Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q3 2021)

According to the SEC 13F filed on Dec 10, 2021, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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 Q3 2021, the filing reported:

New Buys - Equity

Increases - None reported

Reductions - Apple Inc., Alerian MLP ETF, Broadcom Inc., Bread Financial Holdings, Inc., Bristol-Myers Squibb Company, and 21 more

Complete Exits - Biogen 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 2021	AAPL Apple Inc.	Apple Inc.	Sell	-133	-0.2%	$11.27K	79,609
Q3 2021	AMLP Alerian MLP ETF	Alerian MLP ETF	Sell	-451	-0.2%	$9.35K	280,436
Q3 2021	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-41	-0.2%	$11.82K	24,370
Q3 2021	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-215	-0.2%	$12.60K	124,920
Q3 2021	BIIB Biogen Inc.	Biogen Inc.	Sell - Position Exit	-18,218	-100.0%	$0.00	-
Q3 2021	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-204	-0.2%	$7.42K	125,419
Q3 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-58	-0.2%	$10.09K	36,975
Q3 2021	CCJ Cameco Corporation	Cameco Corporation	Sell	-3,810	-1.0%	$8.17K	375,775
Q3 2021	CVS CVS Health Corporation	CVS Health Corporation	Sell	-189	-0.2%	$9.22K	108,645
Q3 2021	DOW Dow Inc.	Dow Inc.	Sell	-393	-0.2%	$12.51K	217,319
Q3 2021	EQC Equity	Equity	Buy - Position Entry	+112,943	-	$2.93K	112,943
Q3 2021	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Sell	-29	-0.1%	$2.71K	20,853
Q3 2021	GLD SPDR Gold Trust	SPDR Gold Trust	Sell	-125	-0.3%	$6.82K	41,512
Q3 2021	KEX Kirby Corporation	Kirby Corporation	Sell	-275	-0.2%	$7.91K	164,851
Q3 2021	LEN Lennar Corporation	Lennar Corporation	Sell	-114	-0.2%	$6.40K	68,294
Q3 2021	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Sell	-30	-0.2%	$6.67K	19,319
Q3 2021	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-180	-0.2%	$14.57K	94,911
Q3 2021	MCK McKesson Corporation	McKesson Corporation	Sell	-83	-0.1%	$13.07K	65,548
Q3 2021	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-75	-0.2%	$12.60K	44,701
Q3 2021	MTH Meritage Homes Corporation	Meritage Homes Corporation	Sell	-164	-0.2%	$9.37K	96,637
Q3 2021	MTZ MasTec, Inc.	MasTec, Inc.	Sell	-541	-0.4%	$11.10K	128,634
Q3 2021	NMIH NMI Holdings Inc	NMI Holdings Inc	Sell	-547	-0.2%	$7.46K	330,061
Q3 2021	RGLD Royal Gold, Inc.	Royal Gold, Inc.	Sell	-33	-0.1%	$2.33K	24,350
Q3 2021	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Sell	-232	-3.3%	$309.00	6,742
Q3 2021	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-525	-0.2%	$9.20K	310,376
Q3 2021	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-41	-0.2%	$9.54K	24,412
Q3 2021	WAB Westinghouse Air Brake Technolo	Westinghouse Air Brake Technolo	Sell	-82	-0.1%	$4.76K	55,276
Q3 2021	WCC WESCO International, Inc.	WESCO International, Inc.	Sell	-218	-0.2%	$15.06K	130,575