Miller Value Partners 13F holdings, Q1 2009
Holdings as of March 31, 2009 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 29 US equity positions worth $725.5m in its Q1 2009 13F filing. The largest position was LEVEL 3 COMMUNICATIONS INC at 7.6% of the reported book, followed by SPRINT NEXTEL CORP and AES. Against the Q4 2008 filing, it opened 2 new positions, added to 5 and reduced 10 among the top 29 holdings.
What did Miller Value Partners own in Q1 2009? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2008 |
|---|---|---|---|---|---|---|---|
| 1 | LEVEL 3 COMMUNICATIONS INC | 7.6% | $55.0m | 59,780,500 | -8% | reduced | |
| 2 | SPRINT NEXTEL CORP | 7.1% | $51.8m | 14,500,000 | 7% | added | |
| 3 | AES AES CORP | Utilities | 5.6% | $40.4m | 6,951,327 | -4% | reduced |
| 4 | AGO ASSURED GUARANTY LTD | Financial Services | 5.5% | $39.7m | 5,864,040 | 1% | added |
| 5 | EXPEDIA INC DEL | 5.4% | $39.0m | 4,300,000 | -4% | reduced | |
| 6 | RED HAT INC | 5.3% | $38.5m | 2,155,700 | -54% | reduced | |
| 7 | NII HLDGS INC | 4.8% | $35.1m | 2,338,176 | -3% | reduced | |
| 8 | CA INC | 4.6% | $33.5m | 1,900,000 | -14% | reduced | |
| 9 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 4.3% | $30.9m | 3,935,000 | 124% | added |
| 10 | XL CAP LTD | 4.0% | $28.9m | 5,300,000 | 0% | held | |
| 11 | UAL CORP | 3.8% | $27.4m | 6,105,000 | 0% | held | |
| 12 | MS MORGAN STANLEY | Financial Services | 3.8% | $27.3m | 1,200,000 | 0% | held |
| 13 | EASTMAN KODAK CO | 3.8% | $27.3m | 7,189,200 | 14% | added | |
| 14 | DAL DELTA AIR LINES INC DEL | Industrials | 3.3% | $24.2m | 4,300,000 | 0% | held |
| 15 | MNKD MANNKIND CORP | 3.3% | $24.1m | 6,911,953 | 0% | held | |
| 16 | RYLAND GROUP INC | 3.2% | $23.1m | 1,385,387 | -34% | reduced | |
| 17 | YAHOO INC | 3.0% | $21.8m | 1,700,000 | -11% | reduced | |
| 18 | CENTEX CORP | 3.0% | $21.6m | 2,878,100 | -7% | reduced | |
| 19 | LEN LENNAR CORP | Consumer Cyclical | 2.8% | $20.0m | 2,660,544 | -22% | reduced |
| 20 | CIT GROUP INC | 2.7% | $19.8m | 6,947,300 | 0% | held | |
| 21 | PRU PRUDENTIAL FINL INC | Financial Services | 2.5% | $18.3m | 960,000 | 0% | held |
| 22 | FIFTH THIRD BANCORP CNV | 2.3% | $16.5m | 400,000 | – | new | |
| 23 | SLM SLM CORP | Financial Services | 2.1% | $15.1m | 3,041,132 | 0% | held |
| 24 | HATTERAS FINL CORP | 1.7% | $12.5m | 500,000 | 0% | held | |
| 25 | CIGNA CORP | 1.7% | $12.3m | 700,000 | – | new | |
| 26 | GNW GENWORTH FINL INC | Financial Services | 1.2% | $8.9m | 4,700,000 | 0% | held |
| 27 | BYD BOYD GAMING CORP | Consumer Cyclical | 1.0% | $7.5m | 2,020,000 | 0% | held |
| 28 | MGM MGM MIRAGE | Consumer Cyclical | 0.6% | $4.4m | 1,900,000 | 6% | added |
| 29 | CONVERA CORP | 0.1% | $823.0k | 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.