Mount Lucas Management LP

Registered adviser

CIK

1185072

Location

Newtown, PA

Portfolio Value

Small $280,703,616

Diversification

Diversified

Filing Date

Global Rank

#5,293 / 8,811 ▼ 161

Top Industry

Asset Management 6.0%

Period ended 4 months ago

Filed Aug 10, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 108255

Roster of Oct 1, 2026

Regulatory AUM

$1,303,500,000

Main clients

Governments and sovereign funds (71% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$201,805,592 gross assets

LEI

549300KGSSFB18TBWK88

Private funds on Schedule D 7.B.(1)

As filed Mar 19, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$233,415,865 gross assets in 1 fund Hedge funds $233,415,865 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,303,500,000	Governments and sovereign funds (71%)
Apr 2025 to Mar 2026	$1,120,600,000	Governments and sovereign funds (69%)
Apr 2024 to Mar 2025	$1,144,600,000	Governments and sovereign funds (60%)
May 2023 to Mar 2024	$1,217,600,000	Governments and sovereign funds (53%)
Apr 2023	$1,217,600,000	Governments and sovereign funds (53%)
Apr 2022 to Mar 2023	$1,288,800,000	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 52.2%, 19.9 effective positions, active share 89.2% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

61.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 6.6 quarters, but 2.5% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 89.2%; sector active share 44.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

166 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.7%

−2.8 pts

Top 5

42.5%

+2.8 pts

Top 10

52.2%

+3.3 pts

HHI

503

Diversified−48

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	49.0%	$137,631,216	52
Financial Services	15.0%	$41,983,517	29
Healthcare	7.1%	$19,981,957	16
Technology	6.5%	$18,202,356	18
Communication Services	6.2%	$17,477,917	9
Industrials	5.3%	$14,998,133	12
Basic Materials	3.8%	$10,543,402	12
Consumer Cyclical	3.2%	$9,079,876	8
Consumer Defensive	1.8%	$4,935,632	4
Real Estate	1.2%	$3,336,274	3
Energy	0.7%	$1,874,896	2
Utilities	0.2%	$658,440	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
UWMC	UWM Holdings Corp	+100,200	260,000	$595,400
REM	iShares Mortgage Real Estate ETF	+74,824	137,838	$3,039,327
NU	Nu Holdings Ltd.	+42,900	90,000	$1,202,400
IMSR	Terrestrial Energy Inc. /DE/	+41,500	93,000	$658,440
CDE	Coeur Mining, Inc.	+38,748	70,760	$1,154,803
IVZ	Invesco Ltd.	+26,026	105,719	$2,789,924
SHY	iShares 1-3 Year Treasury Bond ETF	+21,788	84,507	$6,938,869
PAAS	Pan American Silver Corp	+20,212	26,143	$1,170,944
EWQ	iShares MSCI France ETF	+16,322	20,990	$953,575
VNQ	VANGUARD REAL ESTATE INDEX FUND	+9,908	17,385	$1,676,435
EWA	iShares MSCI Australia ETF	+6,889	147,259	$4,146,813
TD	Toronto Dominion Bank	+5,798	12,438	$1,510,346
T	At&T Inc.	+4,361	120,449	$2,493,294
DWX	State Street(R) SPDR(R) S&P(R) International Dividend ETF	+3,572	67,917	$3,121,465
EWZ	iShares MSCI Brazil ETF	+2,802	550,366	$18,987,627
F	Ford Motor Co	+2,699	109,539	$1,522,592
TUR	iShares Trust	+2,159	28,147	$1,094,355
AGNC	AGNC Investment Corp.	+1,852	58,559	$638,293
EVR	Evercore Inc.	+1,850	3,573	$1,219,965
FALN	iShares Fallen Angels USD Bond ETF	+1,767	81,403	$2,217,417
EWM	iShares MSCI Malaysia ETF	+1,762	37,899	$1,021,378
CCL	Carnival Corp Ltd.	+1,646	58,808	$1,680,144
VZ	Verizon Communications Inc	+1,469	40,699	$1,723,195
HBAN	Huntington Bancshares Inc /Md/	+1,447	46,859	$830,810
ECH	iShares MSCI Chile ETF	+1,413	25,687	$1,019,773
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
RKT	Rocket Companies, Inc.	−290,000	33,000	$519,750
RPV	Invesco S&P 500 Pure Value ETF	−139,000	139,712	$15,902,019
IEF	iShares 7-10 Year Treasury Bond ETF	−28,745	24,494	$2,316,397
BLND	Blend Labs, Inc.	−28,000	100,000	$171,000
KGC	Kinross Gold Corp	−27,431	45,257	$1,068,970
EVC	Entravision Communications Corp	−25,600	150,000	$1,956,000
ADBE	Adobe Inc.	−17,500	17,500	$3,587,850
CMTL	Comtech Telecommunications Corp /De/	−15,000	145,000	$304,500
NBIS	Nebius Group N.V.	−10,000	30,000	$8,285,100
B	Barrick Mining Corp	−9,267	29,840	$1,096,023
IEI	iShares 3-7 Year Treasury Bond ETF	−9,206	34,011	$3,994,591
NEM	NEWMONT Corp /DE/	−7,345	18,865	$1,761,991
MET	Metlife Inc	−6,787	9,301	$786,957
IWD	iShares Russell 1000 Value ETF	−6,054	5,771	$1,399,063
AEM	Agnico Eagle Mines Ltd	−4,393	1,687	$261,704
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	−4,164	30,600	$3,299,292
EWT	iShares MSCI Taiwan ETF	−3,601	10,354	$1,124,547
COF	Capital One Financial Corp	−2,664	6,135	$1,230,803
PGR	Progressive Corp/Oh/	−2,088	2,911	$635,907
PLTR	Palantir Technologies Inc.	−1,915	1,773	$206,855
EWY	iShares Trust	−1,805	5,171	$1,044,024
EZA	iShares MSCI South Africa ETF	−1,735	11,206	$708,107
COR	Cencora, Inc.	−1,688	6,977	$1,974,351
EWO	iShares MSCI Austria ETF	−1,412	23,360	$988,828
EPOL	iShares MSCI Poland ETF	−1,257	26,436	$1,020,693
No positions match the current search.

