LEUTHOLD GROUP, LLC

CIK

1170152

Location

MINNEAPOLIS, MN

Portfolio Value

Small $713,331,998

Diversification

Diversified

Filing Date

Global Rank

#2,163 / 8,622 ▲ 76 · as of Mar 2026

Top Industry

Electronic Components 7.5%

3Y Alpha vs SPY

-0.6%

Period ended 4 months ago

Filed May 6, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+65.2%

SPY

+67.9%

Annualised alpha

-0.6%

Max drawdown

−18.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

161 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

2.7%

−0.8 pts

Top 5

11.5%

−1.2 pts

Top 10

20.8%

−1.1 pts

HHI

112

Diversified−8

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	20.3%	$144,504,776	36
Financial Services	19.2%	$136,915,491	34
Healthcare	19.1%	$136,557,574	21
Industrials	11.4%	$81,061,896	17
Basic Materials	8.4%	$60,157,887	10
Consumer Cyclical	6.4%	$45,708,546	10
Energy	5.9%	$41,763,669	17
Communication Services	4.7%	$33,756,753	7
Consumer Defensive	3.1%	$22,295,047	4
Unclassified	1.4%	$9,666,931	2
Utilities	0.1%	$943,428	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOV	NOV Inc.	+181,272	208,123	$3,914,793
BKR	Baker Hughes Co	+94,152	106,518	$6,502,923
DAL	Delta Air Lines, Inc.	+55,903	64,885	$4,313,554
WFRD	Weatherford International plc	+35,219	40,665	$3,846,095
PSO	Pearson PLC	+29,895	60,124	$789,428
SNEX	StoneX Group Inc.	+16,620	47,107	$5,698,769
ERIC	Ericsson Lm Telephone Co	+16,480	811,438	$9,144,906
GTX	Garrett Motion Inc.	+8,027	341,259	$6,200,676
EQX	Equinox Gold Corp.	+7,331	282,460	$4,084,371
PRDO	PERDOCEO EDUCATION Corp	+7,210	117,983	$4,390,147
CNXC	Concentrix Corp	+4,571	66,034	$1,806,690
BCS	Barclays PLC	+4,427	333,080	$7,047,972
DB	Deutsche Bank Aktiengesellschaft	+3,306	264,515	$7,877,256
LAUR	Laureate Education, Inc.	+3,281	207,318	$7,222,959
SSNC	SS&C Technologies Holdings Inc	+3,108	53,973	$3,646,955
MMS	Maximus, Inc.	+3,052	44,280	$2,838,348
HBM	Hudbay Minerals Inc.	+2,979	141,717	$2,961,885
NTCT	Netscout Systems Inc	+2,894	182,878	$5,813,691
GAP	Gap Inc	+2,822	121,892	$2,949,786
BAC	Bank Of America Corp /De/	+2,757	165,043	$8,045,846
CSCO	Cisco Systems, Inc.	+2,687	157,564	$12,225,390
SLB	Slb Limited/Nv	+2,618	134,524	$6,913,188
OII	Oceaneering International Inc	+2,533	150,172	$5,326,600
BHE	Benchmark Electronics Inc	+2,439	50,065	$2,806,643
CTS	Cts Corp	+2,309	45,072	$2,152,638
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NTGR	Netgear, Inc.	−124,867	34,565	$754,899
IAG	Iamgold Corp	−33,264	580,474	$10,924,520
RJF	Raymond James Financial Inc	−24,892	2,642	$382,535
KGC	Kinross Gold Corp	−18,413	457,878	$13,974,436
CARG	CarGurus, Inc.	−13,115	116,455	$3,965,292
FLEX	Flex Ltd.	−5,112	200,422	$13,119,624
AA	Alcoa Corp	−4,769	44,476	$2,950,093
V	Visa Inc.	−4,291	16,576	$5,009,930
JBL	Jabil Inc	−3,369	58,946	$15,657,825
MA	Mastercard Inc	−3,289	12,330	$6,160,807
MSFT	Microsoft Corp	−2,515	48,171	$17,831,459
MFG	Mizuho Financial Group Inc	−2,383	79,775	$633,413
VOD	Vodafone Group Public Ltd Co	−1,359	45,478	$683,079
GOOGL	Alphabet Inc.	−1,201	66,393	$19,091,971
SEM	Select Medical Holdings Corp	−907	30,357	$494,515
SAN	Banco Santander, S.A.	−874	66,999	$755,748
EC	Ecopetrol S.A.	−761	25,483	$381,990
AMX	America Movil Sab De Cv/	−654	21,891	$557,782
VIAV	Viavi Solutions Inc.	−638	21,371	$711,226
TIMB	Tim S.A.	−607	20,317	$538,197
CVE	Cenovus Energy Inc.	−524	17,536	$465,230
MDU	Mdu Resources Group Inc	−463	15,503	$321,222
FXE	Invesco CurrencyShares Euro Trust	−386	40,779	$4,350,711
INVX	Innovex International, Inc.	−374	12,528	$305,557
ONB	Old National Bancorp /In/	−361	12,073	$266,813
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	45,341	$7,907,470
DELL	Dell Technologies Inc.	34,161	$5,606,844
TS	Tenaris SA	83,994	$4,886,770
LRCX	Lam Research Corp	20,757	$4,434,940
HAL	Halliburton Co	96,735	$3,771,697
BR	Broadridge Financial Solutions, Inc.	22,615	$3,674,485
AMD	Advanced Micro Devices Inc	7,836	$1,594,077
IBM	International Business Machines Corp	6,130	$1,485,850
AVGO	Broadcom Inc.	4,616	$1,428,698
SHEL	Shell plc	11,991	$1,115,163
AROC	Archrock, Inc.	27,109	$943,393
DVN	Devon Energy Corp/De	14,606	$734,973
FITB	Fifth Third Bancorp	7,958	$369,728
MRVL	Marvell Technology, Inc.	3,435	$340,236
SNX	Td Synnex Corp	1,536	$259,138
CRUS	Cirrus Logic, Inc.	1,760	$254,531
MU	Micron Technology Inc	740	$250,001
BDC	Belden Inc.	1,945	$223,344
SWKS	Skyworks Solutions, Inc.	3,867	$207,077
No positions match the current search.

