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 48 of 90 rows. Rows without a quote are marked unavailable.
| 1 | BFH | ALLIANCE DATA SYS CORP COM | 9.59% | Reduce -0.3% | 118,787 | $29.58M | $249.00 | No quote |
| 2 | AAPL | Apple Computer Inc. | 6.90% | Reduce -0.5% | 148,281 | $21.3M | $143.66 | No quote |
| 3 | ON | ON SEMICONDUCTOR CORP COM | 6.23% | Reduce -0.4% | 1,240,770 | $19.22M | $15.49 | No quote |
| 4 | GILD | GILEAD SCIENCES INC COM | 4.97% | Add +6.0% | 225,725 | $15.33M | $67.92 | No quote |
| 5 | MSFT | Microsoft Corp | 4.96% | Reduce -0.2% | 232,538 | $15.32M | $65.86 | No quote |
| 6 | CE | CELANESE CORP-SERIES A | 3.56% | Reduce -0.2% | 122,320 | $10.99M | $89.85 | No quote |
| 7 | LCI | LANNETT INC COM | 3.52% | Reduce -3.5% | 486,510 | $10.87M | No quote | No quote |
| 8 | MCK | MCKESSON CORP COM | 3.43% | Reduce -0.5% | 71,430 | $10.59M | $148.26 | No quote |
| 9 | HBI | HANESBRANDS INC COM | 3.36% | Add +7.2% | 499,296 | $10.37M | No quote | No quote |
| 10 | GLD | SPDR GOLD TRUST GOLD SHS | 3.26% | Reduce -0.9% | 84,705 | $10.06M | $118.72 | No quote |
| 11 | BMY | BRISTOL-MEYERS SQUIBB CO | 3.14% | Reduce -0.4% | 178,201 | $9.69M | $54.38 | No quote |
| 12 | UNH | UnitedHealth Group Inc. | 3.14% | Reduce -0.1% | 59,020 | $9.68M | $164.01 | No quote |
| 13 | CCJ | CAMECO CORP COM | 3.13% | Add +58.1% | 871,688 | $9.65M | $11.07 | No quote |
| 14 | SAVE | SPIRIT AIRLS INC COM | 3.12% | Reduce -0.8% | 181,205 | $9.62M | No quote | No quote |
| 15 | CELG | CELGENE CORP COM | 2.92% | Reduce -0.3% | 72,493 | $9.02M | No quote | No quote |
| 16 | RUSHA | Rush Enterprises CLA | 2.70% | Reduce -34.5% | 252,012 | $8.34M | $33.08 | No quote |
| 17 | FHI | Federated Invs. PA CL B | 2.55% | Reduce -0.2% | 299,221 | $7.88M | No quote | No quote |
| 18 | FOXA | TWENTY-FIRST CENTURY FOX-A | 2.54% | New | 242,290 | $7.85M | $32.39 | No quote |
| 19 | DOW | Dow Chemical Co. | 2.43% | New | 118,055 | $7.5M | $63.54 | No quote |
| 20 | MCHP | MICROCHIP TECHNOLOGY COM | 2.39% | New | 99,810 | $7.36M | $73.78 | No quote |
| 21 | TCEHY | TENCENT HOLDINGS LTD-UNS ADR | 2.34% | Reduce -0.0% | 249,928 | $7.21M | No quote | No quote |
| 22 | BIIB | BIOGEN IDEC INC COM | 2.26% | Add +9.8% | 25,557 | $6.99M | $273.43 | No quote |
| 23 | DAL | Delta Air Lines | 1.98% | Reduce -0.1% | 132,875 | $6.11M | $45.96 | No quote |
| 24 | GMLP | GOLAR LNG PARTNERS LP COM UNIT | 1.89% | Reduce -0.3% | 261,040 | $5.83M | No quote | No quote |
| 25 | GME | GAMESTOP CORP NEW CL A | 1.89% | Reduce -2.0% | 257,964 | $5.82M | No quote | No quote |
