13F-HR 1 q305.txt HOLDINGS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/05 Check here if Amendment []; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Muhlenkamp & Company Address: 3000 Stonewood Drive, Suite 310 Wexford, PA 15090 Form 13F File Number: 28-03447 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jack Kunkle Title: Analyst Phone: 724-935-5520, Ext: 116 /s/ Jack Kunkle November 21, 2005 Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 85 Form 13F Information Table Value Total: 3,279,209 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ------ Allstate Insurance Grp. COM 020002101 125471 2269332.842SH SOLE 2269332.842 Altria Group Inc COM 02209S103 95550 1296293.468SH SOLE 1296293.468 American International Group COM 026874107 105077 1695885.000SH SOLE 1695885.000 American Woodmark Corp COM 030506109 21369 635974.654SH SOLE 635974.654 Anadarko Petroleum Corp. COM 032511107 98005 1023550.000SH SOLE 1023550.000 Beazer Homes Inc. COM 07556Q105 53400 910176.380SH SOLE 910176.380 Black & Decker Corp COM 091797100 66817 813942.776SH SOLE 813942.776 CHAPARRAL STL CO DEL COM COM 159423102 5843 231700.000SH SOLE 231700.000 Calpine Corp. COM 131347106 9016 3481187.000SH SOLE 3481187.000 Capital One Financial Corp. COM 14040H105 122105 1535520.735SH SOLE 1535520.735 Cemex S A Ssponsor ADR New Rep COM 151290889 136992 2619349.370SH SOLE 2619349.370 Cendant COM 151313103 53156 2575376.756SH SOLE 2575376.756 Centex Corp COM 152312104 129893 2011355.222SH SOLE 2011355.222 Citigroup Inc. COM 172967101 104214 2289408.275SH SOLE 2289408.275 ConocoPhillips COM 20825C104 101983 1458778.840SH SOLE 1458778.840 Countrywide Financial Corp. COM 222372104 113392 3438219.295SH SOLE 3438219.295 DEVON ENERGY CORP NEW COM COM 25179M103 95659 1393637.564SH SOLE 1393637.564 Dell Inc. COM 24702R101 251 7326.000 SH SOLE 7326.000 Dynamic Oil & Gas Inc. COM 267906105 895 306500.000SH SOLE 306500.000 Dynegy Inc. COM 26816Q101 2449 520000.000SH SOLE 520000.000 EResearch COM 29481V108 16845 1187095.000SH SOLE 1187095.000 Eagle Materials Inc Cl B COM 26969P207 12662 109438.845SH SOLE 109438.845 El Paso Corporation COM 28336l109 11165 803234.000SH SOLE 803234.000 Exelon Corp. COM 30161N101 11222 209995.000SH SOLE 209995.000 Exxon Mobil Corp. COM 30231G102 430 6775.000 SH SOLE 6775.000 Fannie Mae COM 313586109 86629 1932818.098SH SOLE 1932818.098 Fidelity National Financial COM 316326107 87060 1955516.083SH SOLE 1955516.083 GAMCO INVESTORS INC-A COM 361438104 5725 124860.000SH SOLE 124860.000 General Electric COM 369604103 1453 43155.000SH SOLE 43155.000 Graco Inc. COM 384109104 7519 219336.000SH SOLE 219336.000 Harley Davidson Inc. COM 412822108 20558 424396.000SH SOLE 424396.000 Houston Exploration COM 442120101 52289 777530.000SH SOLE 777530.000 Intel Corp COM 458140100 714 28966.836SH SOLE 28966.836 International Business Machine COM 459200101 12124 151128.379SH SOLE 151128.379 Johnson & Johnson COM 478160104 91048 1438809.870SH SOLE 1438809.870 LEAP WIRELESS INTL INC COM 521863308 7040 200000.000SH SOLE 200000.000 LENNAR CORP CL A COM 526057104 2282 38185.000SH SOLE 38185.000 Lamson & Sessions COM 