Muhlenkamp
Picture
Moves
Options: 5 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed+0.40
- trimmed+0.10
- trimmed−0.53
- trimmed+0.29
- trimmed+0.27
Positions
| BFHBread Financial Holdings, Inc. | 9.99% | 118,642 | $30M | trimmed−0% | +0.40 pp | 17 q |
| AAPLApple Inc. | 7.00% | 148,146 | $21M | trimmed−0% | +0.10 pp | 17 q |
| ONON Semiconductor Corp | 5.70% | 1,238,320 | $17M | trimmed−0% | −0.53 pp | 12 q |
| MSFTMicrosoft Corp | 5.25% | 232,388 | $16M | trimmed−0% | +0.29 pp | 17 q |
| GILDGilead Sciences Inc | 5.24% | 225,685 | $16M | trimmed−0% | +0.27 pp | 17 q |
| MCKMcKesson Corporation | 3.85% | 71,365 | $12M | trimmed−0% | +0.42 pp | 5 q |
| CECelanese Corporation | 3.80% | 122,165 | $12M | trimmed−0% | +0.24 pp | 11 q |
| HN9Hanesbrands Inc | 3.78% | 497,766 | $12M | trimmed−0% | +0.42 pp | 17 q |
| UNHUNITEDHEALTH GROUP INCORPORATED (Delaware) | 3.59% | 59,024 | $11M | added0% | +0.45 pp | 6 q |
| GLDSPDR Gold Trust, SPDR Gold Shares | 3.27% | 84,600 | $10M | trimmed−0% | +0.01 pp | 5 q |
| BMYBristol-Myers Squibb Co. | 3.25% | 177,974 | $10M | trimmed−0% | +0.11 pp | 14 q |
| LN5Lannett Co Inc | 3.25% | 486,060 | $10M | trimmed−0% | −0.27 pp | 6 q |
| CELGCelgene Corp | 3.08% | 72,418 | $9M | trimmed−0% | +0.16 pp | 5 q |
| RUSHARush Enterprises Inc | 3.07% | 252,012 | $9M | held | — | 17 q |
| TCEHYTencent Hldgs UNSP/ | 2.95% | 249,696 | $9M | trimmed−0% | +0.61 pp | 4 q |
| FHIFederated Hermes, Inc. | 2.77% | 298,936 | $8M | trimmed−0% | +0.22 pp | 3 q |
| CCJCameco Corporation | 2.60% | 870,798 | $8M | trimmed−0% | −0.53 pp | 3 q |
| MCHPMicrochip Technology Inc | 2.52% | 99,670 | $8M | trimmed−0% | +0.13 pp | 2 q |
| unresolvedDow Chemical Co | 2.44% | 117,895 | $7M | trimmed−0% | +0.01 pp | 2 q |
| DALDelta Air Lines, Inc. | 2.33% | 132,150 | $7M | trimmed−1% | +0.35 pp | 17 q |
| BIIBBiogen Inc. | 2.27% | 25,545 | $7M | trimmed−0% | +0.01 pp | 6 q |
| GMEGameStop Corp. Class A | 1.82% | 256,519 | $6M | trimmed−1% | −0.07 pp | 3 q |
| unresolvedGolar Lng Partners LP | 1.72% | 260,795 | $5M | trimmed−0% | −0.17 pp | 6 q |
| SLBSLB Limited | 1.58% | 73,010 | $5M | trimmed−0% | −0.27 pp | 8 q |
| OLEDUniversal Display Corp | 1.52% | 42,435 | $5M | trimmed−26% | −0.09 pp | 17 q |
| SAVEQSpirit Airlines, Inc. | 1.51% | 88,990 | $5M | trimmed−51% | −1.61 pp | 17 q |
| unresolvedExpress Scripts Hldg Co | 1.30% | 61,979 | $4M | new | +1.30 pp | new |
| unresolvedNaspers Limited | 1.17% | 175,096 | $4M | new | +1.17 pp | new |
| TEVATeva Pharmaceutical Industries Limited | 1.16% | 106,505 | $4M | trimmed−0% | +0.05 pp | 17 q |
| unresolvedGaslog Partners LP Unit Ltd Pt | 1.06% | 142,910 | $3M | trimmed−0% | −0.08 pp | 8 q |
| DLNGDynagas Lng Parners LP | 1.03% | 205,832 | $3M | trimmed−0% | −0.15 pp | 6 q |
| NLYAnnaly Capital Management. Inc. | 0.94% | 237,215 | $3M | trimmed−1% | +0.08 pp | 14 q |
| PKWInvesco BuyBack Achievers ETF | 0.61% | 34,485 | $2M | trimmed−2% | +0.02 pp | 12 q |
| PFEPfizer Inc. | 0.36% | 33,034 | $1M | held | — | 17 q |
