13F-HR/A 1 q104.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: 03/31/2004 Check here if Amendment [X]; Amendment Number: 1 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 4, 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: 91 Form 13F Information Table Value Total: 1,461,745 (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 9234 350850.000SH SOLE 350850.000 Abitibi-Consol COM 003924107 1985 280000.000SH SOLE 280000.000 Allstate Insurance Grp. COM 020002101 14403 316825.000SH SOLE 316825.000 Altria Group Inc COM 02209S103 32457 596086.000SH SOLE 596086.000 American Woodmark Corp COM 030506109 24087 362424.150SH SOLE 362424.150 Anadarko Petroleum Corp. COM 032511107 10505 202560.000SH SOLE 202560.000 Atmel Corp COM 049513104 7381 1135600.000SH SOLE 1135600.000 Beazer Homes Inc. COM 07556Q105 33524 316530.769SH SOLE 316530.769 Berkshire Hathaway CL A COM 084670108 280 3.000 SH SOLE 3.000 Black & Decker Corp COM 091797100 37145 652360.000SH SOLE 652360.000 CAVCO INDS INC DEL COM COM 149568107 1286 34899.000SH SOLE 34899.000 Calpine Corp. COM 131347106 14145 3029004.000SH SOLE 3029004.000 Capital One Financial Corp. COM 14040H105 55384 734240.000SH SOLE 734240.000 Cemex S A Ssponsor ADR New Rep COM 151290889 31310 1049966.399SH SOLE 1049966.399 Cendant COM 151313103 50050 2052075.000SH SOLE 2052075.000 Centex Corp COM 152312104 85243 1576830.000SH SOLE 1576830.000 Citigroup Inc. COM 172967101 46283 895226.031SH SOLE 895226.031 ConocoPhillips COM 20825C104 10672 152874.000SH SOLE 152874.000 Countrywide Financial Corp. COM 222372104 76517 797883.109SH SOLE 797883.109 Cytyc Corp Com COM 232946103 2232 100300.000SH SOLE 100300.000 D&K Healthcare COM 232861104 5568 543200.000SH SOLE 543200.000 DEVON ENERGY CORP NEW COM COM 25179M103 24062 413798.000SH SOLE 413798.000 Dynamic Oil & Gas Inc. COM 267906105 1079 306500.000SH SOLE 306500.000 Dynegy Inc. COM 26816Q101 2059 520000.000SH SOLE 520000.000 Eagle Materials Inc COM 26969P108 1966 33400.000SH SOLE 33400.000 Eagle Materials Inc Cl B COM 26969P207 6770 115921.000SH SOLE 115921.000 El Paso Corporation COM 28336l109 5735 806629.000SH SOLE 806629.000 EnPro Industries Inc. COM 29355X107 2460 130000.000SH SOLE 130000.000 Ethan Allen Interiors Inc COM 297602104 1238 30000.000SH SOLE 30000.000 Exelon Corp. COM 30161N101 7170 104110.000SH SOLE 104110.000 Fannie Mae COM 313586109 49960 671957.000SH SOLE 671957.000 Fidelity National Financial COM 316326107 75616 1909484.000SH SOLE 1909484.000 Furniture Brands Intl. Inc. COM 360921100 5126 159200.000SH SOLE 159200.000 Gabelli Asset Management COM 36239Y102 5029 124860.000SH SOLE 124860.000 General Cable Corp COM 369300108 930 126000.000SH SOLE 126000.000 General Electric COM 369604103 938 30726.000SH SOLE 30726.000 GlobalSantaFe Corp COM G3930E101 223 8048.000 SH SOLE 8048.000 Goodrich Corp. COM 382388106 13043 464660.000SH SOLE 464660.000 Graco Inc. COM 384109104 6893 236790.000SH SOLE 236790.000 Harley Davidson Inc. COM 412822108 12023 225396.000SH SOLE 225396.000 Houston Exploration COM 442120101 14234 318230.000SH SOLE 318230.000 Intel Corp COM 458140100 646 23754.000SH SOLE 23754.000 International Business Machine COM 459200101 13883 151164.916SH SOLE 151164.916 JLG