Ronald Muhlenkamp13F | |
Muhlenkamp & Co Inc | |
Last update 2024-04-23 | 29 Stocks (0 new) |
Value $344.00 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 |
NEM |
RGLD |
GLD |
MCHP |
AAPL |
MSFT |
AVGO |
RIG |
URI |
BGC |
BMY |
MTZ |
NMIH |
PHM |
RUSHA |
TGNA |
BRK.B |
DOW |
OXY |
TMHC |
UNH |
WAB |
EQT |
KEX |
MCK |
SLB |
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 |
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 |
NEM | Newmont Corp | 2024-03-31 | Add | +1.41% | 29.86 ($34.47) 40.91 | $42.57 | 23.50% | Add 94.25% | 278,949 | 135,348 | |
RGLD | Royal Gold Inc | 2024-03-31 | Add | +1.01% | 101.3 ($112.92) 122.47 | $128.45 | 13.75% | Add 49.43% | 85,899 | 28,414 | |
GLD | SPDR Gold Shares ETF | 2024-03-31 | Add | +0.15% | 184.42 ($191.93) 205.72 | $218.09 | 13.63% | Add 13.19% | 21,643 | 2,522 | |
MCHP | Microchip Technology Inc | 2024-03-31 | Add | +0.13% | 80.58 ($86.19) 93.34 | $93.86 | 8.90% | Add 4.61% | 116,779 | 5,144 | |
AAPL | Apple Inc | 2024-03-31 | Add | +0.11% | 169 ($181.83) 195.18 | $187.43 | 3.08% | Add 3.59% | 62,604 | 2,170 | |
MSFT | Microsoft Corp | 2024-03-31 | Add | +0.11% | 367.75 ($404.82) 429.37 | $416.56 | 2.90% | Add 3.02% | 31,863 | 935 | |
AVGO | Broadcom Inc | 2024-03-31 | Add | +0.10% | 1049.01 ($1239) 1407.01 | $1,380.03 | 11.38% | Add 1.62% | 15,885 | 254 | |
RIG | Transocean Ltd | 2024-03-31 | Add | +0.06% | 4.67 ($5.46) 6.28 | $6.01 | 10.07% | Add 3.45% | 1,010,498 | 33,740 | |
URI | United Rentals Inc | 2024-03-31 | Add | +0.06% | 541.39 ($641.68) 721.11 | $694.47 | 8.23% | Add 1.92% | 15,329 | 289 | |
BGC | BGC Group Inc | 2024-03-31 | Add | +0.05% | 6.65 ($7.41) 8.55 | $8.65 | 16.73% | Add 1.38% | 1,735,480 | 23,553 | |
BMY | Bristol-Myers Squibb Co | 2024-03-31 | Add | +0.05% | 47.98 ($50.94) 54.4 | $44.71 | -12.23% | Add 2.49% | 135,045 | 3,285 | |
MTZ | MasTec Inc | 2024-03-31 | Add | +0.05% | 63.16 ($76.04) 93.73 | $106.77 | 40.41% | Add 1.51% | 132,990 | 1,981 | |
NMIH | NMI Holdings Inc | 2024-03-31 | Add | +0.05% | 28.94 ($30.18) 32.34 | $33.52 | 11.07% | Add 1.05% | 464,338 | 4,805 | |
PHM | PulteGroup Inc | 2024-03-31 | Add | +0.05% | 100.31 ($107.29) 120.62 | $116.18 | 8.29% | Add 1.34% | 97,864 | 1,296 | |
RUSHA | Rush Enterprises Inc | 2024-03-31 | Add | +0.05% | 42.92 ($47.27) 53.52 | $45.41 | -3.93% | Add 0.96% | 371,239 | 3,526 | |
TGNA | Tegna Inc | 2024-03-31 | Add | +0.05% | 13.53 ($14.86) 15.84 | $15.72 | 5.79% | Add 1.57% | 688,293 | 10,652 | |
BRK.B | Berkshire Hathaway Inc | 2024-03-31 | Add | +0.04% | 359.29 ($393.34) 420.52 | $410.24 | 4.30% | Add 0.88% | 38,183 | 334 | |
