Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q1 2017)

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, 2017. 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 2017, the filing reported:

New Buys - Coterra Energy Inc., Microchip Technology Incorporat

Increases - Biogen Inc., Cameco Corporation, Gilead Sciences, Inc., Hanesbrands Inc., LyondellBasell

Reductions - Apple Inc., AllianceBernstein Holding L.P., Allegiant Travel Company, American Axle & Manufacturing H, Bread Financial Holdings, Inc., and 21 more

Complete Exits - Community Health Systems, Inc., Halliburton Company, Kinder Morgan, 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 2017	AAPL Apple Inc.	Apple Inc.	Sell	-2,415	-1.6%	$21.06K	146,597
Q1 2017	AB AllianceBernstein Holding L.P.	AllianceBernstein Holding L.P.	Sell	-900	-7.5%	$255.00	11,150
Q1 2017	ALGT Allegiant Travel Company	Allegiant Travel Company	Sell	-19,018	-55.3%	$2.46K	15,372
Q1 2017	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Sell	-900	-3.7%	$438.00	23,300
Q1 2017	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-2,252	-1.9%	$29.12K	116,952
Q1 2017	BIIB Biogen Inc.	Biogen Inc.	Buy	+1,525	+6.6%	$6.78K	24,804
Q1 2017	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-3,351	-1.9%	$9.55K	175,610
Q1 2017	CCJ Cameco Corporation	Cameco Corporation	Buy	+299,375	+54.3%	$9.42K	850,767
Q1 2017	CE Celanese Corporation	Celanese Corporation	Sell	-2,395	-2.0%	$10.80K	120,225
Q1 2017	CTRA Coterra Energy Inc.	Coterra Energy Inc.	Buy - Position Entry	+15,000	-	$359.00	15,000
Q1 2017	CYH Community Health Systems, Inc.	Community Health Systems, Inc.	Sell - Position Exit	-372,415	-100.0%	$0.00	-
Q1 2017	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-2,725	-2.0%	$5.99K	130,245
Q1 2017	FHI Federated Hermes, Inc.	Federated Hermes, Inc.	Sell	-5,905	-2.0%	$7.74K	293,961
Q1 2017	G9456A100 Golar LNG	Golar LNG	Sell	-1,610	-9.2%	$444.00	15,900
Q1 2017	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Buy	+9,035	+4.2%	$15.08K	222,030
Q1 2017	GLD SPDR Gold Trust	SPDR Gold Trust	Sell	-2,110	-2.5%	$9.89K	83,335
Q1 2017	GME GameStop Corporation	GameStop Corporation	Sell	-11,014	-4.2%	$5.68K	252,110
Q1 2017	HAL Halliburton Company	Halliburton Company	Sell - Position Exit	-100,000	-100.0%	$0.00	-
Q1 2017	HBI Hanesbrands Inc.	Hanesbrands Inc.	Buy	+20,779	+4.5%	$10.10K	486,655
Q1 2017	KMI Kinder Morgan, Inc.	Kinder Morgan, Inc.	Sell - Position Exit	-14,570	-100.0%	$0.00	-
Q1 2017	LYB LyondellBasell	LyondellBasell	Buy	+300	+11.5%	$264.00	2,900
Q1 2017	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Buy - Position Entry	+97,715	-	$7.21K	97,715
Q1 2017	MCK McKesson Corporation	McKesson Corporation	Sell	-1,693	-2.4%	$10.39K	70,074
Q1 2017	MGNX MacroGenics, Inc.	MacroGenics, Inc.	Sell	-2,288	-17.9%	$196.00	10,515
Q1 2017	MS Morgan Stanley	Morgan Stanley	Sell	-700	-10.8%	$249.00	5,805
Q1 2017	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-3,490	-1.5%	$15.12K	229,523
Q1 2017	OLED Universal Display Corporation	Universal Display Corporation	Sell	-17,700	-23.5%	$4.96K	57,560
Q1 2017	ON ON Semiconductor Corporation	ON Semiconductor Corporation	Sell	-24,230	-1.9%	$18.93K	1,221,775
Q1 2017	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-4,965	-14.6%	$993.00	29,019
Q1 2017	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Sell	-132,990	-34.5%	$8.34K	252,012

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