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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 4 of 4  ·  75 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 EQNR Equinor ASA Sponsored ADR Energy 9,504.0 $401K 0.04% -284.0 -2.9% $42.20 -4.0%
62 RJF Raymond James Financial Inc Financial Services 2,642.0 $383K 0.04% -25K -90.4% $144.79 +4.3%
63 EC Ecopetrol SA Sponsored ADR Energy 25,483.0 $382K 0.04% -761.0 -2.9% $14.99 -5.5%
64 ASR Grupo Aeroportuario del Surest Industrials 1,087.0 $365K 0.04% -32.0 -2.9% $336.13 -10.5%
65 UGI UGI Corp. Utilities 9,276.0 $338K 0.04% -277.0 -2.9% $36.42 -3.3%
66 CPA Copa Holdings S.A. Cl A Industrials 2,939.0 $334K 0.04% -88.0 -2.9% $113.61 +11.8%
67 MDU MDU Resources Group, Inc. Industrials 15,503.0 $321K 0.03% -463.0 -2.9% $20.72 +8.0%
68 ACMR ACM Research, Inc. Class A Technology 8,120.0 $320K 0.03% -242.0 -2.9% $39.35 +76.7%
69 INVX Innovex International, Inc. Energy 12,528.0 $306K 0.03% -374.0 -2.9% $24.39 +27.6%
70 MTB M&T Bank Corp. Financial Services 1,437.0 $297K 0.03% -43.0 -2.9% $206.72 -0.6%
71 NJR New Jersey Resources Corp. Utilities 5,178.0 $284K 0.03% -155.0 -2.9% $54.92 +6.2%
72 ONB Old National Bancorp Financial Services 12,073.0 $267K 0.03% -361.0 -2.9% $22.10 +6.1%
73 CB Chubb Limited Financial Services 796.0 $259K 0.03% -24.0 -2.9% $325.93 +0.5%
74 BNS Bank of Nova Scotia Financial Services 3,300.0 $229K 0.02% -99.0 -2.9% $69.31 +12.2%
75 QLTA iShares Aaa-A Rated Corporate 4,653.0 $221K 0.02% -1K -23.6% $47.59 -1.5%
Page 4 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%