Ron Muhlenkamp - Muhlenkamp & Company, Inc.

Ron Muhlenkamp - Muhlenkamp & Company

Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    29
Portfolio value:    $379,789,142

Holdings Activity Buys Sells History

History	Stock	Activity ▼	Share change	% change to portfolio
	Q1 2026
☰	LYB - LyondellBasell Industries N.V.	Add 0.72%	1,338	0.03
☰	CE - Celanese Corp.	Add 0.67%	1,397	0.02
☰	EQX - Equinox Gold Corp.	Add 0.23%	1,197	0.00
☰	SLB - SLB N.V.	Add 0.04%	140	0.00
☰	TMHC - Taylor Morrison Home Corp.	Add 0.04%	58	0.00
☰	FRDM - Freedom 100 Emerging Markets ETF	Buy	236,825	3.41
☰	XOM - ExxonMobil Holdings Corp.	Buy	1,640	0.07
	Q4 2025
☰	CE - Celanese Corp.	Add 13.53%	24,948	0.28
☰	MSFT - Microsoft Corp.	Add 2.03%	658	0.09
☰	LYB - LyondellBasell Industries N.V.	Add 0.95%	1,746	0.02
☰	EQX - Equinox Gold Corp.	Add 0.73%	3,765	0.01
☰	TMHC - Taylor Morrison Home Corp.	Add 0.73%	1,150	0.02
☰	SLB - SLB N.V.	Add 0.72%	2,293	0.02
☰	MCHP - Microchip Technology Inc.	Add 0.61%	1,232	0.02
☰	ICLR - ICON Public Ltd. Co.	Add 0.54%	398	0.02
☰	URI - United Rentals, Inc.	Add 0.53%	83	0.02
☰	BGC - BGC Group, Inc.	Add 0.43%	7,541	0.02
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 0.43%	271	0.02
☰	RGLD - Royal Gold, Inc.	Add 0.39%	343	0.02
☰	RUSHA - Rush Enterprises, Inc.	Add 0.39%	1,468	0.02
☰	MCK - McKesson Corp.	Add 0.31%	85	0.02
☰	NMIH - NMI Holdings, Inc.	Add 0.31%	1,442	0.02
☰	AAPL - Apple Inc.	Add 0.27%	168	0.01
☰	GLD - SPDR Gold Shares	Add 0.27%	59	0.01
☰	NEM - Newmont Corp.	Add 0.19%	538	0.01
☰	BRK.B - Berkshire Hathaway CL B	Add 0.08%	31	0.00
☰	EQT - EQT Corp.	Add 0.04%	164	0.00
	Q3 2025
☰	CE - Celanese Corp.	Add 21.99%	33,247	0.38
☰	TMHC - Taylor Morrison Home Corp.	Add 0.20%	316	0.01
☰	SLB - SLB N.V.	Add 0.18%	572	0.01
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 0.14%	86	0.00
☰	MCHP - Microchip Technology Inc.	Add 0.13%	262	0.00
☰	BGC - BGC Group, Inc.	Add 0.11%	1,901	0.00
☰	MSFT - Microsoft Corp.	Add 0.11%	36	0.01
☰	NMIH - NMI Holdings, Inc.	Add 0.11%	493	0.01
☰	AAPL - Apple Inc.	Add 0.09%	57	0.00
☰	MCK - McKesson Corp.	Add 0.09%	24	0.01
☰	BRK.B - Berkshire Hathaway CL B	Add 0.08%	29	0.00
☰	RGLD - Royal Gold, Inc.	Add 0.07%	59	0.00
☰	RUSHA - Rush Enterprises, Inc.	Add 0.07%	268	0.00
☰	NEM - Newmont Corp.	Add 0.03%	83	0.00
☰	AEM - Agnico Eagle Mines Ltd.	Add 0.02%	24	0.00
☰	AMLP - Alerian MLP ETF	Add 0.01%	9	0.00
☰	ICLR - ICON Public Ltd. Co.	Buy	73,467	3.49
☰	LYB - LyondellBasell Industries N.V.	Buy	184,075	2.45
☰	EQX - Equinox Gold Corp.	Buy	514,257	1.57
