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Miller Value Partners, LLC Bill Miller

Sarasota, FL 21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $423M
  • 56 holdings
  • 2026 Q2
  • +10.4% QoQ
  • Top 5 32.1%

Portfolio

2026 Q2, filed 8/14/2026, top 12 of 56 holdings

Top 5 32.1%, top 10 52.9%

  1. NBR, Nabors Industries 8.8%
  2. GTN, Gray Media 6.8%
  3. SPUU, Direxion Shares ETF Trust 5.8%
  4. BLMN, Bloomin Brands 5.6%
  5. QUAD, Quad / Graphics 5.1%
  6. LNC, Lincoln National Corporation Ind 5.0%
  7. CRGY, Crescent Energy 4.9%
  8. CNDT, Conduent 4.5%
  9. BFH, Bread Financial 3.4%
  10. UPS 3.0%
  11. DCH, Dauch 2.9%
  12. GCI, USA Today 2.8%
  13. Other 41.4%

AUM over time

2026 Q2 $423M +10.4% QoQ
2021 Q3: $4.3B 2021 Q3: $4.3B
Q3 2021
2021 Q4: $3.7B, −15.3% QoQ 2021 Q4: $3.7B, −15.3% QoQ
Q4
2022 Q1: $3.1B, −14.9% QoQ 2022 Q1: $3.1B, −14.9% QoQ
Q1 2022
2022 Q2: $2B, −36.6% QoQ 2022 Q2: $2B, −36.6% QoQ
Q2
2022 Q3: $1.6B, −16.4% QoQ 2022 Q3: $1.6B, −16.4% QoQ
Q3
2022 Q4: $1.6B, −5.8% QoQ 2022 Q4: $1.6B, −5.8% QoQ
Q4
2023 Q1: $1.6B, +3.2% QoQ 2023 Q1: $1.6B, +3.2% QoQ
Q1 2023
2023 Q2: $152M, −90.5% QoQ 2023 Q2: $152M, −90.5% QoQ
Q2
2023 Q3: $159M, +4.6% QoQ 2023 Q3: $159M, +4.6% QoQ
Q3
2023 Q4: $168M, +5.7% QoQ 2023 Q4: $168M, +5.7% QoQ
Q4
2024 Q1: $156M, −7.1% QoQ 2024 Q1: $156M, −7.1% QoQ
Q1 2024
2024 Q2: $157M, +0.6% QoQ 2024 Q2: $157M, +0.6% QoQ
Q2
2024 Q3: $177M, +12.7% QoQ 2024 Q3: $177M, +12.7% QoQ
Q3
2024 Q4: $234M, +32.2% QoQ 2024 Q4: $234M, +32.2% QoQ
Q4
2025 Q1: $219M, −6.4% QoQ 2025 Q1: $219M, −6.4% QoQ
Q1 2025
2025 Q2: $236M, +7.8% QoQ 2025 Q2: $236M, +7.8% QoQ
Q2
2025 Q3: $272M, +15.3% QoQ 2025 Q3: $272M, +15.3% QoQ
Q3
2025 Q4: $284M, +4.4% QoQ 2025 Q4: $284M, +4.4% QoQ
Q4
2026 Q1: $383M, +34.9% QoQ 2026 Q1: $383M, +34.9% QoQ
Q1 2026
2026 Q2: $423M, +10.4% QoQ 2026 Q2: $423M, +10.4% QoQ
Q2

