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 44 of 80 rows. Rows without a quote are marked unavailable.
| 1 | AAPL | Apple Computer Inc. | 7.60% | Reduce -1.1% | 145,822 | $24.68M | $169.23 | No quote |
| 2 | ON | ON SEMICONDUCTOR CORP COM | 6.54% | Reduce -16.4% | 1,013,293 | $21.22M | $20.94 | No quote |
| 3 | MSFT | Microsoft Corp | 6.03% | Reduce -1.1% | 228,862 | $19.58M | $85.54 | No quote |
| 4 | BFH | ALLIANCE DATA SYS CORP COM | 5.46% | Add +0.3% | 69,965 | $17.74M | $253.48 | No quote |
| 5 | GILD | GILEAD SCIENCES INC COM | 4.87% | Reduce -1.6% | 220,613 | $15.81M | $71.64 | No quote |
| 6 | RUSHA | Rush Enterprises CLA | 3.94% | - | 252,012 | $12.81M | $50.81 | No quote |
| 7 | UNH | UnitedHealth Group Inc. | 3.92% | Reduce -1.6% | 57,760 | $12.73M | $220.46 | No quote |
| 8 | TCEHY | TENCENT HOLDINGS LTD-UNS ADR | 3.88% | Reduce -0.1% | 242,763 | $12.6M | No quote | No quote |
| 9 | CE | CELANESE CORP-SERIES A | 3.62% | Add +0.5% | 109,880 | $11.77M | $107.08 | No quote |
| 10 | MCK | MCKESSON CORP COM | 3.36% | Reduce -1.4% | 69,947 | $10.91M | $155.95 | No quote |
| 11 | BMY | BRISTOL-MEYERS SQUIBB CO | 3.30% | Reduce -1.5% | 174,575 | $10.7M | $61.28 | No quote |
| 12 | FHI | Federated Invs. PA CL B | 3.22% | Reduce -0.8% | 289,401 | $10.44M | No quote | No quote |
| 13 | GLD | SPDR GOLD TRUST GOLD SHS | 3.15% | Add +0.1% | 82,735 | $10.23M | $123.65 | No quote |
| 14 | LCI | LANNETT INC COM | 3.10% | Reduce -4.8% | 433,134 | $10.05M | No quote | No quote |
| 15 | HBI | HANESBRANDS INC COM | 3.06% | Reduce -1.5% | 475,778 | $9.95M | No quote | No quote |
| 16 | MCHP | MICROCHIP TECHNOLOGY COM | 2.63% | Reduce -1.7% | 97,148 | $8.54M | $87.88 | No quote |
| 17 | DWDP | DOWDUPONT INC | 2.52% | Reduce -1.7% | 114,911 | $8.18M | No quote | No quote |
| 18 | BIIB | BIOGEN IDEC INC COM | 2.42% | Add +0.6% | 24,682 | $7.86M | $318.57 | No quote |
| 19 | CCJ | CAMECO CORP COM | 2.42% | Reduce -1.7% | 850,562 | $7.85M | $9.23 | No quote |
| 20 | CELG | CELGENE CORP COM | 2.25% | Reduce -1.9% | 70,101 | $7.32M | No quote | No quote |
| 21 | OLED | UNIVERSAL DISPLAY CORP COM | 2.25% | Reduce -0.5% | 42,240 | $7.29M | No quote | No quote |
| 22 | DAL | Delta Air Lines | 2.20% | Reduce -1.8% | 127,750 | $7.15M | $56.00 | No quote |
| 23 | PHM | Pulte Homes, Inc. | 2.05% | New | 200,410 | $6.66M | $33.25 | No quote |
| 24 | THO | Thor Industries Inc. | 2.02% | New | 43,545 | $6.56M | $150.72 | No quote |
| 25 | CTSH | COGNIZANT TECH SOLUTIONS - A | 2.00% | Reduce -1.0% | 91,275 | $6.48M | $71.02 | No quote |
| 26 | GMLP | GOLAR LNG PARTNERS LP COM UNIT | 1.78% | Reduce -0.2% | 253,035 | $5.77M | No quote | No quote |
| 27 | NPSNY | NASPERS LTD SPON ADR SA | 1.51% | Add +0.8% | 86,668 | $4.91M | No quote | No quote |
| 28 | AZO | AUTOZONE INC COM | 1.48% | New | 6,774 | $4.82M | $711.40 | No quote |
| 29 | GME | GAMESTOP CORP NEW CL A | 1.40% | Reduce -0.7% | 252,808 | $4.54M | No quote | No quote |
| 30 | ESRX | EXPRESS SCRIPTS HLDG COM | 1.39% | Reduce -1.3% | 60,439 | $4.51M | No quote | No quote |
| 31 | GLOP | GASLOG PARTNERS LP UNIT LTD PT | 1.07% | Reduce -0.1% | 140,035 | $3.47M | No quote | No quote |
| 32 | NLY | Annaly Capital Management | 0.84% | Add +0.9% | 228,858 | $2.72M | No quote | No quote |
| 33 | PKW | POWERSHARES BUYBACK ACHIEVERS | 0.55% | Reduce -0.6% | 30,335 | $1.79M | No quote | No quote |
| 34 | PFE | Pfizer Inc | 0.31% | - | 27,494 | $996K | $36.23 | No quote |
| 35 | DSXPRB | DIANA SHIPPING INC PERP PFD SE | 0.22% | Reduce -9.6% | 28,400 | $705K | No quote | No quote |
