13F HOLDINGS REPORT
LEUTHOLD GROUP, LLC
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0000897069-25-001316
Total Value
$837.0M
Positions
206
Other Managers
0
Confidential Omitted
No
Holdings (206)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corp. | MSFT | 50,269 | $25.0M | 2.99% |
| 2 | Meta Platforms Inc. Class A | META | 29,556 | $21.8M | 2.61% |
| 3 | SPDR Bloomberg Barclays Intern | 78464A516 | 839,145 | $19.7M | 2.35% |
| 4 | Netflix Inc. | NFLX | 14,441 | $19.3M | 2.31% |
| 5 | Direxion Daily S&P500 Bear 1X | 25460E869 | 1,731,569 | $17.8M | 2.13% |
| 6 | Oracle Corp. | ORCL-PD | 67,388 | $14.7M | 1.76% |
| 7 | iShares 1-3 Year Treasury Bond | 464287457 | 165,772 | $13.7M | 1.64% |
| 8 | Jabil Inc. | JBL | 59,900 | $13.1M | 1.56% |
| 9 | SPDR Intermediate Term Corpora | 78464A375 | 388,529 | $13.0M | 1.56% |
| 10 | iShares International Treasury | 464288117 | 289,269 | $12.5M | 1.49% |
| 11 | Goldman Sachs Group Inc. | GSCE | 17,385 | $12.3M | 1.47% |
| 12 | Alphabet Inc. Cl A | GOOG | 67,493 | $11.9M | 1.42% |
| 13 | McKesson Corp. | MCK | 15,453 | $11.3M | 1.35% |
| 14 | ProShares Short Russell2000 | 74348A210 | 595,073 | $11.2M | 1.34% |
| 15 | Vanguard Short-Term Inflation- | 922020805 | 213,388 | $10.7M | 1.28% |
| 16 | Financial Select Sector SPDR F | 81369Y605 | 196,446 | $10.3M | 1.23% |
| 17 | Cardinal Health Inc. | CAH | 61,036 | $10.3M | 1.23% |
| 18 | Flex Ltd. | FLEX | 197,916 | $9.9M | 1.18% |
| 19 | Technology Select Sector SPDR | 81369Y803 | 38,893 | $9.8M | 1.18% |
| 20 | United Rentals Inc. | URI | 12,883 | $9.7M | 1.16% |
| 21 | Morgan Stanley | MS-PQ | 67,646 | $9.5M | 1.14% |
| 22 | Kinross Gold Corporation | KGCRF | 604,396 | $9.4M | 1.13% |
| 23 | PulteGroup Inc. | 745867101 | 89,268 | $9.4M | 1.12% |
| 24 | T-Mobile US Inc | TMUSZ | 39,491 | $9.4M | 1.12% |
| 25 | iShares S&P 500 Fund | 464287200 | 14,658 | $9.1M | 1.09% |
| 26 | Communication Services Select | 81369Y852 | 83,162 | $9.0M | 1.08% |
| 27 | JPMorgan Chase & Co. | VYLD | 30,882 | $9.0M | 1.07% |
| 28 | Cencora Inc. | COR | 29,858 | $9.0M | 1.07% |
| 29 | Invesco CurrencyShares Japanes | 46138W107 | 134,551 | $8.6M | 1.03% |
| 30 | Cisco Systems Inc. | CSCO | 123,562 | $8.6M | 1.02% |
| 31 | Mastercard Inc. Cl A | MA | 15,102 | $8.5M | 1.01% |
| 32 | SPDR Barclays International Co | 78464A151 | 256,592 | $8.4M | 1.00% |
| 33 | iShares 7-10 Year Treasury Bon | 464287440 | 80,222 | $7.7M | 0.92% |
| 34 | iShares 5-10yr Investment Grad | 464288638 | 143,077 | $7.6M | 0.91% |
| 35 | D.R. Horton Inc. | 23331A109 | 58,938 | $7.6M | 0.91% |
| 36 | Bank of America Corp. | 060505104 | 156,268 | $7.4M | 0.88% |
| 37 | Deutsche Bank AG | D18190898 | 252,216 | $7.4M | 0.88% |
| 38 | Visa Inc. | V | 20,066 | $7.1M | 0.85% |
| 39 | Check Point Software Technolog | M22465104 | 32,088 | $7.1M | 0.85% |
