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LEUTHOLD GROUP, LLC — 13F Holdings & Portfolio

CIK 1170152 · latest 13F-HR filed 2026-08-04

Backtest portfolio

LEUTHOLD GROUP, LLC manages $995.2M in 13F-reported U.S. long-equity assets across 237 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPDN (2.64%), GOOGL (2.29%), FLEX (2.00%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 37 new positions, exited 11, added to 88, and trimmed 70.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
100 NORTH 6TH STREET, SUITE 600A
MINNEAPOLIS, MN 55403
Phone
(612) 332-9141
Filing Manager
LEUTHOLD GROUP, LLC
MINNEAPOLIS, MN
Signatory
Glenn R. Larson
Chief Compliance Officer
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AUM

$995.2M

Long-equity book

Holdings

237

Distinct positions

Period

2026-06-30

Filed 2026-08-04

Q/Q Activity

+37 / −11 / ↑88 / ↓70

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • Advanced Micro Devices Inc.$9.2M +575.8%
  • Devon Energy Corp.$7.7M +1047.9%
  • Dell Technologies Inc. Class C$7.4M +132.6%
  • Flex Ltd.$6.8M +52.1%
  • NVIDIA Corp.$5.8M +73.5%
Show all 88 →

Top Trims

  • Goldman Sachs Group Inc.-$14.4M -92.9%
  • Morgan Stanley-$10.8M -92.3%
  • SPDR Barclays International Co-$7.3M -92.7%
  • Deutsche Bank AG-$7.2M -91.3%
  • SPDR Bloomberg Barclays Intern-$6.7M -36.7%
Show all 70 →

New Positions

  • iShares TIPS Bond ETF$7.2M
  • Elevance Health Inc.$6.7M
  • iShares 0-5 Year TIPS Bond ETF$6.5M
  • RenaissanceRe Holdings Ltd.$5.5M
  • HF Sinclair Corporation$5.1M
Show all 37 →

Exited Positions

  • Sanofi SA Sponsored ADR$4.6M
  • StoneX Group Inc.$3.8M
  • Visteon Corp$3.7M
  • Broadridge Financial Solutions$3.7M
  • SS&C Technologies Holdings, In$3.6M
Show all 11 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Direxion Daily S&P500 Bear 1X SPDN 25460E869 $26.3M 2.64% 3,035,510 SH
2 Alphabet Inc. Cl A GOOGL 02079K305 $22.8M 2.29% 63,893 SH
3 Flex Ltd. FLEX Y2573F102 $19.9M 2.00% 123,091 SH
4 Microsoft Corp. MSFT 594918104 $17.4M 1.75% 46,640 SH
5 Cisco Systems Inc. CSCO 17275R102 $16.9M 1.70% 143,885 SH
6 Jabil Inc. JBL 466313103 $15.6M 1.57% 40,469 SH
7 Cardinal Health Inc. CAH 14149Y108 $14.5M 1.46% 61,075 SH
8 NVIDIA Corp. NVDA 67066G104 $13.7M 1.38% 68,568 SH
9 Dell Technologies Inc. Class C DELL 24703L202 $13.0M 1.31% 30,222 SH
10 Technology Select Sector SPDR XLK 81369Y803 $12.7M 1.28% 66,606 SH
11 iShares 1-3 Year Treasury Bond SHY 464287457 $12.3M 1.24% 149,887 SH
12 Garrett Motion Inc GTX 366505105 $11.7M 1.17% 322,518 SH
13 McKesson Corp. MCK 58155Q103 $11.6M 1.17% 15,354 SH
14 FedEx Corp. FDX 31428X106 $11.5M 1.16% 36,855 SH
15 SPDR Bloomberg Barclays Intern BWX 78464A516 $11.5M 1.16% 531,295 SH
16 ProShares Short Russell2000 RWM 74348A210 $11.5M 1.15% 864,330 SH
17 SPDR Intermediate Term Corpora SPIB 78464A375 $11.3M 1.14% 337,668 SH
18 Citigroup Inc. C 172967424 $11.3M 1.13% 80,600 SH
19 United Parcel Service Inc. Cl UPS 911312106 $11.2M 1.12% 103,834 SH
20 Advanced Micro Devices Inc. AMD 007903107 $10.8M 1.08% 18,545 SH
21 Meta Platforms Inc. Class A META 30303M102 $10.8M 1.08% 19,101 SH
22 Vanguard Short-Term Inflation- VTIP 922020805 $10.5M 1.06% 209,972 SH
23 Kinross Gold Corporation KGC 496902404 $10.3M 1.04% 438,079 SH
24 JPMorgan Chase & Co. JPM 46625H100 $10.2M 1.02% 31,099 SH
25 iShares International Treasury IGOV 464288117 $10.1M 1.02% 246,891 SH
26 iShares S&P 500 Fund IVV 464287200 $9.8M 0.98% 13,036 SH
27 Canadian Imperial Bank of Comm CM 136069101 $9.6M 0.96% 83,342 SH
28 Magna International Inc. MGA 559222401 $9.3M 0.94% 141,976 SH
29 Sanmina Corporation SANM 801056102 $9.2M 0.93% 36,379 SH
30 HCA Healthcare Inc HCA 40412C101 $9.0M 0.90% 23,005 SH
31 Bank of America Corp. BAC 060505104 $8.9M 0.90% 156,480 SH
32 Iamgold Corporation IAG 450913108 $8.8M 0.89% 558,547 SH
33 Telefonaktiebolaget LM Ericsso ERIC 294821608 $8.6M 0.86% 767,612 SH
34 Lam Research Corp. LRCX 512807306 $8.5M 0.86% 19,702 SH
35 Barclays PLC ADR BCS 06738E204 $8.5M 0.86% 316,950 SH
36 Devon Energy Corp. DVN 25179M103 $8.4M 0.85% 204,176 SH
37 F5 Networks Inc. FFIV 315616102 $8.4M 0.85% 20,249 SH
38 Cencora Inc. COR 03073E105 $8.4M 0.84% 29,647 SH
39 Dycom Industries Inc DY 267475101 $7.9M 0.80% 15,719 SH
40 Johnson & Johnson JNJ 478160104 $7.9M 0.79% 31,085 SH
41 Vertex Pharmaceuticals Inc. VRTX 92532F100 $7.8M 0.78% 15,640 SH
42 iShares MBS ETF MBB 464288588 $7.6M 0.77% 80,658 SH
43 iShares 5-10yr Investment Grad IGIB 464288638 $7.6M 0.76% 142,552 SH
44 NetScout Systems, Inc. NTCT 64115T104 $7.6M 0.76% 173,744 SH
45 Plexus Corp. PLXS 729132100 $7.5M 0.76% 25,054 SH
46 Amgen Inc. AMGN 031162100 $7.4M 0.75% 20,512 SH
47 iShares TIPS Bond ETF TIP 464287176 $7.2M 0.73% 66,153 SH
48 Emcor Group Inc EME 29084Q100 $7.2M 0.73% 8,701 SH
49 Laureate Education Inc LAUR 518613203 $7.1M 0.72% 196,485 SH
50 iShares 7-10 Year Treasury Bon IEF 464287440 $7.1M 0.71% 74,708 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-04 $995.2M 237 0000897069-26-001570
2026-03-31 2026-05-06 $938.7M 211 0000897069-26-001031
2025-12-31 2026-02-05 $926.0M 207 0000897069-26-000228