Muhlenkamp & Company

Muhlenkamp & Company as of Sept. 30, 2005

Portfolio Holdings for Muhlenkamp & Company

Muhlenkamp & Company holds 85 positions in its portfolio as reported in the September 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Cemex SAB de CV (CX) 4.2 $137M 2.6M 52.30
Centex Corp 4.0 $130M 2.0M 64.58
Allstate Corporation (ALL) 3.8 $126M 2.3M 55.29
Capital One Financial (COF) 3.7 $122M 1.5M 79.52
NVR (NVR) 3.6 $117M 132k 884.95
Countrywide Financial Corp 3.5 $113M 3.4M 32.98
UnitedHealth (UNH) 3.3 $109M 1.9M 56.20
Nabors Industries 3.3 $109M 1.5M 71.83
Patterson-UTI Energy (PTEN) 3.2 $106M 2.9M 36.08
American Intl Group 3.2 $105M 1.7M 61.96
Citi 3.2 $104M 2.3M 45.52
ConocoPhillips (COP) 3.1 $102M 1.5M 69.91
Anadarko Petroleum Corporation 3.0 $98M 1.0M 95.75
Devon Energy Corporation (DVN) 2.9 $96M 1.4M 68.64
Altria (MO) 2.9 $96M 1.3M 73.71
Johnson & Johnson (JNJ) 2.8 $91M 1.4M 63.28
Merrill Lynch & Co. 2.7 $89M 1.4M 61.35
Fidelity National Financial In 2.6 $87M 2.0M 44.52
Federal National Mortgage Association (FNMA) 2.6 $87M 1.9M 44.82
Meritage Homes Corporation (MTH) 2.5 $84M 1.1M 76.66
Toll Brothers (TOL) 2.4 $80M 1.8M 44.67
Pfizer (PFE) 2.3 $76M 3.0M 24.97
Telefonos de Mexico 2.1 $68M 3.2M 21.27
Black & Decker Corporation 2.0 $67M 814k 82.09
Thor Industries (THO) 1.7 $55M 1.6M 34.00
Beazer Homes USA 1.6 $53M 910k 58.67
Cendant Corp. 1.6 $53M 2.6M 20.64
Houston Exploration 1.6 $52M 778k 67.25
Whirlpool Corporation (WHR) 1.4 $45M 595k 75.77
Washington Mutual 1.3 $43M 1.1M 39.22
Mohawk Industries (MHK) 1.2 $40M 500k 80.25
Tyco Intl 1.1 $38M 1.4M 27.85
Masco Corporation (MAS) 1.1 $38M 1.2M 30.68
Winnebago Industries (WGO) 1.0 $32M 1.1M 28.97
Pulte (PHM) 0.8 $28M 649k 42.92
Polaris Industries (PII) 0.8 $28M 560k 49.55
Maverick Tube Corp 0.8 $27M 886k 30.00
Yum! Brands (YUM) 0.7 $24M 487k 48.41
Sprint Nextel Corporation 0.7 $24M 990k 23.78
Stanley Furniture 0.7 $22M 848k 26.19
American Woodmark Corporation (AMWD) 0.7 $21M 636k 33.60
Harley-Davidson (HOG) 0.6 $21M 424k 48.44
Sanofi-Aventis SA (SNY) 0.6 $19M 468k 41.55
PPL Corporation (PPL) 0.6 $19M 600k 32.33
Terex Corporation (TEX) 0.5 $18M 359k 49.43
eResearch Technology 0.5 $17M 1.2M 14.19
Morgan Stanley (MS) 0.4 $15M 270k 53.94
Texas Industries 0.4 $13M 233k 54.40
Eagle Materials Inc Cl B 0.4 $13M 109k 115.70
International Business Machines (IBM) 0.4 $12M 151k 80.22
El Paso Corporation 0.3 $11M 803k 13.90
Exelon Corporation (EXC) 0.3 $11M 210k 53.44
Calpine Corp 0.3 $9.0M 3.5M 2.59
MasTec (MTZ) 0.2 $8.4M 767k 10.90
UTStar 0.2 $7.6M 929k 8.17
Gra (GGG) 0.2 $7.5M 219k 34.28
Leap Wireless International 0.2 $7.0M 200k 35.20
Chaparral Steel 0.2 $5.8M 232k 25.22
Gamco Investors (GAMI) 0.2 $5.7M 125k 45.85
Novogen 0.1 $4.6M 252k 18.35
Lamson & Sessions 0.1 $4.4M 238k 18.32
Rush Enterprises (RUSHB) 0.1 $4.2M 283k 15.01
Rush Enterprises (RUSHA) 0.1 $3.5M 227k 15.28
PHH Corporation 0.1 $2.8M 103k 27.46
National R V Hldgs 0.1 $2.5M 472k 5.25
Lennar Corporation (LEN) 0.1 $2.3M 38k 59.76
Dynegy 0.1 $2.4M 520k 4.71
Novagold Resources Inc Cad (NG) 0.1 $2.3M 285k 8.01
R.G. Barry 0.1 $1.9M 322k 6.05
Metris Companies 0.1 $1.9M 130k 14.63
General Electric Company 0.0 $1.5M 43k 33.67
Oca 0.0 $1.4M 941k 1.50
Dynamic Oil & Gas 0.0 $895k 307k 2.92
U.S. Bancorp (USB) 0.0 $507k 18k 28.06
Intel Corporation (INTC) 0.0 $714k 29k 24.65
Monaco Coach Corporation 0.0 $635k 43k 14.75
Loews Corporation (L) 0.0 $213k 2.3k 92.61
Microsoft Corporation (MSFT) 0.0 $236k 9.2k 25.76
Exxon Mobil Corporation (XOM) 0.0 $430k 6.8k 63.47
Wyeth 0.0 $233k 5.0k 46.37
Procter & Gamble Company (PG) 0.0 $258k 4.3k 59.39
United Technologies Corporation 0.0 $292k 5.6k 51.77
Dell 0.0 $251k 7.3k 34.26
Marshall Edwards Inc Com Stk 0.0 $450k 77k 5.81
Muhlenkamp Fund 0.0 $361k 4.3k 84.91