WhaleCreep

Miller Value Partners (Bill Miller) 13F holdings, Q3 2024

Long-only investorSEC filingsCompare with another fundHoldings as of 2024-09-30, filed 2024-11-14

Miller Value Partners (Bill Miller) disclosed 30 US equity positions worth $177.2m in its Q3 2024 13F filing. Its largest position is BFH at 6.9% of the reported book, followed by LNC and JXN. Versus Q2 2024 it opened 2 new positions, added to 12, reduced 10 and exited 1.

$177m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
30
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.9%
Largest position
The largest single position as a share of the reported equity book.
57.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
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 2024: 2 new, 12 added, 10 reduced, 1 exited

30 rows
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services6.9%$12.3m258,530+1.5%added
LNC LINCOLN NATL CORP INDFinancial Services6.8%$12.1m383,215+16%added
JXN JACKSON FINANCIAL INCFinancial Services6.7%$11.9m130,335−11%reduced
T AT&T INCCommunication Services6.6%$11.7m533,000−9.4%reduced
WAL WESTERN ALLIANCE BANCORPFinancial Services6.5%$11.5m132,945−6.4%reduced
NBR NABORS INDUSTRIES LTDEnergy5.1%$9.1m140,965+36%added
QUAD QUAD / GRAPHICS INCIndustrials4.8%$8.6m1.88m+30%added
MSTR STRATEGY INCTechnology4.8%$8.5m50,250–new
GTN GRAY TELEVISION INCCommunication Services4.4%$7.8m1.46m+89%added
TDAY USA TODAY CO INCCommunication Services4.4%$7.7m1.37m−10.0%reduced
CTO CTO RLTY GROWTH INC NEW–4.1%$7.3m383,900−14%reduced
VTRS VIATRIS INCHealthcare4.1%$7.2m619,0000.0%held
OMF ONEMAIN HLDGS INCFinancial Services4.0%$7.0m149,0000.0%held
CHRD CHORD ENERGY CORPORATIONEnergy3.9%$6.9m52,766+17%added
BCC BOISE CASCADE CO DELBasic Materials3.2%$5.6m40,0000.0%held
BKE BUCKLE INCConsumer Cyclical3.1%$5.5m125,000−17%reduced
STLA STELLANTIS N.VConsumer Cyclical3.1%$5.5m390,000−7.1%reduced
BBW BUILD-A-BEAR WORKSHOP INCConsumer Cyclical2.9%$5.2m150,000+114%added
UGI UGI CORP NEWUtilities2.9%$5.1m202,000−15%reduced
UNFI UNITED NAT FOODS INCConsumer Defensive2.6%$4.6m271,115+33%added
BMY BRISTOL-MYERS SQUIBB COHealthcare2.3%$4.1m80,000+33%added
CNDT CONDUENT INCTechnology2.0%$3.6m900,935+21%added
ARLP ALLIANCE RES PARTNER L PEnergy1.7%$2.9m117,0000.0%held
FOSL FOSSIL GROUP INCConsumer Cyclical0.9%$1.6m1.33m+22%added
TPC TUTOR PERINI CORPIndustrials0.8%$1.5m54,800−37%reduced
DCH DAUCH CORPConsumer Cyclical0.8%$1.4m233,640+22%added
TTEN TOTAL S.A.–0.3%$494k7,650–new
FTI TECHNIPFMC PLCEnergy0.1%$215k8,1850.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare0.1%$197k10,9500.0%held
PBI PITNEY BOWES INCIndustrials0.10%$173k24,259−23%reduced

Exited since Q2 2024

1 row
MICROSTRATEGY INC no ticker4.4%$6.9m

Sector mix

  • Financial Services30.9%
  • Communication Services15.4%
  • Consumer Cyclical10.8%
  • Energy10.8%
  • Technology6.8%
  • Healthcare6.5%
  • Industrials5.8%
  • Unclassified4.4%
  • Basic Materials3.2%
  • Utilities2.9%
  • Consumer Defensive2.6%

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