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‘Kids & Money’ Ron Muhlenkamp, 11 Sells

August 28, 2013 | About:
Sally Jones

Sally Jones

49 followers
Guru Ronald Muhlenkamp’s company has a unique differentiator: a special interest in teaching kids about money. Muhlenkamp & Company is the only known investment firm that posts lessons online to help parents teach their children the basics of investing. According to the company’s far-reaching wisdom, “Probably the best time to teach children about money is when they begin to observe habits of spending, savings, investing, and budgeting. Without good mentoring, it is natural for children to assume that money is simply available at the nearest ATM or by handing over your credit card to the cashier.”

The updated portfolio of the Muhlenkamp Fund lists 59 stocks, six of them new, a total value at $480 million, and a quarter-over-quarter turnover of 9%. The portfolio is currently weighted with top three sectors: financial services at 22.1%, consumer cyclical at 19.2% and technology at 12.8%. Muhlenkamp has averaged a return of 16.8% over 12 months.

Muhlenkamp Fund made 11 sells and reductions, including these high-impact trades, as of June 30, 2013:

Intel Corp. (INTC): Reduced

Impacts Portfolio: -3.4%

Current Shares: 196,800

Down 10% over 12 months, Intel Corp., the semiconductor giant, has a market cap of $110.56 billion; its shares were traded at around $22.29 with a P/E ratio of 12.00.

Guru Action: As of June 30, 2013, Muhlenkamp Fund reduced its position by 79.14%, selling 746,745 shares at an average price of $23.62 for a loss of 6.2%.

The firm has averaged a gain of 21% on 1,085,435 shares bought at an average price of $18.35 per share. On shares sold, the firm averaged a loss of 5% on 904,635 shares sold at an average price of $23.24 per share.

Track historical pricing, revenue and net income:

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Covidien PLC (COV): Reduced

Impacts Portfolio: -2.78%

Current Shares: 174,170

Up 17% over 12 months, Covidien PLC, a medical instruments and supply company, has a market cap of $27.48 billion; its shares were traded at around $59.68 with a P/E ratio of 15.90.

Guru Action: As of June 30, 2013, Muhlenkamp Fund reduced its position by 53.5%, selling 200,370 at an average price of $59.39 for a gain of 0.6%.

The firm has averaged a gain of 21% on 388,280 shares bought at an average price of $49.41 per share. On shares sold, the firm averaged a gain of 2% on 214,110 shares sold at an average price of $58.43 per share.

Track historical pricing, revenue and net income:

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State Street Corp. (STT): Reduced

Impacts Portfolio: -1.23%

Current Shares: 319,953

Up 62% over 12 months, State Street Corp., an asset management company, has a market cap of $29.82 billion; its shares were traded at around $66.79 with a P/E ratio of 14.60.

Guru Action: As of June 30, 2013, Muhlenkamp Fund reduced its position by 24.02%, selling 101,125 shares at an average price of $62.20 for a gain of 7.5%.

The firm has averaged a gain of 55% on 449,743 shares bought at an average price of $43.20 per share. On shares sold, the firm averaged a gain of 16% on 129,790 shares sold at an average price of $57.89 per share.

His trading history shows a long run of remarkable gains since the fourth quarter of 2008:

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Track historical pricing, revenue and net income:

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Teva Pharmaceutical Industries Ltd. (TEVA): Reduced

Impacts Portfolio: -0.99%

Current Shares: 169,660

Down 5% over 12 months, Teva Pharmaceutical Industries Ltd. has a market cap of $32.37 billion; its shares were traded at around $38.21 with a P/E ratio of 78.50.

Guru Action: As of June 30, 2013, Muhlenkamp Fund reduced its position by 41.05%, selling 118,150 shares at an average price of $38.94 for a loss of 1.6%.

The firm has averaged a loss of 5% on 293,140 shares bought at an average price of $40.16 per share. On shares sold, the firm averaged a loss of 2% on 123,480 shares sold at an average price of $38.99 per share.

Track historical pricing, revenue and net income:

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PNC Financial Services Group Inc. (PNC): Sold Out

Impacts Portfolio: -1.4%

Up 15% over 12 months, PNC Financial Services Group Inc. has a market cap of $38.4 billion; its shares were traded at around $72.55 with a P/E ratio of 10.90.

Guru Action: As of June 30, 2013, Muhlenkamp Fund sold out its position, selling 102,365 shares at an average price of $69.27, for a gain of 4.3%. The trading history shows double-digit gains in nine out of ten quarters of holding, dating back to the fourth quarter of 2010. The fund’s highest quarter was in the third quarter of 2011 with a gain of 41.2% on 5,555 shares bought at an average price of $51.15.

Track historical pricing, revenue and net income:

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Ronald H. Muhlenkamp is the founder and president of Muhlenkamp & Company Inc., and portfolio manager for the company's self-named mutual fund (MUHLX). Guru Ron Muhlenkamp is known as a patient value investor. He is a featured guest on CNBC's "Closing Bell" program in the "Closing Bell Exchange" segments.

Here is the complete portfolio of Ronald Muhlenkamp.



1. Ronald Muhlenkamp's Undervalued Stocks

2. Ronald Muhlenkamp's Top Growth Companies

3. Ronald Muhlenkamp's High Yield stocks

4. Stocks that Ronald Muhlenkamp keeps buying

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.9/5 (7 votes)

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