| 40 | Citigroup Inc. | C-PR | 80,148 | $6.8M | 0.82% |
| 41 | AT&T Inc. | T-PC | 235,452 | $6.8M | 0.81% |
| 42 | iShares Core MSCI EAFE ETF | 46432F842 | 78,957 | $6.6M | 0.79% |
| 43 | TE Connectivity Ltd. | TEL | 38,812 | $6.5M | 0.78% |
| 44 | Fortinet Inc. | FTNT | 61,736 | $6.5M | 0.78% |
| 45 | Walt Disney Co. | 254687106 | 51,931 | $6.4M | 0.77% |
| 46 | iShares MBS ETF | 464288588 | 66,832 | $6.3M | 0.75% |
| 47 | Toll Brothers Inc. | TOL | 54,139 | $6.2M | 0.74% |
| 48 | Adtalem Global Education Inc. | ADT | 48,488 | $6.2M | 0.74% |
| 49 | Iamgold Corporation | IAG | 818,737 | $6.0M | 0.72% |
| 50 | HCA Healthcare Inc | HCA | 15,606 | $6.0M | 0.71% |
| 51 | Canadian Imperial Bank of Comm | CNDIF | 83,376 | $5.9M | 0.71% |
| 52 | Barclays PLC ADR | BCLYF | 317,243 | $5.9M | 0.70% |
| 53 | Uber Technologies, Inc. | UBER | 61,335 | $5.7M | 0.68% |
| 54 | VeriSign Inc. | VRSN | 19,734 | $5.7M | 0.68% |
| 55 | Agnico-Eagle Mines Ltd. | AEM | 46,805 | $5.6M | 0.67% |
| 56 | Nokia Corp. (ADR) | NOKBF | 1,048,613 | $5.4M | 0.65% |
| 57 | F5 Networks Inc. | FFIV | 18,413 | $5.4M | 0.65% |
| 58 | Stride, Inc. | LRN | 36,993 | $5.4M | 0.64% |
| 59 | Telefonaktiebolaget LM Ericsso | 294821608 | 602,678 | $5.1M | 0.61% |
| 60 | Tenet Healthcare Corporation | THC | 28,857 | $5.1M | 0.61% |
| 61 | Simplify MBS ETF | 82889N525 | 99,986 | $5.0M | 0.60% |
| 62 | Laureate Education Inc | LAUR | 212,592 | $5.0M | 0.59% |
| 63 | Invesco CurrencyShares Euro Tr | FXE | 44,735 | $4.9M | 0.58% |
| 64 | iShares Core Total U.S. Bond M | 464287226 | 47,795 | $4.7M | 0.57% |
| 65 | Universal Technical Institute | UTI | 136,521 | $4.6M | 0.55% |
| 66 | Twilio, Inc | TWLO | 36,638 | $4.6M | 0.54% |
| 67 | Hartford Insurance Group Inc. | HIG-PG | 35,010 | $4.4M | 0.53% |
| 68 | CarGurus, Inc. Class A | CARG | 131,549 | $4.4M | 0.53% |
| 69 | Vanguard Russell 1000 Value ET | 92206C714 | 50,846 | $4.3M | 0.52% |
| 70 | PNC Financial Services Group I | 693475105 | 23,140 | $4.3M | 0.52% |
| 71 | Travelers Companies, Inc. | TRV | 15,907 | $4.3M | 0.51% |
| 72 | U.S. Bancorp | USB-PS | 91,347 | $4.1M | 0.49% |
| 73 | ProShares Short QQQ | 74349Y837 | 122,369 | $4.1M | 0.49% |
| 74 | Raymond James Financial Inc | 754730109 | 26,616 | $4.1M | 0.49% |
| 75 | SS&C Technologies Holdings, In | SSNC | 48,012 | $4.0M | 0.47% |
| 76 | GoDaddy, Inc. Class A | GDDY | 21,899 | $3.9M | 0.47% |
| 77 | Frontdoor, Inc. | FTDR | 65,531 | $3.9M | 0.46% |
| 78 | Allstate Corp. | ALL-PJ | 19,089 | $3.8M | 0.46% |
| 79 | UGI Corp. | 902681105 | 105,215 | $3.8M | 0.46% |
| 80 | Comcast Corp. (Cl A) | CCZ | 106,225 | $3.8M | 0.45% |
| 81 | Dycom Industries Inc | 267475101 | 15,393 | $3.8M | 0.45% |
| 82 | Encompass Health Corporation | EHC | 30,016 | $3.7M | 0.44% |
| 83 | Markel Group Inc. | MKL | 1,810 | $3.6M | 0.43% |
