Ronald Muhlenkamp Q1 2026 Portfolio Activity: Key Changes in Energy, Healthcare, and Technology
Ronald Muhlenkamp's portfolio saw significant changes in Q1 2026, with notable increases in Energy and Healthcare sectors, alongside decreases in Basic Materials holdings.
As of March 31, 2026, Ronald Muhlenkamp's portfolio at Muhlenkamp & Co showed significant activity during the first quarter of 2026. The total portfolio value stood at $37,978,914.20, reflecting changes in holdings across various sectors.
The investor demonstrated a clear preference for Energy and Healthcare stocks, evidenced by purchases or increases in positions. Notable increases were seen in EQT Corp (EQT) and McKesson Corp (MCK). The investor added shares to EQT Corp (EQT), increasing the position, and also increased holdings in McKesson Corp (MCK), albeit slightly. Furthermore, the investor maintained a strong position in SLB Limited (SLB), increasing the stake by a small percentage.
In contrast, the investor reduced exposure in the Basic Materials sector. Holdings in Agnico Eagle Mines Ltd (AEM), Newmont Corp (NEM), and Royal Gold Inc (RGLD) all decreased significantly during the quarter. The investor also reduced their position in Consumer Cyclical stock, Rush Enterprises Inc (RUSHA), and partially scaled back holdings in the Financial Services sector with Berkshire Hathaway Inc (BRK-B).
Technology saw a small increase in Apple Inc (AAPL), while Industrials benefited from a slight increase in Wabtec (WAB). Overall, the portfolio maintained its diversification across multiple sectors, with significant capital allocated to Energy and Healthcare.
For a detailed view of Ronald Muhlenkamp's investment profile and the complete portfolio, visit Muhlenkamp & Co's investor profile. You can explore the individual stock positions, including Agnico Eagle Mines Ltd (AEM), EQT Corp (EQT), Newmont Corp (NEM), McKesson Corp (MCK), and others, at their respective pages: AEM, EQT, NEM, MCK, RGLD, RUSHA, BRK-B, SLB, AAPL, and WAB.