Miller Value Partners 13F holdings, Q1 2013
Holdings as of March 31, 2013 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 41 US equity positions worth $1.1bn in its Q1 2013 13F filing. The largest position was GNW at 5.3% of the reported book, followed by UAL and NFLX. Against the Q4 2012 filing, it opened 3 new positions, added to 4 and reduced 14 among the top 41 holdings.
What did Miller Value Partners own in Q1 2013? Top 41 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2012 |
|---|---|---|---|---|---|---|---|
| 1 | GNW GENWORTH FINL INC | Financial Services | 5.3% | $56.1m | 5,605,600 | -3% | reduced |
| 2 | UAL UNITED CONTL HLDGS INC | Industrials | 4.8% | $51.2m | 1,600,100 | -6% | reduced |
| 3 | NFLX NETFLIX INC | Communication Services | 4.6% | $48.6m | 256,700 | -20% | reduced |
| 4 | PHM PULTE GROUP INC | Consumer Cyclical | 4.6% | $48.6m | 2,400,400 | -13% | reduced |
| 5 | DAL DELTA AIR LINES INC DEL | Industrials | 4.3% | $45.8m | 2,773,400 | -7% | reduced |
| 6 | BAC BANK OF AMERICA CORPORATION | Financial Services | 4.3% | $45.5m | 3,733,600 | -8% | reduced |
| 7 | MTG MGIC INVT CORP WIS | Financial Services | 3.9% | $41.7m | 8,428,400 | 0% | held |
| 8 | GRPN GROUPON INC | Communication Services | 3.9% | $41.1m | 6,720,800 | 0% | held |
| 9 | U S AIRWAYS GROUP INC | 3.7% | $39.8m | 2,346,900 | -12% | reduced | |
| 10 | AGO ASSURED GUARANTY LTD | Financial Services | 3.6% | $38.5m | 1,870,000 | -12% | reduced |
| 11 | STX SEAGATE TECHNOLOGY PLC | Technology | 3.3% | $35.1m | 960,250 | 0% | held |
| 12 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 3.2% | $34.4m | 1,333,500 | -11% | reduced |
| 13 | PANDORA MEDIA INC | 3.1% | $33.2m | 2,346,800 | -2% | reduced | |
| 14 | JPMORGAN CHASE & CO *W EXP 10/28/201 | 3.0% | $31.8m | 2,229,350 | 0% | held | |
| 15 | AAPL APPLE INC | Technology | 2.9% | $30.7m | 69,340 | 8% | added |
| 16 | KBH KB HOME | Consumer Cyclical | 2.8% | $30.3m | 1,390,200 | -15% | reduced |
| 17 | LEN LENNAR CORP | Consumer Cyclical | 2.8% | $29.7m | 714,900 | -11% | reduced |
| 18 | BBY BEST BUY INC | Consumer Cyclical | 2.7% | $28.5m | 1,286,700 | 27% | added |
| 19 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.7% | $28.2m | 3,414,100 | 7% | added |
| 20 | ARCC ARES CAP CORP | 2.6% | $27.1m | 1,500,000 | -11% | reduced | |
| 21 | CIGNA CORPORATION | 2.5% | $26.6m | 426,700 | 0% | held | |
| 22 | CHESAPEAKE ENERGY CORP | 2.2% | $23.9m | 1,173,400 | -8% | reduced | |
| 23 | SPRINT NEXTEL CORP | 2.2% | $23.9m | 3,841,000 | 0% | held | |
| 24 | F FORD MTR CO DEL | Consumer Cyclical | 1.9% | $20.5m | 1,558,310 | 0% | held |
| 25 | QUESTCOR PHARMACEUTICALS INC | 1.8% | $19.1m | 586,600 | 0% | held | |
| 26 | TER TERADYNE INC | Technology | 1.6% | $17.3m | 1,066,450 | 0% | held |
| 27 | RDN RADIAN GROUP INC | Financial Services | 1.5% | $16.1m | 1,506,800 | – | new |
| 28 | GM GENERAL MTRS CO | Consumer Cyclical | 1.5% | $16.1m | 579,416 | 0% | held |
| 29 | LEVEL 3 COMMUNICATIONS INC | 1.4% | $15.0m | 741,300 | -0% | held | |
| 30 | MS MORGAN STANLEY | Financial Services | 1.3% | $14.1m | 640,250 | 0% | held |
| 31 | AMERICAN CAPITAL AGENCY CORP | 1.2% | $12.7m | 388,825 | 0% | held | |
| 32 | INVESCO MORTGAGE CAPITAL INC | 1.2% | $12.6m | 586,700 | 0% | held | |
| 33 | NII HLDGS INC | 1.1% | $12.0m | 2,774,200 | 8% | added | |
| 34 | APOLLO INVT CORP | 1.1% | $11.7m | 1,400,000 | 0% | held | |
| 35 | DENDREON CORP | 1.0% | $11.1m | 2,346,800 | – | new | |
| 36 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.0% | $11.0m | 364,400 | 0% | held |
| 37 | MARVELL TECHNOLOGY GROUP LTD | 0.8% | $9.0m | 853,300 | – | new | |
| 38 | HATTERAS FINL CORP | 0.8% | $8.3m | 302,700 | -0% | held | |
| 39 | AMERICAN CAP MTG INVT CORP | 0.8% | $8.3m | 320,200 | -0% | held | |
| 40 | REALOGY HLDGS CORP | 0.7% | $7.9m | 161,950 | 0% | held | |
| 41 | BG MEDICINE INC | 0.1% | $1.3m | 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.