Miller Value Partners 13F holdings, Q4 2008
Holdings as of December 31, 2008 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 29 US equity positions worth $947.0m in its Q4 2008 13F filing. The largest position was UAL CORP at 7.1% of the reported book, followed by AGO and RED HAT INC. Against the Q3 2008 filing, it opened 8 new positions, added to 6 and reduced 14 among the top 29 holdings.
What did Miller Value Partners own in Q4 2008? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2008 |
|---|---|---|---|---|---|---|---|
| 1 | UAL CORP | 7.1% | $67.3m | 6,105,000 | 36% | added | |
| 2 | AGO ASSURED GUARANTY LTD | Financial Services | 7.0% | $65.9m | 5,781,740 | -4% | reduced |
| 3 | RED HAT INC | 6.6% | $62.2m | 4,708,170 | -46% | reduced | |
| 4 | AES AES CORP | Utilities | 6.3% | $59.7m | 7,240,000 | -9% | reduced |
| 5 | DAL DELTA AIR LINES INC DEL | Industrials | 5.2% | $49.3m | 4,300,000 | 7% | added |
| 6 | LEVEL 3 COMMUNICATIONS INC | 4.8% | $45.3m | 64,780,500 | -24% | reduced | |
| 7 | NII HLDGS INC | 4.6% | $43.6m | 2,400,000 | -48% | reduced | |
| 8 | EASTMAN KODAK CO | 4.4% | $41.4m | 6,289,200 | -26% | reduced | |
| 9 | CA INC | 4.3% | $40.8m | 2,200,000 | -40% | reduced | |
| 10 | RYLAND GROUP INC | 3.9% | $37.1m | 2,100,000 | -45% | reduced | |
| 11 | EXPEDIA INC DEL | 3.9% | $37.1m | 4,500,000 | -35% | reduced | |
| 12 | CENTEX CORP | 3.5% | $33.0m | 3,100,000 | -44% | reduced | |
| 13 | GE GENERAL ELECTRIC CO | Industrials | 3.4% | $32.4m | 2,000,000 | – | new |
| 14 | CIT GROUP INC | 3.3% | $31.5m | 6,947,300 | -18% | reduced | |
| 15 | LEN LENNAR CORP | Consumer Cyclical | 3.1% | $29.5m | 3,400,000 | -32% | reduced |
| 16 | PRU PRUDENTIAL FINL INC | Financial Services | 3.1% | $29.1m | 960,000 | – | new |
| 17 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 3.1% | $28.9m | 1,759,000 | – | new |
| 18 | SLM SLM CORP | Financial Services | 2.9% | $27.1m | 3,041,132 | – | new |
| 19 | MGM MGM MIRAGE | Consumer Cyclical | 2.6% | $24.8m | 1,800,000 | – | new |
| 20 | SPRINT NEXTEL CORP | 2.6% | $24.7m | 13,500,000 | 17% | added | |
| 21 | MNKD MANNKIND CORP | 2.5% | $23.7m | 6,911,953 | -1% | reduced | |
| 22 | YAHOO INC | 2.4% | $23.2m | 1,900,000 | -73% | reduced | |
| 23 | XL CAP LTD | 2.1% | $19.6m | 5,300,000 | 43% | added | |
| 24 | MS MORGAN STANLEY | Financial Services | 2.0% | $19.2m | 1,200,000 | – | new |
| 25 | MAS MASCO CORP | Industrials | 1.4% | $13.4m | 1,200,000 | – | new |
| 26 | GNW GENWORTH FINL INC | Financial Services | 1.4% | $13.3m | 4,700,000 | 4% | added |
| 27 | HATTERAS FINL CORP | 1.4% | $13.3m | 500,000 | – | new | |
| 28 | BYD BOYD GAMING CORP | Consumer Cyclical | 1.0% | $9.6m | 2,020,000 | 1% | added |
| 29 | CONVERA CORP | 0.1% | $1.2m | 4,443,889 | -0% | held |
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.