LEUTHOLD GROUP, LLC
CIK 0001170152
Annualised vol
9.822334%
Beta
0.4376
HHI
87.169951
Top-10 weight
17.379762%
VaR 95%
0.904557%
VaR 99%
1.720604%
Max drawdown
17.997085%
Matched value
66.31339%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GOOGL | REDUCED | 63,893 | 66,393 | -3.77% | 22,833,441 |
| FLEX | REDUCED | 123,091 | 200,422 | -38.58% | 19,949,358 |
| MSFT | REDUCED | 46,640 | 48,171 | -3.18% | 17,397,653 |
| CSCO | REDUCED | 143,885 | 157,564 | -8.68% | 16,900,732 |
| JBL | REDUCED | 40,469 | 58,946 | -31.35% | 15,599,990 |
| CAH | REDUCED | 61,075 | 64,402 | -5.17% | 14,508,977 |
| NVDA | ADDED | 68,568 | 45,341 | 51.23% | 13,719,771 |
| DELL | REDUCED | 30,222 | 34,161 | -11.53% | 13,039,584 |
| GTX | REDUCED | 322,518 | 341,259 | -5.49% | 11,684,827 |
| MCK | REDUCED | 15,354 | 16,156 | -4.96% | 11,601,482 |
| FDX | REDUCED | 36,855 | 38,460 | -4.17% | 11,540,406 |
| C | REDUCED | 80,600 | 85,041 | -5.22% | 11,280,776 |
| UPS | REDUCED | 103,834 | 108,545 | -4.34% | 11,162,155 |
| AMD | ADDED | 18,545 | 7,836 | 136.66% | 10,772,976 |
| META | REDUCED | 19,101 | 20,129 | -5.11% | 10,759,402 |
| KGC | REDUCED | 438,079 | 457,878 | -4.32% | 10,347,426 |
| JPM | REDUCED | 31,099 | 32,725 | -4.97% | 10,179,636 |
| MGA | REDUCED | 141,976 | 149,263 | -4.88% | 9,322,144 |
| SANM | REDUCED | 36,379 | 38,313 | -5.05% | 9,206,797 |
| HCA | ADDED | 23,005 | 18,055 | 27.42% | 8,969,419 |
| IAG | REDUCED | 558,547 | 580,474 | -3.78% | 8,847,384 |
| LRCX | REDUCED | 19,702 | 20,757 | -5.08% | 8,537,468 |
| BCS | REDUCED | 316,950 | 333,080 | -4.84% | 8,513,277 |
| COR | REDUCED | 29,647 | 31,265 | -5.18% | 8,389,508 |
| DY | REDUCED | 15,719 | 16,742 | -6.11% | 7,947,369 |
| JNJ | REDUCED | 31,085 | 32,730 | -5.03% | 7,894,657 |
| NTCT | REDUCED | 173,744 | 182,878 | -4.99% | 7,566,551 |
| PLXS | REDUCED | 25,054 | 26,422 | -5.18% | 7,532,986 |
| AMGN | REDUCED | 20,512 | 21,598 | -5.03% | 7,427,805 |
| EME | REDUCED | 8,701 | 9,166 | -5.07% | 7,220,786 |
| LAUR | REDUCED | 196,485 | 207,318 | -5.23% | 7,136,335 |
| GVA | REDUCED | 43,371 | 45,579 | -4.84% | 6,856,088 |
| BIIB | REDUCED | 31,489 | 33,143 | -4.99% | 6,803,513 |
| GILD | REDUCED | 53,031 | 56,091 | -5.46% | 6,699,937 |
| ELV | NEW | 17,304 | - | - | 6,691,976 |
| VMI | REDUCED | 11,137 | 11,620 | -4.16% | 6,432,731 |
| MA | REDUCED | 12,303 | 12,330 | -0.22% | 6,318,821 |
| LEA | REDUCED | 45,864 | 48,222 | -4.89% | 6,148,528 |
| MRK | REDUCED | 47,803 | 50,410 | -5.17% | 6,142,686 |
| ALV | REDUCED | 52,689 | 55,412 | -4.91% | 6,120,881 |
| TEL | REDUCED | 30,305 | 40,987 | -26.06% | 6,109,791 |
| SLB | REDUCED | 127,482 | 134,524 | -5.23% | 5,926,638 |
| THC | REDUCED | 31,675 | 33,227 | -4.67% | 5,925,759 |
| UTI | REDUCED | 136,531 | 144,056 | -5.22% | 5,839,431 |
| OII | REDUCED | 142,936 | 150,172 | -4.82% | 5,791,767 |
| REGN | REDUCED | 9,265 | 9,780 | -5.27% | 5,777,098 |
| V | REDUCED | 16,544 | 16,576 | -0.19% | 5,676,081 |
| CHRW | REDUCED | 29,954 | 31,285 | -4.25% | 5,641,536 |
| BMY | REDUCED | 97,869 | 103,233 | -5.2% | 5,639,212 |
| BKR | REDUCED | 101,551 | 106,518 | -4.66% | 5,636,081 |
| CVSA | REDUCED | 45,106 | 47,562 | -5.16% | 5,622,914 |
| UTHR | REDUCED | 10,184 | 10,736 | -5.14% | 5,517,997 |
| RNR | NEW | 17,278 | - | - | 5,475,398 |
| TRV | REDUCED | 16,008 | 16,833 | -4.9% | 5,284,561 |
| GSK | REDUCED | 97,182 | 102,505 | -5.19% | 5,094,280 |
| DINO | NEW | 72,580 | - | - | 5,055,197 |
| PFE | NEW | 202,967 | - | - | 4,887,445 |
| PRIM | REDUCED | 48,040 | 50,904 | -5.63% | 4,761,725 |
| HIG | REDUCED | 35,067 | 36,823 | -4.77% | 4,647,079 |
| BHE | REDUCED | 46,811 | 50,065 | -6.5% | 4,618,841 |
