# MUHLENKAMP & CO INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1133219. Source: https://holderbook.com/funds/1133219-muhlenkamp-co-inc/

- Reported value: $345.3M
- Positions: 28
- Weight of the ten largest: 58.0%
- Filed: 2026-08-18

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| RUSH ENTERPRISES INC | [RUSHA](https://holderbook.com/stocks/RUSHA/) | $24.3M | 332,332 | 7.0% | 28 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $21.6M | 231,090 | 6.3% | 11 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $21.5M | 138,521 | 6.2% | 7 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $21.4M | 402,243 | 6.2% | 18 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $20.6M | 27,202 | 6.0% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $19.3M | 38,495 | 5.6% | 26 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $18.5M | 203,139 | 5.4% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $18.0M | 62,125 | 5.2% | 28 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $17.8M | 15,673 | 5.1% | 12 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $17.6M | 88,088 | 5.1% | 22 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $17.0M | 63,156 | 4.9% | 28 |
| BGC GROUP INC | [BGC](https://holderbook.com/stocks/BGC/) | $15.5M | 1,447,070 | 4.5% | 12 |
| NMI HLDGS INC | [NMIH](https://holderbook.com/stocks/NMIH/) | $15.1M | 368,558 | 4.4% | 24 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $15.1M | 323,878 | 4.4% | 22 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $12.2M | 32,776 | 3.5% | 28 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $11.5M | 66,337 | 3.3% | 4 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $11.4M | 158,625 | 3.3% | 13 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $9.9M | 187,920 | 2.9% | 4 |
| CELANESE CORP DEL | [CE](https://holderbook.com/stocks/CE/) | $9.8M | 211,997 | 2.8% | 5 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $8.1M | 22,068 | 2.4% | 28 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $7.8M | 150,615 | 2.3% | 24 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $5.1M | 522,251 | 1.5% | 4 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $2.2M | 6,627 | 0.6% | 6 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.7M | 1,426 | 0.5% | 4 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $913.7K | 24,855 | 0.3% | 28 |
| RUSH ENTERPRISES INC | [RUSHB](https://holderbook.com/stocks/RUSHB/) | $718.6K | 9,393 | 0.2% | 23 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $671.0K | 12,550 | 0.2% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $224.2K | 1,640 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -0.2% | +14.8% | -15.0% | 100% |
| Q1 2026 | +10.8% | -4.6% | +15.4% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 100% |
| Q2 2025 | +4.9% | +10.5% | -5.6% | 100% |
| Q1 2025 | +3.9% | -4.6% | +8.5% | 100% |
| Q4 2024 | -3.9% | +2.1% | -6.0% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $345.3M | 28 |
| Q1 2026 | $379.8M | 29 |
| Q4 2025 | $371.8M | 28 |
| Q3 2025 | $367.9M | 31 |
| Q2 2025 | $320.5M | 26 |
| Q1 2025 | $305.6M | 26 |
| Q4 2024 | $329.5M | 30 |
| Q3 2024 | $326.3M | 28 |
| Q2 2024 | $320.4M | 29 |
| Q1 2024 | $344.3M | 29 |
| Q4 2023 | $305.7M | 29 |
| Q3 2023 | $289.8M | 31 |