Ronald Muhlenkamp

Ronald Muhlenkamp

Last Update: 08-11-2017

Number of Stocks: 78
Number of New Stocks: 5

Total Value: $319 Mil
Q/Q Turnover: 3%

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 (%)
2016-3.711.96-15.7
2015-6.211.38-7.6
20140.6413.69-13.0
3-Year Cumulative-9.1 (-3.1%/year)29 (8.9%/year)-38.1 (-12%/year)
201334.4332.392.0
201212.5216-3.5
5-Year Cumulative37.5 (6.6%/year)98.2 (14.7%/year)-60.7 (-8.1%/year)
2011-4.742.11-6.8
20106.1415.06-8.9
200931.4926.465.0
2008-40.39-37-3.4
2007-9.665.49-15.1
10-Year Cumulative-1.6 (-0.2%/year)95.7 (6.9%/year)-97.3 (-7.1%/year)
20064.0815.79-11.7
20057.884.913.0
200424.5110.8813.6
200348.0728.6819.4
2002-19.92-22.12.2
15-Year Cumulative63.2 (3.3%/year)164.2 (6.7%/year)-101 (-3.4%/year)
20019.33-11.8921.2
200025.3-9.134.4
199911.421.04-9.6
19983.2228.58-25.4
199733.2833.36-0.1
20-Year Cumulative242.6 (6.4%/year)339.2 (7.7%/year)-96.6 (-1.3%/year)
199629.9622.967.0
199532.937.58-4.7
1994-7.21.32-8.5
199318.110.088.0
199215.87.628.2
25-Year Cumulative650.9 (8.4%/year)791.8 (9.1%/year)-140.9 (-0.7%/year)
199145.430.4714.9
1990-14.8-3.1-11.7
198912.531.69-19.2

Top Ranked Articles

Ronald Muhlenkamp Gains 4 New Holdings, Sells 2 Others Guru releases 4th-quarter portfolio
Ronald Muhlenkamp (Trades, Portfolio), the founder and portfolio manager of Muhlenkamp & Co. Inc., established four new holdings and exited two others in the final quarter of 2016. Read more...
Ronald Muhlenkamp Adds 7 New Stocks to Portfolio Guru’s largest investment was in media and entertainment company
Muhlenkamp & Co. Inc. founder Ronald Muhlenkamp (Trades, Portfolio) purchased seven new holdings in the first quarter. They are Twenty-First Century Fox Inc. (NASDAQ:FOXA), Dow Chemical Co. (NYSE:DOW), Microchip Technology Inc. (NASDAQ:MCHP), Cabot Oil & Gas Corp. (NYSE:COG), Eldorado Gold Corp. (NYSE:EGO), Ameriprise Financial Inc. (NYSE:AMP) and The Cooper Companies Inc. (NYSE:COO). Read more...
Oaktree Buys Bellatrix Exploration Firm acquires new energy holding
Oaktree Capital Management acquired a new holding in Bellatrix Exploration Ltd. (NYSE:BXE) on Oct. 4. Read more...
» More Ronald Muhlenkamp Articles

Commentaries and Stories

  • Currently 4.00/5

Rating: 4.0/5 (2 votes)

Spirit Airlines Is a Buy Again Priced just below where it was a year ago, the airline continues to demonstrate growth Robert Olstein, Ronald Muhlenkamp - Spirit Airlines Is A Buy Again
Out of the major airlines, Spirit Airlines Inc. (NASDAQ:SAVE) has the best return potential for investors. It is trading near a 52-week low because of cancelled flights in relation to a feud with pilots in May. Its union wanted a compensation package of $1.9 billion, which would have drastically raised Spirit’s costs over the next five years, while the company's counter was for $440 million over the same period. Both parties rejected the respective offers and remain in open contract negotiations. More...

