13F HOLDINGS REPORT
LEUTHOLD GROUP, LLC
Quarter ended Q1 2025 · Filed May 13, 2025 · Accession 0000897069-25-000974
Total Value
$770.1M
Positions
201
Other Managers
0
Confidential Omitted
No
Holdings (201)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Direxion Daily S&P500 Bear 1X | 25460E869 | 1,899,136 | $22.0M | 2.86% |
| 2 | Microsoft Corp. | MSFT | 51,053 | $19.2M | 2.49% |
| 3 | SPDR Bloomberg Barclays Intern | 78464A516 | 807,719 | $17.7M | 2.29% |
| 4 | Meta Platforms Inc. Class A | META | 30,069 | $17.3M | 2.25% |
| 5 | ProShares Short QQQ | 74349Y837 | 340,862 | $13.8M | 1.80% |
| 6 | iShares 1-3 Year Treasury Bond | 464287457 | 165,860 | $13.7M | 1.78% |
| 7 | Netflix Inc. | NFLX | 14,670 | $13.7M | 1.78% |
| 8 | ProShares Short Russell2000 | 74348A210 | 634,887 | $13.2M | 1.71% |
| 9 | SPDR Intermediate Term Corpora | 78464A375 | 327,247 | $10.9M | 1.41% |
| 10 | T-Mobile US Inc | TMUSZ | 40,043 | $10.7M | 1.39% |
| 11 | McKesson Corp. | MCK | 15,740 | $10.6M | 1.38% |
| 12 | Alphabet Inc. Cl A | GOOG | 68,498 | $10.6M | 1.38% |
| 13 | PulteGroup Inc. | 745867101 | 96,752 | $9.9M | 1.29% |
| 14 | Goldman Sachs Group Inc. | GSCE | 17,652 | $9.6M | 1.25% |
| 15 | Financial Select Sector SPDR F | 81369Y605 | 192,476 | $9.6M | 1.24% |
| 16 | Oracle Corp. | ORCL-PD | 68,495 | $9.6M | 1.24% |
| 17 | Janus Detroit Street Trust Jan | 47103U845 | 181,978 | $9.2M | 1.20% |
| 18 | United Rentals Inc. | URI | 13,905 | $8.7M | 1.13% |
| 19 | Cardinal Health Inc. | CAH | 61,954 | $8.5M | 1.11% |
| 20 | Cencora Inc. | COR | 30,314 | $8.4M | 1.09% |
| 21 | Mastercard Inc. Cl A | MA | 15,346 | $8.4M | 1.09% |
| 22 | Jabil Inc. | JBL | 60,847 | $8.3M | 1.08% |
| 23 | D.R. Horton Inc. | 23331A109 | 63,884 | $8.1M | 1.05% |
| 24 | iShares S&P 500 Fund | 464287200 | 14,315 | $8.0M | 1.04% |
| 25 | Morgan Stanley | MS-PQ | 68,662 | $8.0M | 1.04% |
| 26 | iShares International Treasury | 464288117 | 201,951 | $8.0M | 1.03% |
| 27 | Communication Services Select | 81369Y852 | 81,414 | $7.9M | 1.02% |
| 28 | Kinross Gold Corporation | KGCRF | 613,891 | $7.7M | 1.01% |
| 29 | Visa Inc. | V | 22,062 | $7.7M | 1.00% |
| 30 | JPMorgan Chase & Co. | VYLD | 31,398 | $7.7M | 1.00% |
| 31 | Check Point Software Technolog | M22465104 | 32,530 | $7.4M | 0.96% |
| 32 | Technology Select Sector SPDR | 81369Y803 | 35,157 | $7.3M | 0.94% |
| 33 | iShares 5-10yr Investment Grad | 464288638 | 136,656 | $7.2M | 0.93% |
| 34 | AT&T Inc. | T-PC | 239,192 | $6.8M | 0.88% |
| 35 | Flex Ltd. | FLEX | 200,996 | $6.6M | 0.86% |
| 36 | Bank of America Corp. | 060505104 | 158,678 | $6.6M | 0.86% |
| 37 | iShares 7-10 Year Treasury Bon | 464287440 | 69,157 | $6.6M | 0.86% |
| 38 | Simplify MBS ETF | 82889N525 | 123,933 | $6.2M | 0.81% |
