LG
Leuthold Group, LLC 13F Holdings Tracker (Q2 2026)
Leuthold Group, LLCCIK: 0001170152
Diversified strategyContrarianQuality / disciplined sizing
Total reported value
$995.2M
Reporting period: 2026-06-30 · Number of holdings: 237
LEUTHOLD GROUP, LLC disclosed 237 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $995.2M and a quarterly turnover rate of 37.3%.
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Personality snowflake
- Concentration
- 3.49
- Portfolio Stability
- 37.29
- Momentum
- 0
- Sector conviction
- 50.75
- Diversification
- 100
- Sizing Uniformity
- 89.65
Leuthold Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 115 equally-sized positions, well below its 237 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.03), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 69% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim GS
-94.1% -$14.4M
Trim MS
-93.9% -$10.8M
Add AMD
+136.7% $9.2M
Trim IBND
-92.8% -$7.3M
Trim BWX
-35.9% -$6.7M
Add DVN
+1297.9% $7.7M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 237 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPDN | Dir Dly Sp 500 Br 1x Etf-usi | ETF-Other | 2.64% | -0.62% | -1.26% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.29% | +0.26% | -3.77% | |
| 3 | FLEX | Flex Ltd. | Stock-Tech | 2.00% | +0.60% | -38.58% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 1.75% | -0.15% | -3.18% | |
| 5 | CSCO | Cisco Systems Inc | Stock-Tech | 1.70% | +0.40% | -8.68% | |
| 6 | JBL | Jabil Inc | Stock-Tech | 1.57% | -0.10% | -31.35% | |
| 7 | CAH | Cardinal Health Inc | Stock-Healthcare | 1.46% | +0.01% | -5.17% | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 1.38% | +0.54% | +51.23% | |
| 9 | DELL | Dell Technologies -c | Stock-Tech | 1.31% | +0.71% | -11.53% | |
| 10 | XLK | Ss Technology Select Sector | ETF-Tech | 1.28% | +0.29% | -5.22% | |
| 11 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 1.24% | -0.14% | -4.53% | |
| 12 | GTX | Garrett Motion Inc | Stock-Consumer Disc | 1.17% | +0.51% | -5.49% | |
| 13 | MCK | Mckesson CORP | Stock-Healthcare | 1.17% | -0.32% | -4.96% | |
| 14 | FDX | Fedex CORP | Stock-Industrials | 1.16% | -0.30% | -4.17% | |
| 15 | BWX | State Street Spdr Bloomberg | ETF-Other | 1.16% | -0.78% | -35.92% | |
| 16 | RWM | Proshares Short Russell2000 | ETF-Other | 1.15% | -0.35% | -0.50% | |
| 17 | SPIB | Ss Spdr P Int C CORP ETF | ETF-Other | 1.14% | -0.36% | -19.65% | |
| 18 | C | Citigroup Inc | Stock-Financials | 1.13% | +0.10% | -5.22% | |
| 19 | UPS | United Parcel Service-cl B | Stock-Industrials | 1.12% | -0.02% | -4.34% | |
| 20 | AMD | Advanced Micro Devices | Stock-Tech | 1.08% | +0.91% | +136.66% | |
| 21 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.08% | -0.15% | -5.11% | |
| 22 | VTIP | Vanguard Short-term Tips | ETF-Other | 1.06% | -0.05% | +0.61% | |
| 23 | KGC | Kinross Gold CORP | Stock-Materials | 1.04% | -0.45% | -4.32% | |
| 24 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.02% | -0.01% | -4.97% | |
| 25 | IGOV | Ishares International Treasu | ETF-Other | 1.02% | -0.06% | -0.44% | |
| 26 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.98% | +0.07% | -0.02% | |
