Ronald Muhlenkamp

Ronald Muhlenkamp

Last Update: 11-09-2015

Number of Stocks: 64
Number of New Stocks: 5

Total Value: $340 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ronald Muhlenkamp' s Profile & Performance

Profile

Ronald H. Muhlenkamp is the founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company's self-named mutual fund (MUHLX). Muhlenkamp is a patient value investor. The stocks in his portfolio stay an average of 10 years.

Web Page:http://www.muhlenkamp.com/

Investing Philosophy

He is a value guru who believes that over time, stock prices do reflect the values of the underlying businesses. When picking stocks, he looks for companies with solid balance sheets, and a return on equity capital (ROE) of 15% or better. Although his methods change with inflation and interest rates, he currently looks for companies with a P/E ratio lower than the companies’ ROE and expected growth rates. He focuses on the long-term "Business of Investing" because he thinks that it is more profitable and more reliable. As a long-term investor, his "normal" position is to be 100% invested in corporate stocks.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Muhlenkamp  Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20140.6413.69-13.0
201334.4332.392.0
201212.5216-3.5
3-Year Cumulative52.2 (15%/year)74.6 (20.4%/year)-22.4 (-5.4%/year)
2011-4.742.11-6.8
20106.1415.06-8.9
5-Year Cumulative53.9 (9%/year)105.1 (15.5%/year)-51.2 (-6.5%/year)
200931.4926.465.0
2008-40.39-37-3.4
2007-9.665.49-15.1
20064.0815.79-11.7
20057.884.913.0
10-Year Cumulative22.4 (2%/year)109.4 (7.7%/year)-87 (-5.7%/year)
200424.5110.8813.6
200348.0728.6819.4
2002-19.92-22.12.2
20019.33-11.8921.2
200025.3-9.134.4
15-Year Cumulative147.5 (6.2%/year)86.4 (4.2%/year)61.1 (2%/year)
199911.421.04-9.6
19983.2228.58-25.4
199733.2833.36-0.1
199629.9622.967.0
199532.937.58-4.7
20-Year Cumulative555.1 (9.9%/year)554.6 (9.8%/year)0.5 (0.1%/year)
1994-7.21.32-8.5
199318.110.088.0
199215.87.628.2
199145.430.4714.9
1990-14.8-3.1-11.7
25-Year Cumulative930 (9.8%/year)893.3 (9.6%/year)36.7 (0.2%/year)
198912.531.69-19.2

Top Ranked Articles

Muhlenkamp Bullish on Healthcare, Sees Limited Opportunities Elsewhere Ronald Muhlenkamp gives his market, investment insights at seminar
Muhlenkamp and Company hosted an investment seminar on Dec. 3, providing keen insights on where founder Ronald Muhlenkamp sees the economy, and by extension the stock markets, going next. Muhlenkamp, the portfolio manager for its namesake Muhlenkamp Fund, spoke for the first half of the seminar. His son and co-manager Jeff Muhlenkamp took over for the last half. Read more...
Ronald Muhlenkamp's Highest-Yielding Stocks JPMorgan and Teva Pharmaceutical top the list
Ronald Muhlenkamp is the founder and president of Muhlenkamp & Company Inc. and the portfolio manager for the company's mutual fund. His portfolio is composed of 64 stocks with a total value of $340 million. The following are the stocks in his portfolio with the highest growing yield. Read more...
Ronald Muhlenkamp Makes Small Changes in Composition of His Top 10 Stakes
Ronald Muhlenkamp (Trades, Portfolio), founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company's mutual fund, has a reputation for staying with stakes for a long time. In the second quarter, he may have laid the foundation for another reputation – making small adds and reductions to his top holdings. Read more...
Ronald Muhlenkamp Sells Seven Stakes in First Quarter
Value investor Ronald Muhlenkamp (Trades, Portfolio), founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company's self-named mutual fund (MUHLX), has a reputation for being patient, for being willing to give an investment time to pay off. Read more...
Ronald Muhlenkamp's Most Undervalued Stocks
Ronald Muhlenkamp (Trades, Portfolio) of Muhlenkamp & Co Inc looks to invest in stocks that are being sold at a discounted price and also have the potential to grow over an extended period of time. Read more...
» More Ronald Muhlenkamp Articles

Commentaries and Stories

  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Muhlenkamp Bullish on Healthcare, Sees Limited Opportunities Elsewhere Ronald Muhlenkamp gives his market, investment insights at seminar Ronald Muhlenkamp - Muhlenkamp Bullish On Healthcare, Sees Limited Opportunities Elsewhere
Muhlenkamp and Company hosted an investment seminar on Dec. 3, providing keen insights on where founder Ronald Muhlenkamp sees the economy, and by extension the stock markets, going next. Muhlenkamp, the portfolio manager for its namesake Muhlenkamp Fund, spoke for the first half of the seminar. His son and co-manager Jeff Muhlenkamp took over for the last half. More...