Book

2023 Q2 2023 Q1, filed 14 Aug, long equity only

Download CSV Download Excel All activity
Proshares Trust 5.83% Hold 186,950 $47.38 $8.9M — —
STLA, Stellantis 5.72% New 496,000 $17.54 $8.7M +496,000 +$8.7M
VTRS, Viatris 5.42% Reduce −6.6% 825,500 $9.98 $8.2M −58,000 −$261K
OMF, Onemain 5.22% Reduce −91.3% 181,700 $43.69 $7.9M −1,900,368 −$69M
CTO, Cto Realty Growth 4.93%, was 0.44% Add +6.1% 436,900 $17.14 $7.5M +25,000 +$379K
Chicos Fas 4.81%, was 0.47% Add +0.9% 1,368,107 $5.35 $7.3M +12,185 −$138K
WST, Western Alliance Bancorp 4.39%, was 0.13% Add +213.5% 183,109 $36.47 $6.7M +124,709 +$4.6M
JXN, Jackson Financial 4.33%, was 0.49% Add +2.8% 215,050 $30.61 $6.6M +5,825 −$1.2M
BKE, Buckle 4.32% Reduce −2.7% 189,700 $34.60 $6.6M −5,300 −$396K
RILY, B. Riley Financial 4.00% Hold 132,300 $45.98 $6.1M — —
MPT, Medical Properties Trust 4.00% Reduce −4.5% 656,000 $9.26 $6.1M −31,000 +$427K
QUAD, Quad / Graphics 3.97%, was 0.41% Add +6.0% 1,603,975 $3.76 $6M +91,125 −$459K
GCI, Gannett 3.74%, was 0.27% Add +8.4% 2,527,375 $2.25 $5.7M +196,100 +$1.3M
M 3.17% Reduce −3.7% 103,000 $46.77 $4.8M −4,000 +$658K
NBR, Nabors Industries 3.06%, was 0.33% Add +15.3% 50,006 $93.03 $4.7M +6,620 −$637K
OGN, Organon 3.04% Reduce −3.5% 222,000 $20.81 $4.6M −8,000 −$790K
Medifast 2.72% Hold 44,800 $92.16 $4.1M — —
ARLP 2.64% Reduce −25.9% 217,000 $18.49 $4M −76,000 −$1.9M
DCH 2.11%, was 0.18% Add +3.6% 388,600 $8.27 $3.2M +13,675 +$286K
Geo Group 1.80% Hold 383,000 $7.16 $2.7M — —
TPC, Tutor Perini 1.78%, was 0.14% Add +7.3% 378,572 $7.15 $2.7M +25,757 +$530K
EXE, Chesapeake Energy 1.61%, was 2.25% Reduce −93.8% 29,200 $83.68 $2.4M −443,789 −$34M
T, AT&T 1.57% New 150,000 $15.95 $2.4M +150,000 +$2.4M
BLDR, Builders FirstSource 1.52% Reduce −20.9% 17,000 $136.00 $2.3M −4,500 +$403K
CWH, Camping World 1.33% Hold 67,000 $30.10 $2M — —
CROX, Crocs 1.22%, was 0.11% Add +22.2% 16,500 $112.44 $1.9M +3,000 +$148K
VALE, Vale SA 1.02% Reduce −70.5% 115,001 $13.42 $1.5M −275,000 −$4.6M
CNDT, Conduent 0.93%, was 0.08% Add +14.8% 415,100 $3.40 $1.4M +53,550 +$171K
GTN, Gray Television 0.92% New 177,390 $7.88 $1.4M +177,390 +$1.4M
ABNB, Airbnb 0.80% Hold 9,500 $128.16 $1.2M — —
BZH, Beazer Homes USA 0.65% Reduce −30.0% 35,000 $28.29 $990K −15,000 +$196K
MBC, Masterbrand 0.65%, was 0.02% Add +112.5% 85,000 $11.63 $989K +45,000 +$667K
BFH, Bread Financial 0.53% New 25,725 $31.39 $808K +25,725 +$808K
ATKR, Atkore 0.51% Hold 5,000 $155.94 $780K — —
FTI, Technipfmc 0.50% Reduce −69.1% 45,610 $16.62 $758K −101,935 −$1.3M
TEVA, Teva Pharmaceutical Industries 0.41%, was 2.17% Reduce −97.9% 82,137 $7.53 $618K −3,847,647 −$34M
LAD, Lithia Motors 0.40%, was 0.01% Add +100.0% 2,000 $304.11 $608K +1,000 +$379K
MTCH, Match Group 0.39% Hold 14,000 $41.85 $586K — —
Pitney Bowes 0.38% Reduce −43.8% 164,304 $3.54 $582K −127,880 −$555K
Rci Hospitality 0.30%, was 0.02% Add +22.0% 6,100 $75.99 $464K +1,100 +$73K
PRDO, Perdoceo Ed 0.28% Hold 35,000 $12.27 $429K — —
LYB, Lyondellbasell Industries 0.27% Hold 4,500 $91.83 $413K — —
Holding 0.23% Hold 10,000 $35.65 $357K — —
Holding 0.23% Reduce −58.3% 25,000 $14.24 $356K −35,000 −$366K
CLF, Cleveland-Cliffs 0.13%, was 2.02% Reduce −99.3% 12,098 $16.76 $203K −1,756,094 −$32M

