Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q1 2019)

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, 2019. 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 2019, the filing reported:

New Buys - Broadcom Inc., The Cigna Group, Enterprise Products Partners L., Morgan Stanley, Westinghouse Air Brake Technolo

Increases - None reported

Reductions - Apple Inc., Acuity Brands, Inc., AutoZone, Inc., Bread Financial Holdings, Inc., Biogen Inc., and 16 more

Complete Exits - Thor Industries, 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 2019	AAPL Apple Inc.	Apple Inc.	Sell	-27,097	-30.0%	$11.99K	63,143
Q1 2019	AVGO Broadcom Inc.	Broadcom Inc.	Buy - Position Entry	+26,747	-	$8.04K	26,747
Q1 2019	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Sell	-772	-1.8%	$5.17K	43,101
Q1 2019	AZO AutoZone, Inc.	AutoZone, Inc.	Sell	-204	-1.9%	$10.82K	10,570
Q1 2019	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-1,200	-1.7%	$12.05K	68,878
Q1 2019	BIIB Biogen Inc.	Biogen Inc.	Sell	-525	-2.9%	$4.22K	17,843
Q1 2019	CCJ Cameco Corporation	Cameco Corporation	Sell	-14,956	-1.7%	$9.99K	847,539
Q1 2019	CE Celanese Corporation	Celanese Corporation	Sell	-1,925	-1.9%	$9.74K	98,761
Q1 2019	CI The Cigna Group	The Cigna Group	Buy - Position Entry	+30,600	-	$4.92K	30,600
Q1 2019	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Sell	-1,592	-1.7%	$6.70K	92,460
Q1 2019	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-445	-0.4%	$5.92K	114,570
Q1 2019	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Buy - Position Entry	+25,184	-	$733.00	25,184
Q1 2019	FHI Federated Hermes, Inc.	Federated Hermes, Inc.	Sell	-4,266	-1.7%	$7.26K	247,669
Q1 2019	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-2,462	-1.8%	$8.64K	132,939
Q1 2019	GLD SPDR Gold Trust	SPDR Gold Trust	Sell	-1,183	-1.4%	$10.09K	82,688
Q1 2019	GME GameStop Corporation	GameStop Corporation	Sell	-26,699	-10.3%	$2.37K	232,937
Q1 2019	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-2,729	-2.8%	$7.92K	95,498
Q1 2019	MCK McKesson Corporation	McKesson Corporation	Sell	-1,142	-1.6%	$8.15K	69,600
Q1 2019	MS Morgan Stanley	Morgan Stanley	Buy - Position Entry	+10,805	-	$456.00	10,805
Q1 2019	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-35,626	-22.0%	$14.92K	126,476
Q1 2019	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-745	-2.8%	$1.09K	25,685
Q1 2019	PKW Invesco BuyBack Achievers ETF	Invesco BuyBack Achievers ETF	Sell	-3,170	-9.0%	$1.92K	32,193
Q1 2019	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Sell	-2,113	-0.8%	$10.45K	249,899
Q1 2019	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Sell	-791	-14.0%	$202.00	4,875
Q1 2019	THO Thor Industries, Inc.	Thor Industries, Inc.	Sell - Position Exit	-9,700	-100.0%	$0.00	-
Q1 2019	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-7,747	-13.3%	$12.48K	50,474
Q1 2019	WAB Westinghouse Air Brake Technolo	Westinghouse Air Brake Technolo	Buy - Position Entry	+52,695	-	$3.88K	52,695