Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q3 2014)

According to the SEC 13F filed on Aug 18, 2026, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2014. 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 Q3 2014, the filing reported:

New Buys - AllianceBernstein Holding L.P., DoubleLine Income Solutions Fun, MacroGenics, Inc., ON Semiconductor Corporation, Pan American Silver Corp.

Increases - Apple Inc., American Axle & Manufacturing H, Clean Energy Fuels Corp., Gilead Sciences, Inc., Halliburton Company, and 8 more

Reductions - Asbury Automotive Group Inc, American International Group, I, Allegiant Travel Company, Bristol-Myers Squibb Company, Berkshire Hathaway Inc. New, and 8 more

Complete Exits - KBR, 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
Q3 2014	AAPL Apple Inc.	Apple Inc.	Buy	+3,215	+3.3%	$10.06K	99,829
Q3 2014	AB AllianceBernstein Holding L.P.	AllianceBernstein Holding L.P.	Buy - Position Entry	+11,550	-	$300.00	11,550
Q3 2014	ABG Asbury Automotive Group Inc	Asbury Automotive Group Inc	Sell	-20,400	-14.2%	$7.96K	123,500
Q3 2014	AIG American International Group, I	American International Group, I	Sell	-25,330	-6.7%	$19.20K	355,415
Q3 2014	ALGT Allegiant Travel Company	Allegiant Travel Company	Sell	-1,000	-1.1%	$11.57K	93,540
Q3 2014	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Buy	+34,000	+5.9%	$10.22K	609,545
Q3 2014	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-285	-0.1%	$10.88K	212,485
Q3 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-5,000	-4.2%	$15.59K	112,825
Q3 2014	C Citigroup, Inc.	Citigroup, Inc.	Sell	-10,370	-3.0%	$17.10K	330,055
Q3 2014	CLNE Clean Energy Fuels Corp.	Clean Energy Fuels Corp.	Buy	+2,585	+0.3%	$6.92K	886,845
Q3 2014	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Sell	-500	-0.1%	$27.31K	755,415
Q3 2014	DSL DoubleLine Income Solutions Fun	DoubleLine Income Solutions Fun	Buy - Position Entry	+15,080	-	$326.00	15,080
Q3 2014	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Buy	+61,635	+42.6%	$21.97K	206,350
Q3 2014	GM General Motors Company	General Motors Company	Sell	-1,000	-0.4%	$7.20K	225,310
Q3 2014	HAL Halliburton Company	Halliburton Company	Buy	+2,800	+1.1%	$16.19K	250,935
Q3 2014	HBI Hanesbrands Inc.	Hanesbrands Inc.	Buy	+49,520	+62.9%	$13.79K	128,310
Q3 2014	ISSC Innovative Solutions and Suppor	Innovative Solutions and Suppor	Buy	+3,105	+0.8%	$2.11K	403,794
Q3 2014	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+3,000	+0.7%	$27.71K	460,045
Q3 2014	KBR KBR, Inc.	KBR, Inc.	Sell - Position Exit	-46,655	-100.0%	$0.00	-
Q3 2014	LSCC Lattice Semiconductor Corporati	Lattice Semiconductor Corporati	Buy	+43,100	+7.9%	$4.43K	590,980
Q3 2014	MGNX MacroGenics, Inc.	MacroGenics, Inc.	Buy - Position Entry	+16,975	-	$355.00	16,975
Q3 2014	MS Morgan Stanley	Morgan Stanley	Buy	+5,000	+1.6%	$11.06K	319,970
Q3 2014	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-192,385	-49.0%	$9.28K	200,190
Q3 2014	OLED Universal Display Corporation	Universal Display Corporation	Buy	+3,000	+1.4%	$6.91K	211,720
Q3 2014	ON ON Semiconductor Corporation	ON Semiconductor Corporation	Buy - Position Entry	+308,455	-	$2.76K	308,455
Q3 2014	PAAS Pan American Silver Corp.	Pan American Silver Corp.	Buy - Position Entry	+20,210	-	$222.00	20,210
Q3 2014	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-1,520	-3.7%	$1.17K	39,499
Q3 2014	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-144,435	-83.8%	$493.00	27,900
Q3 2014	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+8,000	+9.4%	$2.75K	93,502
Q3 2014	SAH Sonic Automotive, Inc.	Sonic Automotive, Inc.	Sell	-6,000	-1.0%	$13.99K	570,990

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