13F-HR 1 q308.txt 09-30-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/08 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 November 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: 45 Form 13F Information Table Value Total: 813,736 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Amgen Inc. COM 031162100 23609 398333.0000 SH Sole 398333.0000 Berkshire Hathaway CL B COM 084670207 57693 13127.0000 SH Sole 13127.0000 Boeing Corp COM 097023105 26731 466110.0000 SH Sole 466110.0000 Caterpillar COM 149123101 21281 357060.0000 SH Sole 357060.0000 Cemex S A Sponsor ADR New Rep COM 151290889 32284 1874803.4666 SH Sole 1874803.4666 Cisco Systems Inc COM 17275R102 54618 2421017.0000 SH Sole 2421017.0000 ConocoPhillips COM 20825C104 31237 426449.0000 SH Sole 426449.0000 Corning Inc. COM 219350105 31502 2014164.0000 SH Sole 2014164.0000 DEVON ENERGY CORP NEW COM COM 25179M103 21857 239660.5650 SH Sole 239660.5650 Exxon Mobil Corp. COM 30231G102 628 8092.0000 SH Sole 8092.0000 FIDELITY NATL INFO SVC COM COM 31620M106 13696 741904.0000 SH Sole 741904.0000 GULFPORT ENERGY CORP COM NEW COM 402635304 2019 200850.0000 SH Sole 200850.0000 General Electric COM 369604103 30698 1203847.0000 SH Sole 1203847.0000 Goodyear Tire & Rubber COM 382550101 14212 928255.0000 SH Sole 928255.0000 HARRIS CORP DEL COM COM 413875105 28521 617346.0000 SH Sole 617346.0000 Harley Davidson Inc. COM 412822108 15717 421365.0000 SH Sole 421365.0000 Home Depot COM 437076102 1764 68139.3900 SH Sole 68139.3900 INNOVATIVE SOLTNS&SUPP COM COM 45769N105 2943 540000.0000 SH Sole 540000.0000 Intel Corp COM 458140100 300 16000.0000 SH Sole 16000.0000 International Business Machine COM 459200101 54873 469158.3785 SH Sole 469158.3785 KINETIC CONCEPTS INC COM 49460W208 19147 669705.0000 SH Sole 669705.0000 LENDER PROCESSING SVCS COM COM 52602E102 11358 372150.0000 SH Sole 372150.0000 Legg Mason Inc. COM 524901105 16379 430355.0000 SH Sole 430355.0000 MARSHALL EDWARDS INC COM COM 572322303 163 75607.0000 SH Sole 75607.0000 Microsoft Corp COM 594918104 404 15155.0000 SH Sole 15155.0000 Morgan Stanley COM 617446448 9200 400000.0000 SH Sole 400000.0000 NOVAGOLD RES INC COM NEW COM 66987E206 4132 634700.0000 SH Sole 634700.0000 NVR Inc. COM 62944T105 17171 30020.0000 SH Sole 30020.0000 National City Corp. COM 635405103 1271 726500.0000 SH Sole 726500.0000 Novogen LTD COM 67010F103 1359 251710.0000 SH Sole 251710.0000 Oracle Corp COM 68389X105 40947 2016090.0000 SH Sole 2016090.0000 P C CONNECTION COM COM 69318J100 401 60000.0000 SH Sole 60000.0000 PHILIP MORRIS INTL. INC. COM 718172109 52512 1091732.3650 SH Sole 1091732.3650 Rush Enterprises CLA COM 781846209 3583 279907.0000 SH Sole 279907.0000 Rush Enterprises CLB COM 781846308 1429 113757.0000 SH Sole 113757.0000 Stanley Furniture Inc New COM 854305208 6617 724720.0000 SH Sole 724720.0000 Terex Corp Del COM 880779103 19435 636791.0000 SH Sole 636791.0000 Thor Industries Inc. COM 885160101 14378 579304.0000 SH Sole 579304.0000 Transocean Inc. COM G90073100 36058 328275.0000 SH Sole 328275.0000 UnitedHealth Group Inc. COM 91324P102 47316 1863558.1220 SH Sole 1863558.1220 WESCO INTERNATIONAL INC COM 95082P105 19308 600000.0000 SH Sole 600000.0000 Wal-Mart Stores COM 931142103 462 7712.0000 SH Sole 7712.0000 Whirlpool Corp COM 963320106 15701 198022.0000 SH Sole 198022.0000 Muhlenkamp Fund 962096103 272 5482.2650 SH Sole 5482.2650 POWERSHARES DB OIL FUND PUTS 0 PUT dbo+ms 8550 15000 SH Sole 15000