Mount Lucas Management LP — Q4 2025 13F Holdings

Name: Mount Lucas Management LP — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001185072

Total reported value

$270.8M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	RPV	Invesco S&p 500 Pure Value E	ETF-Large Cap & Growth	8.58%	+2.47%	—
2	EWZ	Ishares Msci Brazil ETF	ETF-Other	4.70%	+3.06%	-0.52%
3	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	2.80%	-2.80%	EXIT
4	RKT	Rocket Cos Inc-class A	Stock-Financials	2.50%	-0.80%	-3.29%
5	INTC	Intel CORP	Stock-Tech	1.84%	+0.20%	-31.51%
6	EWA	Ishares Msci Australia ETF	ETF-Other	1.56%	—	+9.96%
7	BBJP	Jpmorgan Betabuilders Japan	ETF-Other	1.55%	—	+3.27%
8	IREN	Iren LTD F	Stock-Other	1.51%	—	—
9	FOXA	Fox CORP - Class A	Stock-Comm Services	1.27%	-1.27%	EXIT
10	AGNC	Agnc Investment CORP	Stock-Real Estate	1.20%	-0.99%	-38.75%
11	BKLN	Invesco Senior Loan ETF	ETF-Other	1.20%	—	+3.97%
12	PFF	Ishares Preferred & Income S	ETF-Other	1.19%	—	+5.96%
13	REM	Ishares Mortgage Real Estate	ETF-Other	1.19%	-0.69%	+5.18%
14	NLY	Annaly Capital Management In	Stock-Real Estate	1.18%	-1.18%	EXIT
15	CWB	Ss Spdr Bb Conv Sec ETF	ETF-Other	1.17%	—	-0.74%
16	DWX	State Street Spdr S&p Intern	ETF-Other	1.15%	—	+2.86%
17	EMHY	Ishares J.p. Morgan Em High	ETF-Other	1.14%	—	+2.53%
18	PBP	Invesco S&p 500 Buywrite ETF	ETF-Large Cap & Growth	1.14%	—	+0.02%
19	EMB	Ishares Jp Morgan Usd Emergi	ETF-Other	1.13%	—	+1.44%
20	VYM	Vanguard High Dvd Yield ETF	ETF-Other	1.12%	—	-0.42%
21	NEM	Newmont CORP	Stock-Materials	1.01%	—	-0.32%
22	GM	General Motors Co	Stock-Consumer Disc	0.93%	-0.53%	+0.96%
23	UAL	United Airlines Holdings INC	Stock-Industrials	0.90%	—	-0.64%
24	COR	Cencora INC	Stock-Healthcare	0.88%	—	-0.59%
25	BNY	Bank Of New York Mellon CORP	Stock-Financials	0.87%	—	+0.21%
26	PGR	Progressive CORP	Stock-Financials	0.85%	-0.48%	-1.27%
27	WELL	Welltower INC	Stock-Real Estate	0.85%	-0.85%	EXIT
28	GHYG	Ishares Us&intl High Yield C	ETF-High Yield	0.80%	—	+5.11%
29	SHY	Ishares 1-3 Year Treasury Bo	ETF-Gov Bonds	0.80%	+1.11%	-27.41%
30	SHYG	Ishares 0-5 Yr Hy CORP Bond	ETF-Corp Bonds	0.79%	—	+4.86%
31	JNK	Ss Spdr Bb High Yield Bond	ETF-High Yield	0.79%	—	+4.30%
32	HYGV	Flexshares High Yield Value	ETF-High Yield	0.79%	—	+4.46%
33	IEI	Ishares 3-7 Year Treasury Bo	ETF-Gov Bonds	0.79%	+1.10%	-27.67%
34	FALN	Ishares Fallen Angels ETF	ETF-Other	0.79%	—	+3.54%
35	IEF	Ishares 7-10 Year Treasury B	ETF-Gov Bonds	0.79%	+1.09%	-28.32%
36	MET	Metlife INC	Stock-Financials	0.78%	—	+0.74%
37	T	At&t INC	Stock-Comm Services	0.75%	+0.49%	+0.11%
38	DAL	Delta Air Lines INC	Stock-Industrials	0.75%	—	+1.04%
39	CCL1EUR	Carnival CORP LTD	Stock-Consumer Disc	0.72%	—	+0.76%
40	FTAI	FTAI Aviation Ltd.	Stock-Industrials	0.71%	—	+12.50%
41	IWD	Ishares Russell 1000 Value E	ETF-Other	0.71%	—	—
42	CAH	Cardinal Health INC	Stock-Healthcare	0.71%	—	+0.03%
43	WMT	Walmart INC	Stock-Consumer Staples	0.70%	-0.70%	EXIT
44	MOH	Molina Healthcare INC	Stock-Healthcare	0.66%	—	—
45	CSCO	Cisco Systems INC	Stock-Tech	0.66%	—	+0.32%
46	AEM	Agnico Eagle Mines LTD	Stock-Materials	0.65%	—	-1.67%
47	NTRS	Northern Trust CORP	Stock-Financials	0.65%	-0.39%	+0.29%
48	WAB	Wabtec CORP	Stock-Industrials	0.63%	-0.63%	EXIT
49	NDAQ	Nasdaq INC	Stock-Financials	0.63%	—	+0.04%
50	WMB	Williams Cos INC	Stock-Energy	0.62%	-0.62%	EXIT

