Miller Value Partners 13F holdings, Q4 2011
Holdings as of December 31, 2011 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 43 US equity positions worth $827.6m in its Q4 2011 13F filing. The largest position was UAL at 5.9% of the reported book, followed by GNW and AGO. Against the Q3 2011 filing, it opened 9 new positions, added to 10 and reduced 19 among the top 43 holdings.
What did Miller Value Partners own in Q4 2011? Top 43 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2011 |
|---|---|---|---|---|---|---|---|
| 1 | UAL UNITED CONTL HLDGS INC | Industrials | 5.9% | $49.2m | 2,605,239 | -5% | reduced |
| 2 | GNW GENWORTH FINL INC | Financial Services | 5.1% | $42.2m | 6,446,820 | -0% | held |
| 3 | AGO ASSURED GUARANTY LTD | Financial Services | 5.0% | $41.3m | 3,140,400 | -17% | reduced |
| 4 | LEN LENNAR CORP | Consumer Cyclical | 4.9% | $41.0m | 2,084,400 | -15% | reduced |
| 5 | PHM PULTE GROUP INC | Consumer Cyclical | 4.8% | $39.4m | 6,244,620 | 13% | added |
| 6 | ARCC ARES CAP CORP | 4.7% | $39.3m | 2,541,100 | -2% | reduced | |
| 7 | MTG MGIC INVT CORP WIS | Financial Services | 4.1% | $33.9m | 9,093,417 | -1% | reduced |
| 8 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 3.6% | $30.0m | 1,846,800 | -6% | reduced |
| 9 | BYD BOYD GAMING CORP | Consumer Cyclical | 3.6% | $29.6m | 3,970,590 | -1% | reduced |
| 10 | DAL DELTA AIR LINES INC DEL | Industrials | 3.2% | $26.1m | 3,228,445 | -2% | reduced |
| 11 | SPRINT NEXTEL CORP | 3.0% | $24.9m | 10,637,880 | 1% | added | |
| 12 | INTEGRATED DEVICE TECHNOLOGY | 3.0% | $24.8m | 4,543,270 | -1% | reduced | |
| 13 | SOLAR CAP LTD | 3.0% | $24.6m | 1,112,274 | 1% | added | |
| 14 | STX SEAGATE TECHNOLOGY PLC | Technology | 3.0% | $24.5m | 1,494,300 | -35% | reduced |
| 15 | CHESAPEAKE ENERGY CORP | 2.8% | $23.4m | 1,051,420 | 29% | added | |
| 16 | SYNOVUS FINL CORP | 2.8% | $23.3m | 16,516,050 | -0% | held | |
| 17 | XEROX CORP | 2.8% | $22.9m | 2,880,100 | 22% | added | |
| 18 | CIGNA CORPORATION | 2.6% | $21.9m | 521,559 | -13% | reduced | |
| 19 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 2.5% | $20.4m | 2,405,560 | 0% | held | |
| 20 | U S AIRWAYS GROUP INC | 2.4% | $19.7m | 3,876,273 | -0% | held | |
| 21 | GENERAL MTRS CO JR | 2.3% | $19.4m | 567,366 | -1% | reduced | |
| 22 | KBH KB HOME | Consumer Cyclical | 2.2% | $18.0m | 2,671,400 | 41% | added |
| 23 | TER TERADYNE INC | Technology | 2.2% | $17.8m | 1,306,650 | 0% | held |
| 24 | NII HLDGS INC | 2.1% | $17.5m | 821,300 | -1% | reduced | |
| 25 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.9% | $16.1m | 3,006,800 | 765% | added |
| 26 | INTC INTEL CORP | Technology | 1.9% | $15.4m | 636,000 | -61% | reduced |
| 27 | GLW CORNING INC | Technology | 1.8% | $14.9m | 1,149,350 | – | new |
| 28 | AMERICAN CAPITAL AGENCY CORP | 1.5% | $12.2m | 432,700 | -1% | reduced | |
| 29 | APOLLO GLOBAL MGMT LLC | 1.4% | $11.8m | 947,800 | 2% | added | |
| 30 | APOLLO INVT CORP | 1.4% | $11.5m | 1,786,324 | 11% | added | |
| 31 | INVESCO MORTGAGE CAPITAL INC | 1.3% | $10.6m | 755,800 | -1% | reduced | |
| 32 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.3% | $10.5m | 681,800 | – | new |
| 33 | BAC BANK OF AMERICA CORPORATION | Financial Services | 1.3% | $10.5m | 1,879,510 | – | new |
| 34 | AMERICAN CAP MTG INVT CORP | 1.0% | $8.2m | 435,170 | -19% | reduced | |
| 35 | HCA HCA HOLDINGS INC | Healthcare | 0.8% | $6.4m | 289,400 | – | new |
| 36 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 0.7% | $5.4m | 133,700 | 3% | added |
| 37 | DENDREON CORP | 0.5% | $4.4m | 577,700 | – | new | |
| 38 | BG MEDICINE INC | 0.4% | $3.6m | 753,137 | -1% | reduced | |
| 39 | TEXAS INDS INC | 0.3% | $2.7m | 87,213 | – | new | |
| 40 | EXPE EXPEDIA INC DEL | Consumer Cyclical | 0.3% | $2.5m | 87,350 | – | new |
| 41 | BANK OF AMERICA CORPORATION *W EXP 01/16/201 | 0.3% | $2.5m | 1,233,341 | -79% | reduced | |
| 42 | TRIP TRIPADVISOR INC | Consumer Cyclical | 0.3% | $2.2m | 87,400 | – | new |
| 43 | JIVE SOFTWARE INC | 0.2% | $1.4m | 85,600 | – | 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.