Industries Inc. COM 466210101 616 43100.000SH SOLE 43100.000 Johnson & Johnson COM 478160104 36017 710118.000SH SOLE 710118.000 LEAR CORP COM COM 521865105 14911 240660.000SH SOLE 240660.000 LENNAR CORP CL A COM 526057104 1285 23775.000SH SOLE 23775.000 Lamson & Sessions COM 513696104 3040 538000.000SH SOLE 538000.000 MARSHALL EDWARDS INC COM COM 572322303 600 50000.000SH SOLE 50000.000 Masco Corp COM 574599106 10643 349625.000SH SOLE 349625.000 Mastec Inc. COM 576323109 7039 743330.000SH SOLE 743330.000 Meritage Corp. COM 59001A102 40587 546630.000SH SOLE 546630.000 Merrill Lynch COM 590188108 28335 475740.000SH SOLE 475740.000 Metris Companies COM 591598107 1767 219800.000SH SOLE 219800.000 Mohawk Industries, Inc. COM 608190104 41810 507714.000SH SOLE 507714.000 Monaco Coach COM 60886R103 5814 216950.000SH SOLE 216950.000 Morgan Stanley COM 617446448 9702 169320.000SH SOLE 169320.000 NOVAGOLD RES INC COM NEW COM 66987E206 927 184700.000SH SOLE 184700.000 NVR Inc. COM 62944T105 60081 130610.000SH SOLE 130610.000 Nabors Industries LTD New (Ber COM G6359F103 34867 762130.000SH SOLE 762130.000 National RV Holdings COM 637277104 4725 299036.000SH SOLE 299036.000 Novogen LTD COM 67010F103 2000 80000.000SH SOLE 80000.000 Opsware Inc. COM 68383A101 1194 158000.000SH SOLE 158000.000 Orthodontic Centers of America COM 68750P103 6849 867020.000SH SOLE 867020.000 PNC Financial COM 693475105 478 8620.000 SH SOLE 8620.000 PPL CORP COM COM 69351T106 13680 300000.000SH SOLE 300000.000 Patterson Energy Inc. COM 703481101 36414 1028340.000SH SOLE 1028340.000 Photon Dynamics Inc. COM 719364101 8947 274200.000SH SOLE 274200.000 Polaris Industries, Inc. COM 731068102 25496 561090.000SH SOLE 561090.000 Pulte Homes, Inc. COM 745867101 17949 322830.000SH SOLE 322830.000 R G Barry Corp COM 068798107 938 322200.000SH SOLE 322200.000 Rush Enterprises CLA COM 781846209 3271 282005.000SH SOLE 282005.000 Rush Enterprises CLB COM 781846308 3277 283005.000SH SOLE 283005.000 Sovereign Bancorp Inc. COM 845905108 643 30000.000SH SOLE 30000.000 Stanley Furniture Inc New COM 854305208 16902 435285.000SH SOLE 435285.000 Superconductor Technologies In COM 867931107 844 366839.000SH SOLE 366839.000 Superior Industries Intl Inc COM 868168105 15638 441250.000SH SOLE 441250.000 Supervalu Inc. COM 868536103 5558 182000.000SH SOLE 182000.000 Telefonos De Mexico COM 879403780 400 11460.000SH SOLE 11460.000 Terex Corp Del COM 880779103 4804 129950.000SH SOLE 129950.000 Texas Industries Inc. COM 882491103 8529 235925.451SH SOLE 235925.451 Thor Industries Inc. COM 885160101 18195 677400.000SH SOLE 677400.000 Toll Brothers Inc. COM 889478103 3221 70900.000SH SOLE 70900.000 Travelers Property Casualty CL COM 89420G109 341 19873.000SH SOLE 19873.000 Travelers Property Casualty CL COM 89420G406 12398 717882.000SH SOLE 717882.000 Tyco International LTD COM 902124106 45233 1578810.000SH SOLE 1578810.000 UTStarcom, Inc. COM 918076100 20358 708100.000SH SOLE 708100.000 UnitedHealth Group Inc. COM 91324P102 7224 112100.000SH SOLE 112100.000 Washington Mutual Inc. COM 939322103 25382 594292.000SH SOLE 594292.000 Whirlpool Corp COM 963320106 22545 327355.000SH SOLE 327355.000 Winnebago Inds. Inc. COM 974637100 29497 946340.000SH SOLE 946340.000