Q3 2023 · 13F-HR
LEUTHOLD GROUP, LLCholdings as filed
Filed 2023-11-07 · accession 0000897069-23-001558
$713.0M
Reported value
182
Positions
2023-09-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 25460E869 | SPDN | Direxion Daily S&P500 Bear 1X | $26.6M | 3.73% | 1,790,778 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp. | $21.1M | 2.96% | 66,831 | Common | SOLE |
| 512807108 | LRCXEUR | Lam Research Corp. | $17.1M | 2.39% | 27,221 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $16.2M | 2.27% | 94,707 | Common | SOLE |
| 74348A210 | RWM | ProShares Short Russell2000 | $14.7M | 2.06% | 605,487 | Common | SOLE |
| 464287457 | SHY | iShares 1-3 Year Treasury Bond | $13.5M | 1.90% | 166,893 | Common | SOLE |
| 464288638 | IGIB | iShares 5-10yr Investment Grad | $12.9M | 1.81% | 265,067 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc. | $12.9M | 1.81% | 93,138 | Common | SOLE |
| 91324P102 | UNH | UnitedHealth Group Inc. | $12.6M | 1.77% | 25,081 | Common | SOLE |
| 81369Y803 | XLK | Technology Select Sector SPDR | $12.4M | 1.74% | 75,777 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc. | $12.4M | 1.74% | 41,368 | Common | SOLE |
| 78464A516 | BWX | SPDR Bloomberg Barclays Intern | $12.1M | 1.70% | 571,779 | Common | SOLE |
| 464288117 | IGOV | iShares International Treasury | $11.9M | 1.67% | 320,079 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. | $9.8M | 1.37% | 74,623 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $9.4M | 1.31% | 79,537 | Common | SOLE |
| 466313103 | JBL | Jabil Inc. | $9.0M | 1.26% | 71,066 | Common | SOLE |
| 444859102 | HUM | Humana Inc. | $8.9M | 1.24% | 18,194 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $8.8M | 1.24% | 85,941 | Common | SOLE |
| 745867101 | PHM | PulteGroup Inc. | $8.6M | 1.20% | 115,966 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp. | $8.5M | 1.19% | 79,780 | Common | SOLE |
| 482480100 | KLAC | KLA Corporation | $8.3M | 1.17% | 18,167 | Common | SOLE |
| 23331A109 | DHI | D.R. Horton Inc. | $8.2M | 1.15% | 75,991 | Common | SOLE |
| 58155Q103 | MCK | McKesson Corp. | $7.9M | 1.10% | 18,115 | Common | SOLE |
| 780259305 | SHEL | Shell PLC | $7.4M | 1.03% | 114,262 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc. | $7.3M | 1.02% | 18,450 | Common | SOLE |
| 911363109 | URI | United Rentals Inc. | $7.2M | 1.01% | 16,229 | Common | SOLE |
| 036752103 | ELV | Elevance Health Inc. | $6.5M | 0.91% | 14,974 | Common | SOLE |
| 64110L106 | NFLX | Netflix Inc. | $6.4M | 0.90% | 16,934 | Common | SOLE |
| 03073E105 | COR | Cencora Inc. | $6.4M | 0.90% | 35,503 | Common | SOLE |
| Y2573F102 | FLEX | Flex Ltd. | $6.3M | 0.89% | 234,725 | Common | SOLE |
| 14149Y108 | CAH | Cardinal Health Inc. | $6.2M | 0.87% | 71,494 | Common | SOLE |
| 464287200 | IVV | iShares S&P 500 Fund | $6.2M | 0.87% | 14,402 | Common | SOLE |
| 70959W103 | PAG | Penske Automotive Grp Inc | $6.2M | 0.87% | 37,002 | Common | SOLE |
| 00971T101 | AKAM | Akamai Technologies Inc. | $6.1M | 0.85% | 57,123 | Common | SOLE |
| 889478103 | TOL | Toll Brothers Inc. | $5.8M | 0.81% | 77,776 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $5.7M | 0.81% | 106,895 | Common | SOLE |
