LEUTHOLD GROUP, LLC — 13F Holdings & Portfolio
CIK 1170152 · latest 13F-HR filed 2026-05-06
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.
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AUM
$938.7M
Long-equity book
Holdings
211
Distinct positions
Period
2026-03-31
Filed 2026-05-06
Q/Q Activity
+22 / −18 / ↑77 / ↓59
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Direxion Daily S&P500 Bear 1X$8.5M +38.6%
- Baker Hughes Company Class A$5.9M +1054.7%
- Delta Air Lines Inc.$3.7M +592.0%
- NOV Inc.$3.5M +832.8%
- Weatherford International plc$3.4M +802.4%
Top Trims
- Microsoft Corp.-$6.7M -27.3%
- Raymond James Financial Inc-$4.0M -91.3%
- Netgear Inc-$3.2M -80.7%
- Financial Select Sector SPDR F-$3.1M -33.6%
- Mastercard Inc. Cl A-$2.8M -30.9%
New Positions
- NVIDIA Corp.$7.9M
- Dell Technologies Inc. Class C$5.6M
- Tenaris S.A.$4.9M
- Lam Research Corp.$4.4M
- Halliburton Co.$3.8M
Exited Positions
- UnitedHealth Group Inc.$9.3M
- Elevance Health Inc.$7.9M
- Uber Technologies, Inc.$5.2M
- Goodyear Tire & Rubber Co.$4.9M
- Humana Inc.$4.7M
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 | $30.6M | 3.26% | 3,074,122 | SH |
| 2 | Alphabet Inc. Cl A | GOOGL | 02079K305 | $19.1M | 2.03% | 66,393 | SH |
| 3 | SPDR Bloomberg Barclays Intern | BWX | 78464A516 | $18.2M | 1.94% | 829,138 | SH |
| 4 | Microsoft Corp. | MSFT | 594918104 | $17.8M | 1.90% | 48,171 | SH |
| 5 | Jabil Inc. | JBL | 466313103 | $15.7M | 1.67% | 58,946 | SH |
| 6 | Goldman Sachs Group Inc. | GS | 38141G104 | $15.5M | 1.65% | 18,317 | SH |
| 7 | SPDR Intermediate Term Corpora | SPIB | 78464A375 | $14.1M | 1.50% | 420,225 | SH |
| 8 | ProShares Short Russell2000 | RWM | 74348A210 | $14.1M | 1.50% | 868,675 | SH |
| 9 | McKesson Corp. | MCK | 58155Q103 | $14.0M | 1.49% | 16,156 | SH |
| 10 | Kinross Gold Corporation | KGC | 496902404 | $14.0M | 1.49% | 457,878 | SH |
| 11 | FedEx Corp. | FDX | 31428X106 | $13.7M | 1.46% | 38,460 | SH |
| 12 | Cardinal Health Inc. | CAH | 14149Y108 | $13.6M | 1.45% | 64,402 | SH |
| 13 | Flex Ltd. | FLEX | Y2573F102 | $13.1M | 1.40% | 200,422 | SH |
| 14 | iShares 1-3 Year Treasury Bond | SHY | 464287457 | $13.0M | 1.38% | 157,002 | SH |
| 15 | Cisco Systems Inc. | CSCO | 17275R102 | $12.2M | 1.30% | 157,564 | SH |
| 16 | Morgan Stanley | MS | 617446448 | $11.7M | 1.24% | 71,004 | SH |
| 17 | Meta Platforms Inc. Class A | META | 30303M102 | $11.5M | 1.23% | 20,129 | SH |
| 18 | Iamgold Corporation | IAG | 450913108 | $10.9M | 1.16% | 580,474 | SH |
| 19 | United Parcel Service Inc. Cl | UPS | 911312106 | $10.7M | 1.14% | 108,545 | SH |
