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.
Get email alerts when Muhlenkamp files a new 13F — sign in or create a free account.
Updated 2026-09-12 from SEC 13F data.
Live quotes available for 33 of 82 rows. Rows without a quote are marked unavailable.
| 1 | BFH | ALLIANCE DATA SYS CORP COM | 7.97% | Add +0.0% | 121,215 | $35.39M | $291.94 | No quote |
| 2 | GILD | GILEAD SCIENCES INC COM | 5.76% | Reduce -0.1% | 218,620 | $25.6M | $117.08 | No quote |
| 3 | JPM | J.P. Morgan Chase & Co. | 5.44% | Add +0.0% | 356,605 | $24.16M | $67.76 | No quote |
| 4 | CE | CELANESE CORP-SERIES A | 4.34% | Add +0.1% | 268,460 | $19.3M | $71.88 | No quote |
| 5 | AAPL | Apple Computer Inc. | 4.27% | Add +0.0% | 151,058 | $18.95M | $125.42 | No quote |
| 6 | 04270V | ARRIS GROUP INC NEW COM | 4.09% | Add +0.1% | 593,570 | $18.16M | No quote | No quote |
| 7 | DCH | AMERICAN AXLE & MFG COM | 3.84% | Add +0.0% | 816,570 | $17.07M | $20.91 | No quote |
| 8 | HBI | HANESBRANDS INC COM | 3.83% | Reduce -0.0% | 510,225 | $17M | No quote | No quote |
| 9 | ON | ON SEMICONDUCTOR CORP COM | 3.34% | Add +0.1% | 1,268,385 | $14.83M | $11.69 | No quote |
| 10 | ALGT | ALLEGIANT TRAVEL CO | 3.20% | Add +0.1% | 79,871 | $14.21M | $177.87 | No quote |
| 11 | HEDJ | WISDOMTREE TR EUROPE HEDGED EQ | 3.18% | New | 229,245 | $14.12M | No quote | No quote |
| 12 | BMY | Bristol Myers Squibb | 3.17% | Reduce -0.3% | 211,620 | $14.08M | $66.54 | No quote |
| 13 | MDT | MEDTRONIC PLC | 2.90% | Add +0.1% | 173,750 | $12.88M | $74.10 | No quote |
| 14 | MSFT | Microsoft Corp | 2.89% | Add +0.1% | 290,555 | $12.83M | $44.15 | No quote |
| 15 | MS | Morgan Stanley | 2.80% | Add +0.1% | 320,400 | $12.43M | $38.79 | No quote |
| 16 | LNC | LINCOLN NATL CORP IND COM | 2.78% | Reduce -32.4% | 208,505 | $12.35M | $59.22 | No quote |
| 17 | DFS | DISCOVER FINL SVCS COM | 2.76% | Add +0.1% | 212,400 | $12.24M | No quote | No quote |
| 18 | DAL | Delta Air Lines | 2.45% | Reduce -0.0% | 265,400 | $10.9M | $41.08 | No quote |
| 19 | SAVE | SPIRIT AIRLS INC COM | 2.38% | Add +1.4% | 170,454 | $10.59M | No quote | No quote |
| 20 | STT | State Street Corp | 2.35% | Reduce -42.4% | 135,807 | $10.46M | $77.00 | No quote |
| 21 | TEVA | TEVA PHARMACEUTCL INDS ADR | 2.35% | Add +0.1% | 176,915 | $10.46M | $59.10 | No quote |
| 22 | RUSHA | Rush Enterprises CLA | 2.27% | - | 385,002 | $10.09M | $26.21 | No quote |
| 23 | OLED | UNIVERSAL DISPLAY CORP COM | 2.17% | Reduce -12.4% | 185,915 | $9.62M | No quote | No quote |
| 24 | NSR | NEUSTAR INC CL A | 2.02% | Reduce -4.5% | 307,190 | $8.97M | No quote | No quote |
| 25 | WCIC | WCI CMNTYS INC COM PAR $0.01 | 1.97% | Add +10.9% | 358,744 | $8.75M | No quote | No quote |
| 26 | ABG | ASBURY AUTOMOTIVE GP COM | 1.75% | Add +0.2% | 85,595 | $7.76M | $90.62 | No quote |
| 27 | OUTR | OUTERWALL INC COM | 1.69% | New | 98,745 | $7.52M | No quote | No quote |
| 28 | BHI | Baker Hughes Inc. | 1.55% | Add +0.2% | 111,340 | $6.87M | No quote | No quote |
| 29 | REXX | REX ENERGY CORP | 1.37% | Add +11.2% | 1,087,755 | $6.08M | No quote | No quote |
| 30 | PKW | POWERSHARES ETF TRUST DYNA BUY | 1.32% | Add +0.1% | 120,445 | $5.86M | No quote | No quote |
| 31 | DSUM | POWERSHARES ETF TR II ASIA PAC | 1.13% | New | 202,010 | $5M | No quote | No quote |
| 32 | HAL | Halliburton Co. | 1.07% | Reduce -1.9% | 110,250 | $4.75M | $43.07 | No quote |
| 33 | EZCH | EZCHIP SEMICONDUCTOR | 1.04% | Reduce -13.5% | 289,891 | $4.63M | No quote | No quote |
| 34 | MGNX | MACROGENICS INC COM | 0.57% | Add +0.1% | 66,500 | $2.53M | No quote | No quote |
| 35 | NLY | Annaly Capital Management | 0.53% | Add +0.9% | 256,355 | $2.36M | No quote | No quote |
| 36 | GM | General Motors Co. | 0.52% | Reduce -0.1% | 69,500 | $2.32M | $33.32 | No quote |
| 37 | RUSHB | Rush Enterprises CLB | 0.51% | Add +1.3% | 94,852 | $2.28M | $24.00 | No quote |
