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Portfolio (Quarterly) Guide ↗

LEUTHOLD GROUP, LLC

· CIK 0001170152
13F Portfolio $939M AUM 211 positions Filed May 6, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 22 New 93 Added 75 Reduced 18 Exited
Page 1 of 4  ·  75 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 GOOGL Alphabet Inc. Cl A Communication Services 66,393.0 $19.1M 2.03% -1K -1.8% $287.56 +38.0%
2 MSFT Microsoft Corp. Technology 48,171.0 $17.8M 1.90% -3K -5.0% $370.17 +14.4%
3 JBL Jabil Inc. Technology 58,946.0 $15.7M 1.67% -3K -5.4% $265.63 +27.5%
4 KGC Kinross Gold Corporation Basic Materials 457,878.0 $14.0M 1.49% -18K -3.9% $30.52 -6.5%
5 FLEX Flex Ltd. Technology 200,422.0 $13.1M 1.40% -5K -2.5% $65.46 +98.2%
6 IAG Iamgold Corporation Basic Materials 580,474.0 $10.9M 1.16% -33K -5.4% $18.82 -9.8%
7 XLK Technology Select Sector SPDR 70,273.0 $9.3M 0.99% -5K -6.1% $132.90 +30.4%
8 IGIB iShares 5-10yr Investment Grad 147,727.0 $7.9M 0.84% -1K -0.7% $53.22 -1.4%
9 MBB iShares MBS ETF 81,447.0 $7.7M 0.82% -516.0 -0.6% $94.95 -2.0%
10 IEF iShares 7-10 Year Treasury Bon 75,440.0 $7.2M 0.77% -2K -2.2% $95.44 -2.4%
11 MA Mastercard Inc. Cl A Financial Services 12,330.0 $6.2M 0.66% -3K -21.1% $499.66 +1.2%
12 XLF Financial Select Sector SPDR F 123,612.0 $6.1M 0.65% -44K -26.3% $49.37 +3.5%
13 IEFA iShares Core MSCI EAFE ETF 66,484.0 $6.0M 0.64% -406.0 -0.6% $90.53 +5.3%
14 V Visa Inc. Financial Services 16,576.0 $5.0M 0.53% -4K -20.6% $302.24 +10.1%
15 FXE Invesco CurrencyShares Euro Tr Financial Services 40,779.0 $4.4M 0.46% -386.0 -0.9% $106.69 +0.4%
16 CARG CarGurus, Inc. Class A Consumer Cyclical 116,455.0 $4.0M 0.42% -13K -10.1% $34.05 -16.6%
17 XLC Communication Services Select 30,879.0 $3.4M 0.36% -4K -12.0% $110.86 +4.5%
18 XLV Health Care Select Sector SPDR 21,371.0 $3.1M 0.33% -2K -9.1% $146.61 +0.5%
19 RSPD Invesco S&P 500 Equal Weight C 56,148.0 $3.0M 0.32% -10K -14.9% $53.53 -3.6%
20 AA Alcoa Inc. Basic Materials 44,476.0 $3.0M 0.31% -5K -9.7% $66.33 -3.6%
Page 1 of 4  ·  75 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 20.9%
Financial Services 20.9%
Healthcare 18.3%
Industrials 11.7%
Basic Materials 8.0%
Consumer Cyclical 6.6%
Energy 6.1%
Communication Services 4.8%
Consumer Defensive 2.5%
Utilities 0.1%