13F-HR 1 q207.txt 063007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/07 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 August 14, 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: 69 Form 13F Information Table Value Total: 2,689,170 (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 4341 164740.0000 SH Sole 164740.0000 Alaska Air Group COM 011659109 7548 270910.0000 SH Sole 270910.0000 Allstate Insurance Grp. COM 020002101 81189 1319929.2730 SH Sole 1319929.2730 Altria Group Inc COM 02209S103 92022 1311971.5827 SH Sole 1311971.5827 American International Group COM 026874107 88849 1268728.0000 SH Sole 1268728.0000 Anadarko Petroleum Corp. COM 032511107 120996 2327295.0000 SH Sole 2327295.0000 BHP BILLITON LTD SPONSORED ADR COM 088606108 113178 1894195.0000 SH Sole 1894195.0000 Bank of America Corp COM 060505104 312 6373.4065 SH Sole 6373.4065 Berkshire Hathaway CL B COM 084670207 288 80.0000 SH Sole 80.0000 Black & Decker Corp COM 091797100 2062 23345.0000 SH Sole 23345.0000 Burlington Northern Santa Fe C COM 12189T104 633 7440.0000 SH Sole 7440.0000 CHAPARRAL STL CO DEL COM COM 159423102 39652 551722.0000 SH Sole 551722.0000 Capital One Financial Corp. COM 14040H105 93524 1192296.7350 SH Sole 1192296.7350 Caterpillar COM 149123101 94094 1201714.0000 SH Sole 1201714.0000 Cemex S A Sponsor ADR New Rep COM 151290889 149330 4046886.7170 SH Sole 4046886.7170 ChevronTexaco Corp. COM 166764100 248 2945.0000 SH Sole 2945.0000 Cisco Systems Inc COM 17275R102 25753 924704.0000 SH Sole 924704.0000 Citigroup Inc. COM 172967101 107174 2089561.9122 SH Sole 2089561.9122 ConocoPhillips COM 20825C104 154963 1974048.8400 SH Sole 1974048.8400 Countrywide Financial Corp. COM 222372104 128805 3543456.2951 SH Sole 3543456.2951 DEVON ENERGY CORP NEW COM COM 25179M103 120898 1544228.5650 SH Sole 1544228.5650 Dell Inc. COM 24702R101 311 10909.0000 SH Sole 10909.0000 Eagle Materials Inc COM 26969P108 6004 122397.8453 SH Sole 122397.8453 Exxon Mobil Corp. COM 30231G102 929 11071.0000 SH Sole 11071.0000 FIDELITY NATIONAL FINANCIAL-A COM 31620R105 42339 1786458.0000 SH Sole 1786458.0000 FIDELITY NATL INFO SVC COM COM 31620M106 53718 989639.0000 SH Sole 989639.0000 Fannie Mae COM 313586109 9264 141799.0000 SH Sole 141799.0000 General Electric COM 369604103 1316 34381.3032 SH Sole 34381.3032 Goldman Sachs Group Inc. COM 38141G104 4009 18495.0000 SH Sole 18495.0000 Graco Inc. COM 384109104 8678 215439.0000 SH Sole 215439.0000 HARRIS CORP DEL COM COM 413875105 30186 553360.0000 SH Sole 553360.0000 Harley Davidson Inc. COM 412822108 25308 424565.0000 SH Sole 424565.0000 Home Depot COM 437076102 13563 344684.3900 SH Sole 344684.3900 Intel Corp COM 458140100 380 16000.0000 SH Sole 16000.0000 International Business Machine COM 459200101 15972 151748.3785 SH Sole 151748.3785 J.P. Morgan Chase & Co. COM 46625H100 292 6031.0000 SH Sole 6031.0000 Kraft Foods Inc. COM 50075N104 1036 29384.0000 SH Sole 29384.0000 MARSHALL EDWARDS INC COM COM 572322303 232 75607.0000 SH Sole 75607.0000 Meritage Corp. COM 59001A102 28629 1070230.0000 SH Sole 1070230.0000 Merrill Lynch COM 590188108 120776 1445037.5420 SH Sole 1445037.5420 Microsoft Corp COM 594918104 743 25209.1095 SH Sole 25209.1095 Morgan Stanley COM 617446448 28780 343109.0000 SH Sole 343109.0000 NOVAGOLD RES INC COM NEW COM 66987E206 9540 634700.0000 SH Sole 634700.0000 NVR Inc. COM 62944T105 69657 102474.0000 SH Sole 102474.0000 Nabors Industries LTD New (Ber COM G6359F103 125821 3769362.0000 SH Sole 3769362.0000 National RV Holdings COM 637277104 624 427400.0000 SH Sole 427400.0000 Novogen LTD COM 67010F103 2122 251710.0000 SH Sole 251710.0000 OPENTV CORP CL A COM G67543101 424 200000.0000 SH Sole 200000.0000 Patterson Energy Inc. COM 703481101 58786 2242899.0460 SH Sole 2242899.0460 Polaris Industries, Inc. COM 731068102 19016 351100.0000 SH Sole 351100.0000 RTI International Metals Inc. COM 74973W107 9169 121650.0000 SH Sole 121650.0000 Rush Enterprises CLA COM 781846209 4053 186605.0000 SH Sole 186605.0000 Rush Enterprises CLB COM 781846308 5926 283005.0000 SH Sole 283005.0000 Stanley Furniture Inc New COM 854305208 16598 808090.0000 SH Sole 808090.0000 Terex Corp Del COM 880779103 113591 1397184.0000 SH Sole 1397184.0000 Thor Industries Inc. COM 885160101 68450 1516384.0000 SH Sole 1516384.0000 Toll Brothers Inc. COM 889478103 43455 1739590.0000 SH Sole 1739590.0000 U S Bancorp Del New COM 902973304 478 14520.0000 SH Sole 14520.0000 United Technologies Corp. COM 913017109 424 5980.0000 SH Sole 5980.0000 UnitedHealth Group Inc. COM 91324P102 126242 2468563.1220 SH Sole 2468563.1220 WESCO INTERNATIONAL INC COM 95082P105 30237 500200.0000 SH Sole 500200.0000 Wal-Mart Stores COM 931142103 394 8192.0000 SH Sole 8192.0000 Washington Mutual Inc. COM 939322103 54692 1282652.0000 SH Sole 1282652.0000 Wells Fargo & Co. COM 949746101 216 6140.0000 SH Sole 6140.0000 Whirlpool Corp COM 963320106 100703 905600.0000 SH Sole 905600.0000 Winnebago Inds. Inc. COM 974637100 23431 793724.1950 SH Sole 793724.1950 Wyeth COM 983024100 410 7148.0000 SH Sole 7148.0000 YRC WORLDWIDE INC COM 984249102 2906 78974.0000 SH Sole 78974.0000 Muhlenkamp Fund 962096103 339 3733.6100 SH Sole 3733.6100