# Muhlenkamp & Company portfolio: Q2 2026 13F holdings

Jeff Muhlenkamp’s Muhlenkamp & Company: $345m in 27 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Muhlenkamp & Company held 27 US-listed stocks worth $345m. Its biggest move was selling all of its Mastec (3.6% the quarter before), followed by selling all of its Ea Series Trust (3.4% the quarter before). It started 1 new position and sold out of 2. Its largest holding is Rush Enterprises at 7.2%.

13F for the quarter ending 2026-06-30, filed 2026-08-18 ([filing](https://www.sec.gov/Archives/edgar/data/1133219/000113321926000003/0001133219-26-000003-index.htm)). $345m in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Rush Enterprises (RUSHA) | $25.0m | 7.2% | Added +0.1% | 5.9% |
| Newmont (NEM) | $21.6m | 6.3% | Trimmed 0.0% | 6.6% |
| Agnico Eagle Mines (AEM) | $21.5m | 6.2% | Trimmed 0.0% | 7.4% |
| EQT (EQT) | $21.4m | 6.2% | Added +0.2% | 6.7% |
| Mckesson (MCK) | $20.6m | 6.0% | Added +0.1% | 6.2% |
| Berkshire Hathaway (BRK.B) | $19.3m | 5.6% | Added +0.4% | 4.8% |
| Microchip Technology (MCHP) | $18.5m | 5.4% | Added +0.1% | 3.5% |
| Apple (AAPL) | $18.0m | 5.2% | Trimmed -0.7% | 4.2% |
| United Rentals (URI) | $17.8m | 5.1% | Added +0.4% | 3.0% |
| Royal Gold (RGLD) | $17.6m | 5.1% | Added +0.2% | 5.9% |
| Wabtec (WAB) | $17.0m | 4.9% | Added 0.0% | 4.2% |
| BGC Group (BGC) | $15.5m | 4.5% | Added +0.2% | 3.7% |
| NMI Holdings (NMIH) | $15.1m | 4.4% | Added +0.6% | 3.6% |
| Schlumberger (SLB) | $15.1m | 4.4% | Added +0.5% | 4.4% |
| Microsoft (MSFT) | $12.2m | 3.5% | Trimmed -0.5% | 3.2% |
| Icon (ICLR) | $11.5m | 3.3% | Added +0.5% | 1.9% |
| Taylor Morrison Home (TMHC) | $11.4m | 3.3% | Added 0.0% | 2.4% |
| LyondellBasell Industries (LYB) | $9.9m | 2.9% | Added +0.4% | 4.0% |
| Celanese (CE) | $9.8m | 2.8% | Added +0.6% | 3.6% |
| Spdr Gold Trust (GLD) | $8.1m | 2.4% | Trimmed -0.1% | 2.5% |
| Alps Etf Tr (AMLP) | $7.8m | 2.3% | Unchanged | 2.1% |
| Equinox Gold (EQX) | $5.1m | 1.5% | Added +0.6% | 2.0% |
| Travelers Companies (TRV) | $2.2m | 0.6% | Unchanged | 0.5% |
| Ge Vernova (GEV) | $1.7m | 0.5% | Unchanged | 0.3% |
| Enterprise Products Partners (EPD) | $914k | 0.3% | Unchanged | 0.3% |
| Ishares Silver Trust (SLV) | $671k | 0.2% | New | – |
| Exxon Mobil (EXMOC) | $224k | 0.1% | Unchanged | 0.1% |
| Mastec (MTZ) | – | – | Sold out | 3.6% |
| Ea Series Trust (BOXX) | – | – | Sold out | 3.4% |

## Muhlenkamp Fund (as at 2026-06-30)

| Company | Country | Fund weight | Change |
| --- | --- | --- | --- |
| Rush Enterprises (RUSHA) | US | 6.7% | Unchanged |
| Newmont (NEM) | US | 5.3% | Unchanged |
| EQT (EQT) | US | 5.0% | Trimmed -16% |
| Agnico Eagle Mines (AEM) | CA | 4.8% | Unchanged |
| Berkshire Hathaway (BRK.B) | US | 4.8% | Unchanged |
| McKesson (MCK) | US | 4.8% | Unchanged |
| Royal Gold (RGLD) | US | 4.7% | Unchanged |
| Microchip Technology (MCHP) | US | 4.2% | Unchanged |
| United Rentals (URI) | US | 4.1% | Unchanged |
| Apple (AAPL) | US | 4.0% | Unchanged |
| Westinghouse Air Brake Technol (WAB) | US | 3.9% | Unchanged |
| Schlumberger (SLB) | US | 3.6% | Unchanged |
| BGC Group (BGC) | US | 3.5% | Unchanged |
| NMI Holdings (NMIH) | US | 3.4% | Unchanged |
| Alerian MLP ETF (AMLP) | US | 3.0% | Unchanged |
| Icon (ICLR) | IE | 2.9% | Unchanged |
| Microsoft (MSFT) | US | 2.9% | Unchanged |
| Taylor Morrison Home | US | 2.5% | Unchanged |
| LyondellBasell Industries (LYB) | US | 2.2% | Unchanged |
| Celanese (CE) | US | 2.1% | Unchanged |
| Equinox Gold (EQX) | CA | 1.1% | Unchanged |
| null |  | – | Sold out |
| null |  | – | Sold out |
| null |  | – | Sold out |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/muhlenkamp-company). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.