ECONOMY,MUHLENKAMP,STRATEGY


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Ronald Muhlenkamp's Highest-Yielding Stocks JPMorgan and Teva Pharmaceutical top the list Ronald Muhlenkamp - Ronald Muhlenkamp's Highest-Yielding Stocks
Ronald Muhlenkamp is the founder and president of Muhlenkamp & Company Inc. and the portfolio manager for the company's mutual fund. His portfolio is composed of 64 stocks with a total value of $340 million. The following are the stocks in his portfolio with the highest growing yield. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Monitoring Economies around the Globe - Muhlenkamp Memorandum Q3 Jeff talks about Japan’s quantitative easing, Greece’s debt problem, China’s growth challenges, more Ronald Muhlenkamp - Monitoring Economies Around The Globe - Muhlenkamp Memorandum Q3
During our August 27, 2015 conference call, Tony Muhlenkamp, President, and Jeff Muhlenkamp, Investment Analyst and Co-Manager, discussed what’s been going on this past quarter in the U.S. and abroad. More...

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Ronald Muhlenkamp Weighs In on Current Valuations in the Market It is easy to find good companies; it is hard to find good companies that are cheap Ronald Muhlenkamp - Ronald Muhlenkamp Weighs In On Current Valuations In The Market
Ronald Muhlenkamp isn't too worried about about the short-term market volatility. More...

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Ron Muhlenkamp Discusses Whether Interest Rates Will Rise The Fed can't solve the economy's problem, he said Ronald Muhlenkamp - Ron Muhlenkamp Discusses Whether Interest Rates Will Rise
Ron Muhlenkamp, founder of Muhlenkamp & Company, said last week that the Fed shouldn't worry about daily price movements in the market. He discussed rates with Art Cashin and Rick Santelli: More...

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Ronald Muhlenkamp Makes Small Changes in Composition of His Top 10 Stakes Ronald Muhlenkamp - Ronald Muhlenkamp Makes Small Changes In Composition Of His Top 10 Stakes
Ronald Muhlenkamp (Trades, Portfolio), founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company's mutual fund, has a reputation for staying with stakes for a long time. In the second quarter, he may have laid the foundation for another reputation – making small adds and reductions to his top holdings. More...

Ronald Muhlenkamp


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Rating: 0.0/5 (0 votes)

Muhlenkamp Memorandum - July 2015
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Muhlenkamp Funds Q2 2015 Quarterly Letter
Economic news and domestic equity markets have been pretty quiet since we last wrote to you in April. On the domestic economic front the revised numbers for 1st Quarter Gross Domestic Product (GDP) came in at -0.7%, significantly worse than most expected. A number of other economic indicators in April and May also came in somewhat lower than expected. Collectively, these­­ weak economic figures are likely the reason the Federal Reserve did not raise short-term interest rates in June, contrary to what it was indicating in March. More...

Ronald Muhlenkamp


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Ronald Muhlenkamp Sells Seven Stakes in First Quarter Ronald Muhlenkamp - Ronald Muhlenkamp Sells Seven Stakes In First Quarter
Value investor Ronald Muhlenkamp (Trades, Portfolio), founder and president of Muhlenkamp & Company, Inc., and portfolio manager for the company's self-named mutual fund (MUHLX), has a reputation for being patient, for being willing to give an investment time to pay off. More...

TELEVISION, CABLE, STOCKS


  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

Ronald Muhlenkamp's Most Undervalued Stocks Ronald Muhlenkamp - Ronald Muhlenkamp's Most Undervalued Stocks
Ronald Muhlenkamp (Trades, Portfolio) of Muhlenkamp & Co Inc looks to invest in stocks that are being sold at a discounted price and also have the potential to grow over an extended period of time. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Ron Muhlenkamp Second Quarter 2015 Memo
  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Ron Muhlenkamp April 2015 Quarterly Investor Letter
We’ll start with our views on the U.S. stock market, then briefly touch on some broader U.S. and global issues, then close with a summary of how it all ties together. More...

Ron Muhlenkamp


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Ron Muhlenkamp - First Quarter 2015 Letter
By Anthony Muhlenkamp, featured in Muhlenkamp Memorandum Issue #113 More...

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Ron Muhlenkamp - Fourth Quarter 2014 Letter
By Ron Muhlenkamp More...

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ADS: Earnings Keep Growing, But the Price Remains Range-Bound
You may not know the name, but this company likely knows you, or at least the details of your spending. It gathers all kinds of data about our buying, works with and makes sense of that information, and then passes it along to its clients. Those clients, in turn, can personalize the offers they make to us in retail and other arenas. More...

FINANCIAL, MARKETING, LONG


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Ronald Muhlenkamp Buys 5 New Stocks in Q4 Ronald Muhlenkamp - Ronald Muhlenkamp Buys 5 New Stocks In Q4
Ronald Muhlenkamp (Trades, Portfolio) founded Muhlenkamp & Company in 1977, which today remains a family owned and operated firm. Muhlenkamp is the portfolio manager of the Muhlenkamp Mutual Fund, with his son Jeffery as co-manager. More...

RONALD MUHLENKAMP


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5-year lows: Rex Energy Corp, Liquidity Service Inc, Petroquest Energy Inc, MVC Capital Inc.
According to GuruFocus' list of 5-year lows, these Guru stocks have reached their 5-year lows: Rex Energy Corp, Liquidity Service Inc, Petroquest Energy Inc, MVC Capital Inc. More...

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Ron Muhlenkamp - Third Quarter Letter 2014
Ron Muhlenkamp More...

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Ron Muhlenkamp - Second Quarter Letter 2014
Ron Muhlenkamp More...

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Annual Letter from Ron Muhlenkamp 2013
January 6, 2014 More...

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