| NXPI | NEW | 16,370 | - | - | 4,600,461 |
| ALL | REDUCED | 19,112 | 20,116 | -4.99% | 4,547,509 |
| CRH | REDUCED | 42,361 | 44,686 | -5.2% | 4,532,627 |
| AIZ | REDUCED | 16,846 | 17,723 | -4.95% | 4,523,656 |
| AEM | REDUCED | 29,057 | 30,707 | -5.37% | 4,507,612 |
| CVS | REDUCED | 41,189 | 43,445 | -5.19% | 4,261,002 |
| DGII | REDUCED | 54,570 | 57,257 | -4.69% | 4,090,022 |
| CARG | REDUCED | 116,213 | 116,455 | -0.21% | 3,961,701 |
| HQY | NEW | 41,018 | - | - | 3,704,746 |
| PBF | NEW | 81,188 | - | - | 3,695,678 |
| NOV | REDUCED | 199,217 | 208,123 | -4.28% | 3,695,475 |
| MKL | ADDED | 1,887 | 1,885 | 0.11% | 3,685,330 |
| MCY | NEW | 34,271 | - | - | 3,653,974 |
| EQT | NEW | 68,246 | - | - | 3,628,640 |
| PRDO | REDUCED | 109,873 | 117,983 | -6.87% | 3,515,936 |
| CRUS | ADDED | 22,703 | 1,760 | 1189.94% | 3,372,077 |
| OVV | NEW | 63,767 | - | - | 3,357,333 |
| AR | NEW | 93,622 | - | - | 3,289,877 |
| HAL | REDUCED | 96,521 | 96,735 | -0.22% | 3,276,888 |
| HBM | REDUCED | 135,859 | 141,717 | -4.13% | 3,207,631 |
| WFRD | REDUCED | 38,864 | 40,665 | -4.43% | 3,167,416 |
| PAYC | NEW | 24,618 | - | - | 3,093,990 |
| APA | NEW | 93,604 | - | - | 3,048,682 |
| GXO | REDUCED | 59,987 | 62,708 | -4.34% | 3,041,341 |
| EHC | REDUCED | 29,964 | 31,556 | -5.04% | 3,028,761 |
| THG | REDUCED | 13,633 | 14,316 | -4.77% | 2,919,098 |
| FDXF | NEW | 18,414 | - | - | 2,780,514 |
| CTS | REDUCED | 42,232 | 45,072 | -6.3% | 2,753,104 |
| PAAS | REDUCED | 60,006 | 63,620 | -5.68% | 2,687,669 |
| CRK | NEW | 173,475 | - | - | 2,588,247 |
| EQX | REDUCED | 265,894 | 282,460 | -5.86% | 2,584,490 |
| AA | REDUCED | 44,374 | 44,476 | -0.23% | 2,313,660 |
| AVGO | REDUCED | 3,600 | 4,616 | -22.01% | 1,359,900 |
| GS | REDUCED | 1,089 | 18,317 | -94.05% | 1,101,382 |
| VGNT | NEW | 25,991 | - | - | 1,091,896 |
| ACMR | UNCHANGED | 8,120 | 8,120 | 0.0% | 1,030,347 |
| MRVL | UNCHANGED | 3,435 | 3,435 | 0.0% | 1,023,252 |
| VIAV | UNCHANGED | 21,371 | 21,371 | 0.0% | 1,020,465 |
| SPY | NEW | 1,364 | - | - | 1,018,594 |
| QLYS | NEW | 7,057 | - | - | 970,267 |
| EG | NEW | 2,658 | - | - | 949,517 |
| AMKR | UNCHANGED | 10,782 | 10,782 | 0.0% | 929,732 |
| SAN | ADDED | 67,213 | 66,999 | 0.32% | 927,539 |
| MS | REDUCED | 4,303 | 71,004 | -93.94% | 899,499 |
| XOM | NEW | 6,577 | - | - | 899,207 |
| AROC | REDUCED | 21,467 | 27,109 | -20.81% | 873,922 |
| MU | UNCHANGED | 740 | 740 | 0.0% | 854,175 |
| APTV | REDUCED | 13,692 | 82,223 | -83.35% | 840,415 |
| DAL | REDUCED | 8,753 | 64,885 | -86.51% | 819,806 |
| UHS | REDUCED | 5,442 | 21,234 | -74.37% | 809,171 |
| ADI | NEW | 1,900 | - | - | 754,623 |
| SHEL | REDUCED | 9,348 | 11,991 | -22.04% | 724,844 |
| EXE | NEW | 7,944 | - | - | 724,413 |
| GFS | NEW | 8,105 | - | - | 667,933 |
| GM | UNCHANGED | 8,203 | 8,203 | 0.0% | 632,287 |
| NTGR | REDUCED | 26,563 | 34,565 | -23.15% | 620,246 |
| IBKR | UNCHANGED | 6,904 | 6,904 | 0.0% | 600,924 |
| UBS | UNCHANGED | 11,983 | 11,983 | 0.0% | 593,877 |
| GHC | REDUCED | 503 | 609 | -17.41% | 574,134 |
| HUBG | REDUCED | 13,100 | 75,869 | -82.73% | 573,649 |
| CNX | NEW | 16,573 | - | - | 562,322 |
| SU | UNCHANGED | 9,411 | 9,411 | 0.0% | 505,182 |
| URBN | REDUCED | 6,992 | 40,328 | -82.66% | 495,453 |
| AXS | UNCHANGED | 4,482 | 4,482 | 0.0% | 481,546 |
| TMUS | UNCHANGED | 2,761 | 2,761 | 0.0% | 463,103 |
| CPA | UNCHANGED | 2,939 | 2,939 | 0.0% | 457,220 |
| TTE | UNCHANGED | 5,832 | 5,832 | 0.0% | 453,496 |
| FITB | UNCHANGED | 7,958 | 7,958 | 0.0% | 448,592 |
| L | UNCHANGED | 3,887 | 3,887 | 0.0% | 440,047 |
| CVE | ADDED | 17,624 | 17,536 | 0.5% | 437,251 |
