# EDGAR Filing Document

**Accession Number:** 0001185072
**File Stem:** 0001140361-23-006693
**Filing Date:** 2023-2
**Character Count:** 14927
**Document Hash:** 57b206bc55b28c2fd6c49dc093ecad17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-006693.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001140361-23-006693

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mount Lucas Management LP
- **CENTRAL INDEX KEY:** 0001185072
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11021
- **FILM NUMBER:** 23624794

**BUSINESS ADDRESS:**
- **STREET 1:** 405 SOUTH STATE STREET
- **CITY:** NEWTOWN
- **STATE:** PA
- **ZIP:** 18940
- **BUSINESS PHONE:** 267-759-3500

**MAIL ADDRESS:**
- **STREET 1:** 405 SOUTH STATE STREET
- **CITY:** NEWTOWN
- **STATE:** PA
- **ZIP:** 18940

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MT LUCAS MANAGEMENT LP
- **DATE OF NAME CHANGE:** 20111130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MT LUCAS MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 20020903

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Mount Lucas Management LP<br>**Address:** 405 South State Street<br>Newtown, PA 18940

**Form 13F File Number:** 028-11021

**CRD Number (if applicable):** 000108255

**SEC File Number (if applicable):** 801-28254

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Timothy J. Rudderow<br>**Title:** Chief Investment Officer<br>**Phone:** 267-759-3500

**Signature, Place, and Date of Signing:**

/s/ Timothy J. Rudderow  Newtown, PA  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 107

