Refer to the SMA All-Cap Value Fact Sheet for the Top 20 Holdings and performance data as of the most recent quarter-end.
In this Muhlenkamp Memorandum:
Inflation appears to be here to stay. The US inflation rate in February (latest data available) as measured by year-over-year change in the Consumer Price Index (CPI) was 7.9% (up from 7% the end of December). Inflation measured this way has been above the Federal Reserve’s 2% target since March 2021…
U.S. Workers Are Owners: They Just Don’t Realize It
Today, through pension and retirement plans, U.S. workers, as a whole, are the owners of a major portion of the business assets of the United States. The 100 largest U.S. retirement funds have assets exceeding $8.2 trillion…
2022 SMArtX Virtual Award Winner
SMArtX Advisory Solutions presented the Muhlenkamp & Company All-Cap Value Strategy with the 2022 SMArtX Virtual Award for Balanced Strategy of the Year.