MUHLENKAMP & CO INC

RIA/Wealth

MUHLENKAMP & CO INC is a RIA/Wealth based in Wexford, PA led by Anthony William Muhlenkamp, reporting $412.0M in AUM as of Q3 2025 with 57% concentrated in top 10 holdings.

PresidentAnthony William Muhlenkamp

Portfolio Value: $367.9M
Positions: 31
Top Holding: AEM at 6.93%
Last Reported: Q3 2025

Address5000 Stonewood Drive, Suite 300, Wexford, PA, 15090-8395, United States

Top Holdings

Largest long holdings in MUHLENKAMP & CO INC's portfolio (56.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Agnico Eagle Mines AEM	Gold Basic Materials	$25.5M	6.93%	+$4.0K Bought	0.03% 151.3K shares	Q4 2024 Held for 11 months
2 EQT Corporation EQT	Oil & Gas Exploration & Production Energy	$24.5M	6.67%	-$2.8K Sold	0.07% 451.0K shares	Q2 2023 Held for 2y 5m
3 Newmont NEM	Gold Basic Materials	$23.9M	6.51%	+$7.0K Bought	0.03% 283.9K shares	Q4 2023 Held for 1y 11m
4 MasTec MTZ	Engineering & Construction Industrials	$22.5M	6.12%	-$63.4K Sold	0.13% 105.8K shares	Q2 2023 Held for 2y 5m
5 McKesson MCK	Medical - Distribution Healthcare	$20.9M	5.69%	+$18.5K Bought	0.02% 27.1K shares	Q2 2023 Held for 2y 5m
6 Rush Enterprises RUSHA	Auto - Dealerships Consumer Cyclical	$20.0M	5.44%	+$14.3K Bought	0.48% 374.1K shares	Q2 2023 Held for 2y 5m
7 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$19.3M	5.24%	+$14.6K Bought	0.00% 38.4K shares	Q2 2023 Held for 2y 5m
8 NMI Holdings Inc. NMIH	Insurance - Specialty Financial Services	$17.9M	4.86%	+$18.9K Bought	0.60% 466.3K shares	Q2 2023 Held for 2y 5m
9 Royal Gold RGLD	Gold Basic Materials	$17.6M	4.78%	+$11.8K Bought	0.13% 87.6K shares	Q2 2023 Held for 2y 5m
10 Microsoft MSFT	Software - Infrastructure Technology	$16.8M	4.55%	+$18.6K Bought	0.00% 32.3K shares	Q2 2023 Held for 2y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MUHLENKAMP & CO INC's latest filing

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Market Value

$367.9M

Prior: $320.5M

Q/Q Change

+14.79%

+$47.4M

Net Flows % of MV

+3.82%

Turnover Ratio

5.77%

New Purchases

6 stocks

$22.1M

Added To

16 stocks

+$1.6M

Sold Out Of

2 stocks

$8.8M

Reduced Holdings

6 stocks

-$885.2K

Increased Positions

Position	Shares Δ	Change
1 Icon ICLR	New	0 → 73.5K +$12.9M
2 Equinox Gold EQX	New	0 → 514.3K +$5.8M
3 Chart Industries GTLS	New	0 → 7.9K +$1.6M
4 General Electric GEV	New	0 → 1.4K +$876.8K
5 Royal Caribbean Group RCL	New	0 → 2.7K +$864.3K

Decreased Positions

Position	Shares Δ	Change
1 Dow DOW	Sold	229.1K → 0 −$6.1M
2 Transocean RIG	Sold	1.1M → 0 −$2.7M
3 JD JD.com JD	-11.03%	203.9K → 181.4K −$786.5K
4 The Travelers Companies TRV	-0.32%	6.6K → 6.6K −$5.9K
5 GLD SPDR Gold Trust GLD	-0.29%	22.3K → 22.2K −$22.8K

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Analytics

Portfolio insights and performance metrics for MUHLENKAMP & CO INC

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Sector Allocation

Basic Materials

24.30%

Financial Services

15.20%

Industrials

14.00%

Technology

12.40%

Energy

9.90%

Healthcare

9.20%

Consumer Cyclical

8.60%

ETF

2.30%

Utilities

0.20%

Market Cap Distribution

Mega Cap (> $200B)

14.14%

Large Cap ($10B - $200B)

57.81%

Mid Cap ($2B - $10B)

21.88%

Small Cap ($300M - $2B)

0.05%

N/A (ETF or Unknown)

6.13%

Portfolio Concentration

Top 10 Holdings %

56.79%

Top 20 Holdings %

90.63%

Top 50 Holdings %

100.0%

Top 100 Holdings %