| 679295105 | OKTA | Okta, Inc. | $5.7M | 0.81% | 70,454 | Common | SOLE |
| 806857108 | SLB | Schlumberger | $5.7M | 0.80% | 97,856 | Common | SOLE |
| 526057104 | LEN | Lennar Corp. | $5.7M | 0.80% | 50,777 | Common | SOLE |
| 92189H300 | EMLC | VanEck Vectors J.P. Morgan EM | $5.7M | 0.80% | 238,735 | Common | SOLE |
| 12626K203 | — | CRH PLC | $5.7M | 0.80% | 104,096 | Common | SOLE |
| H84989104 | TEL1USD | TE Connectivity Ltd. | $5.7M | 0.80% | 46,032 | Common | SOLE |
| 92826C839 | V | Visa Inc. | $5.6M | 0.79% | 24,523 | Common | SOLE |
| G3223R108 | EG | Everest Group Ltd. | $5.5M | 0.77% | 14,776 | Common | SOLE |
| 46429B747 | STIP | iShares 0-5 Year TIPS Bond ETF | $5.3M | 0.75% | 54,897 | Common | SOLE |
| 16119P108 | CHTR | Charter Communications Inc. | $5.3M | 0.74% | 12,061 | Common | SOLE |
| 15135B101 | CNC | Centene Corp. | $5.2M | 0.73% | 76,062 | Common | SOLE |
| M22465104 | CHKP | Check Point Software Tech LT | $5.2M | 0.73% | 39,143 | Common | SOLE |
| 00724F101 | ADBE | Adobe Inc. | $5.1M | 0.71% | 9,913 | Common | SOLE |
| 95082P105 | WCC | Wesco International Inc. | $4.9M | 0.69% | 34,415 | Common | SOLE |
| 78464A151 | IBND | SPDR Barclays International Co | $4.9M | 0.69% | 181,865 | Common | SOLE |
| 759351604 | RGA | Reinsurance Group of America I | $4.9M | 0.68% | 33,411 | Common | SOLE |
| 46432F842 | IEFA | iShares Core MSCI EAFE ETF | $4.8M | 0.68% | 74,901 | Common | SOLE |
| 05722G100 | BKR | Baker Hughes Company | $4.8M | 0.67% | 135,976 | Common | SOLE |
| G7496G103 | RNR | RenaissanceRe Holdings Ltd. | $4.8M | 0.67% | 24,161 | Common | SOLE |
| 380237107 | GDDY | GoDaddy, Inc. | $4.8M | 0.67% | 64,177 | Common | SOLE |
| 406216101 | HAL | Halliburton Co. | $4.8M | 0.67% | 117,428 | Common | SOLE |
| 501889208 | LKQ | LKQ Corp. | $4.7M | 0.66% | 95,641 | Common | SOLE |
| 81369Y852 | XLC | Communication Services Select | $4.7M | 0.66% | 72,155 | Common | SOLE |
| 59001A102 | MTH | Meritage Homes Corp. | $4.6M | 0.65% | 37,967 | Common | SOLE |
| 05329W102 | AN | AutoNation Inc. | $4.6M | 0.65% | 30,646 | Common | SOLE |
| 40412C101 | HCA | HCA Healthcare Inc | $4.5M | 0.63% | 18,322 | Common | SOLE |
| 912909108 | USX1 | United States Steel Corp. | $4.4M | 0.62% | 136,327 | Common | SOLE |
| 46138K103 | FXE | Invesco CurrencyShares Euro | $4.4M | 0.61% | 44,726 | Common | SOLE |
| M98068105 | WIX | Wix.com Ltd. | $4.4M | 0.61% | 47,510 | Common | SOLE |
| N00985106 | AER | AerCap Holdings NV | $4.3M | 0.61% | 69,099 | Common | SOLE |
| 34959E109 | FTNT | Fortinet Inc. | $4.3M | 0.60% | 72,687 | Common | SOLE |
| 74758T303 | QLYS | Qualys, Inc. | $4.2M | 0.59% | 27,762 | Common | SOLE |
| 872590104 | TMUS | T-Mobile US Inc | $4.2M | 0.58% | 29,714 | Common | SOLE |
| 922020805 | VTIP | Vanguard Short-Term Inflation- | $4.0M | 0.57% | 85,442 | Common | SOLE |
| 858119100 | STLD | Steel Dynamics Inc. | $4.0M | 0.56% | 36,932 | Common | SOLE |
| 88031M109 | TS | Tenaris S.A. | $3.9M | 0.55% | 124,045 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc. | $3.8M | 0.53% | 13,898 | Common | SOLE |
| 693718108 | PCAR | Paccar Inc. | $3.8M | 0.53% | 44,497 | Common | SOLE |