DOW | Dow Inc | 2024-03-31 | Add | +0.04% | 52.47 ($55.26) 58.17 | $59.65 | 7.94% | Add 0.99% | 224,122 | 2,190 | |
OXY | Occidental Petroleum Corp | 2024-03-31 | Add | +0.04% | 56.22 ($59.73) 64.99 | $63.06 | 5.58% | Add 0.96% | 237,383 | 2,264 | |
TMHC | Taylor Morrison Home Corp | 2024-03-31 | Add | +0.04% | 50.66 ($55.09) 62.17 | $59.81 | 8.57% | Add 1.44% | 154,730 | 2,198 | |
UNH | UnitedHealth Group Inc | 2024-03-31 | Add | +0.04% | 472.6 ($508.38) 545.42 | $513.88 | 1.08% | Add 1.15% | 25,205 | 286 | |
WAB | Westinghouse Air Brake Technologies Corp | 2024-03-31 | Add | +0.04% | 123.99 ($135.45) 145.87 | $165.15 | 21.93% | Add 1.38% | 62,814 | 852 | |
EQT | EQT Corp | 2024-03-31 | Add | +0.03% | 32.96 ($35.82) 38.92 | $40.71 | 13.65% | Add 0.64% | 450,628 | 2,876 | |
KEX | Kirby Corp | 2024-03-31 | Add | +0.03% | 75.27 ($84.38) 95.32 | $114.43 | 35.61% | Add 0.66% | 169,314 | 1,107 | |
MCK | McKesson Corp | 2024-03-31 | Add | +0.03% | 473.42 ($507.73) 539.26 | $551.58 | 8.64% | Add 0.54% | 38,691 | 209 | |
SLB | Schlumberger Ltd | 2024-03-31 | Add | +0.03% | 47.08 ($50.41) 54.9 | $48.62 | -3.55% | Add 0.62% | 315,176 | 1,931 | |
KRE | SPDR S&P Regional Banking ETF | 2023-12-31 | Sold Out | -3.59% | 38.57 ($44.72) 53.82 | $50.89 | 13.80% | Sold Out | 0 | -249,235 | |
FNV | Franco-Nevada Corp | 2023-12-31 | Sold Out | -2.20% | 103.8 ($121.65) 140.89 | $126.75 | 4.19% | Sold Out | 0 | -47,811 | |
NEM | Newmont Corp | 2023-12-31 | New Buy | +1.94% | 33.95 ($38.61) 42.38 | $42.57 | 10.26% | New holding | 143,601 | 143,601 | |
TGNA | Tegna Inc | 2023-12-31 | Add | +1.23% | 13.77 ($14.99) 16 | $15.72 | 4.87% | Add 57.03% | 677,641 | 246,100 | |
AVGO | Broadcom Inc | 2023-12-31 | Reduce | -0.09% | 814.83 ($946.88) 1147 | $1,380.03 | 45.74% | Reduce -2.04% | 15,631 | -325 | |
TMO | Thermo Fisher Scientific Inc | 2023-12-31 | Sold Out | -0.08% | 431.41 ($484.03) 532.94 | $594.80 | 22.88% | Sold Out | 0 | -450 | |
AAPL | Apple Inc | 2023-12-31 | Reduce | -0.06% | 166.89 ($184.64) 198.11 | $187.43 | 1.51% | Reduce -1.71% | 60,434 | -1,050 | |
BGC | BGC Group Inc | 2023-12-31 | Add | +0.04% | 5.13 ($6.19) 7.22 | $8.65 | 39.74% | Add 0.98% | 1,711,927 | 16,535 | |
NMIH | NMI Holdings Inc | 2023-12-31 | Add | +0.04% | 26.16 ($27.91) 30.12 | $33.52 | 20.10% | Add 0.8% | 459,533 | 3,648 | |
RUSHA | Rush Enterprises Inc | 2023-12-31 | Add | +0.04% | 34.91 ($40.34) 50.3 | $45.41 | 12.57% | Add 0.73% | 367,713 | 2,662 | |
URI | United Rentals Inc | 2023-12-31 | Add | +0.04% | 399.02 ($471.7) 580.47 | $694.47 | 47.23% | Add 1.46% | 15,040 | 217 | |
