MUHLENKAMP & CO INC Concentrated Active

CIK: 0001133219 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 4, 2026

Total Value ($000): $371,820 (100.0% shares, 0.0% debt)

Holdings (28)

Increased Positions (2)

CE CELANESE CORP DEL 2.4%

Value ($000) $8,854 (+14.1%) Shares 209,403 (+13.5%) Est. Cost $48.69 Unrealized -16.2%

MSFT MICROSOFT CORP 4.3%

Value ($000) $15,962 (-4.7%) Shares 33,005 (+2.0%) Est. Cost $53.33 Unrealized +838.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CE	CELANESE CORP DEL	209,403 (+13.5%)	$8,854 (+14.1%)	2.4%	$48.69	-16.2%	COM	150870103
MSFT	MICROSOFT CORP	33,005 (+2.0%)	$15,962 (-4.7%)	4.3%	$53.33	+838.6%	COM	594918104

Exited Positions (3)

JD JD.COM INC 1.7%

Value ($000) $6,346 Shares 181,412 Est. Cost $38.05 Unrealized —

RCL ROYAL CARIBBEAN GROUP 0.2%

Value ($000) $864 Shares 2,671 Est. Cost $332.02 Unrealized -15.2%

FCF FIRST COMWLTH FINL CORP PA 0.0%

Value ($000) $173 Shares 10,154 Est. Cost $16.74 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JD	JD.COM INC	181,412	$6,346	1.7%	$38.05	—	—	47215P106
RCL	ROYAL CARIBBEAN GROUP	2,671	$864	0.2%	$332.02	-15.2%	—	V7780T103
FCF	FIRST COMWLTH FINL CORP PA	10,154	$173	0.0%	$16.74	-3.1%	—	319829107

Unchanged Positions (26)

