13F-HR/A 1 q303.txt AMEND FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2003 Check here if Amendment [X]; Amendment Number: 2 This Amendment (Check only one.): [X] 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 August 2, 2004 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: 93 Form 13F Information Table Value Total: 1,029,851 (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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ---- A T M I Inc. COM 00207R101 8866 350850.000SH SOLE 350850.000 Abitibi-Consol COM 003924107 1960 280000.000SH SOLE 280000.000 Altria Group Inc COM 02209S103 23411 534503.000SH SOLE 534503.000 American Woodmark Corp COM 030506109 16549 369722.267SH SOLE 369722.267 Anadarko Petroleum Corp. COM 032511107 8230 197085.000SH SOLE 197085.000 Arkansas Best Corp COM 040790107 22647 824417.000SH SOLE 824417.000 Beazer Homes Inc. COM 07556q105 26447 313350.768SH SOLE 313350.768 Berkshire Hathaway CL A COM 084670108 375 5.000 SH SOLE 5.000 Black & Decker Corp COM 091797100 16516 407300.000SH SOLE 407300.000 CAVCO INDS INC DEL COM COM 149568107 826 38556.000SH SOLE 38556.000 Calpine Corp. COM 131347106 15279 3124526.000SH SOLE 3124526.000 Capital One Financial Corp. COM 14040h105 41440 726510.000SH SOLE 726510.000 Cemex S A Ssponsor ADR New Rep COM 151290889 22402 897877.424SH SOLE 897877.424 Cendant COM 151313103 30559 1635025.000SH SOLE 1635025.000 Centex Corp COM 152312104 61431 788785.000SH SOLE 788785.000 Citigroup Inc. COM 172967101 31879 700492.030SH SOLE 700492.030 Citrix Sys Inc COM 177376100 8274 374750.000SH SOLE 374750.000 ConocoPhillips COM 20825C104 9014 164641.000SH SOLE 164641.000 Countrywide Financial Corp. COM 222372104 45646 583109.582SH SOLE 583109.582 Cytyc Corp Com COM 232946103 1501 100000.000SH SOLE 100000.000 D&K Healthcare COM 232861104 7720 549100.000SH SOLE 549100.000 DEVON ENERGY CORP NEW COM COM 25179M103 19408 402730.000SH SOLE 402730.000 DVI Inc COM 233343102 2 23000.000SH SOLE 23000.000 Denbury Res. Inc. COM 247916208 2667 215800.000SH SOLE 215800.000 Dynamic Oil & Gas Inc. COM 267906105 610 156500.000SH SOLE 156500.000 Dynegy Inc. COM 26816Q101 1872 520000.000SH SOLE 520000.000 EResearch COM 29481V108 3546 101800.000SH SOLE 101800.000 El Paso Corporation COM 28336l109 5974 818322.000SH SOLE 818322.000 EnPro Industries Inc. COM 29355X107 1255 130000.000SH SOLE 130000.000 Ethan Allen Interiors Inc COM 297602104 1620 45000.000SH SOLE 45000.000 Exelon Corp. COM 30161N101 6611 104110.000SH SOLE 104110.000 Exxon Mobil Corp. COM 30231G102 278 7601.000 SH SOLE 7601.000 Fannie Mae COM 313586109 37780 538177.000SH SOLE 538177.000 Fidelity National Financial COM 316326107 44733 1488135.000SH SOLE 1488135.000 Furniture Brands Intl. Inc. COM 360921100 214 8900.000 SH SOLE 8900.000 Gabelli Asset Management COM 36239Y102 4453 124860.000SH SOLE 124860.000 General Cable Corp COM 369300108 1003 126000.000SH SOLE 126000.000 General Electric COM 369604103 975 32694.000SH SOLE 32694.000 GlobalSantaFe Corp COM G3930E101 416 17357.000SH SOLE 17357.000 Goodrich Corp. COM 382388106 12248 505270.000SH SOLE 505270.000 Graco Inc. COM 384109104 6186 164741.000SH SOLE 164741.000 Harley Davidson Inc. COM 412822108 10369 215121.000SH SOLE 215121.000 Houston Exploration COM 442120101 11135 317250.000SH SOLE 317250.000 Intel Corp COM 