Mount Lucas Management LP Q3 2022 vs. Q4 2022 13F Holdings Comparison

In the world of finance, it pays to monitor any changes in the holdings of major funds. In the latest 13F filing for Mount Lucas Management LP, there were notable increases and decreases in the fund's portfolio. In this article, we'll take a closer look at the Q3 2022 vs. Q4 2022 comparison and the impacts of the changes.

Let's start with the most significant increase, a whopping 418.7% gain in Coterra Energy Inc (CTRA) shares. The fund's holdings of CTRA increased from 30,236 shares in Q3 to 166,777 shares in Q4. This represents a significant shift in the fund's strategy as CTRA now accounts for 4.09% of the fund's total holdings.

Another significant increase was Pioneer Natural Resources Co (PXD) with a 135.4% increase in shares. The fund now holds 15,421 shares of PXD, up from 6,907 in Q3. This increase is a clear indication of the fund's bullish outlook on the energy sector.

Moving on to the top ten holdings of the fund, we see noticeable changes in some of the major companies. There was an impressive 276.1% increase in iShares Russell 1000 Value ETF (IWD), from 15,402 shares to 51,963 shares. This increase is indicative of the fund's belief in the undervalued potential of the companies in the ETF.

Contrastingly, there was a substantial 66.9% decrease in iShares 1-3 Year Treasury Bond ETF (SHY) from 991,389 shares to 328,801 shares Q3 to Q4. This decrease could be due to the rising inflation rates and the subsequent underperformance of the bond market.

Let's delve further into the individual companies with remarkable increases and decreases in their holdings.

Marathon Petroleum Corp (MPC) saw an impressive 112.8% increase in holdings, from 33,588 to 61,002 shares. The fund's holdings of APA Corp (APA) also increased by 157.3% from 77,714 shares to 146,433 shares. These increases could be attributed to the resurgence of the oil and gas industry, which is expected to rebound from its pandemic lows.

MetLife Inc (MET) experienced a significant decrease of 51.8%, from 95,191 shares to 38,533 shares. This reduction could be due to the company's recent poor performance, the negative impact from the pandemic, or adverse effects of the low-interest-rate environment.

CVS Health Corp (CVS) saw a decrease of 60.6%, with the fund's holdings decreasing from 61,977 shares to 24,990 shares. It is noteworthy that the decrease occurred in the same quarter that the company raised their dividend payout by 13.6%. This reduction could indicate a short-term bearish outlook or a shift in the fund's focus.

In conclusion, it is essential to keep up to date with the holdings of major funds. Notable changes may indicate a shift in market sentiment towards certain companies or industries. The Mount Lucas Management LP Q3 2022 vs. Q4 2022 13F Holdings Comparison highlights the fund's bullish outlook on the energy industry while being cautious on the bond market. These insights can help investors in making informed decisions about their investments.