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 42 of 80 rows. Rows without a quote are marked unavailable.
| 1 | BFH | ALLIANCE DATA SYS CORP COM | 9.09% | Reduce -0.8% | 119,204 | $27.24M | $228.50 | No quote |
| 2 | AAPL | Apple Computer Inc. | 5.76% | Reduce -0.7% | 149,012 | $17.26M | $115.82 | No quote |
| 3 | ON | ON SEMICONDUCTOR CORP COM | 5.30% | Reduce -0.7% | 1,246,005 | $15.9M | $12.76 | No quote |
| 4 | GILD | GILEAD SCIENCES INC COM | 5.09% | Reduce -0.7% | 212,995 | $15.25M | $71.61 | No quote |
| 5 | MSFT | Microsoft Corp | 4.83% | Reduce -0.7% | 233,013 | $14.48M | $62.14 | No quote |
| 6 | RUSHA | Rush Enterprises CLA | 4.10% | - | 385,002 | $12.28M | $31.90 | No quote |
| 7 | LCI | LANNETT INC COM | 3.71% | Add +86.2% | 504,379 | $11.12M | No quote | No quote |
| 8 | SAVE | SPIRIT AIRLS INC COM | 3.52% | Reduce -4.5% | 182,585 | $10.56M | No quote | No quote |
| 9 | BMY | BRISTOL-MEYERS SQUIBB CO | 3.49% | Reduce -0.8% | 178,961 | $10.46M | $58.44 | No quote |
| 10 | MCK | MCKESSON CORP COM | 3.36% | Add +56.9% | 71,767 | $10.08M | $140.45 | No quote |
| 11 | HBI | HANESBRANDS INC COM | 3.35% | Add +17.4% | 465,876 | $10.05M | No quote | No quote |
| 12 | CE | CELANESE CORP-SERIES A | 3.22% | Reduce -0.9% | 122,620 | $9.66M | $78.74 | No quote |
| 13 | WCIC | WCI CMNTYS INC COM PAR $0.01 | 3.18% | Reduce -0.9% | 406,805 | $9.54M | No quote | No quote |
| 14 | UNH | UnitedHealth Group Inc. | 3.16% | Reduce -0.9% | 59,095 | $9.46M | $160.05 | No quote |
| 15 | GLD | SPDR GOLD TRUST GOLD SHS | 3.12% | Reduce -1.5% | 85,445 | $9.37M | $109.61 | No quote |
| 16 | TEVA | TEVA PHARMACEUTCL INDS ADR | 2.90% | Add +36.5% | 239,889 | $8.7M | $36.25 | No quote |
| 17 | FHI | Federated Invs. PA CL B | 2.83% | New | 299,866 | $8.48M | No quote | No quote |
| 18 | CELG | CELGENE CORP COM | 2.81% | Reduce -1.1% | 72,688 | $8.41M | No quote | No quote |
| 19 | GME | GAMESTOP CORP NEW CL A | 2.22% | New | 263,124 | $6.65M | No quote | No quote |
| 20 | BIIB | BIOGEN IDEC INC COM | 2.20% | Reduce -0.8% | 23,279 | $6.6M | $283.56 | No quote |
| 21 | DAL | Delta Air Lines | 2.18% | Reduce -0.8% | 132,970 | $6.54M | $49.19 | No quote |
| 22 | GMLP | GOLAR LNG PARTNERS LP COM UNIT | 2.10% | Reduce -1.0% | 261,710 | $6.29M | No quote | No quote |
| 23 | SLB | Schlumberger Ltd | 2.07% | Add +23.0% | 73,771 | $6.19M | $83.95 | No quote |
| 24 | TCEHY | TENCENT HOLDINGS LTD-UNS ADR | 2.02% | Reduce -1.0% | 249,971 | $6.05M | No quote | No quote |
| 25 | CCJ | CAMECO CORP COM | 1.93% | New | 551,392 | $5.77M | $10.47 | No quote |
| 26 | ALGT | ALLEGIANT TRAVEL CO | 1.91% | Add +0.4% | 34,390 | $5.72M | $166.39 | No quote |
| 27 | HAL | Halliburton Co. | 1.80% | - | 100,000 | $5.41M | $54.09 | No quote |
| 28 | OLED | UNIVERSAL DISPLAY CORP COM | 1.41% | Reduce -0.1% | 75,260 | $4.24M | No quote | No quote |
| 29 | DLNG | DYNAGAS LNG PARTNERS L COM UNI | 1.10% | Add +4.3% | 206,937 | $3.31M | No quote | No quote |
| 30 | RUSHB | Rush Enterprises CLB | 1.00% | Reduce -0.1% | 97,112 | $3M | $30.87 | No quote |
| 31 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 0.98% | Reduce -0.5% | 142,995 | $2.94M | No quote | No quote |
| 32 | NLY | Annaly Capital Management | 0.77% | Reduce -5.0% | 232,425 | $2.32M | No quote | No quote |
| 33 | CYH | COMMUNITY HEALTH SYS INC NEW | 0.69% | Reduce -0.8% | 372,415 | $2.08M | No quote | No quote |
| 34 | PKW | POWERSHARES BUYBACK ACHIEVERS | 0.61% | Reduce -4.7% | 36,510 | $1.84M | No quote | No quote |
| 35 | PFE | Pfizer Inc | 0.37% | Reduce -5.7% | 33,984 | $1.1M | $32.49 | No quote |
