Muhlenkamp Fund
MUHLX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Managed Portfolio Series MA United States of America
- IPO Date
- Nov 1, 1988
- CIK
- 0001511699
- Website
- muhlenkamp.com
- Similar Companies
- Business
- Muhlenkamp Fund (MUHLX) is an open-end mutual fund that seeks to maximize total after-tax return to its shareholders through capital appreciation and income from dividends and interest, consistent with reasonable risk; it principally invests in a diversified portfolio of common stocks of companies of any capitalization determined by its investment adviser to be highly profitable yet undervalued, as measured by above-average return-on-equity and below-average price-to-earnings ratios; the Fund may also invest in exchange-traded funds (ETFs), securities of foreign issuers including American Depositary Receipts (ADRs), investment grade fixed income or debt securities of any maturity as stock substitutes when market conditions warrant, and up to 100% of its assets in cash equivalents or high-quality short-term debt securities for flexibility or defensive purposes. Muhlenkamp & Company, Inc., the Fund's investment adviser since inception, employs a disciplined, valuation-driven, bottom-up investment approach emphasizing undervalued assets across sectors such as metals and mining, oil and gas, trading companies, health care, and technology, with top holdings including Newmont Corp., EQT Corp., Agnico Eagle Mines Ltd., Rush Enterprises Inc., and Berkshire Hathaway Inc. Class B; the Fund targets individual and institutional investors, operates primarily in U.S. markets with exposure to non-U.S. equities and bonds, and maintains a gross expense ratio of 1.28% (net 1.24% after fee waiver). Founded in 1988 and advised by Muhlenkamp & Company, Inc., which was established in 1977 or 1978 and is headquartered at 5000 Stonewood Drive, Suite 300, Wexford, Pennsylvania, the Fund is distributed by Quasar Distributors, LLC, with transfer agency services provided by U.S. Bank Global Fund Services. In a significant recent development, Ron Muhlenkamp, the 83% owner of the Adviser, intends to transition substantially all of his ownership to Anthony Muhlenkamp and Jeffrey Muhlenkamp, triggering an automatic termination of the current investment advisory agreement under the Investment Company Act of 1940 due to a change in control; shareholders are scheduled to vote on approving a new investment advisory agreement at a special meeting expected in August 2025, with no material differences anticipated in fees, expenses, or operations, and the new agreement to become effective upon the ownership change. Jeffrey P. Muhlenkamp serves as lead portfolio manager since February 2019 (co-manager since November 2013), overseeing a portfolio with low turnover (9.30% in the most recent fiscal year) and assets under management of approximately $235 million as of late 2025.