Miller Value Partners
Bill Miller IVSARASOTA, FLfiles as Miller Value Partners, LLC
$423m in 56 US stocks at the end of 30 June 2026. The top 10 are 52.8% of the money. It changed about 16.9% of the portfolio this quarter.
Value
$423m
Stocks
56
Top 10 share
52.8%
Turnover
16.9%
What changed this quarter
New
Bought for the first time this quarter.
- Direxion Shares ETF TrustSPUU5.8% of the fund
- CotyCOTY2.0% of the fund
- Meta PlatformsMETA0.9% of the fund
- Ameriprise FinancialAMP0.5% of the fund
Added
Bought more of a stock they already held.
- Gray MediaGTN6.8% of the fund+35%
- Bloomin' BrandsBLMN5.6% of the fund+27%
- Lincoln NationalLNC5.0% of the fund+6%
- Crescent EnergyCRGY4.9% of the fund+4%
- ConduentCNDT4.5% of the fund+30%
- DauchDCH2.9% of the fund+63%
- JELD-WEN HoldingJELD2.5% of the fund+8%
- Millrose PropertiesMRP1.6% of the fund+27%
- Upbound GroupUPBD1.3% of the fund+115%
- Build-A-Bear WorkshopBBW1.0% of the fund+29%
- CoupangCPNG0.3% of the fund+3%
- SharkNinjaSN0.2% of the fund+3%
- Lithia MotorsLAD0.2% of the fund+2%
Cut
Sold some of their stake.
- Quad/GraphicsQUAD5.1% of the fund-4%
- Bread Financial HoldingsBFH3.4% of the fund-31%
- United Parcel ServiceUPS2.9% of the fund-3%
- USA TodayTDAY2.8% of the fund-29%
- CTO Realty GrowthCTO2.7% of the fund-3%
- Fossil GroupFOSL2.1% of the fund-12%
- Ituran Location & ControlITRN1.9% of the fund-34%
- StrategyMSTR1.0% of the fund-4%
- CrocsCROX0.8% of the fund-25%
- Western Alliance BancorporationWAL0.8% of the fund-24%
- MercadoLibreMELI0.7% of the fund-23%
- Ziff DavisZD0.6% of the fund-26%
- AirbnbABNB0.3% of the fund-45%
- PinterestPINS0.3% of the fund-4%
- United Natural FoodsUNFI<0.1% of the fund-10%
- Tutor PeriniTPC<0.1% of the fund-12%
Sold out
Sold their entire stake.
- State STR Spdr S&P 500 ETF TSPY-100%
- MasterBrandMBC-100%
- Portillo'sPTLO-100%
Holdings
- Direxion Shares ETF TrustSPUU
- Share
- 5.8%
- Value
- $25m
- Shares
- 114,078
New
- Alliance Resource Partners LARLP
- Share
- 1.1%
- Value
- $4m
- Shares
- 186,981
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Nabors IndustriesNBR | 8.8% | $37m | 445,460 | Held |
| Gray MediaGTN | 6.8% | $29m | 7,243,390 | +35% |
| Direxion Shares ETF TrustSPUU | 5.8% | $25m | 114,078 | New |
| Bloomin' BrandsBLMN | 5.6% | $24m | 2,585,909 | +27% |
| Quad/GraphicsQUAD | 5.1% | $21m | 2,538,299 | -4% |
| Lincoln NationalLNC | 5.0% | $21m | 603,160 | +6% |
| Crescent EnergyCRGY | 4.9% | $21m | 2,092,679 | +4% |
| ConduentCNDT | 4.5% | $19m | 12,986,100 | +30% |
| Bread Financial HoldingsBFH | 3.4% | $14m | 132,798 | -31% |
| United Parcel ServiceUPS | 2.9% | $12m | 116,003 | -3% |
| DauchDCH | 2.9% | $12m | 2,282,090 | +63% |
