Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Dec 06, 2023, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2023. 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 2023, the filing reported:

New Buys - BGC Group, Inc., Thermo Fisher Scientific Inc, United Rentals, Inc.

Increases - Apple Inc., Bristol-Myers Squibb Company, Dow Inc., Franco-Nevada Corporation, SPDR Gold Trust, and 13 more

Reductions - Broadcom Inc., Berkshire Hathaway Inc. New, EQT Corporation, Kirby Corporation, Microchip Technology Incorporat, and 2 more

Complete Exits - CVS Health Corporation, Exxon Mobil Corporation

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 2023	AAPL Apple Inc.	Apple Inc.	Buy	+1,114	+1.8%	$10.53M	61,484
Q3 2023	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-79	-0.5%	$13.25M	15,956
Q3 2023	BGC BGC Group, Inc.	BGC Group, Inc.	Buy - Position Entry	+1,695,392	-	$8.95M	1,695,392
Q3 2023	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+163	+0.1%	$7.53M	129,732
Q3 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-86	-0.2%	$13.16M	37,560
Q3 2023	CVS CVS Health Corporation	CVS Health Corporation	Sell - Position Exit	-110,695	-100.0%	$0.00	-
Q3 2023	DOW Dow Inc.	Dow Inc.	Buy	+2,165	+1.0%	$11.35M	220,058
Q3 2023	EQT EQT Corporation	EQT Corporation	Sell	-333	-0.1%	$18.07M	445,382
Q3 2023	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Buy	+28	+0.1%	$6.38M	47,811
Q3 2023	GLD SPDR Gold Trust	SPDR Gold Trust	Buy	+225	+1.2%	$3.21M	18,710
Q3 2023	H8817H100 Transocean	Transocean	Buy	+104,685	+12.2%	$7.89M	960,677
Q3 2023	KEX Kirby Corporation	Kirby Corporation	Sell	-297	-0.2%	$13.82M	166,908
Q3 2023	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-109	-0.1%	$8.71M	111,635
Q3 2023	MCK McKesson Corporation	McKesson Corporation	Sell	-58	-0.2%	$16.64M	38,267
Q3 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+336	+1.1%	$9.86M	31,228
Q3 2023	MTZ MasTec, Inc.	MasTec, Inc.	Buy	+1,858	+1.5%	$9.33M	129,677
Q3 2023	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+64	+0.0%	$12.35M	455,885
Q3 2023	OXY Occidental Petroleum Corporatio	Occidental Petroleum Corporatio	Buy	+540	+0.2%	$15.14M	233,412
Q3 2023	PHM PulteGroup, Inc.	PulteGroup, Inc.	Buy	+41,224	+75.6%	$7.09M	95,743
Q3 2023	RGLD Royal Gold, Inc.	Royal Gold, Inc.	Buy	+32	+0.1%	$6.05M	56,891
Q3 2023	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+125,320	+52.3%	$14.91M	365,051
Q3 2023	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+3,166	+50.0%	$430.30K	9,501
Q3 2023	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-433	-0.1%	$18.15M	311,302
Q3 2023	TGNA TEGNA Inc	TEGNA Inc	Buy	+222,103	+106.0%	$6.29M	431,541
Q3 2023	TMHC Taylor Morrison Home Corporatio	Taylor Morrison Home Corporatio	Buy	+65,148	+75.9%	$6.43M	150,937
Q3 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Buy - Position Entry	+450	-	$227.78K	450
Q3 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+8	+0.0%	$12.47M	24,738
Q3 2023	URI United Rentals, Inc.	United Rentals, Inc.	Buy - Position Entry	+14,823	-	$6.59M	14,823
Q3 2023	WAB Westinghouse Air Brake Technolo	Westinghouse Air Brake Technolo	Buy	+5,731	+10.4%	$6.49M	61,058
Q3 2023	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell - Position Exit	-1,952	-100.0%	$0.00	-