NEM NEWMONT CORP 7.6%

Value ($000) $28,405 Shares 284,481 Est. Cost $35.03 Unrealized +157.5%

URI UNITED RENTALS INC 3.4%

Value ($000) $12,630 Shares 15,606 Est. Cost $453.40 Unrealized +91.2%

RGLD ROYAL GOLD INC 5.3%

Value ($000) $19,546 Shares 87,928 Est. Cost $111.87 Unrealized +77.3%

EQX EQUINOX GOLD CORP 2.0%

Value ($000) $7,273 Shares 518,022 Est. Cost $7.95 Unrealized +58.7%

SLB SLB LIMITED 3.3%

Value ($000) $12,360 Shares 322,031 Est. Cost $20.09 Unrealized +79.5%

MCK MCKESSON CORP 6.0%

Value ($000) $22,306 Shares 27,193 Est. Cost $152.91 Unrealized +433.4%

NMIH NMI HLDGS INC 5.1%

Value ($000) $19,081 Shares 467,789 Est. Cost $17.93 Unrealized +110.8%

AAPL APPLE INC 4.6%

Value ($000) $17,084 Shares 62,841 Est. Cost $78.28 Unrealized +242.8%

TMHC TAYLOR MORRISON HOME CORP 2.5%

Value ($000) $9,334 Shares 158,548 Est. Cost $45.08 Unrealized +35.6%

LYB LYONDELLBASELL INDUSTRIES N 2.2%

Value ($000) $8,046 Shares 185,821 Est. Cost $54.04 Unrealized -17.7%

GLD SPDR GOLD TR 2.4%

Value ($000) $8,838 Shares 22,301 Est. Cost $145.14 Unrealized —

WAB WABTEC 3.6%

Value ($000) $13,512 Shares 63,301 Est. Cost $74.09 Unrealized +177.1%

BGC BGC GROUP INC 4.2%

Value ($000) $15,710 Shares 1,759,280 Est. Cost $4.91 Unrealized +83.0%

ICLR ICON PLC 3.6%

Value ($000) $13,460 Shares 73,865 Est. Cost $167.36 Unrealized +6.4%

MTZ MASTEC INC 6.2%

Value ($000) $22,989 Shares 105,760 Est. Cost $41.76 Unrealized +402.6%

EQT EQT CORP 6.5%

Value ($000) $24,180 Shares 451,127 Est. Cost $19.65 Unrealized +185.6%

RUSHA RUSH ENTERPRISES INC 5.4%

Value ($000) $20,255 Shares 375,519 Est. Cost $25.18 Unrealized +106.4%

AEM AGNICO EAGLE MINES LTD 6.9%

Value ($000) $25,645 Shares 151,269 Est. Cost $81.14 Unrealized +106.9%

TRV TRAVELERS COMPANIES INC 0.5%

Value ($000) $1,922 Shares 6,627 Est. Cost $245.41 Unrealized +14.3%

GEV GE VERNOVA INC 0.3%

Value ($000) $932 Shares 1,426 Est. Cost $605.52 Unrealized +0.6%

GTLS CHART INDS INC 0.4%

Value ($000) $1,634 Shares 7,924 Est. Cost $190.05 Unrealized +6.6%

MCHP MICROCHIP TECHNOLOGY INC. 3.5%

Value ($000) $12,934 Shares 202,985 Est. Cost $52.01 Unrealized +18.0%

EPD ENTERPRISE PRODS PARTNERS L 0.2%

Value ($000) $797 Shares 24,855 Est. Cost $29.11 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 5.2%

Value ($000) $19,307 Shares 38,411 Est. Cost $206.04 Unrealized +141.5%

RUSHB RUSH ENTERPRISES INC 0.1%

Value ($000) $535 Shares 9,501 Est. Cost $27.06 Unrealized +101.5%

AMLP ALPS ETF TR 2.2%

Value ($000) $8,290 Shares 176,301 Est. Cost $25.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NEM	NEWMONT CORP	284,481	$28,405	7.6%	$35.03	+157.5%	COM	651639106
URI	UNITED RENTALS INC	15,606	$12,630	3.4%	$453.40	+91.2%	COM	911363109
RGLD	ROYAL GOLD INC	87,928	$19,546	5.3%	$111.87	+77.3%	COM	780287108
EQX	EQUINOX GOLD CORP	518,022	$7,273	2.0%	$7.95	+58.7%	COM	29446Y502
SLB	SLB LIMITED	322,031	$12,360	3.3%	$20.09	+79.5%	COM STK	806857108
MCK	MCKESSON CORP	27,193	$22,306	6.0%	$152.91	+433.4%	COM	58155Q103
NMIH	NMI HLDGS INC	467,789	$19,081	5.1%	$17.93	+110.8%	COM	629209305
AAPL	APPLE INC	62,841	$17,084	4.6%	$78.28	+242.8%	COM	037833100
TMHC	TAYLOR MORRISON HOME CORP	158,548	$9,334	2.5%	$45.08	+35.6%	COM	87724P106
LYB	LYONDELLBASELL INDUSTRIES N	185,821	$8,046	2.2%	$54.04	-17.7%	SHS - A -	N53745100
GLD	SPDR GOLD TR	22,301	$8,838	2.4%	$145.14	—	GOLD SHS	78463V107
WAB	WABTEC	63,301	$13,512	3.6%	$74.09	+177.1%	COM	929740108
BGC	BGC GROUP INC	1,759,280	$15,710	4.2%	$4.91	+83.0%	CL A	088929104
ICLR	ICON PLC	73,865	$13,460	3.6%	$167.36	+6.4%	SHS	G4705A100
MTZ	MASTEC INC	105,760	$22,989	6.2%	$41.76	+402.6%	COM	576323109
EQT	EQT CORP	451,127	$24,180	6.5%	$19.65	+185.6%	COM	26884L109
RUSHA	RUSH ENTERPRISES INC	375,519	$20,255	5.4%	$25.18	+106.4%	CL A	781846209
AEM	AGNICO EAGLE MINES LTD	151,269	$25,645	6.9%	$81.14	+106.9%	COM	008474108
TRV	TRAVELERS COMPANIES INC	6,627	$1,922	0.5%	$245.41	+14.3%	COM	89417E109
GEV	GE VERNOVA INC	1,426	$932	0.3%	$605.52	+0.6%	COM	36828A101
GTLS	CHART INDS INC	7,924	$1,634	0.4%	$190.05	+6.6%	COM	16115Q308
MCHP	MICROCHIP TECHNOLOGY INC.	202,985	$12,934	3.5%	$52.01	+18.0%	COM	595017104
EPD	ENTERPRISE PRODS PARTNERS L	24,855	$797	0.2%	$29.11	—	COM	293792107
BRK/B	BERKSHIRE HATHAWAY INC DEL	38,411	$19,307	5.2%	$206.04	+141.5%	CL B NEW	084670702
RUSHB	RUSH ENTERPRISES INC	9,501	$535	0.1%	$27.06	+101.5%	CL B	781846308
AMLP	ALPS ETF TR	176,301	$8,290	2.2%	$25.43	—	ALERIAN MLP	00162Q452