Investment Moves of Renowned Value Investor Ronald Muhlenkamp
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Source: Yahoo Finance
- New Stock Purchases: In Q1 2026, Muhlenkamp added two stocks, with the most significant being Alpha Architect Freedom 100 Emerging Markets ETF (FRDM), acquiring 236,825 shares that represent 3.41% of his portfolio, valued at $12.94 million, indicating confidence in emerging markets.
- Key Position Increases: He increased his stake in LyondellBasell Industries NV (LYB) by 1,338 shares, bringing the total to 187,159 shares, which represents a 0.03% increase in portfolio impact with a total value of $15.08 million, reflecting his long-term bullish outlook on the company.
- Complete Exit from Holding: Muhlenkamp fully exited his position in Chart Industries Inc (GTLS) by selling 7,924 shares, resulting in a -0.44% impact on the portfolio, suggesting a reassessment of the stock's future prospects.
- Major Stock Reductions: He reduced his position in MasTec Inc (MTZ) by 62,928 shares, leading to a 59.5% decrease in shares and a -3.68% portfolio impact, demonstrating a cautious stance despite the stock's impressive 67.22% return over the past three months.
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Analyst Views on MTZ
Wall Street analysts forecast MTZ stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 383.330
Low
225.00
Averages
252.20
High
270.00
Current: 383.330
Low
225.00
Averages
252.20
High
270.00
About MTZ
MasTec, Inc. is an infrastructure construction company operating mainly throughout North America across a range of industries. The Company's segments include Communications, Clean Energy and Infrastructure, Power Delivery, Pipeline Infrastructure, and Other. Communications segment performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure, primarily for wireless and wireline/fiber communications, wireless integration and optimization and install-to-the-home services, and others. Clean Energy and Infrastructure segment primarily serves energy, utility, government and other end-markets through the installation and construction of power generation facilities, primarily from clean energy and renewable sources, such as wind, solar, and hydrogen; various types of heavy civil and industrial infrastructure services, and others. Power Delivery segment primarily serves the energy, utility and data center infrastructure industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financial Targets: MasTec aims for approximately $22 billion in revenue and $2.2 billion in EBITDA by 2028, implying a compound annual growth rate of about 25% along with margin expansion, showcasing the company's robust growth potential in the coming years.
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- New Stock Purchases: In Q1 2026, Muhlenkamp added two stocks, with the most significant being Alpha Architect Freedom 100 Emerging Markets ETF (FRDM), acquiring 236,825 shares that represent 3.41% of his portfolio, valued at $12.94 million, indicating confidence in emerging markets.
- Key Position Increases: He increased his stake in LyondellBasell Industries NV (LYB) by 1,338 shares, bringing the total to 187,159 shares, which represents a 0.03% increase in portfolio impact with a total value of $15.08 million, reflecting his long-term bullish outlook on the company.
- Complete Exit from Holding: Muhlenkamp fully exited his position in Chart Industries Inc (GTLS) by selling 7,924 shares, resulting in a -0.44% impact on the portfolio, suggesting a reassessment of the stock's future prospects.
- Major Stock Reductions: He reduced his position in MasTec Inc (MTZ) by 62,928 shares, leading to a 59.5% decrease in shares and a -3.68% portfolio impact, demonstrating a cautious stance despite the stock's impressive 67.22% return over the past three months.
See More
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- Outstanding Market Performance: The VIP basket has risen 10% year-to-date, outperforming the S&P 500's 9% gain, suggesting that hedge fund investment strategies are excelling in the current market environment, thereby boosting investor confidence in Micron.
- Stock Surge: Micron's shares soared 19% on Tuesday alone, pushing its market value past $1 trillion for the first time, primarily driven by insatiable AI demand for its memory chips, showcasing the company's competitiveness in emerging technologies.
- Analyst Optimism: UBS has tripled its price target on Micron to $1,625, believing that the market will start to assign a more 'normal' multiple to the stock, indicating that it is likely to continue rising as structural changes driven by AI unfold.
See More
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- Portfolio Expansion: Third Point made significant additions in Q1, initiating positions in tech and semiconductor firms like ASML, Lam Research, and KLA, reflecting a strong commitment to the AI trade and enhancing its competitive edge in the rapidly evolving tech landscape.
