LEUTHOLD GROUP, LLC Diversified Active

CIK: 0001170152 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Nov 14, 2019

Total Value ($000): $763,408 (100.0% shares, 0.0% debt)

Holdings (173)

GLD SPDR Gold Trust 3.9%
Value ($000) $29,740 Shares 214,157 Est. Cost $120.83 Unrealized
FXY Invesco CurrencyShares Japanes 3.3%
Value ($000) $24,934 Shares 283,500 Est. Cost $86.47 Unrealized
IGOV iShares International Treasury 2.9%
Value ($000) $21,784 Shares 431,631 Est. Cost $71.70 Unrealized
MBB iShares MBS ETF 2.5%
Value ($000) $19,381 Shares 178,953 Est. Cost $106.31 Unrealized
RWM ProShares Short Russell2000 2.3%
Value ($000) $17,929 Shares 441,272 Est. Cost $41.22 Unrealized
ProShares Trust Short S&P500 2.3%
Value ($000) $17,524 Shares 670,646 Est. Cost $28.25 Unrealized
TGT Target Corp. 1.9%
Value ($000) $14,250 Shares 133,290 Est. Cost $46.41 Unrealized +73.2%
COST Costco Wholesale Corp. 1.7%
Value ($000) $13,053 Shares 45,305 Est. Cost $204.86 Unrealized +25.1%
MSFT Microsoft Corp. 1.7%
Value ($000) $12,926 Shares 92,973 Est. Cost $102.29 Unrealized +27.0%
GOOGL Alphabet Inc. Cl A 1.6%
Value ($000) $12,561 Shares 10,286 Est. Cost $56.03 Unrealized +4.9%
Lam Research Corp. 1.6%
Value ($000) $12,439 Shares 53,824 Est. Cost $84.86 Unrealized
IGIB iShares Intermediate-Term Cred 1.6%
Value ($000) $12,122 Shares 209,288 Est. Cost $60.40 Unrealized
MA Mastercard Inc. Cl A 1.6%
Value ($000) $11,843 Shares 43,608 Est. Cost $73.34 Unrealized +262.8%
WMT Walmart Inc. 1.5%
Value ($000) $11,812 Shares 99,528 Est. Cost $28.88 Unrealized +19.3%
DG Dollar General Corp. 1.5%
Value ($000) $11,368 Shares 71,521 Est. Cost $77.43 Unrealized +71.5%
EMB iShares JPMorgan USD Emerging 1.5%
Value ($000) $11,325 Shares 99,911 Est. Cost $111.23 Unrealized
V Visa Inc. 1.4%
Value ($000) $10,646 Shares 61,894 Est. Cost $58.91 Unrealized +189.1%
AMZN Amazon.com Inc. 1.3%
Value ($000) $9,843 Shares 5,670 Est. Cost $92.73 Unrealized 0.0%
T AT&T Inc. 1.3%
Value ($000) $9,812 Shares 259,310 Est. Cost $15.26 Unrealized +11.4%
FXI iShares FTSE China 25 Index Fu 1.2%
Value ($000) $9,340 Shares 234,682 Est. Cost $39.80 Unrealized
BIL SPDR Bloomberg Barclays 1-3 Mo 1.2%
Value ($000) $8,856 Shares 96,687 Est. Cost $91.55 Unrealized
FISV Fiserv Inc. 1.2%
Value ($000) $8,780 Shares 84,760 Est. Cost $46.90 Unrealized +117.7%
HCA HCA Healthcare Inc 1.1%
Value ($000) $8,583 Shares 71,277 Est. Cost $95.88 Unrealized +27.7%
BWX SPDR Bloomberg Barclays Intern 1.1%
Value ($000) $8,546 Shares 297,773 Est. Cost $39.96 Unrealized
UNH UnitedHealth Group Inc. 1.1%
Value ($000) $8,247 Shares 37,950 Est. Cost $77.97 Unrealized +178.5%
FXE Invesco CurrencyShares Euro Tr 1.1%
Value ($000) $8,223 Shares 79,400 Est. Cost $112.06 Unrealized
EA Electronic Arts Inc. 1.1%
Value ($000) $8,133 Shares 83,143 Est. Cost $91.34 Unrealized 0.0%
