
| 086516101 | BBY | Best Buy Co. Inc. | $4.1M | 0.54% | 50,486 | Common | SOLE |
| 151290889 | CX | Cemex S.A.B. de C.V. | $4.1M | 0.53% | 582,937 | Common | SOLE |
| 858119100 | STLD | Steel Dynamics Inc. | $4.1M | 0.53% | 37,610 | Common | SOLE |
| 90384S303 | ULTA | Ulta Beauty, Inc. | $4.0M | 0.52% | 8,464 | Common | SOLE |
| 759351604 | RGA | Reinsurance Group of America I | $3.9M | 0.50% | 27,951 | Common | SOLE |
| 03938L203 | MT | ArcelorMittal SA ADR | $3.8M | 0.49% | 138,264 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd. | $3.8M | 0.49% | 48,274 | Common | SOLE |
| 25659T107 | DLB | Dolby Laboratories Inc. | $3.8M | 0.49% | 45,015 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharmaceuticals Inc. | $3.7M | 0.48% | 5,157 | Common | SOLE |
| 55306N104 | MKSI | MKS Instruments Inc. | $3.7M | 0.48% | 34,035 | Common | SOLE |
| 460690100 | IPG | Interpublic Group Cos. Inc. | $3.7M | 0.47% | 94,922 | Common | SOLE |
| 74758T303 | QLYS | Qualys, Inc. | $3.7M | 0.47% | 28,274 | Common | SOLE |
| 253393102 | DKS | Dick's Sporting Goods, Inc. | $3.6M | 0.47% | 27,159 | Common | SOLE |
| 92206C714 | VONV | Vanguard Russell 1000 Value ET | $3.6M | 0.46% | 51,325 | Common | SOLE |
| 552676108 | MDC1USD | M.D.C. Holdings Inc. | $3.5M | 0.46% | 75,167 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc. | $3.5M | 0.45% | 14,152 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR | $3.5M | 0.45% | 32,398 | Common | SOLE |
| 464287226 | AGG | iShares Core Total U.S. Bond M | $3.5M | 0.45% | 35,474 | Common | SOLE |
| 912909108 | USX1 | United States Steel Corp. | $3.5M | 0.45% | 138,737 | Common | SOLE |
| 92937A102 | WPP | WPP PLC NEW | $3.5M | 0.45% | 66,172 | Common | SOLE |
| 445658107 | JBHT | Hunt J.B. Trans Svcs Inc | $3.4M | 0.45% | 18,974 | Common | SOLE |
| G9078F107 | — | Triton International Ltd. Clas | $3.4M | 0.44% | 41,245 | Common | SOLE |
| 717081103 | PFE | Pfizer Inc. | $3.4M | 0.44% | 93,443 | Common | SOLE |
| 48666K109 | KBH | KB Home | $3.4M | 0.44% | 65,906 | Common | SOLE |
| N00985106 | AER | AerCap Holdings NV | $3.4M | 0.44% | 53,355 | Common | SOLE |
| 464288752 | ITB | iShares DJ US Home Constructio | $3.4M | 0.44% | 39,409 | Common | SOLE |
| 78464A714 | XRT | SPDR S&P Retail ETF | $3.3M | 0.43% | 52,481 | Common | SOLE |
| 00402L107 | ASO | Academy Sports and Outdoors, I | $3.3M | 0.42% | 60,630 | Common | SOLE |
| 87241L109 | TFII | TFI International Inc. | $3.3M | 0.42% | 28,695 | Common | SOLE |
| 15135B101 | CNC | Centene Corp. | $3.2M | 0.41% | 47,124 | Common | SOLE |
| 437076102 | HD | Home Depot Inc. | $3.1M | 0.40% | 10,062 | Common | SOLE |
| 81369Y209 | XLV | Health Care Select Sector SPDR | $3.1M | 0.40% | 23,503 | Common | SOLE |
| 244199105 | DE | Deere & Co. | $3.1M | 0.40% | 7,565 | Common | SOLE |
