SEC 13F Intelligence

Managers / Q1 2026

MUHLENKAMP & CO INC

CIK 0001133219 · 5000 STONEWOOD DRIVE, STE. 300, WEXFORD, PA, 15090 · 7249355520

Reported Value
$380M
Q1 2026
Positions
29
Filings on Record
27
2019–present window
Filed
May 6, 2026
original filing

Summary

Muhlenkamp & Co Inc reported $380M in U.S.-listed holdings across 29 positions for Q1 2026.

Its largest position, AEM, represents 7.4% of the portfolio.

Compared with Q4 2025, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Top-10 Concentration
+56.1%
share of reported value
Largest Position
+7.4%
Agnico Eagle Mines
New / Exited
2 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $211MQ1 ’19Q2 ’19: $206MQ3 ’19: $205MQ4 ’19: $229MQ4 ’19Q2 ’20: $187MQ3 ’20: $193MQ4 ’20: $248MQ4 ’20Q2 ’21: $273MQ4 ’21: $260MQ1 ’22: $287MQ1 ’22Q2 ’22: $214MQ3 ’22: $224MQ4 ’22: $236MQ4 ’22Q2 ’23: $282MQ4 ’23: $306MQ1 ’24: $344MQ1 ’24Q2 ’24: $320MQ3 ’24: $326MQ4 ’24: $329MQ4 ’24Q1 ’25: $306MQ2 ’25: $320MQ3 ’25: $368MQ3 ’25Q4 ’25: $372MQ1 ’26: $380Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.9%ETP: 8.0%Other: 5.9%MLP: 0.2%
  • Common Stock · 85.9% · $326M
  • ETP · 8.0% · $30M
  • Other · 5.9% · $22M
  • MLP · 0.2% · $940,513

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EA SERIES TRUSTNEW+236.8K236.8K+$13M$13M
EXMOCEXXON MOBIL CORPNEW+1.6K1.6K+$278,242$278,242
GTLSCHART INDS INCSOLD OUT−7.9K0−$2M$0
MTZMASTEC INCTRIMMED−62.9K42.8K−$9M$14M
NMIHNMI HLDGS INCTRIMMED−101.6K366.2K−$5M$14M
NEMNEWMONT CORPTRIMMED−53.3K231.2K−$3M$25M
BGCBGC GROUP INCTRIMMED−315.3K1.44M−$2M$14M
ALPS ETF TRTRIMMED−25.7K150.6K−$361,299$8M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AEMAGNICO EAGLE MINES LTDhistory →COM7.41%$28M138.6K
2EQTEQT CORPhistory →COM6.72%$26M401.2K
3NEMNEWMONT CORPhistory →COM6.59%$25M231.2K
4MCKMCKESSON CORPhistory →COM6.19%$24M27.2K
5RUSHARUSH ENTERPRISES INCCL A · CL B5.94%$23M341.4K
6RGLDROYAL GOLD INChistory →COM5.89%$22M87.9K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.84%$18M38.4K
8SLBSLB LIMITEDhistory →COM STK4.36%$17M322.2K
9AAPLAPPLE INChistory →COM4.18%$16M62.6K
10WABWABTEChistory →COM4.16%$16M63.2K
11LYONDELLBASELL INDUSTRIES NVSHS - A -3.97%$15M187.2K
12BGCBGC GROUP INChistory →CL A3.72%$14M1.44M
13CECELANESE CORP DELhistory →COM3.65%$14M210.8K
14MTZMASTEC INChistory →COM3.63%$14M42.8K
15NMIHNMI HLDGS INChistory →COM3.62%$14M366.2K
16MCHPMICROCHIP TECHNOLOGY INC.history →COM3.45%$13M203.0K
17EA SERIES TRUSTFREEDOM 100 EM3.41%$13M236.8K
18MSFTMICROSOFT CORPhistory →COM3.21%$12M32.9K
19URIUNITED RENTALS INChistory →COM2.99%$11M15.6K
20GQ9SPDR GOLD TRhistory →GOLD SHS2.50%$10M22.1K
21TMHCTAYLOR MORRISON HOME CORPhistory →COM2.43%$9M158.6K
22ALPS ETF TRALERIAN MLP2.09%$8M150.6K
23EQXEQUINOX GOLD CORPhistory →COM1.98%$8M519.2K
24ICON PLCSHS1.92%$7M66.0K
25TRVTRAVELERS COMPANIES INCCOM0.51%$2M6.6K
26GEVGE VERNOVA INCCOM0.33%$1M1.4K
27EPDENTERPRISE PRODS PARTNERS LCOM0.25%$940,51324.9K
28EXMOCEXXON MOBIL CORPCOM0.07%$278,2421.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$380M29May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$372M28Feb 4, 202613F-HRchanges · EDGAR ↗
Q3 2025$368M31Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$320M26Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$306M26May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$329M30Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$326M28Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$320M29Jul 17, 202413F-HRchanges · EDGAR ↗
Q1 2024$344M29Apr 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$306M29Jan 8, 202413F-HRchanges · EDGAR ↗
Q2 2023$282M31Jul 14, 202313F-HRchanges · EDGAR ↗
Q4 2022$236M27Jan 31, 202313F-HRchanges · EDGAR ↗
Q3 2022$224M27Nov 1, 202213F-HRchanges · EDGAR ↗
Q2 2022$214M28Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$287M36Apr 1, 202213F-HRchanges · EDGAR ↗
Q4 2021$260M32Dec 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$273M33Aug 18, 202113F-HRchanges · EDGAR ↗
Q4 2020$248M37Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$193M33Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$187M31Aug 20, 202013F-HRchanges · EDGAR ↗
Q4 2019$229M37Feb 20, 202013F-HRchanges · EDGAR ↗
Q3 2019$205M34Nov 27, 201913F-HRchanges · EDGAR ↗
Q2 2019$206M33Aug 28, 201913F-HRchanges · EDGAR ↗
Q1 2019$211M32May 23, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.