| TIMB | UNCHANGED | 20,317 | 20,317 | 0.0% | 435,190 |
| SNX | ADDED | 1,547 | 1,536 | 0.72% | 413,575 |
| CVX | UNCHANGED | 2,495 | 2,495 | 0.0% | 413,571 |
| RJF | UNCHANGED | 2,642 | 2,642 | 0.0% | 401,663 |
| GAP | REDUCED | 21,134 | 121,892 | -82.66% | 394,783 |
| PLAB | ADDED | 10,706 | 10,666 | 0.38% | 348,266 |
| MTB | UNCHANGED | 1,437 | 1,437 | 0.0% | 342,020 |
| MDU | UNCHANGED | 15,503 | 15,503 | 0.0% | 328,819 |
| INVX | UNCHANGED | 12,528 | 12,528 | 0.0% | 310,694 |
| EQNR | UNCHANGED | 9,504 | 9,504 | 0.0% | 298,426 |
| NJR | UNCHANGED | 5,178 | 5,178 | 0.0% | 290,175 |
| BNS | UNCHANGED | 3,300 | 3,300 | 0.0% | 286,572 |
| CB | ADDED | 804 | 796 | 1.01% | 273,955 |
| SWKS | UNCHANGED | 3,867 | 3,867 | 0.0% | 262,183 |
| BDC | UNCHANGED | 1,945 | 1,945 | 0.0% | 233,225 |
| MTCH | NEW | 5,611 | - | - | 213,499 |
| SNY | CLOSED OUT | 0 | 96,085 | -100.0% | 0 |
| CNXC | CLOSED OUT | 0 | 66,034 | -100.0% | 0 |
| SNEX | CLOSED OUT | 0 | 47,107 | -100.0% | 0 |
| MMS | CLOSED OUT | 0 | 44,280 | -100.0% | 0 |
| VC | CLOSED OUT | 0 | 40,842 | -100.0% | 0 |
| ACM | CLOSED OUT | 0 | 28,389 | -100.0% | 0 |
| BR | CLOSED OUT | 0 | 22,615 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | Direxion Daily S&P500 Bear 1X | COM | 25460E869 | 26,317,872 | 2.64 | 3035510.0 | |
| GOOGL | REDUCED | Alphabet Inc. Cl A | COM | 02079K305 | 22,833,441 | 2.29 | 63893.0 |
| FLEX | REDUCED | Flex Ltd. | COM | Y2573F102 | 19,949,358 | 2.0 | 123091.0 |
| MSFT | REDUCED | Microsoft Corp. | COM | 594918104 | 17,397,653 | 1.75 | 46640.0 |
| CSCO | REDUCED | Cisco Systems Inc. | COM | 17275R102 | 16,900,732 | 1.7 | 143885.0 |
| JBL | REDUCED | Jabil Inc. | COM | 466313103 | 15,599,990 | 1.57 | 40469.0 |
| CAH | REDUCED | Cardinal Health Inc. | COM | 14149Y108 | 14,508,977 | 1.46 | 61075.0 |
| NVDA | ADDED | NVIDIA Corp. | COM | 67066G104 | 13,719,771 | 1.38 | 68568.0 |
| DELL | REDUCED | Dell Technologies Inc. Class C | COM | 24703L202 | 13,039,584 | 1.31 | 30222.0 |
| - | Technology Select Sector SPDR | COM | 81369Y803 | 12,689,775 | 1.28 | 66606.0 | |
| - | iShares 1-3 Year Treasury Bond | COM | 464287457 | 12,307,222 | 1.24 | 149887.0 | |
| GTX | REDUCED | Garrett Motion Inc | COM | 366505105 | 11,684,827 | 1.17 | 322518.0 |
| MCK | REDUCED | McKesson Corp. | COM | 58155Q103 | 11,601,482 | 1.17 | 15354.0 |
| FDX | REDUCED | FedEx Corp. | COM | 31428X106 | 11,540,406 | 1.16 | 36855.0 |
| - | SPDR Bloomberg Barclays Intern | COM | 78464A516 | 11,518,476 | 1.16 | 531295.0 | |
| - | ProShares Short Russell2000 | COM | 74348A210 | 11,486,946 | 1.15 | 864330.0 | |
| - | SPDR Intermediate Term Corpora | COM | 78464A375 | 11,298,371 | 1.14 | 337668.0 | |
| C | REDUCED | Citigroup Inc. | COM | 172967424 | 11,280,776 | 1.13 | 80600.0 |
| UPS | REDUCED | United Parcel Service Inc. Cl | COM | 911312106 | 11,162,155 | 1.12 | 103834.0 |
| AMD | ADDED | Advanced Micro Devices Inc. | COM | 007903107 | 10,772,976 | 1.08 | 18545.0 |
| META | REDUCED | Meta Platforms Inc. Class A | COM | 30303M102 | 10,759,402 | 1.08 | 19101.0 |
| - | Vanguard Short-Term Inflation- | COM | 922020805 | 10,546,894 | 1.06 | 209972.0 | |
| KGC | REDUCED | Kinross Gold Corporation | COM | 496902404 | 10,347,426 | 1.04 | 438079.0 |
| JPM | REDUCED | JPMorgan Chase & Co. | COM | 46625H100 | 10,179,636 | 1.02 | 31099.0 |
| - | iShares International Treasury | COM | 464288117 | 10,129,938 | 1.02 | 246891.0 | |
| - | iShares S&P 500 Fund | COM | 464287200 | 9,762,530 | 0.98 | 13036.0 | |
| - | Canadian Imperial Bank of Comm | COM | 136069101 | 9,584,330 | 0.96 | 83342.0 | |
| MGA | REDUCED | Magna International Inc. | COM | 559222401 | 9,322,144 | 0.94 | 141976.0 |
