Miller Value Partners 13F holdings, Q3 2008
Holdings as of September 30, 2008 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 32 US equity positions worth $2.1bn in its Q3 2008 13F filing. The largest position was LEVEL 3 COMMUNICATIONS INC at 11.0% of the reported book, followed by NII HLDGS INC and EASTMAN KODAK CO. Against the Q2 2008 filing, it opened 8 new positions, added to 9 and reduced 12 among the top 32 holdings.
What did Miller Value Partners own in Q3 2008? Top 32 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2008 |
|---|---|---|---|---|---|---|---|
| 1 | LEVEL 3 COMMUNICATIONS INC | 11.0% | $229.4m | 84,975,191 | -14% | reduced | |
| 2 | NII HLDGS INC | 8.4% | $176.1m | 4,644,293 | -15% | reduced | |
| 3 | EASTMAN KODAK CO | 6.2% | $130.7m | 8,500,000 | 2% | added | |
| 4 | RED HAT INC | 6.2% | $130.4m | 8,651,275 | -10% | reduced | |
| 5 | YAHOO INC | 5.8% | $121.1m | 7,000,000 | 0% | held | |
| 6 | EXPEDIA INC DEL | 5.0% | $105.0m | 6,950,300 | 0% | held | |
| 7 | RYLAND GROUP INC | 4.8% | $100.8m | 3,800,000 | 1% | added | |
| 8 | AGO ASSURED GUARANTY LTD | Financial Services | 4.7% | $97.6m | 6,000,000 | – | new |
| 9 | AES AES CORP | Utilities | 4.5% | $93.5m | 8,000,000 | 1% | added |
| 10 | CENTEX CORP | 4.3% | $89.1m | 5,500,000 | 38% | added | |
| 11 | PHM PULTE HOMES INC | Consumer Cyclical | 3.9% | $81.0m | 5,796,649 | -26% | reduced |
| 12 | LEN LENNAR CORP | Consumer Cyclical | 3.6% | $76.0m | 5,000,000 | 26% | added |
| 13 | CA INC | 3.5% | $73.4m | 3,675,200 | 0% | held | |
| 14 | SPRINT NEXTEL CORP | 3.3% | $70.2m | 11,500,000 | -4% | reduced | |
| 15 | XL CAP LTD | 3.2% | $66.4m | 3,700,000 | – | new | |
| 16 | CIT GROUP INC | 2.8% | $59.2m | 8,500,000 | 7% | added | |
| 17 | JPM JPMORGAN & CHASE & CO | Financial Services | 2.2% | $46.7m | 1,000,000 | – | new |
| 18 | MBI MBIA INC | Financial Services | 2.0% | $41.6m | 3,500,000 | – | new |
| 19 | UAL CORP | 1.9% | $39.6m | 4,500,000 | 280% | added | |
| 20 | GNW GENWORTH FINL INC | Financial Services | 1.8% | $38.7m | 4,500,000 | – | new |
| 21 | MTH MERITAGE HOMES CORP | Consumer Cyclical | 1.6% | $34.3m | 1,390,400 | -41% | reduced |
| 22 | SUN MICROSYSTEMS INC | 1.6% | $33.7m | 4,439,400 | 2% | added | |
| 23 | DAL DELTA AIR LINES INC DEL | Industrials | 1.4% | $29.8m | 4,000,000 | – | new |
| 24 | MNKD MANNKIND CORP | 1.3% | $27.1m | 7,013,353 | -36% | reduced | |
| 25 | NATIONAL CITY CORP | 0.9% | $19.6m | 11,185,030 | 1037% | added | |
| 26 | BYD BOYD GAMING CORP | Consumer Cyclical | 0.9% | $18.7m | 2,000,000 | – | new |
| 27 | WACHOVIA CORP NEW | 0.7% | $14.7m | 4,200,000 | – | new | |
| 28 | AMERICREDIT CORP | 0.7% | $14.2m | 1,405,347 | -72% | reduced | |
| 29 | ISTAR FINL INC | 0.6% | $12.6m | 4,853,424 | -12% | reduced | |
| 30 | HOUSEVALUES INC | 0.6% | $12.2m | 4,590,087 | -7% | reduced | |
| 31 | CHIMERA INVT CORP | 0.3% | $7.3m | 1,167,784 | -37% | reduced | |
| 32 | CONVERA CORP | 0.2% | $4.5m | 4,458,612 | -17% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.