Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q4 2020)

As of Dec 31, 2020, the Muhlenkamp & Co portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 11, 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 Q4 2020, the filing reported:

New Buys - Baidu, Inc., Franco-Nevada Corporation, Royal Gold, Inc., Schlumberger N.V., WESCO International, Inc.

Increases - Apple Inc., Alerian MLP ETF, Broadcom Inc., Bread Financial Holdings, Inc., Biogen Inc., and 19 more

Reductions - SPDR Gold Trust, Microchip Technology Incorporat, Pfizer, Inc.

Complete Exits - None reported

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 2020	AAPL Apple Inc.	Apple Inc.	Buy	+514	+0.7%	$10.56K	79,565
Q4 2020	AMLP Alerian MLP ETF	Alerian MLP ETF	Buy	+2,936	+1.2%	$6.61K	257,692
Q4 2020	AVGO Broadcom Inc.	Broadcom Inc.	Buy	+83	+0.3%	$10.68K	24,380
Q4 2020	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+831	+0.7%	$9.27K	125,102
Q4 2020	BIDU Baidu, Inc.	Baidu, Inc.	Buy - Position Entry	+27,033	-	$5.85K	27,033
Q4 2020	BIIB Biogen Inc.	Biogen Inc.	Buy	+94	+0.5%	$4.44K	18,147
Q4 2020	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+913	+0.7%	$7.76K	125,138
Q4 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+230	+0.6%	$8.56K	36,919
Q4 2020	CCJ Cameco Corporation	Cameco Corporation	Buy	+307	+0.1%	$5.15K	384,551
Q4 2020	CTSH Cognizant Technology Solutions	Cognizant Technology Solutions	Buy	+992	+12.4%	$737.00	8,998
Q4 2020	CVS CVS Health Corporation	CVS Health Corporation	Buy	+852	+0.8%	$7.40K	108,311
Q4 2020	DOW Dow Inc.	Dow Inc.	Buy	+16	+0.0%	$12.49K	225,130
Q4 2020	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Buy - Position Entry	+17,368	-	$2.18K	17,368
Q4 2020	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Buy	+643	+1.3%	$2.96K	50,803
Q4 2020	GLD SPDR Gold Trust	SPDR Gold Trust	Sell	-22,095	-31.7%	$8.48K	47,559
Q4 2020	KEX Kirby Corporation	Kirby Corporation	Buy	+78,408	+90.7%	$8.55K	164,903
Q4 2020	LEN Lennar Corporation	Lennar Corporation	Buy	+612	+0.7%	$7.11K	93,245
Q4 2020	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Buy	+170	+0.9%	$6.82K	19,209
Q4 2020	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-394	-0.4%	$13.12K	94,983
Q4 2020	MCK McKesson Corporation	McKesson Corporation	Buy	+204	+0.3%	$12.36K	71,055
Q4 2020	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+250	+0.6%	$9.94K	44,695
Q4 2020	MTH Meritage Homes Corporation	Meritage Homes Corporation	Buy	+366	+0.3%	$9.82K	118,588
Q4 2020	MTZ MasTec, Inc.	MasTec, Inc.	Buy	+294	+0.2%	$11.37K	166,770
Q4 2020	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+2,590	+0.8%	$7.46K	329,197
Q4 2020	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-28	-0.1%	$874.00	23,739
Q4 2020	RGLD Royal Gold, Inc.	Royal Gold, Inc.	Buy - Position Entry	+19,924	-	$2.12K	19,924
Q4 2020	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+124,388	+64.6%	$13.13K	317,074
Q4 2020	RUSHB Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+2,109	+46.0%	$254.00	6,694
Q4 2020	SLB Schlumberger N.V.	Schlumberger N.V.	Buy - Position Entry	+179,410	-	$3.92K	179,410
Q4 2020	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+144	+0.6%	$8.55K	24,378

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