| 39 | Toll Brothers Inc. | TOL | 58,731 | $6.2M | 0.81% |
| 40 | Invesco CurrencyShares Japanes | 46138W107 | 100,651 | $6.2M | 0.80% |
| 41 | HCA Healthcare Inc | HCA | 17,852 | $6.2M | 0.80% |
| 42 | Deutsche Bank AG | D18190898 | 255,844 | $6.1M | 0.79% |
| 43 | Fortinet Inc. | FTNT | 62,729 | $6.0M | 0.78% |
| 44 | Citigroup Inc. | C-PR | 81,037 | $5.8M | 0.75% |
| 45 | iShares MBS ETF | 464288588 | 60,708 | $5.7M | 0.74% |
| 46 | iShares Core MSCI EAFE ETF | 46432F842 | 74,909 | $5.7M | 0.74% |
| 47 | TE Connectivity Ltd. | TEL | 39,396 | $5.6M | 0.72% |
| 48 | VeriSign Inc. | VRSN | 21,670 | $5.5M | 0.71% |
| 49 | VanEck Vectors J.P. Morgan EM | 92189H300 | 219,399 | $5.2M | 0.68% |
| 50 | Walt Disney Co. | 254687106 | 52,750 | $5.2M | 0.68% |
| 51 | Iamgold Corporation | IAG | 831,560 | $5.2M | 0.67% |
| 52 | Cisco Systems Inc. | CSCO | 84,206 | $5.2M | 0.67% |
| 53 | Agnico-Eagle Mines Ltd. | AEM | 47,580 | $5.2M | 0.67% |
| 54 | Adtalem Global Education Inc. | ADT | 49,185 | $4.9M | 0.64% |
| 55 | Barclays PLC ADR | BCLYF | 321,802 | $4.9M | 0.64% |
| 56 | Canadian Imperial Bank of Comm | CNDIF | 84,598 | $4.8M | 0.62% |
| 57 | Stride, Inc. | LRN | 37,568 | $4.8M | 0.62% |
| 58 | iShares Core Total U.S. Bond M | 464287226 | 47,795 | $4.7M | 0.61% |
| 59 | M&T Bank Corp. | 55261F104 | 26,106 | $4.7M | 0.61% |
| 60 | Laureate Education Inc | LAUR | 215,709 | $4.4M | 0.57% |
| 61 | Tenet Healthcare Corporation | THC | 32,767 | $4.4M | 0.57% |
| 62 | Hartford Insurance Group Inc. | HIG-PG | 35,558 | $4.4M | 0.57% |
| 63 | GoDaddy, Inc. Class A | GDDY | 23,897 | $4.3M | 0.56% |
| 64 | Travelers Companies, Inc. | TRV | 16,122 | $4.3M | 0.55% |
| 65 | Vanguard Russell 1000 Value ET | 92206C714 | 50,846 | $4.2M | 0.54% |
| 66 | Invesco CurrencyShares Euro Tr | FXE | 41,906 | $4.2M | 0.54% |
| 67 | CarGurus, Inc. Class A | CARG | 142,039 | $4.1M | 0.54% |
| 68 | SPDR Barclays International Co | 78464A151 | 137,278 | $4.0M | 0.53% |
| 69 | Allstate Corp. | ALL-PJ | 19,398 | $4.0M | 0.52% |
| 70 | Comcast Corp. (Cl A) | CCZ | 107,909 | $4.0M | 0.52% |
| 71 | SS&C Technologies Holdings, In | SSNC | 47,432 | $4.0M | 0.51% |
| 72 | Twilio, Inc | TWLO | 40,159 | $3.9M | 0.51% |
| 73 | Huntington Bancshares Inc. | HBANP | 261,215 | $3.9M | 0.51% |
| 74 | Universal Health Services Inc. | 913903100 | 20,812 | $3.9M | 0.51% |
| 75 | Genpact Ltd. | G | 77,271 | $3.9M | 0.51% |
| 76 | Nokia Corp. (ADR) | NOKBF | 735,579 | $3.9M | 0.50% |
| 77 | Akamai Technologies Inc. | AKAM | 48,050 | $3.9M | 0.50% |
| 78 | Citizens Financial Group, Inc. | CIA | 92,120 | $3.8M | 0.49% |
| 79 | Raymond James Financial Inc | 754730109 | 27,008 | $3.8M | 0.49% |
| 80 | Match Group, Inc. | MTCH | 118,580 | $3.7M | 0.48% |