513696104 4360 238000.000SH SOLE 238000.000 Loews Corp. COM 540424108 213 2300.000 SH SOLE 2300.000 MARSHALL EDWARDS INC COM COM 572322303 450 77397.000SH SOLE 77397.000 MAVERICK TUBE CORP COM 577914104 26567 885570.000SH SOLE 885570.000 Masco Corp COM 574599106 37784 1231555.386SH SOLE 1231555.386 Mastec Inc. COM 576323109 8361 767030.000SH SOLE 767030.000 Meritage Corp. COM 59001A102 83541 1089760.000SH SOLE 1089760.000 Merrill Lynch COM 590188108 88832 1447948.542SH SOLE 1447948.542 Metris Companies COM 591598107 1902 130000.000SH SOLE 130000.000 Microsoft Corp COM 594918104 236 9162.000 SH SOLE 9162.000 Mohawk Industries, Inc. COM 608190104 40116 499888.000SH SOLE 499888.000 Monaco Coach COM 60886R103 635 43050.000SH SOLE 43050.000 Morgan Stanley COM 617446448 14578 270263.000SH SOLE 270263.000 NOVAGOLD RES INC COM NEW COM 66987E206 2280 284700.000SH SOLE 284700.000 NVR Inc. COM 62944T105 117079 132300.000SH SOLE 132300.000 Nabors Industries LTD New (Ber COM G6359F103 108914 1516270.000SH SOLE 1516270.000 National RV Holdings COM 637277104 2477 471833.000SH SOLE 471833.000 Novogen LTD COM 67010F103 4619 251710.000SH SOLE 251710.000 OCA INC COM 67083Q101 1411 940810.000SH SOLE 940810.000 PHH CORP COM 693320202 2823 102819.000SH SOLE 102819.000 PPL CORP COM COM 69351T106 19398 600000.000SH SOLE 600000.000 Patterson Energy Inc. COM 703481101 106419 2949537.180SH SOLE 2949537.180 Pfizer Inc COM 717081103 75888 3039176.000SH SOLE 3039176.000 Polaris Industries, Inc. COM 731068102 27759 560220.000SH SOLE 560220.000 Procter & Gamble Co COM 742718109 258 4344.146 SH SOLE 4344.146 Pulte Homes, Inc. COM 745867101 27848 648840.000SH SOLE 648840.000 R G Barry Corp COM 068798107 1949 322200.000SH SOLE 322200.000 Rush Enterprises CLA COM 781846209 3463 226605.000SH SOLE 226605.000 Rush Enterprises CLB COM 781846308 4248 283005.000SH SOLE 283005.000 SANOFI-AVENTIS-ADR COM 80105N105 19438 467828.000SH SOLE 467828.000 SPRINT NEXTEL CORP COM 852061100 23539 989878.000SH SOLE 989878.000 Stanley Furniture Inc New COM 854305208 22211 848055.000SH SOLE 848055.000 Telefonos De Mexico COM 879403780 68024 3198110.000SH SOLE 3198110.000 Terex Corp Del COM 880779103 17752 359140.000SH SOLE 359140.000 Texas Industries Inc. COM 882491103 12664 232795.000SH SOLE 232795.000 Thor Industries Inc. COM 885160101 54685 1608395.000SH SOLE 1608395.000 Toll Brothers Inc. COM 889478103 79462 1778870.000SH SOLE 1778870.000 Tyco International LTD COM 902124106 37684 1353105.000SH SOLE 1353105.000 U S Bancorp Del New COM 902973304 507 18070.000SH SOLE 18070.000 UTStarcom, Inc. COM 918076100 7591 929144.000SH SOLE 929144.000 United Technologies Corp. COM 913017109 292 5640.000 SH SOLE 5640.000 UnitedHealth Group Inc. COM 91324P102 108852 1936865.122SH SOLE 1936865.122 Washington Mutual Inc. COM 939322103 42689 1088447.000SH SOLE 1088447.000 Whirlpool Corp COM 963320106 45117 595445.000SH SOLE 595445.000 Winnebago Inds. Inc. COM 974637100 31813 1098119.195SH SOLE 1098119.195 Wyeth COM 983024100 233 5025.000 SH SOLE 5025.000 YUM BRANDS INC COM COM 988498101 23586 487220.000SH SOLE 487220.000 Muhlenkamp Fund 962096103 361 4251.333 SH SOLE 4251.333