1y return+18.5%S&P 500 +20.9%
3y return+51.0%S&P 500 +68.5%
5y return+52.0%S&P 500 +74.5%
10y return+178.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $279 against $357 in the S&P 500.2
Leuthold Group, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPDNDirexion Daily S&P500 Bear 1X | $26.3M | 2.6% | −1.3% |
| GOOGLAlphabet Inc. Cl A | $22.8M | 2.3% | −3.8% |
| Flex Ltd.CUSIP Y2573F102 | $19.9M | 2.0% | −38.6% |
| MSFTMicrosoft Corp. | $17.4M | 1.7% | −3.2% |
| CSCOCisco Systems Inc. | $16.9M | 1.7% | −8.7% |
| JBLJabil Inc. | $15.6M | 1.6% | −31.3% |
| CAHCardinal Health Inc. | $14.5M | 1.5% | −5.2% |
| NVDANVIDIA Corp. | $13.7M | 1.4% | +51.2% |
| DELLDell Technologies Inc. Class C | $13.0M | 1.3% | −11.5% |
| XLKTechnology Select Sector SPDR | $12.7M | 1.3% | −5.2% |
| SHYiShares 1-3 Year Treasury Bond | $12.3M | 1.2% | −4.5% |
| GTXGarrett Motion Inc | $11.7M | 1.2% | −5.5% |
| MCKMcKesson Corp. | $11.6M | 1.2% | −5.0% |
| FDXFedEx Corp. | $11.5M | 1.2% | −4.2% |
| BWXSPDR Bloomberg Barclays Intern | $11.5M | 1.2% | −35.9% |
| RWMProShares Short Russell2000 | $11.5M | 1.2% | |
| SPIBSPDR Intermediate Term Corpora | $11.3M | 1.1% | −19.6% |
| CCitigroup Inc. | $11.3M | 1.1% | −5.2% |
| UPSUnited Parcel Service Inc. Cl | $11.2M | 1.1% | −4.3% |
| AMDAdvanced Micro Devices Inc. | $10.8M | 1.1% | +136.7% |
| METAMeta Platforms Inc. Class A | $10.8M | 1.1% | −5.1% |
| VTIPVanguard Short-Term Inflation- | $10.5M | 1.1% | |
| KGCKinross Gold Corporation | $10.3M | 1.0% | −4.3% |
| JPMJPMorgan Chase & Co. | $10.2M | 1.0% | −5.0% |
| IGOViShares International Treasury | $10.1M | 1.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Flex Ltd.CUSIP Y2573F102 | March 31, 2023 | +604.3% | $19.9M |
| JBLJabil Inc. | December 31, 2022 | +465.2% | $15.6M |
| XLKTechnology Select Sector SPDR | June 30, 2020 | +264.7% | $12.7M |
| CAHCardinal Health Inc. | September 30, 2022 | +256.3% | $14.5M |
| GOOGLAlphabet Inc. Cl A | March 31, 2023 | +244.5% | $22.8M |
| BCSBarclays PLC ADR | December 31, 2022 | +244.4% | $8.5M |
| IAGIamgold Corporation | September 30, 2024 | +202.9% | $8.8M |
| AMDAdvanced Micro Devices Inc. | March 31, 2026 | +185.6% | $10.8M |
| CCitigroup Inc. | December 31, 2023 | +172.1% | $11.3M |
| GTXGarrett Motion Inc | September 30, 2025 | +166.0% | $11.7M |
Sold off last quarter
- SNYSanofi SA Sponsored ADR was $4.6M
- SNEXStoneX Group Inc. was $3.8M
- VCVisteon Corp was $3.7M
- BRBroadridge Financial Solutions was $3.7M
- SSNCSS&C Technologies Holdings, In was $3.6M
- MMSMaximus Inc. was $2.8M
- ACMAecom was $2.4M
- CNXCConcentrix Corporation was $1.8M
- Exxon Mobil Corp.CUSIP 30231G102 was $1.1M
- TotalEnergies SE Sponsored ADRCUSIP 89151E109 was $531K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.7% | +14.8% |
| March 31, 2026 | −0.6% | −4.6% |
| December 31, 2025 | +0.7% | +2.4% |
| September 30, 2025 | +6.9% | +7.8% |
| June 30, 2025 | +9.6% | +10.5% |
| March 31, 2025 | −0.3% | −4.6% |
| December 31, 2024 | −3.0% | +2.1% |
| September 30, 2024 | +6.4% | +5.4% |
| June 30, 2024 | −1.6% | +4.0% |
| March 31, 2024 | +7.7% | +10.0% |
| December 31, 2023 | +10.5% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +5.4% | +8.3% |
| March 31, 2023 | +3.2% | +7.0% |
| December 31, 2022 | +9.8% | +7.1% |
| September 30, 2022 | −4.3% | −5.3% |
| June 30, 2022 | −11.5% | −16.5% |
| March 31, 2022 | −5.4% | −4.9% |
| December 31, 2021 | +6.5% | +10.7% |
| September 30, 2021 | −1.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Leuthold Group, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1170152&type=13F-HR&dateb=&owner=include&count=40CIK 1170152
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1170152/000089706926001570/Filed August 4, 2026 · accession 0000897069-26-001570