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

As of Dec 31, 2024, the Muhlenkamp & Co portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 2025. 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