| 36 | BWP | BOARDWALK PIPELIN PTNR UT LTD | 0.21% | Reduce -3.7% | 52,200 | $674K | No quote | No quote |
| 37 | BIVV | BIOVERATIV INC | 0.18% | Reduce -0.1% | 11,127 | $600K | No quote | No quote |
| 38 | RUSHB | Rush Enterprises CLB | 0.17% | Reduce -25.7% | 11,666 | $562K | $48.17 | No quote |
| 39 | GLNG | GOLAR LNG LTD | 0.15% | Reduce -9.2% | 15,900 | $474K | $29.81 | No quote |
| 40 | EPD | ENTERPRISE PRODUCTS PARTNERS | 0.14% | New | 16,700 | $443K | $26.53 | No quote |
| 41 | CTRA | CABOT OIL & GAS CORP | 0.13% | Reduce -3.3% | 15,000 | $429K | $28.60 | No quote |
| 42 | TPH | TRI POINTE GROUP INC COM | 0.11% | - | 20,800 | $373K | $17.93 | No quote |
| 43 | MS | Morgan Stanley | 0.09% | Reduce -10.8% | 5,805 | $305K | $52.54 | No quote |
| 44 | AB | ALLIANCEBERNSTEIN HLDG UNIT LT | 0.09% | Reduce -7.5% | 11,150 | $279K | No quote | No quote |
| 45 | SAVE | SPIRIT AIRLS INC COM | 0.08% | Reduce -12.8% | 6,135 | $275K | No quote | No quote |
| 46 | DCH | AMERICAN AXLE & MFG COM | 0.08% | Reduce -5.5% | 15,400 | $262K | $17.01 | No quote |
| 47 | AMP | AMERIPRISE FINANCIAL INC | 0.08% | Reduce -6.3% | 1,500 | $254K | $169.33 | No quote |
| 48 | MGNX | MACROGENICS INC COM | 0.06% | Reduce -17.5% | 10,515 | $200K | No quote | No quote |
| 49 | EGO | ELDORADO GOLD CORP NEW COM | 0.03% | Reduce -9.5% | 70,000 | $100K | $1.43 | No quote |
| 50 | AFMD | AFFIMED NV | 0.02% | Reduce -2.5% | 61,000 | $79K | No quote | No quote |
| 51 | TEVA | TEVA PHARMACEUTCL INDS ADR | 0.00% | - | 700 | $13K | $18.57 | No quote |
| 54 | LYB | LYONDELLBASELL INDUSTR SHS - A | - | Sold | 0 | $0 | No quote | No quote |
| 53 | ETP | ENERGY TRANSFER PARTNERS LP | - | Sold | 0 | $0 | No quote | No quote |
| 52 | DLNG | DYNAGAS LNG PARTNERS L COM UNI | - | 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 | GILD | GILEAD SCIENCES INC COMCOM | CALL | Reduce -3.5% | 24,700 | $1.77M |
| 2 | F | Ford Motor CompanyCOM | PUT | - | 110,000 | $1.37M |
| 3 | ALLY | ALLY FINACIAL INCCOM | PUT | - | 46,800 | $1.37M |
| 4 | GGP | GENERAL GROWTH PROPERTIESCOM | PUT | - | 47,500 | $1.11M |
| 5 | TSLA | TESLA MOTORS INCCOM | PUT | - | 3,000 | $934K |
| 6 | CNQ | CANADIAN NAT RES LTD COMCOM | PUT | - | 25,000 | $893K |
| 7 | BAC | Bank of America CorpCOM | CALL | Reduce -5.7% | 28,300 | $835K |
| 8 | PAA | PLAINS ALL AMERN PIPEL UNIT LTMLP | PUT | - | 26,000 | $537K |
| 9 | NAVI | NAVIENT CORP COMCOM | PUT | - | 39,000 | $519K |
| 10 | LEN | LENNAR CORP CL ACOM | CALL | - | 8,100 | $512K |
| 11 | HCP | HCP INC COMCOM | PUT | - | 18,000 | $469K |
| 12 | WMB | Williams Cos. Inc.COM | PUT | - | 15,000 | $457K |
| 13 | VIAB | VIACOM INC-CLASS BCOM | PUT | - | 14,000 | $431K |
| 14 | GM | General Motors Co.COM | PUT | New | 9,300 | $381K |
| 15 | S | SPRINT NEXTEL CORPCOM | PUT | - | 57,000 | $336K |
| 16 | GLNG | GOLAR LNG LTDCOM | CALL | - | 11,000 | $328K |
| 17 | AKS | AK Steel Holding CorpCOM | PUT | - | 57,000 | $323K |
| 18 | CELG | CELGENE CORP COMCOM | CALL | - | 3,000 | $313K |
| 20 | TEVA | TEVA PHARMACEUTCL INDS ADRCOM | CALL | - | 13,000 | $246K |
| 19 | GM | General Motors Co.COM | CALL | Reduce -6.3% | 6,000 | $246K |
| 21 | CSCO | Cisco Systems IncCOM | CALL | - | 6,000 | $230K |
| 22 | WFT | WEATHERFORD INTL PLC ORD SHSCOM | CALL | Reduce -3.4% | 43,000 | $179K |
| 26 | SPY | SPDR TR Series 1ETF | PUT | Sold | 0 | $0 |
| 25 | JCP | PENNEY J C INC COMCOM | PUT | Sold | 0 | $0 |
| 24 | BIIB | BIOGEN IDEC INC COMCOM | CALL | Sold | 0 | $0 |
| 23 | AVP | Avon Products, Inc.COM | PUT | Sold | 0 | $0 |