Miller Value Partners 13F holdings, Q4 2016
Holdings as of December 31, 2016 · filings on SEC EDGAR · latest filing →
Miller Value Partners disclosed 57 US equity positions worth $1.9bn in its Q4 2016 13F filing. The largest position was UAL at 4.9% of the reported book, followed by DAL and AAL. Against the Q3 2016 filing, it opened 5 new positions, added to 15 and reduced 19 among the top 50 holdings.
What did Miller Value Partners own in Q4 2016? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2016 |
|---|---|---|---|---|---|---|---|
| 1 | UAL UNITED CONTL HLDGS INC | Industrials | 4.9% | $91.6m | 1,256,700 | -6% | reduced |
| 2 | DAL DELTA AIR LINES INC DEL | Industrials | 4.9% | $91.3m | 1,856,525 | -8% | reduced |
| 3 | AAL AMERICAN AIRLS GROUP INC | Industrials | 4.8% | $89.5m | 1,917,525 | -5% | reduced |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 4.4% | $82.3m | 109,712 | 695% | added |
| 5 | MTG MGIC INVT CORP WIS | Financial Services | 4.2% | $78.7m | 7,725,225 | -5% | reduced |
| 6 | BAC BANK AMER CORP | Financial Services | 4.1% | $77.9m | 3,523,375 | -10% | reduced |
| 7 | JPMORGAN CHASE & CO | 4.1% | $76.8m | 1,734,725 | -26% | reduced | |
| 8 | INTREXON CORP | 4.0% | $74.8m | 3,079,325 | 0% | held | |
| 9 | OMF ONEMAIN HLDGS INC | Financial Services | 3.9% | $74.1m | 3,344,850 | 18% | added |
| 10 | PANDORA MEDIA INC | 3.8% | $71.1m | 5,450,175 | -1% | reduced | |
| 11 | PLATFORM SPECIALTY PRODS COR | 3.8% | $70.9m | 7,225,350 | -0% | held | |
| 12 | VALEANT PHARMACEUTICALS INTL | 3.8% | $70.5m | 4,855,500 | 112% | added | |
| 13 | LEN LENNAR CORP | Consumer Cyclical | 3.7% | $69.1m | 1,608,700 | -0% | held |
| 14 | ENDURANCE INTL GROUP HLDGS I | 3.6% | $67.5m | 7,253,100 | 18% | added | |
| 15 | QUOTIENT TECHNOLOGY INC | 3.6% | $67.2m | 6,249,400 | -1% | reduced | |
| 16 | PHM PULTE GROUP INC | Consumer Cyclical | 3.4% | $63.8m | 3,470,750 | -11% | reduced |
| 17 | GNW GENWORTH FINL INC | Financial Services | 3.2% | $59.8m | 15,695,600 | 0% | held |
| 18 | ENDO INTL PLC | 3.0% | $55.6m | 3,376,925 | 93% | added | |
| 19 | C CITIGROUP INC | Financial Services | 2.9% | $54.2m | 912,100 | -9% | reduced |
| 20 | RESTORATION HARDWARE HLDGS I | 2.6% | $49.4m | 1,608,050 | – | new | |
| 21 | TMHC* TAYLOR MORRISON HOME CORP | 2.2% | $42.2m | 2,191,325 | -2% | reduced | |
| 22 | GME GAMESTOP CORP NEW | Consumer Cyclical | 2.2% | $40.6m | 1,606,575 | 38% | added |
| 23 | NATIONSTAR MTG HLDGS INC | 2.0% | $37.9m | 2,096,975 | -13% | reduced | |
| 24 | GILD GILEAD SCIENCES INC | Healthcare | 1.8% | $33.4m | 466,050 | -1% | reduced |
| 25 | STX SEAGATE TECHNOLOGY PLC | Technology | 1.6% | $30.0m | 785,275 | -3% | reduced |
| 26 | TWITTER INC | 1.6% | $29.3m | 1,800,334 | -2% | reduced | |
| 27 | ALLERGAN PLC | 1.5% | $27.9m | 133,015 | – | new | |
| 28 | RDN RADIAN GROUP INC | Financial Services | 1.5% | $27.8m | 1,547,475 | -2% | reduced |
| 29 | TCRT ZIOPHARM ONCOLOGY INC | 1.4% | $26.2m | 4,900,721 | -2% | reduced | |
| 30 | PENNYMAC FINL SVCS INC | 1.3% | $23.8m | 1,429,050 | -2% | reduced | |
| 31 | T86 TRI POINTE GROUP INC | 1.2% | $22.8m | 1,990,050 | -2% | reduced | |
| 32 | GTY TECHNOLOGY HOLDINGS INC | 1.1% | $21.1m | 2,011,800 | – | new | |
| 33 | ALXN ALEXION PHARMACEUTICALS INC | 0.6% | $12.2m | 99,710 | – | new | |
| 34 | GEO GEO GROUP INC NEW | Industrials | 0.3% | $5.5m | 152,000 | 65% | added |
| 35 | FORTRESS TRANS INFRST INVS L | 0.3% | $5.2m | 393,000 | 0% | held | |
| 36 | APOLLO GLOBAL MGMT LLC | 0.2% | $4.6m | 240,000 | 35% | added | |
| 37 | NEW MEDIA INVT GROUP INC | 0.2% | $4.5m | 282,000 | 10% | added | |
| 38 | FORTRESS INVESTMENT GROUP LL | 0.2% | $4.5m | 927,000 | 37% | added | |
| 39 | CHIMERA INVT CORP | 0.2% | $4.1m | 240,000 | 14% | added | |
| 40 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 0.2% | $4.0m | 255,750 | 15% | added |
| 41 | NORTHSTAR RLTY FIN CORP | 0.2% | $3.8m | 251,450 | 0% | held | |
| 42 | TRIANGLE CAP CORP | 0.2% | $3.4m | 184,278 | 0% | held | |
| 43 | STWD STARWOOD PPTY TR INC | Real Estate | 0.2% | $3.2m | 145,200 | 0% | held |
| 44 | ARLINGTON ASSET INVT CORP | 0.2% | $3.1m | 210,000 | 31% | added | |
| 45 | CARLYLE GROUP L P | 0.2% | $3.0m | 200,000 | 133% | added | |
| 46 | FRONTIER COMMUNICATIONS CORP | 0.1% | $2.7m | 38,000 | 36% | added | |
| 47 | BGC PARTNERS INC | 0.1% | $2.3m | 226,400 | 0% | held | |
| 48 | MEDLEY CAP CORP | 0.1% | $2.0m | 262,834 | 0% | held | |
| 49 | WALTER INVT MGMT CORP | 0.1% | $1.9m | 3,000,000 | – | new | |
| 50 | MGP MGM GROWTH PPTYS LLC | 0.1% | $1.9m | 75,000 | 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.