| 27 | CM | Can Imperial Bk Of Commerce | Stock-Financials | 0.96% | +0.08% | -4.94% | |
| 28 | MGA | Magna International Inc | Stock-Consumer Disc | 0.94% | +0.05% | -4.88% | |
| 29 | SANM | Sanmina CORP | Stock-Tech | 0.93% | +0.40% | -5.05% | |
| 30 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.90% | -0.01% | +27.42% | |
| 31 | BAC | Bank Of America CORP | Stock-Financials | 0.90% | +0.04% | -5.19% | |
| 32 | IAG | Iamgold CORP | Stock-Other | 0.89% | -0.27% | -3.78% | |
| 33 | ERIC | Ericsson (lm) Tel-sp Adr | Stock-Tech | 0.86% | -0.11% | -5.40% | |
| 34 | LRCX | Lam Research CORP | Stock-Tech | 0.86% | +0.39% | -5.08% | |
| 35 | BCS | Barclays Plc-spons Adr | Stock-Financials | 0.86% | +0.11% | -4.84% | |
| 36 | DVN | Devon Energy CORP | Stock-Energy | 0.85% | +0.77% | +1297.89% | |
| 37 | FFIV | F5 Inc | Stock-Tech | 0.85% | +0.19% | -5.64% | |
| 38 | COR | Cencora Inc | Stock-Healthcare | 0.84% | -0.21% | -5.18% | |
| 39 | DY | Dycom Industries Inc | Stock-Industrials | 0.80% | +0.20% | -6.11% | |
| 40 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.79% | -0.06% | -5.03% | |
| 41 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 0.78% | — | -4.95% | |
| 42 | MBB | Ishares Mbs ETF | ETF-Other | 0.77% | -0.05% | -0.97% | |
| 43 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 0.76% | -0.08% | -3.50% | |
| 44 | NTCT | Netscout Systems Inc | Stock-Other | 0.76% | +0.14% | -4.99% | |
| 45 | PLXS | Plexus CORP | Stock-Tech | 0.76% | +0.19% | -5.18% | |
| 46 | AMGN | Amgen Inc | Stock-Healthcare | 0.75% | -0.06% | -5.03% | |
| 47 | TIP | Ishares Tips Bond ETF | ETF-Other | 0.73% | +0.73% | NEW | |
| 48 | EME | Emcor Group Inc | Stock-Industrials | 0.73% | +0.01% | -5.07% | |
| 49 | LAUR | Laureate Education Inc | Stock-Other | 0.72% | -0.05% | -5.23% | |
| 50 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.71% | -0.06% | -0.97% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+1.3%
Performance Last 4 Quarters
+16.2%
- Stdev
- +11.8%
- Beta
- +0.79
- Alpha
- -0.3%
- Max Drawdown
- -6.6%
- Annualized Perf
- +16%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.38
- Stutzer
- +0.38
- Treynor
- +0.2
- Sterling
- +1.01
- Calmar
- +2.42
- Information Ratio
- -0.68
- Tracking Error
- +6.5%
- Stdev Down
- +6.6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +26.5%
- Worst 12 Months
- +1.8%
- Efficiency Ratio
- +0.51
- Sharpe
- +1.32
- Stdev Sectors
- +8.3%
- Skewness
- -0.42
- Kurtosis
- -0.51
- Upside Potential
- +4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 237 | $995.2M | 37 | ||
| 2026 Q1 | 211 | $938.7M | 23 | ||
| 2025 Q4 | 207 | $926.0M | 49 | ||
| 2025 Q3 | 205 | $914.0M | 56 | ||
| 2025 Q2 | 206 | $837.0M | 0 | ||
| 2025 Q1 | 201 | $770.1M | 100 | ||
| 2024 Q4 | 191 | $832.6M | 0 | ||
| 2024 Q3 | 172 | $899.6M | 0 | ||
| 2024 Q2 | 180 | $865.2M | 0 | ||
| 2024 Q1 | 178 | $888.0M | 0 | ||
| 2023 Q4 | 174 | $799.2M | 0 | ||
| 2023 Q3 | 182 | $713.0M | 0 | ||
| 2023 Q2 | 199 | $771.8M | 0 | ||
| 2023 Q1 | 191 | $757.2M | 0 | ||
| 2022 Q4 | 191 | $742.0M | 0 | ||
| 2022 Q3 | 181 | $663.6M | 0 | ||
| 2022 Q2 | 183 | $704.3M | 0 | ||
| 2022 Q1 | 189 | $780.8M | 0 | ||
| 2021 Q4 | 199 | $853.6M | 0 | ||
| 2021 Q3 | 197 | $815.0M | 0 | ||
| 2021 Q2 | 182 | $814.5M | 100 | ||