| 81 | Merck & Co. Inc. | MRK | 40,970 | $3.7M | 0.48% |
| 82 | Assurant Inc. | AIZN | 17,085 | $3.6M | 0.47% |
| 83 | Universal Technical Institute | UTI | 138,616 | $3.6M | 0.46% |
| 84 | Equinox Gold Corp. | EQX | 513,459 | $3.5M | 0.46% |
| 85 | Strategic Education, Inc. | STRA | 41,764 | $3.5M | 0.46% |
| 86 | Markel Group Inc. | MKL | 1,854 | $3.5M | 0.45% |
| 87 | Arch Capital Group Ltd. | G0450A105 | 35,650 | $3.4M | 0.45% |
| 88 | PayPal Holdings, Inc. | PYPL | 52,444 | $3.4M | 0.44% |
| 89 | F5 Networks Inc. | FFIV | 12,814 | $3.4M | 0.44% |
| 90 | Okta, Inc. Class A | OKTA | 32,215 | $3.4M | 0.44% |
| 91 | Old National Bancorp | 680033107 | 155,001 | $3.3M | 0.43% |
| 92 | Pan American Silver Corp. | 697900108 | 125,486 | $3.2M | 0.42% |
| 93 | Spire Inc. | SRJN | 40,472 | $3.2M | 0.41% |
| 94 | Concentrix Corporation | CNXC | 56,540 | $3.1M | 0.41% |
| 95 | ONE Gas Inc. | OGS | 41,548 | $3.1M | 0.41% |
| 96 | Telefonaktiebolaget LM Ericsso | 294821608 | 404,152 | $3.1M | 0.41% |
| 97 | UGI Corp. | 902681105 | 93,388 | $3.1M | 0.40% |
| 98 | Encompass Health Corporation | EHC | 30,466 | $3.1M | 0.40% |
| 99 | MDU Resources Group, Inc. | 552690109 | 182,096 | $3.1M | 0.40% |
| 100 | New Jersey Resources Corp. | NJR | 62,718 | $3.1M | 0.40% |
| 101 | Life Time Group Holdings, Inc. | LTH | 100,349 | $3.0M | 0.39% |
| 102 | Voya Financial, Inc. | VOYA-PB | 44,722 | $3.0M | 0.39% |
| 103 | Verizon Communications Inc. | VZ | 66,527 | $3.0M | 0.39% |
| 104 | Qualys, Inc. | QLYS | 23,808 | $3.0M | 0.39% |
| 105 | Eldorado Gold Corp. | 284902509 | 173,900 | $2.9M | 0.38% |
| 106 | Virtu Financial, Inc. Class A | 928254101 | 76,054 | $2.9M | 0.38% |
| 107 | Fifth Third Bancorp | FITBM | 71,861 | $2.8M | 0.37% |
| 108 | Expedia Group, Inc. | EXPE | 16,449 | $2.8M | 0.36% |
| 109 | Columbia Banking System Inc | 197236102 | 110,687 | $2.8M | 0.36% |
| 110 | Global Payments Inc. | 37940X102 | 27,642 | $2.7M | 0.35% |
| 111 | Charter Communications Inc. Cl | 16119P108 | 7,313 | $2.7M | 0.35% |
| 112 | DigitalOcean Holdings, Inc. | DOCN | 80,679 | $2.7M | 0.35% |
| 113 | First Citizens Bancshares Inc. | 31946M103 | 1,444 | $2.7M | 0.35% |
| 114 | Maximus Inc. | MMS | 37,838 | $2.6M | 0.34% |
| 115 | CSG Systems International Inc. | 126349109 | 42,579 | $2.6M | 0.33% |
| 116 | WNS (Holdings) Limited Sponsor | G98196101 | 40,841 | $2.5M | 0.33% |
| 117 | IAC Inc. | IAC | 54,596 | $2.5M | 0.33% |
| 118 | United Parks & Resorts, Inc. | PRKS | 54,924 | $2.5M | 0.32% |
| 119 | Travel Leisure Co. | 894164102 | 53,710 | $2.5M | 0.32% |
| 120 | Health Care Select Sector SPDR | 81369Y209 | 16,678 | $2.4M | 0.32% |
| 121 | The Hanover Insurance Group In | 410867105 | 13,934 | $2.4M | 0.31% |
| 122 | Cadence Bank | 12740C103 | 78,241 | $2.4M | 0.31% |