| 36 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.31% | Add +3.8% | 54,200 | $941K | No quote | No quote |
| 37 | BXE | BELLATRIX EXPLORATION COM | 0.19% | Reduce -14.3% | 598,265 | $565K | No quote | No quote |
| 38 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.17% | Add +8.7% | 31,400 | $515K | No quote | No quote |
| 39 | DCH | AMERICAN AXLE & MFG COM | 0.16% | Add +7.1% | 24,200 | $467K | $19.30 | No quote |
| 40 | ETP | ENERGY TRANSFER PRTNRS UNIT LT | 0.14% | New | 11,440 | $410K | No quote | No quote |
| 41 | GLNG | GOLAR LNG LTD | 0.13% | Add +1.7% | 17,510 | $402K | $22.96 | No quote |
| 42 | REXX | REX ENERGY CORP | 0.10% | Reduce -1.5% | 644,869 | $304K | No quote | No quote |
| 43 | KMI | KINDER MORGAN INC | 0.10% | - | 14,570 | $302K | $20.73 | No quote |
| 44 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.09% | Add +4.3% | 12,050 | $283K | No quote | No quote |
| 45 | MS | Morgan Stanley | 0.09% | - | 6,505 | $275K | $42.28 | No quote |
| 46 | MGNX | MACROGENICS INC COM | 0.09% | Add +5.3% | 12,803 | $262K | No quote | No quote |
| 47 | LYB | LYONDELLBASELL INDUSTR SHS - A | 0.07% | Reduce -13.3% | 2,600 | $223K | $85.77 | No quote |
| 48 | ACAS | AMERICAN CAPITAL LTD | 0.06% | - | 10,600 | $190K | No quote | No quote |
| 49 | QHC | QUORUM HEALTH CORP | 0.04% | Reduce -80.4% | 18,273 | $133K | No quote | No quote |
| 50 | AFMD | AFFIMED NV | 0.04% | Reduce -0.4% | 72,786 | $131K | No quote | No quote |
| 51 | AMSLF | FLYHT AEROSPACE SOLUTI COM | 0.00% | - | 22,000 | $4K | No quote | No quote |
| 53 | TNK | TEEKAY TANKERS LTD CL A | - | Sold | 0 | $0 | No quote | No quote |
| 52 | DSL | DOUBLELINE INCOME SOLU 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 | VNO | VORNADO RLTY TR SH BEN INTCOM | PUT | New | 21,000 | $2.19M |
| 2 | F | Ford Motor CompanyCOM | PUT | New | 110,000 | $1.33M |
| 3 | GGP | GENERAL GROWTH PROPERTIESCOM | PUT | New | 47,500 | $1.19M |
| 4 | GILD | GILEAD SCIENCES INC COMCOM | CALL | Add +97.3% | 14,800 | $1.06M |
| 5 | ALLY | ALLY FINACIAL INCCOM | PUT | New | 46,800 | $890K |
| 6 | BIIB | BIOGEN IDEC INC COMCOM | CALL | - | 3,000 | $851K |
| 7 | PAA | PLAINS ALL AMERN PIPEL UNIT LTMLP | PUT | New | 26,000 | $840K |
| 8 | CNQ | CANADIAN NAT RES LTD COMCOM | PUT | New | 25,000 | $797K |
| 9 | BAC | Bank of America CorpCOM | CALL | - | 30,000 | $663K |
| 11 | TSLA | TESLA MOTORS INCCOM | PUT | New | 3,000 | $641K |
| 10 | NAVI | NAVIENT CORP COMCOM | PUT | New | 39,000 | $641K |
| 12 | AKS | AK Steel Holding CorpCOM | PUT | New | 57,000 | $582K |
| 13 | CSCO | Cisco Systems IncCOM | CALL | - | 19,000 | $574K |
| 14 | HCP | HCP INC COMCOM | PUT | New | 18,000 | $535K |
| 15 | JCP | PENNEY J C INC COMCOM | PUT | New | 60,000 | $499K |
| 16 | VIAB | VIACOM INC-CLASS BCOM | PUT | New | 14,000 | $491K |
| 17 | S | SPRINT NEXTEL CORPCOM | PUT | New | 57,000 | $480K |
| 18 | WMB | Williams Cos. Inc.COM | PUT | New | 15,000 | $467K |
| 19 | LEN | LENNAR CORP CL ACOM | CALL | New | 8,100 | $348K |
| 20 | CELG | CELGENE CORP COMCOM | CALL | - | 3,000 | $347K |
| 21 | TPH | TRI POINTE GROUP INC COMCOM | CALL | New | 26,000 | $298K |
| 22 | AVP | Avon Products, Inc.COM | PUT | New | 57,000 | $287K |
| 23 | PHM | Pulte Homes, Inc.COM | CALL | - | 13,000 | $239K |
| 24 | BFH | ALLIANCE DATA SYS CORP COMCOM | CALL | New | 1,000 | $229K |
| 25 | GM | General Motors Co.COM | CALL | - | 6,400 | $223K |
| 26 | WFT | WEATHERFORD INTL PLC ORD SHSCOM | CALL | New | 44,500 | $222K |
| 27 | AAPL | Apple Computer Inc.COM | CALL | New | 1,000 | $116K |