Ronald Muhlenkamp13F | |
Muhlenkamp & Co Inc | |
Last update 2024-01-08 | 29 Stocks (1 new) |
Value $306.00 Mil | Turnover 4 % |
Portfolio Report |
Ronald Muhlenkamp Investing Philosophy
He is a value guru who believes that over time, stock prices do reflect the values of the underlying businesses. When picking stocks, he looks for companies with solid balance sheets, and a return on equity capital (ROE) of 15% or better. Although his methods change with inflation and interest rates, he currently looks for companies with a P/E ratio lower than the companies' ROE and expected growth rates. He focuses on the long-term "Business of Investing" because he thinks that it is more profitable and more reliable. As a long-term investor, his "normal" position is to be 100% invested in corporate stocks.
Ronald Muhlenkamp Portfolio and Latest Trades
Ticker |
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Ticker |
KRE |
FNV |
NEM |
TGNA |
AVGO |
TMO |
AAPL |
BGC |
NMIH |
RUSHA |
URI |
WAB |
BRK.B |
BMY |
DOW |
EQT |
KEX |
MTZ |
MCK |
MSFT |
OXY |
PHM |
SLB |
GLD |
TMHC |
RIG |
UNH |
RGLD |
PSQ |
KRE |
BGC |
RIG |
AMLP |
CCJ |
PHM |
NMIH |
TMHC |
TGNA |
FNV |
RGLD |
AAPL |
KEX |
SLB |
MSFT |
BRK.B |
AVGO |
MTZ |
CVS |
MCHP |
UNH |
MCK |
BMY |
RUSHA |
OXY |
RUSHB |
GLD |
EQT |
DOW |
WAB |
PSQ |
SPDN |
TEN |
XOM |
OXY |
EQT |
MCK |
RUSHB |
BMY |
AMLP |
KEX |
BRK.B |
MSFT |
CVS |
AVGO |
RGLD |
NMIH |
UNH |
MTZ |
WAB |
DOW |
SLB |
MCHP |
CCJ |
AAPL |
GLD |
FNV |
SPDN |
TEN |
PFE |
MS |
GLD |
RGLD |
FNV |
SLB |
CVS |
UNH |
AMLP |
MCK |
BMY |
EQT |
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
KRE | SPDR S&P Regional Banking ETF | 2023-12-31 | Sold Out | -3.59% | 38.57 ($44.72) 53.82 | $46.08 | 3.03% | Sold Out | 0 | -249,235 | |
FNV | Franco-Nevada Corp | 2023-12-31 | Sold Out | -2.20% | 103.8 ($121.65) 140.89 | $121.67 | 0.02% | Sold Out | 0 | -47,811 | |
NEM | Newmont Corp | 2023-12-31 | New Buy | +1.94% | 33.95 ($38.61) 42.38 | $38.55 | -0.16% | New holding | 143,601 | 143,601 | |
TGNA | Tegna Inc | 2023-12-31 | Add | +1.23% | 13.77 ($14.99) 16 | $13.54 | -9.67% | Add 57.03% | 677,641 | 246,100 | |
AVGO | Broadcom Inc | 2023-12-31 | Reduce | -0.09% | 814.83 ($946.88) 1147 | $1,258.99 | 32.96% | Reduce -2.04% | 15,631 | -325 | |
TMO | Thermo Fisher Scientific Inc | 2023-12-31 | Sold Out | -0.08% | 431.41 ($484.03) 532.94 | $541.52 | 11.88% | Sold Out | 0 | -450 | |
