Muhlenkamp & Company

Muhlenkamp & Company as of Dec. 31, 2005

Portfolio Holdings for Muhlenkamp & Company

Muhlenkamp & Company holds 86 positions in its portfolio as reported in the December 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Cemex SAB de CV (CX) 4.6 $156M 2.6M 59.33
Centex Corp 4.2 $145M 2.0M 71.49
Capital One Financial (COF) 4.2 $142M 1.6M 86.40
Allstate Corporation (ALL) 3.8 $130M 2.4M 54.07
Countrywide Financial Corp 3.7 $125M 3.7M 34.19
American Intl Group 3.6 $124M 1.8M 68.23
Nabors Industries 3.6 $123M 1.6M 75.75
Citi 3.6 $122M 2.5M 48.53
UnitedHealth (UNH) 3.6 $121M 1.9M 62.14
Anadarko Petroleum Corporation 3.4 $117M 1.2M 94.75
ConocoPhillips (COP) 3.2 $109M 1.9M 58.18
NVR (NVR) 3.1 $107M 153k 702.00
Merrill Lynch & Co. 3.1 $106M 1.6M 67.73
Patterson-UTI Energy (PTEN) 3.1 $104M 3.2M 32.95
Altria (MO) 2.8 $97M 1.3M 74.72
Federal National Mortgage Association (FNMA) 2.8 $95M 1.9M 48.81
Devon Energy Corporation (DVN) 2.8 $94M 1.5M 62.54
Johnson & Johnson (JNJ) 2.6 $87M 1.4M 60.10
Telefonos de Mexico 2.3 $80M 3.2M 24.68
Fidelity National Financial In 2.1 $73M 2.0M 36.79
Pfizer (PFE) 2.1 $72M 3.1M 23.32
Black & Decker Corporation 2.1 $71M 814k 86.96
Toll Brothers (TOL) 2.0 $69M 2.0M 34.64
Meritage Homes Corporation (MTH) 2.0 $68M 1.1M 62.92
Beazer Homes USA 2.0 $68M 928k 72.84
Thor Industries (THO) 1.9 $65M 1.6M 40.07
Washington Mutual 1.6 $56M 1.3M 43.50
Whirlpool Corporation (WHR) 1.5 $51M 607k 83.76
Cendant Corp. 1.3 $43M 2.5M 17.25
Houston Exploration 1.2 $41M 778k 52.80
Mohawk Industries (MHK) 1.2 $40M 460k 86.98
Masco Corporation (MAS) 1.1 $37M 1.2M 30.19
Winnebago Industries (WGO) 1.1 $37M 1.1M 33.28
Terex Corporation (TEX) 1.1 $36M 603k 59.40
Maverick Tube Corp 1.0 $35M 870k 39.86
Polaris Industries (PII) 0.8 $28M 560k 50.20
Tyco Intl 0.8 $28M 954k 28.86
Pulte (PHM) 0.8 $26M 651k 39.36
Sprint Nextel Corporation 0.7 $23M 990k 23.36
Yum! Brands (YUM) 0.7 $23M 487k 46.88
Harley-Davidson (HOG) 0.6 $22M 425k 51.49
Stanley Furniture 0.6 $20M 848k 23.18
eResearch Technology 0.5 $18M 1.2M 15.10
Morgan Stanley (MS) 0.5 $15M 272k 56.74
American Woodmark Corporation (AMWD) 0.5 $15M 620k 24.79
Eagle Materials Inc Cl B 0.4 $13M 109k 117.77
International Business Machines (IBM) 0.4 $13M 152k 82.20
Texas Industries 0.4 $12M 244k 49.84
RTI International Metals 0.3 $11M 280k 37.95
El Paso Corporation 0.3 $9.8M 802k 12.16
Fidelity National Financial 0.2 $8.1M 334k 24.35
Gra (GGG) 0.2 $8.0M 219k 36.48
Chaparral Steel 0.2 $7.0M 231k 30.25
MasTec (MTZ) 0.2 $7.2M 683k 10.47
Yrc Worldwide 0.2 $6.4M 143k 44.61
Lamson & Sessions 0.2 $6.0M 238k 25.02
Gamco Investors (GAMI) 0.2 $5.4M 125k 43.53
Novogen 0.1 $4.6M 252k 18.17
Rush Enterprises (RUSHB) 0.1 $4.1M 283k 14.40
Rush Enterprises (RUSHA) 0.1 $3.4M 227k 14.88
Novagold Resources Inc Cad (NG) 0.1 $3.5M 385k 9.10
National R V Hldgs 0.1 $3.1M 462k 6.69
PHH Corporation 0.1 $2.8M 99k 28.02
Lennar Corporation (LEN) 0.1 $2.6M 43k 61.02
Dynegy 0.1 $2.5M 520k 4.84
R.G. Barry 0.1 $2.0M 322k 6.16
General Electric Company 0.1 $1.7M 50k 35.05
Intel Corporation (INTC) 0.0 $915k 37k 24.96
Lone Star Technologies 0.0 $916k 18k 51.68
Microsoft Corporation (MSFT) 0.0 $569k 22k 26.13
U.S. Bancorp (USB) 0.0 $540k 18k 29.88
Berkshire Hathaway Inc. Class B 0.0 $220k 75.00 2933.33
Bank of America Corporation (BAC) 0.0 $261k 5.7k 46.16
Exxon Mobil Corporation (XOM) 0.0 $381k 6.8k 56.24
Wyeth 0.0 $395k 8.6k 46.06
Cisco Systems (CSCO) 0.0 $279k 16k 17.09
Wells Fargo & Company (WFC) 0.0 $268k 4.3k 62.84
Nokia Corporation (NOK) 0.0 $227k 12k 18.26
Procter & Gamble Company (PG) 0.0 $330k 5.7k 57.92
United Technologies Corporation 0.0 $322k 5.8k 55.90
Dell 0.0 $504k 17k 29.93
Calpine Corp 0.0 $486k 2.3M 0.21
Marshall Edwards Inc Com Stk 0.0 $484k 77k 6.25
Oca 0.0 $373k 932k 0.40
Muhlenkamp Fund 0.0 $362k 4.3k 84.40
Shellbridge Oil & Gas 0.0 $377k 307k 1.23