Activision Blizzard Inc. 1.0%
Value ($000) $7,959 Shares 150,392 Est. Cost $52.92 Unrealized
WM Waste Management Inc. 1.0%
Value ($000) $7,671 Shares 66,707 Est. Cost $78.27 Unrealized +34.3%
VZ Verizon Communications Inc. 1.0%
Value ($000) $7,625 Shares 126,329 Est. Cost $40.03 Unrealized +1.0%
AMAT Applied Materials Inc. 1.0%
Value ($000) $7,555 Shares 151,396 Est. Cost $20.18 Unrealized +124.7%
COF Capital One Financial Corp. 1.0%
Value ($000) $7,468 Shares 82,081 Est. Cost $81.79 Unrealized -1.4%
DLTR Dollar Tree Inc. 1.0%
Value ($000) $7,281 Shares 63,782 Est. Cost $97.73 Unrealized +7.1%
DIS Walt Disney Co. 1.0%
Value ($000) $7,264 Shares 55,740 Est. Cost $108.81 Unrealized +23.4%
RSG Republic Services Inc. 0.9%
Value ($000) $7,125 Shares 82,318 Est. Cost $64.63 Unrealized +23.8%
MET MetLife Inc. 0.9%
Value ($000) $7,060 Shares 149,699 Est. Cost $37.59 Unrealized +2.4%
SEDG SolarEdge Technologies, Inc. 0.9%
Value ($000) $6,973 Shares 83,293 Est. Cost $22.53 Unrealized +230.9%
PHM PulteGroup Inc. 0.9%
Value ($000) $6,816 Shares 186,476 Est. Cost $21.17 Unrealized +47.0%
SYF Synchrony Financial 0.9%
Value ($000) $6,764 Shares 198,425 Est. Cost $27.64 Unrealized +5.8%
AMGN Amgen Inc. 0.9%
Value ($000) $6,742 Shares 34,838 Est. Cost $156.88 Unrealized +0.7%
BKNG Booking Holdings Inc. 0.9%
Value ($000) $6,606 Shares 3,366 Est. Cost $1905.07 Unrealized 0.0%
GILD Gilead Sciences Inc. 0.9%
Value ($000) $6,568 Shares 103,631 Est. Cost $53.27 Unrealized -4.3%
DHI D.R. Horton Inc. 0.8%
Value ($000) $6,454 Shares 122,439 Est. Cost $30.39 Unrealized +46.9%
EWY iShares MSCI South Korea ETF 0.8%
Value ($000) $5,900 Shares 104,718 Est. Cost $59.56 Unrealized
CMCSA Comcast Corp. (Cl A) 0.8%
Value ($000) $5,782 Shares 128,268 Est. Cost $31.54 Unrealized +18.9%
FleetCor Technologies Inc. 0.8%
Value ($000) $5,781 Shares 20,158 Est. Cost $210.64 Unrealized
CNC Centene Corp. 0.7%
Value ($000) $5,644 Shares 130,467 Est. Cost $47.15 Unrealized +3.3%
HUM Humana Inc. 0.7%
Value ($000) $5,487 Shares 21,461 Est. Cost $132.39 Unrealized +100.2%
NSP Insperity, Inc. 0.7%
Value ($000) $5,460 Shares 55,366 Est. Cost $48.97 Unrealized +86.2%
META Facebook, Inc. 0.7%
Value ($000) $5,375 Shares 30,181 Est. Cost $157.93 Unrealized +19.5%
Kansas City Southern 0.7%
Value ($000) $5,351 Shares 40,230 Est. Cost $107.50 Unrealized
Canadian Pacific Railway Ltd. 0.7%
Value ($000) $5,282 Shares 23,742 Est. Cost $189.86 Unrealized
MKSI MKS Instruments Inc. 0.7%
Value ($000) $5,240 Shares 56,788 Est. Cost $35.80 Unrealized +119.7%
EBAY eBay Inc. 0.7%
Value ($000) $5,224 Shares 134,026 Est. Cost $36.01 Unrealized 0.0%
TOL Toll Brothers Inc. 0.7%
Value ($000) $5,220 Shares 127,166 Est. Cost $37.57 Unrealized -1.8%
EHC Encompass Health Corporation 0.7%
Value ($000) $5,218 Shares 82,457 Est. Cost $45.24 Unrealized +2.6%
