Leuthold Group portfolio

What changed this quarter

216 positions with a change (33 new, 112 added to, 42 trimmed, 29 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• ServiceNow+0.9 ppof portfolioNew
  — → 0.9%
• Marathon Petroleum+0.8 ppof portfolioNew
  — → 0.8%
• Everest Group+878%more sharesIncreased
  0.1% → 0.9%
• Devon Energy−0.8 ppof portfolioSold out
  0.8% → —
• Magna International−93%fewer sharesReduced
  0.9% → 0.1%
• Chevron+1,627%more sharesIncreased
  under 0.1% → 0.8%
• Exxon Mobil+767%more sharesIncreased
  0.1% → 0.9%
• Direxion Shares ETF Trust+31%more sharesIncreased
  2.6% → 3.2%
• Dycom Industries−0.7 ppof portfolioSold out
  0.8% → —
• EOG Resources+0.7 ppof portfolioNew
  — → 0.7%
• EMCOR Group−0.7 ppof portfolioSold out
  0.7% → —
• Granite Construction−0.6 ppof portfolioSold out
  0.7% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Direxion Shares ETF TrustSPDN3.2%
• MicrosoftMSFT2.3%
• AlphabetGOOGL2.2%
• Dell TechnologiesDELL1.7%
• Cisco SystemsCSCO1.6%
• NVIDIANVDA1.5%
• Meta PlatformsMETA1.4%
• ProShares Short Russell2000 ETFRWM1.4%
• Cardinal HealthCAH1.4%
• FLEXFLEX1.4%
• McKESSONMCK1.3%
• Advanced Micro DevicesAMD1.2%
• JabilJBL1.2%
• Vanguard Short-term Tips ETFVTIP1.1%
• State Street Technology Select Sector ETFXLK1.1%
• iShares 1-3 Year Treasury BO ETFSHY1.1%
• CitigroupC1.1%
• Kinross GoldKGC1.1%
• JPMorgan ChaseJPM1.1%
• State Street SPDR BB International Treasury BD ETFBWX1.0%
• IamgoldIAG1.0%
• FedExFDX1.0%
• HCA HealthcareHCA1.0%
• F5FFIV0.9%
• Canadian Imperial Bank of CommerceCM0.9%
• United Parcel ServiceUPS0.9%
• Renaissancere HoldingsRNR0.9%
• iShares Core S&P 500 ETFIVV0.9%
• iShares International Treasu ETFIGOV0.9%
• CencoraCOR0.9%
• ServiceNowNOW0.9%
• Everest GroupEG0.9%
• AmgenAMGN0.9%
• Bank of AmericaBAC0.9%
• Exxon MobilXOM0.9%
• Johnson & JohnsonJNJ0.8%
• Marathon PetroleumMPC0.8%
• Vertex PharmaceuticalsVRTX0.8%
• ChevronCVX0.8%
• Tenet HealthcareTHC0.8%
• Gilead SciencesGILD0.8%
• HF SinclairDINO0.8%
• SanminaSANM0.8%
• BarclaysBCS0.8%
• Laureate EducationLAUR0.8%
• State Street SPDR P Int C Corp ETFSPIB0.8%
• Elevance HealthELV0.8%
• Reinsurance Group of AmericaRGA0.7%
• Regeneron PharmaceuticalsREGN0.7%
• BiogenBIIB0.7%
• Telefonaktiebolaget LM EricsERIC0.7%
• Netscout SystemsNTCT0.7%
• EOG ResourcesEOG0.7%
• MerckMRK0.7%
• TE ConnectivityTEL0.7%
• PlexusPLXS0.7%
• iShares MBS ETFMBB0.7%
• Lam ResearchLRCX0.7%
• iShares 5-10y INV Grade ETFIGIB0.7%
• Eldorado GoldEGO0.6%
• PBF EnergyPBF0.6%
• iShares Tips Bond ETFTIP0.6%
• SLBSLB0.6%
• Oceaneering InternationalOII0.6%
• Paycom SoftwarePAYC0.6%
• Bristol-myers SquibbBMY0.6%
• Garrett MotionGTX0.6%
• MastercardMA0.6%
• iShares 7-10 Year Treasury B ETFIEF0.6%
• Expeditors International of WashingtonEXPD0.6%
• PfizerPFE0.6%
• iShares Core Msci Eafe ETFIEFA0.6%
• Travelers CompaniesTRV0.6%
• Baker HughesBKR0.6%
• Automatic Data ProcessingADP0.6%
• CovistaCVSA0.6%
• United TherapeuticsUTHR0.6%
• iShares 0-5 Year Tips Bond E ETFSTIP0.6%
• Agnico Eagle MinesAEM0.5%
• US Bancorp \de\USB0.5%
• VisaV0.5%
• PNC Financial Services GroupPNC0.5%
• Vanguard Mortgage-backed Sec ETFVMBS0.5%
• Check Point Software TechnologiesCHKP0.5%
• GSKGSK0.5%
• QualysQLYS0.5%
• PaychexPAYX0.5%
• C.h. Robinson WorldwideCHRW0.5%
• AssurantAIZ0.5%
• Vanguard Russell 1000 Value ETFVONV0.5%
• TenarisTS0.5%
• Hartford Insurance GroupHIG0.4%
• AllstateALL0.4%
• Digi InternationalDGII0.4%
• Paylocity HoldingPCTY0.4%
• Gen DigitalGEN0.4%
• LearLEA0.4%
• Benchmark ElectronicsBHE0.4%
• State Street Financial Select Sector ETFXLF0.4%
• State Street SPDR Ftse Inter ETFWIP0.4%