| 693718108 | PCAR | Paccar Inc. | $3.0M | 0.39% | 35,633 | Common | SOLE |
| 219350105 | GLW | Corning Inc. | $2.9M | 0.38% | 83,896 | Common | SOLE |
| G81276100 | SIG | Signet Jewelers Ltd. | $2.9M | 0.38% | 44,683 | Common | SOLE |
| 070830104 | BBWI | Bath & Body Works, Inc. | $2.9M | 0.37% | 77,120 | Common | SOLE |
| 499049104 | KNX | Knight-Swift Transportation Ho | $2.9M | 0.37% | 51,694 | Common | SOLE |
| 801056102 | SANM | Sanmina Corporation | $2.8M | 0.37% | 47,285 | Common | SOLE |
| 464287440 | IEF | iShares 7-10 Year Treasury Bon | $2.8M | 0.37% | 29,291 | Common | SOLE |
| 880779103 | TEX | Terex Corp. | $2.7M | 0.35% | 45,407 | Common | SOLE |
| 969904101 | WSM | Williams-Sonoma Inc. | $2.6M | 0.34% | 21,152 | Common | SOLE |
| 703395103 | PDCOEUR | Patterson Cos Inc | $2.6M | 0.34% | 79,490 | Common | SOLE |
| 464288828 | IHF | iShares U.S. Healthcare Provid | $2.6M | 0.33% | 10,100 | Common | SOLE |
| 464287432 | TLT | iShares 20 Year Treasury Bond | $2.6M | 0.33% | 24,877 | Common | SOLE |
| 743312100 | PRGS | Progress Software Corp | $2.5M | 0.33% | 43,803 | Common | SOLE |
| 01973R101 | ALSN | Allison Transmission Holdings, | $2.5M | 0.33% | 44,536 | Common | SOLE |
| M78673114 | PERI | Perion Network Ltd | $2.4M | 0.31% | 77,734 | Common | SOLE |
| 882681109 | TXRH | Texas Roadhouse Inc | $2.4M | 0.31% | 21,074 | Common | SOLE |
| 36251C103 | GMS1EUR | GMS Inc. | $2.3M | 0.30% | 33,593 | Common | SOLE |
| 88337F105 | ODP1 | ODP Corporation | $2.2M | 0.29% | 47,897 | Common | SOLE |
| 109641100 | EAT | Brinker International Inc | $2.2M | 0.28% | 59,937 | Common | SOLE |
| 80689H102 | SNDR | Schneider National, Inc. | $2.1M | 0.27% | 71,561 | Common | SOLE |
| 03937C105 | ARCB | ArcBest Corporation | $2.0M | 0.26% | 20,298 | Common | SOLE |
| 464287192 | IYT | iShares US Transportation ETF | $1.9M | 0.25% | 7,776 | Common | SOLE |
| 46434G764 | EMXC | iShares MSCI Emerging Markets | $1.9M | 0.25% | 37,135 | Common | SOLE |
| 001084102 | AGCO | AGCO Corp. | $1.9M | 0.25% | 14,671 | Common | SOLE |
| 92206C409 | VCSH | Vanguard Short-Term Corporate | $1.9M | 0.25% | 25,390 | Common | SOLE |
| 78468R663 | BIL | SPDR Bloomberg Barclays 1-3 Mo | $1.9M | 0.25% | 20,809 | Common | SOLE |
| 783549108 | R | Ryder System Inc. | $1.9M | 0.25% | 22,390 | Common | SOLE |
| 231021106 | CMI | Cummins Inc. | $1.9M | 0.24% | 7,588 | Common | SOLE |
| 950755108 | WERN | Werner Enterprises Inc. | $1.8M | 0.24% | 41,410 | Common | SOLE |
| 553530106 | MSM | MSC Industrial Direct Inc. | $1.7M | 0.22% | 17,955 | Common | SOLE |
| N20944109 | CNH | CNH Industrial NV | $1.7M | 0.22% | 117,984 | Common | SOLE |
| 316092402 | FENY | Fidelity Covington Trust | $1.6M | 0.21% | 71,525 | Common | SOLE |