NSC Norfolk Southern Corp. 0.7%
Value ($000) $5,159 Shares 28,715 Est. Cost $129.80 Unrealized +24.4%
ALLY Ally Financial Inc 0.7%
Value ($000) $5,058 Shares 152,536 Est. Cost $22.44 Unrealized +17.5%
Alexion Pharmaceuticals Inc. 0.6%
Value ($000) $4,949 Shares 50,532 Est. Cost $97.94 Unrealized
UHS Universal Health Services Inc. 0.6%
Value ($000) $4,937 Shares 33,193 Est. Cost $113.62 Unrealized +22.7%
UNP Union Pacific Corp. 0.6%
Value ($000) $4,907 Shares 30,292 Est. Cost $119.85 Unrealized +21.7%
YUM Yum Brands Inc 0.6%
Value ($000) $4,858 Shares 42,827 Est. Cost $79.13 Unrealized +28.3%
Genesee & Wyoming Inc. Cl A 0.6%
Value ($000) $4,819 Shares 43,607 Est. Cost $83.85 Unrealized
TNET TriNet Group, Inc. 0.6%
Value ($000) $4,804 Shares 77,248 Est. Cost $42.39 Unrealized +56.8%
LEN Lennar Corp. (Cl A) 0.6%
Value ($000) $4,764 Shares 85,307 Est. Cost $55.25 Unrealized -18.8%
AZO AutoZone Inc. 0.6%
Value ($000) $4,740 Shares 4,370 Est. Cost $736.13 Unrealized +52.3%
RHI Robert Half International Inc. 0.6%
Value ($000) $4,679 Shares 84,059 Est. Cost $55.34 Unrealized +1.9%
MMS Maximus Inc. 0.6%
Value ($000) $4,579 Shares 59,262 Est. Cost $67.99 Unrealized +11.7%
ASGN ASGN Inc. 0.6%
Value ($000) $4,570 Shares 72,701 Est. Cost $81.81 Unrealized -24.5%
KLAC KLA Corporation 0.6%
Value ($000) $4,535 Shares 28,441 Est. Cost $86.97 Unrealized +48.5%
TTEK Tetra Tech Inc. 0.6%
Value ($000) $4,397 Shares 50,684 Est. Cost $13.24 Unrealized +23.4%
MTH Meritage Homes Corp. 0.6%
Value ($000) $4,397 Shares 62,497 Est. Cost $19.84 Unrealized +57.4%
ICE Intercontinental Exchange, Inc 0.6%
Value ($000) $4,260 Shares 46,170 Est. Cost $74.98 Unrealized +12.1%
SPGI S&P Global Inc. 0.6%
Value ($000) $4,218 Shares 17,217 Est. Cost $206.56 Unrealized +14.7%
MCO Moody's Corp. 0.5%
Value ($000) $4,123 Shares 20,131 Est. Cost $179.45 Unrealized +10.7%
DRI Darden Restaurants Inc. 0.5%
Value ($000) $4,122 Shares 34,863 Est. Cost $88.51 Unrealized +15.5%
DAL Delta Air Lines Inc. 0.5%
Value ($000) $4,114 Shares 71,425 Est. Cost $46.78 Unrealized +21.2%
TUR iShares MSCI Turkey ETF 0.5%
Value ($000) $4,079 Shares 152,656 Est. Cost $23.82 Unrealized
MCD Mcdonalds Corp Com 0.5%
Value ($000) $4,071 Shares 18,962 Est. Cost $184.76 Unrealized 0.0%
UAL United Continental Holdings In 0.5%
Value ($000) $3,934 Shares 44,497 Est. Cost $84.40 Unrealized +4.7%
SBUX Starbucks Corp. 0.5%
Value ($000) $3,917 Shares 44,304 Est. Cost $80.64 Unrealized 0.0%
Global X MSCI Greece ETF 0.5%
Value ($000) $3,856 Shares 413,309 Est. Cost $9.56 Unrealized
IAC/InterActive Corp. 0.5%
Value ($000) $3,799 Shares 17,427 Est. Cost $210.12 Unrealized
VanEck Vectors Russia ETF 0.5%
Value ($000) $3,745 Shares 164,166 Est. Cost $23.63 Unrealized
Santander Consumer USA Holding 0.5%
Value ($000) $3,740 Shares 146,625 Est. Cost $19.24 Unrealized
