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 26 of 72 rows. Rows without a quote are marked unavailable.
| 1 | BFH | ALLIANCE DATA SYS CORP COM | 10.57% | Reduce -0.0% | 121,220 | $33.53M | $276.57 | No quote |
| 2 | JPM | J.P. Morgan Chase & Co. | 7.42% | Reduce -0.0% | 356,620 | $23.55M | $66.03 | No quote |
| 3 | GILD | GILEAD SCIENCES INC COM | 6.95% | Reduce -0.0% | 217,975 | $22.06M | $101.19 | No quote |
| 4 | CE | CELANESE CORP-SERIES A | 5.70% | Reduce -0.0% | 268,535 | $18.08M | $67.33 | No quote |
| 5 | MSFT | Microsoft Corp | 5.05% | Reduce -0.7% | 288,613 | $16.01M | $55.48 | No quote |
| 6 | AAPL | Apple Computer Inc. | 5.02% | Add +0.2% | 151,323 | $15.93M | $105.26 | No quote |
| 7 | ARRS | ARRIS INTERNATIONAL PLC | 4.75% | New | 493,075 | $15.07M | No quote | No quote |
| 8 | BMY | Bristol Myers Squibb | 4.59% | Add +0.0% | 211,755 | $14.57M | $68.79 | No quote |
| 9 | DAL | Delta Air Lines | 4.24% | - | 265,445 | $13.46M | $50.69 | No quote |
| 10 | ON | ON SEMICONDUCTOR CORP COM | 3.92% | Reduce -0.1% | 1,267,700 | $12.42M | $9.80 | No quote |
| 11 | HBI | HANESBRANDS INC COM | 3.72% | Reduce -0.0% | 401,250 | $11.81M | No quote | No quote |
| 12 | TEVA | TEVA PHARMACEUTCL INDS ADR | 3.66% | - | 176,955 | $11.62M | $65.64 | No quote |
| 13 | MS | Morgan Stanley | 3.21% | Reduce -0.0% | 320,475 | $10.19M | $31.81 | No quote |
| 14 | AMLP | ALERIAN MLP ETF | 3.16% | New | 831,070 | $10.01M | $12.05 | No quote |
| 15 | ALGT | ALLEGIANT TRAVEL CO | 2.77% | - | 52,381 | $8.79M | $167.83 | No quote |
| 16 | RUSHA | Rush Enterprises CLA | 2.66% | - | 385,002 | $8.43M | $21.89 | No quote |
| 17 | WCIC | WCI CMNTYS INC COM PAR $0.01 | 2.52% | Reduce -0.0% | 359,074 | $8M | No quote | No quote |
| 18 | OUTR | OUTERWALL INC COM | 2.46% | Add +116.0% | 213,770 | $7.81M | No quote | No quote |
| 19 | SAVE | SPIRIT AIRLS INC COM | 2.43% | Add +12.4% | 193,105 | $7.7M | No quote | No quote |
| 20 | NSR | NEUSTAR INC CL A | 2.33% | Add +0.3% | 308,405 | $7.39M | No quote | No quote |
| 21 | OLED | UNIVERSAL DISPLAY CORP COM | 2.18% | Reduce -32.1% | 126,765 | $6.9M | No quote | No quote |
| 22 | PKW | POWERSHARES BUYBACK ACHIEVERS | 2.01% | Reduce -0.2% | 140,360 | $6.38M | No quote | No quote |
| 23 | BHI | Baker Hughes Inc. | 1.62% | Reduce -0.0% | 111,095 | $5.13M | No quote | No quote |
| 24 | SLB | Schlumberger Ltd | 1.31% | Add +0.3% | 59,805 | $4.17M | $69.74 | No quote |
| 25 | HAL | Halliburton Co. | 1.07% | Reduce -0.9% | 100,000 | $3.4M | $34.04 | No quote |
| 26 | NLY | Annaly Capital Management | 0.77% | Reduce -0.2% | 260,055 | $2.44M | No quote | No quote |
| 27 | RUSHB | Rush Enterprises CLB | 0.65% | - | 94,622 | $2.07M | $21.90 | No quote |
| 28 | MGNX | MACROGENICS INC COM | 0.65% | Reduce -0.1% | 66,410 | $2.06M | No quote | No quote |
| 29 | PFE | Pfizer Inc | 0.39% | - | 38,409 | $1.24M | $32.28 | No quote |
| 30 | BXE | BELLATRIX EXPLORATION COM | 0.31% | Add +0.2% | 805,920 | $975K | No quote | No quote |
| 31 | EPZM | EPIZYME INC COM | 0.25% | Reduce -4.5% | 50,000 | $801K | No quote | No quote |
| 32 | REXX | REX ENERGY CORP | 0.25% | Reduce -52.9% | 749,089 | $787K | No quote | No quote |
| 33 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.24% | Add +46.2% | 58,200 | $755K | No quote | No quote |