New Positions

Positions the filer opened this quarter

22 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	21,204	$15,614,625
QQQM	Invesco Ltd.	4,518	$1,368,818
ASR	Southeast Airport Group	4,000	$1,226,800
DDI	DoubleDown Interactive Co., Ltd.	100,000	$1,148,000
IAG	Iamgold Corp	57,971	$918,260
AUNA	Auna S.A.	175,000	$897,750
AAL	American Airlines Group Inc.	44,059	$796,146
LUV	Southwest Airlines Co	14,561	$748,726
HUM	Humana Inc	1,880	$746,773
CNC	Centene Corp	11,204	$719,184
SANM	Sanmina Corp	2,798	$708,117
DELL	Dell Technologies Inc.	1,620	$698,965
HL	Hecla Mining Co/De/	42,303	$652,735
FIVE	Five Below, Inc	3,553	$638,793
HPE	Hewlett Packard Enterprise Co	14,095	$635,825
AG	First Majestic Silver Corp	36,624	$621,143
ALAB	Astera Labs, Inc.	908	$438,582
TER	Teradyne, Inc	832	$402,554
EWG	iShares MSCI Germany ETF	9,632	$398,475
SITM	SITIME Corp	502	$374,271
AAOI	Applied Optoelectronics, Inc.	2,030	$300,764
EQX	Equinox Gold Corp.	30,796	$299,337
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
INTC	Intel Corp	125,000	$5,516,250
FTI	TechnipFMC plc	15,663	$1,082,783
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	16,921	$752,138
IBKR	Interactive Brokers Group, Inc.	10,369	$695,448
NTRS	Northern Trust Corp	4,961	$692,406
USFD	US Foods Holding Corp.	7,064	$651,371
CVNA	Carvana Co.	1,865	$586,318
EXEL	Exelixis, Inc.	12,969	$556,240
PFGC	Performance Food Group Co	6,188	$530,064
HLI	Houlihan Lokey, Inc.	3,162	$454,126
LAD	Lithia Motors Inc	1,636	$408,541
EQH	Equitable Holdings, Inc.	10,388	$385,498
AVGO	Broadcom Inc.	1,078	$333,651
NET	Cloudflare, Inc.	1,512	$311,986
APP	AppLovin Corp	728	$289,744
SFM	Sprouts Farmers Market, Inc.	3,371	$260,005
IOT	Samsara Inc.	6,923	$219,389
TKNO	Alpha Teknova, Inc.	70,000	$202,300
RBLX	Roblox Corp	2,698	$152,598
ZS	Zscaler, Inc.	888	$124,577
DUOL	Duolingo, Inc.	570	$56,184
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