| 78464A862 | XSD | SPDR S&P Semiconductor ETF | $1.4M | 0.18% | 6,143 | Common | SOLE |
| 46137V381 | RSPD | Invesco Exchange Traded FD T | $1.3M | 0.17% | 9,599 | Common | SOLE |
| 78464A888 | XHB | SPDR S&P Homebuilders ETF | $929,312 | 0.12% | 11,573 | Common | SOLE |
| 78464A599 | XSW | SPDR S&P Software & Services E | $857,835 | 0.11% | 6,433 | Common | SOLE |
| 78464A755 | XME | SPDR S&P Metals & Mining ETF | $827,197 | 0.11% | 16,277 | Common | SOLE |
| 464288786 | IAK | iShares U.S. Insurance ETF | $816,674 | 0.11% | 9,292 | Common | SOLE |
| 136385101 | CNQ | Canadian Natural Resources Ltd | $796,754 | 0.10% | 14,162 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc. | $771,097 | 0.10% | 6,738 | Common | SOLE |
| G3223R108 | EG | Everest Re Group Ltd. | $751,408 | 0.10% | 2,198 | Common | SOLE |
| 003261104 | BCI | Aberdeen Standard Bloomberg Al | $745,597 | 0.10% | 36,984 | Common | SOLE |
| 464288281 | EMB | iShares JPMorgan USD Emerging | $710,407 | 0.09% | 8,209 | Common | SOLE |
| 92206C102 | VGSH | Vanguard Short-Term Treasury E | $699,226 | 0.09% | 12,112 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc. | $608,956 | 0.08% | 1,888 | Common | SOLE |
| 87265H109 | T86 | TRI Pointe Group Inc | $566,178 | 0.07% | 17,230 | Common | SOLE |
| 46434G848 | PICK | iShares MSCI Global Metals & M | $519,061 | 0.07% | 12,829 | Common | SOLE |
| 247361702 | DAL | Delta Air Lines Inc. | $499,027 | 0.06% | 10,497 | Common | SOLE |
| 69370C100 | PTC | PTC Inc. | $491,362 | 0.06% | 3,453 | Common | SOLE |
| 66987V109 | NVS | Novartis AG ADS | $486,790 | 0.06% | 4,824 | Common | SOLE |
| 31428X106 | FDX | FedEx Corp. | $476,216 | 0.06% | 1,921 | Common | SOLE |
| 573874104 | MRVL | Marvell Technology Inc. | $475,849 | 0.06% | 7,960 | Common | SOLE |
| 674215207 | CHRD | Chord Energy Corp. | $467,706 | 0.06% | 3,041 | Common | SOLE |
| 03743Q108 | APA | APA Corp. | $437,000 | 0.06% | 12,789 | Common | SOLE |
| 020002101 | ALL | Allstate Corp. | $409,990 | 0.05% | 3,760 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $387,317 | 0.05% | 2,340 | Common | SOLE |
| 031652100 | AMKR | Amkor Technology Inc. | $381,068 | 0.05% | 12,809 | Common | SOLE |
| 37045V100 | GM | General Motors Co. | $378,466 | 0.05% | 9,815 | Common | SOLE |
| 375916103 | GIL | Gildan Activewear Inc. | $369,535 | 0.05% | 11,462 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc. | $365,181 | 0.05% | 12,455 | Common | SOLE |
| 254543101 | DIOD | Diodes Inc. | $359,786 | 0.05% | 3,890 | Common | SOLE |
| 910047109 | UAL | United Airlines Holdings, Inc. | $349,741 | 0.05% | 6,374 | Common | SOLE |
| 680223104 | ORI | Old Republic International Cor | $348,026 | 0.05% | 13,827 | Common | SOLE |
| 783513203 | RYAAY | Ryanair Holdings PLC | $346,399 | 0.04% | 3,132 | Common | SOLE |
