WhaleCreep

Miller Value Partners (Bill Miller) 13F holdings, Q1 2022

Long-only investorSEC filingsCompare with another fundHoldings as of 2022-03-31, filed 2022-05-16

Miller Value Partners (Bill Miller) disclosed 89 US equity positions worth $2.6bn in its Q1 2022 13F filing. Its largest position is AMZN at 4.6% of the reported book, followed by OVV and NCLH. Versus Q4 2021 it opened 13 new positions, added to 24, reduced 30 and exited 18.

$2.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
89
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
4.6%
Largest position
The largest single position as a share of the reported equity book.
37.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
36
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2021: 13 new, 24 added, 30 reduced, 18 exited

50 of 89
AMZN AMAZON COM INCConsumer Cyclical4.6%$122m37,440−1.9%reduced
OVV OVINTIV INCEnergy4.5%$119m2.21m+0.6%added
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical3.9%$102m4.65m+0.2%held
DXC DXC TECHNOLOGY COTechnology3.8%$99.9m3.06m−13%reduced
SPLKCHF SPLUNK INC–3.6%$95.6m643,477−9.3%reduced
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare3.6%$94.5m10.06m+4.1%added
GOOGL ALPHABET INCCommunication Services3.6%$93.6m33,649−0.1%held
HWAYEUR TIVITY HEALTH INC–3.5%$92.7m2.88m−21%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical3.4%$90.2m829,067+23%added
MAT MATTEL INCConsumer Cyclical3.4%$89.7m4.04m+0.6%added
ADT ADT INCIndustrials3.3%$88.0m11.60m−0.4%held
DAL DELTA AIR LINES INCIndustrials3.0%$79.9m2.02m+0.1%held
OMF ONEMAIN HLDGS INCFinancial Services3.0%$79.2m1.67m+6.2%added
TMHC* TAYLOR MORRISON HOME CORP–2.9%$76.7m2.82m+1.0%added
META META PLATFORMS INCCommunication Services2.9%$76.5m344,047+11%added
FANG DIAMONDBACK ENERGY INCEnergy2.9%$75.9m553,534−44%reduced
CLF CLEVELAND CLIFFS INCBasic Materials2.7%$71.2m2.21m+22697%added
BHC BAUSCH HEALTH COS INCHealthcare2.6%$69.8m3.06m+0.4%held
FISV FISERV INC–2.4%$63.8m629,281+24%added
GM General Motors CorpConsumer Cyclical2.3%$61.4m1.40m+0.3%held
HLF HERBALIFE LTDConsumer Defensive2.3%$61.2m2.02m−2.7%reduced
COIN COINBASE GLOBAL INCFinancial Services2.3%$60.6m318,998+30%added
ET ENERGY TRANSFER LPEnergy2.1%$56.4m5.04m−12%reduced
TUP TUPPERWARE BRANDS CORP–2.1%$54.8m2.82m+0.1%held
JPM JPMORGAN CHASE & COFinancial Services2.0%$53.7m394,190−2.7%reduced
C CITIGROUP INCFinancial Services2.0%$51.8m970,807+1665%added
FTCHQ FARFETCH LTDConsumer Cyclical1.9%$49.0m3.24m+40%added
UBER UBER TECHNOLOGIES INCTechnology1.8%$48.1m1.35m+9.7%added
VNT VONTIER CORPORATIONTechnology1.8%$47.9m1.88m+0.3%held
COF CAPITAL ONE FINL CORPFinancial Services1.8%$47.1m358,507−13%reduced
WW6 WW INTL INC–1.6%$42.3m4.14m+0.4%held
GOOS CANADA GOOSE HLDGS INCConsumer Cyclical1.3%$33.6m1.28m−9.5%reduced
KRTX KARUNA THERAPEUTICS INC–1.2%$30.7m241,848+0.2%held
SOFI SOFI TECHNOLOGIES INCFinancial Services0.8%$21.9m2.32m+0.1%held
BAC BANK OF AMER CORPFinancial Services0.7%$17.5m425,302−69%reduced
SFIX STITCH FIX INCConsumer Cyclical0.6%$15.8m1.57m−6.7%reduced
PGEN PRECIGEN INCHealthcare0.5%$13.5m6.39m−0.7%reduced
CC CHEMOURS COBasic Materials0.5%$13.1m415,600+8.6%added
VALE VALE S ABasic Materials0.4%$11.6m580,500−20%reduced
HRB BLOCK H & R INCConsumer Cyclical0.4%$10.7m410,0000.0%held
VTRS VIATRIS INCHealthcare0.4%$10.6m977,500+5.7%added
UPRO PROSHARES TR–0.4%$9.8m153,900+68%added
CHS1USD CHICOS FAS INC–0.4%$9.3m1.94m−2.4%reduced
PBI PITNEY BOWES INCIndustrials0.3%$8.9m1.71m+9.1%added
JXN JACKSON FINANCIAL INCFinancial Services0.3%$8.4m188,950+99%added
ARLP ALLIANCE RES PARTNER L PEnergy0.3%$7.8m508,000−15%reduced
NBR NABORS INDUSTRIES LTDEnergy0.3%$7.6m49,851−37%reduced
QUAD QUAD / GRAPHICS INCIndustrials0.3%$6.7m964,925−4.8%reduced
TDAY USA TODAY CO INCCommunication Services0.3%$6.7m1.48m+37%added
OGN ORGANON & COHealthcare0.2%$6.3m180,0000.0%held

