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 30 of 76 rows. Rows without a quote are marked unavailable.
| 1 | BFH | ALLIANCE DATA SYS CORP COM | 9.65% | Add +0.0% | 121,235 | $31.4M | $258.98 | No quote |
| 2 | JPM | J.P. Morgan Chase & Co. | 6.68% | Add +0.0% | 356,685 | $21.75M | $60.97 | No quote |
| 3 | GILD | GILEAD SCIENCES INC COM | 6.58% | Reduce -0.3% | 217,990 | $21.4M | $98.19 | No quote |
| 4 | AAPL | Apple Computer Inc. | 5.12% | Add +0.0% | 151,074 | $16.66M | $110.30 | No quote |
| 5 | CE | CELANESE CORP-SERIES A | 4.88% | Add +0.0% | 268,570 | $15.89M | $59.17 | No quote |
| 6 | 04270V | ARRIS GROUP INC NEW COM | 4.74% | Add +0.0% | 593,835 | $15.42M | No quote | No quote |
| 7 | MSFT | Microsoft Corp | 3.95% | Add +0.0% | 290,675 | $12.87M | $44.26 | No quote |
| 8 | BMY | Bristol Myers Squibb | 3.85% | Add +0.1% | 211,750 | $12.54M | $59.20 | No quote |
| 9 | ON | ON SEMICONDUCTOR CORP COM | 3.67% | Add +0.1% | 1,269,600 | $11.93M | $9.40 | No quote |
| 10 | DAL | Delta Air Lines | 3.66% | Add +0.0% | 265,445 | $11.91M | $44.87 | No quote |
| 11 | HBI | HANESBRANDS INC COM | 3.57% | Reduce -21.4% | 401,290 | $11.61M | No quote | No quote |
| 12 | MDT | MEDTRONIC PLC | 3.57% | Reduce -0.2% | 173,364 | $11.61M | $66.94 | No quote |
| 13 | ALGT | ALLEGIANT TRAVEL CO | 3.48% | Reduce -34.4% | 52,381 | $11.33M | $216.24 | No quote |
| 14 | MS | Morgan Stanley | 3.10% | Add +0.1% | 320,565 | $10.1M | $31.50 | No quote |
| 15 | TEVA | TEVA PHARMACEUTCL INDS ADR | 3.07% | Add +0.0% | 176,955 | $9.99M | $56.46 | No quote |
| 16 | RUSHA | Rush Enterprises CLA | 2.86% | - | 385,002 | $9.32M | $24.20 | No quote |
| 17 | STT | State Street Corp | 2.80% | Reduce -0.1% | 135,712 | $9.12M | $67.21 | No quote |
| 18 | NSR | NEUSTAR INC CL A | 2.57% | Add +0.1% | 307,555 | $8.37M | No quote | No quote |
| 19 | WCIC | WCI CMNTYS INC COM PAR $0.01 | 2.50% | Add +0.1% | 359,129 | $8.13M | No quote | No quote |
| 20 | SAVE | SPIRIT AIRLS INC COM | 2.50% | Add +0.8% | 171,749 | $8.12M | No quote | No quote |
| 21 | ABG | ASBURY AUTOMOTIVE GP COM | 2.04% | Reduce -4.6% | 81,685 | $6.63M | $81.15 | No quote |
| 22 | OLED | UNIVERSAL DISPLAY CORP COM | 1.95% | Add +0.5% | 186,760 | $6.33M | No quote | No quote |
| 23 | PKW | POWERSHARES ETF TRUST DYNA BUY | 1.89% | Add +16.8% | 140,685 | $6.16M | No quote | No quote |
| 24 | BHI | Baker Hughes Inc. | 1.78% | Reduce -0.2% | 111,125 | $5.78M | No quote | No quote |
| 25 | OUTR | OUTERWALL INC COM | 1.73% | Add +0.2% | 98,950 | $5.63M | No quote | No quote |
| 26 | SLB | Schlumberger Ltd | 1.26% | New | 59,600 | $4.11M | $68.98 | No quote |
| 27 | HAL | Halliburton Co. | 1.10% | Reduce -8.5% | 100,900 | $3.57M | $35.35 | No quote |
| 28 | REXX | REX ENERGY CORP | 1.01% | Add +46.1% | 1,589,520 | $3.29M | No quote | No quote |
| 29 | NLY | Annaly Capital Management | 0.79% | Add +1.6% | 260,470 | $2.57M | No quote | No quote |
| 30 | RUSHB | Rush Enterprises CLB | 0.68% | Reduce -0.2% | 94,622 | $2.21M | $23.31 | No quote |
| 31 | MGNX | MACROGENICS INC COM | 0.44% | - | 66,500 | $1.42M | No quote | No quote |
| 32 | BXE | BELLATRIX EXPLORATION COM | 0.38% | Add +0.4% | 804,545 | $1.22M | No quote | No quote |
| 33 | PFE | Pfizer Inc | 0.37% | - | 38,409 | $1.21M | $31.40 | No quote |
| 34 | EPZM | EPIZYME INC COM | 0.21% | Add +1.0% | 52,370 | $673K | No quote | No quote |
| 35 | DSL | DOUBLELINE INCOME SOLU COM | 0.18% | - | 33,720 | $583K | No quote | No quote |
