WhaleCreep

Miller Value Partners (Bill Miller) 13F holdings, Q3 2022

Long-only investorSEC filingsCompare with another fundHoldings as of 2022-09-30, filed 2022-11-14

Miller Value Partners (Bill Miller) disclosed 87 US equity positions worth $1.6bn in its Q3 2022 13F filing. Its largest position is OVV at 5.5% of the reported book, followed by AMZN and EXPE. Versus Q2 2022 it opened 17 new positions, added to 29, reduced 31 and exited 13.

$1.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
87
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.5%
Largest position
The largest single position as a share of the reported equity book.
41.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
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 Q2 2022: 17 new, 29 added, 31 reduced, 13 exited

50 of 87
OVV OVINTIV INCEnergy5.5%$89.7m1.95m−2.1%reduced
AMZN AMAZON COM INCConsumer Cyclical4.8%$78.5m694,974+0.9%added
EXPE EXPEDIA GROUP INCConsumer Cyclical4.6%$75.1m801,273+30%added
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare4.5%$74.7m9.25m−0.9%reduced
MAT MATTEL INCConsumer Cyclical4.2%$69.3m3.66m−1.0%reduced
ET ENERGY TRANSFER LPEnergy4.0%$65.1m5.91m+0.8%added
GOOGL ALPHABET INCCommunication Services3.9%$64.6m675,024+1915%added
OMF ONEMAIN HLDGS INCFinancial Services3.8%$63.1m2.14m+8.5%added
TMHC* TAYLOR MORRISON HOME CORP–3.4%$56.1m2.40m−5.9%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical3.1%$51.2m639,478−22%reduced
UBER UBER TECHNOLOGIES INCTechnology2.9%$48.4m1.83m+16%added
DAL DELTA AIR LINES INCIndustrials2.9%$47.9m1.71m+2.3%added
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical2.8%$46.8m4.12m+0.8%added
FISV FISERV INC–2.8%$45.3m483,792−18%reduced
GM General Motors CorpConsumer Cyclical2.7%$43.9m1.37m−3.2%reduced
C CITIGROUP INCFinancial Services2.6%$43.2m1.04m−4.5%reduced
FTCHQ FARFETCH LTDConsumer Cyclical2.6%$42.5m5.70m+49%added
JPM JPMORGAN CHASE & COFinancial Services2.5%$40.9m391,803+0.5%added
ADT ADT INCIndustrials2.4%$40.2m5.37m−41%reduced
DXC DXC TECHNOLOGY COTechnology2.4%$39.1m1.60m−39%reduced
META META PLATFORMS INCCommunication Services2.4%$39.1m287,879−16%reduced
UAL UNITED AIRLINES HLDGS INCIndustrials2.3%$38.5m1.18m−0.4%held
KRTX KARUNA THERAPEUTICS INC–2.3%$38.3m170,335−24%reduced
CLF CLEVELAND CLIFFS INCBasic Materials2.2%$36.9m2.74m+5.0%added
FANG DIAMONDBACK ENERGY INCEnergy2.2%$35.6m295,651−31%reduced
COF CAPITAL ONE FINL CORPFinancial Services1.7%$28.3m307,276−3.2%reduced
VNT VONTIER CORPORATIONTechnology1.6%$26.5m1.59m−22%reduced
SOFI SOFI TECHNOLOGIES INCFinancial Services1.5%$24.8m5.09m+132%added
SPLKCHF SPLUNK INC–1.4%$23.8m316,590−35%reduced
SICP SILVERGATE CAP CORPFinancial Services1.2%$19.6m259,760–new
SFIX STITCH FIX INCConsumer Cyclical1.1%$17.7m4.48m–new
COIN COINBASE GLOBAL INCFinancial Services1.0%$16.9m261,614−9.6%reduced
GOOS CANADA GOOSE HLDGS INCConsumer Cyclical0.9%$15.3m1.00m+13%added
BAC BANK OF AMER CORPFinancial Services0.8%$12.8m423,292+0.4%held
BHC BAUSCH HEALTH COS INCHealthcare0.7%$10.7m1.56m−39%reduced
BKE BUCKLE INCConsumer Cyclical0.5%$8.4m266,200+122%added
VTRS VIATRIS INCHealthcare0.5%$8.0m943,500−3.5%reduced
CHS1USD CHICOS FAS INC–0.5%$7.6m1.56m−16%reduced
VALE VALE S ABasic Materials0.5%$7.5m559,500−3.6%reduced
ARLP ALLIANCE RES PARTNER L PEnergy0.5%$7.4m324,000−27%reduced
JXN JACKSON FINANCIAL INCFinancial Services0.4%$7.2m259,525+9.3%added
CC CHEMOURS COBasic Materials0.4%$7.1m289,000−3.7%reduced
SPY SPDR S&P 500 ETF Trust–0.4%$7.0m19,480−11%reduced
CTO CTO RLTY GROWTH INC NEW–0.4%$6.7m360,000+279%added
OGN ORGANON & COHealthcare0.3%$4.8m205,000−4.7%reduced
EXE EXPAND ENERGY CORPORATIONEnergy0.3%$4.7m50,0000.0%held
LAZ LAZARD LTDFinancial Services0.3%$4.4m137,2000.0%held
MPT MEDICAL PPTYS TRUST INCReal Estate0.2%$3.9m332,000–new
NBR NABORS INDUSTRIES LTDEnergy0.2%$3.9m38,726+12%added
35OB SCULPTOR CAP MGMT–0.2%$3.9m442,400+4.7%added

Exited since Q2 2022

13 rows
PGEN PRECIGEN INC0.4%$7.5m
HRB BLOCK H & R INC0.3%$5.5m
786 HOME PT CAPITAL INCORPORATED0.2%$4.0m
TTT PROSHARES TR0.07%$1.2m
WES WESTERN MIDSTREAM PARTNERS L0.06%$1.1m
VIPS VIPSHOP HOLDINGS LIMITED0.06%$1.1m
BBBYEUR BED BATH & BEYOND INC0.04%$677k
ENDO INTL PLC no ticker0.03%$487k
CXW CORECIVIC INC0.02%$389k
TAL TAL EDUCATION GROUP0.0%$49.0k
GREENIDGE GENERATION HLDGS I no ticker0.0%$25.0k
SDIG STRONGHOLD DIGITAL MINING IN0.0%$17.0k
TMC THE METALS COMPANY INC no ticker0.0%$2.0k

Sector mix

  • Consumer Cyclical27.6%
  • Financial Services16.6%
  • Energy12.7%
  • Unclassified11.8%
  • Industrials8.3%
  • Technology7.0%
  • Communication Services6.5%
  • Healthcare6.0%
  • Basic Materials3.1%
  • Real Estate0.4%
  • Consumer Defensive0.03%

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