AAPL | Apple Inc | 2023-12-31 | Reduce | -0.06% | 166.89 ($184.64) 198.11 | $167.04 | -9.53% | Reduce -1.71% | 60,434 | -1,050 | |
BGC | BGC Group Inc | 2023-12-31 | Add | +0.04% | 5.13 ($6.19) 7.22 | $7.57 | 22.29% | Add 0.98% | 1,711,927 | 16,535 | |
NMIH | NMI Holdings Inc | 2023-12-31 | Add | +0.04% | 26.16 ($27.91) 30.12 | $29.59 | 6.02% | Add 0.8% | 459,533 | 3,648 | |
RUSHA | Rush Enterprises Inc | 2023-12-31 | Add | +0.04% | 34.91 ($40.34) 50.3 | $47.99 | 18.96% | Add 0.73% | 367,713 | 2,662 | |
URI | United Rentals Inc | 2023-12-31 | Add | +0.04% | 399.02 ($471.7) 580.47 | $632.88 | 34.17% | Add 1.46% | 15,040 | 217 | |
WAB | Westinghouse Air Brake Technologies Corp | 2023-12-31 | Add | +0.04% | 98.74 ($112.87) 127.14 | $144.27 | 27.82% | Add 1.48% | 61,962 | 904 | |
BRK.B | Berkshire Hathaway Inc | 2023-12-31 | Add | +0.03% | 331.71 ($350.99) 362.68 | $399.89 | 13.93% | Add 0.77% | 37,849 | 289 | |
BMY | Bristol-Myers Squibb Co | 2023-12-31 | Add | +0.03% | 48.48 ($52.49) 57.85 | $48.30 | -7.98% | Add 1.56% | 131,760 | 2,028 | |
DOW | Dow Inc | 2023-12-31 | Add | +0.03% | 47.54 ($51.09) 55.71 | $56.49 | 10.57% | Add 0.85% | 221,932 | 1,874 | |
EQT | EQT Corp | 2023-12-31 | Add | +0.03% | 36.01 ($40.55) 44.72 | $36.22 | -10.68% | Add 0.53% | 447,752 | 2,370 | |
KEX | Kirby Corp | 2023-12-31 | Add | +0.03% | 72.79 ($78.2) 83.19 | $94.97 | 21.45% | Add 0.78% | 168,207 | 1,299 | |
MTZ | MasTec Inc | 2023-12-31 | Add | +0.03% | 47.6 ($62.54) 75.72 | $83.44 | 33.42% | Add 1.03% | 131,009 | 1,332 | |
MCK | McKesson Corp | 2023-12-31 | Add | +0.03% | 437.42 ($454.73) 470.64 | $518.81 | 14.09% | Add 0.56% | 38,482 | 215 | |
MSFT | Microsoft Corp | 2023-12-31 | Reduce | -0.03% | 313.39 ($355.93) 382.7 | $404.27 | 13.58% | Reduce -0.96% | 30,928 | -300 | |
OXY | Occidental Petroleum Corp | 2023-12-31 | Add | +0.03% | 55.55 ($61.02) 66.5 | $66.04 | 8.23% | Add 0.73% | 235,119 | 1,707 | |
PHM | PulteGroup Inc | 2023-12-31 | Add | +0.03% | 69.65 ($84.98) 104.88 | $105.96 | 24.69% | Add 0.86% | 96,568 | 825 | |
SLB | Schlumberger Ltd | 2023-12-31 | Add | +0.03% | 48.46 ($54.35) 60.59 | $50.94 | -6.27% | Add 0.62% | 313,245 | 1,943 | |
GLD | SPDR Gold Shares ETF | 2023-12-31 | Add | +0.03% | 168.83 ($183.27) 192.59 | $220.34 | 20.23% | Add 2.2% | 19,121 | 411 | |
TMHC | Taylor Morrison Home Corp | 2023-12-31 | Add | +0.03% | 37.7 ($44.7) 54.22 | $54.03 | 20.87% | Add 1.06% | 152,532 | 1,595 | |