Sold Out

Positions the filer fully exited

12 positions

Ticker	Company	Shares	Value
UNH	Unitedhealth Group Inc	28,134	$9,287,314
ELV	Elevance Health, Inc.	22,531	$7,898,242
UBER	Uber Technologies, Inc	63,823	$5,214,977
GT	Goodyear Tire & Rubber Co /Oh/	560,093	$4,906,414
HUM	Humana Inc	18,186	$4,657,980
CSGS	Csg Systems International Inc	46,602	$3,573,907
MOH	Molina Healthcare, Inc.	20,027	$3,475,485
LAZ	Lazard, Inc.	55,271	$2,683,959
BFH	Bread Financial Holdings, Inc.	6,020	$445,660
ZIM	ZIM Integrated Shipping Services Ltd.	12,777	$271,255
GSL	Global Ship Lease, Inc.	7,473	$261,853
MATX	Matson, Inc.	1,799	$222,266
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

161 tracked positions · $713,331,998 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 161 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	66,393	-1,201	$19,091,971	−9.8%	2.68%
MSFT	Microsoft Corp Technology	Reduced	48,171	-2,515	$17,831,459	−27.3%	2.50%
JBL	Jabil Inc Technology	Reduced	58,946	-3,369	$15,657,825	+10.2%	2.20%
GS	Goldman Sachs Group Inc Financial Services	Added	18,317	+234	$15,495,998	−2.5%	2.17%
MCK	Mckesson Corp Healthcare	Added	16,156	+148	$13,980,756	+6.5%	1.96%
KGC	Kinross Gold Corp Basic Materials	Reduced	457,878	-18,413	$13,974,436	+4.2%	1.96%
FDX	Fedex Corp Industrials	Added	38,460	+747	$13,698,683	+25.7%	1.92%
CAH	Cardinal Health Inc Healthcare	Added	64,402	+995	$13,608,786	+4.4%	1.91%
FLEX	Flex Ltd. Technology	Reduced	200,422	-5,112	$13,119,624	+5.6%	1.84%
CSCO	Cisco Systems, Inc. Technology	Added	157,564	+2,687	$12,225,390	+2.5%	1.71%
MS	Morgan Stanley Financial Services	Added	71,004	+975	$11,685,128	−6.0%	1.64%
META	Meta Platforms, Inc. Communication Services	Added	20,129	+159	$11,516,404	−12.6%	1.61%
IAG	Iamgold Corp Basic Materials	Reduced	580,474	-33,264	$10,924,520	+7.9%	1.53%
UPS	United Parcel Service Inc Industrials	Added	108,545	+2,197	$10,678,657	+1.2%	1.50%
COR	Cencora, Inc. Healthcare	Added	31,265	+372	$9,821,587	−5.9%	1.38%
C	Citigroup Inc Financial Services	Added	85,041	+1,703	$9,644,499	−0.8%	1.35%
JPM	Jpmorgan Chase & Co Financial Services	Added	32,725	+537	$9,626,386	−7.2%	1.35%
ERIC	Ericsson Lm Telephone Co Technology	Added	811,438	+16,480	$9,144,906	+19.2%	1.28%
TEL	TE Connectivity plc Technology	Added	40,987	+632	$8,567,102	−6.7%	1.20%
HCA	HCA Healthcare, Inc. Healthcare	Added	18,055	+128	$8,544,348	+2.1%	1.20%
MGA	Magna International Inc Consumer Cyclical	Added	149,263	+2,091	$8,330,368	+6.2%	1.17%
