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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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Updated 2026-09-12 from SEC 13F data.

Live quotes available for 30 of 78 rows. Rows without a quote are marked unavailable.

1BFHALLIANCE DATA SYS CORP COM7.56%Reduce -0.1%121,200$35.91M$296.25No quote
2JPMJ.P. Morgan Chase & Co.4.55%Reduce -0.8%356,560$21.6M$60.58No quote
3GILDGILEAD SCIENCES INC COM4.52%Reduce -0.1%218,740$21.47M$98.13No quote
4DCHAMERICAN AXLE & MFG COM4.44%Reduce -2.0%816,490$21.09M$25.83No quote
5AAPLApple Computer Inc.3.96%Add +0.1%151,008$18.79M$124.43No quote
6LNCLINCOLN NATL CORP IND COM3.73%Add +0.0%308,310$17.72M$57.46No quote
7STTState Street Corp3.65%Reduce -0.1%235,952$17.35M$73.53No quote
804270VARRIS GROUP INC NEW COM3.61%Reduce -0.1%593,215$17.14MNo quoteNo quote
9HBIHANESBRANDS INC COM3.60%Add +299.4%510,345$17.1MNo quoteNo quote
10BRK-BBerkshire Hathaway CL B3.42%Reduce -0.1%112,530$16.24M$144.32No quote
11ONON SEMICONDUCTOR CORP COM3.23%Add +149.3%1,267,355$15.35M$12.11No quote
12ALGTALLEGIANT TRAVEL CO3.23%Reduce -14.7%79,771$15.34M$192.29No quote
13CECELANESE CORP-SERIES A3.16%Add +0.0%268,285$14.99M$55.86No quote
14BMYBristol Myers Squibb2.88%Reduce -0.1%212,170$13.69M$64.50No quote
15MDTMEDTRONIC PLC2.85%New173,653$13.54M$77.99No quote
16SAVESPIRIT AIRLS INC COM2.74%Add +0.9%168,159$13.01MNo quoteNo quote
17SAHSONIC AUTOMOTIVE INC CL A2.70%Reduce -3.7%515,300$12.83MNo quoteNo quote
18DFSDISCOVER FINL SVCS COM2.52%Add +47.3%212,145$11.95MNo quoteNo quote
19DALDelta Air Lines2.51%Add +0.0%265,455$11.94M$44.96No quote
20MSFTMicrosoft Corp2.49%Add +52.6%290,385$11.81M$40.66No quote
21MSMorgan Stanley2.41%Add +0.0%320,090$11.42M$35.69No quote
22TEVATEVA PHARMACEUTCL INDS ADR2.32%Add +0.2%176,710$11.01M$62.30No quote
23RUSHARush Enterprises CLA2.22%-385,002$10.53M$27.36No quote
24OLEDUNIVERSAL DISPLAY CORP COM2.09%Add +0.3%212,135$9.92MNo quoteNo quote
25CELGCELGENE CORP COM2.08%Reduce -0.8%85,540$9.86MNo quoteNo quote
26NSRNEUSTAR INC CL A1.67%Add +27.8%321,510$7.92MNo quoteNo quote
27WCICWCI CMNTYS INC COM PAR $0.011.63%Add +30.8%323,379$7.75MNo quoteNo quote
28ABGASBURY AUTOMOTIVE GP COM1.50%Reduce -2.5%85,460$7.1M$83.10No quote
29BHIBaker Hughes Inc.1.49%New111,165$7.07MNo quoteNo quote
30AALAMERICAN AIRLINES GROUP INC1.37%Add +0.0%123,090$6.5M$52.78No quote
31EZCHEZCHIP SEMICONDUCTOR1.35%Reduce -17.0%335,040$6.41MNo quoteNo quote
32PKWPOWERSHARES ETF TRUST DYNA BUY1.25%-120,330$5.93MNo quoteNo quote
33HALHalliburton Co.1.04%Add +811.0%112,330$4.93M$43.88No quote
34REXXREX ENERGY CORP0.77%Add +0.2%977,865$3.64MNo quoteNo quote
35NLYAnnaly Mortgage Management0.56%Reduce -0.5%253,940$2.64MNo quoteNo quote
