LEUTHOLD GROUP, LLC Q3 2025 Filing

Filed November 6, 2025

Portfolio Value

$914.0B

Holdings

205

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (205 positions)

#StockSharesValue% PortfolioType
1
MSFTMicrosoft Corp.
52,037$27.0B2.95%
2
METAMeta Platforms Inc. Class A
30,592$22.5B2.46%
3
BWXSPDR Bloomberg Barclays Intern
838,032$19.3B2.11%
4
ORCLOracle Corp.
67,756$19.1B2.08%
5
NFLXNetflix Inc.
14,948$17.9B1.96%
6
GOOGLAlphabet Inc. Cl A
69,857$17.0B1.86%
7
SPDNDirexion Daily S&P500 Bear 1X
1,738,823$16.7B1.83%
8
KGCKinross Gold Corporation
609,931$15.2B1.66%
9
GSGoldman Sachs Group Inc.
17,953$14.3B1.56%
10
SPIBSPDR Intermediate Term Corpora
420,225$14.2B1.56%
11
JBLJabil Inc.
62,003$13.5B1.47%
12
SHYiShares 1-3 Year Treasury Bond
160,399$13.3B1.46%
13
MCKMcKesson Corp.
15,998$12.4B1.35%
14
URIUnited Rentals Inc.
12,865$12.3B1.34%
15
FLEXFlex Ltd.
204,860$11.9B1.30%
16
PHMPulteGroup Inc.
89,134$11.8B1.29%
17
DWDMorgan Stanley
69,864$11.1B1.22%
18
VTIPVanguard Short-Term Inflation-
213,699$10.8B1.18%
19
IGOViShares International Treasury
252,048$10.7B1.17%
20
IMGIamgold Corporation
822,615$10.6B1.16%
21
XLKTechnology Select Sector SPDR
37,048$10.4B1.14%
22
RWMProShares Short Russell2000
602,105$10.1B1.11%
23
JPMJPMorgan Chase & Co.
31,963$10.1B1.10%
24
DHID.R. Horton Inc.
58,848$10.0B1.09%
25
CAHCardinal Health Inc.
63,182$9.9B1.09%
26
TMUST-Mobile US Inc
40,772$9.8B1.07%
27
ABGCencora Inc.
30,903$9.7B1.06%
28
IVViShares S&P 500 Fund
14,298$9.6B1.05%
29
XLFFinancial Select Sector SPDR F
173,211$9.3B1.02%
30
CSCOCisco Systems Inc.
136,101$9.3B1.02%
31
DBDeutsche Bank AG
260,333$9.2B1.01%
32
MAMastercard Inc. Cl A
15,630$8.9B0.97%
33
TELTE Connectivity Ltd.
40,174$8.8B0.96%
34
XLCCommunication Services Select
72,247$8.6B0.94%
35
TRVCCitigroup Inc.
82,996$8.4B0.92%
36
BACBank of America Corp.
161,751$8.3B0.91%
37
IBNDSPDR Barclays International Co
256,868$8.3B0.91%
38
IGIBiShares 5-10yr Investment Grad
152,802$8.3B0.90%
39
MBBiShares MBS ETF
84,496$8.0B0.88%
40
AEMAgnico-Eagle Mines Ltd.
46,837$7.9B0.86%
41
VMBSVanguard Mortgage-Backed Secur
167,597$7.9B0.86%
42
ATGEAdtalem Global Education Inc.
50,072$7.7B0.85%
43
IEFiShares 7-10 Year Treasury Bon
77,679$7.5B0.82%
44
TOLToll Brothers Inc.
54,057$7.5B0.82%
45
VVisa Inc.
20,768$7.1B0.78%
46
LAURLaureate Education Inc
219,483$6.9B0.76%
47
HCAHCA Healthcare Inc
16,155$6.9B0.75%
48
TAT&T Inc.
243,714$6.9B0.75%
49
CMCanadian Imperial Bank of Comm