- Emerging Investments: The hedge fund also disclosed new stakes in the VanEck Semiconductor ETF and aircraft parts supplier TransDigm Group, indicating confidence in the semiconductor sector, particularly amid rising AI-driven market demand.
- Bitcoin Mining Positioning: Third Point increased its investment in Hut 8, a Miami-based energy infrastructure and bitcoin mining company, whose shares have more than doubled in 2026, highlighting investor interest in AI-related power demand and data center infrastructure opportunities.
- Position Adjustments: While Third Point reduced its stake in Taiwan Semiconductor by 35%, Amazon remains its largest equity holding, demonstrating confidence in the company's long-term growth potential despite a 10% reduction during the quarter.
See More
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- Rating Upgrade: Guggenheim upgraded MasTec (MTZ) from Neutral to Buy, citing strong visibility into long-term growth and a favorable position across several major infrastructure trends, reflecting investor enthusiasm for companies linked to energy, data, and communications buildouts.
- Financial Targets: MasTec aims for approximately $22 billion in revenue and $2.2 billion in EBITDA by 2028, implying a compound annual growth rate of about 25% along with margin expansion, showcasing the company's robust growth potential in the coming years.
- Segment Growth Momentum: All four of MasTec's business segments are expected to grow, particularly in pipeline infrastructure and clean energy, benefiting from liquefied natural gas exports and data center demand, highlighting the company's central role in the infrastructure investment cycle.
- Risks and Opportunities: While Guggenheim set a price target of $480, indicating further upside, the report also highlights risks such as project timing variability, labor availability constraints, and potential cost overruns on fixed-price contracts, suggesting a cautious approach to the market's confidence in MasTec's long-term opportunities.
See More
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- Nvidia's Positive Outlook: Oppenheimer reiterates Nvidia as an outperform, projecting CY26 free cash flow to approach $200 billion, and if half is allocated for dividends, the yield could reach nearly 2.5%, which would bolster investor confidence and drive stock price appreciation.
- Apple's Strong Ecosystem: Daiwa raises Apple's price target from $310 to $325, emphasizing its vast ecosystem as a core strength, while acknowledging potential memory management challenges in 2H CY26, the long-term outlook remains favorable for this core holding.
- Positive Outlook for Housing Platform: UBS upgrades KE Holdings to buy from neutral, citing significant upside due to its agency business in tier 1 cities, particularly as the market recovery is led by the secondary market, positioning the company for strong performance.
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See More
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- Significant Revenue Growth: MasTec reported record Q1 2026 revenue of $3.8 billion, reflecting a 34% year-over-year increase driven by double-digit growth across all operating segments, particularly a 91% surge in Pipeline Infrastructure and a 45% increase in Clean Energy & Infrastructure, showcasing the company's strong performance in infrastructure construction.
- Enhanced Profitability: The company achieved a record GAAP net income of $69.7 million in Q1, with adjusted EBITDA reaching $283.6 million and diluted EPS rising significantly to $0.77, indicating successful operational efficiency and cost control measures.
- Record Backlog: As of March 31, MasTec's 18-month backlog hit a record $20.3 billion, up $4.4 billion year-over-year, primarily driven by a 65% growth in the Clean Energy & Infrastructure segment, highlighting robust demand for renewable energy and infrastructure projects.
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See More
Investment Moves of Renowned Value Investor Ronald Muhlenkamp
- New Stock Purchases: In Q1 2026, Muhlenkamp added two stocks, with the most significant being Alpha Architect Freedom 100 Emerging Markets ETF (FRDM), acquiring 236,825 shares that represent 3.41% of his portfolio, valued at $12.94 million, indicating confidence in emerging markets.
- Key Position Increases: He increased his stake in LyondellBasell Industries NV (LYB) by 1,338 shares, bringing the total to 187,159 shares, which represents a 0.03% increase in portfolio impact with a total value of $15.08 million, reflecting his long-term bullish outlook on the company.
- Complete Exit from Holding: Muhlenkamp fully exited his position in Chart Industries Inc (GTLS) by selling 7,924 shares, resulting in a -0.44% impact on the portfolio, suggesting a reassessment of the stock's future prospects.
- Major Stock Reductions: He reduced his position in MasTec Inc (MTZ) by 62,928 shares, leading to a 59.5% decrease in shares and a -3.68% portfolio impact, demonstrating a cautious stance despite the stock's impressive 67.22% return over the past three months.
See More