RIG | Transocean Ltd | 2023-12-31 | Add | +0.03% | 5.65 ($6.69) 7.88 | $5.55 | -17.04% | Add 1.67% | 976,758 | 16,081 | |
UNH | UnitedHealth Group Inc | 2023-12-31 | Add | +0.03% | 509.47 ($533.34) 552.97 | $493.18 | -7.53% | Add 0.73% | 24,919 | 181 | |
RGLD | Royal Gold Inc | 2023-12-31 | Add | +0.02% | 102.87 ($113.01) 124.3 | $121.68 | 7.67% | Add 1.04% | 57,485 | 594 | |
PSQ | ProShares Short QQQ -1x Shares | 2023-06-30 | Sold Out | -5.64% | 10.53 ($11.57) 12.5 | $46.09 | 298.36% | Sold Out | 0 | -904,875 | |
KRE | SPDR S&P Regional Banking ETF | 2023-06-30 | New Buy | +3.61% | 35.75 ($40.75) 44.18 | $46.08 | 13.07% | New holding | 249,235 | 249,235 | |
BGC | BGC Group Inc | 2023-06-30 | New Buy | +2.46% | 3.99 ($4.45) 5.23 | $7.57 | 70.11% | New holding | 1,567,592 | 1,567,592 | |
RIG | Transocean Ltd | 2023-06-30 | New Buy | +2.13% | 5.65 ($6.18) 7.04 | $5.55 | -10.19% | New holding | 855,992 | 855,992 | |
AMLP | Alerian MLP ETF | 2023-06-30 | Reduce | -1.77% | 36.82 ($38.39) 39.69 | $46.36 | 20.76% | Reduce -38.61% | 174,555 | -109,762 | |
CCJ | Cameco Corp | 2023-06-30 | Sold Out | -1.56% | 25.1 ($28.09) 31.95 | $48.17 | 71.48% | Sold Out | 0 | -161,964 | |
PHM | PulteGroup Inc | 2023-06-30 | New Buy | +1.50% | 57.84 ($67.63) 78.67 | $105.96 | 56.68% | New holding | 54,519 | 54,519 | |
NMIH | NMI Holdings Inc | 2023-06-30 | Add | +1.49% | 21.62 ($24.2) 26.57 | $29.59 | 22.27% | Add 55.37% | 455,821 | 162,437 | |
TMHC | Taylor Morrison Home Corp | 2023-06-30 | New Buy | +1.48% | 36.31 ($42.98) 48.77 | $54.03 | 25.71% | New holding | 85,789 | 85,789 | |
TGNA | Tegna Inc | 2023-06-30 | New Buy | +1.21% | 15.29 ($16.31) 17.26 | $13.54 | -16.98% | New holding | 209,438 | 209,438 | |
FNV | Franco-Nevada Corp | 2023-06-30 | Add | +0.47% | 136.72 ($149.96) 160.42 | $121.67 | -18.87% | Add 24.48% | 47,783 | 9,398 | |
RGLD | Royal Gold Inc | 2023-06-30 | Add | +0.40% | 111.59 ($128.69) 143.88 | $121.68 | -5.45% | Add 21.15% | 56,859 | 9,927 | |
AAPL | Apple Inc | 2023-06-30 | Add | +0.35% | 160.1 ($174.1) 193.97 | $167.04 | -4.06% | Add 9.24% | 60,370 | 5,104 | |
KEX | Kirby Corp | 2023-06-30 | Add | +0.08% | 66.6 ($71.93) 76.95 | $94.97 | 32.03% | Add 1.71% | 167,205 | 2,810 | |
SLB | SLB | 2023-06-30 | Reduce | -0.06% | 42.83 ($47.71) 52.63 | $50.94 | 6.77% | Reduce -0.79% | 311,735 | -2,473 | |
MSFT | Microsoft Corp | 2023-06-30 | Reduce | -0.04% | 275.42 ($313.01) 348.1 | $404.27 | 29.16% | Reduce -1.19% | 30,892 | -372 | |
