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 68 rows. Rows without a quote are marked unavailable.
| 1 | BFH | ALLIANCE DATA SYS CORP COM | 10.99% | Add +0.1% | 121,321 | $26.69M | $220.00 | No quote |
| 2 | GILD | GILEAD SCIENCES INC COM | 8.24% | Add +0.0% | 217,990 | $20.03M | $91.86 | No quote |
| 3 | AAPL | Apple Computer Inc. | 6.78% | Reduce -0.1% | 151,204 | $16.48M | $108.99 | No quote |
| 4 | BMY | BRISTOL-MEYERS SQUIBB CO | 5.58% | Add +0.2% | 212,200 | $13.56M | $63.88 | No quote |
| 5 | MSFT | Microsoft Corp | 5.38% | Reduce -18.0% | 236,663 | $13.07M | $55.23 | No quote |
| 6 | ON | ON SEMICONDUCTOR CORP COM | 5.01% | Add +0.1% | 1,268,990 | $12.17M | $9.59 | No quote |
| 7 | HBI | HANESBRANDS INC COM | 4.68% | Add +0.1% | 401,470 | $11.38M | No quote | No quote |
| 8 | TEVA | TEVA PHARMACEUTCL INDS ADR | 3.90% | Add +0.1% | 177,160 | $9.48M | $53.51 | No quote |
| 9 | ALGT | ALLEGIANT TRAVEL CO | 3.85% | Add +0.2% | 52,476 | $9.34M | $178.06 | No quote |
| 10 | SAVE | SPIRIT AIRLS INC COM | 3.82% | Add +0.1% | 193,315 | $9.28M | No quote | No quote |
| 11 | CE | CELANESE CORP-SERIES A | 3.38% | Reduce -53.4% | 125,270 | $8.21M | $65.50 | No quote |
| 12 | UNH | UnitedHealth Group Inc. | 3.21% | New | 60,480 | $7.8M | $128.90 | No quote |
| 13 | NSR | NEUSTAR INC CL A | 3.13% | Add +0.3% | 309,390 | $7.61M | No quote | No quote |
| 14 | LCI | LANNET INC COM | 3.00% | New | 406,600 | $7.29M | No quote | No quote |
| 15 | RUSHA | Rush Enterprises CLA | 2.89% | - | 385,002 | $7.02M | $18.24 | No quote |
| 16 | WCIC | WCI CMNTYS INC COM PAR $0.01 | 2.76% | Add +0.3% | 360,324 | $6.7M | No quote | No quote |
| 17 | DAL | Delta Air Lines | 2.69% | Reduce -49.4% | 134,250 | $6.54M | $48.68 | No quote |
| 18 | PKW | POWERSHARES BUYBACK ACHIEVERS | 2.62% | Add +0.2% | 140,670 | $6.38M | No quote | No quote |
| 19 | BIIB | BIOGEN IDEC INC COM | 2.56% | New | 23,853 | $6.21M | $260.30 | No quote |
| 20 | BHI | Baker Hughes Inc. | 2.00% | Reduce -0.1% | 110,965 | $4.86M | No quote | No quote |
| 21 | SLB | Schlumberger Ltd | 1.83% | Add +0.8% | 60,310 | $4.45M | $73.75 | No quote |
| 22 | OLED | UNIVERSAL DISPLAY CORP COM | 1.68% | Reduce -40.4% | 75,575 | $4.09M | No quote | No quote |
| 23 | GMLP | GOLAR LNG PARTNERS LP COM UNIT | 1.63% | New | 269,095 | $3.95M | No quote | No quote |
| 24 | HAL | Halliburton Co. | 1.47% | - | 100,000 | $3.57M | $35.72 | No quote |
| 25 | NLY | Annaly Capital Management | 1.11% | Add +0.6% | 261,655 | $2.69M | No quote | No quote |
| 26 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 1.02% | Add +466.4% | 148,340 | $2.47M | No quote | No quote |
| 27 | DLNG | DYNAGAS LNG PARTNERS L COM UNI | 0.95% | New | 202,265 | $2.31M | No quote | No quote |
| 28 | RUSHB | Rush Enterprises CLB | 0.72% | Add +1.0% | 95,557 | $1.75M | $18.26 | No quote |
| 29 | MGNX | MACROGENICS INC COM | 0.52% | Add +1.3% | 67,245 | $1.26M | No quote | No quote |
| 30 | PFE | Pfizer Inc | 0.47% | - | 38,409 | $1.14M | $29.63 | No quote |
| 31 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.35% | - | 58,200 | $858K | No quote | No quote |
