Miller Value Partners 13F holdings, Q3 2011
Holdings as of September 30, 2011 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 38 US equity positions worth $773.2m in its Q3 2011 13F filing. The largest position was UAL at 6.9% of the reported book, followed by AGO and GNW. Against the Q3 2011 filing, it opened 5 new positions, added to 19 and reduced 14 among the top 38 holdings.
What did Miller Value Partners own in Q3 2011? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2011 |
|---|---|---|---|---|---|---|---|
| 1 | UAL UNITED CONTL HLDGS INC | Industrials | 6.9% | $53.1m | 2,741,439 | -10% | reduced |
| 2 | AGO ASSURED GUARANTY LTD | Financial Services | 5.4% | $41.5m | 3,774,090 | -26% | reduced |
| 3 | GNW GENWORTH FINL INC | Financial Services | 4.8% | $37.1m | 6,460,620 | 19% | added |
| 4 | ARCC ARES CAP CORP | 4.6% | $35.6m | 2,585,514 | 15% | added | |
| 5 | INTC INTEL CORP | Technology | 4.5% | $34.9m | 1,637,100 | -1% | reduced |
| 6 | LEN LENNAR CORP | Consumer Cyclical | 4.3% | $33.2m | 2,454,030 | 7% | added |
| 7 | SPRINT NEXTEL CORP | 4.1% | $32.0m | 10,537,080 | -9% | reduced | |
| 8 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 4.1% | $31.8m | 1,972,600 | -12% | reduced |
| 9 | EXPEDIA INC DEL | 3.6% | $27.5m | 1,066,600 | -50% | reduced | |
| 10 | CIGNA CORP | 3.3% | $25.2m | 599,759 | 4% | added | |
| 11 | DAL DELTA AIR LINES INC DEL | Industrials | 3.2% | $24.7m | 3,287,145 | -1% | reduced |
| 12 | INTEGRATED DEVICE TECHNOLOGY | 3.1% | $23.7m | 4,605,870 | 4% | added | |
| 13 | STX SEAGATE TECHNOLOGY PLC | Technology | 3.1% | $23.6m | 2,300,980 | 4% | added |
| 14 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 2.9% | $22.4m | 2,401,160 | 4% | added | |
| 15 | NII HLDGS INC | 2.9% | $22.3m | 827,300 | -35% | reduced | |
| 16 | SOLAR CAP LTD | 2.9% | $22.1m | 1,100,174 | 6% | added | |
| 17 | PHM PULTE GROUP INC | Consumer Cyclical | 2.8% | $21.8m | 5,518,470 | 11% | added |
| 18 | U S AIRWAYS GROUP INC | 2.8% | $21.4m | 3,881,973 | 4% | added | |
| 19 | CHESAPEAKE ENERGY CORP | 2.7% | $20.9m | 817,920 | 4% | added | |
| 20 | GENERAL MTRS CO JR | 2.6% | $20.0m | 571,366 | 172% | added | |
| 21 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.5% | $19.6m | 3,996,590 | -11% | reduced |
| 22 | SYNOVUS FINL CORP | 2.3% | $17.8m | 16,598,950 | 31% | added | |
| 23 | MTG MGIC INVT CORP WIS | Financial Services | 2.2% | $17.2m | 9,171,717 | 34% | added |
| 24 | XEROX CORP | 2.1% | $16.4m | 2,351,800 | 243% | added | |
| 25 | BANK OF AMERICA CORPORATION *W EXP 01/16/201 | 2.0% | $15.7m | 5,781,817 | -12% | reduced | |
| 26 | TER TERADYNE INC | Technology | 1.9% | $14.4m | 1,305,560 | -23% | reduced |
| 27 | DG FASTCHANNEL INC | 1.8% | $13.7m | 810,995 | -35% | reduced | |
| 28 | APOLLO INVT CORP | 1.6% | $12.1m | 1,608,724 | 6% | added | |
| 29 | AMERICAN CAPITAL AGENCY CORP | 1.5% | $11.9m | 437,700 | – | new | |
| 30 | KBH KB HOME | Consumer Cyclical | 1.4% | $11.1m | 1,894,200 | 38% | added |
| 31 | INVESCO MORTGAGE CAPITAL INC | 1.4% | $10.8m | 760,800 | – | new | |
| 32 | APOLLO GLOBAL MGMT LLC | 1.2% | $9.5m | 927,900 | 18% | added | |
| 33 | AMERICAN CAP MTG INVT CORP | 1.2% | $9.0m | 539,070 | – | new | |
| 34 | EASTMAN KODAK CO | 0.9% | $7.2m | 9,224,914 | -49% | reduced | |
| 35 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 0.6% | $4.8m | 129,300 | -2% | reduced |
| 36 | BG MEDICINE INC | 0.3% | $2.7m | 757,937 | 1% | added | |
| 37 | NEW YORK CMNTY BANCORP INC | 0.3% | $2.6m | 216,400 | – | new | |
| 38 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 0.3% | $2.1m | 347,600 | – | new |
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.