Muhlenkamp & Company

Muhlenkamp & Company as of Sept. 30, 2006

Portfolio Holdings for Muhlenkamp & Company

Muhlenkamp & Company holds 84 positions in its portfolio as reported in the September 2006 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Cemex SAB de CV (CX) 5.0 $167M 5.5M 30.08
Allstate Corporation (ALL) 4.7 $157M 2.5M 62.73
Merrill Lynch & Co. 4.3 $141M 1.8M 78.22
UnitedHealth (UNH) 4.1 $136M 2.8M 49.20
Johnson & Johnson (JNJ) 4.1 $135M 2.1M 64.94
Capital One Financial (COF) 4.0 $132M 1.7M 78.66
Countrywide Financial Corp 3.9 $130M 3.7M 35.04
Citi 3.9 $130M 2.6M 49.67
American Intl Group 3.8 $124M 1.9M 66.26
ConocoPhillips (COP) 3.6 $119M 2.0M 59.53
Nabors Industries 3.4 $113M 3.8M 29.75
Anadarko Petroleum Corporation 3.4 $111M 2.5M 43.83
Altria (MO) 3.0 $100M 1.3M 76.55
Devon Energy Corporation (DVN) 3.0 $98M 1.6M 63.15
Caterpillar (CAT) 2.9 $95M 1.4M 65.80
Pfizer (PFE) 2.7 $90M 3.2M 28.36
Centex Corp 2.6 $87M 1.6M 52.62
BHP Billiton (BHP) 2.6 $87M 2.3M 37.88
Fidelity National Financial In 2.5 $83M 2.0M 41.65
NVR (NVR) 2.5 $82M 153k 535.00
Patterson-UTI Energy (PTEN) 2.4 $79M 3.3M 23.76
Thor Industries (THO) 2.1 $68M 1.7M 41.17
Yrc Worldwide 1.9 $62M 1.7M 37.04
Terex Corporation (TEX) 1.8 $58M 1.3M 45.22
Washington Mutual 1.7 $56M 1.3M 43.47
Toll Brothers (TOL) 1.7 $55M 2.0M 28.08
Whirlpool Corporation (WHR) 1.5 $50M 598k 84.11
Black & Decker Corporation 1.4 $48M 601k 79.35
Meritage Homes Corporation (MTH) 1.4 $45M 1.1M 41.61
Houston Exploration 1.3 $43M 777k 55.15
Beazer Homes USA 1.1 $36M 913k 39.04
Winnebago Industries (WGO) 1.0 $34M 1.1M 31.38
Masco Corporation (MAS) 0.9 $31M 1.1M 27.42
Mohawk Industries (MHK) 0.8 $28M 370k 74.45
Harley-Davidson (HOG) 0.8 $27M 425k 62.75
Morgan Stanley (MS) 0.8 $26M 353k 72.91
Polaris Industries (PII) 0.7 $23M 554k 41.15
Pulte (PHM) 0.6 $21M 650k 31.86
Chaparral Steel 0.6 $20M 584k 34.06
Stanley Furniture 0.5 $18M 843k 21.31
American Woodmark Corporation (AMWD) 0.5 $17M 489k 33.69
RTI International Metals 0.4 $14M 316k 43.58
International Business Machines (IBM) 0.4 $12M 150k 81.94
Wyndham Worldwide Corporation 0.3 $12M 412k 27.97
El Paso Corporation 0.3 $11M 803k 13.64
Eagle Materials (EXP) 0.3 $11M 323k 33.68
Texas Industries 0.3 $11M 209k 52.06
Gra (GGG) 0.3 $8.6M 219k 39.06
eResearch Technology 0.2 $8.4M 1.0M 8.10
Novagold Resources Inc Cad (NG) 0.2 $8.4M 535k 15.69
Federal National Mortgage Association (FNMA) 0.2 $8.0M 142k 55.91
MasTec (MTZ) 0.1 $5.1M 462k 11.07
Gamco Investors (GAMI) 0.1 $4.6M 122k 38.06
Rush Enterprises (RUSHB) 0.1 $4.4M 283k 15.59
Dynegy 0.1 $4.0M 720k 5.54
AMR Corporation 0.1 $3.6M 154k 23.14
Rush Enterprises (RUSHA) 0.1 $3.4M 207k 16.68
Lamson & Sessions 0.1 $3.3M 138k 23.82
Lone Star Technologies 0.1 $3.0M 63k 48.39
Novogen 0.1 $2.9M 252k 11.45
Embarq Corp 0.1 $2.3M 47k 48.36
General Electric Company 0.1 $1.7M 47k 35.30
National R V Hldgs 0.1 $1.6M 448k 3.47
Goldman Sachs (GS) 0.0 $1.2M 6.9k 169.23
Microsoft Corporation (MSFT) 0.0 $968k 35k 27.35
Exxon Mobil Corporation (XOM) 0.0 $839k 13k 67.14
JPMorgan Chase & Co. (JPM) 0.0 $575k 12k 47.00
U.S. Bancorp (USB) 0.0 $515k 16k 33.20
Bank of America Corporation (BAC) 0.0 $764k 14k 53.56
Wal-Mart Stores (WMT) 0.0 $572k 12k 49.34
Wyeth 0.0 $759k 15k 50.81
Cisco Systems (CSCO) 0.0 $554k 24k 22.99
Opentv Corporation Com Stk 0.0 $570k 200k 2.85
American Express Company (AXP) 0.0 $219k 3.9k 56.01
Berkshire Hathaway Inc. Class B 0.0 $270k 85.00 3176.47
Chevron Corporation (CVX) 0.0 $207k 3.2k 64.79
Wells Fargo & Company (WFC) 0.0 $291k 8.0k 36.19
Intel Corporation (INTC) 0.0 $329k 16k 20.56
Dollar Thrifty Automotive 0.0 $214k 4.8k 44.58
United Technologies Corporation 0.0 $493k 7.8k 63.37
Dell 0.0 $280k 12k 22.87
Lowe's Companies (LOW) 0.0 $248k 8.8k 28.05
Marshall Edwards Inc Com Stk 0.0 $228k 77k 2.95
Muhlenkamp Fund 0.0 $346k 4.3k 80.67