Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q2 2020)

As of Jun 30, 2020, the Muhlenkamp & Co portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 20, 2020. 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 Q2 2020, the filing reported:

New Buys - Alerian MLP ETF, MasTec, Inc., NMI Holdings Inc

Increases - Broadcom Inc., Bread Financial Holdings, Inc., Biogen Inc., Bristol-Myers Squibb Company, Berkshire Hathaway Inc. New, and 7 more

Reductions - Apple Inc., Cameco Corporation, Cognizant Technology Solutions , SPDR Gold Trust, Lockheed Martin Corporation, and 5 more

Complete Exits - Acuity Brands, Inc., AutoZone, Inc., Celanese Corporation, The Cigna Group, Delta Air Lines, Inc., and 2 more

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
Q2 2020	AAPL Apple Inc.	Apple Inc.	Sell	-19,771	-33.6%	$14.27K	39,103
Q2 2020	AMLP Alerian MLP ETF	Alerian MLP ETF	Buy - Position Entry	+252,487	-	$6.23K	252,487
Q2 2020	AVGO Broadcom Inc.	Broadcom Inc.	Buy	+35	+0.1%	$7.62K	24,153
Q2 2020	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Sell - Position Exit	-42,970	-100.0%	$0.00	-
Q2 2020	AZO AutoZone, Inc.	AutoZone, Inc.	Sell - Position Exit	-3,835	-100.0%	$0.00	-
Q2 2020	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+55,239	+81.7%	$5.54K	122,886
Q2 2020	BIIB Biogen Inc.	Biogen Inc.	Buy	+63	+0.4%	$4.77K	17,831
Q2 2020	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+50	+0.0%	$7.25K	123,273
Q2 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+86	+0.2%	$6.50K	36,404
Q2 2020	CCJ Cameco Corporation	Cameco Corporation	Sell	-551	-0.1%	$3.89K	379,581
Q2 2020	CE Celanese Corporation	Celanese Corporation	Sell - Position Exit	-49,326	-100.0%	$0.00	-
Q2 2020	CI The Cigna Group	The Cigna Group	Sell - Position Exit	-31,131	-100.0%	$0.00	-
Q2 2020	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Sell	-486	-7.5%	$340.00	5,981
Q2 2020	CVS CVS Health Corporation	CVS Health Corporation	Buy	+34	+0.0%	$6.92K	106,548
Q2 2020	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell - Position Exit	-114,371	-100.0%	$0.00	-
Q2 2020	DOW Dow Inc.	Dow Inc.	Buy	+75,343	+50.6%	$9.14K	224,184
Q2 2020	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Buy	+9,940	+25.2%	$3.80K	49,415
Q2 2020	GLD SPDR Gold Trust	SPDR Gold Trust	Sell	-13,439	-16.2%	$11.65K	69,589
Q2 2020	LEN Lennar Corporation	Lennar Corporation	Buy	+179	+0.2%	$5.68K	92,239
Q2 2020	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Sell	-5	-0.0%	$6.89K	18,884
Q2 2020	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-72	-0.1%	$10.00K	94,993
Q2 2020	MCK McKesson Corporation	McKesson Corporation	Sell	-2	-0.0%	$10.82K	70,539
Q2 2020	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-19,125	-18.8%	$16.79K	82,497
Q2 2020	MTH Meritage Homes Corporation	Meritage Homes Corporation	Buy	+428	+0.4%	$9.00K	118,187
Q2 2020	MTZ MasTec, Inc.	MasTec, Inc.	Buy - Position Entry	+92,351	-	$4.14K	92,351
Q2 2020	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy - Position Entry	+322,516	-	$5.19K	322,516
Q2 2020	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-1,092	-4.4%	$782.00	23,922
Q2 2020	PKW Invesco BuyBack Achievers ETF	Invesco BuyBack Achievers ETF	Sell - Position Exit	-64,195	-100.0%	$0.00	-
Q2 2020	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Sell	-58,381	-23.4%	$7.94K	191,608
Q2 2020	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Sell - Position Exit	-4,430	-100.0%	$0.00	-

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