**Form 13F Information Table Value Total:** $305199753

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | Common Stock | 00287Y109 |  | 2992048 | 18514 | SH |  | SOLE |  | 18514 | 0 | 0 |
| AMERISOURCEBERGEN CORP | Common Stock | 03073E105 |  | 3040281 | 18347 | SH |  | SOLE |  | 18347 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO | Common Stock | 039483102 |  | 5410927 | 58276 | SH |  | SOLE |  | 58276 | 0 | 0 |
| AFLAC INC | Common Stock | 001055102 |  | 3165216 | 43998 | SH |  | SOLE |  | 43998 | 0 | 0 |
| AMERICAN INTERNATIONAL GROUP | Common Stock | 026874784 |  | 5417961 | 85673 | SH |  | SOLE |  | 85673 | 0 | 0 |
| ALBEMARLE CORP | Common Stock | 012653101 |  | 236161 | 1089 | SH |  | SOLE |  | 1089 | 0 | 0 |
| AMGEN INC | Common Stock | 031162100 |  | 2900334 | 11043 | SH |  | SOLE |  | 11043 | 0 | 0 |
| AUTONATION INC | Common Stock | 05329W102 |  | 489181 | 4559 | SH |  | SOLE |  | 4559 | 0 | 0 |
| APA CORP | Common Stock | 03743Q108 |  | 6835492 | 146433 | SH |  | SOLE |  | 146433 | 0 | 0 |
| ANTERO RESOURCES CORP | Common Stock | 03674X106 |  | 562066 | 18137 | SH |  | SOLE |  | 18137 | 0 | 0 |
| INVESCO SENIOR LOAN ETF | ETP | 46138G508 |  | 2017996 | 98295 | SH |  | SOLE |  | 98295 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | Common Stock | 12008R107 |  | 547003 | 8431 | SH |  | SOLE |  | 8431 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | Common Stock | 110122108 |  | 2816051 | 39139 | SH |  | SOLE |  | 39139 | 0 | 0 |
| AVIS BUDGET GROUP INC | Common Stock | 053774105 |  | 450644 | 2749 | SH |  | SOLE |  | 2749 | 0 | 0 |
| CF INDUSTRIES HOLDINGS INC | Common Stock | 125269100 |  | 2725889 | 31994 | SH |  | SOLE |  | 31994 | 0 | 0 |
| CIGNA CORP | Common Stock | 125523100 |  | 5849808 | 17655 | SH |  | SOLE |  | 17655 | 0 | 0 |
| CLEVELAND-CLIFFS INC | Common Stock | 185899101 |  | 418151 | 25956 | SH |  | SOLE |  | 25956 | 0 | 0 |
| CANADIAN NATURAL RESOURCES | Common Stock | 136385101 |  | 568072 | 10230 | SH |  | SOLE |  | 10230 | 0 | 0 |
| CONOCOPHILLIPS | Common Stock | 20825C104 |  | 4632326 | 39257 | SH |  | SOLE |  | 39257 | 0 | 0 |
| COTERRA ENERGY INC | Common Stock | 127097103 |  | 4097711 | 166777 | SH |  | SOLE |  | 166777 | 0 | 0 |
| CENOVUS ENERGY INC | Common Stock | 15135U109 |  | 1720269 | 88628 | SH |  | SOLE |  | 88628 | 0 | 0 |
| CVS HEALTH CORP | Common Stock | 126650100 |  | 2328818 | 24990 | SH |  | SOLE |  | 24990 | 0 | 0 |
| CHEVRON CORP | Common Stock | 166764100 |  | 3395412 | 18917 | SH |  | SOLE |  | 18917 | 0 | 0 |
| DATADOG INC - CLASS A | Common Stock | 23804L103 |  | 190218 | 2588 | SH |  | SOLE |  | 2588 | 0 | 0 |
| DISCOVER FINANCIAL SERVICES | Common Stock | 254709108 |  | 23284 | 238 | SH |  | SOLE |  | 238 | 0 | 0 |
| HF SINCLAIR CORP | Common Stock | 403949100 |  | 1207325 | 23267 | SH |  | SOLE |  | 23267 | 0 | 0 |
| DOW INC | Common Stock | 260557103 |  | 523502 | 10389 | SH |  | SOLE |  | 10389 | 0 | 0 |
| DEVON ENERGY CORP | Common Stock | 25179M103 |  | 274089 | 4456 | SH |  | SOLE |  | 4456 | 0 | 0 |
| ISHARES MSCI CHILE ETF | ETP | 464286640 |  | 933440 | 34457 | SH |  | SOLE |  | 34457 | 0 | 0 |
| ENPHASE ENERGY INC | Common Stock | 29355A107 |  | 240319 | 907 | SH |  | SOLE |  | 907 | 0 | 0 |
| EOG RESOURCES INC | Common Stock | 26875P101 |  | 862474 | 6659 | SH |  | SOLE |  | 6659 | 0 | 0 |
| ISHARES MSCI PERU ETF | ETP | 464289842 |  | 296304 | 10335 | SH |  | SOLE |  | 10335 | 0 | 0 |
| EQT CORP | Common Stock | 26884L109 |  | 2982216 | 88153 | SH |  | SOLE |  | 88153 | 0 | 0 |
| ISHARES MSCI AUSTRALIA ETF | ETP | 464286103 |  | 1507905 | 67832 | SH |  | SOLE |  | 67832 | 0 | 0 |
| ISHARES MSCI ITALY ETF | ETP | 46434G830 |  | 800899 | 29729 | SH |  | SOLE |  | 29729 | 0 | 0 |
