13F Insight
DOSSIER · 13F-HR · Q4 2025

LEUTHOLD GROUP, LLC

$926M in tracked AUM across 207 positions as of Q4 2025.

LG
CIK 0001170152 · last filed Dec 31, 2025
Total AUM
$926M
as of Q4 2025
Holdings
207
—
positions
Whale Score
43
43
tracked
Activity
—
no data
changes this Q
AI Analysis · Q4 2025

Leuthold Group's single most consequential Q4 2025 trade is a full exit from Oracle: about 67,756 shares and $19.1 million prior—once a top-five line—are gone. Netflix was liquidated on a similar scale (~$17.9 million prior), while Meta Platforms was cut about 35% on shares (~$7.0 million of share-flow selling). Simultaneously, Direxion Daily S&P 500 Bear 1X (SPDN) and ProShares Short Russell 2000 (RWM) were built by roughly 35% more shares each, lifting tactical shorts into the top ten of a $926 million, 207-name multi-asset book.

Oracle Corporation was not trimmed—it was removed. Prior quarter: 67,756 shares and $19.1 million, among Leuthold Group's largest equity lines. This quarter: zero. That single exit is the largest discrete capital event in the filing and sets the tone for a defensive re-mix inside an otherwise diversified $926 million portfolio (up slightly from $914 million).

Netflix was liquidated the same way: about $17.9 million of prior value wiped from the book. United Rentals (~$12.3 million), PulteGroup (~$11.8 million), D.R. Horton (~$10.0 million), and T-Mobile (~$9.8 million) also left entirely. Growth software, streaming, and housing cyclicality were deliberately cleared.

Quarter at a glance — Q4 2025

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q4 2025.

#HoldingValueSharesWeight
01
MSFT
Microsoft Corp.
$25M51K2.6%02
SPDN
Direxion Daily S&P500 Bear 1X
$22M2.3M2.4%03
GOOGL
Alphabet Inc. Cl A
$21M68K2.3%04
BWX
SPDR Bloomberg Barclays Intern
$19M833K2.0%05
GS
Goldman Sachs Group Inc.
$16M18K1.7%06
JBL
Jabil Inc.
$14M62K1.5%07
SPIB
SPDR Intermediate Term Corpora
$14M420K1.5%08
KGC
Kinross Gold Corporation
$13M476K1.4%09
RWM
ProShares Short Russell2000
$13M818K1.4%10
META
Meta Platforms Inc. Class A
$13M20K1.4%

Filing history

2025Q4Dec 31
$926M▲ 1.3%
207 positionsView →2025Q3Sep 30
$914M▲ 9.2%
205 positionsView →2025Q2Jun 30
$837M▲ 8.7%
206 positionsLocked2025Q1Mar 31
$770M▼ 7.5%
201 positionsLocked2024Q4Dec 31
$833M▼ 7.5%
191 positionsLocked2024Q3Sep 30
$900M▲ 4.0%
172 positionsLocked2024Q2Jun 30
$865M▼ 2.6%
180 positionsLocked2024Q1Mar 31
$888M▲ 11.1%
178 positionsLocked2023Q4Dec 31
$799M▲ 12.1%
174 positionsLocked2023Q3Sep 30
$713M▼ 7.6%
182 positionsLocked2023Q2Jun 30
$772M▲ 1.9%
199 positionsLocked2023Q1Mar 31
$757M▲ 2.0%
191 positionsLocked
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