| 84 | Sanmina Corporation | SANM | 36,208 | $3.5M | 0.42% |
| 85 | Pan American Silver Corp. | 697900108 | 123,572 | $3.5M | 0.42% |
| 86 | Strategic Education, Inc. | STRA | 41,196 | $3.5M | 0.42% |
| 87 | Akamai Technologies Inc. | AKAM | 43,777 | $3.5M | 0.42% |
| 88 | Eldorado Gold Corp. | 284902509 | 171,214 | $3.5M | 0.42% |
| 89 | PayPal Holdings, Inc. | PYPL | 45,786 | $3.4M | 0.41% |
| 90 | Plexus Corp. | PLXS | 25,081 | $3.4M | 0.41% |
| 91 | MDU Resources Group, Inc. | 552690109 | 202,649 | $3.4M | 0.40% |
| 92 | Royal Caribbean Cruises Ltd | V7780T103 | 10,775 | $3.4M | 0.40% |
| 93 | Virtu Financial, Inc. Class A | 928254101 | 74,840 | $3.4M | 0.40% |
| 94 | Qualys, Inc. | QLYS | 23,410 | $3.3M | 0.40% |
| 95 | Assurant Inc. | AIZN | 16,780 | $3.3M | 0.40% |
| 96 | Universal Health Services Inc. | 913903100 | 18,069 | $3.3M | 0.39% |
| 97 | Arch Capital Group Ltd. | G0450A105 | 35,164 | $3.2M | 0.38% |
| 98 | Okta, Inc. Class A | OKTA | 31,697 | $3.2M | 0.38% |
| 99 | Carnival Corp. | CUKPF | 111,327 | $3.1M | 0.37% |
| 100 | New Jersey Resources Corp. | NJR | 69,635 | $3.1M | 0.37% |
| 101 | ADT, Inc. | ADT | 365,317 | $3.1M | 0.37% |
| 102 | ONE Gas Inc. | OGS | 42,499 | $3.1M | 0.36% |
| 103 | Concentrix Corporation | CNXC | 57,604 | $3.0M | 0.36% |
| 104 | Spire Inc. | SRJN | 41,490 | $3.0M | 0.36% |
| 105 | Life Time Group Holdings, Inc. | LTH | 98,855 | $3.0M | 0.36% |
| 106 | Charter Communications Inc. Cl | 16119P108 | 7,162 | $2.9M | 0.35% |
| 107 | Cigna Corporation | 125523100 | 8,843 | $2.9M | 0.35% |
| 108 | Health Care Select Sector SPDR | 81369Y209 | 21,569 | $2.9M | 0.35% |
| 109 | Equinox Gold Corp. | EQX | 505,518 | $2.9M | 0.35% |
| 110 | CSG Systems International Inc. | 126349109 | 43,593 | $2.8M | 0.34% |
| 111 | CVS Health Corp. | CVS | 41,140 | $2.8M | 0.34% |
| 112 | Verizon Communications Inc. | VZ | 65,523 | $2.8M | 0.34% |
| 113 | Lithia Motors Inc. | 536797103 | 8,260 | $2.8M | 0.33% |
| 114 | Expedia Group, Inc. | EXPE | 16,233 | $2.7M | 0.33% |
| 115 | Travel Leisure Co. | 894164102 | 52,913 | $2.7M | 0.33% |
| 116 | Asbury Automotive Group Inc. | ABG | 11,395 | $2.7M | 0.32% |
| 117 | Maximus Inc. | MMS | 38,595 | $2.7M | 0.32% |
| 118 | WNS (Holdings) Limited Sponsor | G98196101 | 41,644 | $2.6M | 0.31% |
| 119 | United Parks & Resorts, Inc. | PRKS | 54,083 | $2.6M | 0.30% |
| 120 | Hyatt Hotels Corp. | H | 18,108 | $2.5M | 0.30% |
| 121 | The Hanover Insurance Group In | 410867105 | 13,751 | $2.3M | 0.28% |
| 122 | iShares Expanded Tech-Software | 464287515 | 20,826 | $2.3M | 0.27% |
| 123 | VanEck Gold Miners ETF | 92189F106 | 43,460 | $2.3M | 0.27% |
| 124 | Utilities Select Sector SPDR F | 81369Y886 | 27,526 | $2.2M | 0.27% |
| 125 | Norwegian Cruise Line Holdings | NCLH | 107,021 | $2.2M | 0.26% |