| 26969P108 | EXP | Eagle Materials Inc. | $3.8M | 0.53% | 22,529 | Common | SOLE |
| 151290889 | CX | Cemex S.A.B. de C.V. | $3.7M | 0.52% | 572,405 | Common | SOLE |
| 86614U100 | 7SU | Summit Materials, Inc. | $3.7M | 0.52% | 119,091 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Materials Inc. | $3.7M | 0.51% | 8,932 | Common | SOLE |
| 87241L109 | TFII | TFI International Inc. | $3.6M | 0.51% | 28,178 | Common | SOLE |
| 87724P106 | TMHC | Taylor Morrison Home Corp. Cla | $3.6M | 0.51% | 84,799 | Common | SOLE |
| 244199105 | DE | Deere & Co. | $3.6M | 0.50% | 9,488 | Common | SOLE |
| 445658107 | JBHT | J.B. Hunt Transport Services I | $3.5M | 0.49% | 18,631 | Common | SOLE |
| 25659T107 | DLB | Dolby Laboratories Inc. | $3.5M | 0.49% | 44,246 | Common | SOLE |
| 92206C714 | VONV | Vanguard Russell 1000 Value ET | $3.4M | 0.48% | 51,325 | Common | SOLE |
| 81369Y209 | XLV | Health Care Select Sector SPDR | $3.4M | 0.48% | 26,396 | Common | SOLE |
| 464287226 | AGG | iShares Core Total U.S. Bond M | $3.3M | 0.47% | 35,474 | Common | SOLE |
| 81369Y704 | XLI | Industrial Select Sector SPDR | $3.3M | 0.46% | 32,437 | Common | SOLE |
| 670346105 | NUE | Nucor Corp. | $3.3M | 0.46% | 20,890 | Common | SOLE |
| 969904101 | WSM | Williams-Sonoma Inc. | $3.2M | 0.45% | 20,768 | Common | SOLE |
| 46434V407 | SHYG | iShares 0-5 Year High Yield Co | $3.1M | 0.44% | 75,978 | Common | SOLE |
| 464288752 | ITB | iShares DJ US Home Constructio | $3.1M | 0.43% | 39,031 | Common | SOLE |
| 552676108 | MDC1USD | M.D.C. Holdings Inc. | $3.0M | 0.43% | 73,809 | Common | SOLE |
| 62955J103 | NOV | NOV Inc. | $3.0M | 0.42% | 144,577 | Common | SOLE |
| 48666K109 | KBH | KB Home | $3.0M | 0.42% | 64,736 | Common | SOLE |
| 83417M104 | SEDG | SolarEdge Technologies, Inc. | $3.0M | 0.42% | 23,064 | Common | SOLE |
| 437076102 | HD | Home Depot Inc. | $3.0M | 0.42% | 9,879 | Common | SOLE |
| 46138W107 | FXY | Invesco CurrencyShares Japan | $2.9M | 0.41% | 46,511 | Common | SOLE |
| 55306N104 | MKSI | MKS Instruments Inc. | $2.9M | 0.41% | 33,414 | Common | SOLE |
| 464287440 | IEF | iShares 7-10 Year Treasury Bon | $2.6M | 0.37% | 28,657 | Common | SOLE |
| 01973R101 | ALSN | Allison Transmission Holdings | $2.6M | 0.36% | 43,729 | Common | SOLE |
| 880779103 | TEX | Terex Corp. | $2.6M | 0.36% | 44,585 | Common | SOLE |
| 219350105 | GLW | Corning Inc. | $2.5M | 0.35% | 82,379 | Common | SOLE |
| 781846209 | RUSHA | Rush Enterprises Inc Cl A | $2.4M | 0.34% | 59,509 | Common | SOLE |
| G8766E109 | TGHEUR | Textainer Group Holdings Ltd S | $2.4M | 0.34% | 64,709 | Common | SOLE |
| 464288828 | IHF | iShares U.S. Healthcare Provid | $2.4M | 0.34% | 9,776 | Common | SOLE |
| 09739D100 | BCC | Boise Cascade Co. Del | $2.4M | 0.33% | 22,953 | Common | SOLE |
| 783549108 | R | Ryder System Inc. | $2.4M | 0.33% | 21,989 | Common | SOLE |
| 743312100 | PRGS | Progress Software Corp | $2.3M | 0.32% | 43,074 | Common | SOLE |
| 88033G407 | THC | Tenet Healthcare Corporation | $2.2M | 0.31% | 33,634 | Common | SOLE |
| 464287432 | TLT | iShares 20 Year Treasury Bond | $2.1M | 0.30% | 24,205 | Common | SOLE |
