Muhlenkamp & Company

as of Sept. 30, 2000

Portfolio Holdings for

holds 70 positions in its portfolio as reported in the September 2000 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Calpine Corp 6.4 $21M 205k 104.37
Merrill Lynch & Co. 6.0 $20M 300k 66.00
Morgan Stanley (MS) 5.0 $17M 182k 91.44
Citigroup 4.9 $16M 303k 54.06
Coastal Corp. 4.7 $16M 210k 74.12
Southwest Sec 4.1 $14M 467k 29.25
Stanley Furniture 3.6 $12M 493k 24.25
Conoco Inc Cl A 3.5 $12M 442k 26.13
Mellon Financial Corp. 3.2 $11M 231k 46.38
Salton 3.2 $11M 329k 32.31
Fidelity National Financial In 2.9 $9.6M 389k 24.75
Ford Motor Company (F) 2.8 $9.4M 370k 25.31
Texas Industries 2.8 $9.2M 287k 31.88
Applied Materials (AMAT) 2.7 $9.1M 153k 59.31
Federal National Mortgage Association (FNMA) 2.7 $9.0M 126k 71.50
Arkansas Best Corporation 2.4 $8.1M 525k 15.38
Superior Industries International (SUP) 2.4 $8.1M 270k 30.00
Conseco 2.2 $7.4M 972k 7.63
BE Aerospace 2.1 $7.0M 434k 16.12
Visteon Corp 2.0 $6.8M 450k 15.13
Southdown 1.9 $6.2M 88k 71.25
NVR (NVR) 1.7 $5.6M 69k 81.00
American Woodmark Corporation (AMWD) 1.6 $5.2M 262k 19.75
Intel Corporation (INTC) 1.4 $4.7M 113k 41.56
Atmi 1.4 $4.7M 199k 23.37
National R V Hldgs 1.3 $4.4M 437k 10.06
Gra (GGG) 1.3 $4.3M 132k 32.25
Citrix Systems 1.2 $4.1M 202k 20.06
RTI International Metals 1.2 $3.9M 273k 14.44
Orthodontic Centers Of America 1.2 $3.9M 116k 33.32
Computer Associates Intl 1.1 $3.8M 150k 25.19
Centex Corp 1.1 $3.6M 113k 32.13
Masco Corporation (MAS) 1.0 $3.4M 185k 18.62
Anadarko Petroleum Corporation 0.9 $3.0M 46k 66.46
Jlg Industries 0.8 $2.6M 215k 12.19
MasTec (MTZ) 0.8 $2.6M 83k 31.24
Dal-tile International 0.8 $2.6M 205k 12.50
Beazer Homes USA 0.7 $2.5M 90k 27.25
Countrywide Financial Corp 0.7 $2.5M 65k 37.74
Chase Manhattan - 0.7 $2.4M 52k 46.19
Washington Mutual 0.6 $2.1M 53k 39.80
IDEX Corporation (IEX) 0.6 $2.1M 75k 27.94
A.g. Edwards 0.5 $1.5M 29k 52.32
Crossmann Communities 0.5 $1.5M 76k 19.75
Meritage Homes Corporation (MTH) 0.4 $1.4M 78k 18.24
Houston Exploration 0.4 $1.4M 54k 25.25
Scios 0.4 $1.2M 120k 10.38
D&k Healthcare 0.3 $1.1M 95k 12.07
Philip Morris Cos. 0.3 $1.1M 37k 29.43
Dana Corp 0.3 $955k 44k 21.51
Winnebago Industries (WGO) 0.3 $884k 71k 12.50
Merck & Co 0.3 $874k 12k 74.41
Monaco Coach Corporation 0.2 $835k 51k 16.50
Global Marine 0.2 $840k 27k 30.88
International Business Machines (IBM) 0.2 $757k 6.7k 112.45
Allegheny Technologies Incorporated (ATI) 0.2 $736k 41k 18.13
iGATE Corporation 0.2 $646k 120k 5.38
Del Webb Corp 0.2 $624k 23k 27.73
Federated Max-cap #39 mut 0.2 $615k 21k 29.23
Parker-Hannifin Corporation (PH) 0.2 $551k 16k 33.76
Readers Digest Assoc. 0.2 $576k 16k 35.34
General Electric Company 0.2 $531k 9.2k 57.71
AMR Corporation 0.1 $458k 14k 32.71
N & B Partners Neuberger mut (NPRTX) 0.1 $342k 14k 24.04
Vanguard Windsor Fund Ii mut (VWNFX) 0.1 $259k 9.6k 27.12
Marsico Growth & Income mut 0.1 $244k 12k 20.85
Ocean Energy 0.1 $201k 13k 15.46
Omni Energy Services 0.1 $162k 186k 0.87
Federated Income Tr mut 0.0 $107k 11k 10.05
Iomega Corp. 0.0 $50k 10k 5.00