Exited since Q4 2021

18 rows
REAL THE REALREAL INC1.3%$35.8m
RKT ROCKET COS INC0.5%$12.8m
APTSUSD PREFERRED APT CMNTYS INC0.3%$7.2m
WES WESTERN MIDSTREAM PARTNERS L0.2%$5.6m
SHAPEWAYS HOLDINGS INC no ticker0.08%$2.3m
SPY SPDR S&P 500 ETF Trust0.08%$2.2m
TWTRUSD TWITTER INC0.02%$533k
UA UNDER ARMOUR INC0.02%$464k
BIDU BAIDU INC0.02%$446k
BHF BRIGHTHOUSE FINL INC0.01%$221k
AR ANTERO RESOURCES CORP0.01%$200k
OCCIDENTAL PETE CORP no ticker0.0%$126k
ERFGBP ENERPLUS CORP0.0%$106k
CDEVEUR CENTENNIAL RESOURCE DEV INC0.0%$60.0k
BKD BROOKDALE SR LIVING INC0.0%$52.0k
BAKKT HOLDINGS INC no ticker0.0%$37.0k
AUDACY INC no ticker0.0%$26.0k
SOC TELEMED INC no ticker0.0%$13.0k

Sector mix

  • Consumer Cyclical22.0%
  • Unclassified19.4%
  • Financial Services13.5%
  • Energy10.2%
  • Technology7.7%
  • Healthcare7.4%
  • Industrials7.1%
  • Communication Services6.7%
  • Basic Materials3.6%
  • Consumer Defensive2.3%
  • Real Estate0.0%

