Ronald Muhlenkamp - Muhlenkamp & Co 13F Activity & Position Changes (Q4 2024)

According to the SEC 13F filed on Feb 13, 2025, the Muhlenkamp & Co portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 2024, the filing reported:

New Buys - Agnico Eagle Mines Limited, JD.com, Inc.

Increases - Apple Inc., Alerian MLP ETF, BGC Group, Inc., Berkshire Hathaway Inc. New, Dow Inc., and 21 more

Reductions - None reported

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 2024	AAPL Apple Inc.	Apple Inc.	Buy	+142	+0.2%	$15.79M	63,056
Q4 2024	AEM Agnico Eagle Mines Limited	Agnico Eagle Mines Limited	Buy - Position Entry	+150,532	-	$11.77M	150,532
Q4 2024	AMLP Alerian MLP ETF	Alerian MLP ETF	Buy	+8	+0.0%	$8.43M	175,109
Q4 2024	BGC BGC Group, Inc.	BGC Group, Inc.	Buy	+2,839	+0.2%	$15.72M	1,734,758
Q4 2024	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+48	+0.1%	$17.30M	38,172
Q4 2024	DOW Dow Inc.	Dow Inc.	Buy	+770	+0.3%	$9.04M	225,369
Q4 2024	EQT EQT Corporation	EQT Corporation	Buy	+718	+0.2%	$20.82M	451,435
Q4 2024	GLD SPDR Gold Trust	SPDR Gold Trust	Buy	+137	+0.6%	$5.35M	22,085
Q4 2024	H8817H100 Transocean	Transocean	Buy	+7,636	+0.8%	$3.84M	1,024,601
Q4 2024	IBIT iShares Bitcoin Trust ETF	iShares Bitcoin Trust ETF	Buy	+10	+0.1%	$743.23K	14,010
Q4 2024	JD JD.com, Inc.	JD.com, Inc.	Buy - Position Entry	+96,898	-	$3.36M	96,898
Q4 2024	KEX Kirby Corporation	Kirby Corporation	Buy	+264	+0.4%	$7.72M	73,011
Q4 2024	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Buy	+487	+0.4%	$6.76M	117,892
Q4 2024	MCK McKesson Corporation	McKesson Corporation	Buy	+54	+0.1%	$22.03M	38,661
Q4 2024	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+80	+0.3%	$13.50M	32,038
Q4 2024	MTZ MasTec, Inc.	MasTec, Inc.	Buy	+233	+0.2%	$14.36M	105,504
Q4 2024	NEM Newmont Corporation	Newmont Corporation	Buy	+801	+0.3%	$10.50M	282,103
Q4 2024	NMIH NMI Holdings Inc	NMI Holdings Inc	Buy	+196	+0.0%	$17.05M	463,893
Q4 2024	OXY Occidental Petroleum Corporatio	Occidental Petroleum Corporatio	Buy	+665	+0.3%	$11.76M	237,967
Q4 2024	PHM PulteGroup, Inc.	PulteGroup, Inc.	Buy	+248	+0.3%	$10.68M	98,071
Q4 2024	RGLD Royal Gold, Inc.	Royal Gold, Inc.	Buy	+229	+0.3%	$11.47M	86,978
Q4 2024	RUSHA Rush Enterprises, Inc.	Rush Enterprises, Inc.	Buy	+541	+0.1%	$20.38M	371,978
Q4 2024	SLB Schlumberger N.V.	Schlumberger N.V.	Buy	+767	+0.2%	$12.11M	315,827
Q4 2024	TGNA TEGNA Inc	TEGNA Inc	Buy	+1,796	+0.3%	$12.64M	691,332
Q4 2024	TMHC Taylor Morrison Home Corporatio	Taylor Morrison Home Corporatio	Buy	+457	+0.3%	$9.50M	155,280
Q4 2024	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+56	+0.2%	$12.78M	25,265
Q4 2024	URI United Rentals, Inc.	United Rentals, Inc.	Buy	+39	+0.3%	$10.83M	15,375
Q4 2024	WAB Westinghouse Air Brake Technolo	Westinghouse Air Brake Technolo	Buy	+157	+0.3%	$11.85M	62,484