Miller Value Partners 13F holdings, Q4 2014
Holdings as of December 31, 2014 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 94 US equity positions worth $2.6bn in its Q4 2014 13F filing. The largest position was AAL at 5.0% of the reported book, followed by DAL and UAL. Against the Q3 2014 filing, it opened 5 new positions, added to 17 and reduced 5 among the top 50 holdings.
What did Miller Value Partners own in Q4 2014? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2014 |
|---|---|---|---|---|---|---|---|
| 1 | AAL AMERICAN AIRLS GROUP INC | Industrials | 5.0% | $128.8m | 2,401,225 | 5% | added |
| 2 | DAL DELTA AIR LINES INC DEL | Industrials | 4.6% | $118.1m | 2,401,225 | -5% | reduced |
| 3 | UAL UNITED CONTL HLDGS INC | Industrials | 4.6% | $116.4m | 1,740,625 | -0% | held |
| 4 | GNW GENWORTH FINL INC | Financial Services | 3.5% | $88.1m | 10,369,125 | 87% | added |
| 5 | PHM PULTE GROUP INC | Consumer Cyclical | 3.5% | $88.0m | 4,102,850 | 26% | added |
| 6 | PLATFORM SPECIALTY PRODS COR | 3.3% | $83.6m | 3,601,700 | – | new | |
| 7 | NXPI NXP SEMICONDUCTORS N V | Technology | 3.3% | $83.6m | 1,094,525 | 62% | added |
| 8 | LEN LENNAR CORP | Consumer Cyclical | 3.2% | $82.2m | 1,834,300 | 65% | added |
| 9 | MTG MGIC INVT CORP WIS | Financial Services | 3.2% | $81.6m | 8,757,825 | -0% | held |
| 10 | INTREXON CORP | 3.2% | $81.0m | 2,941,550 | 2% | added | |
| 11 | QCOM QUALCOMM INC | Technology | 3.0% | $77.1m | 1,036,890 | -0% | held |
| 12 | BAC BANK AMER CORP | Financial Services | 2.9% | $72.9m | 4,076,425 | -0% | held |
| 13 | FIAT CHRYSLER AUTOMOBILES N | 2.7% | $69.3m | 5,983,725 | – | new | |
| 14 | STX SEAGATE TECHNOLOGY PLC | Technology | 2.7% | $69.0m | 1,037,175 | -0% | held |
| 15 | GILD GILEAD SCIENCES INC | Healthcare | 2.5% | $64.9m | 688,675 | -0% | held |
| 16 | C CITIGROUP INC | Financial Services | 2.3% | $58.4m | 1,078,975 | -0% | held |
| 17 | GME GAMESTOP CORP NEW | Consumer Cyclical | 2.1% | $53.9m | 1,594,950 | 0% | held |
| 18 | AAPL APPLE INC | Technology | 2.1% | $53.0m | 479,790 | -16% | reduced |
| 19 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 2.1% | $52.9m | 508,600 | 1934% | added |
| 20 | PRICELINE GRP INC | 2.0% | $52.3m | 45,830 | – | new | |
| 21 | JPMORGAN CHASE & CO | 2.0% | $52.1m | 2,506,875 | -0% | held | |
| 22 | NFLX NETFLIX INC | Communication Services | 2.0% | $51.2m | 149,740 | -0% | held |
| 23 | CIGNA CORPORATION | 1.9% | $49.3m | 478,900 | -0% | held | |
| 24 | BYD BOYD GAMING CORP | Consumer Cyclical | 1.9% | $49.0m | 3,831,975 | -0% | held |
| 25 | EBAY EBAY INC | Consumer Cyclical | 1.8% | $47.2m | 840,275 | -22% | reduced |
| 26 | BBY BEST BUY INC | Consumer Cyclical | 1.8% | $46.6m | 1,195,775 | -0% | held |
| 27 | ETRA E TRADE FINANCIAL CORP | 1.8% | $45.7m | 1,882,400 | -0% | held | |
| 28 | KBH KB HOME | Consumer Cyclical | 1.8% | $44.9m | 2,715,050 | 32% | added |
| 29 | GRPN GROUPON INC | Communication Services | 1.7% | $44.4m | 5,371,100 | 0% | held |
| 30 | COUPONS COM INC | 1.7% | $43.2m | 2,431,450 | 14% | added | |
| 31 | PANDORA MEDIA INC | 1.7% | $43.1m | 2,414,950 | 19% | added | |
| 32 | ENDURANCE INTL GROUP HLDGS I | 1.7% | $43.0m | 2,334,450 | – | new | |
| 33 | NATIONSTAR MTG HLDGS INC | 1.6% | $40.6m | 1,440,750 | 17% | added | |
| 34 | AMZN AMAZON COM INC | Consumer Cyclical | 1.6% | $40.0m | 128,925 | 2% | added |
| 35 | GM GENERAL MTRS CO | Consumer Cyclical | 1.5% | $38.4m | 1,099,900 | 0% | held |
| 36 | CHESAPEAKE ENERGY CORP | 1.4% | $36.9m | 1,887,200 | 0% | held | |
| 37 | TMHC* TAYLOR MORRISON HOME CORP | 1.4% | $35.8m | 1,896,260 | 2% | added | |
| 38 | LEVEL 3 COMMUNICATIONS INC | 1.4% | $35.6m | 719,975 | -0% | held | |
| 39 | RDN RADIAN GROUP INC | Financial Services | 1.1% | $28.3m | 1,691,875 | 0% | held |
| 40 | PENNYMAC FINL SVCS INC | 1.1% | $26.9m | 1,556,575 | -0% | held | |
| 41 | ZULILY INC | 0.9% | $23.8m | 1,016,400 | 71% | added | |
| 42 | SPRINGLEAF HLDGS INC | 0.9% | $22.9m | 632,700 | 0% | held | |
| 43 | OCI PARTNERS LP | 0.4% | $11.4m | 715,200 | -40% | reduced | |
| 44 | NEW MEDIA INVT GROUP INC | 0.3% | $6.7m | 283,200 | 0% | held | |
| 45 | TRIANGLE CAP CORP | 0.1% | $3.5m | 171,213 | 197% | added | |
| 46 | STWD STARWOOD PPTY TR INC | Real Estate | 0.1% | $3.4m | 145,200 | 0% | held |
| 47 | HOME LN SERVICING SOLUTIONS | 0.1% | $3.3m | 168,000 | 46% | added | |
| 48 | AMERICAN RLTY CAP PPTYS INC | 0.1% | $3.2m | 355,000 | – | new | |
| 49 | ABENGOA YIELD PLC | 0.1% | $2.9m | 105,000 | 110% | added | |
| 50 | NORTHSTAR RLTY FIN CORP | 0.1% | $2.8m | 157,900 | -93% | reduced |
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.