Tegna Inc. Exits with a -3.84% Impact
Ronald Muhlenkamp (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Ronald H. Muhlenkamp is the founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company’s self-named mutual fund (MUHLX). Muhlenkamp is a patient value investor. The stocks in his portfolio stay an average of 10 years. He is a value guru who believes that over time, stock prices do reflect the values of the underlying businesses. When picking stocks, he looks for companies with solid balance sheets, and a return on equity capital (ROE) of 15% or better. Although his methods change with inflation and interest rates, he currently looks for companies with a P/E ratio lower than the companies’ ROE and expected growth rates. He focuses on the long-term “Business of Investing” because he thinks that it is more profitable and more reliable. As a long-term investor, his “normal” position is to be 100% invested in corporate stocks.
Ronald Muhlenkamp (Trades, Portfolio) added a total of 1 stock, among them:
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The most significant addition was The Travelers Companies Inc (NYSE:TRV), with 6,648 shares, accounting for 0.58% of the portfolio and a total value of $1,758,130.
Ronald Muhlenkamp (Trades, Portfolio) also increased stakes in a total of 7 stocks, among them:
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The most notable increase was JD.com Inc (NASDAQ:JD), with an additional 106,934 shares, bringing the total to 203,832 shares. This adjustment represents a significant 110.36% increase in share count, a 1.44% impact on the current portfolio, and a total value of $8,381,560.
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The second largest increase was Agnico Eagle Mines Ltd (NYSE:AEM), with an additional 720 shares, bringing the total to 151,252. This adjustment represents a significant 0.48% increase in share count, with a total value of $16,397,200.
Ronald Muhlenkamp (Trades, Portfolio) completely exited 5 holdings in the first quarter of 2025, as detailed below:
Ronald Muhlenkamp (Trades, Portfolio) also reduced positions in 15 stocks. The most significant changes include:
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