# Muhlenkamp & Co Inc

> Muhlenkamp & Co Inc is an SEC-registered investment advisory firm in Wexford, PA, registered since 1981, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated December 19, 2025.

- CRD: 110787
- Filed as: MUHLENKAMP & CO INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wexford, PA
- Filing period: October 2026
- Form ADV filing dated: December 19, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110787
- AdvisorCensus page: https://advisorcensus.com/firm/muhlenkamp-and-co-inc-wexford-pa-110787

## Quick answers

**How is Muhlenkamp & Co Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Muhlenkamp & Co Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges.

**Where is Muhlenkamp & Co Inc located?**
Muhlenkamp & Co Inc's principal office is in Wexford, PA, according to its Form ADV.

**Is Muhlenkamp & Co Inc registered with the SEC or a state?**
Muhlenkamp & Co Inc is an SEC-registered investment advisory firm, registered since 1981. Status as filed: Approved. CRD 110787.

**How much does Muhlenkamp & Co Inc manage?**
Muhlenkamp & Co Inc reports $435,829,498 in regulatory assets under management in its Form ADV filing dated December 19, 2025 (100% discretionary).

**How have Muhlenkamp & Co Inc's assets and staff changed since 2021?**
In the Form ADV data for Muhlenkamp & Co Inc: Regulatory assets under management: $231,106,045 in the October 2021 data and $435,829,498 in the October 2026 data, up 89%. Total employees: 7 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Muhlenkamp & Co Inc serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (31); high net worth individuals (29); charitable organizations (4).

**Which custodians does Muhlenkamp & Co Inc use?**
Muhlenkamp & Co Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Muhlenkamp & Co Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110787

**What changed in Muhlenkamp & Co Inc's recent Form ADV filings?**
In the December 2025 filing data: Employees performing advisory functions went from 2 to 1.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $435,829,498
- Discretionary: $435,829,498
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 31 | $17,797,540 |
| High net worth individuals | 29 | $154,210,261 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 1 | $253,582,806 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $345,855 |
| Charitable organizations | 4 | $6,157,081 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 1 | $2,800,638 |
| Other | 2 | $935,317 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 1981 (44 years)
- Employees: 6 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: OH, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- muhlenkamp.com
- vimeo.com/MUHLENKAMP
- ybwealthy.com
- Facebook @MUHLENKAMPANDCOMPANY
- Facebook @ybwealthy
- Instagram @ybwealthy
- LinkedIn @MUHLENKAMP-&-COMPANY
- TikTok @ybwealthy
- YouTube @YBWealthy

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $231,106,045 | 7 | December 11, 2020 |
| October 2022 | $291,369,505 | 6 | January 3, 2022 |
| October 2023 | $375,408,172 | 6 | December 8, 2022 |
| October 2024 | $344,798,279 | 6 | December 13, 2023 |
| October 2025 | $412,018,329 | 6 | July 7, 2025 |
| October 2026 | $435,829,498 | 6 | December 19, 2025 |

Regulatory assets under management: $231,106,045 in the October 2021 data and $435,829,498 in the October 2026 data, up 89%.
Total employees: 7 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Employees performing advisory functions went from 2 to 1.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Muhlenkamp & Co Inc (CRD 110787): Form ADV filing data as of October 2026.