BRK.B | Berkshire Hathaway Inc | 2023-06-30 | Add | +0.03% | 308.77 ($326.09) 341 | $399.89 | 22.63% | Add 0.58% | 37,646 | 216 | |
AVGO | Broadcom Inc | 2023-06-30 | Reduce | -0.01% | 610.16 ($712.03) 886.18 | $1,258.99 | 76.82% | Reduce -0.28% | 16,035 | -45 | |
MTZ | MasTec Inc | 2023-06-30 | Reduce | -0.01% | 85.2 ($97.88) 117.97 | $83.44 | -14.75% | Reduce -0.31% | 127,819 | -398 | |
CVS | CVS Health Corp | 2023-06-30 | Add | +0.01% | 66.65 ($71.2) 77.75 | $69.39 | -2.54% | Add 0.52% | 110,695 | 572 | |
MCHP | Microchip Technology Inc | 2023-06-30 | Reduce | -0.01% | 71.8 ($78.97) 89.59 | $84.21 | 6.64% | Reduce -0.25% | 111,744 | -280 | |
UNH | UnitedHealth Group Inc | 2023-06-30 | Reduce | -0.01% | 458.49 ($488.72) 526.23 | $493.18 | 0.91% | Reduce -0.1% | 24,730 | -25 | |
MCK | McKesson Corp | 2023-06-30 | Add | +0.01% | 354.01 ($383.91) 427.31 | $518.81 | 35.14% | Add 0.2% | 38,325 | 76 | |
BMY | Bristol-Myers Squibb Co | 2023-06-30 | Add | +0.01% | 63.71 ($67.09) 70.74 | $48.30 | -28.01% | Add 0.48% | 129,569 | 619 | |
RUSHA | Rush Enterprises Inc | 2023-06-30 | Reduce | -0.01% | 33.47 ($36.67) 40.83 | $47.99 | 30.87% | Reduce -0.28% | 359,597 | -675 | |
OXY | Occidental Petroleum Corp | 2023-06-30 | Reduce | 0% | 56.07 ($60.03) 65.18 | $66.04 | 10.01% | Reduce -0.02% | 232,872 | -54 | |
RUSHB | Rush Enterprises Inc | 2023-06-30 | Add | 0% | 36.85 ($40.46) 45.37 | $45.31 | 11.99% | Add 1.28% | 9,503 | 80 | |
GLD | SPDR Gold Shares ETF | 2023-06-30 | Add | 0% | 177.09 ($183.74) 190.44 | $220.34 | 19.92% | Add 0.29% | 18,485 | 53 | |
EQT | EQT Corp | 2023-06-30 | Reduce | 0% | 31.04 ($35.3) 41.13 | $36.22 | 2.61% | Reduce -0.03% | 445,715 | -126 | |
DOW | Dow Inc | 2023-06-30 | Reduce | 0% | 48.78 ($53.18) 56.92 | $56.49 | 6.22% | Reduce -0.03% | 217,893 | -65 | |
WAB | Westinghouse Air Brake Technologies Corp | 2023-06-30 | Reduce | 0% | 92.63 ($99.31) 109.67 | $144.27 | 45.27% | Reduce -0.19% | 55,327 | -106 | |
PSQ | ProShares Short QQQ -1x Shares | 2022-12-31 | New Buy | +5.64% | 13.35 ($14.26) 15.2 | $46.09 | 223.21% | New holding | 904,875 | 904,875 | |
SPDN | Direxion Daily S&P 500 Bear 1X Shares | 2022-12-31 | Sold Out | -5.21% | 15.51 ($16.46) 17.74 | $12.81 | -22.17% | Sold Out | 0 | -652,921 | |
TEN | Tenneco Inc | 2022-12-31 | Sold Out | -3.69% | 17.53 ($19) 19.99 | $19.99 | 5.21% | Sold Out | 0 | -475,114 | |
XOM | Exxon Mobil Corp | 2022-12-31 | New Buy | +0.09% | 91.92 ($107.14) 114.18 | $118.52 | 10.62% | New holding | 1,952 | 1,952 | |