| 36 | ISSC | INNOVATIVE SOLTNS&SUPP COM | 0.15% | Reduce -45.8% | 178,179 | $483K | No quote | No quote |
| 37 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.14% | Reduce -42.3% | 39,800 | $468K | No quote | No quote |
| 38 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 0.12% | New | 23,685 | $382K | No quote | No quote |
| 39 | TNK | TEEKAY TANKERS LTD CL A | 0.10% | - | 47,400 | $327K | No quote | No quote |
| 40 | ET | ENERGY TRANSFER EQUITY COM UT | 0.10% | New | 15,634 | $325K | $20.79 | No quote |
| 41 | PHM | Pulte Homes, Inc. | 0.10% | Reduce -31.4% | 16,600 | $313K | $18.86 | No quote |
| 42 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.09% | - | 11,550 | $307K | No quote | No quote |
| 43 | DCH | AMERICAN AXLE & MFG COM | 0.08% | Reduce -98.5% | 12,600 | $251K | $19.92 | No quote |
| 44 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.08% | - | 12,530 | $247K | No quote | No quote |
| 45 | - | PEABODY ENERGYCUSIP 704549AG9 | 0.07% | - | 1,990,000 | $229K | No quote | No quote |
| 46 | MHRPRD | MAGNUM HUNTER RES CORP CUM PFD | 0.06% | Add +65.6% | 31,200 | $189K | No quote | No quote |
| 47 | QUIK | QUICKLOGIC CORP COM | 0.05% | Add +8.4% | 110,305 | $175K | No quote | No quote |
| 48 | DSPG | DSP GROUP INC COM | 0.05% | Add +2.7% | 18,845 | $172K | No quote | No quote |
| 49 | AFMD | AFFIMED NV | 0.05% | New | 23,960 | $148K | No quote | No quote |
| 50 | ACAS | AMERICAN CAPITAL LTD | 0.04% | - | 10,400 | $126K | No quote | No quote |
| 51 | GNW | GENWORTH FINL INC COM CL A | 0.03% | - | 24,400 | $113K | No quote | No quote |
| 52 | EGO | ELDORADO GOLD CORP NEW COM | 0.02% | - | 24,685 | $79K | $3.20 | No quote |
| 53 | PAAS | PAN AMERICAN SILVER CP COM | 0.02% | - | 10,360 | $66K | $6.37 | No quote |
| 54 | HTBX | HEAT BIOLOGICS INC COM | 0.02% | Add +8.0% | 10,800 | $50K | No quote | No quote |
| 55 | ZIXI | ZIX CORP COM | 0.01% | Reduce -18.0% | 10,710 | $45K | No quote | No quote |
| 56 | PACB | PACIFIC BIOSCIENCES IN COM | 0.01% | New | 11,125 | $41K | $3.69 | No quote |
| 57 | CELGZ | CELGENE CORP-CVR | 0.01% | Add +25.6% | 15,810 | $25K | No quote | No quote |
| 58 | AMSLF | FLYHT AEROSPACE SOLUTI COM | 0.00% | - | 22,000 | $3K | No quote | No quote |
| 67 | HEDJ | WISDOMTREE TR EUROPE HEDGED EQ | - | Sold | 0 | $0 | No quote | No quote |
| 66 | QTWWQ | QUANTUM FUEL SYS TECH COM NEW | - | Sold | 0 | $0 | No quote | No quote |
| 65 | DSUM | POWERSHARES ETF TR II ASIA PAC | - | Sold | 0 | $0 | No quote | No quote |
| 64 | NE | NOBLE CORP PLC | - | Sold | 0 | $0 | No quote | No quote |
| 63 | LNC | LINCOLN NATL CORP IND COM | - | Sold | 0 | $0 | No quote | No quote |
| 62 | GM | General Motors Co. | - | Sold | 0 | $0 | No quote | No quote |
| 61 | EZCH | EZCHIP SEMICONDUCTOR | - | Sold | 0 | $0 | No quote | No quote |
| 60 | DFS | DISCOVER FINL SVCS COM | - | Sold | 0 | $0 | No quote | No quote |
| 59 | CSCO | Cisco Systems 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 | - | 359,600 | $10.8M |
| 2 | NLY | Annaly Capital ManagementCOM | CALL | - | 217,700 | $2.15M |
| 3 | CSCO | Cisco Systems IncCOM | CALL | - | 68,200 | $1.79M |
| 4 | PHM | Pulte Homes, Inc.COM | CALL | - | 13,000 | $245K |
| 5 | SAVE | SPIRIT AIRLS INC COMCOM | CALL | New | 2,600 | $123K |
| 6 | MS | Morgan StanleyCOM | CALL | - | 1,000 | $32K |
| 7 | ACAS | AMERICAN CAPITAL LTDCOM | CALL | - | 2,000 | $24K |
| 9 | SPY | SPDR TR Series 1ETF | PUT | Sold | 0 | $0 |
| 8 | XOM | Exxon Mobil Corp.COM | PUT | Sold | 0 | $0 |