☰	GTLS - Chart Inds Inc	Buy	7,924	0.43
☰	GEV - GE Vernova Inc.	Buy	1,426	0.24
☰	RCL - Royal Caribbean Cruises Ltd.	Buy	2,671	0.23
☰	FCF - First Commonwealth Financial Corp.	Buy	10,154	0.05
	Q2 2025
☰	MCHP - Microchip Technology Inc.	Add 81.43%	90,431	1.99
☰	RIG - Transocean Ltd.	Add 3.33%	34,122	0.03
☰	DOW - Dow Inc.	Add 1.69%	3,804	0.03
☰	TMHC - Taylor Morrison Home Corp.	Add 1.21%	1,876	0.04
☰	SLB - SLB N.V.	Add 1.06%	3,349	0.04
☰	URI - United Rentals, Inc.	Add 1.03%	159	0.04
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 0.91%	570	0.04
☰	BGC - BGC Group, Inc.	Add 0.90%	15,539	0.05
☰	NMIH - NMI Holdings, Inc.	Add 0.62%	2,883	0.04
☰	RUSHA - Rush Enterprises, Inc.	Add 0.62%	2,302	0.04
☰	MTZ - MasTec, Inc.	Add 0.59%	625	0.03
☰	BRK.B - Berkshire Hathaway CL B	Add 0.56%	213	0.03
☰	AAPL - Apple Inc.	Add 0.27%	170	0.01
☰	MSFT - Microsoft Corp.	Add 0.22%	70	0.01
☰	EQT - EQT Corp.	Add 0.21%	924	0.02
☰	RGLD - Royal Gold, Inc.	Add 0.08%	66	0.00
☰	NEM - Newmont Corp.	Add 0.05%	137	0.00
☰	JD - JD.com, Inc.	Add 0.03%	64	0.00
☰	AEM - Agnico Eagle Mines Ltd.	Add 0.02%	35	0.00
☰	AMLP - Alerian MLP ETF	Add 0.00%	8	0.00
☰	CE - Celanese Corp.	Buy	151,208	2.61
	Q1 2025
☰	JD - JD.com, Inc.	Add 110.36%	106,934	1.44
☰	GLD - SPDR Gold Shares	Add 1.10%	243	0.02
☰	AMLP - Alerian MLP ETF	Add 0.91%	1,595	0.03
☰	MSFT - Microsoft Corp.	Add 0.63%	203	0.02
☰	NEM - Newmont Corp.	Add 0.57%	1,620	0.03
☰	RGLD - Royal Gold, Inc.	Add 0.55%	482	0.03
☰	AEM - Agnico Eagle Mines Ltd.	Add 0.48%	720	0.03
☰	RIG - Transocean Ltd.	Add 0.00%	37	0.00
☰	TRV - The Travelers Companies, Inc.	Buy	6,648	0.58
	Q4 2024
☰	RIG - Transocean Ltd.	Add 0.75%	7,636	0.01
☰	GLD - SPDR Gold Shares	Add 0.62%	137	0.01
☰	MCHP - Microchip Technology Inc.	Add 0.41%	487	0.01
☰	KEX - Kirby Corp.	Add 0.36%	264	0.01
☰	DOW - Dow Inc.	Add 0.34%	770	0.01
☰	TMHC - Taylor Morrison Home Corp.	Add 0.30%	457	0.01
☰	NEM - Newmont Corp.	Add 0.28%	801	0.01
☰	OXY - Occidental Petroleum Corp.	Add 0.28%	665	0.01
☰	RGLD - Royal Gold, Inc.	Add 0.26%	229	0.01
☰	TGNA - Tegna Inc	Add 0.26%	1,796	0.01
☰	MSFT - Microsoft Corp.	Add 0.25%	80	0.01
☰	PHM - PulteGroup, Inc.	Add 0.25%	248	0.01
☰	URI - United Rentals, Inc.	Add 0.25%	39	0.01
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 0.25%	157	0.01
☰	SLB - SLB N.V.	Add 0.24%	767	0.01
☰	AAPL - Apple Inc.	Add 0.23%	142	0.01
☰	MTZ - MasTec, Inc.	Add 0.22%	233	0.01
☰	UNH - UnitedHealth Group Inc.	Add 0.22%	56	0.01
☰	BGC - BGC Group, Inc.	Add 0.16%	2,839	0.01
☰	EQT - EQT Corp.	Add 0.16%	718	0.01