| 36251C103 | GMS1EUR | GMS Inc. | $2.1M | 0.30% | 33,055 | Common | SOLE |
| 78468R408 | SJNK | SPDR Barclays Short Term High | $2.0M | 0.29% | 83,340 | Common | SOLE |
| 53115L104 | LBRT | Liberty Energy, Inc. | $2.0M | 0.29% | 110,033 | Common | SOLE |
| 03937C105 | ARCB | ArcBest Corporation | $2.0M | 0.28% | 19,932 | Common | SOLE |
| 80689H102 | SNDR | Schneider National, Inc. | $1.9M | 0.27% | 70,271 | Common | SOLE |
| 78464A714 | XRT | SPDR S&P Retail ETF | $1.9M | 0.27% | 31,615 | Common | SOLE |
| 78468R663 | BIL | SPDR Bloomberg Barclays 1-3 Mo | $1.9M | 0.27% | 20,929 | Common | SOLE |
| 92206C409 | VCSH | Vanguard Short-Term Corporate | $1.9M | 0.27% | 25,390 | Common | SOLE |
| 46434G764 | EMXC | iShares MSCI Emerging Markets | $1.8M | 0.26% | 37,068 | Common | SOLE |
| 464288588 | MBB | iShares MBS ETF | $1.8M | 0.25% | 20,001 | Common | SOLE |
| 316092402 | FENY | Fidelity Covington Trust | $1.8M | 0.25% | 70,952 | Common | SOLE |
| 553530106 | MSM | MSC Industrial Direct Inc. | $1.7M | 0.24% | 17,628 | Common | SOLE |
| 001084102 | AGCO | AGCO Corp. | $1.7M | 0.24% | 14,404 | Common | SOLE |
| 231021106 | CMI | Cummins Inc. | $1.7M | 0.24% | 7,450 | Common | SOLE |
| 81369Y605 | XLF | Financial Select Sector SPDR TR | $1.6M | 0.22% | 47,094 | Common | SOLE |
| 464288844 | IEZ | iShares U.S. Oil Equipment & S | $1.2M | 0.17% | 50,011 | Common | SOLE |
| 46137V381 | RSPD | Invesco Exchange Traded FD T | $1.2M | 0.17% | 28,516 | Common | SOLE |
| 78464A862 | XSD | SPDR S&P Semiconductor ETF | $1.1M | 0.15% | 5,598 | Common | SOLE |
| 136385101 | CNQ | Canadian Natural Resources Ltd | $902,987 | 0.13% | 13,963 | Common | SOLE |
| 78464A755 | XME | SPDR S&P Metals & Mining ETF | $862,418 | 0.12% | 16,427 | Common | SOLE |
| 78464A888 | XHB | SPDR S&P Homebuilders ETF | $855,823 | 0.12% | 11,177 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc. | $842,067 | 0.12% | 6,643 | Common | SOLE |
| 78464A599 | XSW | SPDR S&P Software & Services E | $823,713 | 0.12% | 6,492 | Common | SOLE |
| 003261104 | BCI | Aberdeen Standard Bloomberg Al | $780,732 | 0.11% | 36,984 | Common | SOLE |
| 92206C102 | VGSH | Vanguard Short-Term Treasury E | $697,651 | 0.10% | 12,112 | Common | SOLE |
| 464288281 | EMB | iShares JPMorgan USD Emerging | $643,243 | 0.09% | 7,795 | Common | SOLE |
| 464287192 | IYT | iShares US Transportation ETF | $615,283 | 0.09% | 2,632 | Common | SOLE |
| 38141G104 | GS | Goldman Sachs Group Inc. | $603,134 | 0.08% | 1,864 | Common | SOLE |
| 039483102 | ADM | Archer Daniels Midland Co. | $522,434 | 0.07% | 6,927 | Common | SOLE |
| 03743Q108 | APA | APA Corp. | $518,230 | 0.07% | 12,609 | Common | SOLE |
| 46434G848 | PICK | iShares MSCI Global Metals & M | $506,026 | 0.07% | 12,727 | Common | SOLE |
| 69370C100 | PTC | PTC Inc. | $487,521 | 0.07% | 3,441 | Common | SOLE |
| 674215207 | CHRD | Chord Energy Corp. | $486,048 | 0.07% | 2,999 | Common | SOLE |
| 247361702 | DAL | Delta Air Lines Inc. | $478,558 | 0.07% | 12,934 | Common | SOLE |
| 87265H109 | T86 | TRI Pointe Group Inc | $464,075 | 0.07% | 16,968 | Common | SOLE |
| G16962105 | BGUSD | Bunge Ltd. | $432,675 | 0.06% | 3,997 | Common | SOLE |