166 tracked positions · $280,703,616 total · filing declares 168 positions · $280,703,160 · as of Jun 30, 2026

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

Showing 1–50 of 166 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
EWZ	iShares MSCI Brazil ETF	Added	550,366	+2,802	$18,987,627	−9.7%	6	$35.63	6.76%
RPV	Invesco S&P 500 Pure Value ETF	Reduced	139,712	-139,000	$15,902,019	−46.9%	3	$102.76	5.67%
QQQ	Invesco Qqq Trust, Series 1	NEW	21,204	NEW	$15,614,625	NEW	1	$688.02	5.56%
NBIS	Nebius Group N.V. Communication Services	Reduced	30,000	-10,000	$8,285,100	+99.6%	2	$99.81	2.95%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	84,507	+21,788	$6,938,869	—	26+	before history	2.47%
IREN	IREN Ltd Financial Services	Held	100,000	0	$4,573,000	+33.4%	2	$45.15	1.63%
BBJP	JPMorgan BetaBuilders Japan ETF	Added	56,363	+346	$4,244,697	+10.0%	14	$53.69	1.51%
EWA	iShares MSCI Australia ETF	Added	147,259	+6,889	$4,146,813	+6.4%	5	$25.25	1.48%
IEI	iShares 3-7 Year Treasury Bond ETF	Reduced	34,011	-9,206	$3,994,591	—	11	unpriced	1.42%
ADBE	Adobe Inc. Technology	Reduced	17,500	-17,500	$3,587,850	−57.8%	2	$277.01	1.28%
BKLN	Invesco Ltd. Financial Services	Reduced	162,045	-851	$3,300,856	−0.7%	15	$20.79	1.18%
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	Reduced	30,600	-4,164	$3,299,292	+3.7%	13	$69.10	1.18%
PBP	Invesco S&P 500 BuyWrite ETF	Added	138,716	+769	$3,176,596	+4.7%	14	unpriced	1.13%
EMHY	iShares J.P. Morgan EM High Yield Bond ETF	Added	77,798	+1,048	$3,164,044	+4.7%	14	$36.33	1.13%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Added	32,745	+700	$3,157,927	—	14	unpriced	1.13%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Reduced	19,855	-364	$3,137,685	+4.8%	13	$107.76	1.12%
DWX	State Street(R) SPDR(R) S&P(R) International Dividend ETF	Added	67,917	+3,572	$3,121,465	+6.4%	14	unpriced	1.11%
REM	iShares Mortgage Real Estate ETF	Added	137,838	+74,824	$3,039,327	—	4	unpriced	1.08%
CAH	Cardinal Health Inc Healthcare	Added	12,322	+309	$2,927,214	+15.3%	5	$168.63	1.04%
L	Loews Corp Financial Services	Added	25,699	+740	$2,909,383	+9.2%	11	$94.56	1.04%
IVZ	Invesco Ltd. Financial Services	Added	105,719	+26,026	$2,789,924	+44.1%	5	$21.01	0.99%
CSCO	Cisco Systems, Inc. Technology	Added	22,985	+837	$2,699,818	+57.1%	5	$63.90	0.96%
DAL	Delta Air Lines, Inc. Industrials	Added	27,897	+690	$2,612,833	+44.5%	13	$37.89	0.93%
PFF	iShares Preferred and Income Securities ETF	Added	85,186	+646	$2,597,321	—	4	unpriced	0.93%