| 126 | Kemper Corporation | KMPB | 32,840 | $2.1M | 0.25% |
| 127 | DigitalOcean Holdings, Inc. | DOCN | 73,477 | $2.1M | 0.25% |
| 128 | White Mountains Insurance Grou | G9618E107 | 1,165 | $2.1M | 0.25% |
| 129 | iShares MSCI Emerging Markets | 46434G764 | 33,050 | $2.1M | 0.25% |
| 130 | Wix.com Ltd. | WIX | 11,951 | $1.9M | 0.23% |
| 131 | Benchmark Electronics Inc. | 08160H101 | 45,097 | $1.8M | 0.21% |
| 132 | CTS Corp | CTS | 40,404 | $1.7M | 0.21% |
| 133 | Digi International Inc. | 253798102 | 48,798 | $1.7M | 0.20% |
| 134 | Vanguard Short-Term Corporate | 92206C409 | 18,513 | $1.5M | 0.18% |
| 135 | iShares U.S. Healthcare Provid | 464288828 | 28,860 | $1.4M | 0.17% |
| 136 | Invesco S&P 500 Equal Weight C | IVZ | 23,805 | $1.3M | 0.15% |
| 137 | iShares U.S. Telecommunication | 464287713 | 42,014 | $1.3M | 0.15% |
| 138 | U.S. Global Jets ETF | 26922A842 | 53,461 | $1.2M | 0.15% |
| 139 | Vanguard Short-Term Treasury E | 92206C102 | 17,786 | $1.0M | 0.12% |
| 140 | Industrial Select Sector SPDR | 81369Y704 | 6,760 | $997,235 | 0.12% |
| 141 | iShares U.S. Insurance ETF | 464288786 | 7,308 | $982,634 | 0.12% |
| 142 | Leuthold Select Industries ET | 56167R705 | 23,464 | $862,635 | 0.10% |
| 143 | iShares Aaa-A Rated Corporate | 46429B291 | 16,882 | $807,635 | 0.10% |
| 144 | Aberdeen Standard Bloomberg Al | 003261104 | 36,609 | $760,369 | 0.09% |
| 145 | Invesco KBW Bank ETF | IVZ | 9,210 | $659,620 | 0.08% |
| 146 | Everest Group Ltd. | EG | 1,883 | $639,938 | 0.08% |
| 147 | SPDR S&P Capital Markets ETF | 78464A771 | 4,402 | $637,982 | 0.08% |
| 148 | Janus Detroit Street Trust Jan | 47103U845 | 12,516 | $635,187 | 0.08% |
| 149 | Banco Santander S.A. ADR | BCDRF | 68,900 | $571,870 | 0.07% |
| 150 | Salesforce.com Inc. | CRM | 2,016 | $549,743 | 0.07% |
| 151 | eBay Inc. | EBAY | 7,371 | $548,845 | 0.07% |
| 152 | Perdoceo Education Corporation | PRDO | 16,690 | $545,596 | 0.07% |
| 153 | Graham Holdings Co. | GHM | 539 | $509,986 | 0.06% |
| 154 | Millrose Properties Inc | 601137102 | 17,581 | $501,234 | 0.06% |
| 155 | Vodafone Group PLC ADS | 92857W308 | 46,769 | $498,558 | 0.06% |
| 156 | Axis Capital Holdings Ltd | G0692U109 | 4,609 | $478,506 | 0.06% |
| 157 | WisdomTree Yield Enhanced U.S. | WT | 10,932 | $476,963 | 0.06% |
| 158 | InterDigital Inc. | IDCC | 2,071 | $464,380 | 0.06% |
| 159 | Mizuho Financial Group Inc. AD | MZHOF | 82,038 | $456,131 | 0.05% |
| 160 | Old Republic International Cor | 680223104 | 11,801 | $453,630 | 0.05% |
| 161 | Synopsys Inc | SNPS | 880 | $451,158 | 0.05% |
| 162 | Invesco Leisure and Entertainm | IVZ | 7,846 | $446,437 | 0.05% |
| 163 | iShares iBoxx $ Investment Gra | 464287242 | 4,063 | $445,345 | 0.05% |
| 164 | Dropbox, Inc. Class A | DBX | 15,513 | $443,672 | 0.05% |
| 165 | Delta Air Lines Inc. | DAL | 8,969 | $441,095 | 0.05% |