AIRLINES, DELTA, SPIRIT, UNITED AIRLINES, AMERICAN AIRLINES


  • Currently 0.00/5

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Ronald Muhlenkamp Adds 7 New Stocks to Portfolio Guru’s largest investment was in media and entertainment company Ronald Muhlenkamp,Dodge & Cox,Daniel Loeb,Barrow H - Ronald Muhlenkamp Adds 7 New Stocks To Portfolio
Muhlenkamp & Co. Inc. founder Ronald Muhlenkamp (Trades, Portfolio) purchased seven new holdings in the first quarter. They are Twenty-First Century Fox Inc. (NASDAQ:FOXA), Dow Chemical Co. (NYSE:DOW), Microchip Technology Inc. (NASDAQ:MCHP), Cabot Oil & Gas Corp. (NYSE:COG), Eldorado Gold Corp. (NYSE:EGO), Ameriprise Financial Inc. (NYSE:AMP) and The Cooper Companies Inc. (NYSE:COO). More...

MUHLENKAMP, BUYS, 1Q, 2017


  • Currently 0.00/5

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Ronald Muhlenkamp Gains 4 New Holdings, Sells 2 Others Guru releases 4th-quarter portfolio Ronald Muhlenkamp,Chuck Royce,NWQ Managers,Jim Sim - Ronald Muhlenkamp Gains 4 New Holdings, Sells 2 Others
Ronald Muhlenkamp (Trades, Portfolio), the founder and portfolio manager of Muhlenkamp & Co. Inc., established four new holdings and exited two others in the final quarter of 2016. More...

MUHLENKAMP, BUYS, SELLS, 4Q


  • Currently 0.00/5

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Oaktree Buys Bellatrix Exploration Firm acquires new energy holding Howard Marks,Ronald Muhlenkamp,Jim Simons - Oaktree Buys Bellatrix Exploration
Oaktree Capital Management acquired a new holding in Bellatrix Exploration Ltd. (NYSE:BXE) on Oct. 4. More...

MARKS, OAKTREE, OIL, BUY


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Ronald Muhlenkamp Sells Allegiant, Microsoft, Apple Largest sales by investor during second quarter Jeff Ubben,Ronald Muhlenkamp - Ronald Muhlenkamp Sells Allegiant, Microsoft, Apple
Ronald Muhlenkamp (Trades, Portfolio) is the founder and president of Muhlenkamp & Company Inc. and portfolio manager for the company's self-named mutual fund (MUHLX). The following are his largest sales of the second quarter. More...

SELL, TECHNOLOGY, MUHLENKAMP


  • Currently 0.00/5

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Ronald Muhlenkamp Sells JPMorgan, Morgan Stanley Guru also sells LinkedIn, Delta Airlines in 1st quarter Ronald Muhlenkamp,Barrow Hanley Mewhinney & Straus - Ronald Muhlenkamp Sells JPMorgan, Morgan Stanley
Ronald Muhlenkamp (Trades, Portfolio) is a patient value investor and the founder and president of Muhlenkamp & Company Inc., and portfolio manager for the company's self-named mutual fund. During the first quarter he sold shares in the following stocks: More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Peter Lynch Targets Undervalued Airline Companies Gurus invest in hot airline industry David Dreman,Ronald Muhlenkamp,David Tepper - Peter Lynch Targets Undervalued Airline Companies
In early June, the Peter Lynch screen featured two airline companies, Allegiant Travel Co. (NASDAQ:ALGT) and Southwest Airlines Co. (NYSE:LUV), as two of the most undervalued companies based on their earnings lines. Due to potential upside in the airline industry, many gurus are increasing their positions in airline stocks. More...

  • Currently 0.00/5

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Ronald Muhlenkamp Sells Stakes in Medtronic and State Street Guru invests in ETF in 4th quarter Ronald Muhlenkamp - Ronald Muhlenkamp Sells Stakes In Medtronic And State Street
Ronald Muhlenkamp (Trades, Portfolio), founder and president of Muhlenkamp & Co. Inc. and portfolio manager for its mutual fund, acquired half a dozen new holdings in the fourth quarter, but his biggest transactions were divestitures. More...

  • 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


  • Currently 0.00/5

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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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Muhlenkamp Memorandum - July 2015
  • Currently 0.00/5

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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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