WAB | Westinghouse Air Brake Technologies Corp | 2023-12-31 | Add | +0.04% | 98.74 ($112.87) 127.14 | $165.15 | 46.32% | Add 1.48% | 61,962 | 904 | |
BRK.B | Berkshire Hathaway Inc | 2023-12-31 | Add | +0.03% | 331.71 ($350.99) 362.68 | $410.24 | 16.88% | Add 0.77% | 37,849 | 289 | |
BMY | Bristol-Myers Squibb Co | 2023-12-31 | Add | +0.03% | 48.48 ($52.49) 57.85 | $44.71 | -14.82% | Add 1.56% | 131,760 | 2,028 | |
DOW | Dow Inc | 2023-12-31 | Add | +0.03% | 47.54 ($51.09) 55.71 | $59.65 | 16.75% | Add 0.85% | 221,932 | 1,874 | |
EQT | EQT Corp | 2023-12-31 | Add | +0.03% | 36.01 ($40.55) 44.72 | $40.71 | 0.39% | Add 0.53% | 447,752 | 2,370 | |
KEX | Kirby Corp | 2023-12-31 | Add | +0.03% | 72.79 ($78.2) 83.19 | $114.43 | 46.33% | Add 0.78% | 168,207 | 1,299 | |
MTZ | MasTec Inc | 2023-12-31 | Add | +0.03% | 47.6 ($62.54) 75.72 | $106.77 | 70.72% | Add 1.03% | 131,009 | 1,332 | |
MCK | McKesson Corp | 2023-12-31 | Add | +0.03% | 437.42 ($454.73) 470.64 | $551.58 | 21.30% | Add 0.56% | 38,482 | 215 | |
MSFT | Microsoft Corp | 2023-12-31 | Reduce | -0.03% | 313.39 ($355.93) 382.7 | $416.56 | 17.03% | Reduce -0.96% | 30,928 | -300 | |
OXY | Occidental Petroleum Corp | 2023-12-31 | Add | +0.03% | 55.55 ($61.02) 66.5 | $63.06 | 3.34% | Add 0.73% | 235,119 | 1,707 | |
PHM | PulteGroup Inc | 2023-12-31 | Add | +0.03% | 69.65 ($84.98) 104.88 | $116.18 | 36.71% | Add 0.86% | 96,568 | 825 | |
SLB | Schlumberger Ltd | 2023-12-31 | Add | +0.03% | 48.46 ($54.35) 60.59 | $48.62 | -10.54% | Add 0.62% | 313,245 | 1,943 | |
GLD | SPDR Gold Shares ETF | 2023-12-31 | Add | +0.03% | 168.83 ($183.27) 192.59 | $218.09 | 19.00% | Add 2.2% | 19,121 | 411 | |
TMHC | Taylor Morrison Home Corp | 2023-12-31 | Add | +0.03% | 37.7 ($44.7) 54.22 | $59.81 | 33.80% | Add 1.06% | 152,532 | 1,595 | |
RIG | Transocean Ltd | 2023-12-31 | Add | +0.03% | 5.65 ($6.69) 7.88 | $6.01 | -10.16% | Add 1.67% | 976,758 | 16,081 | |
UNH | UnitedHealth Group Inc | 2023-12-31 | Add | +0.03% | 509.47 ($533.34) 552.97 | $513.88 | -3.65% | Add 0.73% | 24,919 | 181 | |
RGLD | Royal Gold Inc | 2023-12-31 | Add | +0.02% | 102.87 ($113.01) 124.3 | $128.45 | 13.66% | 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 | $43.95 | 279.86% | 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 | $50.89 | 24.88% | New holding | 249,235 | 249,235 | |
BGC | BGC Group Inc | 2023-06-30 | New Buy | +2.46% | 3.99 ($4.45) 5.23 | $8.65 | 94.38% | New holding | 1,567,592 | 1,567,592 | |
RIG | Transocean Ltd | 2023-06-30 | New Buy | +2.13% | 5.65 ($6.18) 7.04 | $6.01 | -2.75% | New holding | 855,992 | 855,992 | |