| 20 | Vanguard Short-Term Inflation- | VTIP | 922020805 | $10.4M | 1.11% | 208,699 | SH |
| 21 | iShares International Treasury | IGOV | 464288117 | $10.2M | 1.08% | 247,992 | SH |
| 22 | Cencora Inc. | COR | 03073E105 | $9.8M | 1.05% | 31,265 | SH |
| 23 | Citigroup Inc. | C | 172967424 | $9.6M | 1.03% | 85,041 | SH |
| 24 | JPMorgan Chase & Co. | JPM | 46625H100 | $9.6M | 1.03% | 32,725 | SH |
| 25 | Technology Select Sector SPDR | XLK | 81369Y803 | $9.3M | 0.99% | 70,273 | SH |
| 26 | Telefonaktiebolaget LM Ericsso | ERIC | 294821608 | $9.1M | 0.97% | 811,438 | SH |
| 27 | TE Connectivity Ltd. | TEL | G87052109 | $8.6M | 0.91% | 40,987 | SH |
| 28 | HCA Healthcare Inc | HCA | 40412C101 | $8.5M | 0.91% | 18,055 | SH |
| 29 | iShares S&P 500 Fund | IVV | 464287200 | $8.5M | 0.91% | 13,038 | SH |
| 30 | Magna International Inc. | MGA | 559222401 | $8.3M | 0.89% | 149,263 | SH |
| 31 | Canadian Imperial Bank of Comm | CM | 136069101 | $8.3M | 0.88% | 87,677 | SH |
| 32 | Bank of America Corp. | BAC | 060505104 | $8.0M | 0.86% | 165,043 | SH |
| 33 | Johnson & Johnson | JNJ | 478160104 | $8.0M | 0.85% | 32,730 | SH |
| 34 | NVIDIA Corp. | NVDA | 67066G104 | $7.9M | 0.84% | 45,341 | SH |
| 35 | SPDR Barclays International Co | IBND | 78464A151 | $7.9M | 0.84% | 254,065 | SH |
| 36 | Deutsche Bank AG | DB | D18190898 | $7.9M | 0.84% | 264,515 | SH |
| 37 | iShares 5-10yr Investment Grad | IGIB | 464288638 | $7.9M | 0.84% | 147,727 | SH |
| 38 | Gilead Sciences Inc. | GILD | 375558103 | $7.8M | 0.83% | 56,091 | SH |
| 39 | Vanguard Mortgage-Backed Secur | VMBS | 92206C771 | $7.8M | 0.83% | 165,106 | SH |
| 40 | iShares MBS ETF | MBB | 464288588 | $7.7M | 0.82% | 81,447 | SH |
| 41 | Amgen Inc. | AMGN | 031162100 | $7.6M | 0.81% | 21,598 | SH |
| 42 | Regeneron Pharmaceuticals Inc. | REGN | 75886F107 | $7.6M | 0.80% | 9,780 | SH |
| 43 | Vertex Pharmaceuticals Inc. | VRTX | 92532F100 | $7.3M | 0.78% | 16,455 | SH |
| 44 | Primoris Services Corporation | PRIM | 74164F103 | $7.3M | 0.78% | 50,904 | SH |
| 45 | Laureate Education Inc | LAUR | 518613203 | $7.2M | 0.77% | 207,318 | SH |
| 46 | iShares 7-10 Year Treasury Bon | IEF | 464287440 | $7.2M | 0.77% | 75,440 | SH |
| 47 | Barclays PLC ADR | BCS | 06738E204 | $7.0M | 0.75% | 333,080 | SH |
| 48 | SLB Limited | SLB | 806857108 | $6.9M | 0.74% | 134,524 | SH |
| 49 | Emcor Group Inc | EME | 29084Q100 | $6.8M | 0.72% | 9,166 | SH |
| 50 | Baker Hughes Company Class A | BKR | 05722G100 | $6.5M | 0.69% | 106,518 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-06 | $938.7M | 211 | 0000897069-26-001031 |
| 2025-12-31 | 2026-02-05 | $926.0M | 207 | 0000897069-26-000228 |