☰	RUSHA - Rush Enterprises, Inc.	Add 0.15%	541	0.01
☰	MCK - McKesson Corp.	Add 0.14%	54	0.01
☰	BRK.B - Berkshire Hathaway CL B	Add 0.13%	48	0.01
☰	IBIT - iShares Bitcoin Trust ETF	Add 0.07%	10	0.00
☰	NMIH - NMI Holdings, Inc.	Add 0.04%	196	0.00
☰	AMLP - Alerian MLP ETF	Add 0.00%	8	0.00
☰	AEM - Agnico Eagle Mines Ltd.	Buy	150,532	3.57
☰	JD - JD.com, Inc.	Buy	96,898	1.02
	Q3 2024
☰	EPD - Enterprise Products Partners L.P.	Add 8.05%	2,000	0.02
☰	GLD - SPDR Gold Shares	Add 1.18%	255	0.02
☰	RGLD - Royal Gold, Inc.	Add 0.78%	669	0.03
☰	NEM - Newmont Corp.	Add 0.63%	1,751	0.03
☰	AMLP - Alerian MLP ETF	Add 0.31%	546	0.01
☰	RIG - Transocean Ltd.	Add 0.27%	2,696	0.00
☰	DOW - Dow Inc.	Add 0.24%	545	0.01
☰	MCHP - Microchip Technology Inc.	Add 0.18%	216	0.01
☰	AAPL - Apple Inc.	Add 0.12%	75	0.01
☰	MSFT - Microsoft Corp.	Add 0.04%	13	0.00
☰	TGNA - Tegna Inc	Add 0.03%	202	0.00
☰	URI - United Rentals, Inc.	Add 0.03%	5	0.00
☰	EQT - EQT Corp.	Add 0.02%	98	0.00
☰	MTZ - MasTec, Inc.	Add 0.02%	24	0.00
☰	SLB - SLB N.V.	Add 0.02%	52	0.00
☰	RUSHA - Rush Enterprises, Inc.	Add 0.01%	53	0.00
☰	OXY - Occidental Petroleum Corp.	Add 0.00%	6	0.00
	Q2 2024
☰	AAPL - Apple Inc.	Add 0.38%	235	0.02
☰	RIG - Transocean Ltd.	Add 0.37%	3,771	0.01
☰	MCHP - Microchip Technology Inc.	Add 0.35%	410	0.01
☰	MSFT - Microsoft Corp.	Add 0.26%	82	0.01
☰	GLD - SPDR Gold Shares	Add 0.23%	50	0.00
☰	NEM - Newmont Corp.	Add 0.22%	602	0.01
☰	RGLD - Royal Gold, Inc.	Add 0.21%	181	0.01
☰	TGNA - Tegna Inc	Add 0.15%	1,041	0.00
☰	TMHC - Taylor Morrison Home Corp.	Add 0.09%	143	0.00
☰	RUSHA - Rush Enterprises, Inc.	Add 0.04%	145	0.00
☰	UNH - UnitedHealth Group Inc.	Add 0.04%	11	0.00
☰	URI - United Rentals, Inc.	Add 0.01%	2	0.00
☰	IBIT - iShares Bitcoin Trust ETF	Buy	14,000	0.15
	Q1 2024
☰	NEM - Newmont Corp.	Add 94.25%	135,348	1.41
☰	RGLD - Royal Gold, Inc.	Add 49.43%	28,414	1.01
☰	GLD - SPDR Gold Shares	Add 13.19%	2,522	0.15
☰	MCHP - Microchip Technology Inc.	Add 4.61%	5,144	0.13
☰	AAPL - Apple Inc.	Add 3.59%	2,170	0.11
☰	RIG - Transocean Ltd.	Add 3.45%	33,740	0.06
☰	MSFT - Microsoft Corp.	Add 3.02%	935	0.11
☰	BMY - Bristol-Myers Squibb Co.	Add 2.49%	3,285	0.05
☰	URI - United Rentals, Inc.	Add 1.92%	289	0.06
☰	AVGO - Broadcom Inc.	Add 1.62%	2,540	0.10
☰	TGNA - Tegna Inc	Add 1.57%	10,652	0.05
☰	MTZ - MasTec, Inc.	Add 1.51%	1,981	0.05
☰	TMHC - Taylor Morrison Home Corp.	Add 1.44%	2,198	0.04
☰	BGC - BGC Group, Inc.	Add 1.38%	23,553	0.05
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 1.38%	852	0.04
