MUHLENKAMP & CO INC

CIK 1133219 · View on SEC EDGAR ↗

Portfolio value
$345.3M
#4,766 of 9,443 by 13F value · top 50.5%
Positions
28
As of
June 30, 2026

Portfolio value QoQ: -9.1% 13F does not disclose cash

Top 10 holdings weight
58.04%
Top 25 holdings weight
99.53%
Positions above 1%
22
Effective number of positions
20.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.38% Est. buys $1,377,719 · sells $26,938,072

Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 66.7% still held

New positions
1
Increased
16
Decreased
6
Closed
2
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+35.7%
S&P 500 total return (same window)
+28.1%
Excess return
+7.6%

Annualized: +22.6% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 87.7% · Options excluded: 0.0%

Sector breakdown

Materials
23.3%
Industrials
17.8%
Technology
14.1%
Energy
10.9%
Health Care
9.3%
Financial Services
8.9%
Consumer products
3.3%
Financials
0.6%
Other/Unmapped
11.9%

Full portfolio 28 positions

Type Streak 8Q trend
RUSHA Rush Enterprises, Inc. - Class A Common Stock $24,255,251 7.03% 332,332 $2,313,011 Up ×1
NEM Newmont Corporation $21,583,806 6.25% 231,090 $-3,441,646 Down ×2
AEM Agnico Eagle Mines Limited Common Stock $21,488,763 6.22% 138,521 $-6,641,829 Down ×3
EQT EQT Corporation Common Stock $21,387,260 6.19% 402,243 $-4,147,781 Up ×1
MCK McKesson Corporation Common Stock $20,553,831 5.95% 27,202 $-2,957,135 Up ×1
BRKB $19,262,513 5.58% 38,495 $884,714 Up ×1
MCHP Microchip Technology Incorporated - Common Stock $18,526,277 5.37% 203,139 $5,411,416 Up ×1
AAPL Apple Inc. - Common Stock $17,976,490 5.21% 62,125 $2,099,641 Down ×2
URI United Rentals, Inc. Common Stock $17,755,785 5.14% 15,673 $6,388,063 Up ×1
RGLD Royal Gold, Inc. - Common Stock $17,583,246 5.09% 88,088 $-4,784,389 Up ×1
WAB Westinghouse Air Brake Technologies Corporation Common Stock $17,026,858 4.93% 63,156 $1,243,792 Up ×1
BGC BGC Group, Inc. - Class A Common Stock $15,469,178 4.48% 1,447,070 $1,347,435 Up ×1
NMIH NMI Holdings Inc - Common Stock $15,144,048 4.39% 368,558 $1,407,173 Up ×1
SLB SLB Limited Common Shares $15,057,088 4.36% 323,878 $-1,499,280 Up ×5
MSFT Microsoft Corporation - Common Stock $12,226,206 3.54% 32,776 $33,911 Down ×2
ICLR ICON plc - Ordinary Shares $11,523,400 3.34% 66,337 $4,219,287 Up ×1
TMHC Taylor Morrison Home Corporation Common Stock $11,379,758 3.30% 158,625 $2,142,545 Up ×5
LYB LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) $9,893,988 2.87% 187,920 $-5,183,541 Up ×3
CE Celanese Corporation Common Stock $9,751,862 2.82% 211,997 $-4,112,454 Up ×4
GLD $8,129,410 2.35% 22,068 $-1,372,684 Down ×2
AMLP $7,809,388 2.26% 150,615 $-118,986
EQX $5,076,280 1.47% 522,251 $-2,431,627 Up ×3
TRV The Travelers Companies, Inc. Common Stock $2,187,705 0.63% 6,627 $254,742
GEV GE Vernova Inc. Common Stock $1,675,350 0.49% 1,426 $430,595
EPD Enterprise Products Partners L.P. Common Stock $913,670 0.26% 24,855 $-26,843
RUSHB Rush Enterprises, Inc. - Class B Common Stock $718,565 0.21% 9,393 $110,200 Down ×2
SLV $671,049 0.19% 12,550 Up ×1
XOM Exxon Mobil Corporation Common Stock $224,221 0.06% 1,640 $-54,021

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
SLB $15,057,088 4.36% up ×5
TMHC $11,379,758 3.30% up ×5
LYB $9,893,988 2.87% up ×3
CE $9,751,862 2.82% up ×4
EQX $5,076,280 1.47% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
SLV $671,049 12,550 0.19%

Top movers (QoQ)

Security Action Shares Δ Value Δ
AEM Trimmed -67 -$6.6M
URI Bought more +70 +$6.4M
MCHP Bought more +154 +$5.4M
LYB Bought more +761 -$5.2M
RGLD Bought more +196 -$4.8M
ICLR Bought more +332 +$4.2M
EQT Bought more +1K -$4.1M
CE Bought more +1K -$4.1M
NEM Trimmed -92 -$3.4M
MCK Bought more +33 -$3.0M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
MTZ June 30, 2026 42,832 $13,780,768 -35.2%
UNH June 30, 2025 25,045 $13,117,177 25.8%
FRDM June 30, 2026 236,825 $12,942,486 No longer tracked
TGNA March 31, 2025 691,332 $12,644,469 No longer tracked
OXY March 31, 2025 237,967 $11,757,951 25.3%
PHM March 31, 2025 98,071 $10,679,925 24.8%
KEX March 31, 2025 73,011 $7,724,604 37.7%
JD Dec. 31, 2025 181,412 $6,345,785 1.6%
DOW Sept. 30, 2025 229,069 $6,065,738 42.5%
RIG Sept. 30, 2025 1,058,760 $2,742,187 92.6%
GTLS March 31, 2026 7,924 $1,634,167 No longer tracked
RCL Dec. 31, 2025 2,671 $864,282 5.7%
IBIT March 31, 2025 14,010 $743,231
FCF Dec. 31, 2025 10,154 $173,126 24.6%