Instuitional Investor - Leuthold Group, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Direxion Daily S&P500 Bear 1X		3,074,122	$30,587,514	3.26%
2.	Alphabet Inc.	GOOGL	66,393	$19,091,971	2.03%
3.	Spdr Series Trust		829,138	$18,199,579	1.94%
4.	Microsoft Corp	MSFT	48,171	$17,831,459	1.9%
5.	Jabil Inc	JBL	58,946	$15,657,826	1.67%