ELV Anthem Inc 0.5%
Value ($000) $3,694 Shares 15,385 Est. Cost $130.95 Unrealized +91.9%
CNI Canadian National Railway Co. 0.5%
Value ($000) $3,674 Shares 40,890 Est. Cost $69.34 Unrealized +18.0%
EXPE Expedia Group, Inc. 0.5%
Value ($000) $3,654 Shares 27,185 Est. Cost $129.93 Unrealized 0.0%
LQD iShares iBoxx $ Investment Gra 0.5%
Value ($000) $3,595 Shares 28,203 Est. Cost $120.65 Unrealized
Celgene Corp. 0.4%
Value ($000) $3,279 Shares 33,022 Est. Cost $89.49 Unrealized
NXST Nexstar Media Group, Inc. Clas 0.4%
Value ($000) $3,217 Shares 31,440 Est. Cost $63.47 Unrealized +31.1%
GPI Group 1 Automotive Inc. 0.4%
Value ($000) $3,191 Shares 34,570 Est. Cost $68.15 Unrealized +20.7%
KBH KB Home 0.4%
Value ($000) $3,141 Shares 92,392 Est. Cost $25.37 Unrealized 0.0%
ETSY Etsy, Inc. 0.4%
Value ($000) $3,121 Shares 55,247 Est. Cost $58.80 Unrealized 0.0%
G Genpact Ltd. 0.4%
Value ($000) $3,047 Shares 78,641 Est. Cost $28.30 Unrealized +29.7%
NDAQ Nasdaq, Inc. 0.4%
Value ($000) $3,016 Shares 30,358 Est. Cost $27.79 Unrealized +9.0%
WU Western Union Co. 0.4%
Value ($000) $2,920 Shares 126,039 Est. Cost $18.89 Unrealized
WEN Wendy's Company 0.4%
Value ($000) $2,908 Shares 145,539 Est. Cost $17.16 Unrealized +16.2%
RDN Radian Group Inc. 0.4%
Value ($000) $2,868 Shares 125,579 Est. Cost $19.14 Unrealized 0.0%
MSCI MSCI Inc. Class A 0.4%
Value ($000) $2,710 Shares 12,445 Est. Cost $209.74 Unrealized +3.6%
SHY iShares 1-3 Year Treasury Bond 0.3%
Value ($000) $2,581 Shares 30,425 Est. Cost $83.96 Unrealized
CBRL Cracker Barrel Old Country Sto 0.3%
Value ($000) $2,477 Shares 15,232 Est. Cost $124.52 Unrealized +5.8%
EPU iShares MSCI Peru ETF 0.3%
Value ($000) $2,395 Shares 68,323 Est. Cost $36.45 Unrealized
WRLD World Acceptance Corp. 0.3%
Value ($000) $2,391 Shares 18,754 Est. Cost $56.03 Unrealized +152.5%
FDS FactSet Research Systems Inc. 0.3%
Value ($000) $2,366 Shares 9,738 Est. Cost $259.58 Unrealized +0.5%
MCHI iShares MSCI China ETF 0.3%
Value ($000) $2,152 Shares 38,379 Est. Cost $59.45 Unrealized
OMF OneMain Holdings, Inc. 0.3%
Value ($000) $2,144 Shares 58,440 Est. Cost $32.35 Unrealized +14.7%
EWH iShares MSCI Hong Kong ETF 0.3%
Value ($000) $2,037 Shares 89,756 Est. Cost $25.88 Unrealized
KLIC Kulicke & Soffa Industries, In 0.2%
Value ($000) $1,813 Shares 77,204 Est. Cost $18.37 Unrealized +7.3%
FLOT iShares Floating Rate Bond ETF 0.1%
Value ($000) $969 Shares 19,019 Est. Cost $50.93 Unrealized
MS Morgan Stanley 0.1%
Value ($000) $819 Shares 19,205 Est. Cost $35.02 Unrealized 0.0%
GS Goldman Sachs Group Inc. 0.1%
Value ($000) $812 Shares 3,920 Est. Cost $179.59 Unrealized 0.0%
FXB Invesco CurrencyShares British 0.1%
Value ($000) $739 Shares 6,194 Est. Cost $126.11 Unrealized
XLK Technology Select Sector SPDR 0.1%
Value ($000) $727 Shares 9,025 Est. Cost $69.76 Unrealized
