13F-HR 1 q108.txt 033108 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/08 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: 5000 Stonewood Drive, Suite 300 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: 724-934-5126 /s/ Jack Kunkle March 14, 2008 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: 54 Form 13F Information Table Value Total: 1,446,106 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ------ AMEDISYS INC COM 023436108 17046 433305.0000 SH Sole 433305.0000 AMR Corp. COM 001765106 967 107168.0000 SH Sole 107168.0000 Altria Group Inc COM 02209S103 28798 1297218.5827 SH Sole 1297218.5827 American International Group COM 026874107 59100 1366468.0000 SH Sole 1366468.0000 Amgen Inc. COM 031162100 23333 558473.0000 SH Sole 558473.0000 Anadarko Petroleum Corp. COM 032511107 32201 510880.0000 SH Sole 510880.0000 BHP BILLITON LTD SPONSORED ADR COM 088606108 50868 772480.0000 SH Sole 772480.0000 Berkshire Hathaway CL B COM 084670207 61744 13804.0000 SH Sole 13804.0000 Boeing Corp COM 097023105 47113 633495.0000 SH Sole 633495.0000 Burlington Northern Santa Fe C COM 12189T104 762 8260.0000 SH Sole 8260.0000 Caterpillar COM 149123101 89251 1140004.0000 SH Sole 1140004.0000 Cemex S A Sponsor ADR New Rep COM 151290889 56528 2164158.3723 SH Sole 2164158.3723 Cisco Systems Inc COM 17275R102 73613 3055747.0000 SH Sole 3055747.0000 ConocoPhillips COM 20825C104 34096 447388.8400 SH Sole 447388.8400 Corning Inc. COM 219350105 51380 2137274.0000 SH Sole 2137274.0000 DEVON ENERGY CORP NEW COM COM 25179M103 76042 728860.5650 SH Sole 728860.5650 Exxon Mobil Corp. COM 30231G102 869 10279.0000 SH Sole 10279.0000 FIDELITY NATL INFO SVC COM COM 31620M106 32713 857717.0000 SH Sole 857717.0000 GULFPORT ENERGY CORP COM NEW COM 402635304 2129 200850.0000 SH Sole 200850.0000 General Electric COM 369604103 1037 28027.3032 SH Sole 28027.3032 Goodyear Tire & Rubber COM 382550101 28323 1097805.0000 SH Sole 1097805.0000 Graco Inc. COM 384109104 7812 215439.0000 SH Sole 215439.0000 HARRIS CORP DEL COM COM 413875105 33377 687758.0000 SH Sole 687758.0000 Harley Davidson Inc. COM 412822108 15886 423630.0000 SH Sole 423630.0000 Home Depot COM 437076102 2311 82619.3900 SH Sole 82619.3900 INNOVATIVE SOLTNS&SUPP COM COM 45769N105 6892 652000.0000 SH Sole 652000.0000 Intel Corp COM 458140100 339 16000.0000 SH Sole 16000.0000 International Business Machine COM 459200101 68668 596385.3785 SH Sole 596385.3785 KINETIC CONCEPTS INC COM 49460W208 32584 704825.0000 SH Sole 704825.0000 MARSHALL EDWARDS INC COM COM 572322303 181 75607.0000 SH Sole 75607.0000 Microsoft Corp COM 594918104 467 16461.1095 SH Sole 16461.1095 NOVAGOLD RES INC COM NEW COM 66987E206 4894 634700.0000 SH Sole 634700.0000 NVR Inc. COM 62944T105 23930 40050.0000 SH Sole 40050.0000 Nabors Industries LTD New (Ber COM G6359F103 5032 149016.0000 SH Sole 149016.0000 Novogen LTD COM 67010F103 1334 251710.0000 SH Sole 251710.0000 Oracle Corp COM 68389X105 42738 2184945.0000 SH Sole 2184945.0000 PHILIP MORRIS INTL. INC. COM 718172109 65613 1297218.5827 SH Sole 1297218.5827 Rush Enterprises CLA COM 781846209 4434 279907.5000 SH Sole 279907.5000 Rush Enterprises CLB COM 781846308 3303 223757.5000 SH Sole 223757.5000 Stanley Furniture Inc New COM 854305208 9762 786600.0000 SH Sole 786600.0000 Terex Corp Del COM 880779103 71354 1141660.0000 SH Sole 1141660.0000 Thor Industries Inc. COM 885160101 36785 1235630.0000 SH Sole 1235630.0000 Transocean Inc. COM G90073100 46390 343122.0000 SH Sole 343122.0000 U S Bancorp Del New COM 902973304 203 6270.0000 SH Sole 6270.0000 United Technologies Corp. COM 913017109 398 5790.0000 SH Sole 5790.0000 UnitedHealth Group Inc. COM 91324P102 65826 1915769.1220 SH Sole 1915769.1220 WESCO INTERNATIONAL INC COM 95082P105 29373 804970.0000 SH Sole 804970.0000 Wal-Mart Stores COM 931142103 406 7712.0000 SH Sole 7712.0000 Washington Mutual Inc. COM 939322103 12899 1252307.0000 SH Sole 1252307.0000 Whirlpool Corp COM 963320106 75187 866408.0000 SH Sole 866408.0000 Winnebago Inds. Inc. COM 974637100 8540 505340.0000 SH Sole 505340.0000 Wyeth COM 983024100 237 5673.0000 SH Sole 5673.0000 Muhlenkamp Fund 962096103 264 4522.5020 SH Sole 4522.5020 ISHARES RUSSELL 1000 GROWTH 464287614 776 14257.0000 SH Sole 14257.0000