| 32 | BXE | BELLATRIX EXPLORATION COM | 0.33% | Reduce -2.1% | 788,595 | $796K | No quote | No quote |
| 33 | DSL | DOUBLELINE INCOME SOLU COM | 0.23% | - | 33,720 | $567K | No quote | No quote |
| 34 | REXX | REX ENERGY CORP | 0.22% | Reduce -8.8% | 683,479 | $525K | No quote | No quote |
| 35 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.18% | Add +130.7% | 28,900 | $438K | No quote | No quote |
| 36 | DCH | AMERICAN AXLE & MFG COM | 0.14% | Add +100.0% | 22,600 | $348K | $15.40 | No quote |
| 37 | GLNG | GOLAR LNG LTD | 0.13% | New | 17,210 | $309K | $17.95 | No quote |
| 38 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.11% | - | 11,550 | $271K | No quote | No quote |
| 39 | KMI | KINDER MORGAN INC | 0.11% | - | 14,570 | $260K | $17.84 | No quote |
| 40 | TNK | TEEKAY TANKERS LTD CL A | 0.07% | Add +3.5% | 49,075 | $180K | No quote | No quote |
| 41 | DSPG | DSP GROUP INC COM | 0.07% | Add +1.1% | 19,055 | $174K | No quote | No quote |
| 42 | ACAS | AMERICAN CAPITAL LTD | 0.07% | Add +1.9% | 10,600 | $162K | No quote | No quote |
| 43 | AFMD | AFFIMED NV | 0.05% | Add +15.7% | 31,470 | $118K | No quote | No quote |
| 44 | TOO | TEEKAY OFFSHORE PARTNE PARTNER | 0.04% | New | 14,915 | $85K | No quote | No quote |
| 45 | GTIM | GOOD TIMES RESTAURANTS COM PAR | 0.02% | Reduce -26.7% | 10,220 | $41K | No quote | No quote |
| 46 | QUIK | QUICKLOGIC CORP COM | 0.01% | Reduce -73.2% | 21,815 | $23K | No quote | No quote |
| 47 | CELGZ | CELGENE CORP-CVR | 0.01% | Reduce -9.6% | 15,810 | $18K | No quote | No quote |
| 48 | AMSLF | FLYHT AEROSPACE SOLUTI COM | 0.00% | - | 22,000 | $3K | No quote | No quote |
| 59 | ZIXI | ZIX CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 58 | WMB | Williams Cos. Inc. | - | Sold | 0 | $0 | No quote | No quote |
| 57 | ELOS | SYNERON MEDICAL LTD ORD SHS | - | Sold | 0 | $0 | No quote | No quote |
| 56 | PHM | Pulte Homes, Inc. | - | Sold | 0 | $0 | No quote | No quote |
| 55 | OUTR | OUTERWALL INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 54 | MS | Morgan Stanley | - | Sold | 0 | $0 | No quote | No quote |
| 53 | JPM | J.P. Morgan Chase & Co. | - | Sold | 0 | $0 | No quote | No quote |
| 52 | EPZM | EPIZYME INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 51 | ETP | ENERGY TRANSFER PRTNRS UNIT LT | - | Sold | 0 | $0 | No quote | No quote |
| 50 | ARRS | ARRIS INTERNATIONAL PLC | - | Sold | 0 | $0 | No quote | No quote |
| 49 | AMLP | ALERIAN MLP ETF | - | 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 | BIIB | BIOGEN IDEC INC COMCOM | CALL | New | 3,000 | $781K |
| 2 | CSCO | Cisco Systems IncCOM | CALL | Reduce -72.1% | 19,000 | $541K |
| 3 | GILD | GILEAD SCIENCES INC COMCOM | CALL | New | 3,200 | $294K |
| 4 | PHM | Pulte Homes, Inc.COM | CALL | - | 13,000 | $243K |
| 5 | GM | General Motors Co.COM | CALL | Reduce -98.2% | 6,400 | $201K |
| 9 | SAVE | SPIRIT AIRLS INC COMCOM | CALL | Sold | 0 | $0 |
| 8 | MS | Morgan StanleyCOM | CALL | Sold | 0 | $0 |
| 7 | NLY | Annaly Capital ManagementCOM | CALL | Sold | 0 | $0 |
| 6 | ACAS | AMERICAN CAPITAL LTDCOM | CALL | Sold | 0 | $0 |