| 2021 Q1 | 179 | $793.0M | 32 | ||
| 2020 Q4 | 172 | $758.6M | 40 | ||
| 2020 Q3 | 165 | $729.5M | 29 | ||
| 2020 Q2 | 154 | $671.6M | 46 | ||
| 2020 Q1 | 147 | $555.0M | 54 | ||
| 2019 Q4 | 166 | $767.9M | 43 | ||
| 2019 Q3 | 173 | $763.4M | 35 | ||
| 2019 Q2 | 187 | $775.5M | 39 | ||
| 2019 Q1 | 179 | $743.4M | 48 | ||
| 2018 Q4 | 185 | $697.8M | 48 | ||
| 2018 Q3 | 183 | $917.8M | 32 | ||
| 2018 Q2 | 195 | $908.8M | 71 | ||
| 2018 Q1 | 190 | $878.8M | 46 | ||
| 2017 Q4 | 192 | $1.0B | 44 | ||
| 2017 Q3 | 194 | $990.2M | 26 | ||
| 2017 Q2 | 204 | $933.4M | 36 | ||
| 2017 Q1 | 211 | $928.2M | 25 | ||
| 2016 Q4 | 214 | $893.9M | 50 | ||
| 2016 Q3 | 205 | $951.6M | 51 | ||
| 2016 Q2 | 205 | $944.9M | 70 | ||
| 2016 Q1 | 197 | $917.2M | 43 | ||
| 2015 Q4 | 189 | $953.0M | 44 | ||
| 2015 Q3 | 186 | $946.7M | 53 | ||
| 2015 Q2 | 208 | $1.1B | 46 | ||
| 2015 Q1 | 197 | $1.1B | 33 | ||
| 2014 Q4 | 205 | $1.0B | 41 | ||
| 2014 Q3 | 207 | $1.1B | 35 | ||
| 2014 Q2 | 196 | $1.2B | 41 | ||
| 2014 Q1 | 191 | $1.1B | 34 | ||
| 2013 Q4 | 203 | $1.1B | 49 | ||
| 2013 Q3 | 306 | $1.1B | 47 | ||
| 2013 Q2 | 310 | $1.1B | — |
Holding changes this quarter
Leuthold Group, LLC's most significant position changes for 2026-06-30: New buy: Ishares Tips Bond ETF (TIP); New buy: Elevance Health Inc (ELV); New buy: Ishares 0-5 Year Tips Bond E (STIP); New buy: RenaissanceRe Holdings Ltd. (RNR); New buy: Hf Sinclair CORP (DINO).
Showing top 200 changes by size (of 248 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +0.9% | +136.66% | Add |
| 2 | DVN | Devon Energy CORP | +0.8% | +1297.89% | Add |
| 3 | TIP | Ishares Tips Bond ETF | +0.7% | NEW | New buy |
| 4 | DELL | Dell Technologies -c | +0.7% | -11.53% | Trim |
| 5 | ELV | Elevance Health Inc | +0.7% | NEW | New buy |
| 6 | STIP | Ishares 0-5 Year Tips Bond E | +0.7% | NEW | New buy |
| 7 | FLEX | Flex Ltd. | +0.6% | -38.58% | Trim |
| 8 | RNR | RenaissanceRe Holdings Ltd. | +0.6% | NEW | New buy |
| 9 | NVDA | Nvidia CORP | +0.5% | +51.23% | Add |
| 10 | GTX | Garrett Motion Inc | +0.5% | -5.49% | Trim |
| 11 | DINO | Hf Sinclair CORP | +0.5% | NEW | New buy |
| 12 | PFE | Pfizer Inc | +0.5% | NEW | New buy |
| 13 | NXPI | NXP Semiconductors N.V. | +0.5% | NEW | New buy |
| 14 | WIP | State Street Spdr Ftse Inter | +0.4% | NEW | New buy |
| 15 | CSCO | Cisco Systems Inc | +0.4% | -8.68% | Trim |
| 16 | SANM | Sanmina CORP | +0.4% | -5.05% | Trim |
| 17 | LRCX | Lam Research CORP | +0.4% | -5.08% | Trim |
| 18 | HQY | Healthequity Inc | +0.4% | NEW | New buy |
| 19 | PBF | Pbf Energy Inc-class A | +0.4% | NEW | New buy |
| 20 | MCY | Mercury General CORP | +0.4% | NEW | New buy |
| 21 | EQT | Eqt CORP | +0.4% | NEW | New buy |
| 22 | RGA | Reinsurance Group Of America | +0.4% | NEW | New buy |
| 23 | OVV | Ovintiv Inc | +0.3% | NEW | New buy |
| 24 | AR | Antero Resources CORP | +0.3% | NEW | New buy |
| 25 | CRUS | Cirrus Logic Inc | +0.3% | +1189.94% | Add |
| 26 | PAYC | Paycom Software Inc | +0.3% | NEW | New buy |
| 27 | APA | Apa CORP | +0.3% | NEW | New buy |
| 28 | XLK | Ss Technology Select Sector | +0.3% | -5.22% | Trim |
| 29 | ✓ | +0.3% | NEW | New buy | |
| 30 | GOOGL | Alphabet Inc-cl A | +0.3% | -3.77% | Trim |
