Ronald Muhlenkamp

Ronald Muhlenkamp

Muhlenkamp & Co Inc
Last update 2020-08-20 31 Stocks (2 new)
Value $187.00 Mil Turnover 11 %
Guru Portfolio Report Download

Ronald Muhlenkamp 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.

Ronald Muhlenkamp 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.
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Performance of Muhlenkamp  Fund

Year Return % S&P500 % Excess Gain %
2019 14.39 30.58 -16.2
2018 -13.29 -4.57 -8.7
2017 18.77 21.7 -2.9
3-Year Cumulative (2017-2019) 17.81 (5.61/Year) 51.65 (14.89/Year) -33.84 (-9.28/Year)
2016 -3.7 12 -15.7
2015 -6.21 1.24 -7.5
5-Year Cumulative (2015-2019) 6.40 (1.25/Year) 71.96 (11.45/Year) -65.54 (-10.20/Year)
2014 0.64 13.46 -12.8
2013 34.43 32.31 2.1
2012 12.52 15.99 -3.5
2011 -4.74 1.9 -6.6
2010 6.14 15.05 -8.9
10-Year Cumulative (2010-2019) 63.77 (5.06/Year) 251.03 (13.38/Year) -187.26 (-8.32/Year)
2009 31.49 26.35 5.1
2008 -40.39 -36.79 -3.6
2007 -9.66 5.15 -14.8
2006 4.08 15.84 -11.8
2005 7.88 4.83 3.1
15-Year Cumulative (2005-2019) 30.21 (1.78/Year) 257.98 (8.87/Year) -227.77 (-7.07/Year)
2004 24.51 10.7 13.8
2003 48.07 28.18 19.9
2002 -19.92 -21.58 1.7
2001 9.33 -11.76 21.1
2000 25.3 -9.75 35
20-Year Cumulative (2000-2019) 163.34 (4.96/Year) 217.22 (5.94/Year) -53.86 (-0.98/Year)
1999 11.4 20.38 -9
1998 3.22 28.69 -25.5
1997 33.28 33.49 -0.2
1996 29.96 22.5 7.5
1995 32.9 38.06 -5.2
25-Year Cumulative (1995-2019) 597.06 (8.08/Year) 1009.46 (10.10/Year) -412.40 (-2.00/Year)
1994 -7.2 0.38 -7.6
1993 18.1 10.08 8
1992 15.8 7.62 8.2
1991 45.4 30.47 14.9
1990 -14.8 -3.1 -11.7
30-Year Cumulative (1990-2019) 995.92 (8.31/Year) 1568.00 (9.83/Year) -572.08 (-1.50/Year)
1989 12.5 31.69 -19.2

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