Ronald Muhlenkamp – Muhlenkamp & Co Portfolio Activity & Recent Trades (Mar 31, 2026)
As of Mar 31, 2026, the Muhlenkamp & Co portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 06, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q1 2026, the filing reported:
Increases – Celanese Corporation, Equinox Gold Corp., LyondellBasell, Microchip Technology Incorporat, McKesson Corporation, and 6 more
Reductions – Apple Inc., Agnico Eagle Mines Limited, Alerian MLP ETF, BGC Group, Inc., Berkshire Hathaway Inc. New, and 8 more
Complete Exits – First, Chart Industries, Inc., JD.com, Inc., Royal Caribbean
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q1 2026 | AAPL Apple Inc. | Apple Inc. | Sell | -114 | -0.2% | $15.88M | 62,559 |
Q1 2026 | AEM Agnico Eagle Mines Limited | Agnico Eagle Mines Limited | Sell | -12,723 | -8.4% | $28.13M | 138,588 |
Q1 2026 | AMLP Alerian MLP ETF | Alerian MLP ETF | Sell | -26,106 | -14.8% | $7.93M | 150,615 |
Q1 2026 | BGC BGC Group, Inc. | BGC Group, Inc. | Sell | -307,798 | -17.6% | $14.12M | 1,443,941 |
Q1 2026 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -29 | -0.1% | $18.38M | 38,351 |
Q1 2026 | CE Celanese Corporation | Celanese Corporation | Buy | +26,345 | +14.3% | $13.86M | 210,800 |
Q1 2026 | EQT EQT Corporation | EQT Corporation | Sell | -49,721 | -11.0% | $25.54M | 401,242 |
Q1 2026 | EQX Equinox Gold Corp. | Equinox Gold Corp. | Buy | +4,962 | +1.0% | $7.51M | 519,219 |
Q1 2026 | FCF First | First | Sell - Position Exit | -10,154 | -100.0% | $0.00 | - |
Q1 2026 | FRDM Freedom 100 Emerging Markets ET | Freedom 100 Emerging Markets ET | Buy - Position Entry | +236,825 | - | $12.94M | 236,825 |
Q1 2026 | GLD SPDR Gold Trust | SPDR Gold Trust | Sell | -159 | -0.7% | $9.50M | 22,083 |
Q1 2026 | GTLS Chart Industries, Inc. | Chart Industries, Inc. | Sell - Position Exit | -7,924 | -100.0% | $0.00 | - |
Q1 2026 | ICLR ICON | ICON | Sell | -7,462 | -10.2% | $7.30M | 66,005 |
Q1 2026 | JD JD.com, Inc. | JD.com, Inc. | Sell - Position Exit | -181,412 | -100.0% | $0.00 | - |
Q1 2026 | LYB LyondellBasell | LyondellBasell | Buy | +3,084 | +1.7% | $15.08M | 187,159 |
Q1 2026 | MCHP Microchip Technology Incorporat | Microchip Technology Incorporat | Buy | +1,232 | +0.6% | $13.11M | 202,985 |
Q1 2026 | MCK McKesson Corporation | McKesson Corporation | Buy | +61 | +0.2% | $23.51M | 27,169 |
Q1 2026 | MSFT Microsoft Corporation | Microsoft Corporation | Buy | +590 | +1.8% | $12.19M | 32,937 |
Q1 2026 | MTZ MasTec, Inc. | MasTec, Inc. | Sell | -62,954 | -59.5% | $13.78M | 42,832 |
Q1 2026 | NEM Newmont Corporation | Newmont Corporation | Sell | -52,761 | -18.6% | $25.03M | 231,182 |
Q1 2026 | NMIH NMI Holdings Inc | NMI Holdings Inc | Sell | -100,128 | -21.5% | $13.74M | 366,219 |
Q1 2026 | RCL Royal Caribbean | Royal Caribbean | Sell - Position Exit | -2,671 | -100.0% | $0.00 | - |
Q1 2026 | RGLD Royal Gold, Inc. | Royal Gold, Inc. | Buy | +307 | +0.4% | $22.37M | 87,892 |
Q1 2026 | RUSHA Rush Enterprises, Inc. | Rush Enterprises, Inc. | Sell | -42,146 | -11.3% | $21.94M | 331,905 |
Q1 2026 | RUSHB Rush Enterprises, Inc. | Rush Enterprises, Inc. | Sell | -47 | -0.5% | $608.37K | 9,454 |
Q1 2026 | SLB Schlumberger N.V. | Schlumberger N.V. | Buy | +2,433 | +0.8% | $16.56M | 322,171 |
Q1 2026 | TMHC Taylor Morrison Home Corporatio | Taylor Morrison Home Corporatio | Buy | +1,208 | +0.8% | $9.24M | 158,606 |
Q1 2026 | URI United Rentals, Inc. | United Rentals, Inc. | Buy | +80 | +0.5% | $11.37M | 15,603 |
Q1 2026 | WAB Westinghouse Air Brake Technolo | Westinghouse Air Brake Technolo | Buy | +125 | +0.2% | $15.78M | 63,155 |
Q1 2026 | XOM Exxon Mobil Corporation | Exxon Mobil Corporation | Buy - Position Entry | +1,640 | - | $278.24K | 1,640 |