| SANM | REDUCED | Sanmina Corporation | COM | 801056102 | 9,206,797 | 0.93 | 36379.0 |
| HCA | ADDED | HCA Healthcare Inc | COM | 40412C101 | 8,969,419 | 0.9 | 23005.0 |
| - | Bank of America Corp. | COM | 060505104 | 8,916,230 | 0.9 | 156480.0 | |
| IAG | REDUCED | Iamgold Corporation | COM | 450913108 | 8,847,384 | 0.89 | 558547.0 |
| - | Telefonaktiebolaget LM Ericsso | COM | 294821608 | 8,558,874 | 0.86 | 767612.0 | |
| LRCX | REDUCED | Lam Research Corp. | COM | 512807306 | 8,537,468 | 0.86 | 19702.0 |
| BCS | REDUCED | Barclays PLC ADR | COM | 06738E204 | 8,513,277 | 0.86 | 316950.0 |
| - | Devon Energy Corp. | COM | 25179M103 | 8,436,536 | 0.85 | 204176.0 | |
| - | F5 Networks Inc. | COM | 315616102 | 8,422,774 | 0.85 | 20249.0 | |
| COR | REDUCED | Cencora Inc. | COM | 03073E105 | 8,389,508 | 0.84 | 29647.0 |
| DY | REDUCED | Dycom Industries Inc | COM | 267475101 | 7,947,369 | 0.8 | 15719.0 |
| JNJ | REDUCED | Johnson & Johnson | COM | 478160104 | 7,894,657 | 0.79 | 31085.0 |
| - | Vertex Pharmaceuticals Inc. | COM | 92532F100 | 7,768,857 | 0.78 | 15640.0 | |
| - | iShares MBS ETF | COM | 464288588 | 7,623,794 | 0.77 | 80658.0 | |
| - | iShares 5-10yr Investment Grad | COM | 464288638 | 7,579,490 | 0.76 | 142552.0 | |
| NTCT | REDUCED | NetScout Systems, Inc. | COM | 64115T104 | 7,566,551 | 0.76 | 173744.0 |
| PLXS | REDUCED | Plexus Corp. | COM | 729132100 | 7,532,986 | 0.76 | 25054.0 |
| AMGN | REDUCED | Amgen Inc. | COM | 031162100 | 7,427,805 | 0.75 | 20512.0 |
| - | iShares TIPS Bond ETF | COM | 464287176 | 7,239,123 | 0.73 | 66153.0 | |
| EME | REDUCED | Emcor Group Inc | COM | 29084Q100 | 7,220,786 | 0.73 | 8701.0 |
| LAUR | REDUCED | Laureate Education Inc | COM | 518613203 | 7,136,335 | 0.72 | 196485.0 |
| - | iShares 7-10 Year Treasury Bon | COM | 464287440 | 7,065,136 | 0.71 | 74708.0 | |
| GVA | REDUCED | Granite Construction Inc. | COM | 387328107 | 6,856,088 | 0.69 | 43371.0 |
| BIIB | REDUCED | Biogen Inc. | COM | 09062X103 | 6,803,513 | 0.68 | 31489.0 |
| GILD | REDUCED | Gilead Sciences Inc. | COM | 375558103 | 6,699,937 | 0.67 | 53031.0 |
| ELV | NEW | Elevance Health Inc. | COM | 036752103 | 6,691,976 | 0.67 | 17304.0 |
| - | iShares 0-5 Year TIPS Bond ETF | COM | 46429B747 | 6,546,106 | 0.66 | 64077.0 | |
| VMI | REDUCED | Valmont Industries Inc. | COM | 920253101 | 6,432,731 | 0.65 | 11137.0 |
| - | iShares Core MSCI EAFE ETF | COM | 46432F842 | 6,420,445 | 0.65 | 66478.0 | |
| MA | REDUCED | Mastercard Inc. Cl A | COM | 57636Q104 | 6,318,821 | 0.63 | 12303.0 |
| LEA | REDUCED | Lear Corp. | COM | 521865204 | 6,148,528 | 0.62 | 45864.0 |
| MRK | REDUCED | Merck & Co. Inc. | COM | 58933Y105 | 6,142,686 | 0.62 | 47803.0 |
| ALV | REDUCED | Autoliv Inc. | COM | 052800109 | 6,120,881 | 0.62 | 52689.0 |
| TEL | REDUCED | TE Connectivity Ltd. | COM | G87052109 | 6,109,791 | 0.61 | 30305.0 |
| SLB | REDUCED | SLB Limited | COM | 806857108 | 5,926,638 | 0.6 | 127482.0 |
| THC | REDUCED | Tenet Healthcare Corporation | COM | 88033G407 | 5,925,759 | 0.6 | 31675.0 |
| UTI | REDUCED | Universal Technical Institute | COM | 913915104 | 5,839,431 | 0.59 | 136531.0 |
| OII | REDUCED | Oceaneering International, Inc | COM | 675232102 | 5,791,767 | 0.58 | 142936.0 |
| REGN | REDUCED | Regeneron Pharmaceuticals Inc. | COM | 75886F107 | 5,777,098 | 0.58 | 9265.0 |
| - | PNC Financial Services Group I | COM | 693475105 | 5,758,101 | 0.58 | 23386.0 | |
| V | REDUCED | Visa Inc. | COM | 92826C839 | 5,676,081 | 0.57 | 16544.0 |
| CHRW | REDUCED | C.H. Robinson Worldwide | COM | 12541W209 | 5,641,536 | 0.57 | 29954.0 |
| BMY | REDUCED | Bristol-Myers Squibb Co. | COM | 110122108 | 5,639,212 | 0.57 | 97869.0 |
