Muhlenkamp
Picture
Moves
Options: 9 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| AAPLApple Inc. | 7.60% | 145,822 | $25M | trimmed−1% | +0.06 pp | 19 q |
| ONON Semiconductor Corp | 6.54% | 1,013,293 | $21M | trimmed−16% | −0.89 pp | 14 q |
| MSFTMicrosoft Corp | 6.03% | 228,862 | $20M | trimmed−1% | +0.31 pp | 19 q |
| BFHBread Financial Holdings, Inc. | 5.46% | 69,965 | $18M | added0% | +0.33 pp | 19 q |
| GILDGilead Sciences Inc | 4.87% | 220,613 | $16M | trimmed−2% | −1.16 pp | 19 q |
| RUSHARush Enterprises Inc | 3.94% | 252,012 | $13M | held | — | 19 q |
| UNHUNITEDHEALTH GROUP INCORPORATED (Delaware) | 3.92% | 57,760 | $13M | trimmed−2% | +0.10 pp | 8 q |
| TCEHYTencent Hldgs UNSP/ | 3.88% | 242,763 | $13M | trimmed−0% | +0.34 pp | 6 q |
| CECelanese Corporation | 3.62% | 109,880 | $12M | added+1% | −0.17 pp | 13 q |
| MCKMcKesson Corporation | 3.36% | 69,947 | $11M | trimmed−1% | −0.26 pp | 7 q |
| BMYBristol-Myers Squibb Co. | 3.30% | 174,575 | $11M | trimmed−1% | −0.45 pp | 16 q |
| FHIFederated Hermes, Inc. | 3.22% | 289,401 | $10M | trimmed−1% | +0.34 pp | 5 q |
| GLDSPDR Gold Trust, SPDR Gold Shares | 3.15% | 82,735 | $10M | added0% | −0.19 pp | 7 q |
| LN5Lannett Co Inc | 3.10% | 433,134 | $10M | trimmed−5% | +0.31 pp | 8 q |
| HN9Hanesbrands Inc | 3.06% | 475,778 | $10M | trimmed−2% | −0.89 pp | 19 q |
| MCHPMicrochip Technology Inc | 2.63% | 97,148 | $9M | trimmed−2% | −0.32 pp | 4 q |
| unresolvedDowdupont Inc | 2.52% | 114,911 | $8M | trimmed−2% | −0.17 pp | 2 q |
| BIIBBiogen Inc. | 2.42% | 24,682 | $8M | added+1% | −0.13 pp | 8 q |
| CCJCameco Corporation | 2.42% | 850,562 | $8M | trimmed−2% | −0.36 pp | 5 q |
| CELGCelgene Corp | 2.25% | 70,101 | $7M | trimmed−2% | −1.21 pp | 7 q |
| OLEDUniversal Display Corp | 2.25% | 42,240 | $7M | trimmed−0% | +0.43 pp | 19 q |
| DALDelta Air Lines, Inc. | 2.20% | 127,750 | $7M | trimmed−2% | +0.12 pp | 19 q |
| PHMPultegroup, Inc. | 2.05% | 200,410 | $7M | new | +2.05 pp | new |
| THOThor Industries, Inc. | 2.02% | 43,545 | $7M | new | +2.02 pp | new |
| CTSHCognizant Technology Solutions | 2.00% | 91,275 | $6M | trimmed−1% | −0.22 pp | 2 q |
| unresolvedGolar Lng Partners LP | 1.78% | 253,035 | $6M | trimmed−0% | −0.17 pp | 8 q |
| NPSNYNaspers Ltd S/ | 1.51% | 86,668 | $5M | added+1% | +0.26 pp | 2 q |
| AZOAutoZone, Inc. | 1.48% | 6,774 | $5M | new | +1.48 pp | new |
| GMEGameStop Corp. Class A | 1.40% | 252,808 | $5M | trimmed−1% | −0.35 pp | 5 q |
| unresolvedExpress Scripts Hldg Co | 1.39% | 60,439 | $5M | trimmed−1% | +0.10 pp | 3 q |
| unresolvedGaslog Partners LP Unit Ltd Pt | 1.07% | 140,035 | $3M | trimmed−0% | −0.01 pp | 10 q |
| NLYAnnaly Capital Management. Inc. | 0.84% | 228,858 | $3M | added+1% | −0.08 pp | 16 q |
| PKWInvesco BuyBack Achievers ETF | 0.55% | 30,335 | $2M | trimmed−1% | −0.01 pp | 14 q |