AMLP | Alerian MLP ETF | 2023-06-30 | Reduce | -1.77% | 36.82 ($38.39) 39.69 | $46.71 | 21.67% | Reduce -38.61% | 174,555 | -109,762 | |
CCJ | Cameco Corp | 2023-06-30 | Sold Out | -1.56% | 25.1 ($28.09) 31.95 | $49.98 | 77.93% | Sold Out | 0 | -161,964 | |
PHM | PulteGroup Inc | 2023-06-30 | New Buy | +1.50% | 57.84 ($67.63) 78.67 | $116.18 | 71.79% | New holding | 54,519 | 54,519 | |
NMIH | NMI Holdings Inc | 2023-06-30 | Add | +1.49% | 21.62 ($24.2) 26.57 | $33.52 | 38.51% | 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 | $59.81 | 39.16% | New holding | 85,789 | 85,789 | |
TGNA | Tegna Inc | 2023-06-30 | New Buy | +1.21% | 15.29 ($16.31) 17.26 | $15.72 | -3.62% | New holding | 209,438 | 209,438 | |
FNV | Franco-Nevada Corp | 2023-06-30 | Add | +0.47% | 136.72 ($149.96) 160.42 | $126.75 | -15.48% | Add 24.48% | 47,783 | 9,398 | |
RGLD | Royal Gold Inc | 2023-06-30 | Add | +0.40% | 111.59 ($128.69) 143.88 | $128.45 | -0.19% | Add 21.15% | 56,859 | 9,927 | |
AAPL | Apple Inc | 2023-06-30 | Add | +0.35% | 160.1 ($174.1) 193.97 | $187.43 | 7.66% | Add 9.24% | 60,370 | 5,104 | |
KEX | Kirby Corp | 2023-06-30 | Add | +0.08% | 66.6 ($71.93) 76.95 | $114.43 | 59.09% | Add 1.71% | 167,205 | 2,810 | |
SLB | SLB | 2023-06-30 | Reduce | -0.06% | 42.83 ($47.71) 52.63 | $48.62 | 1.91% | Reduce -0.79% | 311,735 | -2,473 | |
MSFT | Microsoft Corp | 2023-06-30 | Reduce | -0.04% | 275.42 ($313.01) 348.1 | $416.56 | 33.08% | Reduce -1.19% | 30,892 | -372 | |
BRK.B | Berkshire Hathaway Inc | 2023-06-30 | Add | +0.03% | 308.77 ($326.09) 341 | $410.24 | 25.81% | Add 0.58% | 37,646 | 216 | |
AVGO | Broadcom Inc | 2023-06-30 | Reduce | -0.01% | 610.16 ($712.03) 886.18 | $1,380.03 | 93.82% | Reduce -0.28% | 16,035 | -45 | |
MTZ | MasTec Inc | 2023-06-30 | Reduce | -0.01% | 85.2 ($97.88) 117.97 | $106.77 | 9.08% | Reduce -0.31% | 127,819 | -398 | |
CVS | CVS Health Corp | 2023-06-30 | Add | +0.01% | 66.65 ($71.2) 77.75 | $56.00 | -21.35% | Add 0.52% | 110,695 | 572 | |
MCHP | Microchip Technology Inc | 2023-06-30 | Reduce | -0.01% | 71.8 ($78.97) 89.59 | $93.86 | 18.86% | Reduce -0.25% | 111,744 | -280 | |
UNH | UnitedHealth Group Inc | 2023-06-30 | Reduce | -0.01% | 458.49 ($488.72) 526.23 | $513.88 | 5.15% | Reduce -0.1% | 24,730 | -25 | |
MCK | McKesson Corp | 2023-06-30 | Add | +0.01% | 354.01 ($383.91) 427.31 | $551.58 | 43.67% | Add 0.2% | 38,325 | 76 | |
BMY | Bristol-Myers Squibb Co | 2023-06-30 | Add | +0.01% | 63.71 ($67.09) 70.74 | $44.71 | -33.36% | Add 0.48% | 129,569 | 619 | |
