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

According to the SEC 13F filed on Feb 11, 2021, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2020. 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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