Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q1 2021)

According to the SEC 13F filed on Aug 18, 2021, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2021. 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 2021, the filing reported:

New Buys - Equity

Increases - Apple Inc., Alerian MLP ETF, Biogen Inc., Bristol-Myers Squibb Company, Berkshire Hathaway Inc. New, and 12 more

Reductions - Broadcom Inc., Bread Financial Holdings, Inc., Cameco Corporation, Dow Inc., SPDR Gold Trust, and 7 more

Complete Exits - Baidu, Inc., Cognizant Technology Solutions , Gilead Sciences, 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 2021	AAPL Apple Inc.	Apple Inc.	Buy	+44	+0.1%	$11.96K	79,609
Q1 2021	AMLP Alerian MLP ETF	Alerian MLP ETF	Buy	+22,744	+8.8%	$9.10K	280,436
Q1 2021	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-10	-0.0%	$11.67K	24,370
Q1 2021	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-182	-0.1%	$11.22K	124,920
Q1 2021	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-27,033	-100.0%	$0.00	-
Q1 2021	BIIB Biogen Inc.	Biogen Inc.	Buy	+37	+0.2%	$6.36K	18,184
Q1 2021	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+281	+0.2%	$8.65K	125,419
Q1 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+56	+0.2%	$10.69K	36,975
Q1 2021	CCJ Cameco Corporation	Cameco Corporation	Sell	-8,776	-2.3%	$6.04K	375,775
Q1 2021	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Sell - Position Exit	-8,998	-100.0%	$0.00	-
Q1 2021	CVS CVS Health Corporation	CVS Health Corporation	Buy	+334	+0.3%	$9.39K	108,645
Q1 2021	DOW Dow Inc.	Dow Inc.	Sell	-7,811	-3.5%	$13.54K	217,319
Q1 2021	EQC Equity	Equity	Buy - Position Entry	+38,348	-	$1.01K	38,348
Q1 2021	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Buy	+3,485	+20.1%	$3.18K	20,853
Q1 2021	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell - Position Exit	-50,803	-100.0%	$0.00	-
Q1 2021	GLD SPDR Gold Trust	SPDR Gold Trust	Sell	-6,022	-12.7%	$6.93K	41,537
Q1 2021	KEX Kirby Corporation	Kirby Corporation	Sell	-52	-0.0%	$9.17K	164,851
Q1 2021	LEN Lennar Corporation	Lennar Corporation	Sell	-24,951	-26.8%	$7.14K	68,294
Q1 2021	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Buy	+110	+0.6%	$6.99K	19,319
Q1 2021	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-72	-0.1%	$13.83K	94,911
Q1 2021	MCK McKesson Corporation	McKesson Corporation	Sell	-5,507	-7.8%	$13.31K	65,548
Q1 2021	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+6	+0.0%	$13.10K	44,701
Q1 2021	MTH Meritage Homes Corporation	Meritage Homes Corporation	Sell	-21,951	-18.5%	$10.63K	96,637
Q1 2021	MTZ MasTec, Inc.	MasTec, Inc.	Sell	-38,136	-22.9%	$11.69K	128,634
Q1 2021	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+864	+0.3%	$7.29K	330,061
Q1 2021	PFE Pfizer, Inc.	Pfizer, Inc.	Buy	+640	+2.7%	$1.23K	24,379
Q1 2021	RGLD Royal Gold, Inc.	Royal Gold, Inc.	Buy	+4,426	+22.2%	$2.76K	24,350
Q1 2021	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+637	+0.2%	$14.06K	317,711
Q1 2021	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+48	+0.7%	$285.00	6,742
Q1 2021	SLB Schlumberger N.V.	Schlumberger N.V.	Buy	+130,966	+73.0%	$8.44K	310,376

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