Overview
The Leuthold Group, LLC d/b/a Leuthold Weeden Capital Management (“Leuthold”)
serves as an investment advisor to separately managed accounts, mutual funds (the
“Leuthold mutual funds”), an exchange traded fund (the “Leuthold ETF”) and a private
fund (the “Private Investment Fund”). Leuthold also provides investment research to
institutional clients.
The Leuthold Group was founded in 1981 as an independent investment research firm. Our
proprietary research includes technical and quantitative analysis, broad sector and industry
group analysis, financial marketplace supply/demand dynamics, long-term historical
valuation studies as well as other types of market research. In 1987, members of The
Leuthold Group founded Leuthold Weeden Capital Management to provide investment
advisory services to individuals, institutions, private funds and public funds.
Leuthold is majority employee-owned. Weeden Investors, L.P. is also an owner of
Leuthold.
We offer advice on the following: equity securities that are exchange-listed, including,
without limitation, listed shares of exchange traded funds and closed end investment
companies; securities traded over-the-counter; securities of foreign issuers; warrants;
corporate debt securities; commercial paper; certificates of deposit; municipal securities;
mutual fund shares; United States government securities; options contracts on securities
and commodities; futures contracts on tangibles and intangibles; and interests in
partnerships
investing in real estate, oil, and gas interests.
We may also invest in convertible corporate debt securities; convertible preferred stocks;
obligations issued or guaranteed by the United States, states, counties, cities, or other
political subdivisions or agencies thereof; various money market instruments, such as
bankers’ acceptances, corporate demand notes, and repurchase obligations; Eurodollar and
Yankee-dollar debt obligations; debt obligations of foreign governments; and industrial
metals and precious metals. From time to time, we may, within a particular investment
strategy, invest in unconventional asset classes such as farm land or gold.
The advisory services we offer are focused on quantitative strategies. We do not tailor
advisory services to the needs of individual clients, but instead provide a series of
investment strategies from which clients may select the offerings that best meet their needs.
Clients who invest in separately managed accounts may impose restrictions on investing
in certain securities or types of securities if the proposed restrictions are agreed to by us.
The majority of our clients do not impose such restrictions, and investors in the Leuthold
mutual funds, the Leuthold ETF and the Private Investment Fund have no opportunity to
impose any investment restrictions.
As of December 31, 2023, Leuthold managed $1,072,172,273 of client assets on a
discretionary basis and $37,724,703 on a non-discretionary basis.