| 38 | BXE | BELLATRIX EXPLORATION COM | 0.42% | Reduce -0.6% | 801,100 | $1.87M | No quote | No quote |
| 39 | PFE | Pfizer Inc | 0.29% | - | 38,409 | $1.29M | $33.53 | No quote |
| 40 | EPZM | EPIZYME INC COM | 0.28% | - | 51,860 | $1.25M | No quote | No quote |
| 41 | ISSC | INNOVATIVE SOLTNS&SUPP COM | 0.24% | Reduce -9.1% | 328,729 | $1.09M | No quote | No quote |
| 42 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.23% | Add +93.3% | 69,000 | $1M | No quote | No quote |
| 43 | DSL | DOUBLELINE INCOME SOLU COM | 0.15% | Add +106.2% | 33,720 | $667K | No quote | No quote |
| 44 | MHRPRD | MAGNUM HUNTER RES CORP CUM PFD | 0.13% | Add +42.9% | 18,845 | $591K | No quote | No quote |
| 45 | PHM | Pulte Homes, Inc. | 0.11% | Reduce -11.0% | 24,200 | $488K | $20.17 | No quote |
| 46 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.08% | - | 11,550 | $341K | No quote | No quote |
| 47 | - | PEABODY ENERGYCUSIP 704549AG9 | 0.08% | New | 1,990,000 | $336K | No quote | No quote |
| 49 | TNK | TEEKAY TANKERS LTD CL A | 0.07% | - | 47,400 | $313K | No quote | No quote |
| 48 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.07% | - | 12,530 | $313K | No quote | No quote |
| 50 | NE | NOBLE CORP PLC | 0.05% | - | 13,650 | $210K | $15.38 | No quote |
| 51 | DSPG | DSP GROUP INC COM | 0.04% | Reduce -32.5% | 18,350 | $190K | No quote | No quote |
| 52 | GNW | GENWORTH FINL INC COM CL A | 0.04% | - | 24,400 | $185K | No quote | No quote |
| 53 | QUIK | QUICKLOGIC CORP COM | 0.04% | Add +12.5% | 101,775 | $162K | No quote | No quote |
| 54 | ACAS | AMERICAN CAPITAL LTD | 0.03% | Reduce -51.2% | 10,400 | $141K | No quote | No quote |
| 55 | EGO | ELDORADO GOLD CORP NEW COM | 0.02% | Reduce -80.5% | 24,685 | $102K | $4.13 | No quote |
| 56 | PAAS | PAN AMERICAN SILVER CP COM | 0.02% | Reduce -50.0% | 10,360 | $89K | $8.59 | No quote |
| 57 | ZIXI | ZIX CORP COM | 0.02% | Add +13.6% | 13,055 | $67K | No quote | No quote |
| 58 | HTBX | HEAT BIOLOGICS INC COM | 0.01% | New | 10,005 | $60K | No quote | No quote |
| 59 | QTWWQ | QUANTUM FUEL SYS TECH COM NEW | 0.01% | - | 20,000 | $44K | No quote | No quote |
| 60 | CSCO | Cisco Systems Inc | 0.01% | New | 1,290 | $35K | $27.13 | No quote |
| 61 | CELGZ | CELGENE CORP-CVR | 0.01% | New | 12,585 | $26K | No quote | No quote |
| 62 | AMSLF | FLYHT AEROSPACE SOLUTI COM | 0.00% | - | 22,000 | $4K | No quote | No quote |
| 74 | WPRT | WESTPORT INNOVATIONS COM NEW | - | Sold | 0 | $0 | No quote | No quote |
| 73 | SAH | SONIC AUTOMOTIVE INC CL A | - | Sold | 0 | $0 | No quote | No quote |
| 72 | MUHLX | Muhlenkamp Fund | - | Sold | 0 | $0 | No quote | No quote |
| 71 | MHR | MAGNUM HUNTER RES CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 70 | GE | General Electric | - | Sold | 0 | $0 | No quote | No quote |
| 69 | CI | Cigna Corp | - | Sold | 0 | $0 | No quote | No quote |
| 68 | CELG | CELGENE CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 67 | - | CALL GENERAL MOTORS CO $35 EXPCUSIP BBG005KHN | - | Sold | 0 | $0 | No quote | No quote |
| 66 | - | CALL CISCO SYSTEMS $22 EXP 01/CUSIP 4675088 | - | Sold | 0 | $0 | No quote | No quote |
| 65 | BRK-B | Berkshire Hathaway CL B | - | Sold | 0 | $0 | No quote | No quote |
| 64 | ATHX | ATHERSYS INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 63 | AAL | AMERICAN AIRLINES GROUP INC | - | 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 | New | 359,600 | $11.99M |
| 2 | NLY | Annaly Capital ManagementCOM | CALL | New | 217,700 | $2M |
| 3 | CSCO | Cisco Systems IncCOM | CALL | New | 68,200 | $1.87M |
| 4 | SPY | SPDR TR Series 1ETF | PUT | New | 6,200 | $1.28M |
| 5 | XOM | Exxon Mobil Corp.COM | PUT | New | 5,200 | $433K |
| 6 | PHM | Pulte Homes, Inc.COM | CALL | New | 13,000 | $262K |
| 7 | MS | Morgan StanleyCOM | CALL | New | 1,000 | $39K |
| 8 | ACAS | AMERICAN CAPITAL LTDCOM | CALL | New | 2,000 | $27K |