| unresolvedBoardwalk Pipeline Partners | 0.32% | 54,200 | $976,000 | held | — | 14 q |
| BIVVBioverativ Inc | 0.23% | 11,531 | $694,000 | trimmed−0% | +0.03 pp | 2 q |
| Diana Shipping Incconvertible | 0.23% | 31,400 | $697,000 | held | — | 12 q |
| RUSHBRush Enterprises Inc | 0.19% | 16,206 | $590,000 | trimmed−1% | +0.02 pp | 17 q |
| unresolvedEnergy Transfer Partners LP | 0.17% | 24,960 | $509,000 | new | +0.17 pp | new |
| CTRACoterra Energy Inc. | 0.13% | 15,510 | $389,000 | held | — | 2 q |
| GLNGGolar LNG Ltd | 0.13% | 17,510 | $390,000 | held | — | 6 q |
| DCHDauch Corporation | 0.12% | 24,200 | $378,000 | held | — | 17 q |
| MSMorgan Stanley | 0.11% | 7,257 | $323,000 | added+12% | +0.02 pp | 4 q |
| TPHTri Pointe Homes, Inc. | 0.11% | 26,000 | $343,000 | new | +0.11 pp | new |
| ABAllianceBernstein Holding, L.P. | 0.09% | 12,050 | $285,000 | held | — | 12 q |
| MGNXMacroGenics, Inc. | 0.08% | 13,167 | $231,000 | held | — | 12 q |
| LYBLyondellBasell Industries N.V. Class A | 0.08% | 2,900 | $245,000 | held | — | 5 q |
| AMPAmeriprise Financial, Inc. | 0.07% | 1,600 | $204,000 | held | — | 2 q |
| unresolvedEldorado Gold (C$) | 0.07% | 77,340 | $204,000 | held | — | 2 q |
| unresolvedAffimed NV | 0.05% | 72,786 | $149,000 | held | — | 8 q |
| unresolvedCooper Cos Inc/The | 0.01% | 170 | $41,000 | held | — | 2 q |
| GMGeneral Motors Company | 0.01% | 665 | $23,000 | new | +0.01 pp | new |
| TSLATesla, Inc. | 0.01% | 75 | $27,000 | new | +0.01 pp | new |
| 5F8Flyht Aerospace Solutions Lt | 0.00% | 22,000 | $4,000 | new | 0.00 pp | new |
| unresolvedTwenty First Centy Fox Inc | — | −242,290 | — | exited | −2.54 pp | — |
| ALGTAllegiant Travel Company | — | −15,646 | — | exited | −0.81 pp | — |
| unresolvedBellatrix Exploration Ltd | — | −590,100 | — | exited | −0.15 pp | — |
| unresolvedEnergy Transfer Prtnrs L P | — | −11,440 | — | exited | −0.14 pp | — |
| unresolvedRex Energy Corporation | — | −634,589 | — | exited | −0.10 pp | — |
| unresolvedFlyht Aerospace Soluti Com | — | −22,000 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| GILD CALL | 12.59% | 25,600 | $2M |
| F PUT | 8.56% | 110,000 | $1M |
| General Growth Pptys Inc New PUT | 7.78% | 47,500 | $1M |
| TSLA PUT | 7.54% | 3,000 | $1M |
| ALLY PUT | 6.80% | 46,800 | $978,000 |
| BIIB CALL | 5.66% | 3,000 | $814,000 |
| BAC CALL | 5.06% | 30,000 | $728,000 |
| CNQ PUT | 5.01% | 25,000 | $721,000 |
| PAA PUT | 4.75% | 26,000 | $683,000 |
| NAVI PUT | 4.51% | 39,000 | $649,000 |
| Hcp Inc PUT | 4.00% | 18,000 | $575,000 |
| VIAB PUT | 3.27% | 14,000 | $470,000 |
| Sprint Nextel Corp PUT | 3.25% | 57,000 | $468,000 |
| WMB PUT | 3.16% | 15,000 | $454,000 |
| LEN CALL | 3.00% | 8,100 | $432,000 |
| CELG CALL | 2.71% | 3,000 | $390,000 |
| AKS PUT | 2.60% | 57,000 | $374,000 |
| JCP PUT | 1.94% | 60,000 | $279,000 |
| AFL PUT | 1.79% | 3,300 | $257,000 |
| Cooper Cos Inc/The CALL | 1.66% | 1,000 | $239,000 |
| GM CALL | 1.56% | 6,400 | $224,000 |
| AVP PUT | 1.51% | 57,000 | $217,000 |
| 0WE CALL | 1.20% | 44,500 | $172,000 |
| CCJ CALL | 0.13% | 2,000 | $18,000 |
Notes