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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 Q4 2023 Q3, filed 14 Feb, long equity only

Download CSV Download Excel All activity
STLA, Stellantis 6.87% Hold 496,000 $23.32 $12M — —
WST, Western Alliance Bancorp 6.82% Reduce −4.6% 174,640 $65.79 $11M −8,469 +$3.1M
Proshares Trust 6.08% Hold 186,950 $54.74 $10M — —
JXN, Jackson Financial 6.07% Reduce −9.4% 199,755 $51.20 $10M −20,820 +$1.8M
BFH, Bread Financial 6.02%, was 4.71% Add +40.4% 307,865 $32.94 $10M +88,590 +$2.6M
T, AT&T 5.50%, was 4.86% Add +7.2% 552,000 $16.78 $9.3M +37,000 +$1.5M
QUAD, Quad / Graphics 5.15% Reduce −0.2% 1,600,750 $5.42 $8.7M −3,225 +$608K
OMF, Onemain 4.73% Hold 162,000 $49.20 $8M — —
BKE, Buckle 4.66% Reduce −13.0% 165,000 $47.52 $7.8M −24,700 +$1.5M
VTRS, Viatris 4.58% Hold 711,500 $10.83 $7.7M — —
CTO, Cto Realty Growth 4.41% Hold 428,900 $17.33 $7.4M — —
GCI, Gannett 3.41%, was 3.89% Reduce −1.3% 2,494,025 $2.30 $5.7M −33,350 −$456K
NBR, Nabors Industries 3.18% Add +34.9% 65,611 $81.63 $5.4M +16,960 −$635K
Encore Wire 3.08%, was 2.29% Add +21.5% 24,300 $213.60 $5.2M +4,300 +$1.5M
MPT, Medical Properties Trust 2.89%, was 2.14% Add +58.3% 991,000 $4.91 $4.9M +365,000 +$1.5M
Geo Group 2.46% Hold 383,000 $10.83 $4.1M — —
GTN, Gray Television 2.15%, was 1.45% Add +21.0% 404,048 $8.96 $3.6M +70,260 +$1.3M
ARLP 1.87% Hold 149,000 $21.18 $3.2M — —
HRB 1.81%, was 3.65% Reduce −53.3% 63,000 $48.37 $3M −72,000 −$2.8M
Medifast 1.68% Hold 42,100 $67.22 $2.8M — —
CNDT, Conduent 1.57%, was 1.39% Add +14.0% 724,600 $3.65 $2.6M +89,125 +$433K
BLDR, Builders FirstSource 1.29% Hold 13,000 $166.94 $2.2M — —
TPC, Tutor Perini 1.24% Reduce −0.6% 228,715 $9.10 $2.1M −1,370 +$280K
CROX, Crocs 1.14%, was 0.92% Add +24.2% 20,500 $93.41 $1.9M +4,000 +$459K
DCH 1.09%, was 1.46% Reduce −34.7% 208,565 $8.81 $1.8M −110,615 −$480K
CNC, Centene 0.97% New 22,000 $74.21 $1.6M +22,000 +$1.6M
MBC, Masterbrand 0.93%, was 0.46% Add +75.0% 105,000 $14.85 $1.6M +45,000 +$830K
FOSL, Fossil Group 0.87%, was 0.72% Add +79.9% 997,825 $1.46 $1.5M +443,035 +$314K
FTI, Technipfmc 0.52%, was 0.57% Reduce −1.9% 43,585 $20.14 $878K −840 −$26K
ABNB, Airbnb 0.49% Hold 6,000 $136.14 $817K — —
BZH, Beazer Homes USA 0.46% Hold 23,000 $33.79 $777K — —
EXPE, Expedia 0.45%, was 0.97% Reduce −66.7% 5,000 $151.79 $759K −10,000 −$787K
LAD, Lithia Motors 0.39% Hold 2,000 $329.28 $659K — —
BCC, Boise Cascade 0.38% New 5,000 $129.36 $647K +5,000 +$647K
ATKR, Atkore 0.38% Hold 4,000 $160.00 $640K — —
PRDO, Perdoceo Ed 0.37% Hold 35,000 $17.56 $615K — —
MTCH, Match Group 0.30% Hold 14,000 $36.50 $511K — —
LYB, Lyondellbasell Industries 0.25% Hold 4,500 $95.08 $428K — —
Rci Hospitality 0.24% Hold 6,100 $66.26 $404K — —
Pitney Bowes 0.11% Hold 42,834 $4.40 $188K — —
TEVA, Teva Pharmaceutical Industries 0.08%, was 0.09% Reduce −5.8% 13,400 $10.44 $140K −825 −$5K

Exits / last held

Gone since 2023 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
RILY, B. Riley Financial 2.97% Exit 0 $40.99 $4.7M −115,300 −$4.7M
OGN, Organon 2.97% Exit 0 $17.36 $4.7M −272,000 −$4.7M
Chicos Fas 2.14% Exit 0 $7.48 $3.4M −454,335 −$3.4M
EXE, Chesapeake Energy 1.58% Exit 0 $86.23 $2.5M −29,200 −$2.5M
Holding 0.23% Exit 0 $36.70 $367K −10,000 −$367K
Holding 0.23% Exit 0 $14.68 $367K −25,000 −$367K

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 Q3. 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