Muhlenkamp & Company

as of March 31, 1999

Portfolio Holdings for

holds 72 positions in its portfolio as reported in the March 1999 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
1234567890123456789012345678901 23456789012345678 99.8 $124B 12B 10.00
Conseco 0.0 $22M 705k 30.87
BE Aerospace 0.0 $8.8M 597k 14.75
Morgan Stanley (MS) 0.0 $9.6M 97k 99.94
Federal National Mortgage Association (FNMA) 0.0 $9.4M 135k 69.25
Merrill Lynch & Co. 0.0 $17M 188k 88.50
American Woodmark Corporation (AMWD) 0.0 $7.1M 226k 31.62
Applied Materials (AMAT) 0.0 $9.3M 150k 61.69
Ford Motor 0.0 $11M 189k 56.69
Mellon Bank 0.0 $12M 164k 70.37
AMR Corporation 0.0 $11M 183k 58.56
National R V Hldgs 0.0 $11M 478k 22.12
Calpine Corp 0.0 $13M 354k 36.44
Stanley Furniture 0.0 $9.9M 509k 19.50
Citigroup 0.0 $11M 168k 63.87
Southwest Sec 0.0 $9.3M 330k 28.25
Loews Corporation (L) 0.0 $1.0M 14k 74.60
Merck & Co 0.0 $965k 12k 80.11
American Intl Group 0.0 $594k 4.9k 120.61
General Electric Company 0.0 $365k 3.3k 110.61
Bristol Myers Squibb (BMY) 0.0 $885k 14k 64.13
Intel Corporation (INTC) 0.0 $5.5M 46k 118.88
Burlington Northern Santa Fe C 0.0 $5.4M 164k 32.88
Matthews International Corporation (MATW) 0.0 $548k 20k 27.40
A.g. Edwards 0.0 $2.2M 67k 32.69
AGCO Corporation (AGCO) 0.0 $1.2M 187k 6.56
Lockheed Martin Corporation (LMT) 0.0 $2.2M 58k 37.75
Deere & Company (DE) 0.0 $251k 6.5k 38.62
International Business Machines (IBM) 0.0 $1.0M 5.9k 177.29
Computer Associates Intl 0.0 $5.9M 165k 35.56
Philip Morris Cos. 0.0 $3.4M 97k 35.18
Fidelity National Financial In 0.0 $4.4M 296k 15.00
Long Beach Finl Corp 0.0 $1.8M 190k 9.63
IDEX Corporation (IEX) 0.0 $2.2M 96k 23.56
Gra (GGG) 0.0 $3.4M 152k 22.06
NVR (NVR) 0.0 $2.2M 52k 42.13
National City Corp. 0.0 $1.9M 29k 66.38
Chase Manhattan - 0.0 $3.1M 38k 81.38
Air Express Internat'l Corp. 0.0 $1.7M 112k 15.12
Griffon Corporation (GFF) 0.0 $1.9M 282k 6.88
Texas Industries 0.0 $2.6M 106k 24.81
Alaska Air (ALK) 0.0 $5.7M 120k 47.50
Superior Industries International (SSUP) 0.0 $1.6M 70k 23.25
Monaco Coach Corporation 0.0 $796k 35k 23.07
Jlg Industries 0.0 $2.6M 193k 13.63
D&k Healthcare 0.0 $433k 18k 24.74
Omni Energy Services 0.0 $865k 215k 4.03
Crossmann Communities 0.0 $6.0M 299k 19.94
Scios 0.0 $1.3M 142k 9.06
Vanguard Windsor Fund Ii mut (VWNFX) 0.0 $128k 8.4k 15.27
Dana Corp 0.0 $597k 16k 38.03
Global Marine 0.0 $915k 78k 11.75
Iomega Corp. 0.0 $51k 10k 5.10
Federated Income Tr mut 0.0 $110k 11k 10.33
Southdown 0.0 $4.9M 92k 53.68
N & B Partners Neuberger mut (NPRTX) 0.0 $110k 12k 8.86
Piercing Pagoda 0.0 $103k 12k 8.96
Rti International Metals 0.0 $3.7M 368k 10.00
Reliance Group Holdings 0.0 $3.8M 492k 7.69
Commercial Intertech 0.0 $2.8M 250k 11.12
Pimco Total Return Administrat mut (PTRAX) 0.0 $324k 22k 14.66
Frontier Insurance 0.0 $2.3M 192k 11.87
D Allegheny Teledyne 0.0 $793k 42k 18.95
D Armstrong World 0.0 $818k 18k 45.19
D Autonation Corp. 0.0 $184k 15k 12.27
D Coach Usa 0.0 $5.1M 185k 27.50
D Helix 0.0 $477k 31k 15.39
D Vesta 0.0 $305k 60k 5.13
D Winsloew Furniture 0.0 $5.8M 195k 29.81
D Spartan Money Market mut 0.0 $229k 95k 2.41
D Spartan Short Term Bond Fd mut 0.0 $95k 14k 6.70
D Wasatch Micro-cap Fund mut (WMICX) 0.0 $255k 18k 14.45