| USA TodayTDAY | 2.8% | $12m | 1,401,080 | -29% |
| ViatrisVTRS | 2.8% | $12m | 733,164 | Held |
| CTO Realty GrowthCTO | 2.7% | $12m | 539,900 | -3% |
| JELD-WEN HoldingJELD | 2.5% | $11m | 7,139,095 | +8% |
| Fossil GroupFOSL | 2.1% | $9m | 2,143,445 | -12% |
| CotyCOTY | 2.0% | $8m | 3,917,705 | New |
| Jackson FinancialJXN | 1.9% | $8m | 80,142 | Held |
| Ituran Location & ControlITRN | 1.9% | $8m | 133,700 | -34% |
| Chord EnergyCHRD | 1.9% | $8m | 69,096 | Held |
| Verizon CommunicationsVZ | 1.7% | $7m | 168,000 | Held |
| Millrose PropertiesMRP | 1.6% | $7m | 229,300 | +27% |
| Upbound GroupUPBD | 1.3% | $5m | 258,000 | +115% |
| OneMain HoldingsOMF | 1.2% | $5m | 82,941 | Held |
| Cal-Maine FoodsCALM | 1.2% | $5m | 62,000 | Held |
| Alliance Resource Partners LARLP | 1.1% | $4m | 186,981 | Held |
| StrategyMSTR | 1.0% | $4m | 50,203 | -4% |
| UGIUGI | 1.0% | $4m | 121,000 | Held |
| Build-A-Bear WorkshopBBW | 1.0% | $4m | 133,567 | +29% |
| Bristol-Myers SquibbBMY | 0.9% | $4m | 69,500 | Held |
| Meta PlatformsMETA | 0.9% | $4m | 6,412 | New |
| CrocsCROX | 0.8% | $3m | 28,856 | -25% |
| Western Alliance BancorporationWAL | 0.8% | $3m | 41,755 | -24% |
| Arbor Realty TrustABR | 0.8% | $3m | 611,000 | Held |
| Citi TrendsCTRN | 0.7% | $3m | 54,200 | Held |
| MercadoLibreMELI | 0.7% | $3m | 1,712 | -23% |
| Boise CascadeBCC | 0.7% | $3m | 37,000 | Held |
| Figure Technology SolutionsFIGR | 0.7% | $3m | 89,668 | Held |
| Ziff DavisZD | 0.6% | $3m | 50,602 | -26% |
| MaplebearCART | 0.5% | $2m | 45,645 | Held |
| Resideo TechnologiesREZI | 0.5% | $2m | 68,931 | Held |
| Ameriprise FinancialAMP | 0.5% | $2m | 4,428 | New |
| LyondellBasell IndustriesLYB | 0.5% | $2m | 38,000 | Held |
| Builders FirstSourceBLDR | 0.4% | $2m | 19,115 | Held |
| Carlyle GroupCG | 0.4% | $2m | 40,000 | Held |
| Shift4 PaymentsFOUR | 0.3% | $1m | 29,965 | Held |
| Perdoceo EducationPRDO | 0.3% | $1m | 40,288 | Held |
| AirbnbABNB | 0.3% | $1m | 8,921 | -45% |
| PinterestPINS | 0.3% | $1m | 57,860 | -4% |
| CoupangCPNG | 0.3% | $1m | 64,124 | +3% |
| SharkNinjaSN | 0.2% | $903,266 | 5,932 | +3% |
| Lithia MotorsLAD | 0.2% | $787,809 | 2,712 | +2% |
| VroomVRM | 0.1% | $450,358 | 58,488 | Held |
| United Natural FoodsUNFI | <0.1% | $214,877 | 4,705 | -10% |
| TechnipFMCFTI | <0.1% | $210,171 | 3,170 | Held |
| Tutor PeriniTPC | <0.1% | $204,936 | 2,470 | -12% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 79.5% since 30 June 2025.
Where the money is
Energy15.6%
Financial services15.3%
Industrials13.3%
Media & telecom13.1%
Retail & consumer12.8%
Technology6.5%
Real estate5.2%
Materials5.0%
Health care3.7%
Everyday goods1.7%
Utilities1.0%
Other6.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.