☰	PHM - PulteGroup, Inc.	Add 1.34%	1,296	0.05
☰	UNH - UnitedHealth Group Inc.	Add 1.15%	286	0.04
☰	NMIH - NMI Holdings, Inc.	Add 1.05%	4,805	0.05
☰	DOW - Dow Inc.	Add 0.99%	2,190	0.04
☰	OXY - Occidental Petroleum Corp.	Add 0.96%	2,264	0.04
☰	RUSHA - Rush Enterprises, Inc.	Add 0.96%	3,526	0.05
☰	BRK.B - Berkshire Hathaway CL B	Add 0.88%	334	0.04
☰	KEX - Kirby Corp.	Add 0.66%	1,107	0.03
☰	EQT - EQT Corp.	Add 0.64%	2,876	0.03
☰	SLB - SLB N.V.	Add 0.62%	1,931	0.03
☰	MCK - McKesson Corp.	Add 0.54%	209	0.03
	Q4 2023
☰	TGNA - Tegna Inc	Add 57.03%	246,100	1.23
☰	GLD - SPDR Gold Shares	Add 2.20%	411	0.03
☰	RIG - Transocean Ltd.	Add 1.67%	16,081	0.03
☰	BMY - Bristol-Myers Squibb Co.	Add 1.56%	2,028	0.03
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 1.48%	904	0.04
☰	URI - United Rentals, Inc.	Add 1.46%	217	0.04
☰	TMHC - Taylor Morrison Home Corp.	Add 1.06%	1,595	0.03
☰	RGLD - Royal Gold, Inc.	Add 1.04%	594	0.02
☰	MTZ - MasTec, Inc.	Add 1.03%	1,332	0.03
☰	BGC - BGC Group, Inc.	Add 0.98%	16,535	0.04
☰	PHM - PulteGroup, Inc.	Add 0.86%	825	0.03
☰	DOW - Dow Inc.	Add 0.85%	1,874	0.03
☰	NMIH - NMI Holdings, Inc.	Add 0.80%	3,648	0.04
☰	KEX - Kirby Corp.	Add 0.78%	1,299	0.03
☰	BRK.B - Berkshire Hathaway CL B	Add 0.77%	289	0.03
☰	OXY - Occidental Petroleum Corp.	Add 0.73%	1,707	0.03
☰	RUSHA - Rush Enterprises, Inc.	Add 0.73%	2,662	0.04
☰	UNH - UnitedHealth Group Inc.	Add 0.73%	181	0.03
☰	SLB - SLB N.V.	Add 0.62%	1,943	0.03
☰	MCK - McKesson Corp.	Add 0.56%	215	0.03
☰	EQT - EQT Corp.	Add 0.53%	2,370	0.03
☰	NEM - Newmont Corp.	Buy	143,601	1.94
	Q3 2023
☰	TGNA - Tegna Inc	Add 106.05%	222,103	1.12
☰	TMHC - Taylor Morrison Home Corp.	Add 75.94%	65,148	0.96
☰	PHM - PulteGroup, Inc.	Add 75.61%	41,224	1.05
☰	RIG - Transocean Ltd.	Add 12.23%	104,685	0.30
☰	WAB - Westinghouse Air Brake Technologies Corp.	Add 10.36%	5,731	0.21
☰	AAPL - Apple Inc.	Add 1.85%	1,114	0.07
☰	RUSHA - Rush Enterprises, Inc.	Add 1.52%	5,454	0.08
☰	MTZ - MasTec, Inc.	Add 1.45%	1,858	0.05
☰	GLD - SPDR Gold Shares	Add 1.22%	225	0.01
☰	MSFT - Microsoft Corp.	Add 1.09%	336	0.04
☰	DOW - Dow Inc.	Add 0.99%	2,165	0.04
☰	OXY - Occidental Petroleum Corp.	Add 0.23%	540	0.01
☰	BMY - Bristol-Myers Squibb Co.	Add 0.13%	163	0.00
☰	FNV - Franco-Nevada Corp.	Add 0.06%	28	0.00
☰	RGLD - Royal Gold, Inc.	Add 0.06%	32	0.00
☰	UNH - UnitedHealth Group Inc.	Add 0.03%	8	0.00
☰	NMIH - NMI Holdings, Inc.	Add 0.01%	64	0.00
☰	BGC - BGC Group, Inc.	Buy	1,695,392	3.09
☰	URI - United Rentals, Inc.	Buy	14,823	2.27
☰	TMO - Thermo Fisher Scientific Inc.	Buy	450	0.08