13F-HR 1 q307.txt 093007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/07 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 November 15, 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: 65 Form 13F Information Table Value Total: 2,326,873 (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 12897 335690.0000 SH Sole 335690.0000 AMR Corp. COM 001765106 3197 143445.0000 SH Sole 143445.0000 Allstate Insurance Grp. COM 020002101 67174 1174576.2730 SH Sole 1174576.2730 Altria Group Inc COM 02209S103 91314 1313296.5827 SH Sole 1313296.5827 American International Group COM 026874107 94072 1390563.0000 SH Sole 1390563.0000 Anadarko Petroleum Corp. COM 032511107 124208 2310840.0000 SH Sole 2310840.0000 BHP BILLITON LTD SPONSORED ADR COM 088606108 147179 1872510.0000 SH Sole 1872510.0000 Bank of America Corp COM 060505104 320 6373.4065 SH Sole 6373.4065 Berkshire Hathaway CL B COM 084670207 296 75.0000 SH Sole 75.0000 Boeing Corp COM 097023105 50832 484165.0000 SH Sole 484165.0000 Burlington Northern Santa Fe C COM 12189T104 732 9015.0000 SH Sole 9015.0000 Capital One Financial Corp. COM 14040H105 18708 281616.7350 SH Sole 281616.7350 Caterpillar COM 149123101 93122 1187324.0000 SH Sole 1187324.0000 Cemex S A Sponsor ADR New Rep COM 151290889 104036 3477146.7563 SH Sole 3477146.7563 ChevronTexaco Corp. COM 166764100 266 2845.0000 SH Sole 2845.0000 Cisco Systems Inc COM 17275R102 103784 3132647.0000 SH Sole 3132647.0000 Citigroup Inc. COM 172967101 98302 2106327.9242 SH Sole 2106327.9242 ConocoPhillips COM 20825C104 118234 1347089.8400 SH Sole 1347089.8400 Corning Inc. COM 219350105 50047 2030295.0000 SH Sole 2030295.0000 Countrywide Financial Corp. COM 222372104 58970 3102041.2951 SH Sole 3102041.2951 DEVON ENERGY CORP NEW COM COM 25179M103 130832 1572500.5650 SH Sole 1572500.5650 Dell Inc. COM 24702R101 272 9846.0000 SH Sole 9846.0000 Exxon Mobil Corp. COM 30231G102 1025 11071.0000 SH Sole 11071.0000 FIDELITY NATIONAL FINANCIAL-A COM 31620R105 19577 1119960.0000 SH Sole 1119960.0000 FIDELITY NATL INFO SVC COM COM 31620M106 39115 881559.0000 SH Sole 881559.0000 Fannie Mae COM 313586109 8247 135623.0000 SH Sole 135623.0000 General Electric COM 369604103 1402 33862.3032 SH Sole 33862.3032 Goldman Sachs Group Inc. COM 38141G104 3543 16345.0000 SH Sole 16345.0000 Goodyear Tire & Rubber COM 382550101 24533 806755.0000 SH Sole 806755.0000 Graco Inc. COM 384109104 8426 215439.0000 SH Sole 215439.0000 HARRIS CORP DEL COM COM 413875105 30896 534630.0000 SH Sole 534630.0000 Harley Davidson Inc. COM 412822108 19550 423065.0000 SH Sole 423065.0000 Home Depot COM 437076102 7678 236691.3900 SH Sole 236691.3900 INNOVATIVE SOLTNS&SUPP COM COM 45769N105 9231 486600.0000 SH Sole 486600.0000 Intel Corp COM 458140100 414 16000.0000 SH Sole 16000.0000 International Business Machine COM 459200101 17876 151748.3785 SH Sole 151748.3785 J.P. Morgan Chase & Co. COM 46625H100 276 6031.0000 SH Sole 6031.0000 KINETIC CONCEPTS INC COM 49460W208 25147 446820.0000 SH Sole 446820.0000 Lowes Companies Inc. COM 548661107 208 7420.0000 SH Sole 7420.0000 MARSHALL EDWARDS INC COM COM 572322303 236 75607.0000 SH Sole 75607.0000 Merrill Lynch COM 590188108 80289 1126382.5420 SH Sole 1126382.5420 Microsoft Corp COM 594918104 700 23776.1095 SH Sole 23776.1095 Morgan Stanley COM 617446448 20927 332176.0000 SH Sole 332176.0000 NOVAGOLD RES INC COM NEW COM 66987E206 10479 634700.0000 SH Sole 634700.0000 NVR Inc. COM 62944T105 23560 50100.0000 SH Sole 50100.0000 Nabors Industries LTD New (Ber COM G6359F103 105556 3430474.0000 SH Sole 3430474.0000 National RV Holdings COM 637277104 96 218970.0000 SH Sole 218970.0000 Novogen LTD COM 67010F103 2089 251710.0000 SH Sole 251710.0000 Rush Enterprises CLA COM 781846209 4730 186605.0000 SH Sole 186605.0000 Rush Enterprises CLB COM 781846308 6732 282505.0000 SH Sole 282505.0000 Stanley Furniture Inc New COM 854305208 13067 804130.0000 SH Sole 804130.0000 Terex Corp Del COM 880779103 121023 1359504.0000 SH Sole 1359504.0000 Thor Industries Inc. COM 885160101 66728 1483181.0000 SH Sole 1483181.0000 U S Bancorp Del New COM 902973304 465 14280.0000 SH Sole 14280.0000 United Technologies Corp. COM 913017109 443 5510.0000 SH Sole 5510.0000 UnitedHealth Group Inc. COM 91324P102 119229 2461873.1220 SH Sole 2461873.1220 WESCO INTERNATIONAL INC COM 95082P105 25781 600400.0000 SH Sole 600400.0000 Wal-Mart Stores COM 931142103 338 7745.0000 SH Sole 7745.0000 Washington Mutual Inc. COM 939322103 44565 1262117.0000 SH Sole 1262117.0000 Wells Fargo & Co. COM 949746101 202 5660.0000 SH Sole 5660.0000 Whirlpool Corp COM 963320106 79669 894156.0000 SH Sole 894156.0000 Winnebago Inds. Inc. COM 974637100 13165 551310.0000 SH Sole 551310.0000 Wyeth COM 983024100 305 6848.0000 SH Sole 6848.0000 Muhlenkamp Fund 962096103 319 3733.6100 SH Sole 3733.6100 Vanguard Health Care Fd Inv Sh 921908307 240 1565.5403 SH Sole 1565.5403