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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Filing period

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

Live quotes available for 32 of 39 rows. Rows without a quote are marked unavailable.


1	AAPL	APPLE INC	7.56%	Reduce -6.4%	58,874	$17.29M	$293.64	No quote
2	MSFT	MICROSOFT CORP	7.00%	Reduce -8.2%	101,622	$16.03M	$157.70	No quote
3	GLD	SPDR GOLD TRUST	5.19%	Add +0.1%	83,028	$11.87M	$142.90	No quote
4	RUSHA	RUSH ENTERPRISES INC	5.08%	Add +0.0%	249,989	$11.62M	$46.50	No quote
5	MCHP	MICROCHIP TECHNOLOGY INC	4.35%	Reduce -0.1%	95,065	$9.96M	$104.72	No quote
6	MCK	MCKESSON CORP	4.26%	Add +0.0%	70,541	$9.76M	$138.32	No quote
7	BRK-B	BERKSHIRE HATHAWAY INC DEL	3.60%	Reduce -0.0%	36,318	$8.23M	$226.50	No quote
8	DOW	DOW INC	3.56%	Add +295.4%	148,841	$8.15M	$54.73	No quote
9	AMLP	ALPS ETF TR	3.50%	Add +20.4%	941,429	$8M	$8.50	No quote
10	CVS	CVS HEALTH CORP	3.46%	Add +52.1%	106,514	$7.91M	$74.29	No quote
11	BMY	BRISTOL MYERS SQUIBB CO	3.46%	New	123,223	$7.91M	$64.19	No quote
12	AVGO	BROADCOM INC	3.33%	Add +19.6%	24,118	$7.62M	$316.03	No quote
13	BFH	ALLIANCE DATA SYSTEMS CORP	3.32%	Reduce -1.4%	67,647	$7.59M	$112.20	No quote
14	JAZZ	JAZZ PHARMACEUTICALS PLC	3.24%	Add +36.9%	49,626	$7.41M	$149.28	No quote
15	LMT	LOCKHEED MARTIN CORP	3.21%	Add +0.0%	18,889	$7.36M	$389.38	No quote
16	MTH	MERITAGE HOMES CORP	3.14%	Reduce -0.0%	117,759	$7.2M	$61.11	No quote
17	NLY	ANNALY CAP MGMT INC	3.12%	Add +0.0%	758,883	$7.15M	No quote	No quote
18	DAL	DELTA AIR LINES INC DEL	2.92%	Add +0.0%	114,371	$6.69M	$58.48	No quote
19	CI	CIGNA CORP NEW	2.78%	Add +2.0%	31,131	$6.37M	$204.49	No quote
20	CE	CELANESE CORP DEL	2.65%	Add +0.1%	49,326	$6.07M	$123.12	No quote
21	AYI	ACUITY BRANDS INC	2.59%	-	42,970	$5.93M	$138.00	No quote
22	BIIB	BIOGEN INC	2.30%	Reduce -0.0%	17,768	$5.27M	$296.71	No quote
23	LEN	LENNAR CORP	2.24%	New	92,060	$5.14M	$55.79	No quote
24	TEN	TENNECO INC	2.14%	New	373,957	$4.9M	No quote	No quote
25	AZO	AUTOZONE INC	2.00%	Add +0.2%	3,835	$4.57M	$1191.39	No quote
26	PKW	INVESCO EXCHANGE TRADED FD T	1.94%	Add +104.4%	64,195	$4.43M	No quote	No quote
27	WAB	WABTEC CORP	1.79%	Add +0.0%	52,567	$4.09M	$77.81	No quote
28	CCJ	CAMECO CORP	1.48%	Reduce -55.0%	380,132	$3.38M	$8.90	No quote
29	UNH	UNITEDHEALTH GROUP INC	1.33%	Add +0.5%	10,369	$3.05M	$293.95	No quote
30	GILD	GILEAD SCIENCES INC	1.12%	Reduce -70.2%	39,475	$2.57M	$64.98	No quote
31	GMLP	GOLAR LNG PARTNERS LP	1.00%	Add +9.1%	259,350	$2.29M	No quote	No quote
32	PFE	PFIZER INC	0.43%	Reduce -2.6%	25,014	$980K	$39.18	No quote
33	EPD	ENTERPRISE PRODS PARTNERS L	0.31%	-	24,855	$700K	$28.16	No quote
34	MS	MORGAN STANLEY	0.24%	-	10,805	$552K	$51.09	No quote
35	CTSH	COGNIZANT TECHNOLOGY SOLUTIO	0.18%	Reduce -93.0%	6,467	$401K	$62.01	No quote
36	BMYRT	BRISTOL MYERS SQUIBB CO	0.09%	New	70,665	$213K	No quote	No quote
37	RUSHB	RUSH ENTERPRISES INC	0.09%	New	4,430	$202K	$45.60	No quote
39	CTVA	CORTEVA INC	-	Sold	0	$0	No quote	No quote
38	CELG	CELGENE CORP	-	Sold	0	$0	No quote	No quote