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 25 of 74 rows. Rows without a quote are marked unavailable.
| 1 | ON | ON SEMICONDUCTOR CORP COM | 6.33% | Reduce -30.0% | 709,466 | $17.35M | $24.46 | No quote |
| 2 | GILD | GILEAD SCIENCES INC COM | 6.11% | Add +0.8% | 222,377 | $16.77M | $75.39 | No quote |
| 3 | AAPL | Apple Computer Inc. | 5.56% | Reduce -37.7% | 90,824 | $15.24M | $167.78 | No quote |
| 4 | BFH | ALLIANCE DATA SYS CORP COM | 5.47% | Add +0.8% | 70,529 | $15.01M | $212.86 | No quote |
| 5 | MSFT | Microsoft Corp | 5.42% | Reduce -28.9% | 162,821 | $14.86M | $91.27 | No quote |
| 6 | TCEHY | TENCENT HOLDINGS LTD-UNS ADR | 4.77% | Add +1.2% | 245,620 | $13.09M | No quote | No quote |
| 7 | UNH | UnitedHealth Group Inc. | 4.56% | Add +1.3% | 58,491 | $12.52M | $214.00 | No quote |
| 8 | BMY | BRISTOL-MYERS SQUIBB CO | 4.12% | Add +2.2% | 178,436 | $11.29M | $63.25 | No quote |
| 9 | RUSHA | Rush Enterprises CLA | 3.90% | - | 252,012 | $10.71M | $42.49 | No quote |
| 10 | GLD | SPDR GOLD TRUST GOLD SHS | 3.87% | Add +2.0% | 84,371 | $10.61M | $125.79 | No quote |
| 11 | CE | CELANESE CORP-SERIES A | 3.70% | Reduce -7.8% | 101,277 | $10.15M | $100.21 | No quote |
| 12 | MCK | MCKESSON CORP COM | 3.65% | Add +1.6% | 71,090 | $10.01M | $140.86 | No quote |
| 13 | MCHP | MICROCHIP TECHNOLOGY COM | 3.30% | Add +1.9% | 98,968 | $9.04M | $91.36 | No quote |
| 14 | ESRX | EXPRESS SCRIPTS HLDG COM | 3.26% | Add +114.4% | 129,559 | $8.95M | No quote | No quote |
| 15 | FHI | Federated Invs. PA CL B | 3.09% | Reduce -12.3% | 253,785 | $8.48M | No quote | No quote |
| 16 | CCJ | CAMECO CORP COM | 2.88% | Add +2.0% | 867,482 | $7.89M | $9.09 | No quote |
| 17 | CTSH | COGNIZANT TECH SOLUTIONS - A | 2.78% | Add +3.6% | 94,534 | $7.61M | $80.50 | No quote |
| 18 | DWDP | DOWDUPONT INC | 2.72% | Add +1.7% | 116,857 | $7.45M | No quote | No quote |
| 19 | AZO | AUTOZONE INC COM | 2.56% | Add +60.0% | 10,835 | $7.03M | $648.73 | No quote |
| 20 | NPSNY | NASPERS LTD SPON ADR SA | 2.56% | Add +61.2% | 139,673 | $7.01M | No quote | No quote |
| 21 | BIIB | BIOGEN IDEC INC COM | 2.51% | Add +2.0% | 25,171 | $6.89M | $273.81 | No quote |
| 22 | CELG | CELGENE CORP COM | 2.36% | Add +3.4% | 72,493 | $6.47M | No quote | No quote |
| 23 | DAL | Delta Air Lines | 2.31% | Reduce -9.7% | 115,363 | $6.32M | $54.81 | No quote |
| 24 | PHM | Pulte Homes, Inc. | 2.21% | Add +2.8% | 205,951 | $6.07M | $29.49 | No quote |
| 25 | THO | Thor Industries Inc. | 1.88% | Add +2.9% | 44,793 | $5.16M | $115.17 | No quote |
| 26 | LCI | LANNETT INC COM | 1.60% | Reduce -37.1% | 272,623 | $4.38M | No quote | No quote |
| 27 | GMLP | GOLAR LNG PARTNERS LP COM UNIT | 1.58% | - | 253,035 | $4.33M | No quote | No quote |
| 28 | GME | GAMESTOP CORP NEW CL A | 1.20% | Add +3.1% | 260,753 | $3.29M | No quote | No quote |
| 29 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 1.02% | Reduce -14.7% | 119,505 | $2.78M | No quote | No quote |
| 30 | NLY | Annaly Capital Management | 0.89% | Add +1.8% | 233,049 | $2.43M | No quote | No quote |
| 31 | PKW | POWERSHARES BUYBACK ACHIEVERS | 0.76% | Add +19.9% | 36,381 | $2.07M | No quote | No quote |
