13F-HR 1 q208.txt 06-30-2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/08 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, 2008 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: 51 Form 13F Information Table Value Total: 1,235,989 (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 21102 418525.0000 SH Sole 418525.0000 Amgen Inc. COM 031162100 24705 523853.0000 SH Sole 523853.0000 Anadarko Petroleum Corp. COM 032511107 38213 510600.0000 SH Sole 510600.0000 BHP BILLITON LTD SPONSORED ADR COM 088606108 55988 657216.0000 SH Sole 657216.0000 Berkshire Hathaway CL B COM 084670207 53877 13429.0000 SH Sole 13429.0000 Boeing Corp COM 097023105 40525 616635.0000 SH Sole 616635.0000 Burlington Northern Santa Fe C COM 12189T104 739 7400.0000 SH Sole 7400.0000 Caterpillar COM 149123101 70714 957922.0000 SH Sole 957922.0000 Cemex S A Sponsor ADR New Rep COM 151290889 46819 1895500.9159 SH Sole 1895500.9159 Cisco Systems Inc COM 17275R102 69371 2982432.0000 SH Sole 2982432.0000 ConocoPhillips COM 20825C104 41058 434979.0000 SH Sole 434979.0000 Corning Inc. COM 219350105 47586 2064449.0000 SH Sole 2064449.0000 DEVON ENERGY CORP NEW COM COM 25179M103 79984 665647.5650 SH Sole 665647.5650 Exxon Mobil Corp. COM 30231G102 897 10179.0000 SH Sole 10179.0000 FIDELITY NATL INFO SVC COM COM 31620M106 27536 746036.0000 SH Sole 746036.0000 GULFPORT ENERGY CORP COM NEW COM 402635304 3308 200850.0000 SH Sole 200850.0000 General Electric COM 369604103 19211 719787.3032 SH Sole 719787.3032 Goodyear Tire & Rubber COM 382550101 16964 951405.0000 SH Sole 951405.0000 Graco Inc. COM 384109104 4062 106707.0000 SH Sole 106707.0000 HARRIS CORP DEL COM COM 413875105 32709 647829.0000 SH Sole 647829.0000 Harley Davidson Inc. COM 412822108 15312 422295.0000 SH Sole 422295.0000 Home Depot COM 437076102 1786 76249.3900 SH Sole 76249.3900 INNOVATIVE SOLTNS&SUPP COM COM 45769N105 4205 652000.0000 SH Sole 652000.0000 Intel Corp COM 458140100 344 16000.0000 SH Sole 16000.0000 International Business Machine COM 459200101 68817 580588.3785 SH Sole 580588.3785 KINETIC CONCEPTS INC COM 49460W208 27151 680300.0000 SH Sole 680300.0000 Legg Mason Inc. COM 524901105 19341 443895.0000 SH Sole 443895.0000 MARSHALL EDWARDS INC COM COM 572322303 194 75607.0000 SH Sole 75607.0000 Microsoft Corp COM 594918104 453 16461.1095 SH Sole 16461.1095 NOVAGOLD RES INC COM NEW COM 66987E206 4729 634700.0000 SH Sole 634700.0000 NVR Inc. COM 62944T105 20021 40035.0000 SH Sole 40035.0000 Nabors Industries LTD New (Ber COM G6359F103 6316 128289.0000 SH Sole 128289.0000 Novogen LTD COM 67010F103 1445 251710.0000 SH Sole 251710.0000 Oracle Corp COM 68389X105 44048 2097525.0000 SH Sole 2097525.0000 PHILIP MORRIS INTL. INC. COM 718172109 54097 1095303.3650 SH Sole 1095303.3650 Rush Enterprises CLA COM 781846209 3362 279907.5000 SH Sole 279907.5000 Rush Enterprises CLB COM 781846308 2430 223757.5000 SH Sole 223757.5000 Stanley Furniture Inc New COM 854305208 7901 731600.0000 SH Sole 731600.0000 Terex Corp Del COM 880779103 56753 1104794.0000 SH Sole 1104794.0000 Thor Industries Inc. COM 885160101 23660 1112895.0000 SH Sole 1112895.0000 Transocean Inc. COM G90073100 50855 333715.0000 SH Sole 333715.0000 United Technologies Corp. COM 913017109 357 5790.0000 SH Sole 5790.0000 UnitedHealth Group Inc. COM 91324P102 49359 1880360.1220 SH Sole 1880360.1220 WESCO INTERNATIONAL INC COM 95082P105 32231 804970.0000 SH Sole 804970.0000 Wal-Mart Stores COM 931142103 433 7712.0000 SH Sole 7712.0000 Washington Mutual Inc. COM 939322103 4994 1013062.0000 SH Sole 1013062.0000 Whirlpool Corp COM 963320106 33531 543190.0000 SH Sole 543190.0000 Wyeth COM 983024100 234 4873.0000 SH Sole 4873.0000 Muhlenkamp Fund 962096103 301 5482.2650 SH Sole 5482.2650 ISHARES RUSSELL 1000 GROWTH 464287614 460 8327.0000 SH Sole 8327.0000 POWERSHARES DB OIL FUND PUTS 0 PUT dbo+ms 5500 20000 SH Sole 20000