Muhlenkamp
Picture
Moves
Options: 2 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed−1.66
- trimmed−1.11
- trimmed−1.11
- trimmed−0.33
- trimmed−0.63
Positions
| BFHBread Financial Holdings, Inc. | 9.33% | 120,854 | $24M | trimmed−0% | −1.66 pp | 13 q |
| GILDGilead Sciences Inc | 7.13% | 217,000 | $18M | trimmed−0% | −1.11 pp | 13 q |
| AAPLApple Inc. | 5.67% | 150,630 | $14M | trimmed−0% | −1.11 pp | 13 q |
| BMYBristol-Myers Squibb Co. | 5.25% | 181,340 | $13M | trimmed−15% | −0.33 pp | 10 q |
| MSFTMicrosoft Corp | 4.75% | 235,538 | $12M | trimmed−0% | −0.63 pp | 13 q |
| ONON Semiconductor Corp | 4.38% | 1,261,735 | $11M | trimmed−1% | −0.63 pp | 8 q |
| GLDSPDR Gold Trust, SPDR Gold Shares | 4.35% | 87,320 | $11M | new | +4.35 pp | new |
| HN9Hanesbrands Inc | 3.95% | 399,155 | $10M | trimmed−1% | −0.73 pp | 13 q |
| LN5Lannett Co Inc | 3.79% | 404,405 | $10M | trimmed−1% | +0.79 pp | 2 q |
| TEVATeva Pharmaceutical Industries Limited | 3.49% | 176,655 | $9M | trimmed−0% | −0.41 pp | 13 q |
| MCKMcKesson Corporation | 3.40% | 46,183 | $9M | new | +3.40 pp | new |
| SAVEQSpirit Airlines, Inc. | 3.40% | 192,555 | $9M | trimmed−0% | −0.42 pp | 13 q |
| UNHUNITEDHEALTH GROUP INCORPORATED (Delaware) | 3.35% | 60,220 | $9M | trimmed−0% | +0.14 pp | 2 q |
| RUSHARush Enterprises Inc | 3.27% | 385,002 | $8M | held | — | 13 q |
| CECelanese Corporation | 3.21% | 124,570 | $8M | trimmed−1% | −0.17 pp | 7 q |
| unresolvedNeustar Inc | 2.85% | 307,680 | $7M | trimmed−1% | −0.28 pp | 9 q |
| PKWInvesco BuyBack Achievers ETF | 2.48% | 139,410 | $6M | trimmed−1% | −0.14 pp | 8 q |
| unresolvedWCI Communities Inc. | 2.41% | 362,670 | $6M | added+1% | −0.35 pp | 12 q |
| BIIBBiogen Inc. | 2.26% | 23,703 | $6M | trimmed−1% | −0.30 pp | 2 q |
| ALGTAllegiant Travel Company | 2.03% | 34,001 | $5M | trimmed−35% | −1.82 pp | 13 q |
| OLEDUniversal Display Corp | 2.00% | 74,930 | $5M | trimmed−1% | +0.32 pp | 13 q |
| DALDelta Air Lines, Inc. | 1.92% | 133,705 | $5M | trimmed−0% | −0.77 pp | 13 q |
| unresolvedGolar Lng Partners LP | 1.92% | 265,405 | $5M | trimmed−1% | +0.29 pp | 2 q |
| SLBSLB Limited | 1.87% | 60,080 | $5M | trimmed−0% | +0.04 pp | 4 q |
| CYHCommunity Health Systems, Inc. | 1.79% | 377,245 | $5M | new | +1.79 pp | new |
| HALHalliburton Company | 1.78% | 100,000 | $5M | held | — | 13 q |
| NLYAnnaly Capital Management. Inc. | 1.11% | 253,485 | $3M | trimmed−3% | 0.00 pp | 10 q |
| DLNGDynagas Lng Parners LP | 1.08% | 200,280 | $3M | trimmed−1% | +0.13 pp | 2 q |
| unresolvedGaslog Partners LP Unit Ltd Pt | 1.08% | 144,880 | $3M | trimmed−2% | +0.06 pp | 4 q |
| RUSHBRush Enterprises Inc | 0.79% | 95,927 | $2M | added0% | +0.07 pp | 13 q |
| CELGCelgene Corp | 0.77% | 19,809 | $2M | new | +0.77 pp | new |
| PFEPfizer Inc. | 0.51% | 37,049 | $1M | trimmed−4% | +0.04 pp | 13 q |
| unresolvedBoardwalk Pipeline Partners | 0.40% | 58,200 | $1M | held | — | 10 q |
| unresolvedQuorum Health Corp | 0.40% | 93,896 | $1M | new | +0.40 pp | new |
| unresolvedBellatrix Exploration Ltd | 0.31% | 788,265 | $780,000 | trimmed−0% | −0.02 pp | 13 q |
| DSLDoubleline Income Solutions Fund | 0.24% | 33,720 | $619,000 | held | — | 8 q |
| Diana Shipping Incconvertible | 0.19% | 28,900 | $482,000 | held | — | 8 q |
| MGNXMacroGenics, Inc. | 0.17% | 15,835 | $427,000 | trimmed−76% | −0.35 pp | 8 q |
| unresolvedRex Energy Corporation | 0.17% | 668,987 | $442,000 | trimmed−2% | −0.05 pp | 13 q |
| DCHDauch Corporation | 0.13% | 22,600 | $327,000 | held | — | 13 q |
| ABAllianceBernstein Holding, L.P. | 0.11% | 11,550 | $269,000 | held | — | 8 q |
| KMIKinder Morgan, Inc. | 0.11% | 14,570 | $273,000 | held | — | 3 q |
| GLNGGolar LNG Ltd | 0.11% | 17,210 | $267,000 | held | — | 2 q |
| LYBLyondellBasell Industries N.V. Class A | 0.09% | 3,000 | $223,000 | new | +0.09 pp | new |
| unresolvedAmerican Cap Ltd | 0.07% | 10,600 | $168,000 | held | — | 8 q |
| DSPGDSP Group Inc | 0.06% | 13,960 | $148,000 | trimmed−27% | −0.01 pp | 10 q |
| TNKTeekay Tankers Ltd. | 0.06% | 49,075 | $146,000 | held | — | 7 q |
| unresolvedAffimed NV | 0.03% | 29,154 | $72,000 | trimmed−7% | −0.02 pp | 4 q |
| unresolvedFlyht Aerospace Soluti Com | 0.00% | 22,000 | $3,000 | held | — | 11 q |
| unresolvedBaker Hughes Inc. | — | −110,965 | — | exited | −2.00 pp | — |
| unresolvedTeekay Offshore Partners L P | — | −14,915 | — | exited | −0.03 pp | — |
| GTIMGood Times Restaurants Inc. | — | −10,220 | — | exited | −0.02 pp | — |
| unresolvedCelgene Corp-cvr | — | −15,810 | — | exited | −0.01 pp | — |
| QUIKQuickLogic Corp | — | −21,815 | — | exited | −0.01 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| BIIB CALL | 33.49% | 3,000 | $725,000 |
| CSCO CALL | 25.17% | 19,000 | $545,000 |
| XOM PUT | 17.32% | 4,000 | $375,000 |
| GILD CALL | 12.33% | 3,200 | $267,000 |
| PHM CALL | 11.69% | 13,000 | $253,000 |
Notes