MU	Micron Technology Inc Technology	Added	2,244	+325	$2,590,226	+299.5%	2	$443.59	0.92%
T	At&T Inc. Communication Services	Added	120,449	+4,361	$2,493,294	−25.9%	5	$27.19	0.89%
IEF	iShares 7-10 Year Treasury Bond ETF	Reduced	24,494	-28,745	$2,316,397	—	11	unpriced	0.83%
JNJ	Johnson & Johnson Healthcare	Added	8,815	+321	$2,238,745	+7.8%	2	$232.93	0.80%
FALN	iShares Fallen Angels USD Bond ETF	Added	81,403	+1,767	$2,217,417	—	14	unpriced	0.79%
MNST	Monster Beverage Corp Consumer Defensive	Added	23,056	+722	$2,216,142	+36.9%	2	$79.00	0.79%
GL	Globe Life Inc. Financial Services	Added	12,356	+302	$2,207,770	+31.6%	5	$132.40	0.79%
HYGV	FlexShares High Yield Value - Scored Bond Index Fund	Added	54,798	+889	$2,206,167	+2.2%	13	$40.44	0.79%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Added	52,003	+647	$2,205,447	—	15	unpriced	0.79%
JNK	State Street(R) SPDR(R) Bloomberg High Yield Bond ETF	Added	22,878	+304	$2,204,752	+2.0%	13	$93.47	0.79%
GHYG	iShares Trust	Added	48,581	+948	$2,200,233	—	14	unpriced	0.78%
BNY	Bank of New York Mellon Corp Financial Services	Added	15,100	+527	$2,183,611	+26.3%	11	$59.59	0.78%
MOH	Molina Healthcare, Inc. Healthcare	Held	9,500	0	$2,172,650	+71.6%	3	$164.37	0.77%
VTR	Ventas, Inc. Real Estate	Added	24,065	+886	$2,136,972	+12.7%	2	$81.98	0.76%
UAL	United Airlines Holdings, Inc. Industrials	Reduced	15,527	-812	$2,111,516	+40.4%	15	$44.59	0.75%
HCA	HCA Healthcare, Inc. Healthcare	Added	5,132	+92	$2,000,915	−16.1%	5	$451.16	0.71%
COR	Cencora, Inc. Healthcare	Reduced	6,977	-1,688	$1,974,351	−27.5%	5	$303.10	0.70%
EVC	Entravision Communications Corp Communication Services	Reduced	150,000	-25,600	$1,956,000	+275.0%	3	$2.61	0.70%
GD	General Dynamics Corp Industrials	Added	5,078	+176	$1,798,830	+6.9%	2	$354.28	0.64%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	18,865	-7,345	$1,761,991	−37.9%	5	$55.34	0.63%
VZ	Verizon Communications Inc Communication Services	Added	40,699	+1,469	$1,723,195	−12.5%	5	$45.06	0.61%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	11,365	+388	$1,721,797	−1.8%	2	$155.81	0.61%
CCL	Carnival Corp Ltd. Consumer Cyclical	Added	58,808	+1,646	$1,680,144	+13.6%	13	$16.56	0.60%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	17,385	+9,908	$1,676,435	+152.8%	11	$91.27	0.60%
CBOE	Cboe Global Markets, Inc. Financial Services	Added	6,864	+230	$1,665,686	−10.7%	2	$279.33	0.59%
FTAI	FTAI Aviation Ltd. Industrials	Held	6,000	0	$1,623,180	+10.4%	4	$145.34	0.58%

Showing the top 50 of 166 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.