| 34 | DSL | DOUBLELINE INCOME SOLU COM | 0.17% | - | 33,720 | $547K | No quote | No quote |
| 35 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 0.12% | Add +10.6% | 26,190 | $372K | No quote | No quote |
| 36 | TNK | TEEKAY TANKERS LTD CL A | 0.10% | - | 47,400 | $326K | No quote | No quote |
| 37 | ETP | ENERGY TRANSFER PRTNRS UNIT LT | 0.10% | New | 9,130 | $308K | No quote | No quote |
| 38 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.09% | - | 11,550 | $275K | No quote | No quote |
| 39 | PHM | Pulte Homes, Inc. | 0.08% | Reduce -12.3% | 14,550 | $259K | $17.80 | No quote |
| 40 | KMI | KINDER MORGAN INC | 0.07% | New | 14,570 | $217K | $14.89 | No quote |
| 41 | WMB | Williams Cos. Inc. | 0.07% | New | 8,365 | $215K | $25.70 | No quote |
| 42 | DCH | AMERICAN AXLE & MFG COM | 0.07% | Reduce -10.3% | 11,300 | $214K | $18.94 | No quote |
| 43 | AFMD | AFFIMED NV | 0.06% | Add +13.5% | 27,205 | $194K | No quote | No quote |
| 44 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.06% | - | 12,530 | $179K | No quote | No quote |
| 45 | DSPG | DSP GROUP INC COM | 0.06% | - | 18,845 | $178K | No quote | No quote |
| 46 | ACAS | AMERICAN CAPITAL LTD | 0.05% | - | 10,400 | $143K | No quote | No quote |
| 47 | QUIK | QUICKLOGIC CORP COM | 0.03% | Reduce -26.4% | 81,245 | $92K | No quote | No quote |
| 48 | ELOS | SYNERON MEDICAL LTD ORD SHS | 0.02% | New | 10,255 | $79K | No quote | No quote |
| 49 | GTIM | GOOD TIMES RESTAURANTS COM PAR | 0.02% | New | 13,935 | $67K | No quote | No quote |
| 50 | ZIXI | ZIX CORP COM | 0.02% | - | 10,710 | $54K | No quote | No quote |
| 51 | CELGZ | CELGENE CORP-CVR | 0.01% | Add +10.6% | 17,485 | $21K | No quote | No quote |
| 52 | AMSLF | FLYHT AEROSPACE SOLUTI COM | 0.00% | - | 22,000 | $3K | No quote | No quote |
| 65 | STT | State Street Corp | - | Sold | 0 | $0 | No quote | No quote |
| 64 | - | PEABODY ENERGYCUSIP 704549AG9 | - | Sold | 0 | $0 | No quote | No quote |
| 63 | PAAS | PAN AMERICAN SILVER CP COM | - | Sold | 0 | $0 | No quote | No quote |
| 62 | PACB | PACIFIC BIOSCIENCES IN COM | - | Sold | 0 | $0 | No quote | No quote |
| 61 | MDT | MEDTRONIC PLC | - | Sold | 0 | $0 | No quote | No quote |
| 60 | MHRPRD | MAGNUM HUNTER RES CORP CUM PFD | - | Sold | 0 | $0 | No quote | No quote |
| 59 | ISSC | INNOVATIVE SOLTNS&SUPP COM | - | Sold | 0 | $0 | No quote | No quote |
| 58 | HTBX | HEAT BIOLOGICS INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 57 | GNW | GENWORTH FINL INC COM CL A | - | Sold | 0 | $0 | No quote | No quote |
| 56 | ET | ENERGY TRANSFER EQUITY COM UT | - | Sold | 0 | $0 | No quote | No quote |
| 55 | EGO | ELDORADO GOLD CORP NEW COM | - | Sold | 0 | $0 | No quote | No quote |
| 54 | ABG | ASBURY AUTOMOTIVE GP COM | - | Sold | 0 | $0 | No quote | No quote |
| 53 | 04270V | ARRIS GROUP INC NEW COM | - | Sold | 0 | $0 | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
| 1 | GM | General Motors Co.COM | CALL | - | 359,600 | $12.23M |
| 2 | CSCO | Cisco Systems IncCOM | CALL | - | 68,200 | $1.85M |
| 3 | NLY | Annaly Capital ManagementCOM | CALL | Reduce -45.9% | 117,700 | $1.1M |
| 4 | PHM | Pulte Homes, Inc.COM | CALL | - | 13,000 | $232K |
| 5 | SAVE | SPIRIT AIRLS INC COMCOM | CALL | - | 2,600 | $104K |
| 6 | MS | Morgan StanleyCOM | CALL | - | 1,000 | $32K |
| 7 | ACAS | AMERICAN CAPITAL LTDCOM | CALL | - | 2,000 | $28K |