PEP PepsiCo Inc. 0.1%
Value ($000) $714 Shares 5,210 Est. Cost $104.74 Unrealized +4.4%
ACN Accenture PLC 0.1%
Value ($000) $701 Shares 3,643 Est. Cost $81.04 Unrealized +117.8%
INTC Intel Corp. 0.1%
Value ($000) $699 Shares 13,573 Est. Cost $43.02 Unrealized 0.0%
IQV IQVIA Holdings Inc 0.1%
Value ($000) $688 Shares 4,605 Est. Cost $121.14 Unrealized +28.5%
MEDP Medpace Holdings, Inc. 0.1%
Value ($000) $604 Shares 7,188 Est. Cost $54.90 Unrealized +37.6%
ALL Allstate Corp. 0.1%
Value ($000) $603 Shares 5,549 Est. Cost $83.49 Unrealized +7.4%
XLC Communication Services Select 0.1%
Value ($000) $581 Shares 11,728 Est. Cost $43.89 Unrealized
Walgreens Boots Alliance Inc 0.1%
Value ($000) $567 Shares 10,247 Est. Cost $55.33 Unrealized
NTES NetEase, Inc. ADR 0.1%
Value ($000) $565 Shares 2,121 Est. Cost $266.38 Unrealized
CACI CACI International Inc. (Cl A) 0.1%
Value ($000) $560 Shares 2,420 Est. Cost $94.24 Unrealized +128.8%
IEFA iShares Core MSCI EAFE ETF 0.1%
Value ($000) $531 Shares 8,703 Est. Cost $60.84 Unrealized
TPH TRI Pointe Group Inc 0.1%
Value ($000) $526 Shares 34,941 Est. Cost $12.47 Unrealized +9.3%
XLY Consumer Discretionary Select 0.1%
Value ($000) $513 Shares 4,248 Est. Cost $107.13 Unrealized
IVV iShares S&P 500 Fund 0.1%
Value ($000) $497 Shares 1,666 Est. Cost $274.34 Unrealized
TRP TC Energy Corp 0.1%
Value ($000) $497 Shares 9,587 Est. Cost $34.25 Unrealized +5.2%
BIO Bio-Rad Laboratories Inc. (Cl 0.1%
Value ($000) $468 Shares 1,408 Est. Cost $268.31 Unrealized +21.6%
ARMK Aramark 0.1%
Value ($000) $448 Shares 10,282 Est. Cost $25.94 Unrealized 0.0%
Syneos Health, Inc. Class A 0.1%
Value ($000) $444 Shares 8,343 Est. Cost $39.39 Unrealized
LPLA LPL Financial Holdings Inc. 0.1%
Value ($000) $436 Shares 5,321 Est. Cost $80.03 Unrealized 0.0%
XLF Financial Select Sector SPDR F 0.1%
Value ($000) $435 Shares 15,545 Est. Cost $27.63 Unrealized
EPD Enterprise Products Partners L 0.1%
Value ($000) $429 Shares 15,014 Est. Cost $29.10 Unrealized
RJF Raymond James Financial Inc 0.1%
Value ($000) $428 Shares 5,192 Est. Cost $49.20 Unrealized 0.0%
CRH PLC (ADS) 0.1%
Value ($000) $421 Shares 12,249 Est. Cost $34.37 Unrealized
KR Kroger Co. 0.1%
Value ($000) $413 Shares 16,025 Est. Cost $20.29 Unrealized 0.0%
USFD US Foods Holding Corp. 0.1%
Value ($000) $411 Shares 9,996 Est. Cost $38.60 Unrealized 0.0%
YUMC Yum China Holdings, Inc. 0.1%
Value ($000) $408 Shares 8,982 Est. Cost $44.66 Unrealized 0.0%
ACGL Arch Capital Group Ltd. 0.1%
Value ($000) $402 Shares 9,583 Est. Cost $32.43 Unrealized +15.6%
VCSH Vanguard Short-Term Corporate 0.1%
Value ($000) $397 Shares 4,897 Est. Cost $79.04 Unrealized
SWKS Skyworks Solutions Inc 0.1%
Value ($000) $392 Shares 4,944 Est. Cost $68.44 Unrealized 0.0%
MAS Masco Corp. 0.1%
