Miller Value Partners 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 110 US equity positions worth $2.5bn in its Q1 2014 13F filing. The largest position was GNW at 4.1% of the reported book, followed by DAL and AAL. Against the Q4 2013 filing, it opened 4 new positions, added to 13 and reduced 2 among the top 50 holdings.
What did Miller Value Partners own in Q1 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | GNW GENWORTH FINL INC | Financial Services | 4.1% | $102.3m | 5,770,150 | 0% | held |
| 2 | DAL DELTA AIR LINES INC DEL | Industrials | 3.8% | $94.2m | 2,717,625 | 0% | held |
| 3 | AAL AMERICAN AIRLS GROUP INC | Industrials | 3.6% | $90.8m | 2,481,250 | 0% | held |
| 4 | NORTHSTAR RLTY FIN CORP | 3.4% | $85.9m | 5,319,575 | -1% | reduced | |
| 5 | QCOM QUALCOMM INC | Technology | 3.4% | $83.7m | 1,061,715 | – | new |
| 6 | UAL UNITED CONTL HLDGS INC | Industrials | 3.1% | $76.3m | 1,708,775 | 0% | held |
| 7 | MTG MGIC INVT CORP WIS | Financial Services | 3.0% | $75.5m | 8,860,750 | 0% | held |
| 8 | BAC BANK OF AMERICA CORPORATION | Financial Services | 2.8% | $68.9m | 4,004,525 | 0% | held |
| 9 | PHM PULTE GROUP INC | Consumer Cyclical | 2.5% | $61.5m | 3,207,100 | 3% | added |
| 10 | PANDORA MEDIA INC | 2.4% | $60.9m | 2,008,725 | 0% | held | |
| 11 | STX SEAGATE TECHNOLOGY PLC | Technology | 2.4% | $60.4m | 1,076,150 | 0% | held |
| 12 | EBAY EBAY INC | Consumer Cyclical | 2.4% | $58.7m | 1,063,500 | 0% | held |
| 13 | NEWCASTLE INVT CORP | 2.2% | $53.9m | 11,465,775 | -0% | held | |
| 14 | AGO ASSURED GUARANTY LTD | Financial Services | 2.1% | $52.2m | 2,063,250 | 0% | held |
| 15 | HIG HARTFORD FINL SVCS GROUP INC | Financial Services | 2.1% | $51.9m | 1,472,275 | 0% | held |
| 16 | NFLX NETFLIX INC | Communication Services | 2.1% | $51.8m | 147,155 | -17% | reduced |
| 17 | C CITIGROUP INC | Financial Services | 2.0% | $50.5m | 1,060,575 | 16% | added |
| 18 | BYD BOYD GAMING CORP | Consumer Cyclical | 2.0% | $49.9m | 3,781,175 | 0% | held |
| 19 | GME GAMESTOP CORP NEW | Consumer Cyclical | 2.0% | $49.8m | 1,210,800 | – | new |
| 20 | JPMORGAN CHASE & CO | 2.0% | $49.8m | 2,462,950 | 0% | held | |
| 21 | CHESAPEAKE ENERGY CORP | 1.9% | $47.7m | 1,862,575 | 44% | added | |
| 22 | ETRA E TRADE FINANCIAL CORP | 1.9% | $46.7m | 2,028,600 | 0% | held | |
| 23 | QUESTCOR PHARMACEUTICALS INC | 1.8% | $43.9m | 676,625 | -0% | held | |
| 24 | INTREXON CORP | 1.7% | $43.4m | 1,651,125 | 41% | added | |
| 25 | LEN LENNAR CORP | Consumer Cyclical | 1.7% | $43.1m | 1,087,050 | 0% | held |
| 26 | AAPL APPLE INC | Technology | 1.7% | $42.5m | 79,260 | 1% | added |
| 27 | TMHC* TAYLOR MORRISON HOME CORP | 1.7% | $41.5m | 1,765,835 | 51% | added | |
| 28 | GRPN GROUPON INC | Communication Services | 1.7% | $41.4m | 5,284,100 | 1% | added |
| 29 | ELLINGTON FINANCIAL LLC | 1.6% | $40.2m | 1,686,972 | 7% | added | |
| 30 | AMZN AMAZON COM INC | Consumer Cyclical | 1.6% | $39.7m | 118,165 | 0% | held |
| 31 | CIGNA CORPORATION | 1.6% | $39.5m | 471,200 | 0% | held | |
| 32 | GM GENERAL MTRS CO | Consumer Cyclical | 1.5% | $38.3m | 1,112,641 | 47% | added |
| 33 | KBH KB HOME | Consumer Cyclical | 1.4% | $34.3m | 2,019,250 | 4% | added |
| 34 | NATIONSTAR MTG HLDGS INC | 1.3% | $32.6m | 1,004,350 | – | new | |
| 35 | LEVEL 3 COMMUNICATIONS INC | 1.3% | $32.1m | 819,050 | -0% | held | |
| 36 | BBY BEST BUY INC | Consumer Cyclical | 1.2% | $31.1m | 1,177,850 | 0% | held |
| 37 | NXPI NXP SEMICONDUCTORS N V | Technology | 1.2% | $30.7m | 521,750 | -0% | held |
| 38 | MSFT MICROSOFT CORP | Technology | 1.2% | $30.2m | 736,475 | -0% | held |
| 39 | ARCC ARES CAP CORP | 1.2% | $30.2m | 1,712,700 | 7% | added | |
| 40 | APOLLO ED GROUP INC | 1.2% | $29.3m | 855,075 | -0% | held | |
| 41 | ZULILY INC | 1.1% | $27.7m | 551,600 | -0% | held | |
| 42 | F FORD MTR CO DEL | Consumer Cyclical | 1.1% | $26.8m | 1,717,435 | -0% | held |
| 43 | OLED UNIVERSAL DISPLAY CORP | Technology | 1.1% | $26.7m | 836,675 | -0% | held |
| 44 | PENNYMAC FINL SVCS INC | 1.0% | $25.6m | 1,537,475 | 63% | added | |
| 45 | IAC INTERACTIVECORP | 1.0% | $25.3m | 354,475 | 0% | held | |
| 46 | RDN RADIAN GROUP INC | Financial Services | 1.0% | $25.1m | 1,670,175 | 0% | held |
| 47 | OCI PARTNERS LP | 1.0% | $24.7m | 1,150,775 | 1% | added | |
| 48 | TER TERADYNE INC | Technology | 0.9% | $23.5m | 1,179,550 | -0% | held |
| 49 | MS MORGAN STANLEY | Financial Services | 0.9% | $22.0m | 707,225 | -0% | held |
| 50 | SUPERVALU INC | 0.8% | $20.2m | 2,952,075 | – | 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.