CM	Canadian Imperial Bank Of Commerce /Can/ Financial Services	Added	87,677	+1,247	$8,307,395	+6.1%	1.16%
BAC	Bank Of America Corp /De/ Financial Services	Added	165,043	+2,757	$8,045,846	−9.9%	1.13%
JNJ	Johnson & Johnson Healthcare	Added	32,730	+767	$8,000,521	+20.9%	1.12%
NVDA	Nvidia Corp Technology	NEW	45,341	NEW	$7,907,470	NEW	1.11%
DB	Deutsche Bank Aktiengesellschaft Financial Services	Added	264,515	+3,306	$7,877,256	−21.8%	1.10%
GILD	Gilead Sciences, Inc. Healthcare	Added	56,091	+1,033	$7,817,402	+15.7%	1.10%
AMGN	Amgen Inc Healthcare	Added	21,598	+196	$7,599,256	+8.5%	1.07%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	9,780	+341	$7,556,419	+3.7%	1.06%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	16,455	+48	$7,347,815	−1.2%	1.03%
PRIM	Primoris Services Corp Industrials	Added	50,904	+1,417	$7,281,308	+18.5%	1.02%
LAUR	Laureate Education, Inc. Consumer Defensive	Added	207,318	+3,281	$7,222,959	+5.1%	1.01%
BCS	Barclays PLC Financial Services	Added	333,080	+4,427	$7,047,972	−15.7%	0.99%
SLB	Slb Limited/Nv Energy	Added	134,524	+2,618	$6,913,188	+36.6%	0.97%
EME	EMCOR Group, Inc. Industrials	Added	9,166	+297	$6,767,349	+24.7%	0.95%
BKR	Baker Hughes Co Energy	Added	106,518	+94,152	$6,502,923	+1054.7%	0.91%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Added	10,736	+64	$6,366,233	+22.4%	0.89%
THC	Tenet Healthcare Corp Healthcare	Added	33,227	+443	$6,270,267	−3.8%	0.88%
BMY	Bristol Myers Squibb Co Healthcare	Added	103,233	+2,208	$6,261,081	+14.9%	0.88%
AEM	Agnico Eagle Mines Ltd Basic Materials	Added	30,707	+632	$6,232,906	+22.2%	0.87%
FFIV	F5, Inc. Technology	Added	21,459	+748	$6,208,732	+17.4%	0.87%
GTX	Garrett Motion Inc. Consumer Cyclical	Added	341,259	+8,027	$6,200,676	+6.8%	0.87%
MA	Mastercard Inc Financial Services	Reduced	12,330	-3,289	$6,160,807	−30.9%	0.86%
BIIB	Biogen Inc. Healthcare	Added	33,143	+554	$6,076,106	+5.9%	0.85%
MRK	Merck & Co., Inc. Healthcare	Added	50,410	+1,114	$6,063,818	+16.9%	0.85%
EGO	Eldorado Gold Corp /Fi Basic Materials	Reduced	174,224	-317	$5,981,109	−4.6%	0.84%
LEA	Lear Corp Consumer Cyclical	Added	48,222	+709	$5,838,719	+7.2%	0.82%
ALV	Autoliv Inc Consumer Cyclical	Added	55,412	+833	$5,827,125	−10.1%	0.82%
NTCT	Netscout Systems Inc Technology	Added	182,878	+2,894	$5,813,691	+19.4%	0.82%
APTV	Aptiv PLC Consumer Cyclical	Added	82,223	+1,209	$5,709,565	−7.4%	0.80%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.