Exits / last held

Gone since 2023 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
EXPE, Expedia 4.72% Exit 0 $97.03 $75M −778,059 −$75M
AMZN, Amazon 4.48% Exit 0 $103.29 $72M −694,966 −$72M
TMHC, Taylor Morrison Home 4.00% Exit 0 $38.26 $64M −1,673,110 −$64M
GOOGL, Alphabet 3.88% Exit 0 $103.73 $62M −598,779 −$62M
ET, Energy Transfer 3.86% Exit 0 $12.47 $62M −4,951,231 −$62M
META, Meta Platforms 3.82% Exit 0 $211.94 $61M −288,714 −$61M
MAT, Mattel 3.76% Exit 0 $18.41 $60M −3,271,319 −$60M
DAL, Delta Air Lines 3.62% Exit 0 $34.92 $58M −1,661,680 −$58M
BABA, Alibaba 3.36% Exit 0 $102.18 $54M −526,847 −$54M
C, Citigroup 3.22% Exit 0 $46.89 $52M −1,099,482 −$52M
OVV, Ovintiv 2.99% Exit 0 $36.08 $48M −1,326,541 −$48M
NCLH, Norwegian Cruise 2.98% Exit 0 $13.45 $48M −3,547,135 −$48M
GM, General Motors 2.79% Exit 0 $36.68 $45M −1,218,742 −$45M
GOOS, Canada Goose 2.79% Exit 0 $19.25 $45M −2,318,816 −$45M
UAL, United Airlines 2.74% Exit 0 $44.25 $44M −991,821 −$44M
UBER, Uber 2.74% Exit 0 $31.70 $44M −1,382,513 −$44M
TNL, Travel Plus Leisure 2.42% Exit 0 $39.20 $39M −989,487 −$39M
COIN, Coinbase 2.33% Exit 0 $67.57 $37M −552,926 −$37M
Splunk 2.31% Exit 0 $95.88 $37M −385,585 −$37M
JPM, JPMorgan Chase 2.20% Exit 0 $130.31 $35M −269,917 −$35M
COF, Capital One 2.12% Exit 0 $96.16 $34M −353,310 −$34M
FISV, Fiserv 2.03% Exit 0 $113.03 $33M −287,648 −$33M
Karuna Therapeutics 1.87% Exit 0 $181.64 $30M −164,998 −$30M
Farfetch 1.85% Exit 0 $4.91 $30M −6,048,099 −$30M
SOFI, Sofi Technologies 1.79% Exit 0 $6.07 $29M −4,711,202 −$29M
UBS 1.57% Exit 0 $21.34 $25M −1,178,255 −$25M
PTON, Peloton Interactive 1.31% Exit 0 $11.34 $21M −1,854,465 −$21M
SFIX, Stitch Fix 1.03% Exit 0 $5.11 $16M −3,227,325 −$16M
ADT 0.93% Exit 0 $7.23 $15M −2,051,454 −$15M
PGEN, Precigen 0.63% Exit 0 $1.06 $10M −9,503,782 −$10M
Lazard 0.24% Exit 0 $33.11 $3.9M −117,200 −$3.9M
CC, Chemours 0.18% Exit 0 $29.94 $2.8M −95,000 −$2.8M
M/i Homes 0.13% Exit 0 $63.10 $2.1M −33,505 −$2.1M
APAM, Artisan Partners Asset Management 0.13% Exit 0 $31.98 $2M −63,000 −$2M
Tupperware Brands 0.05% Exit 0 $2.50 $866K −346,426 −$866K
Sculptor Cap Management 0.03% Exit 0 $8.62 $560K −65,000 −$560K
Foot Locker 0.03% Exit 0 $39.71 $498K −12,540 −$498K
Iheartmedia 0.01% Exit 0 $3.90 $117K −30,000 −$117K
WW International — Exit 0 $4.10 $41K −10,000 −$41K
Opendoor Technologies — Exit 0 $1.73 $26K −15,000 −$26K
Desktop Metal — Exit 0 $2.30 $23K −10,000 −$23K
TMC The Metals — Exit 0 $0.8500 $17K −20,000 −$17K
VRM, Vroom — Exit 0 $0.9000 $9K −10,000 −$9K
Holding — Exit 0 $0.6000 $6K −10,000 −$6K
Wheels Up Experience — Exit 0 $0.6000 $6K −10,000 −$6K
Holding — Exit 0 $0.5000 $5K −10,000 −$5K
Smiledirectclub — Exit 0 $0.4000 $4K −10,000 −$4K
Shapeways — Exit 0 $0.3000 $3K −10,000 −$3K

