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Institutional Investment Manager
LEUTHOLD GROUP, LLC
LEUTHOLD GROUP, LLC (CIK: 0001170152), located at 150 South Fifth Street, Minneapolis, MN. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 205 holdings with a total value of $951,589,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 THOMSON REUTERS CORP 36,088 1,493,000 0.16%
152 POWERSHARES BUILD AMERICA BOND PORTFOLIO ETF 47,278 1,484,000 0.16%
153 EBAY INC 42,274 1,391,000 0.15%
154 GOODYEAR TIRE & RUBR CO 41,099 1,327,000 0.14%
155 CSX CORP 42,420 1,294,000 0.14%
156 BAIDU INC 6,952 1,266,000 0.13%
157 KOREA ELECTRIC PWR 49,209 1,200,000 0.13%
158 ALPHABET INC 1,486 1,195,000 0.13%
159 KAISER ALUMINUM CORP COM PAR $0.01 12,968 1,122,000 0.12%
160 GENERAL MTRS CO 34,847 1,107,000 0.12%
161 VALIDUS HOLDINGS LTD 22,114 1,102,000 0.12%
162 SWIFT TRANSN CO 49,480 1,062,000 0.11%
163 AKAMAI TECHNOLOGIES INC 19,502 1,033,000 0.11%
164 RACKSPACE HOSTING INC 31,683 1,004,000 0.11%
165 ISHARES TR 7,894 999,000 0.10%
166 CHUNGHWA TELECOM CO LTD 28,167 987,000 0.10%
167 EAGLE MATERIALS INC 12,496 966,000 0.10%
168 NORFOLK SOUTHERN CORP 9,910 962,000 0.10%
169 KBR INC 62,276 942,000 0.10%
170 CORNING INC 39,366 931,000 0.10%
171 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 8,364 931,000 0.10%
172 VODAFONE GROUP PLC NEW 31,730 925,000 0.10%
173 AIRCASTLE LTD 42,234 839,000 0.09%
174 ISHARES TR 22,832 839,000 0.09%
175 HD SUPPLY HLDGS INCORPORATED 25,937 829,000 0.09%
176 FORD MTR CO DEL 68,498 827,000 0.09%
177 WORTHINGTON INDS INC 16,800 807,000 0.08%
178 UNITED CONTL HLDGS INC 15,123 794,000 0.08%
179 HEADWATERS INC COM 46,809 792,000 0.08%
180 ISHARES INC 54,247 790,000 0.08%
181 VANECK VECTORS ETF TR 41,340 776,000 0.08%
182 ALIBABA GROUP HLDG LTD 7,265 769,000 0.08%
183 RYDER SYS INC 11,641 768,000 0.08%
184 J2 GLOBAL INC 11,375 758,000 0.08%
185 JONES LANG LASALLE 6,447 734,000 0.08%
186 KT CORP 44,264 710,000 0.07%
187 COMPANHIA ENERGETICA DE MINA 270,996 702,000 0.07%
188 Syntel Inc Com 16,428 688,000 0.07%
189 AVIS BUDGET GROUP 19,241 658,000 0.07%
190 RELIANCE STEEL & ALUMINUM CO 9,108 656,000 0.07%
191 CLIFFS NAT RES INC 106,236 621,000 0.07%
192 WERNER ENTERPRISES INC 25,032 582,000 0.06%
193 COSAN LTD 78,637 562,000 0.06%
194 TAIWAN SEMICONDUCTOR MFG LTD 13,311 407,000 0.04%
195 ENEL AMERICAS S A 43,491 356,000 0.04%
196 BRASKEM S A SP ADR PFD A 18,973 292,000 0.03%
197 ISHARES TR 17,006 289,000 0.03%
198 ENEL CHILE S A 60,633 288,000 0.03%
199 CHIPMOS TECH BERMUDA LTD 14,108 279,000 0.03%
200 CHINA TELECOM CORP LTD 4,328 221,000 0.02%
Page 4 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-16-086362, filed 2016.11.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.