Book over time

Every quarter on file (75)
QuarterPositionsEquity book
Q2 202656$423m
Q1 202655$383m
Q4 202534$284m
Q3 202536$272m
Q2 202533$236m
Q1 202534$219m
Q4 202433$234m
Q3 202430$177m
Q2 202429$157m
Q1 202430$156m
Q4 202342$168m
Q3 202346$159m
Q2 202346$152m
Q1 202390$1.6bn
Q4 202279$1.5bn
Q3 202287$1.6bn
Q2 202283$1.8bn
Q1 202289$2.6bn
Q4 202194$2.8bn
Q3 202196$2.9bn
Q2 2021100$3.8bn
Q1 202194$3.5bn
Q4 202085$3.0bn
Q3 202084$2.5bn
Q2 202078$2.3bn
Q1 202073$1.6bn
Q4 201990$2.8bn
Q3 201996$2.5bn
Q2 201995$2.5bn
Q1 2019100$2.5bn
Q4 2018100$2.2bn
Q3 2018108$3.1bn
Q2 2018109$2.7bn
Q1 2018107$2.3bn
Q4 2017107$2.3bn
Q3 2017106$2.2bn
Q2 2017110$2.2bn
Q1 201766$1.9bn
Q4 201657$1.9bn
Q3 201661$1.8bn
Q2 201662$1.5bn
Q1 201667$2.0bn
Q4 201580$2.6bn
Q3 201580$2.3bn
Q2 201588$2.6bn
Q1 201591$2.6bn
Q4 201494$2.6bn
Q3 2014113$2.4bn
Q2 2014113$2.5bn
Q1 2014110$2.5bn
Q4 2013104$2.2bn
Q3 201397$1.6bn
Q2 201398$1.4bn
Q1 201341$1.1bn
Q4 201238$884m
Q3 201239$796m
Q2 201238$898m
Q1 201239$994m
Q4 201143$828m
Q3 201138$773m
Q3 201139$1.3bn
Q2 201140$1.6bn
Q1 201138$1.7bn
Q4 201039$1.7bn
Q3 201034$1.5bn
Q1 201035$1.9bn
Q1 201034$1.7bn
Q3 200933$1.6bn
Q2 200929$1.2bn
Q1 200929$726m
Q4 200829$947m
Q3 200832$2.1bn
Q2 200836$2.7bn
Q1 200842$3.8bn
Q4 200747$4.9bn

