13F-HR 1 q107.txt 033107 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/07 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 May 17, 2007 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: 73 Form 13F Information Table Value Total: 2,693,226 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ------ AMR Corp. COM 001765106 5208 171045 SH Sole 171045 Alaska Air Group COM 011659109 11049 290000 SH Sole 290000 Allstate Insurance Grp. COM 020002101 91681 1526482 SH Sole 1526482 Altria Group Inc COM 02209S103 115206 1311987 SH Sole 1311987 American International Group COM 026874107 85566 1272918 SH Sole 1272918 American Woodmark Corp COM 030506109 10752 292500 SH Sole 292500 Anadarko Petroleum Corp. COM 032511107 100410 2336200 SH Sole 2336200 BHP BILLITON LTD SPONSORED ADR COM 088606108 91247 1883320 SH Sole 1883320 Bank of America Corp COM 060505104 403 7905 SH Sole 7905 Berkshire Hathaway CL B COM 084670207 291 80 SH Sole 80 Black & Decker Corp COM 091797100 20124 246552 SH Sole 246552 Burlington Northern Santa Fe C COM 12189T104 429 5340 SH Sole 5340 CHAPARRAL STL CO DEL COM COM 159423102 32319 555592 SH Sole 555592 Capital One Financial Corp. COM 14040H105 120772 1600472 SH Sole 1600472 Caterpillar COM 149123101 81269 1212434 SH Sole 1212434 Cemex S A Sponsor ADR New Rep COM 151290889 153573 4689253 SH Sole 4689253 Centex Corp COM 152312104 1937 46350 SH Sole 46350 ChevronTexaco Corp. COM 166764100 225 3045 SH Sole 3045 Cisco Systems Inc COM 17275R102 9657 378269 SH Sole 378269 Citigroup Inc. COM 172967101 133621 2602667 SH Sole 2602667 ConocoPhillips COM 20825C104 135647 1984589 SH Sole 1984589 Countrywide Financial Corp. COM 222372104 123197 3662203 SH Sole 3662203 DEVON ENERGY CORP NEW COM COM 25179M103 107583 1554212 SH Sole 1554212 Dell Inc. COM 24702R101 280 12069 SH Sole 12069 EMBARQ CORP COM COM 29078E105 2636 46773 SH Sole 46773 Eagle Materials Inc COM 26969P108 5434 121747 SH Sole 121747 Exxon Mobil Corp. COM 30231G102 847 11221 SH Sole 11221 FIDELITY NATIONAL FINANCIAL-A COM 31620R105 43275 1802384 SH Sole 1802384 FIDELITY NATL INFO SVC COM COM 31620M106 45491 1000686 SH Sole 1000686 Fannie Mae COM 313586109 8128 148923 SH Sole 148923 General Electric COM 369604103 1258 35576 SH Sole 35576 Goldman Sachs Group Inc. COM 38141G104 3833 18550 SH Sole 18550 Graco Inc. COM 384109104 8437 215439 SH Sole 215439 HARRIS CORP DEL COM COM 413875105 25441 499325 SH Sole 499325 Harley Davidson Inc. COM 412822108 24955 424765 SH Sole 424765 Home Depot COM 437076102 13272 361249 SH Sole 361249 Intel Corp COM 458140100 306 16000 SH Sole 16000 International Business Machine COM 459200101 14370 152448 SH Sole 152448 J.P. Morgan Chase & Co. COM 46625H100 309 6381 SH Sole 6381 Lowes Companies Inc. COM 548661107 250 7936 SH Sole 7936 MARSHALL EDWARDS INC COM COM 572322303 296 75607 SH Sole 75607 Masco Corp COM 574599106 847 30900 SH Sole 30900 Meritage Corp. COM 59001A102 34754 1082010 SH Sole 1082010 Merrill Lynch COM 590188108 147317 1803813 SH Sole 1803813 Microsoft Corp COM 594918104 737 26441 SH Sole 26441 Morgan Stanley COM 617446448 27140 344589 SH Sole 344589 NOVAGOLD RES INC COM NEW COM 66987E206 10758 634700 SH Sole 634700 NVR Inc. COM 62944T105 81756 122941 SH Sole 122941 Nabors Industries LTD New (Ber COM G6359F103 113088 3811532 SH Sole 3811532 National RV Holdings COM 637277104 945 427400 SH Sole 427400 Novogen LTD COM 67010F103 2570 251710 SH Sole 251710 OPENTV CORP CL A COM G67543101 490 200000 SH Sole 200000 Patterson Energy Inc. COM 703481101 50892 2267929 SH Sole 2267929 Polaris Industries, Inc. COM 731068102 21680 451845 SH Sole 451845 RTI International Metals Inc. COM 74973W107 19396 213120 SH Sole 213120 Rush Enterprises CLA COM 781846209 3585 186605 SH Sole 186605 Rush Enterprises CLB COM 781846308 5125 283005 SH Sole 283005 Stanley Furniture Inc New COM 854305208 16961 815430 SH Sole 815430 Terex Corp Del COM 880779103 99928 1392524 SH Sole 1392524 Thor Industries Inc. COM 885160101 63531 1612869 SH Sole 1612869 Toll Brothers Inc. COM 889478103 53694 1961080 SH Sole 1961080 U S Bancorp Del New COM 902973304 532 15210 SH Sole 15210 United Technologies Corp. COM 913017109 438 6745 SH Sole 6745 UnitedHealth Group Inc. COM 91324P102 130408 2461928 SH Sole 2461928 WESCO INTERNATIONAL INC COM 95082P105 16850 268400 SH Sole 268400 Wal-Mart Stores COM 931142103 385 8192 SH Sole 8192 Washington Mutual Inc. COM 939322103 51818 1283252 SH Sole 1283252 Wells Fargo & Co. COM 949746101 211 6140 SH Sole 6140 Whirlpool Corp COM 963320106 71076 837070 SH Sole 837070 Winnebago Inds. Inc. COM 974637100 29011 862644 SH Sole 862644 Wyeth COM 983024100 417 8338 SH Sole 8338 YRC WORLDWIDE INC COM 984249102 5594 139089 SH Sole 139089 Muhlenkamp Fund 962096103 313 3733.610 SH Sole 3733.6100