| PFEPfizer Inc. | 0.31% | 27,494 | $996,000 | held | — | 19 q |
| Diana Shipping Incconvertible | 0.22% | 28,400 | $705,000 | trimmed−10% | −0.03 pp | 14 q |
| unresolvedBoardwalk Pipeline Partners | 0.21% | 52,200 | $674,000 | trimmed−4% | −0.05 pp | 16 q |
| BIVVBioverativ Inc | 0.18% | 11,127 | $600,000 | trimmed−0% | −0.03 pp | 4 q |
| RUSHBRush Enterprises Inc | 0.17% | 11,666 | $562,000 | trimmed−26% | −0.06 pp | 19 q |
| GLNGGolar LNG Ltd | 0.15% | 15,900 | $474,000 | trimmed−9% | +0.02 pp | 8 q |
| EPDEnterprise Products Partners L.P. | 0.14% | 16,700 | $443,000 | new | +0.14 pp | new |
| CTRACoterra Energy Inc. | 0.13% | 15,000 | $429,000 | trimmed−3% | −0.01 pp | 4 q |
| TPHTri Pointe Homes, Inc. | 0.11% | 20,800 | $373,000 | held | — | 3 q |
| ABAllianceBernstein Holding, L.P. | 0.09% | 11,150 | $279,000 | trimmed−7% | −0.01 pp | 14 q |
| MSMorgan Stanley | 0.09% | 5,805 | $305,000 | trimmed−11% | −0.01 pp | 6 q |
| DCHDauch Corporation | 0.08% | 15,400 | $262,000 | trimmed−6% | −0.02 pp | 19 q |
| AMPAmeriprise Financial, Inc. | 0.08% | 1,500 | $254,000 | trimmed−6% | 0.00 pp | 4 q |
| SAVEQSpirit Airlines, Inc. | 0.08% | 6,135 | $275,000 | trimmed−13% | 0.00 pp | 19 q |
| MGNXMacroGenics, Inc. | 0.06% | 10,515 | $200,000 | trimmed−18% | −0.02 pp | 14 q |
| unresolvedEldorado Gold (C$) | 0.03% | 70,000 | $100,000 | trimmed−9% | −0.03 pp | 4 q |
| unresolvedAffimed NV | 0.02% | 61,000 | $79,000 | trimmed−2% | −0.03 pp | 10 q |
| TEVATeva Pharmaceutical Industries Limited | 0.00% | 700 | $13,000 | held | — | 19 q |
| DLNGDynagas Lng Parners LP | — | −198,922 | — | exited | −0.92 pp | — |
| unresolvedEnergy Transfer Partners LP | — | −24,960 | — | exited | −0.15 pp | — |
| LYBLyondellBasell Industries N.V. Class A | — | −2,900 | — | exited | −0.10 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| GILD CALL | 12.84% | 24,700 | $2M |
| F PUT | 9.96% | 110,000 | $1M |
| ALLY PUT | 9.90% | 46,800 | $1M |
| General Growth Pptys Inc New PUT | 8.06% | 47,500 | $1M |
| TSLA PUT | 6.77% | 3,000 | $934,000 |
| CNQ PUT | 6.48% | 25,000 | $893,000 |
| BAC CALL | 6.06% | 28,300 | $835,000 |
| PAA PUT | 3.89% | 26,000 | $537,000 |
| NAVI PUT | 3.76% | 39,000 | $519,000 |
| LEN CALL | 3.71% | 8,100 | $512,000 |
| Hcp Inc PUT | 3.40% | 18,000 | $469,000 |
| WMB PUT | 3.31% | 15,000 | $457,000 |
| VIAB PUT | 3.13% | 14,000 | $431,000 |
| GM PUT | 2.76% | 9,300 | $381,000 |
| Sprint Nextel Corp PUT | 2.44% | 57,000 | $336,000 |
| GLNG CALL | 2.38% | 11,000 | $328,000 |
| AKS PUT | 2.34% | 57,000 | $323,000 |
| CELG CALL | 2.27% | 3,000 | $313,000 |
| GM CALL | 1.78% | 6,000 | $246,000 |
| TEVA CALL | 1.78% | 13,000 | $246,000 |
| CSCO CALL | 1.67% | 6,000 | $230,000 |
| 0WE CALL | 1.30% | 43,000 | $179,000 |
Notes