| BKR | REDUCED | Baker Hughes Company Class A | COM | 05722G100 | 5,636,081 | 0.57 | 101551.0 |
| CVSA | REDUCED | Covista Inc. | COM | 00737L103 | 5,622,914 | 0.57 | 45106.0 |
| - | U.S. Bancorp | COM | 902973304 | 5,566,162 | 0.56 | 92155.0 | |
| UTHR | REDUCED | United Therapeutics Corp. | COM | 91307C102 | 5,517,997 | 0.55 | 10184.0 |
| - | Vanguard Mortgage-Backed Secur | COM | 92206C771 | 5,517,401 | 0.55 | 117868.0 | |
| RNR | NEW | RenaissanceRe Holdings Ltd. | COM | G7496G103 | 5,475,398 | 0.55 | 17278.0 |
| TRV | REDUCED | Travelers Companies, Inc. | COM | 89417E109 | 5,284,561 | 0.53 | 16008.0 |
| - | Expeditors International of Wa | COM | 302130109 | 5,191,239 | 0.52 | 31852.0 | |
| - | Eldorado Gold Corp. | COM | 284902509 | 5,169,241 | 0.52 | 166267.0 | |
| GSK | REDUCED | GSK plc Sponsored ADR | COM | 37733W204 | 5,094,280 | 0.51 | 97182.0 |
| DINO | NEW | HF Sinclair Corporation | COM | 403949100 | 5,055,197 | 0.51 | 72580.0 |
| PFE | NEW | Pfizer Inc. | COM | 717081103 | 4,887,445 | 0.49 | 202967.0 |
| - | Vanguard Russell 1000 Value ET | COM | 92206C714 | 4,808,827 | 0.48 | 45234.0 | |
| PRIM | REDUCED | Primoris Services Corporation | COM | 74164F103 | 4,761,725 | 0.48 | 48040.0 |
| - | Rio Tinto PLC ADS | COM | 767204100 | 4,740,994 | 0.48 | 49942.0 | |
| HIG | REDUCED | Hartford Insurance Group Inc. | COM | 416515104 | 4,647,079 | 0.47 | 35067.0 |
| BHE | REDUCED | Benchmark Electronics Inc. | COM | 08160H101 | 4,618,841 | 0.46 | 46811.0 |
| NXPI | NEW | NXP Semiconductors N.V. | COM | N6596X109 | 4,600,461 | 0.46 | 16370.0 |
| - | Financial Select Sector SPDR F | COM | 81369Y605 | 4,568,805 | 0.46 | 85223.0 | |
| ALL | REDUCED | Allstate Corp. | COM | 020002101 | 4,547,509 | 0.46 | 19112.0 |
| CRH | REDUCED | CRH public limited company | COM | G25508105 | 4,532,627 | 0.46 | 42361.0 |
| AIZ | REDUCED | Assurant Inc. | COM | 04621X108 | 4,523,656 | 0.45 | 16846.0 |
| AEM | REDUCED | Agnico-Eagle Mines Ltd. | COM | 008474108 | 4,507,612 | 0.45 | 29057.0 |
| - | Tenaris S.A. | COM | 88031M109 | 4,459,565 | 0.45 | 80367.0 | |
| - | SPDR FTSE International Govern | COM | 78464A490 | 4,338,533 | 0.44 | 110143.0 | |
| CVS | REDUCED | CVS Health Corp. | COM | 126650100 | 4,261,002 | 0.43 | 41189.0 |
| - | iShares Core Total U.S. Bond M | COM | 464287226 | 4,231,890 | 0.43 | 42755.0 | |
| - | Leuthold Select Industries ET | COM | 56167R705 | 4,171,634 | 0.42 | 89271.0 | |
| DGII | REDUCED | Digi International Inc. | COM | 253798102 | 4,090,022 | 0.41 | 54570.0 |
| CARG | REDUCED | CarGurus, Inc. Class A | COM | 141788109 | 3,961,701 | 0.4 | 116213.0 |
| HQY | NEW | HealthEquity Inc | COM | 42226A107 | 3,704,746 | 0.37 | 41018.0 |
| PBF | NEW | PBF Energy, Inc. Class A | COM | 69318G106 | 3,695,678 | 0.37 | 81188.0 |
| NOV | REDUCED | NOV Inc. | COM | 62955J103 | 3,695,475 | 0.37 | 199217.0 |
| MKL | ADDED | Markel Group Inc. | COM | 570535104 | 3,685,330 | 0.37 | 1887.0 |
| - | Invesco CurrencyShares Euro Tr | COM | 46138K103 | 3,684,917 | 0.37 | 34948.0 | |
| MCY | NEW | Mercury General Corp | COM | 589400100 | 3,653,974 | 0.37 | 34271.0 |
| EQT | NEW | EQT Corp. | COM | 26884L109 | 3,628,640 | 0.36 | 68246.0 |
| - | Reinsurance Group of America I | COM | 759351604 | 3,542,324 | 0.36 | 16658.0 | |
| PRDO | REDUCED | Perdoceo Education Corporation | COM | 71363P106 | 3,515,936 | 0.35 | 109873.0 |
| CRUS | ADDED | Cirrus Logic Inc. | COM | 172755100 | 3,372,077 | 0.34 | 22703.0 |
| OVV | NEW | Ovintiv, Inc. | COM | 69047Q102 | 3,357,333 | 0.34 | 63767.0 |
| - | Health Care Select Sector SPDR | COM | 81369Y209 | 3,305,522 | 0.33 | 20834.0 | |