1–50 of 169

Holding changes this quarter

Position changes disclosed by Mount Lucas Management LP for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TUR	Ishares Msci Turkey ETF	+0.3%	+316.16%	Add
2	GM	General Motors Co	+0.2%	+0.96%	Add
3	FTAI	FTAI Aviation Ltd.	+0.2%	+12.50%	Add
4	CAH	Cardinal Health INC	+0.2%	+0.03%	Add
5	FOXA	Fox CORP - Class A	+0.1%	+0.15%	Add
6	NEM	Newmont CORP	+0.1%	-0.32%	Trim
7	WW	Ww International Inc-new	+0.1%	+25.00%	Add
8	TOI	Oncology Institute Inc/the	+0.1%	+55.76%	Add
9	DAL	Delta Air Lines INC	+0.1%	+1.04%	Add
10	CMTL	Comtech Telecommunications	+0.1%	—	Unchanged
11	UAL	United Airlines Holdings INC	+0.1%	-0.64%	Trim
12	B	Barrick Mining CORP	+0.1%	-1.40%	Trim
13	GMED	Globus Medical INC - A	+0.1%	-1.81%	Trim
14	CSCO	Cisco Systems INC	+0.1%	+0.32%	Add
15	EWA	Ishares Msci Australia ETF	+0.1%	+9.96%	Add
16	EWZ	Ishares Msci Brazil ETF	0%	-0.52%	Trim
17	COIN	Coinbase Global INC -class A	-0.1%	-1.79%	Trim
18	DUOL	Duolingo	-0.1%	-1.84%	Trim
19	SFM	Sprouts Farmers Market INC	-0.1%	-1.81%	Trim
20	HLI	Houlihan Lokey INC	-0.1%	-1.58%	Trim
21	VRSN	Verisign INC	-0.1%	-0.68%	Trim
22	FMCC	Freddie Mac	-0.1%	-1.81%	Trim
23	MSI	Motorola Solutions INC	-0.1%	-0.78%	Trim
24	PGR	Progressive CORP	-0.1%	-1.27%	Trim
25	T	At&t INC	-0.1%	+0.11%	Add
26	BLND	Blend Labs Inc-a	-0.1%	-36.00%	Trim
27	UWMC	Uwm Holdings CORP	-0.1%	-4.01%	Trim
28	HOOD	Robinhood Markets INC - A	-0.2%	-1.84%	Trim
29	RBLX	Roblox CORP -class A	-0.2%	-1.78%	Trim
30	RKT	Rocket Cos Inc-class A	-0.2%	-3.29%	Trim
31	SHY	Ishares 1-3 Year Treasury Bo	-0.3%	-27.41%	Trim
32	IEF	Ishares 7-10 Year Treasury B	-0.3%	-28.32%	Trim
33	IEI	Ishares 3-7 Year Treasury Bo	-0.3%	-27.67%	Trim
34	ACGL	Arch Capital Group Ltd.	-0.6%	-38.07%	Trim
35	NLY	Annaly Capital Management In	-0.6%	-39.17%	Trim
36	AGNC	Agnc Investment CORP	-0.6%	-38.75%	Trim
37	INTC	Intel CORP	-0.7%	-31.51%	Trim
38	QQQM	Invesco Nasdaq 100 ETF	-0.7%	-74.70%	Trim
39	QQQ	Invesco Qqq Trust Series 1	-9%	-76.17%	Trim
40	RPV	Invesco S&p 500 Pure Value E	—	NEW	New buy
41	IREN	Iren LTD F	—	NEW	New buy
42	IWD	Ishares Russell 1000 Value E	—	NEW	New buy
43	MOH	Molina Healthcare INC	—	NEW	New buy
44	ADP	Automatic Data Processing	—	NEW	New buy
45	EIDO	Ishares Msci Indonesia ETF	—	NEW	New buy
46	INDA	Ishares Msci India ETF	—	NEW	New buy
47	TIC	Tic Solutions INC	—	NEW	New buy
48	EVC	Entravision Communications-a	—	NEW	New buy
49	IMSR	Terrestrial Energy INC	—	NEW	New buy
50	NOTVQ	Inotiv INC	—	EXIT	Sold out