Miller Value Partners 13F holdings, Q2 2012
Holdings as of June 30, 2012 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 38 US equity positions worth $898.1m in its Q2 2012 13F filing. The largest position was PHM at 6.1% of the reported book, followed by LEN and UAL. Against the Q1 2012 filing, it opened 3 new positions, added to 3 and reduced 31 among the top 38 holdings.
What did Miller Value Partners own in Q2 2012? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2012 |
|---|---|---|---|---|---|---|---|
| 1 | PHM PULTE GROUP INC | Consumer Cyclical | 6.1% | $54.8m | 5,117,770 | -16% | reduced |
| 2 | LEN LENNAR CORP | Consumer Cyclical | 6.0% | $54.2m | 1,752,450 | -17% | reduced |
| 3 | UAL UNITED CONTL HLDGS INC | Industrials | 5.4% | $48.1m | 1,976,650 | -16% | reduced |
| 4 | AAPL APPLE INC | Technology | 5.3% | $47.5m | 81,295 | -13% | reduced |
| 5 | U S AIRWAYS GROUP INC | 4.5% | $40.5m | 3,036,180 | -13% | reduced | |
| 6 | KBH KB HOME | Consumer Cyclical | 4.0% | $35.9m | 3,662,800 | 36% | added |
| 7 | ARCC ARES CAP CORP | 3.7% | $33.4m | 2,092,795 | -4% | reduced | |
| 8 | DAL DELTA AIR LINES INC DEL | Industrials | 3.7% | $32.9m | 3,007,850 | -1% | reduced |
| 9 | SPRINT NEXTEL CORP | 3.7% | $32.9m | 10,076,480 | -2% | reduced | |
| 10 | AGO ASSURED GUARANTY LTD | Financial Services | 3.7% | $32.8m | 2,326,450 | -3% | reduced |
| 11 | SYNOVUS FINL CORP | 3.4% | $30.6m | 15,433,950 | -8% | reduced | |
| 12 | GRPN GROUPON INC | Communication Services | 3.4% | $30.4m | 2,857,825 | – | new |
| 13 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 3.2% | $28.7m | 1,625,650 | -13% | reduced |
| 14 | CHESAPEAKE ENERGY CORP | 3.1% | $28.1m | 1,511,450 | 42% | added | |
| 15 | GNW GENWORTH FINL INC | Financial Services | 3.0% | $26.6m | 4,699,070 | -27% | reduced |
| 16 | MTG MGIC INVT CORP WIS | Financial Services | 2.9% | $26.4m | 9,183,717 | -1% | reduced |
| 17 | STX SEAGATE TECHNOLOGY PLC | Technology | 2.9% | $25.8m | 1,045,100 | -11% | reduced |
| 18 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.8% | $25.1m | 3,487,840 | -10% | reduced |
| 19 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 2.6% | $23.8m | 2,431,650 | -1% | reduced | |
| 20 | CIGNA CORPORATION | 2.3% | $20.3m | 462,150 | -1% | reduced | |
| 21 | BAC BANK OF AMERICA CORPORATION | Financial Services | 2.1% | $19.2m | 2,342,825 | -1% | reduced |
| 22 | GENERAL MTRS CO JR | 2.1% | $19.0m | 573,416 | -1% | reduced | |
| 23 | TER TERADYNE INC | Technology | 2.0% | $17.8m | 1,264,500 | -5% | reduced |
| 24 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.9% | $17.1m | 3,008,850 | -1% | reduced |
| 25 | AMERICAN CAPITAL AGENCY CORP | 1.6% | $14.8m | 439,700 | -1% | reduced | |
| 26 | INVESCO MORTGAGE CAPITAL INC | 1.6% | $14.1m | 769,000 | -1% | reduced | |
| 27 | LEVEL 3 COMMUNICATIONS INC | 1.6% | $14.0m | 633,600 | 55% | added | |
| 28 | HEWLETT PACKARD CO | 1.5% | $13.8m | 686,200 | – | new | |
| 29 | APOLLO INVT CORP | 1.5% | $13.5m | 1,758,924 | -3% | reduced | |
| 30 | INTC INTEL CORP | Technology | 1.4% | $12.3m | 462,700 | -1% | reduced |
| 31 | HCA HCA HOLDINGS INC | Healthcare | 1.3% | $11.8m | 387,800 | -1% | reduced |
| 32 | AMERICAN CAP MTG INVT CORP | 1.2% | $10.4m | 434,820 | -1% | reduced | |
| 33 | MS MORGAN STANLEY | Financial Services | 1.1% | $10.2m | 697,200 | – | new |
| 34 | HATTERAS FINL CORP | 1.1% | $9.9m | 347,150 | -1% | reduced | |
| 35 | NXPI NXP SEMICONDUCTORS N V | Technology | 0.9% | $7.9m | 338,700 | -51% | reduced |
| 36 | BG MEDICINE INC | 0.6% | $5.2m | 751,327 | -0% | held | |
| 37 | DENDREON CORP | 0.6% | $5.1m | 694,400 | -1% | reduced | |
| 38 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 0.4% | $3.4m | 85,100 | -39% | reduced |
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.