| AR | NEW | Antero Resources Corporation | COM | 03674X106 | 3,289,877 | 0.33 | 93622.0 |
| HAL | REDUCED | Halliburton Co. | COM | 406216101 | 3,276,888 | 0.33 | 96521.0 |
| HBM | REDUCED | HudBay Minerals Inc. | COM | 443628102 | 3,207,631 | 0.32 | 135859.0 |
| WFRD | REDUCED | Weatherford International plc | COM | G48833118 | 3,167,416 | 0.32 | 38864.0 |
| PAYC | NEW | Paycom Software, Inc. | COM | 70432V102 | 3,093,990 | 0.31 | 24618.0 |
| APA | NEW | APA Corp. | COM | 03743Q108 | 3,048,682 | 0.31 | 93604.0 |
| - | iShares MSCI Emerging Markets | COM | 46434G764 | 3,042,709 | 0.31 | 29743.0 | |
| GXO | REDUCED | GXO Logistics Inc | COM | 36262G101 | 3,041,341 | 0.31 | 59987.0 |
| EHC | REDUCED | Encompass Health Corporation | COM | 29261A100 | 3,028,761 | 0.3 | 29964.0 |
| - | ProShares Short QQQ | COM | 74349Y837 | 3,022,963 | 0.3 | 120629.0 | |
| - | Invesco S&P 500 Equal Weight C | COM | 46137V381 | 2,990,166 | 0.3 | 53392.0 | |
| THG | REDUCED | Hanover Insurance Group Inc. | COM | 410867105 | 2,919,098 | 0.29 | 13633.0 |
| FDXF | NEW | FedEx Freight Holding Company, | COM | 314352105 | 2,780,514 | 0.28 | 18414.0 |
| CTS | REDUCED | CTS Corp | COM | 126501105 | 2,753,104 | 0.28 | 42232.0 |
| PAAS | REDUCED | Pan American Silver Corp. | COM | 697900108 | 2,687,669 | 0.27 | 60006.0 |
| CRK | NEW | Comstock Resources Inc. | COM | 205768302 | 2,588,247 | 0.26 | 173475.0 |
| EQX | REDUCED | Equinox Gold Corp. | COM | 29446Y502 | 2,584,490 | 0.26 | 265894.0 |
| - | iShares NASDAQ Biotechnology I | COM | 464287556 | 2,399,057 | 0.24 | 12614.0 | |
| AA | REDUCED | Alcoa Inc. | COM | 013872106 | 2,313,660 | 0.23 | 44374.0 |
| - | iShares 1-3 Year International | COM | 464288125 | 2,301,743 | 0.23 | 31002.0 | |
| - | White Mountains Insurance Grou | COM | G9618E107 | 2,289,023 | 0.23 | 1104.0 | |
| - | iShares U.S. Healthcare Provid | COM | 464288828 | 2,116,096 | 0.21 | 38245.0 | |
| - | Communication Services Select | COM | 81369Y852 | 2,074,144 | 0.21 | 19361.0 | |
| - | Kensington Credit Opportunitie | COM | 56167R820 | 2,005,031 | 0.2 | 81373.0 | |
| - | VanEck Gold Miners ETF | COM | 92189F106 | 1,911,073 | 0.19 | 25329.0 | |
| - | Invesco CurrencyShares Japanes | COM | 46138W107 | 1,784,125 | 0.18 | 31611.0 | |
| - | Applied Materials Inc. | COM | 038222105 | 1,711,341 | 0.17 | 2367.0 | |
| - | VanEck Oil Services ETF | COM | 92189H607 | 1,519,371 | 0.15 | 4084.0 | |
| - | Energy Select Sector SPDR Fund | COM | 81369Y506 | 1,432,324 | 0.14 | 26969.0 | |
| AVGO | REDUCED | Broadcom Inc. | COM | 11135F101 | 1,359,900 | 0.14 | 3600.0 |
| - | International Business Machine | COM | 459200101 | 1,348,683 | 0.14 | 4796.0 | |
| - | iShares US Transportation ETF | COM | 464287192 | 1,265,422 | 0.13 | 14587.0 | |
| - | Invesco Building & Constructio | COM | 46137V779 | 1,255,408 | 0.13 | 11203.0 | |
| - | iShares U.S. Insurance ETF | COM | 464288786 | 1,187,170 | 0.12 | 8446.0 | |
| - | MKS Instruments Inc. | COM | 55306N104 | 1,130,682 | 0.11 | 2542.0 | |
| GS | REDUCED | Goldman Sachs Group Inc. | COM | 38141G104 | 1,101,382 | 0.11 | 1089.0 |
| VGNT | NEW | Versigent PLC | COM | G9600F104 | 1,091,896 | 0.11 | 25991.0 |
| - | QUALCOMM Inc. | COM | 747525103 | 1,031,128 | 0.1 | 5580.0 | |
| ACMR | UNCHANGED | ACM Research, Inc. Class A | COM | 00108J109 | 1,030,347 | 0.1 | 8120.0 |
| - | ASML Holding N.V. | COM | N07059210 | 1,028,540 | 0.1 | 517.0 | |
| MRVL | UNCHANGED | Marvell Technology Inc. | COM | 573874104 | 1,023,252 | 0.1 | 3435.0 |
| VIAV | UNCHANGED | Viavi Solutions Inc. | COM | 925550105 | 1,020,465 | 0.1 | 21371.0 |
| SPY | NEW | SPDR S&P 500 ETF | COM | 78462F103 | 1,018,594 | 0.1 | 1364.0 |
