Ronald Muhlenkamp Buys Cendant Corp., Embarq Corporation Common Stock, Goldman Sachs Group Inc., Sells Tyco International Ltd., Lennar Corp., PHH Corp.

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Aug 17, 2006
Ronald Muhlenkamp of The Muhlenkamp Fund buys Cendant Corp., Embarq Corporation Common Stock, Goldman Sachs Group Inc., OpenTV Corp., American Express Co., Chevron Corp., Mellon Financial Corp., Schlumberger Ltd., sells Tyco International Ltd., Lennar Corp., PHH Corp., Dollar Thrifty Automotive Grou, Procter & Gamble Co. during the 3-months ended 06/30/2006, according to the most recent filings of his investment company. Muhlenkamp Fund has lagged the market this, largely due to his holdings in homebuilders. These are the details of his most recent purchases and sales.