Miller Value Partners 13F holdings, Q3 2012
Holdings as of September 30, 2012 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 39 US equity positions worth $795.7m in its Q3 2012 13F filing. The largest position was PHM at 6.6% of the reported book, followed by AAPL and KBH. Against the Q2 2012 filing, it opened 3 new positions, added to 3 and reduced 33 among the top 39 holdings.
What did Miller Value Partners own in Q3 2012? Top 39 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2012 |
|---|---|---|---|---|---|---|---|
| 1 | PHM PULTE GROUP INC | Consumer Cyclical | 6.6% | $52.4m | 3,383,100 | -34% | reduced |
| 2 | AAPL APPLE INC | Technology | 5.8% | $45.8m | 68,720 | -15% | reduced |
| 3 | KBH KB HOME | Consumer Cyclical | 5.3% | $42.5m | 2,960,000 | -19% | reduced |
| 4 | LEN LENNAR CORP | Consumer Cyclical | 4.9% | $38.7m | 1,111,998 | -37% | reduced |
| 5 | UAL UNITED CONTL HLDGS INC | Industrials | 4.4% | $35.0m | 1,797,350 | -9% | reduced |
| 6 | SYNOVUS FINL CORP | 4.1% | $32.6m | 13,743,250 | -11% | reduced | |
| 7 | ARCC ARES CAP CORP | 4.1% | $32.3m | 1,884,495 | -10% | reduced | |
| 8 | BAC BANK OF AMERICA CORPORATION | Financial Services | 3.9% | $30.9m | 3,495,400 | 49% | added |
| 9 | STX SEAGATE TECHNOLOGY PLC | Technology | 3.7% | $29.5m | 951,450 | -9% | reduced |
| 10 | SPRINT NEXTEL CORP | 3.7% | $29.2m | 5,286,080 | -48% | reduced | |
| 11 | AGO ASSURED GUARANTY LTD | Financial Services | 3.6% | $28.8m | 2,114,550 | -9% | reduced |
| 12 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 3.6% | $28.8m | 1,480,150 | -9% | reduced |
| 13 | U S AIRWAYS GROUP INC | 3.6% | $28.8m | 2,748,730 | -9% | reduced | |
| 14 | GRPN GROUPON INC | Communication Services | 3.5% | $27.7m | 5,814,200 | 103% | added |
| 15 | CHESAPEAKE ENERGY CORP | 3.3% | $25.9m | 1,374,300 | -9% | reduced | |
| 16 | DAL DELTA AIR LINES INC DEL | Industrials | 3.2% | $25.2m | 2,748,650 | -9% | reduced |
| 17 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 2.9% | $22.7m | 2,210,350 | -9% | reduced | |
| 18 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.8% | $22.4m | 3,171,790 | -9% | reduced |
| 19 | GNW GENWORTH FINL INC | Financial Services | 2.8% | $22.3m | 4,272,670 | -9% | reduced |
| 20 | CIGNA CORPORATION | 2.5% | $19.9m | 422,900 | -8% | reduced | |
| 21 | GENERAL MTRS CO JR | 2.4% | $19.4m | 521,491 | -9% | reduced | |
| 22 | LEVEL 3 COMMUNICATIONS INC | 2.1% | $16.9m | 734,700 | 16% | added | |
| 23 | TER TERADYNE INC | Technology | 2.1% | $16.4m | 1,152,450 | -9% | reduced |
| 24 | INVESCO MORTGAGE CAPITAL INC | 1.8% | $14.2m | 703,100 | -9% | reduced | |
| 25 | AMERICAN CAPITAL AGENCY CORP | 1.7% | $13.9m | 401,725 | -9% | reduced | |
| 26 | MTG MGIC INVT CORP WIS | Financial Services | 1.6% | $12.8m | 8,352,650 | -9% | reduced |
| 27 | APOLLO INVT CORP | 1.6% | $12.5m | 1,585,224 | -10% | reduced | |
| 28 | MS MORGAN STANLEY | Financial Services | 1.3% | $10.6m | 634,250 | -9% | reduced |
| 29 | AMERICAN CAP MTG INVT CORP | 1.3% | $10.0m | 397,320 | -9% | reduced | |
| 30 | HATTERAS FINL CORP | 1.1% | $8.9m | 317,200 | -9% | reduced | |
| 31 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.0% | $7.7m | 308,400 | -9% | reduced |
| 32 | HEWLETT PACKARD CO | 0.9% | $7.0m | 412,350 | -40% | reduced | |
| 33 | INTC INTEL CORP | Technology | 0.6% | $4.8m | 211,400 | -54% | reduced |
| 34 | HCA HCA HOLDINGS INC | Healthcare | 0.6% | $4.7m | 142,750 | -63% | reduced |
| 35 | AIG AMERICAN INTL GROUP INC | Financial Services | 0.4% | $3.5m | 105,700 | – | new |
| 36 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 0.4% | $3.0m | 72,650 | -15% | reduced |
| 37 | QUESTCOR PHARMACEUTICALS INC | 0.4% | $2.9m | 158,600 | – | new | |
| 38 | BG MEDICINE INC | 0.3% | $2.5m | 684,236 | -9% | reduced | |
| 39 | NII HLDGS INC | 0.3% | $2.5m | 317,300 | – | 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.