13F-HR 1 q408.txt 12-31-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/08 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 February 13, 2009 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: 49 Form 13F Information Table Value Total: 631012 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579Y101 26097 453550.0000 SH Sole 453550.0000 Bank of America Corp COM 060505104 16762 1190465.0000 SH Sole 1190465.0000 Berkshire Hathaway CL B COM 084670207 41171 12810.0000 SH Sole 12810.0000 Boeing Corp COM 097023105 6505 152450.0000 SH Sole 152450.0000 CHESAPEAKE ENERGY CORP COM COM 165167107 18751 1159600.0000 SH Sole 1159600.0000 CONSOL ENERGY INC COM COM 20854P109 20340 711690.0000 SH Sole 711690.0000 Caterpillar COM 149123101 16123 360930.0000 SH Sole 360930.0000 Cemex S A Sponsor ADR New Rep COM 151290889 16724 1829789.4666 SH Sole 1829789.4666 Cisco Systems Inc COM 17275R102 35200 2159507.0000 SH Sole 2159507.0000 ConocoPhillips COM 20825C104 23416 452046.0000 SH Sole 452046.0000 Corning Inc. COM 219350105 2852 299227.0000 SH Sole 299227.0000 Eaton Corp COM 278058102 15550 312815.0000 SH Sole 312815.0000 Exxon Mobil Corp. COM 30231G102 646 8092.0000 SH Sole 8092.0000 FIDELITY NATL INFO SVC COM COM 31620M106 6960 427791.0000 SH Sole 427791.0000 General Electric COM 369604103 24787 1530077.0000 SH Sole 1530077.0000 Goodyear Tire & Rubber COM 382550101 5552 930005.0000 SH Sole 930005.0000 HARRIS CORP DEL COM COM 413875105 22279 585518.0000 SH Sole 585518.0000 HOLOGIC INC COM 436440101 3960 302995.0000 SH Sole 302995.0000 Harley Davidson Inc. COM 412822108 351 20705.0000 SH Sole 20705.0000 Home Depot COM 437076102 1456 63245.0000 SH Sole 63245.0000 INNOVATIVE SOLTNS&SUPP COM COM 45769N105 2133 540000.0000 SH Sole 540000.0000 Intel Corp COM 458140100 6464 440935.0000 SH Sole 440935.0000 International Business Machine COM 459200101 38419 456498.3785 SH Sole 456498.3785 KINETIC CONCEPTS INC COM 49460W208 16128 840850.0000 SH Sole 840850.0000 LENDER PROCESSING SVCS COM COM 52602E102 10752 365097.0000 SH Sole 365097.0000 Legg Mason Inc. COM 524901105 17592 802940.0000 SH Sole 802940.0000 MANITOWOC INC COM COM 563571108 95 10960.0000 SH Sole 10960.0000 MARSHALL EDWARDS INC COM COM 572322303 53 75607.0000 SH Sole 75607.0000 MASTERCARD INC CL A COM 57636Q104 2403 16815.0000 SH Sole 16815.0000 Microsoft Corp COM 594918104 316 16260.0000 SH Sole 16260.0000 NVR Inc. COM 62944T105 13697 30020.0000 SH Sole 30020.0000 Novogen LTD COM 67010F103 627 251710.0000 SH Sole 251710.0000 Oracle Corp COM 68389X105 34355 1937655.0000 SH Sole 1937655.0000 P C CONNECTION COM COM 69318J100 307 60000.0000 SH Sole 60000.0000 PHILIP MORRIS INTL. INC. COM 718172109 43006 988412.3650 SH Sole 988412.3650 RTI International Metals Inc. COM 74973W107 5065 353925.0000 SH Sole 353925.0000 Rush Enterprises CLA COM 781846209 2570 299907.0000 SH Sole 299907.0000 Rush Enterprises CLB COM 781846308 263 32157.0000 SH Sole 32157.0000 Stanley Furniture Inc New COM 854305208 5669 717600.0000 SH Sole 717600.0000 State Street Boston COM 857477103 18728 476180.0000 SH Sole 476180.0000 Terex Corp Del COM 880779103 15887 917270.0000 SH Sole 917270.0000 Thor Industries Inc. COM 885160101 2565 194595.0000 SH Sole 194595.0000 Transocean LTD COM H8817H100 7515 159056.0000 SH Sole 159056.0000 UnitedHealth Group Inc. COM 91324P102 42019 1579648.0000 SH Sole 1579648.0000 WESCO INTERNATIONAL INC COM 95082P105 17624 916490.0000 SH Sole 916490.0000 Wal-Mart Stores COM 931142103 432 7712.0000 SH Sole 7712.0000 Zimmer Holdings Inc. COM 98956P102 7993 197760.0000 SH Sole 197760.0000 Muhlenkamp Fund 962096103 212 5503.2510 SH Sole 5503.2510 POWERSHARES QQQ 73935A104 12640 425000.0000 SH Sole 425000.0000