Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q4 2015)

As of Dec 31, 2015, the Muhlenkamp & Co portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 06, 2026. 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 Q4 2015, the filing reported:

New Buys - Good Times Restaurants Inc., Kinder Morgan, Inc., Williams Companies, Inc. (The)

Increases - Apple Inc., Bristol-Myers Squibb Company, Spirit Airlines, Inc., Schlumberger N.V.

Reductions - American Axle & Manufacturing H, Bread Financial Holdings, Inc., Celanese Corporation, Gilead Sciences, Inc., Halliburton Company, and 8 more

Complete Exits - Asbury Automotive Group Inc, Energy Transfer LP, Genworth Financial Inc, Innovative Solutions and Suppor, Medtronic, and 3 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
Q4 2015	AAPL Apple Inc.	Apple Inc.	Buy	+249	+0.2%	$15.93K	151,323
Q4 2015	ABG Asbury Automotive Group Inc	Asbury Automotive Group Inc	Sell - Position Exit	-81,685	-100.0%	$0.00	-
Q4 2015	AXL American Axle & Manufacturing H	American Axle & Manufacturing H	Sell	-1,300	-10.3%	$214.00	11,300
Q4 2015	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-15	-0.0%	$33.53K	121,220
Q4 2015	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+5	+0.0%	$14.57K	211,755
Q4 2015	CE Celanese Corporation	Celanese Corporation	Sell	-35	-0.0%	$18.08K	268,535
Q4 2015	ET Energy Transfer LP	Energy Transfer LP	Sell - Position Exit	-15,634	-100.0%	$0.00	-
Q4 2015	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-15	-0.0%	$22.06K	217,975
Q4 2015	GNW Genworth Financial Inc	Genworth Financial Inc	Sell - Position Exit	-24,400	-100.0%	$0.00	-
Q4 2015	GTIM Good Times Restaurants Inc.	Good Times Restaurants Inc.	Buy - Position Entry	+13,935	-	$67.00	13,935
Q4 2015	HAL Halliburton Company	Halliburton Company	Sell	-900	-0.9%	$3.40K	100,000
Q4 2015	HBI Hanesbrands Inc.	Hanesbrands Inc.	Sell	-40	-0.0%	$11.81K	401,250
Q4 2015	ISSC Innovative Solutions and Suppor	Innovative Solutions and Suppor	Sell - Position Exit	-178,179	-100.0%	$0.00	-
Q4 2015	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-65	-0.0%	$23.55K	356,620
Q4 2015	KMI Kinder Morgan, Inc.	Kinder Morgan, Inc.	Buy - Position Entry	+14,570	-	$217.00	14,570
Q4 2015	MDT Medtronic	Medtronic	Sell - Position Exit	-173,364	-100.0%	$0.00	-
Q4 2015	MGNX MacroGenics, Inc.	MacroGenics, Inc.	Sell	-90	-0.1%	$2.06K	66,410
Q4 2015	MS Morgan Stanley	Morgan Stanley	Sell	-90	-0.0%	$10.19K	320,475
Q4 2015	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-2,062	-0.7%	$16.01K	288,613
Q4 2015	OLED Universal Display Corporation	Universal Display Corporation	Sell	-59,995	-32.1%	$6.90K	126,765
Q4 2015	ON ON Semiconductor Corporation	ON Semiconductor Corporation	Sell	-1,900	-0.1%	$12.42K	1,267,700
Q4 2015	PAAS Pan American Silver Corp.	Pan American Silver Corp.	Sell - Position Exit	-10,360	-100.0%	$0.00	-
Q4 2015	PACB Pacific Biosciences of Californ	Pacific Biosciences of Californ	Sell - Position Exit	-11,125	-100.0%	$0.00	-
Q4 2015	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-2,050	-12.3%	$259.00	14,550
Q4 2015	SAVE Spirit Airlines, Inc.	Spirit Airlines, Inc.	Buy	+21,356	+12.4%	$7.70K	193,105
Q4 2015	SLB Schlumberger N.V.	Schlumberger N.V.	Buy	+205	+0.3%	$4.17K	59,805
Q4 2015	STT State Street Corporation	State Street Corporation	Sell - Position Exit	-135,712	-100.0%	$0.00	-
Q4 2015	WMB Williams Companies, Inc. (The)	Williams Companies, Inc. (The)	Buy - Position Entry	+8,365	-	$215.00	8,365