| ISHARES MSCI SPAIN ETF | ETP | 464286764 |  | 809377 | 33473 | SH |  | SOLE |  | 33473 | 0 | 0 |
| ISHARES MSCI FRANCE ETF | ETP | 464286707 |  | 803458 | 24259 | SH |  | SOLE |  | 24259 | 0 | 0 |
| ISHARES MSCI UNITED KINGDOM | ETP | 46435G334 |  | 644381 | 21017 | SH |  | SOLE |  | 21017 | 0 | 0 |
| ISHARES MSCI MEXICO ETF | ETP | 464286822 |  | 858205 | 17355 | SH |  | SOLE |  | 17355 | 0 | 0 |
| EXTRA SPACE STORAGE INC | Common Stock | 30225T102 |  | 10008 | 68 | SH |  | SOLE |  | 68 | 0 | 0 |
| DIAMONDBACK ENERGY INC | Common Stock | 25278X109 |  | 5792496 | 42349 | SH |  | SOLE |  | 42349 | 0 | 0 |
| SPDR BLOOMBERG INVESTMENT GR | ETP | 78468R200 |  | 597893 | 19674 | SH |  | SOLE |  | 19674 | 0 | 0 |
| GENERAL MILLS INC | Common Stock | 370334104 |  | 3243150 | 38678 | SH |  | SOLE |  | 38678 | 0 | 0 |
| GLOBE LIFE INC | Common Stock | 37959E102 |  | 3163232 | 26240 | SH |  | SOLE |  | 26240 | 0 | 0 |
| GENUINE PARTS CO | Common Stock | 372460105 |  | 2971359 | 17125 | SH |  | SOLE |  | 17125 | 0 | 0 |
| GLOBAL X MSCI GREECE ETF | ETP | 37954Y319 |  | 944415 | 35451 | SH |  | SOLE |  | 35451 | 0 | 0 |
| HESS CORP | Common Stock | 42809H107 |  | 294560 | 2077 | SH |  | SOLE |  | 2077 | 0 | 0 |
| HARTFORD FINANCIAL SVCS GRP | Common Stock | 416515104 |  | 2667927 | 35183 | SH |  | SOLE |  | 35183 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE | Common Stock | 42824C109 |  | 5077626 | 318147 | SH |  | SOLE |  | 318147 | 0 | 0 |
| HP INC | Common Stock | 40434L105 |  | 505290 | 18805 | SH |  | SOLE |  | 18805 | 0 | 0 |
| HERSHEY CO/THE | Common Stock | 427866108 |  | 2898330 | 12516 | SH |  | SOLE |  | 12516 | 0 | 0 |
| IMPERIAL OIL LTD | Common Stock | 453038408 |  | 1370423 | 28117 | SH |  | SOLE |  | 28117 | 0 | 0 |
| INVESCO LTD | Common Stock | G491BT108 |  | 54 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| ISHARES RUSSELL 1000 VALUE E | ETP | 464287598 |  | 7880189 | 51963 | SH |  | SOLE |  | 51963 | 0 | 0 |
| JACK HENRY  ASSOCIATES INC | Common Stock | 426281101 |  | 2991542 | 17040 | SH |  | SOLE |  | 17040 | 0 | 0 |
| JOHNSON  JOHNSON | Common Stock | 478160104 |  | 3136421 | 17755 | SH |  | SOLE |  | 17755 | 0 | 0 |
| KELLOGG CO | Common Stock | 487836108 |  | 2787336 | 39126 | SH |  | SOLE |  | 39126 | 0 | 0 |
| COCA-COLA CO/THE | Common Stock | 191216100 |  | 2757175 | 43345 | SH |  | SOLE |  | 43345 | 0 | 0 |
| LKQ CORP | Common Stock | 501889208 |  | 24942 | 467 | SH |  | SOLE |  | 467 | 0 | 0 |
| LYONDELLBASELL INDU-CL A | Common Stock | N53745100 |  | 570997 | 6877 | SH |  | SOLE |  | 6877 | 0 | 0 |
| MCKESSON CORP | Common Stock | 58155Q103 |  | 3104118 | 8275 | SH |  | SOLE |  | 8275 | 0 | 0 |
| METLIFE INC | Common Stock | 59156R108 |  | 2788633 | 38533 | SH |  | SOLE |  | 38533 | 0 | 0 |
| MARSH  MCLENNAN COS | Common Stock | 571748102 |  | 13238 | 80 | SH |  | SOLE |  | 80 | 0 | 0 |
| MOSAIC CO/THE | Common Stock | 61945C103 |  | 4713349 | 107439 | SH |  | SOLE |  | 107439 | 0 | 0 |
| MARATHON PETROLEUM CORP | Common Stock | 56585A102 |  | 7100023 | 61002 | SH |  | SOLE |  | 61002 | 0 | 0 |
| MONOLITHIC POWER SYSTEMS INC | Common Stock | 609839105 |  | 231261 | 654 | SH |  | SOLE |  | 654 | 0 | 0 |
| MARATHON OIL CORP | Common Stock | 565849106 |  | 3485777 | 128769 | SH |  | SOLE |  | 128769 | 0 | 0 |
| MARVELL TECHNOLOGY INC | Common Stock | 573874104 |  | 181978 | 4913 | SH |  | SOLE |  | 4913 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | Common Stock | 620076307 |  | 13916 | 54 | SH |  | SOLE |  | 54 | 0 | 0 |
| NASDAQ INC | Common Stock | 631103108 |  | 12147 | 198 | SH |  | SOLE |  | 198 | 0 | 0 |
| NUCOR CORP | Common Stock | 670346105 |  | 3208255 | 24340 | SH |  | SOLE |  | 24340 | 0 | 0 |
