Miller Value Partners 13F holdings, Q1 2012
Holdings as of March 31, 2012 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 39 US equity positions worth $994.1m in its Q1 2012 13F filing. The largest position was LEN at 5.8% of the reported book, followed by AAPL and PHM. Against the Q4 2011 filing, it opened 3 new positions, added to 20 and reduced 12 among the top 39 holdings.
What did Miller Value Partners own in Q1 2012? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2011 |
|---|---|---|---|---|---|---|---|
| 1 | LEN LENNAR CORP | Consumer Cyclical | 5.8% | $57.2m | 2,105,200 | 1% | added |
| 2 | AAPL APPLE INC | Technology | 5.6% | $56.1m | 93,530 | – | new |
| 3 | PHM PULTE GROUP INC | Consumer Cyclical | 5.4% | $53.8m | 6,081,920 | -3% | reduced |
| 4 | GNW GENWORTH FINL INC | Financial Services | 5.4% | $53.5m | 6,432,720 | -0% | held |
| 5 | UAL UNITED CONTL HLDGS INC | Industrials | 5.1% | $50.3m | 2,339,439 | -10% | reduced |
| 6 | MTG MGIC INVT CORP WIS | Financial Services | 4.6% | $45.8m | 9,239,817 | 2% | added |
| 7 | AGO ASSURED GUARANTY LTD | Financial Services | 4.0% | $39.7m | 2,402,312 | -24% | reduced |
| 8 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 4.0% | $39.5m | 1,871,800 | 1% | added |
| 9 | ARCC ARES CAP CORP | 3.6% | $35.6m | 2,176,930 | -14% | reduced | |
| 10 | SYNOVUS FINL CORP | 3.5% | $34.4m | 16,789,750 | 2% | added | |
| 11 | INTEGRATED DEVICE TECHNOLOGY | 3.3% | $32.9m | 4,608,170 | 1% | added | |
| 12 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 3.3% | $32.7m | 2,446,375 | 2% | added | |
| 13 | STX SEAGATE TECHNOLOGY PLC | Technology | 3.2% | $31.5m | 1,167,900 | -22% | reduced |
| 14 | BYD BOYD GAMING CORP | Consumer Cyclical | 3.0% | $30.3m | 3,860,690 | -3% | reduced |
| 15 | DAL DELTA AIR LINES INC DEL | Industrials | 3.0% | $30.2m | 3,041,045 | -6% | reduced |
| 16 | SPRINT NEXTEL CORP | 2.9% | $29.3m | 10,286,180 | -3% | reduced | |
| 17 | U S AIRWAYS GROUP INC | 2.7% | $26.6m | 3,508,530 | -9% | reduced | |
| 18 | CHESAPEAKE ENERGY CORP | 2.5% | $24.7m | 1,067,120 | 1% | added | |
| 19 | GENERAL MTRS CO JR | 2.4% | $24.1m | 576,766 | 2% | added | |
| 20 | KBH KB HOME | Consumer Cyclical | 2.4% | $23.9m | 2,689,600 | 1% | added |
| 21 | CIGNA CORPORATION | 2.3% | $23.0m | 467,159 | -10% | reduced | |
| 22 | BAC BANK OF AMERICA CORPORATION | Financial Services | 2.3% | $22.5m | 2,355,600 | 25% | added |
| 23 | TER TERADYNE INC | Technology | 2.3% | $22.5m | 1,333,850 | 2% | added |
| 24 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.9% | $18.4m | 691,800 | 1% | added |
| 25 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.8% | $18.2m | 3,042,200 | 1% | added |
| 26 | NII HLDGS INC | 1.5% | $15.0m | 819,125 | -0% | held | |
| 27 | INVESCO MORTGAGE CAPITAL INC | 1.4% | $13.7m | 777,400 | 3% | added | |
| 28 | INTC INTEL CORP | Technology | 1.3% | $13.2m | 467,800 | -26% | reduced |
| 29 | AMERICAN CAPITAL AGENCY CORP | 1.3% | $13.1m | 444,500 | 3% | added | |
| 30 | APOLLO INVT CORP | 1.3% | $13.0m | 1,813,324 | 2% | added | |
| 31 | LEVEL 3 COMMUNICATIONS INC | 1.1% | $10.5m | 409,300 | – | new | |
| 32 | HATTERAS FINL CORP | 1.0% | $9.8m | 351,100 | – | new | |
| 33 | HCA HCA HOLDINGS INC | Healthcare | 1.0% | $9.7m | 392,050 | 35% | added |
| 34 | AMERICAN CAP MTG INVT CORP | 1.0% | $9.6m | 439,570 | 1% | added | |
| 35 | DENDREON CORP | 0.8% | $7.5m | 702,200 | 22% | added | |
| 36 | SOLAR CAP LTD | 0.8% | $7.5m | 338,402 | -70% | reduced | |
| 37 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 0.6% | $6.3m | 139,000 | 4% | added |
| 38 | BG MEDICINE INC | 0.5% | $5.3m | 753,137 | 0% | held | |
| 39 | TEXAS INDS INC | 0.3% | $3.0m | 87,013 | -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.