Ronald Muhlenkamp Top Holdings Analysis: March 31, 2026 Portfolio Breakdown
Ronald Muhlenkamp's portfolio as of March 31, 2026, features significant holdings in materials and energy sectors, with notable share changes in several stocks.
As of March 31, 2026, Ronald Muhlenkamp's portfolio at Muhlenkamp & Co stands at a total value of $379,789,142. This comprehensive analysis delves into the top holdings that constitute this substantial portfolio, highlighting sectors, allocations, and changes in shareholdings.
Muhlenkamp's largest position is in Agnico Eagle Mines Ltd (AEM), a key player in the Basic Materials sector. The fund holds 138,588 shares valued at $28,130,592, representing approximately 7.41% of the total portfolio. Compared to the previous period, the fund reduced its stake by 12,723 shares, a decrease of 8.41%. You can explore Agnico Eagle's profile here: https://www.insiderset.com/investors/stocks/AEM.
Another significant Basic Materials holding is Newmont Corporation (NEM). With a portfolio allocation of 6.59%, the fund owns 231,182 shares worth $25,025,452. The position saw a substantial reduction, with shares decreasing by 52,761 (-18.58%) from the prior period. Further details on Newmont can be found at: https://www.insiderset.com/investors/stocks/NEM.
EQT Corp (EQT), operating in the Energy sector, holds a 6.72% allocation with 401,242 shares valued at $25,535,041. The fund decreased its position by 49,721 shares (-11.03%) during the period. More information about EQT is available here: https://www.insiderset.com/investors/stocks/EQT.
Royal Gold Inc (RGLD) is another key Basic Materials holding, comprising 5.89% of the portfolio with 87,892 shares valued at $22,367,635. The fund modestly increased its stake by 307 shares (+0.35%). For more on Royal Gold, visit: https://www.insiderset.com/investors/stocks/RGLD.
In the Energy sector, SLB Limited (SLB) holds a 4.36% allocation with 322,171 shares valued at $16,556,368. The fund slightly increased its position by 2,433 shares (+0.76%). Details on SLB can be found here: https://www.insiderset.com/investors/stocks/SLB.
The Healthcare sector features McKesson Corporation (MCK) as a top holding, making up 6.19% of the portfolio with 27,169 shares valued at $23,510,966. Notably, the fund increased its position by just 61 shares (+0.23%). Learn more about McKesson at: https://www.insiderset.com/investors/stocks/MCK.
Financial Services allocation includes Berkshire Hathaway Inc (BRK-B) at 4.84%, with 38,351 shares valued at $18,377,799. The fund slightly reduced its stake by 29 shares (-0.08%). Further details on Berkshire Hathaway are available here: https://www.insiderset.com/investors/stocks/BRK-B.
Technology is represented by Apple Inc (AAPL) in the top holdings, holding 4.18% with 62,559 shares valued at $15,876,849. The fund decreased its position by 114 shares (-0.18%). Explore Apple's profile here: https://www.insiderset.com/investors/stocks/AAPL.
Lastly, Industrials sector includes Wabtec (WAB), comprising 4.16% of the portfolio with 63,155 shares valued at $15,783,066. The fund slightly increased its position by 125 shares (+0.2%). More information on Wabtec can be found at: https://www.insiderset.com/investors/stocks/WAB.
For a complete overview of Ronald Muhlenkamp's investment profile, including all holdings and performance, visit his profile page: https://www.insiderset.com/investor/ronald-muhlenkamp-muhlenkamp-and-co.