| OVINTIV INC | Common Stock | 69047Q102 |  | 565417 | 11150 | SH |  | SOLE |  | 11150 | 0 | 0 |
| OCCIDENTAL PETROLEUM CORP | Common Stock | 674599105 |  | 5555151 | 88191 | SH |  | SOLE |  | 88191 | 0 | 0 |
| PEPSICO INC | Common Stock | 713448108 |  | 2956140 | 16363 | SH |  | SOLE |  | 16363 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP | Common Stock | 74251V102 |  | 2548650 | 30370 | SH |  | SOLE |  | 30370 | 0 | 0 |
| PROGRESSIVE CORP | Common Stock | 743315103 |  | 3097864 | 23883 | SH |  | SOLE |  | 23883 | 0 | 0 |
| PUBLIC STORAGE | Common Stock | 74460D109 |  | 11488 | 41 | SH |  | SOLE |  | 41 | 0 | 0 |
| PHILLIPS 66 | Common Stock | 718546104 |  | 5982518 | 57480 | SH |  | SOLE |  | 57480 | 0 | 0 |
| PIONEER NATURAL RESOURCES CO | Common Stock | 723787107 |  | 3522002 | 15421 | SH |  | SOLE |  | 15421 | 0 | 0 |
| RAYMOND JAMES FINANCIAL INC | Common Stock | 754730109 |  | 29597 | 277 | SH |  | SOLE |  | 277 | 0 | 0 |
| INVESCO S 500 PURE VALUE E | ETP | 46137V258 |  | 25284859 | 324248 | SH |  | SOLE |  | 324248 | 0 | 0 |
| REPUBLIC SERVICES INC | Common Stock | 760759100 |  | 2775994 | 21521 | SH |  | SOLE |  | 21521 | 0 | 0 |
| SCHWAB SHORT-TERM US TREAS | ETP | 808524862 |  | 35891959 | 744029 | SH |  | SOLE |  | 744029 | 0 | 0 |
| ISHARES 1-3 YEAR TREASURY BO | ETP | 464287457 |  | 26688777 | 328801 | SH |  | SOLE |  | 328801 | 0 | 0 |
| ISHARES 0-5 YR HY CORP BOND | ETP | 46434V407 |  | 822666 | 20119 | SH |  | SOLE |  | 20119 | 0 | 0 |
| STEEL DYNAMICS INC | Common Stock | 858119100 |  | 752388 | 7701 | SH |  | SOLE |  | 7701 | 0 | 0 |
| SOUTHWESTERN ENERGY CO | Common Stock | 845467109 |  | 501468 | 85721 | SH |  | SOLE |  | 85721 | 0 | 0 |
| TECK RESOURCES LTD-CLS B | Common Stock | 878742204 |  | 867780 | 22945 | SH |  | SOLE |  | 22945 | 0 | 0 |
| TELLURIAN INC | Common Stock | 87968A104 |  | 1288963 | 767240 | SH |  | SOLE |  | 767240 | 0 | 0 |
| ISHARES MSCI THAILAND ETF | ETP | 464286624 |  | 941604 | 12523 | SH |  | SOLE |  | 12523 | 0 | 0 |
| TRAVELERS COS INC/THE | Common Stock | 89417E109 |  | 2621673 | 13983 | SH |  | SOLE |  | 13983 | 0 | 0 |
| TAIWAN SEMICONDUCTOR-SP ADR | ADR | 874039100 |  | 2234700 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| TYSON FOODS INC-CL A | Common Stock | 902494103 |  | 476150 | 7649 | SH |  | SOLE |  | 7649 | 0 | 0 |
| ISHARES MSCI TURKEY ETF | ETP | 464286715 |  | 996706 | 26938 | SH |  | SOLE |  | 26938 | 0 | 0 |
| UNITED AIRLINES HOLDINGS INC | Common Stock | 910047109 |  | 461373 | 12238 | SH |  | SOLE |  | 12238 | 0 | 0 |
| UNITEDHEALTH GROUP INC | Common Stock | 91324P102 |  | 3072923 | 5796 | SH |  | SOLE |  | 5796 | 0 | 0 |
| VALERO ENERGY CORP | Common Stock | 91913Y100 |  | 6516418 | 51367 | SH |  | SOLE |  | 51367 | 0 | 0 |
| VANGUARD HIGH DVD YIELD ETF | ETP | 921946406 |  | 2618682 | 24200 | SH |  | SOLE |  | 24200 | 0 | 0 |
| WESTLAKE CORP | Common Stock | 960413102 |  | 446459 | 4354 | SH |  | SOLE |  | 4354 | 0 | 0 |
| WR BERKLEY CORP | Common Stock | 084423102 |  | 3053963 | 42083 | SH |  | SOLE |  | 42083 | 0 | 0 |
| MATERIALS SELECT SECTOR SPDR | ETP | 81369Y100 |  | 48938 | 630 | SH |  | SOLE |  | 630 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR | ETP | 81369Y506 |  | 995671 | 11383 | SH |  | SOLE |  | 11383 | 0 | 0 |
| INDUSTRIAL SELECT SECT SPDR | ETP | 81369Y704 |  | 997715 | 10159 | SH |  | SOLE |  | 10159 | 0 | 0 |
| CONSUMER STAPLES SPDR | ETP | 81369Y308 |  | 999716 | 13410 | SH |  | SOLE |  | 13410 | 0 | 0 |
| UTILITIES SELECT SECTOR SPDR | ETP | 81369Y886 |  | 1693128 | 24016 | SH |  | SOLE |  | 24016 | 0 | 0 |
| HEALTH CARE SELECT SECTOR | ETP | 81369Y209 |  | 1009230 | 7429 | SH |  | SOLE |  | 7429 | 0 | 0 |
| EXXON MOBIL CORP | Common Stock | 30231G102 |  | 6757750 | 61267 | SH |  | SOLE |  | 61267 | 0 | 0 |

---