Miller Value Partners 13F holdings, Q4 2013
Holdings as of December 31, 2013 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 104 US equity positions worth $2.2bn in its Q4 2013 13F filing. The largest position was GNW at 4.2% of the reported book, followed by MTG and DAL. Against the Q3 2013 filing, it opened 7 new positions, added to 36 and reduced 4 among the top 50 holdings.
What did Miller Value Partners own in Q4 2013? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2013 |
|---|---|---|---|---|---|---|---|
| 1 | GNW GENWORTH FINL INC | Financial Services | 4.2% | $89.5m | 5,760,775 | -0% | held |
| 2 | MTG MGIC INVT CORP WIS | Financial Services | 3.5% | $74.4m | 8,819,550 | -0% | held |
| 3 | DAL DELTA AIR LINES INC DEL | Industrials | 3.5% | $74.3m | 2,704,600 | -0% | held |
| 4 | NORTHSTAR RLTY FIN CORP | 3.4% | $72.3m | 5,372,750 | 533% | added | |
| 5 | NEWCASTLE INVT CORP | 3.1% | $66.0m | 11,492,200 | 412% | added | |
| 6 | NFLX NETFLIX INC | Communication Services | 3.0% | $65.0m | 176,500 | -13% | reduced |
| 7 | UAL UNITED CONTL HLDGS INC | Industrials | 3.0% | $64.5m | 1,705,475 | 4% | added |
| 8 | PHM PULTE GROUP INC | Consumer Cyclical | 3.0% | $63.5m | 3,117,675 | 4% | added |
| 9 | AAL AMERICAN AIRLS GROUP INC | Industrials | 2.9% | $62.4m | 2,469,925 | – | new |
| 10 | BAC BANK OF AMERICA CORPORATION | Financial Services | 2.9% | $62.3m | 3,999,325 | 1% | added |
| 11 | GRPN GROUPON INC | Communication Services | 2.9% | $61.7m | 5,245,900 | -5% | reduced |
| 12 | STX SEAGATE TECHNOLOGY PLC | Technology | 2.8% | $60.4m | 1,074,950 | 4% | added |
| 13 | EBAY EBAY INC | Consumer Cyclical | 2.7% | $58.2m | 1,060,100 | – | new |
| 14 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 2.5% | $53.3m | 1,470,700 | 4% | added |
| 15 | PANDORA MEDIA INC | 2.5% | $53.2m | 2,000,350 | 4% | added | |
| 16 | AGO ASSURED GUARANTY LTD | Financial Services | 2.3% | $48.6m | 2,059,575 | 4% | added |
| 17 | JPMORGAN CHASE & CO | 2.2% | $47.7m | 2,460,850 | 4% | added | |
| 18 | C CITIGROUP INC | Financial Services | 2.2% | $47.5m | 912,025 | 4% | added |
| 19 | AMZN AMAZON COM INC | Consumer Cyclical | 2.2% | $46.9m | 117,695 | 4% | added |
| 20 | BBY BEST BUY INC | Consumer Cyclical | 2.2% | $46.9m | 1,176,850 | 4% | added |
| 21 | AAPL APPLE INC | Technology | 2.0% | $44.0m | 78,340 | 5% | added |
| 22 | LEN LENNAR CORP | Consumer Cyclical | 2.0% | $42.9m | 1,083,200 | 17% | added |
| 23 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.0% | $42.4m | 3,766,725 | 4% | added |
| 24 | CIGNA CORPORATION | 1.9% | $41.2m | 470,875 | 4% | added | |
| 25 | ETRA E TRADE FINANCIAL CORP | 1.9% | $39.8m | 2,027,625 | 4% | added | |
| 26 | QUESTCOR PHARMACEUTICALS INC | 1.7% | $36.9m | 677,475 | 4% | added | |
| 27 | ELLINGTON FINANCIAL LLC | 1.7% | $35.8m | 1,578,522 | -4% | reduced | |
| 28 | KBH KB HOME | Consumer Cyclical | 1.7% | $35.5m | 1,943,725 | 7% | added |
| 29 | CHESAPEAKE ENERGY CORP | 1.6% | $35.2m | 1,295,875 | 4% | added | |
| 30 | OCI PARTNERS LP | 1.5% | $31.5m | 1,139,875 | – | new | |
| 31 | GM GENERAL MTRS CO | Consumer Cyclical | 1.4% | $31.0m | 757,891 | 23% | added |
| 32 | OLED UNIVERSAL DISPLAY CORP | Technology | 1.3% | $28.8m | 837,000 | 4% | added |
| 33 | ARCC ARES CAP CORP | 1.3% | $28.3m | 1,594,963 | -4% | reduced | |
| 34 | INTREXON CORP | 1.3% | $27.9m | 1,173,000 | – | new | |
| 35 | MSFT MICROSOFT CORP | Technology | 1.3% | $27.6m | 736,675 | 53% | added |
| 36 | LEVEL 3 COMMUNICATIONS INC | 1.3% | $27.2m | 819,500 | 4% | added | |
| 37 | F FORD MTR CO DEL | Consumer Cyclical | 1.2% | $26.6m | 1,721,485 | 4% | added |
| 38 | TMHC* TAYLOR MORRISON HOME CORP | 1.2% | $26.3m | 1,171,060 | 93% | added | |
| 39 | IAC INTERACTIVECORP | 1.1% | $24.3m | 354,050 | 4% | added | |
| 40 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.1% | $24.1m | 524,300 | 36% | added |
| 41 | RDN RADIAN GROUP INC | Financial Services | 1.1% | $23.5m | 1,666,300 | 4% | added |
| 42 | APOLLO ED GROUP INC | 1.1% | $23.4m | 855,425 | 4% | added | |
| 43 | ZULILY INC | 1.1% | $22.9m | 552,625 | – | new | |
| 44 | MS MORGAN STANLEY | Financial Services | 1.0% | $22.2m | 707,925 | 4% | added |
| 45 | NII HLDGS INC | 1.0% | $21.4m | 7,799,575 | 55% | added | |
| 46 | TER TERADYNE INC | Technology | 1.0% | $20.9m | 1,183,600 | 5% | added |
| 47 | PENNYMAC FINL SVCS INC | 0.8% | $16.6m | 945,175 | 4% | added | |
| 48 | MARVELL TECHNOLOGY GROUP LTD | 0.8% | $16.1m | 1,123,025 | 4% | added | |
| 49 | SPRINGLEAF HLDGS INC | 0.7% | $14.5m | 571,900 | – | new | |
| 50 | ESNT ESSENT GROUP LTD | Financial Services | 0.5% | $10.9m | 453,925 | – | 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.