| 26 | SLB | Schlumberger Ltd | 1.85% | Reduce -0.9% | 73,125 | $5.71M | $78.10 | No quote |
| 27 | OLED | UNIVERSAL DISPLAY CORP COM | 1.61% | Reduce -23.5% | 57,560 | $4.96M | No quote | No quote |
| 28 | DLNG | DYNAGAS LNG PARTNERS L COM UNI | 1.18% | Reduce -0.5% | 205,997 | $3.63M | No quote | No quote |
| 29 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 1.14% | Add +0.0% | 143,010 | $3.5M | No quote | No quote |
| 30 | TEVA | TEVA PHARMACEUTCL INDS ADR | 1.11% | Reduce -55.5% | 106,645 | $3.42M | $32.09 | No quote |
| 31 | NLY | Annaly Capital Management | 0.86% | Add +2.6% | 238,480 | $2.65M | No quote | No quote |
| 32 | ALGT | ALLEGIANT TRAVEL CO | 0.81% | Reduce -54.5% | 15,646 | $2.51M | $160.23 | No quote |
| 33 | PKW | POWERSHARES BUYBACK ACHIEVERS | 0.59% | Reduce -3.5% | 35,250 | $1.83M | No quote | No quote |
| 34 | PFE | Pfizer Inc | 0.37% | Reduce -2.8% | 33,034 | $1.13M | $34.21 | No quote |
| 35 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.32% | - | 54,200 | $992K | No quote | No quote |
| 36 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.22% | - | 31,400 | $689K | No quote | No quote |
| 37 | BIVV | BIOVERATIV INC | 0.20% | New | 11,543 | $629K | No quote | No quote |
| 38 | RUSHB | Rush Enterprises CLB | 0.17% | Reduce -83.1% | 16,418 | $512K | $31.19 | No quote |
| 39 | GLNG | GOLAR LNG LTD | 0.16% | - | 17,510 | $489K | $27.93 | No quote |
| 40 | BXE | BELLATRIX EXPLORATION COM | 0.15% | Reduce -1.4% | 590,100 | $469K | No quote | No quote |
| 41 | DCH | AMERICAN AXLE & MFG COM | 0.15% | - | 24,200 | $454K | $18.76 | No quote |
| 42 | ETP | ENERGY TRANSFER PRTNRS UNIT LT | 0.14% | - | 11,440 | $418K | No quote | No quote |
| 43 | CTRA | CABOT OIL & GAS CORP | 0.12% | New | 15,510 | $371K | $23.92 | No quote |
| 44 | REXX | REX ENERGY CORP | 0.10% | Reduce -1.6% | 634,589 | $298K | No quote | No quote |
| 45 | MS | Morgan Stanley | 0.09% | - | 6,505 | $279K | $42.89 | No quote |
| 46 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.09% | - | 12,050 | $275K | No quote | No quote |
| 48 | LYB | LYONDELLBASELL INDUSTR SHS - A | 0.09% | Add +11.5% | 2,900 | $264K | $91.03 | No quote |
| 47 | EGO | ELDORADO GOLD CORP NEW COM | 0.09% | New | 77,340 | $264K | $3.41 | No quote |
| 49 | MGNX | MACROGENICS INC COM | 0.08% | Add +2.8% | 13,167 | $245K | No quote | No quote |
| 50 | AMP | AMERIPRISE FINANCIAL INC | 0.07% | New | 1,600 | $207K | $129.38 | No quote |
| 51 | AFMD | AFFIMED NV | 0.05% | - | 72,786 | $167K | No quote | No quote |
| 52 | COO | COOPER COS INC/THE | 0.01% | New | 170 | $34K | $200.00 | No quote |