| 32 | AMLP | ALERIAN MLP ETF | 0.64% | New | 187,742 | $1.76M | $9.37 | No quote |
| 33 | PFE | Pfizer Inc | 0.35% | Reduce -0.9% | 27,239 | $967K | $35.50 | No quote |
| 34 | RUSHB | Rush Enterprises CLB | 0.08% | Reduce -51.4% | 5,666 | $229K | $40.42 | No quote |
| 35 | EGO | ELDORADO GOLD CORP NEW COM | 0.00% | Reduce -85.7% | 10,000 | $8K | $0.80 | No quote |
| 52 | OLED | UNIVERSAL DISPLAY CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 51 | TPH | TRI POINTE GROUP INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 50 | TEVA | TEVA PHARMACEUTCL INDS ADR | - | Sold | 0 | $0 | No quote | No quote |
| 49 | SAVE | SPIRIT AIRLS INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 48 | MS | Morgan Stanley | - | Sold | 0 | $0 | No quote | No quote |
| 47 | MGNX | MACROGENICS INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 46 | HBI | HANESBRANDS INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 45 | GLNG | GOLAR LNG LTD | - | Sold | 0 | $0 | No quote | No quote |
| 44 | EPD | ENTERPRISE PRODUCTS PARTNERS | - | Sold | 0 | $0 | No quote | No quote |
| 43 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | - | Sold | 0 | $0 | No quote | No quote |
| 42 | CTRA | CABOT OIL & GAS CORP | - | Sold | 0 | $0 | No quote | No quote |
| 41 | BWP | BOARDWALK PIPELIN PTNR UT LTD | - | Sold | 0 | $0 | No quote | No quote |
| 40 | BIVV | BIOVERATIV INC | - | Sold | 0 | $0 | No quote | No quote |
| 39 | AMP | AMERIPRISE FINANCIAL INC | - | Sold | 0 | $0 | No quote | No quote |
| 38 | DCH | AMERICAN AXLE & MFG COM | - | Sold | 0 | $0 | No quote | No quote |
| 37 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | - | Sold | 0 | $0 | No quote | No quote |
| 36 | AFMD | AFFIMED NV | - | 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 | ALLY | ALLY FINACIAL INCCOM | PUT | - | 46,800 | $1.27M |
| 2 | GILD | GILEAD SCIENCES INC COMCOM | CALL | Reduce -91.1% | 2,200 | $166K |
| 22 | WMB | Williams Cos. Inc.COM | PUT | Sold | 0 | $0 |
| 21 | WFT | WEATHERFORD INTL PLC ORD SHSCOM | CALL | Sold | 0 | $0 |
| 20 | VIAB | VIACOM INC-CLASS BCOM | PUT | Sold | 0 | $0 |
| 19 | TEVA | TEVA PHARMACEUTCL INDS ADRCOM | CALL | Sold | 0 | $0 |
| 18 | TSLA | TESLA MOTORS INCCOM | PUT | Sold | 0 | $0 |
| 17 | S | SPRINT NEXTEL CORPCOM | PUT | Sold | 0 | $0 |
| 16 | PAA | PLAINS ALL AMERN PIPEL UNIT LTMLP | PUT | Sold | 0 | $0 |
| 15 | NAVI | NAVIENT CORP COMCOM | PUT | Sold | 0 | $0 |
| 14 | LEN | LENNAR CORP CL ACOM | CALL | Sold | 0 | $0 |
| 13 | HCP | HCP INC COMCOM | PUT | Sold | 0 | $0 |
| 12 | GLNG | GOLAR LNG LTDCOM | CALL | Sold | 0 | $0 |
| 11 | GM | General Motors Co.COM | CALL | Sold | 0 | $0 |
| 10 | GM | General Motors Co.COM | PUT | Sold | 0 | $0 |
| 9 | GGP | GENERAL GROWTH PROPERTIESCOM | PUT | Sold | 0 | $0 |
| 8 | F | Ford Motor CompanyCOM | PUT | Sold | 0 | $0 |
| 7 | CSCO | Cisco Systems IncCOM | CALL | Sold | 0 | $0 |
| 6 | CELG | CELGENE CORP COMCOM | CALL | Sold | 0 | $0 |
| 5 | CNQ | CANADIAN NAT RES LTD COMCOM | PUT | Sold | 0 | $0 |
| 4 | BAC | Bank of America CorpCOM | CALL | Sold | 0 | $0 |
| 3 | AKS | AK Steel Holding CorpCOM | PUT | Sold | 0 | $0 |