Muhlenkamp

Q1 2024 13F · by Jeff Muhlenkamp, portfolio manager

As of: Mar 31, 2024
Filed: Apr 23, 2024
US stock: $344M · prev $306M
Positions: 29 · prev 29
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves26 since the prior filing

+0.1 pp in · 0.0 pp out

New 0 0.00 pp
Added 26 +0.05 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Focused · behaves like 25 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions28% of US stock

AVGO Broadcom Inc. added+0.41 pp added+0.416.1%
MCK McKesson Corporation added+0.20 pp added+0.206.0%
RUSHA Rush Enterprises Inc added−0.28 pp added−0.285.8%
SLB SLB Limited added−0.31 pp added−0.315.0%
EQT Eqt Corp added−0.81 pp added−0.814.8%

Positions29 in this filing · 0 exited


AVGOBroadcom Inc.	6.12%	15,885	$21M	added+2%	+0.41 pp	4 q
MCKMcKesson Corporation	6.03%	38,691	$21M	added+1%	+0.20 pp	4 q
RUSHARush Enterprises Inc	5.77%	371,239	$20M	added+1%	−0.28 pp	4 q
SLBSLB Limited	5.02%	315,176	$17M	added+1%	−0.31 pp	4 q
EQTEqt Corp	4.85%	450,628	$17M	added+1%	−0.81 pp	4 q
KEXKirby Corporation	4.69%	169,314	$16M	added+1%	+0.37 pp	4 q
BRK.BBERKSHIRE HATHAWAY Class B	4.66%	38,183	$16M	added+1%	+0.24 pp	4 q
OXYOccidental Petroleum Corporation	4.48%	237,383	$15M	added+1%	−0.11 pp	4 q
NMIHNMI Holdings Inc.	4.36%	464,338	$15M	added+1%	−0.10 pp	4 q
BGCBGC Group, Inc. Class A	3.92%	1,735,480	$13M	added+1%	−0.12 pp	3 q
MSFTMicrosoft Corp	3.89%	31,863	$13M	added+3%	+0.09 pp	4 q
DOWDow Inc.	3.77%	224,122	$13M	added+1%	−0.21 pp	4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	3.62%	25,205	$12M	added+1%	−0.67 pp	4 q
MTZMasTec, Inc.	3.60%	132,990	$12M	added+2%	+0.36 pp	4 q
PHMPultegroup, Inc.	3.43%	97,864	$12M	added+1%	+0.17 pp	4 q
URIUnited Rentals, Inc.	3.21%	15,329	$11M	added+2%	+0.39 pp	3 q
AAPLApple Inc.	3.12%	62,604	$11M	added+4%	−0.69 pp	4 q
MCHPMicrochip Technology Inc	3.04%	116,779	$10M	added+5%	−0.25 pp	4 q
RGLDRoyal Gold Inc	3.04%	85,899	$10M	added+49%	+0.77 pp	4 q
TGNATEGNA Inc.	2.99%	688,293	$10M	added+2%	−0.40 pp	4 q
NEMNewmont Corporation	2.90%	278,949	$10M	added+94%	+0.96 pp	2 q
TMHCTaylor Morrison Home Corporation	2.79%	154,730	$10M	added+1%	+0.13 pp	4 q
WABWabtec Inc.	2.66%	62,814	$9M	added+1%	+0.09 pp	4 q
AMLPAlerian MLP ETF	2.41%	174,555	$8M	held	—	4 q
BMYBristol-Myers Squibb Co.	2.13%	135,045	$7M	added+2%	−0.08 pp	4 q
RIGTransocean LTD.	1.84%	1,010,498	$6M	added+3%	−0.19 pp	4 q
GLDSPDR Gold Trust, SPDR Gold Shares	1.29%	21,643	$4M	added+13%	+0.09 pp	4 q
EPDEnterprise Products Partners L.P.	0.21%	24,855	$725,269	held	—	4 q
RUSHBRush Enterprises Inc	0.15%	9,501	$506,308	held	—	4 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001133219-24-000002
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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