| 123 | Pinterest, Inc. Class A | PINS | 74,310 | $2.3M | 0.30% |
| 124 | White Mountains Insurance Grou | G9618E107 | 1,188 | $2.3M | 0.30% |
| 125 | Hyatt Hotels Corp. | H | 18,439 | $2.3M | 0.29% |
| 126 | Royal Caribbean Cruises Ltd | V7780T103 | 10,924 | $2.2M | 0.29% |
| 127 | Kemper Corporation | KMPB | 33,345 | $2.2M | 0.29% |
| 128 | Wix.com Ltd. | WIX | 13,613 | $2.2M | 0.29% |
| 129 | Carnival Corp. | CUKPF | 113,080 | $2.2M | 0.29% |
| 130 | Jazz Pharmaceuticals PLC | JAZZ | 17,467 | $2.2M | 0.28% |
| 131 | Norwegian Cruise Line Holdings | NCLH | 108,728 | $2.1M | 0.27% |
| 132 | VanEck Gold Miners ETF | 92189F106 | 42,344 | $1.9M | 0.25% |
| 133 | Block, Inc. Class A | BSQKZ | 35,183 | $1.9M | 0.25% |
| 134 | iShares MSCI Emerging Markets | 46434G764 | 33,050 | $1.8M | 0.24% |
| 135 | iShares Expanded Tech-Software | 464287515 | 20,290 | $1.8M | 0.23% |
| 136 | Concentra Group Holdings Paren | CON | 70,634 | $1.5M | 0.20% |
| 137 | iShares U.S. Healthcare Provid | 464288828 | 28,117 | $1.5M | 0.19% |
| 138 | Select Medical Holdings Corpor | 81619Q105 | 87,542 | $1.5M | 0.19% |
| 139 | Digi International Inc. | 253798102 | 49,611 | $1.4M | 0.18% |
| 140 | iShares DJ US Home Constructio | 464288752 | 13,797 | $1.3M | 0.17% |
| 141 | Utilities Select Sector SPDR F | 81369Y886 | 15,282 | $1.2M | 0.16% |
| 142 | Vanguard Short-Term Inflation- | 922020805 | 23,493 | $1.2M | 0.15% |
| 143 | Invesco S&P 500 Equal Weight C | IVZ | 23,186 | $1.2M | 0.15% |
| 144 | iShares U.S. Telecommunication | 464287713 | 40,936 | $1.1M | 0.15% |
| 145 | U.S. Global Jets ETF | 26922A842 | 52,081 | $1.1M | 0.14% |
| 146 | iShares U.S. Insurance ETF | 464288786 | 7,119 | $981,069 | 0.13% |
| 147 | Vanguard Short-Term Corporate | 92206C409 | 11,396 | $899,600 | 0.12% |
| 148 | Industrial Select Sector SPDR | 81369Y704 | 6,588 | $863,489 | 0.11% |
| 149 | Aberdeen Standard Bloomberg Al | 003261104 | 36,609 | $785,629 | 0.10% |
| 150 | SPDR S&P Regional Banking ETF | 78464A698 | 13,262 | $753,945 | 0.10% |
| 151 | Vanguard Short-Term Treasury E | 92206C102 | 12,466 | $731,630 | 0.10% |
| 152 | Everest Group Ltd. | EG | 1,883 | $684,150 | 0.09% |
| 153 | Fiserv Inc. | FISV | 2,650 | $585,200 | 0.08% |
| 154 | JD.com, Inc. Sponsored ADR Cla | JDCMF | 14,123 | $580,738 | 0.08% |
| 155 | Invesco KBW Bank ETF | IVZ | 8,963 | $562,608 | 0.07% |
| 156 | SPDR S&P Capital Markets ETF | 78464A771 | 4,298 | $542,279 | 0.07% |
| 157 | Salesforce.com Inc. | CRM | 2,016 | $541,014 | 0.07% |
| 158 | Millrose Properties Inc | 601137102 | 18,950 | $502,365 | 0.07% |
| 159 | eBay Inc. | EBAY | 7,371 | $499,238 | 0.06% |
| 160 | Old Republic International Cor | 680223104 | 11,801 | $462,835 | 0.06% |
| 161 | Axis Capital Holdings Ltd | G0692U109 | 4,609 | $462,006 | 0.06% |