Where Miller Value Partners (Bill Miller) was early

67 rows
AGO ASSURED GUARANTY LTDQ3 20081 of 1004.7%7.0%23Exited by Q4 2014+36%
BYD BOYD GAMING CORPQ3 20082 of 1410.9%3.6%28Exited by Q1 2016+112%
GNW GENWORTH FINL INCQ3 20083 of 1301.8%5.4%48Exited by Q1 2021−56%
PRU PRUDENTIAL FINL INCQ4 20082 of 1203.1%3.1%6Exited by Q4 2010+79%
HIG HARTFORD FINL SVCS GROUP INCQ4 20083 of 1243.0%6.3%22Exited by Q4 2014+127%
SLM SLM CORPQ4 20083 of 1222.9%3.3%7Exited by Q1 2011+41%
MS MORGAN STANLEYQ4 20084 of 1782.0%3.8%11Exited by Q3 2014+102%
MGM MGM RESORTS INTERNATIONALQ4 20085 of 2122.6%2.6%10Exited by Q4 2011−32%
AFL AFLAC INCQ2 20091 of 1193.2%3.2%5Exited by Q1 2011+82%
BAC BK OF AMERICA CORPQ2 200914 of 2327.3%7.3%47Exited by Q4 2022+129%
ARCC ARES CAP CORPQ3 20092 of 980.6%4.7%20Exited by Q1 2015+42%
MTG MGIC INVT CORP WISQ1 20106 of 1292.2%4.6%33Exited by Q3 2018−2.3%
STX SEAGATE TECHNOLOGY PLCQ4 20102 of 2040.4%3.7%27Exited by Q3 2017+158%
TER TERADYNE INCQ4 20102 of 1920.3%2.3%15Exited by Q3 2014+40%
MU MICRON TECHNOLOGY INCQ4 20103 of 3202.1%3.1%11Exited by Q1 2020+571%
UAL UNITED AIRLS HLDGS INCQ1 20111 of 1895.6%6.9%42Exited by Q2 2023+92%
GM GENERAL MTRS COQ1 20112 of 1691.0%2.9%27Exited by Q2 2023+18%
BSX BOSTON SCIENTIFIC CORPQ1 20114 of 1931.5%1.9%5Exited by Q3 2012−21%
INTC INTEL CORPQ3 201110 of 2804.5%4.5%5Exited by Q4 2012+6.2%
NXPI NXP SEMICONDUCTORS N VQ4 20113 of 2281.3%4.7%29Exited by Q4 2020+712%
HCA HCA HOLDINGS INCQ4 20115 of 2040.8%1.3%4Exited by Q4 2012+51%
AAPL APPLE INCQ1 201225 of 2755.6%5.8%25Exited by Q2 2018+96%
GRPN GROUPON INCQ2 20123 of 1283.4%4.1%16Exited by Q2 2016−62%
F FORD MTR CO DELQ4 20125 of 1812.3%2.3%8Exited by Q4 2014+14%
BBY BEST BUY INCQ4 20128 of 1331.4%2.7%11Exited by Q3 2015+175%
QUAD QUAD / GRAPHICS INCQ2 20131 of 580.04%7.5%39Held at last filing, Q2 2026−65%
OLED UNIVERSAL DISPLAY CORPQ2 20132 of 1421.5%1.6%6Exited by Q4 2014+16%
TMHC* TAYLOR MORRISON HOME CORPQ2 20132 of 1370.5%4.2%29Exited by Q2 2023+135%
ETRA E TRADE FINANCIAL CORPQ2 20133 of 941.7%2.0%11Exited by Q1 2016+134%
C CITIGROUP INCQ2 20134 of 2152.8%3.2%40Exited by Q2 2023−2.3%
PBI PITNEY BOWES INCQ2 20138 of 1060.06%1.5%32Exited by Q1 2025−51%
MSFT MICROSOFT CORPQ2 201310 of 3741.1%1.5%6Exited by Q4 2014+34%
AMZN AMAZON COM INCQ2 201312 of 3782.1%7.0%40Exited by Q2 2023+644%
AAL AMERICAN AIRLS GROUP INCQ4 201312 of 2382.9%5.0%25Exited by Q1 2020+14%
GME GAMESTOP CORP NEWQ1 20145 of 1242.0%2.8%28Exited by Q1 2021−54%
QCOM QUALCOMM INCQ1 201422 of 2463.4%3.4%14Exited by Q1 2020+12%
GILD GILEAD SCIENCES INCQ2 201416 of 1812.2%3.1%14Exited by Q4 2017−2.3%
BABA ALIBABA GROUP HLDG LTDQ3 201436 of 3770.09%5.2%32Exited by Q2 2023+15%
TCRT ZIOPHARM ONCOLOGY INCQ1 20151 of 631.2%2.2%26Exited by Q3 2021−75%
T86 TRI POINTE GROUP INCQ2 20156 of 1220.7%1.5%7Exited by Q1 2017−25%
OMF ONEMAIN HLDGS INCQ4 20152 of 1361.3%5.2%43Held at last filing, Q2 2026+47%
GEO GEO GROUP INC NEWQ3 20168 of 1280.1%2.5%19Exited by Q2 2024−11%
RH RHQ1 20171 of 2046.3%6.9%15Exited by Q4 2020+727%
W WAYFAIR INCQ1 201711 of 2412.8%4.0%6Exited by Q3 2018+193%
UPBD UPBOUND GROUP INCQ2 201710 of 1110.04%1.3%8Held at last filing, Q2 2026+81%
WOO FOOT LOCKER INCQ2 201712 of 1600.1%2.9%10Exited by Q2 2023−28%
CLF CLEVELAND-CLIFFS INC NEWQ3 201713 of 1730.01%2.7%22Exited by Q2 2024+218%
SFIX STITCH FIX INCQ4 20173 of 1221.6%4.2%21Exited by Q2 2023−80%
BHF BRIGHTHOUSE FINL INCQ2 20185 of 1411.3%3.7%15Exited by Q1 2022+29%
BHC BAUSCH HEALTH COS INCQ3 20184 of 1544.1%4.7%17Exited by Q4 2022−73%

Concentration and tenure

5.9%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
44.2%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
5
Median completed holding, quarters