OXY | Occidental Petroleum Corp | 2022-12-31 | Reduce | -0.01% | 61.8 ($68.1) 75.97 | $66.04 | -3.02% | Reduce -0.1% | 232,926 | -237 | |
EQT | EQT Corp | 2022-12-31 | Reduce | -0.01% | 33.5 ($40.14) 45.34 | $36.22 | -9.77% | Reduce -0.1% | 445,841 | -451 | |
MCK | McKesson Corp | 2022-12-31 | Add | +0.01% | 345.39 ($372.97) 397.58 | $518.81 | 39.10% | Add 0.1% | 38,249 | 40 | |
RUSHB | Rush Enterprises Inc | 2022-12-31 | Reduce | -0.01% | 32.47 ($35.33) 38.55 | $45.31 | 28.25% | Reduce -3.87% | 9,383 | -252 | |
BMY | Bristol-Myers Squibb Co | 2022-12-31 | Add | +0.01% | 68.48 ($75.4) 81.13 | $48.30 | -35.94% | Add 0.15% | 128,950 | 197 | |
AMLP | Alerian MLP ETF | 2022-12-31 | Add | 0% | 36.6 ($39.01) 41.42 | $46.36 | 18.84% | Add 0.09% | 284,317 | 260 | |
KEX | Kirby Corp | 2022-12-31 | Reduce | 0% | 62.22 ($66.74) 71.09 | $94.97 | 42.30% | Reduce -0.09% | 164,395 | -154 | |
BRK.B | Berkshire Hathaway Inc | 2022-12-31 | Add | 0% | 264 ($296.98) 318.6 | $399.89 | 34.65% | Add 0.1% | 37,430 | 36 | |
MSFT | Microsoft Corp | 2022-12-31 | Reduce | 0% | 214.25 ($239.99) 257.22 | $404.27 | 68.45% | Reduce -0.07000000000000001% | 31,264 | -21 | |
CVS | CVS Health Corp | 2022-12-31 | Add | 0% | 87.84 ($96.49) 103.79 | $69.39 | -28.09% | Add 0.11% | 110,123 | 122 | |
AVGO | Broadcom Inc | 2022-12-31 | Reduce | 0% | 427.1 ($501.4) 574.44 | $1,258.99 | 151.09% | Reduce -0.1% | 16,080 | -16 | |
RGLD | Royal Gold Inc | 2022-12-31 | Add | 0% | 87.57 ($103.05) 114.41 | $121.68 | 18.08% | Add 0.16% | 46,932 | 77 | |
NMIH | NMI Holdings Inc | 2022-12-31 | Reduce | 0% | 19.53 ($20.95) 22.59 | $29.59 | 41.24% | Reduce -0.07000000000000001% | 293,384 | -196 | |
UNH | UnitedHealth Group Inc | 2022-12-31 | Add | 0% | 498.86 ($529.71) 555.15 | $493.18 | -6.90% | Add 0.08% | 24,755 | 19 | |
MTZ | MasTec Inc | 2022-12-31 | Reduce | 0% | 63.24 ($82.03) 95.69 | $83.44 | 1.72% | Reduce -0.1% | 128,217 | -124 | |
WAB | Westinghouse Air Brake Technologies Corp | 2022-12-31 | Reduce | 0% | 83.98 ($95.58) 103.41 | $144.27 | 50.94% | Reduce -0.06% | 55,433 | -33 | |
DOW | Dow Inc | 2022-12-31 | Reduce | 0% | 43.81 ($48.85) 53.14 | $56.49 | 15.64% | Reduce -0.09% | 217,958 | -199 | |
SLB | SLB | 2022-12-31 | Reduce | 0% | 38.3 ($49.8) 54.82 | $50.94 | 2.29% | Reduce -0.09% | 314,208 | -294 | |
MCHP | Microchip Technology Inc | 2022-12-31 | Reduce | 0% | 57.31 ($68.88) 79.19 | $84.21 | 22.26% | Reduce -0.1% | 112,024 | -112 | |