| 166 | TIM S.A. Sponsored ADR | TIMB | 20,903 | $420,359 | 0.05% |
| 167 | UBS Group AG (new) | UBS | 12,323 | $416,764 | 0.05% |
| 168 | Zoom Communications, Inc. Clas | ZM | 5,328 | $415,477 | 0.05% |
| 169 | General Motors Co. | 37045V100 | 8,436 | $415,136 | 0.05% |
| 170 | iShares Edge MSCI Min Vol USA | 46429B697 | 4,382 | $411,338 | 0.05% |
| 171 | Clear Secure, Inc. Class A | YOU | 14,703 | $408,155 | 0.05% |
| 172 | DocuSign, Inc. | DOCU | 5,188 | $404,093 | 0.05% |
| 173 | Interactive Brokers Group Inc. | 45841N107 | 7,100 | $393,411 | 0.05% |
| 174 | Magna International Inc. | 559222401 | 10,042 | $387,722 | 0.05% |
| 175 | SAP SE Sponsored ADR | SAPGF | 1,248 | $379,517 | 0.05% |
| 176 | SK Telecom Co. Ltd. ADS | SKM | 15,827 | $369,560 | 0.04% |
| 177 | H&R Block, Inc. | BSQKZ | 6,718 | $368,751 | 0.04% |
| 178 | TotalEnergies SE Sponsored ADR | TTE | 5,982 | $367,235 | 0.04% |
| 179 | Loews Corp. | L | 3,998 | $366,457 | 0.04% |
| 180 | Chevron Corp. | CVX | 2,559 | $366,423 | 0.04% |
| 181 | Suncor Energy Inc. | SU | 9,653 | $361,505 | 0.04% |
| 182 | Grupo Aeroportuario del Surest | 40051E202 | 1,117 | $356,178 | 0.04% |
| 183 | Wells Fargo & Co. | 949746101 | 4,334 | $347,240 | 0.04% |
| 184 | iShares S&P Small Cap 600 Inde | 464287804 | 3,160 | $345,356 | 0.04% |
| 185 | Autoliv Inc. | ALV | 2,976 | $333,014 | 0.04% |
| 186 | Copa Holdings S.A. Cl A | CPA | 3,023 | $332,439 | 0.04% |
| 187 | ACI Worldwide Inc | ACIW | 7,124 | $327,063 | 0.04% |
| 188 | M&T Bank Corp. | 55261F104 | 1,478 | $286,717 | 0.03% |
| 189 | Dillard's Inc. Cl A | 254067101 | 679 | $283,707 | 0.03% |
| 190 | Old National Bancorp | 680033107 | 12,416 | $264,957 | 0.03% |
| 191 | Primoris Services Corporation | 74164F103 | 3,375 | $263,048 | 0.03% |
| 192 | Comerica Inc. | 200340107 | 4,385 | $261,565 | 0.03% |
| 193 | Opera Limited Sponsored ADR | OPRA | 13,815 | $261,104 | 0.03% |
| 194 | Lear Corp. | LEA | 2,701 | $256,541 | 0.03% |
| 195 | Equinor ASA Sponsored ADR | STOHF | 9,724 | $244,461 | 0.03% |
| 196 | Cenovus Energy Inc. | CVE | 17,940 | $243,984 | 0.03% |
| 197 | Chubb Limited | CB | 819 | $237,281 | 0.03% |
| 198 | Schwab US Dividend Equity ETF | 808524797 | 8,827 | $233,916 | 0.03% |
| 199 | Ecopetrol SA Sponsored ADR | EC | 26,071 | $230,728 | 0.03% |
| 200 | YPF SA Sponsored ADR Class D | YPF | 7,266 | $228,516 | 0.03% |
| 201 | iShares Edge MSCI USA Quality | 46432F339 | 1,209 | $221,029 | 0.03% |
| 202 | iShares MSCI ACWI ETF | 464288257 | 1,716 | $220,678 | 0.03% |
| 203 | Valmont Industries Inc. | 920253101 | 673 | $219,782 | 0.03% |
| 204 | Schwab Fundamental Internation | 808524755 | 5,216 | $208,744 | 0.02% |
| 205 | ZIM Integrated Shipping Servic | ZIM | 12,767 | $205,421 | 0.02% |
| 206 | Matson, Inc. | MATX | 1,798 | $200,207 | 0.02% |