| 53 | AMSLF | FLYHT AEROSPACE SOLUTI COM | 0.00% | - | 22,000 | $5K | No quote | No quote |
| 59 | WCIC | WCI CMNTYS INC COM PAR $0.01 | - | Sold | 0 | $0 | No quote | No quote |
| 58 | QHC | QUORUM HEALTH CORP | - | Sold | 0 | $0 | No quote | No quote |
| 57 | KMI | KINDER MORGAN INC | - | Sold | 0 | $0 | No quote | No quote |
| 56 | HAL | Halliburton Co. | - | Sold | 0 | $0 | No quote | No quote |
| 55 | CYH | COMMUNITY HEALTH SYS INC NEW | - | Sold | 0 | $0 | No quote | No quote |
| 54 | ACAS | AMERICAN CAPITAL LTD | - | 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 | VNO | VORNADO RLTY TR SH BEN INTCOM | PUT | - | 21,000 | $2.11M |
| 2 | GILD | GILEAD SCIENCES INC COMCOM | CALL | Add +93.2% | 28,600 | $1.94M |
| 3 | F | Ford Motor CompanyCOM | PUT | - | 110,000 | $1.28M |
| 4 | GGP | GENERAL GROWTH PROPERTIESCOM | PUT | - | 47,500 | $1.1M |
| 5 | ALLY | ALLY FINACIAL INCCOM | PUT | - | 46,800 | $951K |
| 6 | TSLA | TESLA MOTORS INCCOM | PUT | - | 3,000 | $835K |
| 7 | PAA | PLAINS ALL AMERN PIPEL UNIT LTMLP | PUT | - | 26,000 | $822K |
| 9 | CNQ | CANADIAN NAT RES LTD COMCOM | PUT | - | 25,000 | $820K |
| 8 | BIIB | BIOGEN IDEC INC COMCOM | CALL | - | 3,000 | $820K |
| 10 | BAC | Bank of America CorpCOM | CALL | - | 30,000 | $708K |
| 11 | VIAB | VIACOM INC-CLASS BCOM | PUT | - | 14,000 | $653K |
| 12 | NAVI | NAVIENT CORP COMCOM | PUT | - | 39,000 | $576K |
| 13 | HCP | HCP INC COMCOM | PUT | - | 18,000 | $563K |
| 14 | S | SPRINT NEXTEL CORPCOM | PUT | - | 57,000 | $495K |
| 15 | WMB | Williams Cos. Inc.COM | PUT | - | 15,000 | $444K |
| 16 | LEN | LENNAR CORP CL ACOM | CALL | - | 8,100 | $415K |
| 17 | AKS | AK Steel Holding CorpCOM | PUT | - | 57,000 | $410K |
| 18 | CELG | CELGENE CORP COMCOM | CALL | - | 3,000 | $373K |
| 19 | JCP | PENNEY J C INC COMCOM | PUT | - | 60,000 | $370K |
| 20 | TPH | TRI POINTE GROUP INC COMCOM | CALL | - | 26,000 | $326K |
| 21 | WFT | WEATHERFORD INTL PLC ORD SHSCOM | CALL | - | 44,500 | $296K |
| 22 | AVP | Avon Products, Inc.COM | PUT | - | 57,000 | $251K |
| 23 | AFL | AFLAC INC COMCOM | PUT | New | 3,300 | $239K |
| 24 | CVS | C V S Corp DelCOM | CALL | New | 3,000 | $236K |
| 25 | GM | General Motors Co.COM | CALL | - | 6,400 | $226K |
| 26 | CSCO | Cisco Systems IncCOM | CALL | Reduce -68.4% | 6,000 | $203K |
| 27 | COO | COOPER COS INC/THECOM | CALL | New | 1,000 | $200K |
| 28 | CCJ | CAMECO CORP COMCOM | CALL | New | 2,000 | $22K |
| 31 | PHM | Pulte Homes, Inc.COM | CALL | Sold | 0 | $0 |
| 30 | AAPL | Apple Computer Inc.COM | CALL | Sold | 0 | $0 |
| 29 | BFH | ALLIANCE DATA SYS CORP COMCOM | CALL | Sold | 0 | $0 |