CCJ | Cameco Corp | 2022-12-31 | Reduce | 0% | 21.29 ($23.52) 27.97 | $48.17 | 104.80% | Reduce -0.1% | 161,964 | -159 | |
AAPL | Apple Inc | 2022-12-31 | Reduce | 0% | 126.04 ($142.91) 155.74 | $167.04 | 16.88% | Reduce -0.1% | 55,266 | -56 | |
GLD | SPDR Gold Shares ETF | 2022-12-31 | Reduce | 0% | 151.45 ($161.08) 169.64 | $220.34 | 36.79% | Reduce -0.29% | 18,432 | -53 | |
FNV | Franco-Nevada Corp | 2022-12-31 | Add | 0% | 115.16 ($132.04) 147.26 | $121.67 | -7.85% | Add 0.19% | 38,385 | 71 | |
SPDN | Direxion Daily S&P 500 Bear 1X Shares | 2022-09-30 | New Buy | +5.21% | 14.96 ($16.2) 17.88 | $12.81 | -20.93% | New holding | 652,921 | 652,921 | |
TEN | Tenneco Inc | 2022-09-30 | Reduce | -0.62% | 17.16 ($18.79) 19.48 | $19.99 | 6.39% | Reduce -13.95% | 475,114 | -77,055 | |
PFE | Pfizer Inc | 2022-09-30 | Sold Out | -0.59% | 43.76 ($48.59) 53.42 | $25.39 | -47.75% | Sold Out | 0 | -24,164 | |
MS | Morgan Stanley | 2022-09-30 | Sold Out | -0.38% | 74.69 ($84.29) 92.02 | $90.26 | 7.08% | Sold Out | 0 | -10,805 | |
GLD | SPDR Gold Shares ETF | 2022-09-30 | Add | +0.27% | 151.23 ($160.81) 168.32 | $220.34 | 37.02% | Add 26.22% | 18,485 | 3,840 | |
RGLD | Royal Gold Inc | 2022-09-30 | Add | +0.20% | 86.46 ($99.02) 110.25 | $121.68 | 22.88% | Add 11.29% | 46,855 | 4,752 | |
FNV | Franco-Nevada Corp | 2022-09-30 | Add | +0.15% | 111.58 ($125.71) 134.59 | $121.67 | -3.21% | Add 8.07% | 38,314 | 2,861 | |
SLB | SLB | 2022-09-30 | Add | +0.06% | 31.33 ($36.26) 40.38 | $50.94 | 40.49% | Add 1.27% | 314,502 | 3,959 | |
CVS | CVS Health Corp | 2022-09-30 | Add | +0.05% | 92.53 ($98.99) 106.43 | $69.39 | -29.90% | Add 0.99% | 110,001 | 1,078 | |
UNH | UnitedHealth Group Inc | 2022-09-30 | Add | +0.05% | 501.24 ($525.83) 548.32 | $493.18 | -6.21% | Add 0.86% | 24,736 | 212 | |
AMLP | Alerian MLP ETF | 2022-09-30 | Add | +0.05% | 32.75 ($37.75) 41.29 | $46.36 | 22.81% | Add 1.05% | 284,057 | 2,957 | |
MCK | McKesson Corp | 2022-09-30 | Add | +0.04% | 321.25 ($347.15) 373.84 | $518.81 | 49.45% | Add 0.75% | 38,209 | 285 | |
BMY | Bristol-Myers Squibb Co | 2022-09-30 | Add | +0.04% | 66.75 ($72.54) 76.84 | $48.30 | -33.42% | Add 0.94% | 128,753 | 1,197 | |
EQT | EQT Corp | 2022-09-30 | Add | +0.03% | 31.65 ($43.37) 50.6 | $36.22 | -16.49% | Add 0.36% | 446,292 | 1,590 |
Total 144
Ronald Muhlenkamp News
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