| QLYS | NEW | Qualys, Inc. | COM | 74758T303 | 970,267 | 0.1 | 7057.0 |
| EG | NEW | Everest Group Ltd. | COM | G3223R108 | 949,517 | 0.1 | 2658.0 |
| - | Industrial Select Sector SPDR | COM | 81369Y704 | 942,635 | 0.09 | 5089.0 | |
| AMKR | UNCHANGED | Amkor Technology Inc. | COM | 031652100 | 929,732 | 0.09 | 10782.0 |
| SAN | ADDED | Banco Santander S.A. ADR | COM | 05964H105 | 927,539 | 0.09 | 67213.0 |
| MS | REDUCED | Morgan Stanley | COM | 617446448 | 899,499 | 0.09 | 4303.0 |
| XOM | NEW | ExxonMobil Holdings Corp. | COM | 30233Q108 | 899,207 | 0.09 | 6577.0 |
| AROC | REDUCED | Archrock Inc. | COM | 03957W106 | 873,922 | 0.09 | 21467.0 |
| MU | UNCHANGED | Micron Technology Inc. | COM | 595112103 | 854,175 | 0.09 | 740.0 |
| APTV | REDUCED | Aptiv PLC | COM | G3265R107 | 840,415 | 0.08 | 13692.0 |
| DAL | REDUCED | Delta Air Lines Inc. | COM | 247361702 | 819,806 | 0.08 | 8753.0 |
| UHS | REDUCED | Universal Health Services Inc. | COM | 913903100 | 809,171 | 0.08 | 5442.0 |
| - | VanEck Vectors Pharmaceutical | COM | 92189F692 | 776,057 | 0.08 | 7097.0 | |
| - | Mizuho Financial Group Inc. AD | COM | 60687Y109 | 764,245 | 0.08 | 79775.0 | |
| ADI | NEW | Analog Devices Inc. | COM | 032654105 | 754,623 | 0.08 | 1900.0 |
| - | Vanguard Short-Term Corporate | COM | 92206C409 | 742,487 | 0.07 | 9395.0 | |
| - | Pearson Plc Sp Adr | COM | 705015105 | 734,468 | 0.07 | 46222.0 | |
| - | Aberdeen Standard Bloomberg Al | COM | 003261104 | 733,668 | 0.07 | 32841.0 | |
| - | SPDR S&P Retail ETF | COM | 78464A714 | 729,909 | 0.07 | 8319.0 | |
| SHEL | REDUCED | Shell PLC Sponsored ADR | COM | 780259305 | 724,844 | 0.07 | 9348.0 |
| EXE | NEW | Expand Energy Corporation | COM | 165167735 | 724,413 | 0.07 | 7944.0 |
| - | State Street SPDR S&P Oil & Ga | COM | 78468R556 | 699,878 | 0.07 | 4537.0 | |
| - | Deutsche Bank AG | COM | D18190898 | 687,489 | 0.07 | 20364.0 | |
| - | iShares MSCI Global Metals & M | COM | 46434G848 | 685,414 | 0.07 | 11787.0 | |
| GFS | NEW | GlobalFoundries Inc. | COM | G39387108 | 667,933 | 0.07 | 8105.0 |
| - | National HealthCare Corporatio | COM | 635906100 | 647,396 | 0.07 | 3063.0 | |
| - | Invesco KBW Bank ETF | COM | 46138E628 | 643,887 | 0.06 | 6925.0 | |
| GM | UNCHANGED | General Motors Co. | COM | 37045V100 | 632,287 | 0.06 | 8203.0 |
| NTGR | REDUCED | Netgear Inc | COM | 64111Q104 | 620,246 | 0.06 | 26563.0 |
| - | Vanguard Short-Term Treasury E | COM | 92206C102 | 618,666 | 0.06 | 10630.0 | |
| - | Vodafone Group PLC ADS | COM | 92857W308 | 601,447 | 0.06 | 45478.0 | |
| IBKR | UNCHANGED | Interactive Brokers Group Inc. | COM | 45841N107 | 600,924 | 0.06 | 6904.0 |
| UBS | UNCHANGED | UBS Group AG (new) | COM | H42097107 | 593,877 | 0.06 | 11983.0 |
| GHC | REDUCED | Graham Holdings Co. | COM | 384637104 | 574,134 | 0.06 | 503.0 |
| - | SPDR Barclays International Co | COM | 78464A151 | 574,117 | 0.06 | 18413.0 | |
| HUBG | REDUCED | Hub Group Inc (Cl A) | COM | 443320106 | 573,649 | 0.06 | 13100.0 |
| - | America Movil S.A.B. de C.V. A | COM | 02390A101 | 568,947 | 0.06 | 21891.0 | |
| CNX | NEW | CNX Resources Corporation | COM | 12653C108 | 562,322 | 0.06 | 16573.0 |
| - | Diodes Inc. | COM | 254543101 | 523,014 | 0.05 | 4779.0 | |
| SU | UNCHANGED | Suncor Energy Inc. | COM | 867224107 | 505,182 | 0.05 | 9411.0 |
| - | Select Medical Holdings Corpor | COM | 81619Q105 | 501,194 | 0.05 | 30357.0 | |
| URBN | REDUCED | Urban Outfitters Inc | COM | 917047102 | 495,453 | 0.05 | 6992.0 |
| - | iShares PHLX Semiconductor ETF | COM | 464287523 | 483,133 | 0.05 | 754.0 | |
| AXS | UNCHANGED | Axis Capital Holdings Ltd | COM | G0692U109 | 481,546 | 0.05 | 4482.0 |
