Ronald Muhlenkamp & Co Q2 2026 Portfolio Activity: Significant Purchases Observed
Ronald Muhlenkamp's investment firm, Muhlenkamp & Co, reported notable changes in their portfolio holdings for the second quarter of 2026. This analysis highlights key purchases and sales observed during this period.
As of June 30th, 2026, Ronald Muhlenkamp's investment firm Muhlenkamp & Co has shown active management of its portfolio. The total value stands at $345,251,246, with holdings spread across various sectors.
The firm demonstrated a clear focus on growth during Q2 2026, particularly evident in their substantial buying activity. Notably, SLV (iShares Silver Trust) experienced an unprecedented increase of 100% quarter-over-quarter, indicating a major new position initiated by the investor.
In addition to this headline grabber, Muhlenkamp & Co continued to build exposure in specific sectors. They significantly increased their stake in BGC Group Inc (BGC), raising its portfolio allocation from 4.26% to 4.48%. Similarly, they bolstered positions in NMI Holdings Inc and Equinox Gold Corp, both showing modest but positive share increases.
The investor also saw a notable increase in their position within the Energy sector, specifically holding onto EQT Corp (EQT). This stock allocation rose from 6.19% to an unchanged percentage of 6.19%, but its share count increased by 0.25%. Furthermore, within the same Energy sector, they added shares to SLB Limited (SLB), increasing its allocation from 4.36% to an unchanged percentage of 4.36%, but with a positive share change.
Conversely, the firm exhibited minimal selling activity during this quarter filing. Their position in Microsoft Corp (MSFT) saw a slight decrease of 0.49%, resulting in a negligible change percentage and no significant sell-off disclosed.
In summary, Ronald Muhlenkamp & Co's portfolio for Q2 2026 highlights strong buying momentum, particularly concentrated in the Financial Services sector via BGC Group Inc and NMI Holdings Inc, alongside a very large purchase of the iShares Silver Trust. The firm maintained its significant positions in major companies like Apple Inc (AAPL) and McKesson Corp (MCK), while showing less interest in other sectors like Technology for major additions.