Muhlenkamp
As of Q2 2026, Muhlenkamp reported 28 long-equity positions worth $345.25M in aggregate.
Copy-investor backtest
- Latest quarter
- -0.07%
- 1-year
- +30.28%
- 3-year
- +64.16%
- 5-year
- +104.58%
- 3-year vs S&P 500
- -6.86%
- 5-year vs S&P 500
- +29.63%
- 5-year top 5
- +111.89%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| SLV | ISHARES SILVER TR | New | 0.19% | 12,550 | $671.05K | $53.47 | $50.31 - $80.86(10%)$68.14 -> $53.47 |
| FRDM | EA SERIES TRUST | Sold | — | 0 | $0 | — | - |
| MTZ | MASTEC INC | Sold | — | 0 | $0 | — | - |
| AAPL | APPLE INC | Reduce -0.7% | 5.21% | 62,125 | $17.98M | $289.36 | $245.70 - $316.94(61%)$255.63 -> $289.05 |
| NMIH | NMI HLDGS INC | Add +0.6% | 4.39% | 368,558 | $15.14M | $41.09 | $35.12 - $42.27(83%)$37.35 -> $41.09 |
| URI | UNITED RENTALS INC | Add +0.5% | 5.14% | 15,673 | $17.76M | $1132.89 | $709.45 - $1143.69(98%)$731.54 -> $1132.89 |
| SLB | SLB LIMITED | Add +0.5% | 4.36% | 323,878 | $15.06M | $46.49 | $45.87 - $58.81(5%)$50.03 -> $46.49 |
| BRK-B | BERKSHIRE HATHAWAY INC DEL | Add +0.4% | 5.58% | 38,495 | $19.26M | $500.39 | $464.01 - $500.56(100%)$478.50 -> $499.99 |
| MSFT | MICROSOFT CORP | Reduce -0.5% | 3.54% | 32,776 | $12.23M | $373.02 | $349.20 - $466.32(20%)$369.37 -> $373.02 |
| ICLR | ICON PUB LTD CO | Add +0.5% | 3.34% | 66,337 | $11.52M | $173.71 | $99.06 - $181.00(91%)$111.42 -> $173.71 |
| CE | CELANESE CORP DEL | Add +0.6% | 2.82% | 211,997 | $9.75M | $46.00 | $45.26 - $70.70(3%)$63.55 -> $45.96 |
| EQT | EQT CORP | Add +0.3% | 6.19% | 402,243 | $21.39M | $53.17 | $50.26 - $63.24(22%)$61.09 -> $53.16 |
| LYB | LYONDELLBASELL INDUSTRIES NV | Add +0.4% | 2.87% | 187,920 | $9.89M | $52.65 | $52.34 - $81.96(1%)$76.71 -> $52.65 |
| RGLD | ROYAL GOLD INC | Add +0.2% | 5.09% | 88,088 | $17.58M | $199.61 | $195.76 - $276.99(5%)$264.35 -> $199.61 |
| BGC | BGC GROUP INC | Add +0.2% | 4.48% | 1,447,070 | $15.47M | $10.69 | $9.63 - $12.88(33%)$9.84 -> $10.69 |
| RUSHA | RUSH ENTERPRISES INC | Add +0.1% | 7.03% | 332,332 | $24.26M | $72.98 | $64.30 - $76.99(68%)$66.02 -> $72.98 |
| EQX | EQUINOX GOLD CORP | Add +0.6% | 1.47% | 522,251 | $5.08M | $9.72 | $9.21 - $15.99(7%)$14.94 -> $9.73 |
| MCK | MCKESSON CORP | Add +0.1% | 5.95% | 27,202 | $20.55M | $755.60 | $723.68 - $887.25(20%)$872.32 -> $755.60 |
| MCHP | MICROCHIP TECHNOLOGY INC. | Add +0.1% | 5.37% | 203,139 | $18.53M | $91.20 | $62.62 - $105.91(66%)$65.38 -> $91.20 |
| AEM | AGNICO EAGLE MINES LTD | Reduce -0.1% | 6.22% | 138,521 | $21.49M | $155.13 | $149.38 - $224.35(8%)$210.08 -> $155.02 |
| NEM | NEWMONT CORP | Reduce -0.0% | 6.25% | 231,090 | $21.58M | $93.40 | $91.71 - $122.00(6%)$113.79 -> $93.40 |
| GLD | SPDR GOLD TR | Reduce -0.1% | 2.35% | 22,068 | $8.13M | $368.38 | $363.34 - $448.70(6%)$437.82 -> $368.40 |
| RUSHB | RUSH ENTERPRISES INC | Reduce -0.7% | 0.21% | 9,393 | $718.57K | $76.50 | - |
| TMHC | TAYLOR MORRISON HOME CORP | Add +0.0% | 3.30% | 158,625 | $11.38M | $71.74 | $54.15 - $72.26(97%)$58.31 -> $71.74 |
| WAB | WABTEC | Add +0.0% | 4.93% | 63,156 | $17.03M | $269.60 | $246.88 - $284.91(60%)$256.03 -> $269.60 |