| - | Old Republic International Cor | COM | 680223104 | 469,598 | 0.05 | 11476.0 | |
| TMUS | UNCHANGED | T-Mobile US Inc | COM | 872590104 | 463,103 | 0.05 | 2761.0 |
| CPA | UNCHANGED | Copa Holdings S.A. Cl A | COM | P31076105 | 457,220 | 0.05 | 2939.0 |
| TTE | UNCHANGED | TotalEnergies SE Sponsored ADR | COM | F92124100 | 453,496 | 0.05 | 5832.0 |
| FITB | UNCHANGED | Fifth Third Bancorp | COM | 316773100 | 448,592 | 0.05 | 7958.0 |
| L | UNCHANGED | Loews Corp. | COM | 540424108 | 440,047 | 0.04 | 3887.0 |
| CVE | ADDED | Cenovus Energy Inc. | COM | 15135U109 | 437,251 | 0.04 | 17624.0 |
| TIMB | UNCHANGED | TIM S.A. Sponsored ADR | COM | 88706T108 | 435,190 | 0.04 | 20317.0 |
| SNX | ADDED | TD SYNNEX Corporation | COM | 87162W100 | 413,575 | 0.04 | 1547.0 |
| CVX | UNCHANGED | Chevron Corp. | COM | 166764100 | 413,571 | 0.04 | 2495.0 |
| RJF | UNCHANGED | Raymond James Financial Inc | COM | 754730109 | 401,663 | 0.04 | 2642.0 |
| GAP | REDUCED | Gap Inc. | COM | 364760108 | 394,783 | 0.04 | 21134.0 |
| - | Ecopetrol SA Sponsored ADR | COM | 279158109 | 365,569 | 0.04 | 25672.0 | |
| - | Wells Fargo & Co. | COM | 949746101 | 360,972 | 0.04 | 4368.0 | |
| PLAB | ADDED | Photronics Inc. | COM | 719405102 | 348,266 | 0.03 | 10706.0 |
| MTB | UNCHANGED | M&T Bank Corp. | COM | 55261F104 | 342,020 | 0.03 | 1437.0 |
| - | Grupo Aeroportuario del Surest | COM | 40051E202 | 333,383 | 0.03 | 1087.0 | |
| MDU | UNCHANGED | MDU Resources Group, Inc. | COM | 552690109 | 328,819 | 0.03 | 15503.0 |
| - | UGI Corp. | COM | 902681105 | 322,465 | 0.03 | 9336.0 | |
| - | Old National Bancorp | COM | 680033107 | 312,691 | 0.03 | 12073.0 | |
| INVX | UNCHANGED | Innovex International, Inc. | COM | 457651107 | 310,694 | 0.03 | 12528.0 |
| - | Schwab Fundamental Internation | COM | 808524755 | 309,174 | 0.03 | 5860.0 | |
| EQNR | UNCHANGED | Equinor ASA Sponsored ADR | COM | 29446M102 | 298,426 | 0.03 | 9504.0 |
| NJR | UNCHANGED | New Jersey Resources Corp. | COM | 646025106 | 290,175 | 0.03 | 5178.0 |
| - | Materials Select Sector SPDR F | COM | 81369Y100 | 288,714 | 0.03 | 5680.0 | |
| BNS | UNCHANGED | Bank of Nova Scotia | COM | 064149107 | 286,572 | 0.03 | 3300.0 |
| - | FlexShares Disciplined Duratio | COM | 33939L779 | 278,118 | 0.03 | 13487.0 | |
| - | iShares Edge MSCI USA Quality | COM | 46432F339 | 275,385 | 0.03 | 1255.0 | |
| CB | ADDED | Chubb Limited | COM | H1467J104 | 273,955 | 0.03 | 804.0 |
| SWKS | UNCHANGED | Skyworks Solutions Inc | COM | 83088M102 | 262,183 | 0.03 | 3867.0 |
| - | iShares Core Dividend Growth E | COM | 46434V621 | 253,214 | 0.03 | 3341.0 | |
| - | iShares S&P Small Cap 600 Inde | COM | 464287804 | 239,966 | 0.02 | 1618.0 | |
| BDC | UNCHANGED | Belden Inc. | COM | 077454106 | 233,225 | 0.02 | 1945.0 |
| - | iShares MSCI ACWI ETF | COM | 464288257 | 228,391 | 0.02 | 1455.0 | |
| - | iShares Aaa-A Rated Corporate | COM | 46429B291 | 225,102 | 0.02 | 4737.0 | |
| MTCH | NEW | Match Group, Inc. | COM | 57667L107 | 213,499 | 0.02 | 5611.0 |
| - | Invesco Optimum Yield Diversified Comm | COM | 46090F100 | 195,181 | 0.02 | 12291.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-04 | 995,164,108 | 237 | 9.822334 | 0.4376 | 17.997085 |
| 2026-03-31 | 2026-05-06 | 938,748,734 | 211 | 9.328461 | 0.409165 | 17.877347 |
| 2025-12-31 | 2026-02-05 | 926,026,917 | 207 | 8.91792 | 0.394513 | 17.175711 |
| 2025-09-30 | 2025-11-06 | 913,977,024 | 205 | 9.304991 | 0.425452 | 17.704362 |
| 2025-03-31 | 2025-05-13 | 770,116,163 | 201 | 9.138626 | 0.422595 | 18.048127 |
| 2024-12-31 | 2025-02-03 | 832,616,067 | 191 | 10.418337 | 0.474532 | 21.192017 |