458140100 749 27214.000SH SOLE 27214.000 International Business Machine COM 459200101 13190 149331.268SH SOLE 149331.268 JLG Industries Inc. COM 466210101 1705 147961.801SH SOLE 147961.801 LEAR CORP COM COM 521865105 5917 112400.000SH SOLE 112400.000 LENNAR CORP CL A COM 526057104 243 3120.000 SH SOLE 3120.000 Lamson & Sessions COM 513696104 2639 478000.000SH SOLE 478000.000 Masco Corp COM 574599106 3242 132415.000SH SOLE 132415.000 Mastec Inc. COM 576323109 7445 767520.000SH SOLE 767520.000 Merck & Company COM 589331107 490 9686.000 SH SOLE 9686.000 Meritage Corp. COM 59001A102 26372 558130.000SH SOLE 558130.000 Merrill Lynch COM 590188108 13630 254620.000SH SOLE 254620.000 Metris Companies COM 591598107 1030 250000.000SH SOLE 250000.000 Microsoft Corp COM 594918104 231 8326.000 SH SOLE 8326.000 Mohawk Industries, Inc. COM 608190104 36749 515264.000SH SOLE 515264.000 Monaco Coach COM 60886R103 3587 216750.000SH SOLE 216750.000 Morgan Stanley COM 617446448 8504 168520.000SH SOLE 168520.000 NVR Inc. COM 62944t105 60566 129830.000SH SOLE 129830.000 Nabors Industries LTD New (Ber COM G6359F103 20115 539860.000SH SOLE 539860.000 National RV Holdings COM 637277104 2608 299736.000SH SOLE 299736.000 Novogen LTD COM 67010F103 1501 80000.000SH SOLE 80000.000 Orthodontic Centers of America COM 68750p103 7642 969790.000SH SOLE 969790.000 PNC Financial COM 693475105 472 9910.000 SH SOLE 9910.000 PPL CORP COM COM 69351T106 12285 300000.000SH SOLE 300000.000 Patterson Energy Inc. COM 703481101 18858 696640.000SH SOLE 696640.000 Photon Dynamics Inc. COM 719364101 7993 274200.000SH SOLE 274200.000 Polaris Industries, Inc. COM 731068102 20833 280955.000SH SOLE 280955.000 Pulte Homes, Inc. COM 745867101 4136 60815.000SH SOLE 60815.000 R G Barry Corp COM 068798107 1675 322200.000SH SOLE 322200.000 Readers Digest Assoc. COM 755267101 3142 224600.000SH SOLE 224600.000 Rush Enterprises CLA COM 781846209 1946 282005.000SH SOLE 282005.000 Rush Enterprises CLB COM 781846308 1889 282005.000SH SOLE 282005.000 Salton COM 795757103 1337 134400.000SH SOLE 134400.000 Sovereign Bancorp Inc. COM 845905108 1299 70000.000SH SOLE 70000.000 Stanley Furniture Inc New COM 854305208 13494 442285.000SH SOLE 442285.000 Superconductor Technologies In COM 867931107 1719 446620.000SH SOLE 446620.000 Superior Industries Intl Inc COM 868168105 18305 451430.000SH SOLE 451430.000 Supervalu Inc. COM 868536103 4927 206500.000SH SOLE 206500.000 Telefonos De Mexico COM 879403780 381 12460.000SH SOLE 12460.000 Tenet Healthcare Corp. COM 88033G100 2905 200600.000SH SOLE 200600.000 Terex Corp Del COM 880779103 2408 129950.000SH SOLE 129950.000 Texas Industries Inc. COM 882491103 5924 240825.451SH SOLE 240825.451 Thor Industries Inc. COM 885160101 15498 286900.000SH SOLE 286900.000 Toll Brothers Inc. COM 889478103 1819 59800.000SH SOLE 59800.000 Travelers Property Casualty CL COM 89420g109 316 19873.000SH SOLE 19873.000 Travelers Property Casualty CL COM 89420g406 648 40832.000SH SOLE 40832.000 Tyco International LTD COM 902124106 32000 1566330.000SH SOLE 1566330.000 Washington Mutual Inc. COM 939322103 17324 440037.000SH SOLE 440037.000 Whirlpool Corp COM 963320106 21582 318465.000SH SOLE 318465.000 Wilsons Leather COM 972463103 739 92500.000SH SOLE 92500.000 Winnebago Inds. Inc. COM 974637100 21515 482625.000SH SOLE 482625.000