36GMGeneral Motors Co.0.55%Add +0.2%69,535$2.61M$37.51No quote
37RUSHBRush Enterprises CLB0.49%Add +0.1%93,617$2.31M$24.72No quote
38MGNXMACROGENICS INC COM0.44%Add +297.0%66,405$2.08MNo quoteNo quote
39BXEBELLATRIX EXPLORATION COM0.41%Add +0.3%805,970$1.96MNo quoteNo quote
40GEGeneral Electric0.38%Reduce -1.1%72,276$1.79M$24.81No quote
41-CALL GENERAL MOTORS CO $35 EXPCUSIP BBG005KHN0.32%-3,546$1.51MNo quoteNo quote
42ISSCINNOVATIVE SOLTNS&SUPP COM0.29%Reduce -3.6%361,529$1.37MNo quoteNo quote
43PFEPfizer Inc0.28%-38,409$1.34M$34.78No quote
44EPZMEPIZYME INC COM0.21%New51,860$974KNo quoteNo quote
45MHRMAGNUM HUNTER RES CORP COM0.20%Reduce -49.2%355,235$948KNo quoteNo quote
46PHMPulte Homes, Inc.0.13%Reduce -2.5%27,200$605K$22.24No quote
47WPRTWESTPORT INNOVATIONS COM NEW0.12%-150,000$591KNo quoteNo quote
48EGOELDORADO GOLD CORP NEW COM0.12%-126,450$580K$4.59No quote
49BWPBOARDWALK PIPELIN PTNR UT LTD0.12%Reduce -13.6%35,700$575KNo quoteNo quote
50MHRPRDMAGNUM HUNTER RES CORP CUM PFD0.10%Add +2.3%13,185$460KNo quoteNo quote
51ABALLIANCEBERNSTEIN HLDG UNIT LT0.08%-11,550$357KNo quoteNo quote
52DSPGDSP GROUP INC COM0.07%Reduce -2.4%27,205$326KNo quoteNo quote
53DSLDOUBLELINE INCOME SOLU COM0.07%-16,350$325KNo quoteNo quote
54DSXPRBDIANA SHIPPING INC PERP PFD SE0.07%-12,530$321KNo quoteNo quote
55-CALL CISCO SYSTEMS $22 EXP 01/CUSIP 46750880.07%-552$319KNo quoteNo quote
56ACASAMERICAN CAPITAL LTD0.07%Add +10.4%21,300$315KNo quoteNo quote
58TNKTEEKAY TANKERS LTD CL A0.06%Reduce -8.5%47,400$272KNo quoteNo quote
57CICigna Corp0.06%New2,100$272K$129.52No quote
59MUHLXMuhlenkamp Fund0.05%-3,870$233KNo quoteNo quote
60NENOBLE CORP PLC0.04%New13,650$195K$14.29No quote
61PAASPAN AMERICAN SILVER CP COM0.04%-20,710$182K$8.79No quote
62GNWGENWORTH FINL INC COM CL A0.04%New24,400$178KNo quoteNo quote
63QUIKQUICKLOGIC CORP COM0.04%Add +9.1%90,435$175KNo quoteNo quote
64QTWWQQUANTUM FUEL SYS TECH COM NEW0.01%Reduce -90.9%20,000$53KNo quoteNo quote
65ZIXIZIX CORP COM0.01%Reduce -13.5%11,495$45KNo quoteNo quote
66ATHXATHERSYS INC COM0.01%New10,150$29KNo quoteNo quote
67AMSLFFLYHT AEROSPACE SOLUTI COM0.00%-22,000$4KNo quoteNo quote
78ORCLOracle Corp-Sold0$0No quoteNo quote
77LSCCLATTICE SEMICONDUCTOR CORP-Sold0$0No quoteNo quote
76IBMInternational Business Machine-Sold0$0No quoteNo quote
75DTVDIRECTV GROUP INC COM-Sold0$0No quoteNo quote
74COVCOVIDIEN PLC SHS-Sold0$0No quoteNo quote
73CCitigroup Inc.-Sold0$0No quoteNo quote
72CECOCAREER EDUCATION CORP COM-Sold0$0No quoteNo quote
71-CALL MICROSOFT CORP $28 EXP 01CUSIP 4345707-Sold0$0No quoteNo quote
70-CALL CIGNA CORP $52.5 EXP 01/1CUSIP 4104888-Sold0$0No quoteNo quote
69-CALL ANNALY CAP MGMT INC $10 ECUSIP 0000A2CJ0-Sold0$0No quoteNo quote
68AIGAmerican International Group-Sold0$0No quoteNo quote