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

According to the SEC 13F filed on Aug 20, 2020, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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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