Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q1 2014)

According to the SEC 13F filed on Aug 18, 2026, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. 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 2014, the filing reported:

New Buys - Bristol-Myers Squibb Company

Increases - Apple Inc., Allegiant Travel Company, Capital One Financial Corporati, Hanesbrands Inc., JP Morgan Chase & Co., and 7 more

Reductions - AllianceBernstein Holding L.P., Asbury Automotive Group Inc, American International Group, I, American Axle & Manufacturing H, Bread Financial Holdings, Inc., and 20 more

Complete Exits - Cirrus Logic, Inc., Philip Morris International Inc

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 2014	AAPL Apple Inc.	Apple Inc.	Buy	+231	+1.6%	$7.72K	14,384
Q1 2014	AB AllianceBernstein Holding L.P.	AllianceBernstein Holding L.P.	Sell	-3,890	-25.2%	$288.00	11,550
Q1 2014	ABG Asbury Automotive Group Inc	Asbury Automotive Group Inc	Sell	-59,700	-26.1%	$9.36K	169,150
Q1 2014	AIG American International Group, I	American International Group, I	Sell	-400	-0.1%	$18.99K	379,680
Q1 2014	ALGT Allegiant Travel Company	Allegiant Travel Company	Buy	+1,330	+1.4%	$10.57K	94,440
Q1 2014	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Sell	-390	-0.1%	$11.25K	607,250
Q1 2014	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-10,371	-5.7%	$46.63K	171,139
Q1 2014	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy - Position Entry	+212,015	-	$11.01K	212,015
Q1 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-285	-0.2%	$14.66K	117,350
Q1 2014	C Citigroup, Inc.	Citigroup, Inc.	Sell	-790	-0.2%	$16.20K	340,355
Q1 2014	CLNE Clean Energy Fuels Corp.	Clean Energy Fuels Corp.	Sell	-475	-0.1%	$7.88K	881,000
Q1 2014	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy	+495	+0.9%	$4.07K	52,755
Q1 2014	CRUS Cirrus Logic, Inc.	Cirrus Logic, Inc.	Sell - Position Exit	-115,805	-100.0%	$0.00	-
Q1 2014	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-3,520	-2.1%	$3.63K	162,079
Q1 2014	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-1,920	-0.3%	$26.07K	752,495
Q1 2014	DFS Discover Financial Services	Discover Financial Services	Sell	-1,240	-2.7%	$2.56K	43,930
Q1 2014	DSL DoubleLine Income Solutions Fun	DoubleLine Income Solutions Fun	Sell	-3,275	-17.8%	$320.00	15,080
Q1 2014	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-780	-0.4%	$13.61K	192,015
Q1 2014	GM General Motors Company	General Motors Company	Sell	-565	-0.1%	$16.22K	471,330
Q1 2014	GMED Globus Medical, Inc.	Globus Medical, Inc.	Sell	-61,395	-54.4%	$1.37K	51,480
Q1 2014	HAL Halliburton Company	Halliburton Company	Sell	-120	-0.0%	$14.74K	250,230
Q1 2014	HBI Hanesbrands Inc.	Hanesbrands Inc.	Buy	+28,770	+58.6%	$5.96K	77,885
Q1 2014	IBM International Business Machines	International Business Machines	Sell	-450	-7.4%	$1.08K	5,600
Q1 2014	ISSC Innovative Solutions and Suppor	Innovative Solutions and Suppor	Sell	-1,525	-0.4%	$3.02K	400,689
Q1 2014	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+2,225	+0.5%	$27.87K	459,045
Q1 2014	KBR KBR, Inc.	KBR, Inc.	Buy	+685	+0.4%	$4.79K	179,430
Q1 2014	LNC Lincoln National Corporation	Lincoln National Corporation	Buy	+710	+0.2%	$15.61K	307,990
Q1 2014	LSCC Lattice Semiconductor Corporati	Lattice Semiconductor Corporati	Sell	-69,330	-10.4%	$4.67K	594,980
Q1 2014	MS Morgan Stanley	Morgan Stanley	Buy	+307,370	+2547.6%	$9.96K	319,435
Q1 2014	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-175,370	-31.0%	$16.02K	390,695

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