| 573874104 | MRVL | Marvell Technology Inc. | $424,325 | 0.06% | 7,839 | Common | SOLE |
| 867224107 | SU | Suncor Energy Inc. | $422,255 | 0.06% | 12,282 | Common | SOLE |
| G9078F107 | — | Triton International Ltd. | $420,501 | 0.06% | 5,286 | Common | SOLE |
| 783513203 | RYAAY | Ryanair Holdings PLC | $406,241 | 0.06% | 4,179 | Common | SOLE |
| 81369Y407 | XLY | Consumer Discretionary Select | $389,250 | 0.05% | 2,418 | Common | SOLE |
| 680223104 | ORI | Old Republic International Cor | $367,327 | 0.05% | 13,635 | Common | SOLE |
| 26874R108 | E | ENI S.p.A. | $361,781 | 0.05% | 11,334 | Common | SOLE |
| 26210C104 | DBX | Dropbox, Inc. | $350,695 | 0.05% | 12,879 | Common | SOLE |
| 860630102 | SF | Stifel Financial Corp. | $348,303 | 0.05% | 5,669 | Common | SOLE |
| 71654V408 | PBR | Petroleo Brasileiro SA Petro | $346,104 | 0.05% | 23,089 | Common | SOLE |
| 81369Y506 | XLE | Energy Select Sector SPDR TR | $342,578 | 0.05% | 3,790 | Common | SOLE |
| 60855R100 | MOH | Molina Healthcare Inc. | $335,431 | 0.05% | 1,023 | Common | SOLE |
| 457187102 | INGR | Ingredion Incorporated | $327,967 | 0.05% | 3,333 | Common | SOLE |
| 192446102 | CTSH | Cognizant Technology Solutions | $327,049 | 0.05% | 4,828 | Common | SOLE |
| 60687Y109 | MFG | Mizuho Financial Group Inc. | $325,126 | 0.05% | 94,789 | Common | SOLE |
| 880890108 | TX | Ternium S.A. Sponsored ADR | $322,871 | 0.05% | 8,092 | Common | SOLE |
| 37045V100 | GM | General Motors Co. | $321,490 | 0.05% | 9,751 | Common | SOLE |
| 97651M109 | WIT | Wipro Ltd. ADS | $313,719 | 0.04% | 64,818 | Common | SOLE |
| 254543101 | DIOD | Diodes Inc. | $302,036 | 0.04% | 3,831 | Common | SOLE |
| G0692U109 | AXS | Axis Capital Holdings Ltd | $300,170 | 0.04% | 5,325 | Common | SOLE |
| 05964H105 | SAN | Banco Santander S.A. | $299,330 | 0.04% | 79,609 | Common | SOLE |
| 031652100 | AMKR | Amkor Technology Inc. | $285,076 | 0.04% | 12,614 | Common | SOLE |
| 83088M102 | SWKS | Skyworks Solutions Inc | $271,714 | 0.04% | 2,756 | Common | SOLE |
| 910047109 | UAL | United Airlines Holdings, Inc. | $269,028 | 0.04% | 6,360 | Common | SOLE |
| 458140100 | INTC | Intel Corp. | $268,900 | 0.04% | 7,564 | Common | SOLE |
| 034164103 | ANDE | Andersons Inc. | $268,316 | 0.04% | 5,209 | Common | SOLE |
| 03938L203 | MT | ArcelorMittal SA ADR | $260,712 | 0.04% | 10,416 | Common | SOLE |
| 381430529 | GBIL | Goldman Sachs ETF TR | $256,081 | 0.04% | 2,558 | Common | SOLE |
| 201723103 | CMC | Commercial Metals Co. | $251,546 | 0.04% | 5,091 | Common | SOLE |
| 002121101 | ATEN | A10 Networks, Inc. | $223,331 | 0.03% | 14,859 | Common | SOLE |
| G36738105 | FDP | Fresh Del Monte Produce Inc. | $223,077 | 0.03% | 8,633 | Common | SOLE |
| 754730109 | RJF | Raymond James Financial Inc | $220,946 | 0.03% | 2,200 | Common | SOLE |
| 06738E204 | BCS | Barclays PLC | $218,447 | 0.03% | 28,042 | Common | SOLE |
| G02602103 | DOX | Amdocs Ltd. | $217,477 | 0.03% | 2,574 | Common | SOLE |
| 02376R102 | AAL | American Airlines Group Inc. | $211,006 | 0.03% | 16,472 | Common | SOLE |
| 373737105 | GGB | Gerdau S.A. | $206,880 | 0.03% | 43,371 | 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.