Latest LEUTHOLD GROUP, LLC Stock Portfolio

LEUTHOLD GROUP, LLC Performance:

2025 Q4: 2.32%YTD: 21.52%2024: 10.53%

Performance for 2025 Q4 is 2.32%, and YTD is 21.52%, and 2024 is 10.53%.

About LEUTHOLD GROUP, LLC and 13F Hedge Fund Stock Holdings

LEUTHOLD GROUP, LLC is a hedge fund based in Minneapolis, MN. On 2026-02-05, the fund reported it's updated stock portfolio. In the 13F Holdings report, LEUTHOLD GROUP, LLC reported an equity portfolio of $926 Millions as of 31 Dec, 2025.

The top stock holdings of LEUTHOLD GROUP, LLC are MSFT, COM, GOOG. The fund has invested 2.6% of it's portfolio in MICROSOFT CORP. and 2.4% of portfolio in DIREXION DAILY S&P500 BEAR 1X.

The fund managers got completely rid off ORACLE CORP. (ORCL), NETFLIX INC. (NFLX) and UNITED RENTALS INC. (URI) stocks. They significantly reduced their stock positions in T-MOBILE US INC (TMUS), COMMUNICATION SERVICES SELECT (XLB) and GRAHAM HOLDINGS CO. (GHC). LEUTHOLD GROUP, LLC opened new stock positions in FEDEX CORP. (FDX), UNITED PARCEL SERVICE INC. CL (UPS) and UNITEDHEALTH GROUP INC. (UNH). The fund showed a lot of confidence in some stocks as they added substantially to GRANITE CONSTRUCTION INC. (GVA), VALMONT INDUSTRIES INC. (VMI) and LAZARD LTD..

LEUTHOLD GROUP, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that LEUTHOLD GROUP, LLC made a return of 2.32% in the last quarter. In trailing 12 months, it's portfolio return was 21.52%.

Performance
S&P 500

New Buys

Ticker	$ Bought
fedex corp.	10,893,800
united parcel service inc. cl	10,548,700
unitedhealth group inc.	9,287,320
elevance health inc.	7,898,240
johnson & johnson	6,614,740
crh public limited company	5,449,770
bristol-myers squibb co.	5,449,290
emcor group inc	5,425,970

New stocks bought by LEUTHOLD GROUP, LLC

Additions

Ticker	% Inc.
granite construction inc.	1,591
valmont industries inc.	983
lazard ltd.	888
stonex group inc.	834
ishares u.s. healthcare provid	107
technology select sector spdr	101
regeneron pharmaceuticals inc.	56.17
netgear inc	56.05

Additions to existing portfolio by LEUTHOLD GROUP, LLC

Reductions

Ticker	% Reduced
t-mobile us inc	-92.48
communication services select	-51.45
graham holdings co.	-50.94
pan american silver corp.	-49.23
equinox gold corp.	-45.29
agnico-eagle mines ltd.	-35.79
meta platforms inc. class a	-34.72
iamgold corporation	-25.39

LEUTHOLD GROUP, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
adt, inc.	-2,918,520
at&t inc.	-6,882,480
carnival corp.	-3,331,300
norwegian cruise line holdings	-2,728,460
life time group holdings, inc.	-2,824,090
pultegroup inc.	-11,777,300
verizon communications inc.	-2,980,730
oracle corp.	-19,055,700

LEUTHOLD GROUP, LLC got rid off the above stocks

Sector Distribution

LEUTHOLD GROUP, LLC has about 40.3% of it's holdings in Others sector.

Sector	%
Others	40.3
Healthcare	14.6
Financial Services	13.2
Technology	12
Industrials	7.7
Consumer Cyclical	4.1
Communication Services	3.8
Consumer Defensive	2.1
Energy	1.2

Market Cap. Distribution

LEUTHOLD GROUP, LLC has about 44.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	39.8
LARGE-CAP	31.6
MEGA-CAP	12.7
MID-CAP	12
SMALL-CAP	3.6

Stocks belong to which Index?

About 47.8% of the stocks held by LEUTHOLD GROUP, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	52.2
S&P 500	37.2
RUSSELL 2000	10.6

Top 5 Winners (%)		%
	zim integrated shipping servic	56.6 %
VIAV	viavi solutions inc.	40.1 %
PLAB	photronics inc.	39.1 %
AMKR	amkor technology inc.	38.7 %
GM	general motors co.	33.4 %

Top 5 Winners ($)		$
GOOG	alphabet inc. cl a	4.8 M
CAH	cardinal health inc.	3.1 M
	iamgold corporation	2.6 M
	kinross gold corporation	1.8 M
REGN	regeneron pharmaceuticals inc.	1.6 M

Top 5 Losers (%)		%
XLB	technology select sector spdr	-41.7 %
ATGE	adtalem global education inc.	-31.9 %
ACM	aecom	-26.8 %
PRDO	perdoceo education corporation	-21.3 %
FFIV	f5 networks inc.	-20.9 %

Top 5 Losers ($)		$
XLB	technology select sector spdr	-7.7 M
ATGE	adtalem global education inc.	-2.5 M
META	meta platforms inc. class a	-1.9 M
MSFT	microsoft corp.	-1.8 M
FFIV	f5 networks inc.	-1.4 M

LEUTHOLD GROUP, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of LEUTHOLD GROUP, LLC

LEUTHOLD GROUP, LLC has 207 stocks in it's portfolio. About 18.4% of the portfolio is in top 10 stocks. XLB proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for LEUTHOLD GROUP, LLC last quarter.

Last Reported on: 05 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa inc.	0.28	49,245	2,616,880	new

AAXJ	ishares international treasury	1.12	248,737	10,362,400	reduced	-1.31

AAXJ	ishares 5-10yr investment grad	0.86	148,747	8,014,490	reduced	-2.65

AAXJ	ishares mbs etf	0.84	81,963	7,804,520	reduced	-3.00

AAXJ	ishares u.s. healthcare provid	0.30	57,746	2,768,460	added	107

AAXJ	ishares u.s. insurance etf	0.10	6,796	925,275	reduced	-3.51

AAXJ	ishares msci acwi etf	0.04	2,388	337,878	added	25.35

AAXJ	ishares 10-20 year treasury bo	0.02	2,048	208,220	unchanged	0.00

ABC	cencora inc.	1.13	30,893	10,434,100	reduced	-0.03

ABG	asbury automotive group inc.	0.00	0.00	0.00	sold off	-100

ACIO	u.s. global jets etf	0.00	0.00	0.00	sold off	-100

ACM	aecom	0.27	26,652	2,540,740	added	1.47

ACMR	acm research, inc. class a	0.04	8,362	329,881	new

ACWF	ishares core dividend growth e	0.03	3,295	228,739	unchanged	0.00

ADT	adt, inc.	0.00	0.00	0.00	sold off	-100

AFK	vaneck gold miners etf	0.29	31,317	2,686,060	reduced	-3.6

AFK	vaneck vectors pharmaceutical	0.10	8,779	905,729	new

AIZ	assurant inc.	0.45	17,403	4,191,510	added	0.18

ALL	allstate corp.	0.45	19,838	4,129,280	added	0.42

ALV	autoliv inc.	0.70	54,579	6,478,530	added	29.21