Institutional Manager · CIK 0001170152
LEUTHOLD GROUP, LLC
MINNEAPOLIS, MN · File #028-10174
Latest AUM
$926.0M
Positions
207
Top-10 Concentration
31.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | Oracle Corp. | 68389X105 | -67,756 | -$19.1M | $0 |
| EXITED | Netflix Inc. | 64110L106 | -14,948 | -$17.9M | $0 |
| EXITED | United Rentals Inc. | 911363109 | -12,865 | -$12.3M | $0 |
| EXITED | PulteGroup Inc. | 745867101 | -89,134 | -$11.8M | $0 |
| NEW | FedEx Corp. | FDX | +37,713 | +$10.9M | $0 |
| NEW | United Parcel Service Inc. Cl | UPS | +106,348 | +$10.5M | $0 |
| EXITED | D.R. Horton Inc. | 23331A109 | -58,848 | -$10.0M | $0 |
| NEW | UnitedHealth Group Inc. | UNH | +28,134 | +$9.3M | $0 |
| NEW | Elevance Health Inc. | ELV | +22,531 | +$7.9M | $0 |
| REDUCE | T-Mobile US Inc | TMUSZ | -37,707 | -$7.7M | -$1.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025207 pos · $926.0M
- 13F HOLDINGS REPORTQ/E Sep 2025205 pos · $914.0M
- 13F HOLDINGS REPORTQ/E Jun 2025206 pos · $837.0M
- 13F HOLDINGS REPORTQ/E Mar 2025201 pos · $770.1M
- 13F HOLDINGS REPORTQ/E Dec 2024191 pos · $832.6M
- 13F HOLDINGS REPORTQ/E Sep 2024172 pos · $899.6M
- 13F HOLDINGS REPORTQ/E Jun 2024180 pos · $865.2M
- 13F HOLDINGS REPORTQ/E Mar 2024178 pos · $888.0M
- 13F HOLDINGS REPORTQ/E Dec 2023182 pos · $713.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Microsoft Corp. | MSFT | 50,686 | $24.5M | 4.53% |
| 2 | Direxion Daily S&P500 Bear 1X | 25460E869 | 2,340,534 | $22.1M | 4.08% |
| 3 | Alphabet Inc. Cl A | GOOG | 67,594 | $21.2M | 3.91% |
| 4 | SPDR Bloomberg Barclays Intern | 78464A516 | 832,892 | $18.8M | 3.47% |
| 5 | Goldman Sachs Group Inc. | GSCE | 18,083 | $15.9M | 2.94% |
| 6 | Jabil Inc. | JBL | 62,315 | $14.2M | 2.63% |
| 7 | SPDR Intermediate Term Corpora | 78464A375 | 420,225 | $14.2M | 2.63% |
| 8 | Kinross Gold Corporation | KGCRF | 476,291 | $13.4M | 2.48% |
| 9 | ProShares Short Russell2000 | 74348A210 | 817,685 | $13.4M | 2.47% |
| 10 | Meta Platforms Inc. Class A | META | 19,970 | $13.2M | 2.44% |
| 11 | McKesson Corp. | MCK | 16,008 | $13.1M | 2.43% |
| 12 | Cardinal Health Inc. | CAH | 63,407 | $13.0M | 2.41% |
| 13 | iShares 1-3 Year Treasury Bond | 464287457 | 154,959 | $12.8M | 2.37% |
| 14 | Morgan Stanley | MS-PQ | 70,029 | $12.4M | 2.30% |
| 15 | Flex Ltd. | FLEX | 205,534 | $12.4M | 2.29% |
| 16 | Cisco Systems Inc. | CSCO | 154,877 | $11.9M | 2.20% |
| 17 | FedEx Corp. | FDX | 37,713 | $10.9M | 2.01% |
| 18 | Technology Select Sector SPDR | 81369Y803 | 74,835 | $10.8M | 1.99% |
| 19 | United Parcel Service Inc. Cl | UPS | 106,348 | $10.5M | 1.95% |
| 20 | Cencora Inc. | COR | 30,893 | $10.4M | 1.93% |