RUSHA | Rush Enterprises Inc | 2023-06-30 | Reduce | -0.01% | 33.47 ($36.67) 40.83 | $45.41 | 23.83% | Reduce -0.28% | 359,597 | -675 | |
OXY | Occidental Petroleum Corp | 2023-06-30 | Reduce | 0% | 56.07 ($60.03) 65.18 | $63.06 | 5.05% | Reduce -0.02% | 232,872 | -54 | |
RUSHB | Rush Enterprises Inc | 2023-06-30 | Add | 0% | 36.85 ($40.46) 45.37 | $42.44 | 4.89% | Add 1.28% | 9,503 | 80 | |
GLD | SPDR Gold Shares ETF | 2023-06-30 | Add | 0% | 177.09 ($183.74) 190.44 | $218.09 | 18.69% | Add 0.29% | 18,485 | 53 | |
EQT | EQT Corp | 2023-06-30 | Reduce | 0% | 31.04 ($35.3) 41.13 | $40.71 | 15.33% | Reduce -0.03% | 445,715 | -126 | |
DOW | Dow Inc | 2023-06-30 | Reduce | 0% | 48.78 ($53.18) 56.92 | $59.65 | 12.17% | Reduce -0.03% | 217,893 | -65 | |
WAB | Westinghouse Air Brake Technologies Corp | 2023-06-30 | Reduce | 0% | 92.63 ($99.31) 109.67 | $165.15 | 66.30% | 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 | $43.95 | 208.20% | 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 | $12.29 | -25.33% | 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 | $117.67 | 9.83% | New holding | 1,952 | 1,952 | |
OXY | Occidental Petroleum Corp | 2022-12-31 | Reduce | -0.01% | 61.8 ($68.1) 75.97 | $63.06 | -7.40% | Reduce -0.1% | 232,926 | -237 | |
EQT | EQT Corp | 2022-12-31 | Reduce | -0.01% | 33.5 ($40.14) 45.34 | $40.71 | 1.42% | Reduce -0.1% | 445,841 | -451 | |
MCK | McKesson Corp | 2022-12-31 | Add | +0.01% | 345.39 ($372.97) 397.58 | $551.58 | 47.89% | Add 0.1% | 38,249 | 40 | |
RUSHB | Rush Enterprises Inc | 2022-12-31 | Reduce | -0.01% | 32.47 ($35.33) 38.55 | $42.44 | 20.12% | Reduce -3.87% | 9,383 | -252 | |
BMY | Bristol-Myers Squibb Co | 2022-12-31 | Add | +0.01% | 68.48 ($75.4) 81.13 | $44.71 | -40.70% | Add 0.15% | 128,950 | 197 | |
AMLP | Alerian MLP ETF | 2022-12-31 | Add | 0% | 36.6 ($39.01) 41.42 | $46.71 | 19.74% | Add 0.09% | 284,317 | 260 | |
KEX | Kirby Corp | 2022-12-31 | Reduce | 0% | 62.22 ($66.74) 71.09 | $114.43 | 71.46% | Reduce -0.09% | 164,395 | -154 | |
BRK.B | Berkshire Hathaway Inc | 2022-12-31 | Add | 0% | 264 ($296.98) 318.6 | $410.24 | 38.14% | Add 0.1% | 37,430 | 36 | |
MSFT | Microsoft Corp | 2022-12-31 | Reduce | 0% | 214.25 ($239.99) 257.22 | $416.56 | 73.57% | Reduce -0.07000000000000001% | 31,264 | -21 | |
CVS | CVS Health Corp | 2022-12-31 | Add | 0% | 87.84 ($96.49) 103.79 | $56.00 | -41.96% | Add 0.11% | 110,123 | 122 | |
AVGO | Broadcom Inc | 2022-12-31 | Reduce | 0% | 427.1 ($501.4) 574.44 | $1,380.03 | 175.24% | Reduce -0.1% | 16,080 | -16 |
Total 170
Ronald Muhlenkamp News
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