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2023 Q1. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 56 $423M +10.4% 13F-HR 8/14/2026 000113577826000016
2026 Q1 55 $383M +34.9% 13F-HR 5/15/2026 000113577826000011
2025 Q4 34 $284M +4.4% 13F-HR 2/17/2026 000113577826000003
2025 Q3 36 $272M +15.3% 13F-HR 11/14/2025 000113577825000003
2025 Q2 33 $236M +7.8% 13F-HR 8/14/2025 000108514625005135
2025 Q1 34 $219M −6.4% 13F-HR 5/15/2025 000108514625003193
2024 Q4 33 $234M +32.2% 13F-HR 2/14/2025 000108514625001536
2024 Q3 30 $177M +12.7% 13F-HR 11/14/2024 000108514624005777
2024 Q2 29 $157M +0.6% 13F-HR 8/13/2024 000108514624003791
2024 Q1 30 $156M −7.1% 13F-HR 5/7/2024 000113577824000001
2023 Q4 42 $168M +5.7% 13F-HR 2/14/2024 000108514624001377
2023 Q3 46 $159M +4.6% 13F-HR 11/14/2023 000108514623004441
2023 Q2 46 $152M −90.5% 13F-HR 8/14/2023 000108514623003399
2023 Q1 90 $1.6B +3.2% 13F-HR 5/15/2023 000108514623002384
2022 Q4 84 $1.6B — RESTATEMENT 2/14/2023 000108514623001267
2022 Q4 84 $1.6B −5.8% 13F-HR 2/14/2023 000108514623001251
2022 Q3 92 $1.6B −16.4% 13F-HR 11/14/2022 000108514622004042
2022 Q2 119 $2B −36.6% 13F-HR 8/15/2022 000108514622003091
2022 Q1 126 $3.1B −14.9% 13F-HR 5/16/2022 000108514622002148
2021 Q4 129 $3.7B −15.3% 13F-HR 2/14/2022 000108514622001016
2021 Q3 125 $4.3B — 13F-HR 11/15/2021 000108514621003318

About

Miller Value Partners, LLC

21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Bill Miller
SEC filing name
MILLER VALUE PARTNERS, LLC
Location
Sarasota, FL
All SEC filings
View on sec.gov