| 860630102 | SF | Stifel Financial Corp. | $343,461 | 0.04% | 5,756 | Common | SOLE |
| 26874R108 | E | ENI S.p.A. ADS | $330,883 | 0.04% | 11,493 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co. | $330,110 | 0.04% | 5,162 | Common | SOLE |
| 81369Y407 | XLY | Select Sector SPDF TR | $326,205 | 0.04% | 1,921 | Common | SOLE |
| 880890108 | TX | Ternium S.A. Sponsored ADR | $325,764 | 0.04% | 8,216 | Common | SOLE |
| 71654V408 | PBR | Petroleo Brasileiro SA Sponsor | $323,650 | 0.04% | 23,402 | Common | SOLE |
| 83088M102 | SWKS | Skyworks Solutions Inc | $309,711 | 0.04% | 2,798 | Common | SOLE |
| 91336L107 | — | Univar Solutions, Inc. | $304,532 | 0.04% | 8,497 | Common | SOLE |
| 05964H105 | SAN | Banco Santander S.A. ADR | $299,096 | 0.04% | 80,619 | Common | SOLE |
| 02376R102 | AAL | American Airlines Group Inc. | $295,508 | 0.04% | 16,472 | Common | SOLE |
| 60687Y109 | MFG | Mizuho Financial Group Inc. AD | $294,699 | 0.04% | 95,993 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $290,413 | 0.04% | 5,395 | Common | SOLE |
| 874060205 | TAK | Takeda Pharmaceutical Co. Ltd. | $278,491 | 0.04% | 17,727 | Common | SOLE |
| 201723103 | CMC | Commercial Metals Co. | $271,726 | 0.04% | 5,160 | Common | SOLE |
| 458140100 | INTC | Intel Corp. | $256,853 | 0.03% | 7,681 | Common | SOLE |
| 783754104 | RYZ | Ryerson Holding Corporation | $245,748 | 0.03% | 5,665 | Common | SOLE |
| 034164103 | ANDE | Andersons Inc. | $241,503 | 0.03% | 5,233 | Common | SOLE |
| 45867G101 | IDCC | InterDigital Inc. | $235,872 | 0.03% | 2,443 | Common | SOLE |
| 754730109 | RJF | Raymond James Financial Inc | $232,964 | 0.03% | 2,245 | Common | SOLE |
| 26210C104 | DBX | Dropbox, Inc. | $232,616 | 0.03% | 8,722 | Common | SOLE |
| 373737105 | GGB | Gerdau S.A. | $227,723 | 0.03% | 43,625 | Common | SOLE |
| 46138G649 | QQQM | Invesco NASDAQ 100 ETF | $226,906 | 0.03% | 1,493 | Common | SOLE |
| 37733W204 | GSK | GSK plc Sponsored ADR | $224,532 | 0.03% | 6,300 | Common | SOLE |
| 06738E204 | BCS | Barclays PLC | $223,169 | 0.03% | 28,393 | Common | SOLE |
| 48203R104 | JNP | Juniper Networks Inc. | $218,057 | 0.03% | 6,960 | Common | SOLE |
| 002121101 | ATEN | A10 Networks, Inc. | $217,303 | 0.03% | 14,894 | Common | SOLE |
| 556269108 | SHOO | Madden Steven Ltd | $210,295 | 0.03% | 6,433 | Common | SOLE |
| 46138T104 | FXC | Invesco CurrencyShares Canadia | $203,997 | 0.03% | 2,760 | Common | SOLE |
| 457030104 | IMKTA | Ingles Markets, Inc. | $203,236 | 0.03% | 2,459 | Common | SOLE |
| 654902204 | NOK | Nokia Corp. | $201,831 | 0.03% | 48,517 | Common | SOLE |
| 808524755 | FNDF | Schwab Fundamental Internation | $200,618 | 0.03% | 6,213 | Common | SOLE |
| 172967424 | C | Citigroup Inc. | $200,412 | 0.03% | 4,353 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.