Muhlenkamp & Company 13F, Q1 2025
Muhlenkamp · quarter ending 31 March 2025 · filed 13 May 2025 · SEC CIK 1133219
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 26 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| MCKESSON CORP | MCK | $25.97M | 8.5% | unchanged |
| EQT CORP | EQT | $24.05M | 7.9% | unchanged |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $20.31M | 6.7% | unchanged |
| RUSH ENTERPRISES INC | RUSHA | $19.84M | 6.5% | unchanged |
| NMI HLDGS INC | NMIH | $16.69M | 5.5% | unchanged |
| AGNICO EAGLE MINES LTD | AEM | $16.40M | 5.4% | unchanged |
| BGC GROUP INC | BGC | $15.90M | 5.2% | unchanged |
| ROYAL GOLD INC | RGLD | $14.30M | 4.7% | unchanged |
| APPLE INC | AAPL | $13.87M | 4.5% | unchanged |
| NEWMONT CORP | NEM | $13.70M | 4.5% | unchanged |
| SCHLUMBERGER LTD | SLB | $13.20M | 4.3% | unchanged |
| UNITEDHEALTH GROUP INC | UNH | $13.12M | 4.3% | unchanged |
| MASTEC INC | MTZ | $12.31M | 4.0% | unchanged |
| MICROSOFT CORP | MSFT | $12.10M | 4.0% | unchanged |
| WABTEC | WAB | $11.31M | 3.7% | unchanged |
| UNITED RENTALS INC | URI | $9.63M | 3.1% | unchanged |
| TAYLOR MORRISON HOME CORP | TMHC | $9.32M | 3.0% | unchanged |
| ALPS ETF TR | AMLP | $9.18M | 3.0% | unchanged |
| JD.COM INC | JD | $8.38M | 2.7% | +110% shares |
| DOW INC | DOW | $7.87M | 2.6% | unchanged |
| SPDR GOLD TR | GLD | $6.43M | 2.1% | unchanged |
| MICROCHIP TECHNOLOGY INC. | MCHP | $5.38M | 1.8% | -6% shares |
| TRANSOCEAN LTD | $3.25M | 1.1% | unchanged | |
| TRAVELERS COMPANIES INC | TRV | $1.76M | 0.6% | new |
| ENTERPRISE PRODS PARTNERS L | EPD | $848.5K | 0.3% | -7% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Muhlenkamp & Company opened 1 new position, added to 1, trimmed 2, left 22 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001133219-25-000004, filed by MUHLENKAMP & CO INC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.