Value ($000) $390 Shares 9,363 Est. Cost $36.09 Unrealized 0.0%
SF Stifel Financial Corp. 0.1%
Value ($000) $384 Shares 6,689 Est. Cost $34.00 Unrealized 0.0%
CSGS CSG Systems International Inc. 0.0%
Value ($000) $368 Shares 7,126 Est. Cost $36.17 Unrealized +23.8%
FNF Fidelity National Financial, I 0.0%
Value ($000) $368 Shares 8,290 Est. Cost $28.17 Unrealized +11.2%
ManTech International Corp. (C 0.0%
Value ($000) $368 Shares 5,150 Est. Cost $63.30 Unrealized
OC Owens Corning 0.0%
Value ($000) $359 Shares 5,688 Est. Cost $57.24 Unrealized 0.0%
ET Energy Transfer, L.P. 0.0%
Value ($000) $358 Shares 27,375 Est. Cost $15.37 Unrealized
FAF First American Financial Corp. 0.0%
Value ($000) $351 Shares 5,942 Est. Cost $43.45 Unrealized +6.0%
PAA Plains All American Pipeline, 0.0%
Value ($000) $347 Shares 16,744 Est. Cost $24.51 Unrealized
ORI Old Republic International Cor 0.0%
Value ($000) $344 Shares 14,577 Est. Cost $12.59 Unrealized +5.9%
NNI Nelnet Inc 0.0%
Value ($000) $342 Shares 5,371 Est. Cost $58.54 Unrealized +9.5%
PRU Prudential Financial Inc. 0.0%
Value ($000) $331 Shares 3,679 Est. Cost $62.61 Unrealized +5.0%
Magellan Midstream Partners LP 0.0%
Value ($000) $319 Shares 4,809 Est. Cost $60.70 Unrealized
Phillips 66 Partners LP 0.0%
Value ($000) $318 Shares 5,615 Est. Cost $52.28 Unrealized
PGR Progressive Corp. 0.0%
Value ($000) $317 Shares 4,105 Est. Cost $63.47 Unrealized +1.8%
WIT Wipro Ltd. ADS 0.0%
Value ($000) $292 Shares 80,012 Est. Cost $4.95 Unrealized
BLDR Builders FirstSource, Inc. 0.0%
Value ($000) $285 Shares 13,830 Est. Cost $18.64 Unrealized 0.0%
AMWD American Woodmark Corporation 0.0%
Value ($000) $282 Shares 3,176 Est. Cost $82.61 Unrealized 0.0%
IEF iShares 7-10 Year Treasury Bon 0.0%
Value ($000) $278 Shares 2,475 Est. Cost $102.53 Unrealized
Universal Forest Products Inc. 0.0%
Value ($000) $276 Shares 6,913 Est. Cost $39.92 Unrealized
DIOD Diodes Inc. 0.0%
Value ($000) $276 Shares 6,872 Est. Cost $38.67 Unrealized 0.0%
NBIS Yandex NV Class A 0.0%
Value ($000) $274 Shares 7,813 Est. Cost $34.38 Unrealized
ECPG Encore Capital Group, Inc. 0.0%
Value ($000) $272 Shares 8,151 Est. Cost $37.88 Unrealized -7.3%
QUAL iShares Edge MSCI USA Quality 0.0%
Value ($000) $257 Shares 2,781 Est. Cost $91.56 Unrealized
IVW iShares S&P 500 Growth Index F 0.0%
Value ($000) $249 Shares 1,383 Est. Cost $179.22 Unrealized
ON ON Semiconductor Corp. 0.0%
Value ($000) $249 Shares 12,938 Est. Cost $19.23 Unrealized 0.0%
LNC Lincoln National Corp. 0.0%
Value ($000) $247 Shares 4,093 Est. Cost $41.05 Unrealized +7.4%
BIDU Baidu Inc. ADS 0.0%
Value ($000) $238 Shares 2,317 Est. Cost $164.80 Unrealized
SCHD Schwab US Dividend Equity ETF 0.0%
Value ($000) $205 Shares 3,746 Est. Cost $54.73 Unrealized
DXC DXC Technology Co. 0.0%
Value ($000) $204 Shares 6,920 Est. Cost $84.72 Unrealized -51.2%