Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q1 2015)

As of Mar 31, 2015, 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 2015, the filing reported:

New Buys - Genworth Financial Inc, Medtronic

Increases - American Airlines Group, Inc., Apple Inc., Celanese Corporation, Delta Air Lines, Inc., Discover Financial Services, and 12 more

Reductions - Asbury Automotive Group Inc, Allegiant Travel Company, American Axle & Manufacturing H, Bread Financial Holdings, Inc., Bristol-Myers Squibb Company, and 7 more

Complete Exits - American International Group, I, Citigroup, Inc., International Business Machines, Lattice Semiconductor Corporati, Oracle Corporation

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 2015	AAL American Airlines Group, Inc.	American Airlines Group, Inc.	Buy	+55	+0.0%	$6.50K	123,090
Q1 2015	AAPL Apple Inc.	Apple Inc.	Buy	+180	+0.1%	$18.79K	151,008
Q1 2015	ABG Asbury Automotive Group Inc	Asbury Automotive Group Inc	Sell	-2,145	-2.4%	$7.10K	85,460
Q1 2015	AIG American International Group, I	American International Group, I	Sell - Position Exit	-251,950	-100.0%	$0.00	-
Q1 2015	ALGT Allegiant Travel Company	Allegiant Travel Company	Sell	-13,769	-14.7%	$15.34K	79,771
Q1 2015	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Sell	-16,890	-2.0%	$21.09K	816,490
Q1 2015	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-130	-0.1%	$35.91K	121,200
Q1 2015	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-120	-0.1%	$13.69K	212,170
Q1 2015	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-145	-0.1%	$16.24K	112,530
Q1 2015	C Citigroup, Inc.	Citigroup, Inc.	Sell - Position Exit	-279,400	-100.0%	$0.00	-
Q1 2015	CE Celanese Corporation	Celanese Corporation	Buy	+50	+0.0%	$14.99K	268,285
Q1 2015	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+65	+0.0%	$11.94K	265,455
Q1 2015	DFS Discover Financial Services	Discover Financial Services	Buy	+68,075	+47.3%	$11.95K	212,145
Q1 2015	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-205	-0.1%	$21.46K	218,740
Q1 2015	GM General Motors Company	General Motors Company	Buy	+115	+0.2%	$2.61K	69,535
Q1 2015	GNW Genworth Financial Inc	Genworth Financial Inc	Buy - Position Entry	+24,400	-	$178.00	24,400
Q1 2015	HAL Halliburton Company	Halliburton Company	Buy	+100,000	+811.0%	$4.93K	112,330
Q1 2015	HBI Hanesbrands Inc.	Hanesbrands Inc.	Buy	+382,570	+299.4%	$17.10K	510,345
Q1 2015	IBM International Business Machines	International Business Machines	Sell - Position Exit	-5,090	-100.0%	$0.00	-
Q1 2015	ISSC Innovative Solutions and Suppor	Innovative Solutions and Suppor	Sell	-13,715	-3.7%	$1.37K	361,529
Q1 2015	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-2,975	-0.8%	$21.60K	356,560
Q1 2015	LNC Lincoln National Corporation	Lincoln National Corporation	Buy	+75	+0.0%	$17.71K	308,310
Q1 2015	LSCC Lattice Semiconductor Corporati	Lattice Semiconductor Corporati	Sell - Position Exit	-590,240	-100.0%	$0.00	-
Q1 2015	MDT Medtronic	Medtronic	Buy - Position Entry	+173,653	-	$13.54K	173,653
Q1 2015	MGNX MacroGenics, Inc.	MacroGenics, Inc.	Buy	+49,680	+297.0%	$2.08K	66,405
Q1 2015	MS Morgan Stanley	Morgan Stanley	Buy	+120	+0.0%	$11.42K	320,090
Q1 2015	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+100,070	+52.6%	$11.81K	290,385
Q1 2015	OLED Universal Display Corporation	Universal Display Corporation	Buy	+630	+0.3%	$9.92K	212,135
Q1 2015	ON ON Semiconductor Corporation	ON Semiconductor Corporation	Buy	+758,900	+149.3%	$15.35K	1,267,355
Q1 2015	ORCL Oracle Corporation	Oracle Corporation	Sell - Position Exit	-143,255	-100.0%	$0.00	-

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