Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q4 2023)

As of Dec 31, 2023, the Muhlenkamp & Co portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Jan 08, 2024. 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 2023, the filing reported:

New Buys - Newmont Corporation

Increases - BGC Group, Inc., Bristol-Myers Squibb Company, Berkshire Hathaway Inc. New, Dow Inc., EQT Corporation, and 16 more

Reductions - Apple Inc., Broadcom Inc., Microsoft Corporation

Complete Exits - Franco-Nevada Corporation, SPDR S&P Regional Banking ETF, Thermo Fisher Scientific 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
Q4 2023	AAPL Apple Inc.	Apple Inc.	Sell	-1,050	-1.7%	$11.64M	60,434
Q4 2023	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-325	-2.0%	$17.45M	15,631
Q4 2023	BGC BGC Group, Inc.	BGC Group, Inc.	Buy	+16,535	+1.0%	$12.36M	1,711,927
Q4 2023	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+2,028	+1.6%	$6.76M	131,760
Q4 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+289	+0.8%	$13.50M	37,849
Q4 2023	DOW Dow Inc.	Dow Inc.	Buy	+1,874	+0.9%	$12.17M	221,932
Q4 2023	EQT EQT Corporation	EQT Corporation	Buy	+2,370	+0.5%	$17.31M	447,752
Q4 2023	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Sell - Position Exit	-47,811	-100.0%	$0.00	-
Q4 2023	GLD SPDR Gold Trust	SPDR Gold Trust	Buy	+411	+2.2%	$3.66M	19,121
Q4 2023	H8817H100 Transocean	Transocean	Buy	+16,081	+1.7%	$6.20M	976,758
Q4 2023	KEX Kirby Corporation	Kirby Corporation	Buy	+1,299	+0.8%	$13.20M	168,207
Q4 2023	KRE SPDR S&P Regional Banking ETF	SPDR S&P Regional Banking ETF	Sell - Position Exit	-249,235	-100.0%	$0.00	-
Q4 2023	MCK McKesson Corporation	McKesson Corporation	Buy	+215	+0.6%	$17.82M	38,482
Q4 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-300	-1.0%	$11.63M	30,928
Q4 2023	MTZ MasTec, Inc.	MasTec, Inc.	Buy	+1,332	+1.0%	$9.92M	131,009
Q4 2023	NEM Newmont Corporation	Newmont Corporation	Buy - Position Entry	+143,601	-	$5.94M	143,601
Q4 2023	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+3,648	+0.8%	$13.64M	459,533
Q4 2023	OXY Occidental Petroleum Corporatio	Occidental Petroleum Corporatio	Buy	+1,707	+0.7%	$14.04M	235,119
Q4 2023	PHM PulteGroup, Inc.	PulteGroup, Inc.	Buy	+825	+0.9%	$9.97M	96,568
Q4 2023	RGLD Royal Gold, Inc.	Royal Gold, Inc.	Buy	+594	+1.0%	$6.95M	57,485
Q4 2023	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+2,662	+0.7%	$18.50M	367,713
Q4 2023	SLB Schlumberger N.V.	Schlumberger N.V.	Buy	+1,943	+0.6%	$16.30M	313,245
Q4 2023	TGNA TEGNA Inc	TEGNA Inc	Buy	+246,100	+57.0%	$10.37M	677,641
Q4 2023	TMHC Taylor Morrison Home Corporatio	Taylor Morrison Home Corporatio	Buy	+1,595	+1.1%	$8.14M	152,532
Q4 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell - Position Exit	-450	-100.0%	$0.00	-
Q4 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+181	+0.7%	$13.12M	24,919
Q4 2023	URI United Rentals, Inc.	United Rentals, Inc.	Buy	+217	+1.5%	$8.62M	15,040
Q4 2023	WAB Westinghouse Air Brake Technolo	Westinghouse Air Brake Technolo	Buy	+904	+1.5%	$7.86M	61,962