Miller Value Partners 13F holdings, Q4 2012
Holdings as of December 31, 2012 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 38 US equity positions worth $883.5m in its Q4 2012 13F filing. The largest position was PHM at 5.7% of the reported book, followed by BAC and GNW. Against the Q3 2012 filing, it opened 6 new positions, added to 16 and reduced 15 among the top 38 holdings.
What did Miller Value Partners own in Q4 2012? Top 38 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2012 |
|---|---|---|---|---|---|---|---|
| 1 | PHM PULTE GROUP INC | Consumer Cyclical | 5.7% | $50.3m | 2,770,200 | -18% | reduced |
| 2 | BAC BANK OF AMERICA CORPORATION | Financial Services | 5.3% | $47.1m | 4,057,300 | 16% | added |
| 3 | GNW GENWORTH FINL INC | Financial Services | 4.9% | $43.3m | 5,760,100 | 35% | added |
| 4 | UAL UNITED CONTL HLDGS INC | Industrials | 4.5% | $39.9m | 1,705,000 | -5% | reduced |
| 5 | U S AIRWAYS GROUP INC | 4.1% | $36.0m | 2,663,700 | -3% | reduced | |
| 6 | DAL DELTA AIR LINES INC DEL | Industrials | 4.0% | $35.4m | 2,983,650 | 9% | added |
| 7 | AAPL APPLE INC | Technology | 3.9% | $34.1m | 63,955 | -7% | reduced |
| 8 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 3.8% | $33.5m | 1,492,450 | 1% | added |
| 9 | GRPN GROUPON INC | Communication Services | 3.7% | $32.8m | 6,717,400 | 16% | added |
| 10 | LEN LENNAR CORP | Consumer Cyclical | 3.5% | $30.9m | 799,100 | -28% | reduced |
| 11 | AGO ASSURED GUARANTY LTD | Financial Services | 3.4% | $30.3m | 2,132,050 | 1% | added |
| 12 | NFLX NETFLIX INC | Communication Services | 3.4% | $29.7m | 319,800 | – | new |
| 13 | ARCC ARES CAP CORP | 3.3% | $29.5m | 1,684,495 | -11% | reduced | |
| 14 | STX SEAGATE TECHNOLOGY PLC | Technology | 3.3% | $29.2m | 959,450 | 1% | added |
| 15 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 3.0% | $26.4m | 2,229,350 | 1% | added | |
| 16 | KBH KB HOME | Consumer Cyclical | 2.9% | $26.0m | 1,644,115 | -44% | reduced |
| 17 | CIGNA CORPORATION | 2.6% | $22.8m | 426,500 | 1% | added | |
| 18 | MTG MGIC INVT CORP WIS | Financial Services | 2.5% | $22.4m | 8,428,400 | 1% | added |
| 19 | PANDORA MEDIA INC | 2.5% | $22.0m | 2,399,000 | – | new | |
| 20 | SPRINT NEXTEL CORP | 2.5% | $21.8m | 3,839,400 | -27% | reduced | |
| 21 | CHESAPEAKE ENERGY CORP | 2.4% | $21.3m | 1,279,800 | -7% | reduced | |
| 22 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.4% | $21.2m | 3,199,900 | 1% | added |
| 23 | F FORD MTR CO DEL | Consumer Cyclical | 2.3% | $20.2m | 1,556,710 | – | new |
| 24 | NII HLDGS INC | 2.1% | $18.2m | 2,557,500 | 706% | added | |
| 25 | TER TERADYNE INC | Technology | 2.0% | $18.0m | 1,066,450 | -7% | reduced |
| 26 | LEVEL 3 COMMUNICATIONS INC | 1.9% | $17.1m | 741,700 | 1% | added | |
| 27 | GM GENERAL MTRS CO | Consumer Cyclical | 1.9% | $16.7m | 578,916 | – | new |
| 28 | QUESTCOR PHARMACEUTICALS INC | 1.8% | $15.7m | 586,600 | 270% | added | |
| 29 | MS MORGAN STANLEY | Financial Services | 1.4% | $12.2m | 640,250 | 1% | added |
| 30 | BBY BEST BUY INC | Consumer Cyclical | 1.4% | $12.0m | 1,012,400 | – | new |
| 31 | APOLLO INVT CORP | 1.3% | $11.7m | 1,400,000 | -12% | reduced | |
| 32 | INVESCO MORTGAGE CAPITAL INC | 1.3% | $11.6m | 586,600 | -17% | reduced | |
| 33 | AMERICAN CAPITAL AGENCY CORP | 1.3% | $11.3m | 388,825 | -3% | reduced | |
| 34 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.1% | $9.6m | 364,400 | 18% | added |
| 35 | AMERICAN CAP MTG INVT CORP | 0.9% | $7.6m | 320,500 | -19% | reduced | |
| 36 | HATTERAS FINL CORP | 0.9% | $7.5m | 303,000 | -4% | reduced | |
| 37 | REALOGY HLDGS CORP | 0.8% | $6.8m | 161,950 | – | new | |
| 38 | BG MEDICINE INC | 0.2% | $1.6m | 684,236 | 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.