| 31 | CRK | Comstock Resources Inc | +0.3% | NEW | New buy |
| 32 | ISHG | Ishares -3 Year Internationa | +0.2% | NEW | New buy |
| 33 | DY | Dycom Industries Inc | +0.2% | -6.11% | Trim |
| 34 | FFIV | F5 Inc | +0.2% | -5.64% | Trim |
| 35 | PLXS | Plexus CORP | +0.2% | -5.18% | Trim |
| 36 | LST | Leuthold Sel Ind | +0.2% | +63.51% | Add |
| 37 | BHE | Benchmark Electronics Inc | +0.2% | -6.50% | Trim |
| 38 | VMI | Valmont Industries | +0.2% | -4.16% | Trim |
| 39 | NTCT | Netscout Systems Inc | +0.1% | -4.99% | Trim |
| 40 | DGII | Digi International Inc | +0.1% | -4.69% | Trim |
| 41 | BCS | Barclays Plc-spons Adr | +0.1% | -4.84% | Trim |
| 42 | GVA | Granite Construction Inc | +0.1% | -4.84% | Trim |
| 43 | ✓ | Versigent LTD | +0.1% | NEW | New buy |
| 44 | C | Citigroup Inc | +0.1% | -5.22% | Trim |
| 45 | CVS | Cvs Health CORP | +0.1% | -5.19% | Trim |
| 46 | XLE | Ss Energy Select Sector | +0.1% | +345.99% | Add |
| 47 | QCOM | Qualcomm Inc | +0.1% | NEW | New buy |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | NEW | New buy |
| 49 | QLYS | Qualys Inc | +0.1% | NEW | New buy |
| 50 | EG | Everest Group, Ltd. | +0.1% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is Leuthold Group, LLC and what type of investor is it?
Leuthold Group, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $995.2M, spread across 237 disclosed positions.
What are Leuthold Group, LLC's largest equity positions?
Based on the latest 13F filing, Leuthold Group, LLC's top holdings by market value are:
1. Dir Dly Sp 500 Br 1x Etf-usi (SPDN) — $26.3M (2.6%)
2. Alphabet Inc-cl A (GOOGL) — $22.8M (2.3%)
3. Flex Ltd. (FLEX) — $19.9M (2.0%)
4. Microsoft CORP (MSFT) — $17.4M (1.8%)
5. Cisco Systems Inc (CSCO) — $16.9M (1.7%)
What changes did Leuthold Group, LLC make in its most recent portfolio filing?
In the latest reported quarter, Leuthold Group, LLC made 178 notable position adjustments: 37 new positions were initiated, 13 existing holdings were added to, 117 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: Ishares Tips Bond ETF (TIP); New buy: Elevance Health Inc (ELV); New buy: Ishares 0-5 Year Tips Bond E (STIP); New buy: RenaissanceRe Holdings Ltd. (RNR); New buy: Hf Sinclair CORP (DINO)
What sectors does Leuthold Group, LLC focus on?
Leuthold Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 26.6%
• Health Care: 20.2%
• Financials: 17.4%
• Industrials: 10.4%
• Energy: 9.2%
• Consumer Discretionary: 5.8%
Investment Profile
Leuthold Group, LLC returned an annualized 16.0% over the trailing 36 months — underperforming the S&P 500 by 0.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.79 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 37 over the past 4 quarters — a shift toward more active trading.
It has added to its FLEX position over the past two quarters (+$7.5M, now $19.9M), while trimming GS over the same stretch (-$14.8M, still holding $1.1M).
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RB
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HW
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Developer Access
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REST API
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