Muhlenkamp & Co. Inc.
Muhlenkamp & Co Inc is an independent investment advisory and fund management firm headquartered in Wexford, Pennsylvania. Founded by Ronald H. Muhlenkamp in 1978, the firm manages the Muhlenkamp Fund and provides professional investment management services focused on maximizing total after-tax returns for its clients, primarily serving individual and institutional investors. The firm is known for its disciplined, valuation-driven investment approach. Employee count is fewer than 25.
Investment Strategy
Muhlenkamp & Co Inc seeks to maximize total after-tax returns through capital appreciation and income from dividends and interest, consistent with reasonable risk. The investment strategy focuses on investing in undervalued assets identified via a bottom-up process emphasizing return on equity and fundamental valuation. Positions may include equities of U.S. companies the firm believes are materially undervalued by the market, and bonds as appropriate. The firm adheres to a disciplined approach, seeking opportunities independently of prevailing market fads, and emphasizes risk reduction through protecting purchasing power over the long term rather than just short-term price volatility.
Top Holdings
Equity Positions (26)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E EQT | EQT CORP | 8.21% | $26.3M | 451,015 | $41.13 | $58.32 | +$2.3M |
M MCK | MCKESSON CORP | 6.19% | $19.8M | 27,084 | $428.30 | $732.78 | -$6.1M |
N NMIH | NMI HLDGS INC | 6.13% | $19.7M | 465,854 | $26.02 | $42.19 | +$3.0M |
R RUSHA | RUSH ENTERPRISES INC | 6.01% | $19.3M | 373,783 | $40.88 | $51.51 | -$587.2K |
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 5.81% | $18.6M | 38,351 | $342.75 | $485.77 | -$1.7M |