LEUTHOLD GROUP, LLC

CIK

1170152

Location

MINNEAPOLIS, MN

Portfolio Value

Small $709,121,206

Diversification

Diversified

Filing Date

Global Rank

#1,891 / 8,232 ▲ 157

Top Industry

Electronic Components 7.5%

3Y Alpha vs SPY

-0.8%

Period ended 2 months ago

Filed May 6, 2026 · 38d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+73.8%

SPY

+76.5%

Annualised alpha

-0.6%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

2.7%

−0.8 pts

Top 5

11.6%

−1.3 pts

Top 10

21.0%

−1.1 pts

HHI

113

Diversified−9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	20.4%	$144,504,776	36
Healthcare	19.3%	$136,557,574	21
Financial Services	18.7%	$132,704,700	33
Industrials	11.3%	$80,418,024	16
Basic Materials	8.5%	$60,157,887	10
Consumer Cyclical	6.4%	$45,708,546	10
Energy	5.9%	$41,763,669	17
Communication Services	4.8%	$33,756,753	7
Consumer Defensive	3.2%	$22,938,918	5
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	$3,799,179
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

160 positions · $709,121,206 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 160 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%	2.69%
MSFT	Microsoft Corp Technology	Reduced	48,171	-2,515	$17,831,459	−27.3%	2.51%
JBL	Jabil Inc Technology	Reduced	58,946	-3,369	$15,657,825	+10.2%	2.21%
GS	Goldman Sachs Group Inc Financial Services	Added	18,317	+234	$15,495,998	−2.5%	2.19%
MCK	Mckesson Corp Healthcare	Added	16,156	+148	$13,980,756	+6.5%	1.97%
KGC	Kinross Gold Corp Basic Materials	Reduced	457,878	-18,413	$13,974,436	+4.2%	1.97%
FDX	Fedex Corp Industrials	Added	38,460	+747	$13,698,682	+25.7%	1.93%
CAH	Cardinal Health Inc Healthcare	Added	64,402	+995	$13,608,786	+4.4%	1.92%
FLEX	Flex Ltd. Technology	Reduced	200,422	-5,112	$13,119,624	+5.6%	1.85%
CSCO	Cisco Systems, Inc. Technology	Added	157,564	+2,687	$12,225,390	+2.5%	1.72%
MS	Morgan Stanley Financial Services	Added	71,004	+975	$11,685,128	−6.0%	1.65%
META	Meta Platforms, Inc. Communication Services	Added	20,129	+159	$11,516,404	−12.6%	1.62%
IAG	Iamgold Corp Basic Materials	Reduced	580,474	-33,264	$10,924,520	+7.9%	1.54%
UPS	United Parcel Service Inc Industrials	Added	108,545	+2,197	$10,678,657	+1.2%	1.51%
COR	Cencora, Inc. Healthcare	Added	31,265	+372	$9,821,587	−5.9%	1.39%
C	Citigroup Inc Financial Services	Added	85,041	+1,703	$9,644,499	−0.8%	1.36%
JPM	Jpmorgan Chase & Co Financial Services	Added	32,725	+537	$9,626,386	−7.2%	1.36%
ERIC	Ericsson Lm Telephone Co Technology	Added	811,438	+16,480	$9,144,906	+19.2%	1.29%
TEL	TE Connectivity plc Technology	Added	40,987	+632	$8,567,102	−6.7%	1.21%
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%	1.17%
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%	1.13%
NVDA	Nvidia Corp Technology	NEW	45,341	NEW	$7,907,470	NEW	1.12%
DB	Deutsche Bank Aktiengesellschaft Financial Services	Added	264,515	+3,306	$7,877,256	−21.8%	1.11%
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%	1.07%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	16,455	+48	$7,347,815	−1.2%	1.04%
PRIM	Primoris Services Corp Industrials	Added	50,904	+1,417	$7,281,308	+18.5%	1.03%
LAUR	Laureate Education, Inc. Consumer Defensive	Added	207,318	+3,281	$7,222,959	+5.1%	1.02%
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%	0.92%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Added	10,736	+64	$6,366,233	+22.4%	0.90%
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%	0.88%
FFIV	F5, Inc. Technology	Added	21,459	+748	$6,208,732	+17.4%	0.88%
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%	0.87%
BIIB	Biogen Inc. Healthcare	Added	33,143	+554	$6,076,106	+5.9%	0.86%
MRK	Merck & Co., Inc. Healthcare	Added	50,410	+1,114	$6,063,818	+16.9%	0.86%
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%	0.81%