Muhlenkamp & Co Inc Buys Acuity Brands Inc, Sells Tencent Holdings, ON Semiconductor Corp, Naspers

• New Purchases: AYI,
• Reduced Positions: THO, BIIB, GMLP, AMLP, PKW, NLY, PFE,
• Sold Out: TCEHY, ON, NPSNY, PHM, LCI,

For the details of Ronald Muhlenkamp's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Ronald+Muhlenkamp

1. Apple Inc (AAPL) - 90,240 shares, 8.71% of the total portfolio. Shares reduced by 0.64%
2. Microsoft Corp (MSFT) - 162,102 shares, 7.93% of the total portfolio. Shares reduced by 0.44%
3. Alliance Data Systems Corp (ADS) - 70,078 shares, 7.08% of the total portfolio. Shares reduced by 0.63%
4. UnitedHealth Group Inc (UNH) - 58,221 shares, 6.63% of the total portfolio. Shares reduced by 0.46%
5. Express Scripts Holding Co (ESRX) - 128,695 shares, 5.23% of the total portfolio. Shares reduced by 0.63%

Muhlenkamp & Co Inc initiated holding in Acuity Brands Inc. The purchase prices were between $117.12 and $165.06, with an estimated average price of $143.51. The stock is now traded at around $126.52. The impact to a portfolio due to this purchase was 2.95%. The holding were 43,873 shares as of 2018-09-30.

Muhlenkamp & Co Inc sold out a holding in Tencent Holdings Ltd. The sale prices were between $39.28 and $50.95, with an estimated average price of $45.02.

Muhlenkamp & Co Inc sold out a holding in ON Semiconductor Corp. The sale prices were between $18.24 and $24.24, with an estimated average price of $21.37.

Muhlenkamp & Co Inc sold out a holding in Naspers Ltd. The sale prices were between $40.03 and $52.48, with an estimated average price of $47.07.

Muhlenkamp & Co Inc sold out a holding in PulteGroup Inc. The sale prices were between $24.77 and $31.29, with an estimated average price of $28.34.

Muhlenkamp & Co Inc sold out a holding in Lannett Co Inc. The sale prices were between $4.75 and $14.5, with an estimated average price of $9.53.

Muhlenkamp & Co Inc reduced to a holding in Thor Industries Inc by 78.34%. The sale prices were between $83.7 and $105.64, with an estimated average price of $95.68. The stock is now traded at around $71.88. The impact to a portfolio due to this sale was -1.3%. Muhlenkamp & Co Inc still held 9,700 shares as of 2018-09-30.

Muhlenkamp & Co Inc reduced to a holding in Biogen Inc by 27.03%. The sale prices were between $293.51 and $383.83, with an estimated average price of $343.66. The stock is now traded at around $323.93. The impact to a portfolio due to this sale was -0.75%. Muhlenkamp & Co Inc still held 18,368 shares as of 2018-09-30.