| 162 | Banco Santander S.A. ADR | BCDRF | 68,900 | $461,630 | 0.06% |
| 163 | Mizuho Financial Group Inc. AD | MZHOF | 82,038 | $452,029 | 0.06% |
| 164 | Vodafone Group PLC ADS | 92857W308 | 46,769 | $438,226 | 0.06% |
| 165 | InterDigital Inc. | IDCC | 2,071 | $428,179 | 0.06% |
| 166 | DocuSign, Inc. | DOCU | 5,188 | $422,303 | 0.05% |
| 167 | Dropbox, Inc. Class A | DBX | 15,513 | $414,352 | 0.05% |
| 168 | Shopify, Inc. Class A | SHOP | 4,267 | $407,413 | 0.05% |
| 169 | PDD Holdings Inc. Sponsored AD | PDD | 3,424 | $405,230 | 0.05% |
| 170 | General Motors Co. | 37045V100 | 8,436 | $396,745 | 0.05% |
| 171 | Zoom Communications, Inc. Clas | ZM | 5,328 | $393,047 | 0.05% |
| 172 | VanEck Vectors Pharmaceutical | 92189F692 | 4,303 | $392,132 | 0.05% |
| 173 | Delta Air Lines Inc. | DAL | 8,969 | $391,048 | 0.05% |
| 174 | ACI Worldwide Inc | ACIW | 7,124 | $389,754 | 0.05% |
| 175 | ADT, Inc. | ADT | 47,269 | $384,770 | 0.05% |
| 176 | Clear Secure, Inc. Class A | YOU | 14,703 | $380,955 | 0.05% |
| 177 | UBS Group AG (new) | UBS | 12,323 | $377,453 | 0.05% |
| 178 | Synopsys Inc | SNPS | 880 | $377,388 | 0.05% |
| 179 | H&R Block, Inc. | BSQKZ | 6,718 | $368,885 | 0.05% |
| 180 | Loews Corp. | L | 3,998 | $367,456 | 0.05% |
| 181 | Graham Holdings Co. | GHM | 367 | $352,636 | 0.05% |
| 182 | Wells Fargo & Co. | 949746101 | 4,702 | $337,557 | 0.04% |
| 183 | Fidelity National Information | 31620M106 | 4,335 | $323,738 | 0.04% |
| 184 | Nordstrom Inc. | 655664100 | 13,231 | $323,498 | 0.04% |
| 185 | Consumer Discretionary Select | 81369Y407 | 1,606 | $317,121 | 0.04% |
| 186 | Grupo Aeroportuario del Surest | 40051E202 | 1,117 | $305,857 | 0.04% |
| 187 | Interactive Brokers Group Inc. | 45841N107 | 1,775 | $293,922 | 0.04% |
| 188 | Baidu Inc. ADS | BAIDF | 3,141 | $289,066 | 0.04% |
| 189 | Copa Holdings S.A. Cl A | CPA | 3,023 | $279,507 | 0.04% |
| 190 | Perdoceo Education Corporation | PRDO | 10,424 | $262,476 | 0.03% |
| 191 | iShares Aaa-A Rated Corporate | 46429B291 | 5,485 | $260,702 | 0.03% |
| 192 | Comerica Inc. | 200340107 | 4,385 | $258,978 | 0.03% |
| 193 | Leuthold Select Industries ET | 56167R705 | 7,846 | $254,833 | 0.03% |
| 194 | National HealthCare Corporatio | NHC | 2,740 | $254,272 | 0.03% |
| 195 | Chubb Limited | CB | 819 | $247,330 | 0.03% |
| 196 | Dillard's Inc. Cl A | 254067101 | 679 | $243,170 | 0.03% |
| 197 | Frontdoor, Inc. | FTDR | 6,076 | $233,440 | 0.03% |
| 198 | Euronet Worldwide Inc. | EEFT | 2,118 | $226,308 | 0.03% |
| 199 | Opera Limited Sponsored ADR | OPRA | 13,815 | $220,211 | 0.03% |
| 200 | iShares 10-20 Year Treasury Bo | 464288653 | 2,064 | $214,140 | 0.03% |
| 201 | Payoneer Global, Inc. | PAYO | 21,943 | $160,403 | 0.02% |