86,142$6.9B0.75%
50
BCSBarclays PLC ADR
327,524$6.8B0.74%
51
PRIMPrimoris Services Corporation
48,947$6.7B0.74%
52
FFIVF5 Networks Inc.
20,534$6.6B0.73%
53
AQLTiShares Core MSCI EAFE ETF
74,870$6.5B0.72%
54
CHKPCheck Point Software Technolog
30,725$6.4B0.70%
55
UBERUber Technologies, Inc.
63,508$6.2B0.68%
56
DISWalt Disney Co.
53,754$6.2B0.67%
57
THCTenet Healthcare Corporation
29,872$6.1B0.66%
58
FXYInvesco CurrencyShares Japanes
93,481$5.8B0.64%
59
VRSNVeriSign Inc.
20,427$5.7B0.62%
60
LRNStride, Inc.
38,293$5.7B0.62%
61
EQXEquinox Gold Corp.
502,870$5.6B0.62%
62
MGAMagna International Inc.
116,279$5.5B0.60%
63
FTNTFortinet Inc.
63,901$5.4B0.59%
64
APTVAptiv PLC
61,713$5.3B0.58%
65
ERICTelefonaktiebolaget LM Ericsso
642,557$5.3B0.58%
66
ALVAutoliv Inc.
42,239$5.2B0.57%
67
ELDEldorado Gold Corp.
174,370$5.0B0.55%
68
VRTXVertex Pharmaceuticals Inc.
12,843$5.0B0.55%
69
CARGCarGurus, Inc. Class A
131,359$4.9B0.54%
70
HIGHartford Insurance Group Inc.
36,145$4.8B0.53%
71
PNCPNC Financial Services Group I
23,979$4.8B0.53%
72
AMGNAmgen Inc.
17,006$4.8B0.53%
73
AGGiShares Core Total U.S. Bond M
47,770$4.8B0.52%
74
RJFRaymond James Financial Inc
27,455$4.7B0.52%
75
PAASPan American Silver Corp.
122,339$4.7B0.52%
76
GILDGilead Sciences Inc.
42,636$4.7B0.52%
77
DYDycom Industries Inc
16,070$4.7B0.51%
78
UTIUniversal Technical Institute
141,309$4.6B0.50%
79
TRVTravelers Companies, Inc.
16,466$4.6B0.50%
80
USBU.S. Bancorp
94,679$4.6B0.50%
81
VONVVanguard Russell 1000 Value ET
50,819$4.5B0.50%
82
FXEInvesco CurrencyShares Euro Tr
41,706$4.5B0.49%
83
PRDOPerdoceo Education Corporation
119,330$4.5B0.49%
84
SSNCSS&C Technologies Holdings, In
50,387$4.5B0.49%
85
SANMSanmina Corporation
37,492$4.3B0.47%
86
ALSAllstate Corp.
19,756$4.2B0.46%
87
FTDRFrontdoor, Inc.
61,594$4.1B0.45%
88
RSPDInvesco S&P 500 Equal Weight C
68,409$3.9B0.43%
89
EHCEncompass Health Corporation
31,064$3.9B0.43%
90
TBXProShares Short QQQ
124,115$3.9B0.42%
91
UHSUniversal Health Services Inc.
18,698$3.8B0.42%
92
AIZAssurant Inc.
17,371$3.8B0.41%
93
PLXSPlexus Corp.
25,974$3.8B0.41%
94
MMSMaximus Inc.
40,707$3.7B0.41%
95
RCLRoyal Caribbean Cruises Ltd
11,149$3.6B0.39%
96
EXPEExpedia Group, Inc.
16,800$3.6B0.39%
97
MKLMarkel Group Inc.
1,867$3.6B0.39%
98
ACMAECOM
26,265$3.4B0.37%
99
REGNRegeneron Pharmaceuticals Inc.
6,044$3.4B0.37%
100
LEALear Corp.
33,576$3.4B0.37%
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